from moscow this is here you have lines to strike tens of thousands of people in spain unite in protest against labor reforms just a day before the new prime minister announces a fresh round of austerity measures it's seen as the first real test for spain's leader who took office only three months ago. the arab league splits over how to deal with the syrian crisis some members after ok diplomacy while others want

the rebels signed away and with full force meanwhile the syrian government and opposition are under pressure to enforce a u.n. peace plan calling for a cease fire. plus the five member of the last of the brics countries take on the mighty dollar in their bid to reform the global economy they are lost in mining the creation of an alternative global reserve bank that would rival the i.m.f. and other u.s. dependent bodies. well if you stay with us or not see the next sophie shevardnadze talks to the chairman of the world's largest commodities trading company his take on where china the euro and the dollar. this is what's.

sudden mori chairman of the multinational corporation glencore also the former french foreign missionary it's great to have you with us here in moscow sir thank you so you spent most of your business career and china are you one of those who see the china as the center of the world's economic future no i don't think i do but i think at the moment china on a comparison basis is certainly doing better than everyone else so but whether that's going to lead the world forever or have a i don't think so i don't think that we honestly go ahead or i chinese century not so why this china fold yeah i will china is coming it's going to stall us all because on a comparison basis compared to china for example when i first went there in one nine hundred seventy when they had absolutely nothing of course it's very different china is a manufacturing company today and benefiting from any further and if you look back

in history in one thousand nine hundred ninety eight hundred ten of the probably the brits the english were the most prosperous nation in the world certainly per capita all on the back of manufacturing so the industrial revolution on the back of coal and i think hundred england was two percent of the world's population producing forty percent of the world's trade think about that america also grew hugely on the back of manufacturing so manufacturing is what really leads to prosperity in the western world has swung away from manufacturing into service industries and that is as also have huge dollars of inflation. over the years i'm talking about europe and america chinese china is going through its industrial revolution equivalent doing fantastically well but also feeling the beginnings of inflation the growing cost base and base out over the next twenty

years we may well see the chinese manufacturing moves offshore to places like cambodia and vietnam and maybe. that's a cycloset that simple is that there's just a formula cheap labor hard work it's all about cheap labor are you something more the hard work that you put in there people did they talk about asian values of hard work those were exactly the same better victorian values the same in the u.k. everybody used to work much harder in a way than they do today people have sixteen years old won't work i'm less fifteen years old working in the coal mines today everything is much softer and it is human rights and entitlement on the benefits and so on china doesn't have those which makes you wonder is that a good thing or not actually i don't you think was a good thing and i think it is none of it is amazingly successful so china is growing at eight percent per annum whatever the figure is seventy eight percent

brown and the rest of the world isn't really doing anything at all or by comparison so yes they have huge monetary success on the surface but underneath they have lots and lots of problems do you believe in the theory china's getting older faster lens getting richer. i don't know that i have good that phrase that they've had it all rather than the rich or them part of it is also that when you talk about rich you have also the big divide the have and have nots china are reported to have three hundred fifty thousand millionaires they're reported to have one hundred fifteen billion as the throat of the precise. but they have seven hundred million people who live in rural areas central parts of china who live on four dollars a day so they're not all getting richer. they are not better off than they were forty years ago there is no question about that that that the wealth has spread

over everybody is ok in the sense that they are better off than they were but still big difference is still a long way to go twenty million people polar play a year move from the rural areas of china into the urban areas looking for jobs every year let me china's got to find two hundred million jobs over the next ten years that's pretty big task china's cost base is wising b. china is now starting things like minimum wage you have discontent in china are many villages there are riots and people on strike but we don't see that. if those towns all brought up on the same day. rebelled china would have problems so for china the most important thing for the party is stability keeping this place stable and it's very tough and they can do it because the communist

