gathering a strike tens of thousands of people in spain unite in protest against labor and forms a day before the new prime minister announces a fresh round of austerity measures. the arab league split over how to deal with the syrian crisis has some members advocate diplomacy others want to arm the rebels and weigh in with force. plus the five member bloc of the brics countries take on the almighty dollar enduro individual for the global economy by creating an alternative to the i.m.f. .

eight am in moscow i met reza good to have you with us here on our team our top story tens of thousands across spain gathering for a general strike to protest against new labor reforms seen as the first real test for the new prime minister mariano rajoy who's government has only been in office three months the strike comes a day before he's expected to announce more painful austerity measures artie's chaika greaves has bore from madrid. this is just a precursor of what we're expecting to see taking place later on thursday when tens of thousands of people thought to be descending where essentially we're during mission action a story right in the cases across the. country all part of a chance right now to those so limited transport links so we have heard the saying go oh yes they will the prince who complains of. the labels and said

by the government they think they support the boy or they don't really protect the rights of the work they mean people should be sat down to reason and have their wages simply lowered oldis in the face of striking unemployment that was twenty three percent of the population is that living on the lawyer that pushed by others thought of all those men the countries and when you put this in context of those under the age of thirty c. even the worst thing about fifty percent of that force and should have been all the protests taking place throughout the course of the year we saw a problem want to lend stuff already exists to the trade police and demonstrators is the police were accused of being heavy handed is surging in the circumstances the tension is expected to begin the. friday that is when the country's prime minister seeking to pass a budget this time again

a tossing the deficit these are issues to be very very severe possibly alarming so many of the public also ten should be cross still staying busy studying prime minister said the spanish condition is something that could infect the rest of the eurozone over this coming on the banks of the bank by announcing the country sent to the second recession. for more on the spanish strike you can click on r t dot com for all that and more here's a taste of what's online right now as well as panic for petrol drivers in the u.k. hit the problems after being warned of a possible fuel tanker strike. and facebook faceoff u.s. employers asked people to hand over social network passwords when applying for a job.

the. conflict in syria raging despite a un backed peace plan the arab league is meeting to decide on how to mediate a solution not all members though committed to diplomacy with some openly calling for military action damascus says it won't accept anything the league says after the body suspended syria's membership last year sarah ferguson will. it's the first time that the arab league summit been held in iraq city decades and it's expected that the arab league ministers who gathered there are going to be inducing and six point peace plan that of course has already been formally accepted now by the syrian government now that's understandably been met with some criticism from members of the opposition he say that he's made promises before that he's felt that the liberals they certainly are the message coming from the opposition is that they're going to be looking for actions and not just words when it comes to that.

the meeting in baghdad at the moment so far has not been seen as having started particularly he said lace son of the country's guitar in egypt and their top diplomats t. that gathering possibly. in part perhaps to the fact that there is a difference of opinion of course remember amongst many of the countries participating in arab league summit you've got countries like it's very much been pushing for arming the syrian opposition and calling for our troops to be sent in to intervene in syria iraq's foreign minister has said that the country doesn't support foreign military intervention in the country but they are behind the syrian objectives and the bit of the people in syria calling for freedom and so there is of course you can see there a difference of opinion i mean all eyes are going to be on this meeting to see really whether the arab league is able to bridge some of these divisions that we

see really minor progress in the past and we talk about the syrian opposition you've got the syrian national council which is the sort of outside body and as we see in full they very much try to pitch themselves as exile government in waiting in much the same way as libya's n.c.c. operated but the reality is that it's been a very different situation for them inside the country you've got different opposition factions you've got the. me of course operating inside syria and say one of the main criticisms leveled at the syrian national council is this simply not representative and of course you then go to this infighting which really does have to the places that they're making say one of this extremely concerning and very much everyone is going to be looking to see some sort of unity i mean. according to these countries now in these different factions to be speaking with one voice and unfortunately it does seem that there's still a lot of in decisiveness and a lot of bickering that is going on there everyone's very much on the same page

when it comes to putting an end to the violence that's just no one really seems to be how they go about stopping it will stay with us here at r.t. still to come this hour african spring we report on the latest situation in the west african country of mali by a military coup which saw its president overthrown. report on the rising number of americans dissatisfied with having only two real choices. but for the world's five leading challengers are economic challengers are banking on serious change the brics group of countries want to creation of a new development fund as an alternative to what they consider a western run i.m.f. and world bank there i mean to break the spell of the dollar and euro is the main reserve currency used artie's korea srifa as more for media. today is the main day of the course and a great summit leaders from the world's top the merchants part of these personal

