which governments of london paris and washington considered flooding the market with their own fuel reserves for as i said there's a good chance they had said the u.s. and europe will agree to release oil stocks into the market to drive down the cost of crude last year as the war in libya tightened surprise countries belonging to the paris based international energy agency released sixty million barrels of crude onto the market price it's now new sanctions over iran have also been influencing cost from the national iranian american council says the west can only blame itself for the spike in prices the real problem here is that the u.s. and the e.u. have passed these on president saying sharon's without a real strategy or understanding of comes next we're sort of making this up as we go along and we're finding that the sanctions that we put in place to try to restrict iran from profiting off of oil sales is really actually backfiring on us and that iran has tremendous leverage against us if we're going to take this

confrontation to one to energy so i'm skeptical of the ability of the united states and france and others to actually mitigate this president obama has even said a number of economists have said that the fear of a war with iran has actually added about twenty dollars to the price of a barrel of oil so this concern that israel may strike iran or that the united states may end up in a war with iran is one of the driving factors of why it's so expensive and simply addressing the supply issue is not going to mitigate that. for more news and videos you can always check out our t dot com here's what's a click away on our website right now. wall street versus main street two thirds of americans unhappy with the u.s. economy as they continue to pay for the mistakes of by natural fat cats. defeated in cyberspace the f.b.i. says it's losing the battle as it continues being

a target for hacker activists i doubt more at are to. police in the strain of clash with demonstrators during a general strike against labor reforms and further economic belt tightening this is prime minister mariano rajoy is set to announce new austerity measures for the country aimed at saving tens of billions of euros and making it easier for employers to fire workers archie correspondent jake aggrieved has more from madrid . freezing this has been causing so much are born anger around the whole country is owing to the high unemployment crisis a startling high in fact the most in any developed country has twenty three percent of the population but does the lawsuit change you i thought we did new blood not

long leave everybody in the street leave the less money you know we have the needy we like the one big meaty there's also a lot of young people about the reason behind that but both those on him blowing over out of those under twenty five fifty percent sure are still unemployed so it's a cools that really concerns then the pressure mounting from the e.u. from the eurozone leaders to implement more stairs he talks deficit i spent the time in prime minister speaking out recently saying this is a condition that includes of the eurozone members as well misled the spanish prime minister come up quite tough when it comes to the future budget to be decided on friday he said it will be very very austere something doesn't really have an appetite in this crowns even though they recognize there's a need for cuts to be placed i don't think it should be on their watch i don't

think the impact should be felt by them. charges jacob riis reporting from madrid crisis strategist says saving spain could be a task easier said than done. because it's forty percent the size of germany you cannot save a country that size you cannot be able amount like you would be allowed greece or ireland or portugal spain is a big country it 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 be allowed spain so the only solution and i think that this is inevitable is for spain to exit the euro zone go back to the present devalue and start rebuilding its economy and that i think will likely happen in the next government after the hoyo who i think unfortunately is going to fail and the government after that will be left wing government and they will probably exit the eurozone and go back to the and devalue and do what has to be done because this government unfortunately the 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 turn now to some other stories making headlines across the globe north korea has started plans for a rocket launch scheduled for april according to satellite images taken by a private u.s. firm washington says the exercises actually a long range missile test in breach of u.n. resolutions with japan saying it's ready to shoot down a north korean rocket if it not yangon says it's intended for a space it's intended to send a satellite into space for scientific purposes and meanwhile north korea fired two short range missiles off its western coast. west african nations have said an ultimatum to the leaders of a military coup in mali to relinquish power within seventy two hours or face sanctions proposed measures would include shutting off land borders with the country and freezing mollies assets last week's coup was led by soldiers unhappy with president hu money tories policies and self declared leaders have since

unveiled a new constitution and announced elections in which hundreds participants would be barred from standing. a suspected u.s. drone fired two missiles at a house in northwest pakistan killing three alleged militants the attack happened early friday in the town of miran shah an area known for its as a sanctuary for taliban and al qaeda insurgents foreigners believed to be among those in the group that were hit the strike comes at a time when pakistan is calling on an end to u.s. drone strikes in the country. the israeli military is shut off the west bank as palestinians and arabs prepare to mark the land day march commemorates the death of six hours by israeli police during protests over government confiscation of northern israeli land thousands of troops have been deployed in anticipation of violence the palestinian authorities also urge supporters to hold demonstrations outside other israeli embassies in other countries. and big brother could be slowly

creeping into americans' lives with the cia chief even joking about spying on people through their dishwashers but according to recent polls u.s. people aren't seeing the funny side and the fear of big government has soared and expanding security measures are he's a very important i has more from new york. ten years ago biometrics robotics spies and state surveillance grew the makings of a spy i flick starring tom cruise sort of from the trailer of the day many scenes from the hollywood blockbuster minority report arguably a calm and reality with life ominously imitating art your walking down the street and the camera takes a picture of you as able to compare it through facial is able to compare it to your driver's license photo or some other photo of your mug shot maybe a surveillance photo and say all right marina was on the corner of forty second and

