latest news on the week's top stories are seeing the apec summit in hawaii asia and the pacific brands most powerful economies start work on a possible game changing free trade zone. the prime ministers of both italy and greece call a new governments are appointed as their countries drowning in debt. plus a un report claims around could be seeking to obtain a nuclear weapon attack around slams the allegations as a us back to smear campaign. top of the hour on karen broadcasting to you live from the heart of moscow the

creation of a landmark free trade zone dominated talks at this year's apec summit which brings together the leaders of asian and pacific rim countries barack obama host of a get together in hawaii and met up with to meet their need to turn over some pretty hot topics artie's honest us it should get out brings us more from honolulu . but final day of the apec summit a two day gathering here in honolulu on the topics that they're hearing that they're really here for is the trade relationships between the twenty one economies the issues of lifting custom barriers creating a healthier investment climate and really trying to reach an open and free trade zone by the year twenty twenty one of the key meetings of course was the bilateral talks between the russian and american presidents where they discussed wide range of different issues but importantly one of them was russia's accession to the world trade organization of course russia has been having a desire to join to join the w t o since one nine hundred ninety three and it

should this is something that should be finalized and russia should become a full fledged member by the summer of two thousand and twelve and the russian president really thinks the u.s. president ford helping out in this whole process he did say that this is the first u.s. administration that has actually been. positive when it comes to russia's accession to the world trade organization among other issues was of course of course the issue of missile defense where there are still some disagreements between russia and the united states because russia wants the u.s. to provide some legal guarantees that the missile defense plans in europe will not be a threat to russia's security among other issues of course iran the two leaders said that they want to have a joint plan to make sure that iran follows its international obligations so that's just a few of the very many topics being discussed here on the ground so far we have nine countries including the u.s. who have signed up to really start working on this pact a transpacific plan it's interesting that the united states has been trying to get

more countries to join like you mention among them is of course china a major economy that's really making some here over in the united states paranoid that they might lose their sort of main spot is the number one world economy and it's interesting that china so far has has been seeing that those u.s. plans are a little too in business because one of the mean flaws. all of that packed in question would include basically a need for seats owned companies who are get subsidies from the government to be on the same level really as private companies and since so many industries in china are run by. sort of feet and equities it's really a complicated matter for china and would really require a lot of restructuring so this is something that's really for now in the first stages and just includes nine countries for now apparent tension between the u.s. and china are foreign can only damage america that's according to george who the founder of international strategic alliances he believes china bashing ahead of the

u.s. presidential election hurts rather than helps economic recovery. the dollar is been on a steadily weakening trend for quite a few years i would say since the end of the bush administration and beginning in obama administration wide because we're printing more and more dollar bills and literally only country that has that ability and privily to print more money we need and natural consequence of that of course is that we can hear other dollar as far as being competitive or not being come i think. a lot of that is a structural problem in the us you have highway to. certain protection and sentiments from different sectors of the economy and and it makes it hard to compete in a worldwide market i say i attribute

a lot of that naked in. the midst of all it takes the run up to two thousand and twelve presidential election it's really unfortunate because if they see it differently they could it was recognized that in mighty chinese investments into the u.s. would be good for the u.s. would be it would be helpful to the u.s. local economy to be so i don't welcoming and so hostile to tell he's a mess when it's actually against our own interests they're all seem to try to outdo each other in the anti chairman at this point. the way i see it i think this is a they usually cyclical run up until we had a presidential election and everything back to reality after that and things are. well side talks at the apec summit put the finishing touches on russia's ascension to the world trade organization expected next year experts have long debated whether membership will help diversify and strengthen the russian economy or not

artie's it about in the breaks down the arguments. for the person on the street w t o membership will not be just something bill read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of imported goods drop and the mass to companies also grow quicker with foreign markets opening up. for workers of these metallurgical company it all looks like a win win situation their most recent project is the north stream five line should they enter international markets they'll face very little competition. and this is not so much the largest plant in russia south producing harvester threshers is wanted for months ahead and workers who conspired. but the hand of the company has a rather different outlook to that of the w t o cheerleaders. our oil and gas will

be in demand even without entering the. well agriculture. head recalled chu will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most of he will. the troubled not a giant of the virus was rescued from the brink of death in the economic crisis of two thousand and eight by prime minister putin with more than one billion dollars in loans cash and guarantees. how about the government's favorite child but not all car makers in russia are cherished this news to hear the arriving want of not screech open the 1930's most successful years what the fifty's and sixty's were hundreds of thousands of not screech cars flooded the soviets and foreign markets after the collapse of the soviet union was created was in desperate need of money

