petrol panic grips the u.k. ahead of a possible tanker driver strike while london paris and washington consider releasing oil reserves to push down prices. protests turned violent impossible and it was a general strike price strain to hold in tens of thousands march against cuts and labor reforms. the arab league backs a u.n. sponsored peace plan for syria i'm ones that are either side in the conflict will trigger a proxy war. or the call to job is just gets worse on the second day of because the business in twenty minutes.

is national news you cannot live from moscow this is r.t. with you twenty four hours a day there's panic at the pumps in the u.k. were threatened strike by delivery drivers has already seen stations running dry and the fear is even the army will need to be deployed to keep the country moving it comes at a time when what its oil prices which is quote the governments of london paris and washington think you are flooding the market with their reserves artie's other planets. but what we're seeing in the last twenty four hours or so is the right spread panic buying of fuel up and down the country by motorists queues outside petrol stations and what's really been fueling this panic buying is is the government's handling of this crisis their first piece of advice to motorists was to tell people not to panic which immediately of course set the alarm bells ringing

one cabinet minister even said it be a good idea to top up your car now also feel up a spade jerrycan in case of emergencies david cameron the prime minister has even put the army on standby to drive the tankers should industrial action go ahead so they governments come in for some severe criticism by the opposition for its handling of this crisis all of this comes as all prices are record high not only in britain but also in france and america and what that means is unhappy voters and with elections just around the corner in france and america they need to do something quick to pacify the voters and so what france is now doing are joining you for america and britain in discussing the option of the emergency release strategic release of emergency all supplies to try and drive down those prices now this is a move normally reserved only when there is actually a physical disruption of the oil supply which isn't actually the case here because of the oil prices increasing is really

a problem of their own making one of the main reasons for all prices escalating is the sanctions imposed on iran akil producing nation by america britain and france which is hitting the oil exports hard and this is why countries like germany and italy are refusing to back move to release emergency supplies even ahead of the i.a.e.a. the international energy agency which has to authorize any such move has said the there hasn't been a disruption significant enough of oil supplies to warrant such an if so they may have trouble pushing this through but america britain and france have got themselves in this situation and clue. really they're very desperate now to limit the damage and repair the damage that they've caused themselves before it's too late for their administrations and his argument they're in london and political analyst peter rare says the aggressive foreign policies of the u.s. and its european allies are to blame for the crisis what one has to understand is that the reason why the price of oil has gone through the roof is because of the

ongoing conflicts we've been in a continuous war for an awful long time now decades in natural fact and this plays a major is a major player in what is happening around the world economically speaking but you know of late obama and netanyahu with threatening action against iran they force this pressure on three ran in this tit for tat over the nuclear issue that is now reduced to all flow to europe basically this put the price up which i think was the intention anyway and now to try and recover the damage done by the hike in the fuel which affects all commodity prices and these austerity measures that are throughout the world it's quite obvious if they don't do something drastic and within a short period of time it's going to run up against them in the election. talking to a civil earlier from the u.k. . the arab league is back to u.n. sponsored peace plan saying it must be implemented immediately and completely and

iraq where the league was holding its meeting was that arming either side of the conflict would trigger a proxy war driven from abroad are the sort of furthest from developments. the arab league managing to overcome some of its own divisions to endorse that announcing its point peace plan and the fact that declaration called for a political solution to the ongoing conflict in syria via national dialogue and crucially that hasn't called the president assad to step down now rucks prime minister warned that arming either side would lead to a proxy war very firmly i guess foreign intervention that stands different quite significantly from some of the other arab league members notably the gulf states who have very much been seen to be pushing for the arming of the opposition and also calling for arab chiefs to be incented to the arab league seen in