party is very very tough do you think europe is up to the challenge should he were pains be working harder. yeah i think yes i would like to see less of this sort of benefits and. we live in the european in the west world. and a job in title hunt people come out of university with my job i mean title to john i'm entitled to this i'm entitled to benefits i've just arrived in england where all my benefits i think we have gone a little bit soft yes but it's very brave of turning this whole thing back. probably not i think of the politics of the new england are trying to bring in what they call austerity measures you see what's happening in greece whether whether people will take their place or whether they will rebel but you have seen in greece about you have seen in england in november we have students who i think in the

streets smashing windows robbing shots and so on so will we have rebellions and so i think we probably will. there's going to be resistance to this is to us it will the eurozone survive as one whole and i think there's a good chance that some of the southern countries greece maybe italy made me maybe spain portugal may withdraw from the euro. the euro benefited the german nation of more than anybody else because if we didn't have the euro we would have the deutsche mark and we would have the lira entirely lira the large one would be here lira would be here so it would be one say disbands for three four hour is what do you think you take probably the so if the euro goes germany will have unemployment at twenty percent so they need to keep the euro

going you have to remember that the european community as a collective is solvent. it is solvent but the money is all in germany not in the other places so whether they can keep it as a whole is going to be tough and it's particularly tough for the germans because the germans understand that they need the euro otherwise they're going to have unemployment but the man in the street in germany sees his taxpayers' money going to these guys in greece who he thinks are very spoiled they don't pay tax they all get up in the morning or whatever they do actually they were pretty hot in greece but they do not pay their taxes so he resents that and that is politically very tough for the german politicians to sell that they have done it at the moment greece has the bailout to the tune of three billion dollars and three hundred billion dollars it's interesting those numbers you have to remember the biggest default ever in history first was russia which was seventy nine

billion dollars after that was argentina shortly after that eighty two billion dollars you put that eighty two billion dollars as a country the biggest thought we have ever seen today the greek debt is five times bigger than that and five hundred billion right next door in its release that five times bigger and greece point five trillion dollars ok you put that sort of thing in the context of the eighty two billion you realize what we've got in europe we have never seen anything like it is huge so whether europe is how europe is going to pay back this debt the only way they can do it is to grow and they are growing one percent not even so it's going to take them on a long long time in the meantime do they go into deflation. well they go into

inflation the americans are terrified of be fallacious because they remember one nine hundred twenty s. soup kitchens people lining up in the street to get their soup at lunchtime great some broth and so on steinbeck's pork some sort of germans are terrified of inflation because the one hour public eye just twenty nine fifty million going to work for a loaf of bread so when you understand what inflation really is this is inflation ok this is a one hundred twelve a billion that's a trillion dollar note or one hundred trillion dollars that is inflation that is a zimbabwean dollar and that buys you probably broadway i don't know it buys you coca-cola with something that is inflation so the germ of the third part of that when i was a boy we all had a million more notes which were worth nothing and so you got

a completely different attitudes from europe and america in the western world on how this should all be approached ok but the question is alongside with zero americans are also have your aims at it how do they do to maintain their higher living standards i don't know that they do maintain their high living standards but they want to of course they do everybody wants to america are in debt to the tune american government is in the depth of the fifteen trillion dollars that's the american government that's not the whole of america whole of america that is probably forty trillion dollars. they have huge problems and housing pozen crisis probably crisis people being ejected out of their houses they even have in america they have tent villages where people living in tents you haven't seen that that they have an america and it's beginning to come back and they had but they have unemployment of say eight point four percent. down from nine point four percent

down to eight point three percent so they are very pleased that unemployment has talked about down but if you look at those numbers a little bit more carefully you will see that between the ages of about twenty two and thirty five or twenty seven that figure eight point three between those ages and young people twenty two and thirty seven it's near a twenty percent unemployment huge huge problems that will reduce. ability to spend consumer spending moving again so i don't think they are continuing to live and spend as they used to and two thousand and eight when we had the first bank on the back of a massive massive credit boom people fear that we would have a double dip and here we are right on the edge of it.