. three o'clock last saturday in addition to facial recognition in new york city's police department is just one of many law enforcement agencies that also require citizens to undergo an iris scan before being released from police custody. in the past six months iris scans have been taken from hundreds of occupy wall street activists placed under arrest by christine i've been solace they really don't so you why they just say it's another form of identification and it's really creepy to have someone holding up the machines in your phrase and you have no idea that only the help of what there are truly use it with their larger purposes of using it is for iris scans are like a high tech fingerprint but much faster officials can quickly identify anyone who's unique scan is on the database the technology is becoming increasingly useful as

a tracking tool in the u.s. in the virtual world of tweets. facebook posts and search engines every internet user is defined by a data footprint if you think i'm not in his comments and blogs are protected think again through the use of what's called forensic linguistics. u.s. investigators can now uncover whose fingers are behind every single keystroke if i have a good in a large enough sample of your writing and your postal card can tell you could then compare i couldn't even put it into a database. database so they are using that information. every other post to over to the digital data trail of every american will soon be connected to a massive building in utah a two billion dollar data center is reportedly being constructed for the u.s. national security agency the complex will allegedly be able to collect analyze and

store all forms of personal communication including online purchases cell calls google searches and yes private messages but they're actually looking at di encrypting all of the data that comes out so for example when you use g. mail your all your e-mails are encrypted by default google has given you the service and has allowed you to say my communications are protected now the n.s.a. center is designed around building systems that will d. encrypt that data and remove any protection a chicken put onto it earlier this month cia director david petraeus painted a picture of america's dystopian freefall when describing the emergence of the internet of things that freeze refers to an increasing amount of personal information washington will eventually be able to obtain once all who electronics are wired to a network of u.s. intelligence officials estimate that by twenty twenty up to one hundred billion

ordinary devices such as refrigerators and dishwashers could be wired up to the internet just the way p.c.'s and cell phones are now that bottomless pit of data could allow big brother to monitor virtually anything it wants even the cia director says. very idea of secrecy will change forever. r.t. new york. business now let's go live to the desk where marine is standing by last hour you said european markets are doing well except for greece to tell us more about that will greece given that problems in the country it's hardly a surprise that we're hearing that but there's also another factor and that's because the greek prime minister has said that a third player out could not be rolled out along the completely opposite side the french market is the best performing so far today and talking about france the french apprise the has announced that the country's budget deficit is equal to five

point two percent of g.d.p. in two thousand and eleven and that was lower than the government's initial target the plan is now to cut the deficit to four and a half percent of g.d.p. for two thousand and twelve all right let's take a look at the international markets will stop of the year banks are in the gains there with added over one percent resource firms are also doing quite well and that's on the back of rising commodity prices footsie as we can see there is up a third of a percent small the dax is gaining three quarters of a percent so right let's move on to russia a similar picture here as well both the markets are in the black the artsy as is almost two percent this hour it's definitely head in there now this quarter has been quite successful for the russian voices the r.t.s. is out at seventeen percent since the beginning of the year when it comes to my six it out at seven percent now analysts do say that strong oil and gains in wall street have to help achieve that result but we also know that they expect to see

its twenty percent increase by the end of the year ok let's take a look at some individual share moves on them why sex most of the blue chips are on the rise this hour and gains in all of course supporting energy stocks you can see gas is at it over two percent this hour financials are on the rise as well with the beginning exactly. two percent now it's gone slightly higher since last hour and m.m. case in this while we have news for that company has gotten approval so acquire an australian iron ore explorer by the name of flinders mines right let's take a look at asia there are now close and they have the trading session in the red one of the few markets that have that on the negative notes today we know that in japan and new reports show that industrial output felt unexpectedly in february and that was due to lower overseas the mad for electronic goods as well as cause in hong kong different news in fact in investors there basically the arrest of two billionaire brothers who are property tycoons sent real estate shares plunging into

hong kong and that's how we saw the high side finish in their points almost three percent down all right let's take a look at all prices they are heading higher this hour and that's at the scene of the biggest decline in a week and it went on the prices were the rise of u.s. stockpiles as well as western countries discussing the potential release of all strategic reserves right now moving on to currencies the euro is slightly lower against the u.s. dollar and that's ahead of an e.u. meeting of finance ministers where there will be discussing whether it's a bailout fund now when it comes to the ruble it's are higher against the dollar losing towards the euro who knows the other news a new report claims the mobile phone companies are losing a staggering fifty eight billion dollars a year worldwide that's due to billionaires and fraud and in africa in the middle east this accounts for fifteen percent of revenue while in europe it's one percent and the north america it's two point eight in the street made nine hundred twenty

billion dollars in two thousand and eleven. the global i.p.o. activity has slumped seventy percent the first quarter of two thousand and twelve that's compared to the same period last year and according to a report by accounts in for it says the deals amounted to roughly. fourteen billion dollars so far which is the lowest level and see years the uncertainty in the euro zone and a smaller number of large nice things from state owned firms created unfavorable conditions for i.p.o.'s but emerging markets are still the leaders with china topping the list and the number of deals russia is out of the league because the last summit hosted an i.p.o. was last summer. that's how business looks the sound of all right thanks very much we'll be checking in with you next hour to see how the markets are faring throughout this last trading day of the week. i'll be back with a recap of our top stories in a minute how about a special report on the former soviet leaders stay with us.

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