the latest summit of pacific powers in hawaii opens a financial can of worms between the world's two biggest economies. a new twist in the currency wars between the u.s. and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization of it growing into regime protests which critics claim are sponsored from abroad. and blasting off for orbit a crew of three had to the international space station the first since a similar rocket carrying an unmanned supply craft crashed back to earth.

it's ten am in the russian capital you're watching on t.v. live from moscow with me rima joshie as a gathering of the pacific rim split it all an economic heavyweights winds down in hawaii it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency practices i guess the future king reports from honolulu. it looks like a new cloudy chapter in the book of currency wars between the united states and china has certainly been opened here at the apec summit in honolulu as broca almost seen really mounting pressure at home to create more jobs and take a stab at a tougher stance on china he has been saying here in honolulu that it's time for china to start point by the rules of us currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the

largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. i. think there is any view a state where the occupy movement has little chance it's probably why despite the high concentration of politicians in wall street be quick socializing at the apec summit the only place people are willing to occupy here on mass of the beach is this one exception these protesters are against greed and social injustice they're against economic inequality and they're against china. who incidentally the mood at the podium was seen a little bit hostile i think we can benefit from trade with china and i want certainly to continue cultivating a. constructive relationship with the tribe. but

we're going to continue to be firm in insisting that they operate by the same rules that. everybody else operates on its political opponents were even in the later and happen to think that the. munis chinee got them all in on the ash heap of history if they do not change their version we have to have china understand that like everybody else in the world stage they play by the rules rules rules and again rules as a country that's been ruling the roost for decades the united states has never been shy of policing authors but as china's g.d.p. continues adding nine percent a year against the heat and a half percent growth in the u.s. there reprimand seems to be in china. conformities one of the top ballet you think that china is the overall also reflected in the country's political and economic policy if it's not that china doesn't play by the rules of factually quite the opposite what do you notice the things to have an issue with is that increasingly

china rule that they pretty much washington would prefer to keep it. as they use president hailed his new free trade asia pacific pact as a win win to boost trade in the region some in china to put as a predator effort to change rules need. free trade to be. in the eyes of the beholder it's a treat for you the protection provided that i get to protect. precious. industries. well. so it's always a dilemma. as the euro crisis continues metastasizing throughout the world and china is asked to shoulder the load many analysts say the west should keep in mind its old adage about he who pays the piper china is really in the driver's seat in many respects and this is coming out an awkward time for the united states

because the united states is clearly a declining power at the same time and is having trouble adjusting to what that means many chinese proverbs are difficult to translate into english if those developed money usually have exact equivalents. one of them is money makes the world go round the concept experience will be familiar to washington and progressively so. it's not going to our apec summit in honolulu russia is in fact pretty excited to host the apec summit next year in the far eastern city of logical stark basically russia is not only just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient in terms of reaching the goals of the group in terms of boosting trade investment so on and so forth it's also traditionally been a big mediator when it comes to certain misunderstandings between world players so

this is certainly a good role that russia can play when it comes to continuing to develop the goals of the fact gathering and of course last but not least you know versus the sessions of the world trade organization is something that the russian federation has been ready for for quite some time for almost a decade so certainly it's been ready to go this entire time so what better time than now to really spare have this gathering next year as a full fledged member of the w t o situation reporting there from honolulu well now we can talk to professor jill and you from the chinese university of hong kong thank you so much for being with us here in the program sir so president obama has repeated that china should play by the rules but love rules of the one china to play by can you tell us more. thank you it's my pleasure to be with you and get. i think personal well president obama. according to economics principles has a criminal a large following it's going to reserve so that you can make fundamental.

appreciation of the chinese currency i mean the so that the counter could reduce its exports to the developing world and they increase it for imports. so that we as a consequence of you people expect that if you will help rebalance the call the economy will relieve the global economic difficulties. well the u.s. also says the chinese trade and the currency policies are unfair but who are they in fact and therefore as we know one man's meat is another man's poison and also shouldn't be china acting in favor of its own interests rather than someone else's . that's a good question. i think. the kind of unfair trade and the currency policy. i mean. here. that it's created difficulties for the u.s.

