small people have been found alive following sunday's sinking of an oil rig appear to be off to rescue a said life raft discovered near the site was empty sixteen people have been confirmed dead so far. north korea's longstanding leader kim jong il dies of heart failure at the age of sixty nine his death sending shock waves across the reclusive country is youngest son has already been named the successor. explosive mood in kazakhstan as fifteen people are confirmed dead and dozens more injured in a series of rallies spot by striking oil workers. our top story in business the countries to stock exchanges have completed their merger as part of the government's plan to promote glasgow international financial center journey from

one that another story on. world news and much more twenty four hours a day this is r.t. no people have been found on the raft rescue was discovered on the site where an oil rig capsized on sunday this is shatter the initial hopes that fifty more people could have potentially survived more than twenty four hours in the freezing waters sixteen people are confirmed dead with rescue operations still going on for thirty seven missing fourteen people have been rescued within the first hours of the disaster for more let's cross live to our grief says in the city of. close to the site of the maritime disaster jacob with the latest hope shattered so quickly what are the chances there could still be more survivors out there. well at present we

are dealing with lots of speculation and different reports but the chances seem to be quite slim and present as you mentioned initially the reports aim at actually there being a boat located a large boat located which may hold up to fifteen people in total didn't know the condition of their health now i've been told by immersion ministry that that isn't the case that they have spotted a lifeboat and located it but has nobody no survivors on board and this is a similar story to what we've heard throughout the course of the day and indeed yesterday as well where lifeboats life rafts be located but no survivors present and the hopes now somewhat dwindling because it's serious matter time has passed and still ticking over twenty four hours and those who may still be out dealing with a lot of extreme weather conditions minus twenty degrees celsius here second in under

water conditions not very good either and all of this being helped by the fact that those are trying to sue and find more of people alive have lost one their key. things to search with that is their airplanes and helicopters so that not helping the issue either while a grim situation as you say what about those who were rescued from the freezing water is there any news on their condition. well those all occurred yesterday and it's fourteen people in total now four of those were blown out sakhalin face further treatment days people by doctors that are actually in good condition and stable now as for the other ten well they're actually already deemed stable enough to stay on the boats which they're parked out of the water they're expected to dock

on land in next couple of days jake of all what do we know about why this huge week went down so easily so much a focus still at present on finding any possible survivors of course an inquest has already been opened and people looking to answer certain questions questions such as how and why one of the possible reasons being given so far is that water flooded on to this before it capsized and sank and gave very people very little time to get to lifeboats and to safety now there has been a fish to investigation already launched criminal proceedings as well and they're asking why this was towed is all request towed to port spite such bad weather conditions. ok for now jake agrees reporting from the cycling region thank you. of course i will be closely monitoring the rescue operation in russia's

far east to bring you all the latest instant updates also available on our twitter feed want to assert r.t. dot com keep on top of this breaking news story. north korea's veteran the that kim jong il has died at the age of sixty nine state media announced he passed away on saturday after suffering a heart attack kim jong il's youngest son kim jong un has been named his successor meanwhile as the news broke longstanding enemy south korea put its armed forces on high alert the government has declared a situation in emergency kim jong il's body is lying in state mausoleum in the calendar for a funeral service on december twenty eighth until then a period of mourning has been declared in the country and it's an hour away takes a look back at the life of a man who became a symbol of the reclusive state. a mystery to the world what now for north korea with its leader kim jong il dong this massive military parade was held

in two thousand and eight to mark north korea's sixtieth anniversary general can john wasn't there to greet the crowd reports suggested he suffered a stroke in two thousand and three reports claimed kim jong il died of diabetes and had been replaced in public by stand ins hired previously as a security measure he never spoke to the media had a profound fear of flying and ate with special chopsticks which could detect poison rumors have surrounded the so-called supreme leader throughout his life beginning with birth according to one source he was born in the soviet union in one nine hundred forty one during his father's exile well kim jong il's official biography claims his birth was heralded by the appearance of a double rainbow. our people take pride in the fact that they are blessed with great leaders from generation to generation. the leader of the democratic people's

