our top story in business the country's two 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 out there 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 fifteen 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 greaves in the city of linz close to the site of the a maritime disaster take up with the latest hopes 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 emergency ministry that that isn't the case that they have spotted a lifeboat and located it but has nobody no survivors on board 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 serious amount of time has passed and still taking 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 then 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 flown out sakhalin to face further treatment days be brought by doctors they're 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 plucked 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 in 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 it's all request towed to port to spite such bad weather conditions. ok for now jacob riis reporting from the cycling region

thank you. well of course i will be closely monitoring the rescue operation in russia's far east to bring you all the latest instant updates are also available on our twitter feed want to assert r.t. dot com to 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 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 caledon before a funeral service on december twenty eighth until then a period of mourning has been declared in the country and it's on our way takes a look back now 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 grade 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 all 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 for their own you know on our father the general. thank you so much others 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 and innovative success story north korea has caused global outrage in recent years has two patients 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 in the asia pacific region this 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 mind to take over for his father november 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 kim john on a young and inexperienced leader is up a helm and will 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 would see a train heading in that. setting light on the most secretive and reply. in the world and he's now artsy korea. by that for more on what they this death could mean for north korea that such talk to author tim bill and i just precious two has 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. it's difficult to say of course at this stage. if we have a smooth transfer. in the north i think it's likely. it will. we will move forward perhaps not this year but the following year when the new government in seoul. get a return. of the previous five years ago. if on the other hand those some sort of turmoil in north if the south think systems market unity. and the collapse then we may get into the interim promised us and then. who knows what will happen no one ever came to our sons kim jong un has been named as its successor little is known about him really there although he's

only in his twenty's how capable is he of running the country but got no idea of cost being young is not necessarily. going to. look at the younger was at the same age when he fought in a couple hundred years ago. so just because you junk doesn't necessarily mean that he's going to be. able to cope but he's also force not a lot of if you like. 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 it will be over and of course it's thought that he started in europe but what bearing does that have on his global that look as it were especially that the frosty relations with the west. well i move across your

relations really. unclear but you know all this you come to things we're going much more when it's if you like of the outside well now it's father. did a bit of traveling but. 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. 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 are you 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 ground. where contain china so. that soule i would agree the americans want whether you 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. 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 deepening relationship with the neck could be very interesting ok author tim specialist has written extensively on the two koreas 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 kazakhstan 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 piskun off is in kazakhstan. it seems that the authorities stored 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 fortune knew that went on she's fully. the other rallies didn't go in the same fashion unfortunately for example on saturday a group of protesters blocked really station and had to actually train into over

three hundred people on board and also in the west of the country and when police came in to disperse the crowd they see around fifty people of color guns 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 also as you know as 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 authorities say that forty six buildings have been down as 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 went over sixty people have been detained after that including three a russian journalists who've been then released we will be of course monitoring the situation as it continues here in gaza . coming up later in the program a battle of billionaires make a money dispute between two russian tycoon enters the final straight to go on that 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 later this week fears are growing that the more 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 am a big believer in technology and i'm a big believer in openness and 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 the 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 to get shut down companies like google yahoo and facebook are furious over the pending stop

online piracy act google co-founder sergey brin compared the bill to censorship in 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 vince 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 programa 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 critic. 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 copyright infringement to share those e-mails 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 shot 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 internet to the wall that hold it might soon pass legislation that gives the government's 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 swati don't come to read about dozens of protesters detained in i'm not trying to set up camp on a church property. thought she said it to them as you can see. i'm half financial on the euro crisis explodes in debt expert analysis on the log onto our web site.

one of the biggest civil trials in british legal history is entering its final stages it two russian tycoons in the spotlight very spirited off ski's suing the chelsea football club owner mark up a move which claiming more than six billion dollars in damages from monday out of overages lawyer will start giving his final statement bennett 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 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 which 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 adam overage 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 berries or ski he claims his stake in sydney for 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 and 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. elsewhere around the world this hour a rescue operation is now underway in the southern philippines after floods killed more than six hundred people and left 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 the pain 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 more than one thousand palestinian prisoners israeli sergeant gilad shalit was captured five years ago first place in

the swap took place in october 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 resign martini and field in afghanistan agents kept track of him as he entered the country northwest and arrested him when he tried to carry out his mission. but all the businesses up next with korea. are welcome to business here and out here 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 as authorities and i mean of course there are as the details. 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 broad and also to attract more funds from local investors that another big reform is to improve the issuance of securities impassionate 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. when you get merged 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. i think 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 of the corporate legislation to enable. 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 they're likely just trading at ninety three dollars per barrel while brands plan that over one hundred and two and a half. stocks in europe mostly lower with investors rattled by the news of the death of north korea's leader kim kim jong il put his down point two percent while the dax lowered just a notch but stocks in france foremost on news that. revised the country's outlook too negative here in russia markets are also trading in the in the red pricing in the european downbeat news of the r.t.s.

and. the sands down the sour energy stocks where are weighing on the indices of the price of oil goes down let's have a look at some individual travel markets banking stocks among the companies where the largest legacy to be dropping almost two percent energy majors are also in the red with. the sun and food retailers are getting lower but need is dropping to start the summer. well that's all for now but don't forget you can always find more stories just log on to our website.

here in bygone days dog sleds were vital to get around. but today they're more leisure than life line. one drives people to quit their modern lives and settle in remote woods. one finds them up to survive in the freezing cold. a new beginning in russia's nals discover the arctic circle on r.t.e. . wealthy british style. that's not on the rise. market why not come to. find out what's really happening to the global economy

with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on are. you watching our table costing life and from the russian capital the headlines for you now hopes that more people have been found alive in russia's far east following sunday sinking of an oil rig appear to have been dashed off a rescue a set of life raft discovered near the site was empty sixteen people have been confirmed dead so far. north korea's longstanding leader kim jong il a died of heart failure at the age of sixty nine his death sending shock waves across through music country and the whole region his youngest son kim jong un has been named as his.