but the government could not afford to loss making car produces and must reach was tossed out. the only way to would become laps of yet another industrial giant experts say is to use the transition period after joining the w two wisely firstly entry to the w.t. doesn't mean you instantly have to drop all customs tires and comply straight away there's a transit so-called transition period roughly seven years or so protectionist measures will apply for a number of sensitive industries which employ millions of people such as every culture timber and car making but at a certain point the state's industrial dependence will have to let go of its hands and walk on their own two feet in the world outside of that should also be a somewhat easier place to do business in lieu or duction of customs tariffs and trade barriers to a more level playing field across international markets it seems

a grouch over our tea. coming up ethnic tensions on the rise there's fierce serb resistance in kosovo after fresh clashes result and injury. russia opens a brand new gas pipeline direct in germany as moscow moves to cement trade ties with the ets. also in syria hundreds of thousands come out in support of the government after damascus is banned from the arab league for failing to end the deadly unrest in the country. mario monti of former e.u. commissioner has been appointed the head of a new caretaker government in italy to pull the country back from the financial abyss as follows the resignation of silvio berlusconi who stepped down on saturday having ruled the country as prime minister for a total of ten years in three separate terms archies sarah firth brings us the latest from rome. the days of you feeling bad about the start of another working

week on monday spare a thought the former aide commissioner merriman say he's just been appointed by the president to form a new government and he now faces the massive task of pulling the country back from the financial abyss into which is currently staring say not your usual chill description certainly but everyone very much hoping he's up to the job and everyone's going to be watching extremely closely to see what the results of that will be now he's currently deciding on who will form that new cabinet around an m.p. i was speaking to recently told me it was expected that it will not only be a government of many technocrats but also a rather small gathering around him as well that would be with the intention of creating a more streamlined more effective government who is able to push through these are very serious reforms and can then actually have some of these achievements that have been so long awaited for in the country because these reforms long promised

and we felt to see them be delivered safe but he faces an absolutely huge challenge ahead of him with the feeling amongst the people in italy is certainly with silvio berlusconi resigned as prime minister and with mary monti now at the helm that it's really at least stands a chance of it certainly no one's assuming that this is going to be a quick fix to the very serious problems that the country still faces and of course is one thing to pass these measures and it's one thing to now see a caretaker government in the process of being formed and these decisions have happened very quickly or has to be said this week and of course they have absolutely desperate right now to send the message that they are able to get a grasp on the very serious situation in the country but there's still a lot to be done and these reforms actually have to be implemented and that's going to take years before you see the results of that that you're going to know. democratic legitimacy he going to need support and already there are questions

about whether mary months he's going to be able to gain that support in parliament because he's going to need that to push through these measures that's going to be very very important in the coming days and weeks also whether he's going to be able to get the public support as well because they're the ones he face these very painful austerity measures the eighty hikes pension ca's job cuts all things that a lot of economists i spoke and he said not of course conducive to good which is exactly what the country needs right now months he's a very well respected economist in the country he's certainly going to be watched very very closely as the man that a lot of people think is the right person to guide the country through a very tough time but as he said the task ahead of him is absolutely huge is nickname here is stephen mariano and everyone's going to be certainly hoping he's going to live up to that and he will need to to deal with the challenges that lie ahead investment advisor patrick young says that i must take serious action no

amount of power shifting or how it's all its problems. i think the real problem here is the idea that suddenly overnight because we change the brand in the name of the. room the door of the office of prime minister we salute a miraculous cheer engine italy and the truth is italy has a huge amount of debt they need to sell go up there to the very near future in order to manage to ensure that they can pay the salaries of teachers and other members of the public service and ultimately it's going to be very difficult what may because the markets have lost fear not just in italy but in fact in europe still calls political leader should we were doing anything but leading nothing is being laid in europe no solutions are being made and everybody is ultimately playing politics with the livelihoods of individual workers in europe and not a disaster for everybody in the ural itself is probably going to include by the end of the year perhaps even the end of this month unless we see some serious action.

