tripled its weapons export to a record high of over sixty six billion dollars last year. from the full so national and homeland security believe such huge on supplies will not make the wells a safer place we have a huge military industrial complex which requires all sorts of care and feeding but that's part of the deal frankly as we start to look at minish military operations in iraq and afghanistan the brutal truth is this we have an industry which is looking for new markets i mean we're talking about the u.s. ten times larger and it's exporting of weapons right now and the russians with that

said no one believes for a minute expanding markets are going to help make things more peaceful obviously the more the greater influx of these weapons into any country especially some of those in the middle east which are greatly unstable i think go very far to continue to see further just new stabilization of the middle east as we go now at a just a moment on dmitri with a business finale though to feel free at least for a few minutes that's what a group of palestinian women a striving for when they get behind the wheel of a life in the occupied territories remains tough but that hasn't stopped these women from shattering the status quo. how's that high speed story. asked sasha noble and philistine yet this is the middle east coast all female racing team they have guts style and panache and they're all to smash speed records

and stereotypes in the conservative arab world there was quoting. the whole nothing i say with the boys and we should be. cleaning up something like the five palestinian women come from different walks of life they share this. passion for breakneck speed they compete against the men and more often than not they win well some of them don't like it. they feel jealous. because sometimes they're between them also a girl betty being you you know but slowly they're winning over the male drivers who are now trying to recreate them in the first beginning when i heard a little girl in the us. they were not dr good to be like somehow funny but they were driving good so good morrow as a whole was the palestinian women's champ for two years running and often comes in

the top ten for first time behind the wheel was you know early teens she used to steal the family car for joy rides near her refugee camp in jimmy lucky for her both her parents were driving instructors they recognized her talent and channeled it. my parents are behind me and support what i'm doing we are facing a patriarchal society so it is not easy and at first we had some problems with our neighbors but my family support helps me go on. between the donut spins the handbrake turns and a lot of disapproval there is also the reality of israel's military occupation of the west bank. and key but my because of the occupation because of the checkpoints we are always late so we have to speed to be on time when i'm driving i feel freedom from their occupation as well as being a professional racer mason is also in charge of managing the girls and getting sponsors to help them continue racing it's

a challenge for an all girl team and love it low that these women are determined to forge their future in the occupied fast lane happen quite be they speed and freedom of a fast car in some small way using the power at their fingertips these drivers are challenging the way women are seen and treated in this part of the middle east policy or our team jericho. or let's go the ali person is with dimitri there you are good to see. again certainly an interesting topic though where india wants to join russia's vast arctic shelf that's right well it's very rich in resources but they're not hard to get to then again requires a lot of investment but could generate very hefty return so india really wants to join america's exxon mobile it's of these any and norway's stats oil as artie's prius reader ports. india is eager to grab its own piece of the arctic shelves

energy rich pie india's. is looking to have a stake in one of three joint ventures russia's roast has planned with america's exxon mobil italy's norway's oil under the deal each of the non russian partners would have a thirty three percent stake in one of the projects with roast snuff and pay for all the initial exploration cause india's oh n.g.c. wants roast enough to let it buy into one of the three projects but if that doesn't happen it says it's willing to look into one of twelve future projects russia has plans in that reach it it also says that if it can't get its hands on a thirty three percent stake it's willing to settle for much less at around eight per cent there is a lot at stake here the u.s. geological survey says that thirty percent of the world's undiscovered natural gas and thirteen percent of the world's undiscovered oil can be found in this region

while india still has one of the largest economies in the world it has faced a sharp slowdown in the past year with limited growth in the country's i.t. and call center industries european stagnation has also impacted the indian economy which exports a lot to the eurozone countries so india is really looking for new development projects and believes that tapping in to the natural resources in the arctic shelf could be a potential answer to its economic problems. all right let's move over to the markets this hour and the for the other backs of the kalina you can see frankfurt is down more than one percent has one of virgin main of politicians alex dublin says greece's your exit his face we have a double and also disappointing figures coming over in terms of g.d.p. from spain it's down point of four percent from the previous term that's positive

it. has moved over to currencies the euro is actually gaining to the dollar this hour as the european central bank is trying to ease the liquidity requirements in order to facilitate rescue programs and efforts and the russian ruble as you can see there is declining against both parents these around one percent to the euro. on the russian markets movement has gone down now with the r.t.s. declining by more than half a percent that this this is as tropical storms are looming across the globe we've got isaak which is on the bridge on the verge of becoming a hurricane near the coast of louisiana and there's another tropical storm typhoon actually on the coast of south korea moving towards rush's brewski island where the apec summit will be held so that's pretty worrying too. right poverty is back in the europe according to consumer goods giant unilever the owner of the personal and

lipton brands says they're now treat the e.u. as an emerging market selling washing powder and mayonnaise in small packs and creating low cost brands for t.v. and all of oil companies european head says if a consumer in spain spends just seventeen years on shopping we can't sell them washing powder for half of their budget. that's what i've got for you this hour or . so you're saying. just women who are naughty will get in the headlines and then we meet a one man band a guy with only a camera who starred him self in a very high. the biggest conflicts of a twentieth century do stay with us. line

rushes would be soon which brightened if you knew about someone from funniest impressions. his friend starts on t.v. dot com. wealthy british style. fast but i'm not surprised by.

markets why not come to. find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune into cars a report on our.