republic of korea since one thousand nine hundred ninety four he succeeded his father kim il sung keeping korea close to the world kim jong il was also named supreme commander of the people's army one of the largest in the world with one million active troops and over four million reservist it's believed enormous funds allocated to its military might ate up north korea's resources needed to fight famine and other social problems but kim jong il and his regime tried to put on a different show when allowing the globe a glimpse inside one of the you know in our thoughts are the general john allen thank you so much you know after the korean war the demilitarized zone was drawn up sending north and south korea into very different directions. decades on the north remains a closed communist state the south a modern democracy an innovative success story north korea has caused global

outrage in recent years turns to patience by carrying out underground nuclear test and short range missile launches leading to us in un financial and military sanctions it is now not a matter of the united states and north korea it is really a matter of the region saying to north korea that it has to change its behavior russia has tried to be a mediator for peace on the peninsula by pushing for negotiations or a process in the asia pacific region is serious potential for conflict and there's no alternative but to set up dialogue and improve understanding between the soils in twenty ten new cars blew up around the north with talk of the possible next leader that's when kim john on became a four star general and first moved into line to take over for his father over saw tensions reach its highest point in decades after the north launched an artillery strike that left four dead south korea continues to hold large scale war games with

the u.s. and japan and want a conflict would break out if another attack was launched now came john on a young and inexperienced leader is apa helm who either open the door or continue to keep it shot this roadway station was built in two thousand and two with hopes of connecting seoul and palin yang but the north korean regime backed out at the last minute making this the last stop train heading back into the south now with kim jong il that there is new hope that perhaps soon we could see a train heading in that. setting light on the most secretive and reply. in the world and he's now our team korea. for that for more on what they this death could mean for the earth career that such talk to author tim bill and i just precious who's written extensively on the two koreas thank you for joining us here on how pivotal is this moment in the relationship between the two koreas do you think. difficult to say of course at this stage. if we have

a smooth transfer of power in the in the north and i think it's likely they. will. we will move forward perhaps not this year but the following year when the new government in seoul. and return like. the of the previous five years ago. if on the other hand those some sort of turmoil in north if the south think system is an opportunity. to collapse then we may get into the action from the start and then. who knows what will happen while if it came to your sons kim jong un has been named as a successor little is known about him really there although he's only in his twenty's how capable is he of running the country. got an idea of costs

being young is not necessarily. going to. look at the younger was at the same age when he four in the body and couple hundred years ago. so just because you junk doesn't necessarily mean that he's going to be. able to cope but he is also false not a lot of if you like uncles around he's embedded in a very experience extremely experienced to that regime so if that goes smoothly i think it's not necessarily a disadvantage and hopefully will be over and of course it's thought that he studied in europe but what bearing that that have on his his global that as it were especially that the frosty relations with the west. well i mean good frosty relations really. strong and clear but he always you come to the things we're going

much more when it's if you like of the outside well balanced father. did a bit of traveling but. didn't didn't study abroad and was his father. was busy fighting with japanese and so didn't have any experience and. that was all so this one comes in with quite a different one and i mean hopefully if he is given. the chance he will be much more. aware and capable of dealing with the outside world what we're looking ahead again mention the outside world america doesn't see much change a head really in the sixty how long leadership which it regards as an organized crime dynasty but well other nations try to open doors with north korea now. well i'm. american so i think at the moment it's not moving primarily because they want

to keep tension on the. opposite way of containing china so. that soule i would agree the americans want whether they will. decide that it's they want to come back and go we don't yet know but what is happening at the moment is of course. the relations between north korea and china and north korea and russia and then much improved. to eighteen months there is another possibility given. experience students in europe we might possibly get a. relationship with your neck could be very interesting ok author tim specialist has written extensively on that chris thanks for joining us here live in r.t. . fifteen people have been confirmed

dead and about one hundred others injured following a weekend of mass violence in western style the situation in the central asian republics remains volatile after deadly clashes between striking oil workers and police sparked more unrest across the region article posted off is in kazakhstan. it seems that the authorities resort to order in these parts of the country were these were this while and see erupted we've heard reports from the town of walked out on sunday in the west of the country were for over four hundred protesters gathered for a rally in front of the local building of the administration but for she knew that went on she's fully but the other rallies didn't go in the same fashion unfortunately for example on saturday a group of protesters blocked railway station and had to actually train into over three hundred people on board and also in the west of the country and one police