a very much get behind that and peace plan what the chief of the arab league said was that there is hope said this now to work the syrian president the syrian government now really have to be seen to be implementing this and this is really going to be the crucial point now president assad actually addressed the syrian government's acceptance of the end and plan he was addressing a gathering of the emerging economies meeting in delhi amongst those of course russia and china and he said that no effort would be spared to make the mission a success but he also said that a nun would have to ensure that the terrorist acts against the syrian government has stalled the syrian government of course and then taking their line that they're fighting against terrorist gangs the needs that the syrian government has formally accepted the plan has been met with understandable skepticism there's very much

a sense that they've heard these promises made before here in istanbul the opposition happy meeting ahead of the friends of syria meeting that's going to be taking place on sunday and some of the people i've been speaking he said the really the aim of that meeting is to create a. with monolithic opposition to try and unify all these different factions now the arab league now getting behind the peace plan everyone now very much pushing forward for this political solution via that national but ultimately it is going to be not the words but the actions that really make a difference. peace to syria without outside interference and stepping away from the dollar the two issues which dominated talks in india with five of the world's fastest growing economies took security and finance accounting to set up their own joint bank as an alternative to global lenders which would fund projects and infrastructure in developing nations. is. one of the main theme

of this year's thumb it is how do you think growing economic powers are also starting to have more political clout on major international issues like syria again we saw russia and china saying that they've backed a cease fire in syria but they don't expect president assad to step down let's take a listen to what the russian president had to say. from one of the priorities for brics for the years to come should be the strengthening of the u.n. security council and maintaining international peace and security and also ensuring that the u.n. is not used as a cover for regime change and unilateral actions to resolve conflicts situations today all the five leaders signed an agreement to actually give out loans in their local currencies which is another move that they're thinking about moving away from the dollar and moving away from the euro another huge thing was the idea of

a joint bank could serve as an alternative to the western led traditional financial institutions like the international monetary fund and the world bank. of his pressure then earlier he spoke to talk to charlie who's a vice dean at the school of international affairs and he believes institutions like the i.m.f. and the world bank of outlived their usefulness. problem with wine for some kind of crumbs from the hard table is that it still depends upon the mercy and the munificence of the farmer superpowers who are now just great powers of thought the part the point is in a multi-polar word i think it's better to launch your own initiatives and to show that you have the initiative to build your own institutions rather than to beg for a few more voting shares in

a few more places in the managerial or the board. of the britain which institutions because britain which institutions i don't think can be reformed from within they have three so therefore it's better to argue or abolish it or to replace it with a new institution so this is we're right in the bridge development and come to this summit here in delhi they have really shown that they have the capability to forge ahead with new plans new ideas and new institutions in order to govern the planet we've got new ideology and a completely new. basis so our organizing economic life on the planet and you can catch up with more analysis and developments from the brics summit at r.t. dot com our web site online all the time is what else is there for you at the moment should you log on to join the soda tornado five times the size of earth has been caught on tape by nasa for the very first time while swirling at incredible speed get the pictures in the story on the web site right now. and right is in the storm

the first ever polar circles noblesville grace in siberia of a spectator a chance to glimpse life in the far north find out more on that and plenty of other stories with r.t. dot com. these are the images for world and seeing from the streets of canada. change corporations are rooted. the official anti happily cation to your wife and i pod touch from the abstract. on the. video on demand. in my role as an r.s.s. feed now with the palm of your. on the

dot com with you twenty four hours a day we're here live in central moscow a delegation of west african leaders has abandoned a trip to mali to negotiate with the leaders of last week's coup after their plane was prevented from landing by a demonstration at the airport last week's military takeover in mali was led by soldiers unhappy with the way the president was handling an insurgency and you know as a kiwi editor of the pan-african newswire told me earlier that he thinks instability is not in western interests there is a counterterrorism program that the united states has been involved with the government in mali for at least three and a half years the united states africa command has also engaged in joint military operations are with the government of mali it's important to recognize that some hundred forty million dollars annually contributor to the mali and government from the united states also there's a military education program that the united states sponsors with the mali