to raise employment rates. i think the current difficulties of the u.s. government creating jobs the fact that. you have passed laws that. comparative advantage most of the traditional manufacturing industry. we trade is too hard to justify. moving production sizes back to that you so you hear china reduced its exports to the u.s. by increasing its interests. and the low wage emerging market countries that could step in to replace. us exports or itself most of manufacturing products within the u.s. so these kind of i think the chinese leaders are quite clear. upholding the chinese interests the national interests. he there are signs that the chinese leader is tough in its stance against the u.s.

pressure for. appreciation reason that we know that recent thread the chinese prime minister. took a tour through southern carvings of the promise that. he heard the form. of for export and the prices well. you know as we have seen lately interest of some of the western countries and u.s. is no exception is shifting east words as you've just been telling us there has been there have been a lot of developments in that part of the world but in your opinion why is the u.s. zeroing in on china. so much now you know i think one possibility possible really is that the u.s. the presidential election is approaching and. they try and you can use economy and they can use the currency you. are used to as people scape of gold for you as

a difficult economic if you like your. reasons for it that's why your theory is a theory or trying ok. all right professor joined you is history of the chinese university of hong kong thanks very much indeed for being with us here in the program thanks for the. asia pacific leaders in hawaii were also keen to shield themselves from the fallout in the euro zone in europe itself it's all changed as a technocrat governments take over greece and italy in rome and see you commissioner for humanity is starting talks to form a new cabinet to tackle debt or to serve earth explorers whether leaders that no one voted for will do a better job than the old crew. it was never going to be easy put it that suits unite europe seventeen countries of which are now in the one currency in the very beginning attracted fierce criticism we missed the beginning of a dishonest and downright dangerous german president. to revive the e.u.

constitution but to do it in such a way that you want to avoid referendums and keep member states some might now be wishing they'd heeded the warnings to one for no other than the state speaking to local police in the latest country to come under scrutiny we have been witnessing in the last. growing pressure from europe and i'm talking in particular from crohn's and germany hardly the u.k. certainly the european parliament and the commission it's going to start but the crisis is safe on senior leaders who quit and italy replaced by people who were never elected to office he made their way around brussels here it is really with berlusconi now gone doesn't. paying for reforms now need to be implemented to meet tough eating. for the first time since the crisis began talks have now begun to turn to the possibility of exits from the year all the creation of

a call here at countries like germany seem to be leading the way but i think it's not in the best interest of the germans to keep on going with this i think you know you're right you have behaved badly we're going to punish that's not a union in the united states of america they've behaved badly imagine taxes behaving badly and you think obama's going to we're going to kick you out of united states of america no they're not going to be calling stenson five year old republic has not gone unnoticed by struggling countries was this clear that those who waver spent less now face but painful story she measures the sense of being treated like a little tea school child. then he added to the growing strain community if it's only. world so to say there will expose much more france and especially germany to the times there are good must be up to the states to to express

a principle of the future not just their own country's book or europe as a whole your attentions have not called on this by the market you punish political leaders that uniting the beat and dealing with the crisis and struggling economies like italy that now cools off even. for the stakes it's really being considered by many the test case for the year if it fails and it could take down the entire fifth the big question now is whether or not those measures can be whether we'll see them going the same way as previous measures put forward by european leaders who say fails to come up with a convincing euro rescue service. and many more stories still to come this hour here in the army now well bongos tough military line discipline looks set to be introduced in some u.k. schools but won't make the unruly use perfectly behaved we investigate also. plan of budget cuts in the u.s.

