pessimistic over tone and all of these economic needing even when it comes to china which is growing at a clip still nine percent the line on the agenda about that about china's outlook is why is there pessimism for an economy that's growing nine percent so that really kind of dictates the general pessimism about a lot that's going on in the global economy but we certainly will hear more of what officials they may be trying to sell their talking points for their respective countries their organizations today there have been some debates on capitalism where we've seen inequality brought up but those are on the first day i should mention the occupy wall street in this case it's occupy davos is here they've been here all week and they're shut out although occupy has been mentioned on the agenda been mentioned by klaus schwab you don't see an invite for those occupy protesters their actions are still limited to outside the doors of the forum and also when i went and spoke with them earlier this week when the forum had started though they said that no. or financial ministers or any of the billionaires here have

been to talk to them there so i don't really know how much the discussion reflects any of the really core concerns of people that are the one percent that form. we'll get more on the business deals that are being conducted at the world economic forum stay tuned for our financial update coming in just a few minutes. it's official a total of five men will run in russia's march presidential election the country's electoral body has confirmed its short list of candidates competing for the top post critter all over has the details from moscow. the central election commission of put the rubber stamp on the five names that will be running for the top job in russia on the fourth of march now those going for president will be glad to meet putin from the united russia party going to be sure god awful the communist side of the middle of all of their russia vladimir zhirinovsky from the liberal democrats and the independent candidate billionaire because that all four of those five do actually have their current jobs in office to do they are well but to be approved

is the prime minister the rest of the leaders of their respective political parties to help a lot of is the the the only candidate who doesn't currently hold office sodomy prince but he must be going about his job as prime minister he was in siberia a few days ago in his hometown of st petersburg to day. not so much campaigning as they say is really going about that role of being the pm we have seen as amy how brutal the only kind that doesn't currently hold office he's in siberia at the moment trying to show his face and press the flesh amongst those who perhaps maybe don't know who he is the the billionaire owner of the new york fed the new jersey nets is he is somewhat a familiar face in moscow and st petersburg he's going to to the the far east of this on the far east of the siberia to try and show his face there to make sure he can talk support as for the other candidates we've seen that image and also given the lib dems and setting it off from a russian speaking in the duma just behind me to say they are the leaders of their

respective parties the killing of support in their own way as is as a gun off from the communists so it is starting to slip into next year as we approach that election on the fourth of march. well one of the leaders of the international terrorist organization. has been killed in russia's north caucasus republic of chechnya during a counterterrorist operation he was also the head of the largest underground network in the republic known for carrying out multiple attacks across the north caucuses the man was responsible for an explosion at a local market in vladikavkaz on september twenty ten which killed nineteen people and injured hundreds the shootout between security forces and militants lasted several hours officials say two other gunmen were also killed in the exchange. well a new wave of violence has swept across syria after a massacre killed dozens in the restive city of homes activists say forces loyal to president assad were responsible for a barrage of mortar fire and attacks that killed at least thirty people when

a separate incident two hundred people were detained as security forces raided searching for weapons and suspects in the town of don't want the u.n. security council is meeting in new york today to discuss the nation's ongoing crisis the senior russian diplomat says moscow will oppose the latest western backed draft resolution which will call for the president to step down more than five thousand people have been killed since the uprising began last march. some other stories from around the world twenty six people have been killed in a suicide car bomb attack in iraq fifty three others were wounded in the blast which occurred in a mainly she had neighborhood of baghdad more than two hundred people have been killed in similar attacks since the beginning of the year. the u.s. plans to cut one hundred thousand troops in its bid for a smaller leaner military the restructuring comes as the pentagon prepares for

hundreds of billions of dollars worth of cuts over the next ten years the government will continue to spend around eighty eight billion dollars a year on combat operations in afghanistan tensions in the country are still high as the taliban counters western troops often leading to civilian casualties. and to new york where details of a shipment containing sixteen kilos of cocaine seized last week at u.n. headquarters have just been released the packages marked with fake united nations insignia was shipped from mexico through cincinnati an organization spokesman says neither the u.n. nor anyone located at the headquarters where the intended recipients officials believe it was the bungled attempts of drug traffickers trying to ship their contexts to the u.s. business is next to see with kareena stay with us. hello and welcome to our business update this often for joining me we go to our top

story the devils economic forum is displaying signs of a split personality this year the likes of the i.m.f. david cameron and george soros warning of potential catastrophe while on the other side a number of heavyweight industrialists who think much of the rescue work has been done all the while there's an ongoing discussion about how to remodel capitalism to create a fairer world now to discuss how to form a spotting out i'm now joined by a top berman head of investment banking at twenty dollars hello to you sir thanks for joining the program so how would you describe the mood in davos regarding the next twelve months on the line between terrified and cautiously optimistic. i frankly haven't seen anybody who's here for here at davos it's been outstanding opportunity for some of the world's leaders politically and commercially to come together and share some ideas about how to resolve the crisis not only in europe but some of the other global problems that we face today having said that i think