government as well as are payments direct payments for military arms and other total assistance to the government of mali as well it appears as if the u.s. state department is backing the ecowas delegation is headed by al assad more tara who's the president of our court of wild recalls. if there was negotiations are not able to go forward then of course the whole process of national reconciliation and a return to cost to tional rule will be stalled and this of course worries the united states because not only do you have the. national liberation front jaso have the al-qaeda of the mcgrath which is also active in the northern region of mali as well so it's a lot. of concern on the part of the united states and other nato countries in regard to potential greater instability in mali. tens of thousands hit the streets of spain angry over part of public spending cuts and new

labor laws a general strike has brought the country to a standstill rage boiled over into a full scale riot riot in barcelona where protesters broke shop windows and clashed with police from our teacher can we please in madrid joining us live from there jacob the massive industrial action is a tough test for the country's young government just how there is the country coping with this strike. most of the survivors beating economic finances but the bottom of that strike really still being felt here in madrid of a central square where tens of thousands of people are still amassed and still growing in numbers as well listening to the speech and this is really sit up what's going on around the rest of the country on this day of action this general strike there's boards of many industries transport systems to holds still going in the lead syria as well and also barcelona but also differ somewhat to what we see in

madrid because there has been a lot of uproar some violence and clashes with police we've seen a hot fire set in the cab in the city there and also windows have been smashed there has been more buoyant in los lower than any other city this close of these demonstrations in space so the main gripe of those who are in attendance is just stupid austerity measures and cuts it's also about labor law and the labor law reform is probably going on according to spanish government here they want to make it said g. easier to sack people in the future to sack employees and also decrease their wages this is something that's really causing a lot of anger we see no day madrid based on the fact those high unemployment figures in fact the highest of any developed nation in spain at twenty. three percent of the population and that's even worse when you look at the use those below twenty five years old was about fifty percent of ever being unemployed and

we've seen a whole lot of young people now say they've tended to be the most vocal as well so jaded with such high unemployment the government clearly needs to act but just how is the cabinet justifying its policies to the public that. we asked there is a recognition even with those here tonight but there needs to be action that austerity is necessary is a necessary evil in this case there problem though is how it's being implemented what sectors are being chosen for these cuts first spanish government is really a bit of a crossroads school has on its left the e.u. the euro zone really pushing for more austerity cuts to be taken to the deficit that's led the time prime minister recently to comment that this is a problem that could threaten of the euro zone nations could affect them with spanish is spain's problem and the spanish prime minister has also been such

stressing this be a very very austere budget they got a pass on friday especially to cost about thirty billion euros but on the other side we have these protesters recognize that need for sturdy votes in the government to promise that with a station only be targeted at certain areas not by such a system as labor reform. jacob thanks very much indeed for that runoff in madrid autumn's change could greaves well a little earlier i was talking to a crisis strategist comes on a live and he believes the only way for spain to get back on track financially is to leave the euro zone. because it's forty percent the size of germany you cannot save a country that size you cannot bail him out like you would be allowed greece or portugal spain is a big country is one trillion euros g.d.p. per year. that's simply too big for any country or any group of countries in the

european in the euro zone to bail out france and germany cannot bail out spain so the only solution and i think of this is inevitable is first spain to exit the euro zone and go back to the process devalue and start rebuilding its economy and that i think will likely happen in the next government after hoyer who who i think unfortunately is going to fare and the government after that will be left wing government and they will probably exit the eurozone and go back to the past and devalue and do what has to be done because this government unfortunately they have the best of intentions and i have no doubt that they are very capable and competent but they just don't have what it takes to do what's necessary which is exit the euro. turning eighteen minutes past the hour here in the russian capital let's turn our attention now to some other news from around the world making headlines in our world updated e.u. rights group is compare nato and western coast guards for failing to aid a boat of migrants during last year's military campaign in libya only nine of seventy two people on board the vessel survived after it drifted into open seas for two weeks without assistance nato has warships and maritime aircraft was patrolling