to syria now where hundreds of thousands of government supporters have rallied in cities across the country angered at syria's suspension from the arab league damascus has since called for an emergency meeting of the organization in an attempt to reverse that decision the league decided to suspend damascus in an attempt to force president assad to implement a peace plan to end the deadly unrest meanwhile dozens more people have reportedly been killed across the country on sunday and the latest wave of crackdowns on anti-government protests this comes as the head of russia's orthodox church visits the country in a bid to bring an end to the bloodshed author and journalist afshin rattansi thinks the conflict in syria is being fueled from abroad and could drag on for some time. many syrian soldiers have died in the cause the good don't normally report here they just say civilians where are they getting the weapons from lockheed martin exhibiting in the dubai air fare said profits are up place of profits are very good

in the middle east at the moment what i think i fear and what many analysts may be feeling at the moment is that a saudi backed proxy war will continue and there will be an insurgency that is fighting in syria against the assad government who continue to cause instability in syria and beyond and this will be a sort of slow burn for normal with the united states and europe beginning a kind of back seat we mustn't also forget that turkey has been actively involved in the even told us diplomatic staff and as a stand it was advising its citizens to leave syria to turkey is playing a game here to the media is playing a massive game because ours television station al-jazeera very obviously wanting the four of us at the moment and the west media to report by the un's atomic watchdog has heightened fears this week that iran could be developing a nuclear weapon israel is now calling on the international community to act despite being under clear nuclear power itself but russia is stressing the need for

caution over what appears to be an inconclusive report iran's brushing the allegations side blaming the u.s. for putting pressure on the international atomic energy agency iranian lawmakers are now calling for a review of the country's cooperation with the agency or a political scientist mohammad marandi says that i.e. findings are biased and deeply flawed. the whole report itself it's based on forged documents there is absolutely nothing new in the report all the documents are from the year two thousand and four and before that there is a general trend to try to put iran in a corner toward trying to corner iran if you recall just a few weeks ago the americans made outrageous accusations about some murder plot of this sort of the united states and no one in the world believed it because it was so absurd this now comes right after that this report if you if you look at the western media the corporate media they're all saying that this is new information

that proves that iran is trying to produce nuclear weapons were in reality all the documents go back to two thousand and four and previous years all have been refuted in the past the united states has never provided with the documents this shows that this is basically an attempt to create. pressure and to to move public opinion against iraq. in london to russian billionaires go head to head exile tycoon buddies bits of skin and chelsea football club owner and i'm on our bottom of it are locked in what's said to be the most expensive private court case britain has ever seen our correspondent ira bennett has been monitoring the hearing . it's been dubbed the battle of the oligarchs in one corner is an easter egg estimated wealth became billion assets for your child's a football club and a french chateau in the other corner mr b. estimated fortune five hundred million he had to sell his yacht but he does still

have his trusty stretch my back well she never fails to show off her manner which is rise to riches is a story precious the real until now his turn in the witness stand has lifted the need on a mike in the shadows he revealed how some of his companies employ primarily disabled staff and a lucrative thirty percent tax breaks and he came clean on the piles of cash he paid for protection as he dived into the infamous salad million walls of the ninety's where we now know someone was murdered every three days not exactly the clean cut image one of britain's most loved foreign imports. to i think it was in the war movie with the only difference between a rotten people and here is p.r. good preserve the very image of him he doesn't really come across aggressively that we say anything at all he wants to go respectable and suddenly we're all made aware of the rather sort of see the origins of his wealth it's a third of that wealth but he claims is he's still

a wanted man in russia he's suing mr and promote it for six and a half billion dollars they set up the oil company significator in the ninety's to better results he claims he was blackmailed into selling his stake in a fraction of its true worth a mere one point two million dollars the money here is massive the case is expected to smash the record for the u.k.'s most expensive privately funded litigation is thought to be costing eighty dollars a second in here as were the legal fees mr every move it is a route to be sixteen million dollars a girl results of their work cut out there are no win no fee basis the pair used to be close mr b. . he gave his protege the all important leg up into the world of the super rich and we now know he was paid for his troubles but mr a says that was just protection money and knowing they were ever business partners it's that claim this case rides on but there's no concrete evidence after all this was ninety's russia and none of

their deals were written down by week c.n.n. i've counted the cost of nine billionaires five russian one one news becky wall israeli one british the crown prince of abu dhabi is suddenly involved for transferring one point three billion dollars from one to the other not to mention few just strange deals records of meetings that maybe never happened the whole thing's extraordinarily bizarre you try to piece the whole thing together which becomes another difficult task because you don't know how much of this is even anyway true according to mr pease lawyers mr a has hidden his billions in a complex web of offshore holdings so even if i missed a beat those when you have a difficult task it's correcting any money with so much at stake it's painstaking progress the battles expected to go on into the new year after bennett's artsy london a three man crew bound for the international space station are just hours away from left off from the baikonur cosmodrome in kazakhstan this is the first manned flight