came in to disperse the crowd they see around fifty people or a pool against as they're called now by the authorities showed fierce resistance and they set a locomotive on fire they were throwing around malt of cocktails both at trains and at the police some of them moved to a nearby village setting things on fire there as well the violence erupted in the city of hours and also in the west of the country where on friday protests rally combined with the celebrations of twenty years of independence turned into a very ugly picture with broad just setting buildings on fire including state facilities story say that forty six buildings have been down they started firing warning shots into the air that didn't help to calm the crowd down they have deployed

a state of emergency in this town i was in i was in and we know that over sixty people have been detained after that including three russian journalists who are now been then released we will be of course monitoring the situation as it continues here in kazakhstan. coming up later in the program a battle of billionaire is back a money dispute between two russian tycoon enters the final straight to go on from london where the case is being heard. in the u.s. the uproar surrounding the controversial stop online piracy act is gathering pace with the judiciary committee vote for the into this week fears are growing that the law aimed at fighting copyright infringement will ultimately lead to censorship and the stifling of freedom of speech what is going to chicken explains. as the obama team travels around the globe preaching virtues of internet freedom but i'm

a big believer in technology and i'm a big believer in openness it is vitally important to every nation represented and every nation in the world namely internet freedom u.s. lawmakers may soon pass legislation that would make taking down a website as easy as a walk in the park the government would be able to shut down eighty sites suspected of hosting copyright material no court warrant needed the government doesn't just take down the infringing material it takes on the site entirely and it does it without even a trial to find out whether it's illegal or not and as you know copyright laws are extremely complicated there are lots of things that look like copyright infringement to turn out to be licensed in one way or another even a site like you tube which has a mix of different kinds of content under this bill the entire site could get shut down companies like google yahoo or facebook or furious over the pending stop online piracy act google co-founder sergey brin compared the bill to censorship

being china and you ran imagine my astonishment when the newest threat to free speech has come from the mother but the united states legendary computer scientist vin serve widely hailed as one of the founders of the internet itself said the legislation has the potential of bringing about unprecedented censorship of the web by using copyright as a wedge issue suddenly we're able to put this power in the hands of the government and then once they have it it can be expanded and expanded to deal with a whole range of other things program aaron swartz was under investigation for sharing united states federal court documents on the web in july he was arrested for downloading roughly four million academic articles from a protected computer he says the laws would make it very easy to silence internet whistleblowers any time a news organization or activist group or critics. tries to put up some internal documents that were leaked or things like that all those documents are copyrighted

for example we found e-mails from the people who made voting machines and a group at swarthmore college put them up on their website showing that the people who made these voting machines knew they were flawed and people could hack into the voting machines those emails were all copyrighted and that company alleged it was covering infringement to share those emails under this bill they could shut the entire site down prevent anyone from reading these e-mails of incredible public importance but not only could it affect freedom of speech but also businesses by potentially giving companies easy tools to drive competitors out of business they would have every opportunity to take action to disappear competitors and made heated debates congress postponed the vote the websites of the congressmen themselves could potentially be shut down under the proposed legislation because all of them post content that was borrowed from somewhere else like t.v. news clips what's even more ironic is that as the u.s. preaches freedom of era now to the wall that holds it might soon pass legislation

that gives the government sweeping powers to stifle web sources i'm going to check our reporting from washington our team. continues to be felt on the streets of the u.s. . its fight against economic injustice has online come to read about dozens of protesters detained in knots in trying to set up camp on the church property. don't use it to them as you can see the patient. i'm half financial for on the euro crisis explodes in debt expert analysis on the look on top with science. one of the biggest civil trials in british legal history is entering its final

stages with two russian tycoons in the spotlight very spirited off ski's suing the chelsea football club up a move which claiming more than six billion dollars in damages on monday out of over to his lawyer will start giving his final statement but then it is following the case in london. russia has a history of epic tales and the one playing out in here is up there with the best of them with no shortage of intrigue mystery and menace to former friends now foes as long as out over the small matter of six and a half billion dollars around every move it. used to be close just how close is what this case rides on is the verizon claims they were business partners equals in what became an enormous empire built on oil. and ill gotten gains he wants a bigger slice than the one point two million dollars he received back in two thousand and two is to add remove it meets cash payments were made to his former mentor but says this was just protection money