threaten to hit those who guarantee america's security the hardest more in just a few minutes. syria has called an emergency meeting of the arab league in an attempt to reverse the decision which saw it suspended from the organization the freeze on the country's membership and accompanying sanctions received like support from the e.u. and the u.s. an overwhelming majority of member states voted for the measure to urge president bashar asad to stop eight months of violence but it also triggered new protests in attacks on the turkish french and saudi arabian embassies in damascus dozens more people were reportedly killed across the country on sunday in the latest wave of crackdowns on anti-government protests 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 conflict they don't normally report here they just say that civilians where are they getting the weapons from. exhibiting in the

dubai said the profits are up they said profits a very good in the middle east at the moment what i think i fear many analysts may be fearing 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 to 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 and also forget the turkey has been actively involved in this even build its diplomatic staff and as i understand it as advising its own citizens to leave syria turkey is playing a game here too and 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. three man crew bound for the international space station has successfully lifted off from the baikonur cosmodrome in castle stan it's the first manned flight after a similar so yes rocket carrying an unmanned supply vessel crashed back to earth

shortly after takeoff three months ago tom martin was on the launchpad for us. launch time with the baikonur cosmodrome these three men have gone up to join their colleagues on the international space station but they're late and unhappy about why it is a risky because you can never eliminate risk altogether that that's the bargain that you make for the privilege of flying humans in space and accomplishing what they do up there on the twenty fourth of august to supply rockets engines failed on its way up to the i.s.a.'s and it plummeted back to worth with a bang it was unmanned but all launches were put on hold but worries about the safety of soyuz rockets now the only link to the space station crew since the last u.s. shuttle flights in july. this crew of their launch date set back their relatives were especially nervous to talk to the program's crush what do you think about your

husband's launch coming up so soon. it's too difficult instead of not to talk about it with. the crew themselves though accept the dangers as part of the job. as we're upset about the accident of course but a very big project has some room for failure unfortunately this is not completely avoidable but we shouldn't dramatize the situation of the world we can see the rockets taking off. the watch. box. and so it was that rocket was lifted into place on its launch pad with deep sighs of relief all watched as the rocket blasted successfully into orbit leading the crew to experience what all the rest of us only dream about. we can actually consider good movie earth during the flight in the spacecraft or a british surely will have time to enjoy the better while an international space

station for that view and for man's future in space they say the risk. is worth it tom watson r.t. . the u.k. plans to get tough on gang culture by opening schools with stringent army like discipline the measure was proposed in response to the riots that shook the u.k. in the summer and while the plans are there is believed discipline is key critics fear it could actually tell you a problem use further are about explains. as the going gets tough the tough get going army boot camps are the places set out of line it's this culture of self control the government now wants to bring into schools so it's calling on the cavalry will former soldiers to sort the front line for the front of a classroom following the riots across the u.k. the government prostrating troops into teaching as a way it says to restore adult or thorazine wants to provide more male role models

even giving teachers new powers to use physical force as a way to control disruptive pupils it's not a bad thing for children to know where they stand on. if they step this side of the lie they will be punished accordingly if they stay on the right side of the line. there it in the confines of the law and they will not be polished it's a line few would be cross with a teacher like this and friends going to be headmaster at the new school where every teacher will be a former soldier uniform inspections and military style roll calls will be the polish of a strict routine when you can maintain discipline or war which is the most high pressured situation you can maintain discipline in a classroom in order but with corporal punishment now a step closer many fear it will push an already alienated youth further away i think they would start building their own gang as they've done to all the police now have the police behave towards our kids it's two gangs isn't it you could say

the police are a gang it would be the army kids i think would become more unruly and is generally takes in problem peoples the state system chucks out and turns their lives around according to teachers here it's about finding the right kind of stimulation rather than just cracking the whip they become unruly because they're bored putting discipline in isn't the answer just on the tone this is a plea yes prettily making sure that all something at their level for this sixteen year old that happened to be art he was expelled from school of the what he will only refer to as an incident and is still too afraid to be identified back then he was on course to fail all his exams but after just a year passed fourteen a far cry from someone supposedly too disruptive to teach. more discipline for children and schools keeping that wouldn't work for you. really why not

seeing the class of poor and cause as little talking interest rates works. so you can focus it wouldn't really want to put in this. individual attention was the only thing that this boy's education around but with a system that prides itself on conformance he could be only just beginning i have been it's oh it's he. and you can always find more stories on our website here's a quick look at what else is lined up for you today dot com. even if colonel gadhafi had lived another one hundred years he could not have killed more people than nato did during its bombing of libya that's what von syrian diplomat believes so watch his injury you can fold at r.t. dot com. and in the caucuses there is no winner in the republic of south the city's first round of voting was none of the presidential candidates getting their required number of votes find out who's left to fight it out in the second round at r.t. dot com. one person is unaccounted for after a fire broke out on