most people and i'm certainly i'm cautiously optimistic about a resolution of some of the issues that we face in europe today but i have not seen anybody who would display signs of terror i think this is been a great opportunity for dialogue and frankly for to push forward some of the solutions that are going to be important for europe over the next months but in general has the forum done anything to diffuse the idea of this economic meltdown in europe that we're talking about all the time. i think it's played an important part and you know the purpose of the forum and frankly the the reason people commit the time and effort to come here is really doing gauge in dialogue it's a really i think quite a unique opportunity for some of the leadership of across europe across the world in fact to come together and share ideas in an open and frankly very constructive way so i think that a lot of the solutions that have been talked about over the last weeks and months this is been an opportunity to move those ideas forward and whether there are concrete outcomes is probably less important than the fact that

a lot of the leadership of the world has come here in order to actually focus on these issues and again i think it's a been a very very constructive dialogue now looking at your company right now we see that it is looking to expand beyond the us can you tell us about those plans than and i mean who have been talking to at the forum about this. in fact the there are no concrete plans to expand beyond russia or the c.i.s. countries right now troika has just been acquired by spear bank we've just joined the leading financial services group an emerging europe we have an enormous amount to do just in our home market which is really russia in the c.i.s. countries so our focus first and foremost is going to be on our clients and our home market in the future there's certainly the potential to expand but that's not our immediate priority our immediate priority is to provide a first class banking service to our clients in russia and in the c.i.s. region but doesn't just quickly if you're looking to the future what markets are of most interest to you. well i think in terms of public markets the equity market is

very interesting today rushes a market where i think valuations are very very low or house you attractive dialogue is that we could see the r.t.s. closing up over fifty percent this year and historically russia is traded very cheap relative to other major equity markets in the world so i think there's a very positive sentiment around russian equities today and i also think there's a tremendous opportunity more on the corporate side for some of russia's leading companies to look abroad the assets are very cheap in particular in the euro zone today and i'd be very surprised if a lot of the leadership of russian companies don't look at ways to expand their franchises outside of russia c.i.s. and into the euro zone ok berman head of investment banking and tracker dogs thank you very much for your time thanks for thanks very much thank you very much for. and let's have a look at the markets crude is heading for a weekly gain in three on signs of economic recovery in the u.s. the international monetary fund though warns of a twenty to thirty percent oil price spike if iranian exports are disrupted brant

blend is trading at over one hundred and eleven dollars but bound is above one hundred dollars a barrel here being stock markets are mixed this hour u.k. stocks head lower with heavyweight barclays following the european sector south on worries over the sovereign debt crisis mining stocks are also lower as precious and base metal pressed prices fell shares of rio tinto is losing over one percent here in russia markets are trading flat struggling for direction and the r.t.s. is pointing downwards while the mars six is up just enough i'm not sure let's check out the biggest movers on the rise experiment is higher helped by news about its product ization energy majors are losing ground despite strong or price gazprom is down and the mackay continues to slump metal giant has increased production by seven percent in two thousand and eleven. and currencies the ruble is lowered to the dollar and made weakening global demand for risk and some profit taking and of the weekend the russian currency is also losing ground to the euro this hour and

the dollar has dropped against the euro. sold the business use i'll be back in about fifteen minutes with more here on the. well into the future this month chunks by particles that make up the fabric of the

universe find what you're looking for in the deep siberian forests prevent a fire with the help of lasers in fibers to plug your tablet of a new gaming image and i'm going to feature begin all of that here in novosibirsk technology i'm danged here on r.g.p. we've got the future covered. the line from moscow words three thirty pm the headlines shocking revelations in an already troubled post gadhafi libya has human rights groups accuse the military of torturing detainees to death a mystery international is ringing the alarm and doctors without borders has already pulled out of the city of misrata in protest at the atrocities. poland witnessed this further protest against the government's signing of an international anti-piracy pact designed to enforce intellectual property rights

activists on the streets a view agreement known as i believe infringe on their internet freedom and lead to online censorship. as the rain enron considers banning oil sales to europe preemptively eve's decision to stop importing oil from the country in july but as war rhetoric against tehran as glades in the west ordinary americans voice their opposition to any possible military confrontation. now peter the valid use cross talk gas debate what's in store for the new libya that's next. please. live. live. in.