some people knew what was happening and since know is that you know faster likely for a while fighting with the taliban however i totally disagree i don't even think the parts of baghdad. we're still waiting for that sort of resolution to help.

the headlines on the. strike tens of thousands of people. protesting. just a day before the new prime minister says a fresh round of austerity measures seen as the first real test for spain's leader . three months ago. the arab league. deal with the syrian crisis. on the rebels. forced the syrian government position under pressure. calling for

a cease fire. to reform the global economy. the creation of an alternative global bank that would rival the. world of sports now with. thank you very well come along with to the sports headlines here's what we've got for you. lansing but bilbao have the deficits in their euro league basketball quarter final with says after a victory in game three in spain. high school demand by moscow come from three goals down to be scarred by four in overtime in game one of the western conference finals. and the pedal to the floor charts exclusively to russia's only driver

it's only petrol about his start to the new formula one campaign and his hopes for the future. of sas car moscow have lost for only the second time in this season's euro league they went down ninety four eighty one against bilbao as the spaniards hard to deficits in their best of five playoff series the army men now lead the quarterfinal to one heading into game full on friday well brought on by a capacity ten thousand fans the size eight would mean elimination from the competition but says karr will have to wait to book their place in the last four home side how to prepare a sporty seven forty need part time help by the outstanding market panic she scored eighteen points cost us about the latest was top score for the home side with twenty four hour in jackson thirteen although not christian scored twenty two points for the visiting russians it wasn't enough as real vile held on

a ninety four eighty one victory to play for now then in game four of friday. meanwhile in the n.b.a. toronto have ended their two game losing streak with a one hundred five ninety six when i read denver in canada neither side were in their respective conference playoff places going into the game and it was a pretty close affair and till the final quarter eighty five eight at the end of the third period and all to play for all but the home side came out on top helped by andrea bargnani it was top score for toronto with twenty six points one hundred five ninety six the final school. now in the champions league quarter finals in germany munich are one foot in the last four or the tie between i.c. milan and barcelona is perfectly poised after the first leg. was alone or failed to find a way goal at the san siro as they were held no no by the italians was the first time in nine matches in the competition that the defending champions had failed to school training this plenty to play for in the second leg of the new camp next

tuesday. night of i'm very happy the boys played very well they were pressing high and defended very well the result gives us the awareness that although we're going to barcelona for a difficult match we can go through with a win or scoring a draw magination one sagesse one goal will not be enough we have to take better especially in the box will plan a better approach than this i do have a little advantage for us playing well is the way to win and go through. well elsewhere by munich have a healthy advantage of the bear to know when over marcell france radio gomez and i and robin one target for the visit is the winners of this tie except to play real madrid in the last four. weeks i have not much chance that it will reach the semifinals but i have respect for our opponents i've been through a lot in football and i know it's a quarter final first leg a splayed look at the second leg is still to come and anything can happen. now

moving on to ice hockey where in the cage playoffs deny moscow one again one in their best of seven series a scar in some cases but tennis most ally of the hero with a hat trick in the five for overtime victory after a double from victor to head off on a go for bloody may try to center it was three nil to the hosts by the beginning of the third period when malik pulled one back thanks to a goalies mistake then leo coming off that made the most of a power play five minutes into the period three two now and game on soon after that made it forward to restoring scars to go advantage as he was the first to the rebound. then got on the scoresheet as he reduced the difference to just one gold midway through the period and with a less than two minutes ago scored his second to make it fall for taking the game into overtime traumatic stuff in the ten minutes of the first additional period.