a cruise ship and moscow in the early hours of monday morning thirty one people were on board at the time most escaped unharmed only for reporting injuries a missing person is reportedly a crew member the cruise ship sergei abramoff was built in one hundred sixty and fully renovated in two thousand and three faulty wiring or a careless handling a fire is thought to have caused the blaze well this is not the first incident on the water in russia in the last few months in july nine people died when a boat glided would have barge and sank in moscow also in july the pleasure cruiser bulgaria saying on the volga river in central russia leaving over one hundred twenty. in an attempt to slash its huge national debt the u.s. is looking to cut wherever it can even the mighty to fans budget want to scape as the pentagon looks for four hundred fifty billion u.s. dollars in savings over the next and here is our military container believes the

pentagon chief should stand up for those who america's security depends on to be when the debates about their plans are going to cuts in before rage and especially when america and its allies celebrate the veterans the band the end of the u.s. marine corps and this provides a unique opportunity for the u.s. secretary of defense to trickle the question not what the u.s. marine corps can do for the parents again but what he can do for the u.s. marines and here are a couple of suggestions first to exempt the dinner eans from this sequestration and their personal cuts all across the military services and the reason apart from the marine corps anniversary and the reds the is u.s. marines can do anything and everything the u.s.

army is but they do it much more effectively and efficiently i doubt it's time take a look what's happening in business to me trees here early this. morning and welcome to business it's good to have your company it's only has no other choice but to exit the euro zone and bring back its national currency even if it means the collapse of the euro so says the u.s. presidential. also known as dr. six countries very silent or to go to italy spain and cyprus that have different degrees of economic fiscal and financial difficulties that one or more of them may need to a structure that uses private and public that's one or more of them they have to take to the euro zone different off of them exit the euro zone than that so frankly

implies a breakup of the eurozone well that may be slowing up europe but here in russia the budget position is reassuringly strong however as burbank's senior vice president things were growth believes there is no room for complacency and your books may be balanced but the russian economy still has a number of problems that need address. and russia is obviously in a very different situation maybe as as all countries russia faces challenges but those challenges are different. and in a fairly good short term position from a physical standpoint there are plenty from the serbs that the. pressure remains critically dependent on commodity prices and. there is some concern over the medium term fiscal. security of the markets this was trading near the highest level in more than three months that so musically a start to building a new government and passes an austerity budget easing three years of

a year crisis light sweet is still above ninety nine dollars per barrel brant is that one hundred fourteen. in asia stocks are up for their picking up from news in europe financials and real estate firms are gaining in hong kong so i know land one of the biggest gainers bank of communications adding around two percent tokyo listed stocks are getting a boost from news that japan's economy has grown in the third also following three quarters of contraction. russia's start of the week on a positive note with my six shooter in forward one percent in the first minutes of trade financials are in the lead was begbie to be more than a percent higher. cats are risen talks to acquire a stake in the arctic liquefied natural gas project led by russia's gas producer nova tech the amount project is expected to produce five million tons of l n g a

year when production begins in twenty sixteen and is to reach fifteen million tonnes twenty eighteen thousand energy minister mohammed al sabah says the country is keen to take part. up on is very much interested in the investments on generally it really doesn't and you can see me among his son an important point six and we are going to be interested. to. participate in the for. the. project and we are. in the discussions and negotiations are on one part of this comic over the noise setting up at cern bank in russia the french companies lend one ok.d. atheism that is opening a subsidiary in moscow with funding of four hundred million euros the bank will provide car loans and on the right dealerships of one of the of the mr not overrate

some twenty seven countries and makes a profit of seven hundred million euros a year. that's it from this edition of the business news on odd c. coming up next the headlines. twenty years ago when the largest country in. the sense of a sense of. what had been.

began a journey. where did it take them. susan . is. some. say. it's. coming.