low and welcome the crosstalk i'm teetotal about libya intervention like in the specter of civil war libya's transition away from the khadafi regime is proving far more problematic than nato planners had ever anticipated central civilian control is an illusion and tribal loyalty is strong it would appear it is a lot easier to take down a regime than to establish a new order. to take you. live. to cross not libya i'm joined by dr venter while in hanover he is an associate professor of government at dartmouth college in paris we cross to the end of jonestown she is an independent political commentator and author of fool's crusade yugoslavia nato and western delusions and in london we have nick mayo he is a foreign correspondent for the sunday telegraph all right folks this is crossfire that means you can jump in anytime you want and i very much encourage it and i'd

like to first go to diana diana is the the intervention that we saw nato undergo was it an intervention without responsibility because libya is a mess and it's getting messier all the time it particularly in light of the last few hours a day or so of torture charges in the n.p.c. is proving to be very very inept. well that was perfectly foreseeable. when you when you go in and change a regime by bombing you you're causing chaos. and they didn't seem to care that they were going to be causing chaos because they didn't like gadhafi and they seized an opportunity to get rid of leader that they didn't like figuring perhaps wrongly that anything would be more favorable since any new leaders would be grateful to them for coming to

power but that definitely remains to be seen ok nic if i go to you. i'm going to do a play on words here i mean a lot of people see there was an illegitimate use of force with the u.n. resolution one nine hundred seventy three to overthrow gadhafi and because of that it would make use of force we see illegitimate use of force also now after the fact in libya because there is no legitimate use of force by any central government. well there is real chaos on the ground in libya at the moment as a problem with militias as you say have been large numbers of people detained large numbers of people tortured. we think and there's there are many problems with the m.t.c. it's a very weak ministration it doesn't really have that much legitimacy there's been no proper elections yet but i think you have to remember that most libyans expected that they realized that there would be a certain amount of chaos after the fall of gadhafi this was

a dictator who was in power for four decades and of course there are lots of pent up resentments there are lots of conflicts between tribes and groups and cities in libya and there is no government at the moment to sort these problems at home nic if i can stay with you how do you get it into internet banking trade sector. of well it's not civil war yet but i don't think it was anywhere anywhere near that but don't you think it's very problematic that you have western countries recognizing the n.p.c. saying this is a legitimate government in libya when the libyans themselves in have a chance to say that did anybody even ask them. well i was in bangor shortly after the revolution broke out and people were absolutely begging for nato to intervene before just before where there were also strikes because people go ahead jump into and that's the point of the program go ahead there i mean there always you were in benghazi everybody knows that benghazi is precisely where the

opposition was at what a month after that you had huge demonstrations in tripoli in favor of retaining the regime or at least against the nato bombing so you can see the people there were some people that you saw that wanted this and there were others who didn't and the point is that an age old to choose to go with the ones that they knew that they were arming by the way as we find out later and that they encouraged to revolt knowing that they could get western support ok dirk why don't you get your letter very very difficult to find anyone in tripoli and possibly anyone anywhere in libya . to agree with you on that of course there were large demonstrations in favor of gadhafi there were people who were being paid and that i was in a little i was in tripoli in august and for something they were you know that you know that. they were really. very very popular there are

going to try to counter revolution hi folks come on folks it's going to jerk and. hand over your shoulder and your beer you can call anything you can get a bunch of thugs to where i want to say this is a little bit and there's a very very simple somewhere you know you have. the french and you have resolution and nine hundred seventy three that has been accepted by the internet evaluate which the united nations because the resolution of this is a matter of cost and very careful consideration to what would need to have libya and frankly deliberations at that particular point in time remember when the libyan the robot of the slaughtered in benghazi libya. were anxiously asking for intervention now you could argue as you know yourself they're arguing don't kill the nato intervention the really went to beyond what nine hundred seventy three allowed but nevertheless you have a government in place that is as was mentioned not elected which is

a problem there certainly is an enormous amount of chaos and chaos may probably deepen over the next few weeks in the next few months but overall i think the alternative that particular as you were looking at libya and september and october and so there really was no alternative and so yes you can argue that the international community who went to florida to responsibility to protect wasn't really implemented very carefully but i think in light of the difficulties that the country faced today west and the libyans themselves faced enormous difficulties and that in the end i think everybody agreed that the regime change was almost an inevitability well it's well intreated once you say it when she once you say that when you say there's a no fly zone and we see this going on now with syria he must go then it is inevitable because in the west doesn't back down and it uses force here nick if i can go to you the problem here we have here right now in building

a democratic state in libya and i think everyone most everyone wants that there's no state institutions should you be building state institutions first before you start doing that are you putting the horse before the cart. there's a terrific problem in really the world how do how do you how do you feel the government in a in a country that's really never had any experience of democracy. i have to say i was very impressed in my time on the ground in libya with the people i met i met a lot of libyans was all different social backgrounds who want democracy they believe they can build some kind of democracy it will be a libyan democracy an arab democracy it will probably be quite different to the kind of democracies we have in the in the west but most people don't think it will be easy there are a big economic problems to deal with there's this terrific militia problem there are lots of young men with weapons with no jobs for them to go to that and i think