russia india china and south africa are here in new delhi to discuss their strategic partnership together these five countries account for purity percent of the world's population right now they are expected to make up almost impossible to global treaty in the next eight years by twenty twenty many analysts are predicting that because of these countries rolling economies they're actually going to have more clout in the political realm is bluff now we're seeing many of these countries russia and china for example getting up to last year in front street on major issues that are going on in the world like syria russia and china recently with both sides that they value the u.n. secretary general a whole fiance plans for a cease fire in syria we're also seeing the issue of iran many works countries are standing up on that issue as well we have india china and russia that are saying that the western sanctions on iran are not going to work earlier this year the

brics countries were also talking about bailing out europe up from their financial crisis one of the top things that said to be discussed here at the fourth annual bric summit of is the possibility of a joint brics being the conservative some sort of alternative to leicester in led financial institutions like the international monetary fund and the world bank these leaders are also expected to discuss an alternative to the dollar as the global reserve currency in the world have some sort of break the fast it currency the brics countries will be starting agreement today to give loans in their national currency another move not that these countries are coming together to shoulder their top anomic clout and this would be a major shift in the way the global economics work. now after all the documents there's nothing. in their faith in god to break down the building and russian

president dmitry meant that it is expected to come by lateral meeting with the indian prime minister manmohan singh like everything from stopping here in new delhi. let's cross over to the chinese capital now for some more insight from janice we've seen from peking university. thanks for joining us here so the creation of a new global development bank is an ambitious project but still only in the drawing board at this point and we have some sort of idea who who is going to manage it and how. well you know the mechanics of actually organization and management will be a long way off i mean right now what they can agree on is on the development vision and i did all the g.m. but the actual going to station and some corporate questions that they have the answer well will be at the next one or two years stats a lot of finance ministers up and service for example how do you shoot the holding power in this bank how do you dispute loans. allowed to join and what will this new bank be b.o.b.

the world bank and asian woman back so all of these concrete specific questions kind of the questions that finance ministers will have to have future meetings to negotiate but it's great that they're able to come to a consensus about the bank the ideology of the bank right now. of the five brics countries china appears to be the clear economic leader the name the economic engine here and there are five kind of economies that are focused on very different things china more of a manufacturing economy in russia more base for example on that for resources how do you think these members can really get out on equal terms what one in turn is very interested in the idea of works because right now it's much too reliant on the american european european markets and as we all know. american in europe and europe you know cars are right now are our sins are our spur sluggish so china for its long term economic interest is very interested in opening new markets around the world as well as versifying gets its space manufacturing sector now the

appeal of russia is obvious russia is as if it's a land of finance natural wealth in china is for much in need of resources the appeal of south africa is that soccer is really much a financial at the center of africa so if your house were provided as you point for chinese banks money can piece into the rest of africa seems the same is true for brazil. so polo is really in many of these. find a couple of america so it's not that china is taking that powerhouse it's down to each of these countries stand to benefit for many. years right immigration we have from whatever everyone. china wants less reliance on the green bag and that's a call that we're hearing throughout this brick summit here but it is also the world's largest holder of u.s. debt more than a trillion dollars worth what do you think it's going to take to water down that dependency well i mean this is kind of see your stand is to go ship that's been

developed for the past few decades and this is it depends he's basically beneficial for both united states and for the chinese and the chinese this trade my ship with america allows so many millions of chinese to be unemployed and it really is the reason for china's economic wealth he's going to take a major increase these past few years for american workers perspective i'm workers consumers have access to cheap chinese goods so this few can see is something that has been around for the past twenty thirty years and you say that for next few years there's dependency will gradually decrease i mean i mean there has to be a longer time frame you can place for for trying to diversify its export market now if we see less of a reliance on the dollar and the euro we're darla's the u.s. is still holding the largest amount of gold reserves so wouldn't washington able to continue dictating economic policy based on that. i think i think the way to

understand america's government or global economy is is to ask for first aspect is the access to american market if you look at what station and how countries not really benefit from globalization it's always been access to emerging market it was not access american market you know he's asian economies and i want to we're going to become so wealthy and so it's sort of from our time so a major advantage that america provides one station on to global economies. it's x. is the access to it's middle class and america is still by far the richest country in the world so i don't think that america provides the world it's access to its research facilities its universities its its research though so yes and really i mean it's able to attract the best engineering and research and such a talent around the world so these are two things that america still have and that's why america still has to be a part of any conversation if you look at if you look at economic development around the world and so what this means is that the world the rest of the world