after the us retired its space shuttle program russia is now the only nation capable of taking crew so that i assess but this launch follows a string of problems for russia's space agency in august and unmanned progress supply vessel crashed back to earth shortly after takeoff and more recently the last contact with the ground mars probe will be live at the in our cosmic drama at eight fourteen moscow time for this morning's launch don't mess it. and remember you can always find more stories on our web site here's a glimpse of what else you'll find at our g. dot com. amanda europe for us dictator turns against splash mt spell of russian leader alexander takes a tough stance on freedom of assembly. but you can find a report by are also travel to russia's black sea coast to see how the popular resort is attracting growing numbers of daring water sports fans that's all on our

web our team that. you police are investigating fresh clashes in northern kosovo which resulted in a serbian man's death and two injuries gunfire broke out during a fight between ethnic albanians and serbs along the surface of a border late on wednesday earlier that day nato peacekeepers in the area used tear gas to quell resistance as they try to dismantle some barricades the u.n. secretary general says the tension has been caused by kosovo's attempts to extend its control over border crossings and the certainly the area political analyst alexander pottage believes there's a bigger picture behind those actions they've been doing it for years now and they've broken their mandate actually they're doing the job of being in control

government and prishtina and they're doing it openly in spite of their mandate from the un which is supposed to be a peacekeeping mandate to keep to the warring sides separated this is an aggressive show of force so really they're acting like an occupier is sort of the peacekeepers they're behind the crisis in greece they're behind the crisis in iran what we're seeing right now is the slowing of the new world this order and serbia is one of the flashpoints. the republic of south has taken to the polls in its first presidential elections since again to international recognition recognition in two thousand and eight there were no winner has been determined in the first round of the vote two candidates will now go through to a runoff vote the current emergencies minister on the only t.v. low and former education minister joya both gained around twenty four percent of the poll the next round is scheduled to take place in two weeks time. now to some

other stories from across the world a powerful explosion has killed six people in northwest pakistan the bomb was placed in a cart left on attended in the khyber province near the afghan border no one has so far claimed responsibility but officials how blamed previous violence in the area on taliban and islam is to militants this comes just a day after a dozen people died during a gunfight and a mortar attack in the same region. in portland police have surrounded occupy protesters in the central park after they defied orders to disperse officers used betimes and threatened to arrest if the demonstrators failed to comply the protesters are part of the larger movement which is protesting social and economic inequality and corporate greed in america and around the world. brazilian police say they've completed a massive operation to clear rio de janeiro's largest slum of drug gangs the rossini shanty town controlled in parts by local criminal groups is officially home

to seventy thousand people although some estimates say the real figure is much higher the project is aimed at cutting crime in the city ahead of the twenty fourteen football world cup and the two thousand and sixteen olympics. russia has ushered in a new era of energy security for western europe with the launch of the north stream pipeline it's now pumping russian gas directly to germany ruling out any rails with transit countries which had previously left european consumers out in the cold artie's daniel bushell watched as the receiving end of the pipeline was unveiled. wheel of fortune turns in europe's favor e.u. leaders hailed russia's first of a route that skirts tricky transit nations bill routes and ukraine with the gas rich middle east also unstable energy chief say the project's a boon in several ways and nothing nothing brings a different i think that's. a very important admission

a security officer with him and he's very travelled the world. he said in handcuffs security was very essential but the security comes with a hefty price tag the project cost some eight billion euro in fact stream operator goes from was told by many top home lists that the world's longest subsea gears route was doomed to failure this is the pipeline they said couldn't be built it's too long too expensive and take is that it was impossible that it happened think experts is down to the russian engineering brilliance that use that technique will . design off the pipeline that which is i think the best pipeline we have. for gas from watching the nordstrom's first line has started successfully and the second goes operational in twenty twelve together they can heat twenty six million

homes a year but more is needed because use has jumped even through the current crisis and supply call to keep up with predicted demand gazprom has given the strongest him so for the third line could also be built gold mean that if i will add all the capacity of existing and future by both is still not enough expansion or not steam will be discussed but is so thin some even call this project the first step that could take russia into the e.u. single market there are those who hold north stream will make the two sides friendly. we are trying to bring russia closer to europe even integrate europe and russia into a common energy space and if this space. be successful then we can think about creating and common economic space free trade zone as the first guest began to flow optimistic leaders were all smiles the next few months will show with little

streams really the start and the new era between the e.u. and russia or just another point during the new bush your faulty in germany. and a recap of the week's top stories shortly stay with us. from.

the limited. to. twenty years ago i just come from. the subjects of.