the area at the time and forcing an arms embargo against libya rejected the accusations. at least seven people have been killed in separate attacks in pakistan's largest turn province in the first shooting gunmen on motorbikes fired on a van in outskirts of the city of quetta killing five shiite muslims in the second attack a u.n. employee and his driver was shot dead no group has claimed responsibility. french government mohamad mirror has been buried lead to lose the french city where he committed the country's worst terror act in years prison little circles he had called for him to be buried with out argument of to the mayor of to lose describe the funeral is inappropriate algeria where the terrorist father was born denied permission for a barrel there due to security reasons miller killed seven people including three jewish children before being shot dead in a standoff with police last week. republican candidates are

still slugging it out for the right to challenge democratic president barack obama in november election but there are many people frustrated that with only two real alternatives their views aren't being represented is artist going to come. 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 has been to teams they watch football games baseball games and basketball if there is one team against the other team that's kind of the way they see politics as well i think it affects 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 say more sawing to the notion that those people

who are currently in positions of power or not want to walk any sort 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 this 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 laws hundreds of different county laws it was a total nightmare created by the two parties to avoid competition it's risky to party who look to dictatorship we call it or do our police and they're all fighting for osha sleep over who's going to go to the white house is so they can take up residence and to take the orders from their corporate 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 us gives special interests like. military contractors or others it gives them time. i'm jus monitor the election process and put in resources to attack anyone who's not going to use are going to give us those that are state rules favorable to them so we just 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 this stances 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 though they were mainstream candidates. presented with just two choices many americans vote not folk who they see as president but against the one they don't like a lot of people don't necessarily vote for who they like

a lot of people vote republican because they don't like the democrats or they don't so democrat because they don't like or they're scared of the republican us a lot of times you have americans voting for the lesser of two evils this is the lesser of two ballots many see the way candidates are paid in the u.s. is that safeguard against drastic change but as that this content among americans grows over the country's foreign policy over corporate controlled economies so grows the push for fresh ideas and bold actions but the question is will the system allow in those who could break the law then much cherished business as usual washington oh i'm going to check our reporting from washington r.p. . we'll have the very latest on the money markets in the business up they were down or let's come your way in just a minute stay with us live here in moscow. it's

a business let's go straight to the markets and see what's happening there u.s.

job states wall street descending into the third day of the falls that's on top of last week which was the worst of the year so far for major you more down today the general strike in street violence in spain sent madrid's boy a big slaughter is the worst performing in europe this year bush is sharing the pain to my six is now slumped to its lowest in two months take a look at major movers on thursday mitchell admits it can't be paid bank loans due to falling metals prices taking b.p.'s down as it reveals it will build its own power plants m b t v banks things going for last year on exchange rates the euro's now lower against the dollar the group will slipped into the red against the greenback and the euro in the last hour of trade here in moscow russia is a better investment than the u.s. according to the world's biggest bond fund pimco found of bill gross says he sees better value in russia's five year bonds than u.s. treasuries after putin's government yesterday successfully hold the biggest emerging market place move for years to key reasons given all russia's high g.d.p.

growth and very low public that. crude stone over two dollars today on news the united states and e.u. may release strategic crude reserves to stop a repeat of recent price hikes they've plucked says that move will push prices further down. there's been an exercise like that in the last year or so when our strategic reserves were last relieved when we saw that prices fall by five or six dollars a barrel at that time so it's not unreasonable to think that prices could fall by five or six dollars a barrel again it looks like the storage tanks are going to be opened in crude put on the market and europe today more stories on our website all to dot com slash business.

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before source material is what helps keep journalism honest. we wanted to visit. some feel. wealthy british style. sometimes. market finance scandals find out what's really happening to the global economy with mike's culture for a no holds barred look at the global financial headlines tune into cars report. something good for you what is happening on the streets now is the los altos fight to prove a wild.