really needs to catch up into the world and to america in terms of setting elementary and research and finally the global economy remains largely resource based oil and gas prices often dictating the country's foreign policies what are the brics countries doing to try and break free of that dependency. i don't understand i don't know offhand what country but i know what china's very much concern about how it's still a manufacturing power how it takes raw resources from around the world and it pays a very steep kreiss for his resources and then using its very cheap labor pool transforms into commodities for the rest they want to purchase from a perspective of china that's this is a very labor intensive and very costly way of running economy so what's honors from it do is focus more on transformers education system producing research and creative talent that china will need in order to sustain its long term economic

growth and that's what always countries need to do you know brazil india china russia they can all use its resources to q. and generate some short term wealth in the long term you need to focus on it schools aren't universities are educated on educating the human capital pool. so what sort of what. caused the creative class. you distribute imperative in the long term all right thanks so much for your insight live from beijing james we've seen from peking university thank you thank you. a delegation of west african army chiefs have arrived in ali's capital but naka was part of an attempt to restore order after last week's coup the visit comes as the top of president are due to mani touré says he is safe and still in the country several thousand people took to the streets of moscow in support of a military takeover led by soldiers this satisfied with the president's policies

the self declared leaders of the coup have already unveiled a new constitution promising greater public freedoms the actions that have been condemned by the un to lead to mali suspension from an influential west africa regional body lawrence freeman with executive intelligence review thinks that the rebellion is the result of a failure of western policies in the region to mali this was an area that us put a lot of military backing into and they were trying to fight the various forces no one is ok government and you had a military low level officer carry out a coup so you have to wonder how strong was the government this is the continuation of the arab spring into sub-saharan africa one factor though is in the zealous nature of president obama and president sarkozy and prime minister cameron in their intent the carrier. in libya and being killed khadafi when it was not

necessary there actually helped this process because many of these rebels are coming back from libya very well armed with pickup trucks that machine guns and other ammunition so essentially it's the failed one policy president obama in the west together with the economic crisis that i think that it can mean causes for this rebellion. and we're going to show you in our live pictures from new delhi india where the second day of the annual brick summit is kicking off leaders of the world's main economic challengers all in it had an inspirational russia india china and south africa you can see all the heads of state right there waving at the audience there taking on the monopoly of the dollar and euro was the international reserve currencies this in a bid to diversify the global economy topping that agenda at this year's summit is a plan to create an alternative development fund to the i.m.f. and the world bank but brics group of countries think the institutions are too heavily influenced by the u.s.

and want a somewhat more say on shaping the market and stay with us throughout the day here on our teeth as we bring you all the latest coverage from new delhi. turning now to some other stories making headlines across the globe the u.s. has suspended today to north korea after the country refused to cancel a scheduled rocket launch washington says the plan violates the terms of the deal made with kyung yang last month the north agreed to suspend its uranium enrichment program and nuclear missile tests in exchange for u.s. food aid in february killing yang says the launch is intended to send a satellite into space. former i.m.f. chief dominique strauss kahn claims he has diplomatic immunity in a civil case in which he's accused of sexually assaulting a hotel maid last year the i.m.f. says he's not entitled to immunity though because he was in new york on personal business while being charged with the alleged crime strauss kahn is also under investigation and friends over allegations he was involved in a cross to fusion rape. authorities have charged a us pilot with interfering with

a flight crew after his behavior became increasingly erratic while on board playoffs binns las vegas bound flight made an emergency landing in texas tuesday after he allegedly shouted that bombs from iraq were going to take down the plane has been could face up to twenty years in prison and two hundred fifty thousand dollars fine if found guilty he's currently held at a texas hospital for medical evaluation. republican candidates continue to duke it out in the primaries across the country in hopes of challenging democratic president obama for the top job but a recent gallup poll suggests americans aren't satisfied with having just two choices with around forty percent considering themselves political independents or he's got a cheeky on reports that most u.s. citizens think the bipartisan system could be obeyed. in american politics three is a crowd through a string of primaries two parties present their candidates for the president of the united states americans are accustomed to having two teams they watch football

games baseball games or basketball where there's one team against the other team that's kind of the way they see politics as well i think it just takes their thinking they think there's only two choices republicans and democrats they just grown accustomed to that team mentality. but according to a gallup poll over record number of americans forty percent now identify themselves as political independence there are many people who have expressed dissatisfaction with the current system but they seem resigned to the notion that those people who are currently in positions of power or not going to want any sort of change in that we're not likely to see change anytime soon for an independent or third party candidate getting on a general election ballot is considered a doomed task in the us ralph nader an independent a renowned lawyer consumer rights advocate ran for the presidency six times harder