a lot of the libyans i know are quite disappointed with the record of the m.t.c. so far they would like to see a government that sin has more control and certainly has more control over the over the over the militias and i think this is becoming a problem for libya at the moment elections you bring up a very good a few make you do you really have a very good point that you and me are very much a hole that we haven't heard from much from the i can do you know only lead going to europe because he hasn't said as much here go ahead. i mean you know the debate the basic issue is that this is a country that for forty two years under gadhafi has seen a very systematic destruction of all the kind of modern institutions that you need to really make a modern state work and so in a sense the libyans are asked to really start with a target or as i would absolutely nothing and one of the problems is that in a sense first of all there is the issue that the t.n.c. is not truly a legitimate entity within libya but the other problem is that is

a matter of timing and that is there are an enormous amount of demands being made for order for economic handouts for all the. as of things that the modern state does and there are indeed there are not the institutions there. in a sense the t.c.'s as an old modern state building experiments they're running against time and they're going to lose a lot of battles you can only hope that in the long run and particularly with the help of the united nations and so on that these institutions get created that the central government the successor to the t.n.c. is able to get what is called a model up only of violence that it can control the territory and that eventually these institutions will be created to bit by bit it's a long process the libyans were very aware of this the kind of talks of that took place at the united nations last summer for three months where the united nations was thinking very systematically about what libya needed

indicated that there would be major problems and i think we're seeing that also doesn't mean that it necessarily has to end in chaos but it certainly means that the process could be prolonged and pretty messy go ahead diana go ahead and i think a lot of these things could have been foreseen when the bombs time are we willing to go back. may i mean i please go back to. first of all the statement that there was no alternative at the very beginning when there were the first people heard which turned out to be propaganda and iranians about. bombing his own people there has been pretty well this proved since then now at the very beginning there was an opportunity and there were offers from latin america from africa to mediate to find some kind of compromise to find some evolution now the fact is that colonel gadhafi was mortal like every human being his regime

has lasted probably too long but was not going to last forever because. if we die all of this and perhaps there was a way to. goal for evolution and evolution toward changes that would be more democratic and so on but when you come even from the outside here and i'm you know noses you create resentment to me and many to me is just downright mean to be made right now how are you going to bring one of those and after a short break we'll continue our discussion on libya state with our team. player can see. the lead. of this nature and discover its beauty.

communicate with the wild and. test yourself and become free. to. see what nature can give you. a mission free accreditation free transport charges free. arrangement free. free studio type free. download free blog counseling videos for your media projects free media to our teeth tom. slade and a sister to. the lead.

welcome back to our all star time here also mind you we're talking about what's going on in libya today. and a slum. ok before we go to the break and all the mayhem you wanted to say something so go right ahead. well i just want to take issue with what was just said about there being alternative store they actually have yes there are countries that try to start a diplomatic process you may remember that president zuma of south africa went to libya a couple of times the african union tried to intervene but remember that very systematically from the beginning gadhafi refused to negotiate the refused to consider any kind of alternative to the invasion that actually then eventually happened it was said in his defense that his son safer as lamb also try to intervene and that say for the islam could function as an intermediary but you may remember that very famous

interview that's a full islam gave two days after the uprising started that he himself was threatening to shoot everyone literally like rats in a barrel as he put it was dancing on top of an s.u.v. . in his hand there really were no alternatives anybody who makes you believe that gadhafi was willing to negotiate at that point simply does not know what the diplomatic process looked like that summer last year ok if i could change gears a little bit here next. week when you were you was or he wasn't it's their country it's not ours and you're talking as if we have a perfect right to sit here and decide what other countries should do i disagree basically with that i don't think it's up to us to decide we're going to remember this is the resolution. of the united nations this is the united nations resolution and it was adopted in the international community i had the right of your not only for that rather than telling the whole world what to do you just have this same old

imperialist mentality that you have the right and the power because you have the power to tell other countries what to do and i basically disagree with that ok. do you do you think the right to protect doctrine is dead now or is it is severely undermined because of what. happened in libya or strengthened the other way. well i think libya was an unusual case it's hard to see how the right to protect can be applied to somewhere like syria for example you know when they read my mind you read my mind exactly ok. but i think i think its use in libya as was very successful this wasn't regime change it was a revolution and all that happened inside and what whatever they were there we didn't want to be in every instance to start that reformation a clean with no injuries each agency and when it did it wouldn't have been received if there.