nation ships 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 a whole 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 thousand nine hundred 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 for 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 kind of plan to make sure that tehran 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 mentioned 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 been saying that the those u.s. plans are a little too in bishop because one of the main clause of that pact and question would include basically a need for seat 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 state 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 at the apec forum can only damage america that's according to george coo 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 has been on a steadily weakening trend for for quite a few years i would say since the end of the bush administration and in the beginning obama administration why because we're printing more and more dollar bills and one of the only country that has that ability and privily to print more money when we need to and the natural consequence of that of course is that we can

ng the dollar as far as being competitive or not being competitive i think. a lot of that is a structural problem in in the us you have high wages to a. certain protection and sentiments from from different sectors of the economy and and it makes it hard to compete on a worldwide market i say i attribute a lot of that make it to the mystic all it takes to the run up to two thousand and twelve presidential election it's really unfortunate because if they see it differently they could it was recognised that inviting 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'm welcoming and so hostile to chinese investment it's actually against our own interests they're all seem to try to outdo each other in

being anti china at this point. the way i see it though i think this is say the usual cyclical run up until we had a presidential election and everything will be back to reality after that and things will calm down. 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 artistic at that in a grouch of a breaks down the arguments. for the person on the street w t o membership will not be just something we'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices or when ford goods drop and domestic 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 pipeline should

they enter international markets they'll face very little competition. and this is raw so much the largest plant in russia's south producing harvested rushers is because food for months ahead and workers look inspired. 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 will tumble. agriculture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most step he will. the troubled mortgage giant of the vase 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. i think that's is the government's favorite child but not all car makers in russia are as cherished this used to be a thriving plant of musk reach open the 1930's most successful years were the fifty's and sixty's when hundreds of thousands of my screech chorus flooded the soviet and foreign markets after the collapse of the soviet union creech was in desperate need of money but the government could not afford to loss making copper juices and musk reach was crossed out. the only way to avoid the collapse of yet another industrial giant experts say is to use the transition period after joining the w t a 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 agriculture timber and come making but at a certain point the state's industrial dependence will have to let go of its hand and walk on their own two feet in the world outside it but that should also be a somewhat easier place to do business in with a reduction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the gretsch of a r t. coming up ethnic tensions on the rise there's fierce serb resistance in kosovo after fresh clashes result in death and injury. russia opens a brand new gas pipeline direct to germany as moscow moves to cement trade ties with the west. 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

a 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 this 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 sarah firth brings us the latest from rome. very nice of you feeling bad about the start of another working week on monday spare a thought for the former commissioner and mario monti has 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 no you usually job description certainly but everyone of 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 is currently deciding on who will form that new cabinet around him

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 of course these reforms long promised and we failed to see them be delivered safer but he faces an absolutely huge challenge ahead of him with a 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 dance a chance but 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 weekend but of course 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 need. democratic legitimacy he's going to need support and already there are questions about whether marymount 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 across that the public supports 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've spoken to said not of course conducive to good use which is exactly what the country needs right now he's

a very well respected economist in the country he's certainly going to be watching very very closely 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 super mario and everyone's going to be certainly hoping he's going to live up to that and he will need to deal with the challenges that lie ahead investment advisor patrick young says that unless they are take serious action no amount of power shifting will help solve its problems. i think the real problem here is the idea that suddenly overnight because we change the brand name of the man who will run the door of the office of prime minister we suddenly get a miraculous change in italy and the truth is italy has a huge amount of debt they need to sell that debt in 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 faith not just in italy but in fact in europe's called political leadership who are doing anything but leading nothing is being led in europe no solutions are being made and everybody is ultimately playing politics with the livelihoods of individual workers in europe and that's a disaster for everybody the euro itself is probably going to implode by the end of the ear perhaps even the end of this month on lest 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 sense 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 returns he thinks the conflict in syria is being fueled from abroad and could drag on for some time. many syrian soldiers have died in the conflict they don't normally report that here they just say it's civilians where are they getting the weapons from lockheed martin exhibiting in the dubai airfare said profits are up they said profits are very good in the middle east at the moment but what i think i fear and what many analysts may be fearing of the moment is that a saudi backed proxy war. or 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 phenomena with the united states and europe taking a kind of backseat or mustn't also forget that turkey has been actively involved in the even told us diplomatic staff and as i understand it was advising its citizens

to leave syria to turkey game here to the media is playing a massive game television station al-jazeera very obviously wanting the four of us out of the moment and the western media to every part by the un's atomic watchdog has heightened fears this week that iran could be developing a nuclear weapon israel's now calling on the international community to act despite being an undeclared nuclear power itself but russia is stressing the need for caution over what appears to be an inconclusive report iran's brushing the allegations aside 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 in political scientists mohammad marandi says the i.a.e.a. is findings are biased and deeply flawed. the whole report itself it's based on forged documents there is absolutely nothing new in there for all the documents are

from the year two thousand and four and before there was 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 the sodium sort of to the united states no one in the world believed it because it was so absurd this now comes right after that this report if you can if you look at the western media the corporate media they're all saying that this is new information it proves that iran is trying to produce nuclear weapons where in reality all the documents go back to two thousand and four and the previous years all of been refuted in the past the united states has never provided the i.a.e.a. with the documents this shows that this is basically an attempt to create. pressure and to to move public opinion against iran. in london to russian billionaires go head to head exiled couldn't bodies because of ski and chelsea