to get on the ballot in this country by far than any western democracy fifty different state was hundreds of different county laws it was a total nightmare created by the two parties to avoid competition it's very skewed to party who are to do to sure we call the police and they're all fighting for osha slowly over who's going to go to the white house so they can take up residence and to take the orders from their core group paymasters some analysts say the system works in a way to avoid any real change in the way america's government and special interests play special role the extended primary process we have in the u.s. has special interests like military contractors. for others it gives them time to monitor the election process and put in resources to attack anyone who's not going you know there's not going to give so shit or favor olds favorable to them so it

does make it hard for an outsider to surprised establishment some believe congressman ron paul who would fare better as an independent as his distinctly anti-war rhetoric distances him from the other republican front runners political experts say someone like paul stands no chance of winning the nomination because at the end of the day the two parties always the only real mainstream candidates. presented with just two choices many americans vote not for who they see as president but against the one they don't like a lot of people don't instantly vote for who they like a lot of people's vote republican because they don't like the democrats or built so democrat because they don't like or they're scared of the republican us a lot of times you have americans voted for the lesser of two evils it was the lesser of two ballots many see the way candidates are picked they legalizes them safeguard against drastic change but as the discontent among americans grows over

the country's foreign policy over corporate control the economy so grows the push for fresh ideas and bold actions but the question is will the system allow in bills could break the much loved and much cherished business as usual washington old i'm going to check our reporting from washington r.t. . iran will resume talks with world powers to defuse tensions over its disputed nuclear program in two weeks world leaders are keen to discuss iran's uranium enrichment which western leaders suspect is aimed at developing nuclear weapons to iran and syria says atomic ambitions are only aimed at developing peaceful energy the last meeting between iran and u.n. representatives and twenty eleven failed to get any concrete results meanwhile tehran has been hit by the latest round of u.s. sanctions against its engineering firms. with ties to the country's most powerful economic and political institution u. slotnick revolutionary guard senior editor of reason magazine brian doherty says the sanctions could bring the u.s.

and iran a step closer to war. sanctions in and of themselves are essentially an act of war i mean we're basically telling iran that their banking sectors their energy sector is pretty much the entire life whether they are upon and you cannot interact with the rest of the world in any way we're trying to ensure that you know not just america but any company anywhere around the world is going to be punished if they do business with iran i mean i think clearly if anyone tried to do the same thing to us we would understand it as an act of war what we're talking about here is merely an admission to a bunch of sanctions that already exist they were already very far down this and i think reluctantly a little slight on the part of a lot of responsibility in washington and actually be horrid about the implications of the stance we're taking towards iran right now. coming up in our sports bulletin an exclusive with russia's only f one driver.

shares his thoughts on race are going to future the most popular event in motor sport that's coming up in about twenty minutes here on r.g.p. . first though time to dive into the world of business with marina business desk trading in asia now in full showing tell us more. hi mats well asia is currently the only one trading and if you can see behind me it's basically a sea of red and that pretty much started on tuesday and hasn't backed off yet but we mentioned asia so let's take a look at that first as we can see shares are dropping sharply with the commodity forms under pressure we see that this follows a sell off for metals and oil and i have more on that a little bit later we'll look at the u.s. markets right now and hong kong aluminum corp china is losing the culprit supersize i miss sun stronger yet is tried in japanese exporters down which is the difference from we saw the other days and sony corp is losing some percent as well and i'm moving on to the u.s. markets there are closed at the moment what you see is the picture when's they

strayed in and they closed lower although they eased off their lowest lows if you will and also they led by materials and energy as they were the ones that were at their lowest on that day and that was when i was in the global weakness as well as poor economic data and the economic data i'm talking about is durable goods orders rose less than expect that see point two percent in february and also we had business investment that missed forecasts as well now last month while i was flat and that's after trading near the lowest points in over a week and that's after us inventory search the list of countries this is not stopping emergency reserves to move in on so currencies the euro is slightly higher against the u.s. dollar when it comes to the ruble lose a recent. gains against the euro and the greenback i will give you a more updated picture on that when the us markets open in two hours on the picture you about to see for the us and markets is how they closed on wednesday again

a sea of red there as well and pride as we can see the artsy as top three percent of all of them i six over at supersonic and that was its lowest close since late january now in other news ports of rotterdam in the netherlands and russia's investment holding similar groups are thinking about building poured in china together and the country is currently looking for partners to set up a halt in their production say it's already next may be seen the company's promise to give a final answer by summer and their investment would be worth two billion dollars. all right now all of that software is this looks really small voice their thoughts open all come back next all right thanks very much eric he's really close and ever closer he reported for us from the business desk and in just a few minutes i'll recap our top stories for you plus an interview with the chairman of the world's largest commodities trading company simon murray that's coming up just ahead stay with us.

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