completed his hat trick giving his side the all important and times unlikely five four away victory came two in the west and finals is also in some cases prague and on friday. now in the meantime regular season when this tractor will play allen guard in the eastern conference finals game one takes place initially having slater on thursday. now in tennis the women's world number one victoria azarenka has lost for the first time in two thousand and twelve she's failed to reach the semifinals in miami after a six three six three defeat to france's marion bartoli the belorussian was on a twenty six match winning streak since the turn of the year a run which included her australian open victory in melbourne in january it was the best start made by any player on the women's tour since not in the himalayas in one thousand nine hundred seven the battle was too strong reeling in straight sets six three six three. three will face poland's agnes in the last

fall after the fifth seed the returning venus williams in straight sets six four six one this week saw williams return to competitive tennis for the first time since the us open last september after illness. meanwhile in the men's drew andy murray has put his place in the last four after a four six six three six four win over salvage the serbian came from a break down to take the paul murray did likewise in the second he then sort out the final set will now face world number two rafael nadal in the semifinals. this of the spaniard came through a three set quarterfinal with france's joel wilfred tsonga a ten time grand slam winner was pushed all the way by the frenchman despite looking in control of the two breaks in the opening five games for two in the second before a brave song to fight back was ended in the final set six two five seven six for

the final score and that one. now n.f.l. commissioner roger goodell admits he understands new orleans fans frustrations following the league's recent punishment of the saints coach sean payton has been suspended for the whole of next season after it emerged they were paying bonuses to players to injure others peyton has until monday to appeal the decision and people admit it's a difficult time for supporters. i understand the frustration of the saints fans. and i have great respect for them and were be there with their super bowl at the conclusion of this coming season. and i worked very closely obviously as we were getting the saints we step aside after the hurricanes so i saw it firsthand of the saints question and their faith and special and i think i clearly understand their frustration but i also they want us to understand the thirty two teams and everybody is going to have to operate by the same rules and if we don't do that the

integrity of the game and what fans love about the game will be impacted negatively now finally to formula one where it's going to make start of the season for russian vitali petroff after failing to finish in australia he came sixteenth in malaysia last weekend the catering driver is in his first season with his new same after losing his place at rhino results a mistake about the future as he explained in an exclusive chat with our correspondent richard dunne portly. i think it was not about a third or fourth from clear the first place with them when they finished the book anyway i think we're sure good results. in malaysia finally finished and actually it was a good receiver the stimulus had started from within then it was getting so it was actually really exciting was quite tricky one because it will work level of difficult wiley and you can see look a lot of month old. yeah actually i did not seen him i think on this team and in

this car so now it's like first of all we can achieve something more we're going to seem a few months seven hundred forced into a down up meeting renault comes up actually it was very easy you know everything would this have on this team it was almost the same way that there were no of course people with smaller teams but. about the set up wise and. the walking around it was actually the same way and there is then arranging for an awful cool board with this engine i think it was actually pretty easy. but it was the mother's old sammy mostly right now we've become a better team i mean it's going to have more spending power. to put a bit more in the way that you constantly try right trying everything from issues you know of course when they're left alone and i understood now it's not a team that's new to me to go to be in the championship and. to go forward with

another group of people but i think you know on your mind it's very important to understand this before when you go into the and foremost and you will need to find with another different people what is good you want. to come out so from this garden during this film we talk or at least somewhere you know go in some places and i hope for in the future we can move this country psychologically she said. i mean literally you know need to of course. force you can't fight with the force and for doing what you stated you will. do you will drive the same car you will feel the same playful as you will other fields waiting for the. action that i don't see the good stuff the stuff was born in forward speed and so i think it's even more give me some it's me it was new team it's new. it's unique to change it with me

because i've been stuck with the ways it anyway you'll only gain something and this is will give a more plausible minus revive it in a month might see. something some of. you will progress the piece because he really commend you for the strength you know to be trying to influence people yeah of course to you you know if it could be. called the head bit. because you know when that is the sole course you know you always want to win and in the moment i think what they did or did it and what we did together with a team of finishing sixth in place and move in malaysia and we managed to finish the race in the we don't have an unfunny focus i think this is in the moment much more in the in the difference than pleased with what. comes next well that's all the sport for now unit will be here and a little under two hours till i join in that.

world. science technology innovation all these developments from from around russia we've got the future coverage.