football club owner i'm on a bottom of it are locked in what's said to be the most expensive private court case britain has ever seen our correspondent ivor bennett has been monitoring the hearing. it's been dubbed the battle of the oligarchs in one corner is mr a estimated wealth fifteen billion assets for yachts chelsea 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 which he never fails to show off. which is rise to riches is a story precious few knew until now his turn in the witness stand has lifted the lid on a life in the shadows he revealed how some of his companies employed primarily disabled staff landing lucrative thirty percent tax breaks and he came clean on the piles of cash he paid for protection as he dived into the infamous alimony and wars of the ninety's where we now know someone was murdered every three days not exactly

the clean cut image and one of britain's most loved foreign imports he did want to i think it was in the moment you know the only difference between a rotten p.r. and here is p.r. has been very good presents a very banal 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 of the rather sort of see the origins of his wealth it's a third of that wealth that. claims he's 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 soup left together in the ninety's just a bit as he claims he was blackmailed into selling his stake at 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 for the legal fees mr abbott is rumored to be sixteen million

dollars a barrel lawyers have their work cut out there on a no win no fee basis the pair used to be close miss to be. 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 denying they were ever business partners it's not claim this case rides on but there's no concrete evidence after all this was ninety's russia none of their deals were written down five weeks in and i've counted the cost of nine billionaires five russian one cause one is becky paul 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 pujol strange deals records of meetings that maybe never happened the whole thing's extraordinarily bizarre you try and place 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 b.'s lawyers mr a has hidden his billions in

a complex web of shore holdings so even if mr b. does win he'll have a difficult task extracting 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 crews to that i assess but this launch follows a string of problems for russian space agency in august and unmanned progress supply vessel crashed back to earth shortly after takeoff and more recently the loss of contact with the phobos ground mars probe will be live at the baikonur cosmodrome at eight fourteen mascot time for this morning's launch don't mess it.

and remember you can always find more stories on our website here's a glimpse of what else you'll find at our g. dot com. demand up here of the last dictator to. parents again splash mt spell of russian leader alexander takes a tough stance on freedom of assembly. plus you can find a report by our 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 page at our team dot com. 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 serb kosovo border late on

wednesday earlier that day nato peacekeepers in the area used tear gas to quote resistance as they tried to dismantle a sort of barricade the u.n. secretary general says the tension has been caused by kosovo's attempts to extend its control over border crossings and the serb downloaded area political analyst alexander pov it believes there's a bigger picture behind me those actions they've been doing it for years now and they've broken their mandate actually they're doing the job of the albanian 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 he said 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 sawing of the new world disorder 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 however 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 only b.b. love and former education minister alla joy of are 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 have blamed previous violence in the area on taliban and islam the 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 a central park after they defied orders to disperse officers used with tons and threatened arrest if the demonstrators failed to comply the protests 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 two thousand and 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 raul's with transit countries which had previously left european consumers out in the cold

daniel bushell watched as the receiving end of the pipeline was unveiled. the wheel of fortune turns in europe's favor e.u. leaders hailed russia's first of a route that skirts tricky transit nations belarus and ukraine with the gas rich middle east also on stable energy chief say the project's a boom in several ways nothing nothing will bring additional capacity that brings a very important. mission and security off the rifle with that and he's very he's traveled the world. he said a man tough securely. very essential but this security comes with a hefty price tag the project cost some eight billion euro in fact nordstrom operate together as problem was told by many top ten lists that the world's longest subsidy just route was doomed to failure. this is a pipeline they said couldn't be built it's too long too expensive and take

nicknack they said it was impossible that it's happened think experts is down to russian engineering brilliance. with a technical. design off the pipeline which is i think the best pipeline we have. for gas from thought about 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 gas use has jumped even through the current e.u. debt crisis and supply can't keep up with predicted demand gazprom is given the strongest him so far the third line could also be built will mean that if i will add all the capacity of existing against your show by plenty 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 nord stream will make the two sides friendly . we are to. i will bring russia closer to europe even integrates europe and russia into a common energy space and if this is a space. be successful then we can think about creating and common economic space as a free trade zone as the first guest began to float optimistic leaders were all smiles the next few months will surely fuel streams really the stalls of a new era between the e.u. and russia or just another point during the new bush altie in germany. and a recap of the week's top stories shortly stay with us.

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twenty years ago the largest country in. the suitcases from. what i've been trying. to teach began the journey. where did it take the. path past the hour here's a quick recap of your headlines be a back summit in the mind sees asia and the pacific rim most powerful economies

start work on a possible game changing free trade zone this as tensions rose between beijing and washington which some analysts put down to point scoring ahead of next year's u.s. presidential election. the prime ministers of both italy and greece fall and new governments are appointed as their countries drift down to drown in debt mario monti has taken over and only on lucas papademos in greece both are likely to head up a tough technocratic governments and implement unpopular economic reforms. plus a un report claims around might be seeking to obtain a nuclear weapon but slams the allegations as a u.s. backed smear campaign iranian lawmakers are now reconsidering their country's cooperation with the i.a.e.a. which they're calling a disappointment. as north stream gas enters europe for the first time we hear from the man who's been in charge of the vicious project former german chancellor gerhard sure.