a necessary business expense at the time to benefit from mr bures or ski's political capital in trying to prove their stories both men have disclosed damaging details of their own as a way of trying to humiliate their rival even more mr and remove it even passed off one payment to bures or ski as an artificial transaction freely admitting he was a way around the money laundering regulations as for barry he claims his stake in sydney their company was twenty five percent but has been forced to come clean on how for several years he took much more than that sometimes even more than the company's own profits is this sense of lawlessness that his lawyer will emphasize in the closing statement of his defense he's already like a ninety's russia to medieval england and that's the get out clause both are using for their previous misdeeds the difference is every moment is using it also to show that legitimate business simply didn't exist at that time the prime minister vladimir putin has recently acknowledged that fact even in his recent televised q.

and a where he said this trial should be held in russia because that's where the money was stolen and that's where it should be divided. well sware around the world this hour rescue operation is now underway in the southern philippines after floods killed more than six hundred people and nearly a thousand more missing the typhoon hit on friday nights causing a month's worth of rain to fall in just twelve hours tens of thousands have been forced from their homes by the deluge the rescues currently being hampered by widespread power outages and flooded roads for the pin suffers about twenty typhoons and storms each year. landmark is very high last prisoner swap has been completed with the remaining five hundred fifty palestinians released under the egyptian brokered deal israel agreed to exchange one thousand palestinian prisoners israeli sergeant gilad shalit was captured five years ago first place in the swap took place in tobruk when she returned home and israel freed four hundred

prisoners. iran's state t.v. has released a video of the man it claimed was a cia spy and tried to gain access to the country secret service iran's intelligence ministry identified resigned martin. field in afghanistan agents kept track of him that he entered the country lost and arrested him when he tried to carry out his mission. but all the business news is up next now with korea. how we welcome to business here now to thanks for joining me this hour it's been called the deal of the year by russian business magazine company the country's two stock exchanges the r.t.s. and the mars x. have completed their merger with r.t. and i mean of course there are. financial experts have been debating and proposing this for years and the opening bell at the start of the traded they made it official but investors struggled to see the difference for the time being my sex

r.t.s. as it's now known will work under the same conditions offering the same services and they will also maintain separate indexes for the time being now the merger is expected to reduce transaction costs drive profitability and diversify the revenue pool and this is of course seen as a major step towards establishing moscow as a global financial center and some of the new bourses main priorities will be to lure more companies to list in moscow rather than of growth and also to attract more funds from local investors that another big reform is to improve the issuance of securities impulsion to enable easier i.p.o.'s locally and my six r.t.s. is itself planning an i.p.o. in two thousand and thirteen the capitalization of the combined company was estimated at four and a half billion dollars ahead of the merger and of course an i.p.o.

would give the company that boost that it needs but investors are of course waiting to see changes in the edition of news services they want to see and it's a great a trading platform as well as an integrated clearing system the president of the bourse promises there will be a detailed plan of action next year which will not only result in the new brand identity but which will also help create a world class one actual infrastructure in russia but you need merge stock exchange show will seek to lower firms to list in moscow and attract fung from local investors president. says this will require a great deal of work with state regulators. two key themes for us next year one is the internal investment and getting the pension system the life insurance mutual funds industry to start working collecting the money and investing them in the market those providing unique market support and.

liberalization the. legislation to me will. let's have a look at the markets now oil is down for the fourth straight day with the pressure coming from a stronger dollar and concerns about europe and that likely does trading at one thousand three dollars per barrel while the grand plan is that over one hundred and two and a half dollars. stocks in europe mostly lower with investors rattled by the news of the death of north korea's leader kim kim jong il pussy is down point two percent while the dax lowered just a notch but stocks in france for the most on news that situating revised the country's outlook too negative here in russia markets are also trading in the in the red pricing in the european news both the r.t.s. and my six percent down this hour energy stocks where are weighing on the indices of the price of the world now let's have

a look at some individual channels and markets banking stocks among the companies with the largest lender in almost two percent energy majors are also in the red with. the sun and food retailers are getting lower but need to start this hour. well that's all for now but don't forget you can always find more stories just log on to our website.

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