this katie said there was all the business news david cameron are trying to convince the rest of europe cut spending that's. the same tighten your belts it's the way forwards but the french they don't want to do that they want to spend their way out of it and also as well but going on holiday ever well in the believe me going to celebrate the joie de vivre course got a little bit of time verde when times are tough it was was a life of. you know they like the holidays i've come out on top in a poll thirty days vacation which is the highest in europe so i guess i was hearing more of that later also to talk about the russian ruble as well why it's a lot at the moment i mean well people want it they want in their posts they want to and they want to so that's interesting stuff that's all coming out in the business but it's in after the break or a forward to it. good

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i like that welcome to businesses sound altering the last few days the russian ruble has sent the biggest growth so the cars get into months our correspondent marina calls her via explains what's behind this. we're seeing an interest in russia from foreign investors and that's because we're expecting to see the liberalization of the dead market on the local markets here in russia and basically so far only russian banks were working on the federal loans a ball in the markets but that's about to change very soon in the form depositories will get direct access to the russian market so basically what has happened was seen international funds and foreign investors selling their dollars in buying up rubles when this access will be granted now also if you take a look i government bond yields especially when it comes to ten year notes and

compare russia to other countries like germany the u.s. and the u.k. the picture becomes clearer you see even though it's safe for if you will to invest in countries like the u.s. you will be get in the last strike on the floor to invest in countries like greece but then again greece has the risk of a default so in the way of russian access there's a middle ground where right now a lot of people in a lot of investors are seeing that it's a good risk to take if you will because we always know that for many investors they see russia as point risky but definitely not as risky as greece so they could get a health of return if they invest in russia and that's what we're seeing happen right now marina as we know the ruble is fairy sensitive to oil prices high right so without a mind tensions in the middle east how is the ruble responding if the toll. here you go the oil prices have actually helped to the russian ruble strength thing we all will know it's not a secret the russian is very energy dependent and depends for its profits

especially when it comes to oil and gas now we've seen high oil prices and that's because as you mentioned from tension in the middle east because that always causes concerns over supply disruptions so because we've seen really high oil prices that recently we saw that go into gains especially when it comes to the russian currency but also we have a russian exploiters over the line. what they would do is they would convert their euros and dollars into rubles because that's what they would use to pay taxes also we had fewer imports so demand for foreign currency on the domestic market has really gone down. so we've got in mind let's have a look at how the russian ruble performed on thursday then as you can see it finished the day mixed against the basket of currencies meanwhile the euro continues to push higher verses most major rivals us including the ruble and it's been traders work says the thanksgiving holiday in the euro is not so the european

stock markets advance for four for the longest run in five weeks down the saucer of course signaled chinese manufacturing spada for the first time in months and it was metals stocks in the take the climb on the news of time at rebounding pierces here most of them ended the day with losses prices with a big impact as we've been saying on the domestic markets because of the dependency on energy and as you can see pretty flat out of myself down around a quarter. it's been a poor year for russia down around ten percent and they continue to trade of the shop discount that emerging market pay is now discuss why that should be the case some don't buy maypole from the business that's a hello like you so tell me just how cheap all russian actions right now well it's important to remember a thing from the outset your do cheap and good thing with just in case when you're

buying anything else we'll get to the idea of value in a moment but the best way to investigate whether equities are cheap is to compare. things ratios with which is here and in other emerging markets around the world there are probably earnings ratio is the price of a shared voided earnings of that share and you can see here from this graph russia trades at about four point seven times. to china ten fourteen for brazil and india sixteen now that means that it's trading at about a forty zero percent discount to china and more to brazil and india and by that metric rusher is indeed very cheap and the stars an investor is concerned and a good bet that while this is where the question of value comes into it there are reasons why russia trades at this discount the political risks here are still seen as quite high plus the pace of economic reform is quite slow. the economy is relatively strong. it's growing at about four percent per annum and the

budget is balanced that is very good compared to some of the other more developed economies in western europe and usa for instance another factor to consider though is of course the market here is heavily dominated by energy stocks and energy stocks traditionally have a lower p. than technology stocks compare them with something like facebook which has a price earnings ratio of around about forty one so it makes a good time to balk at honda's. view of investment here they suggest the market is a little bit oversold but not dramatically so they predict the by the year and it will be the r.t.s. will reach sixteen hundred but they very much emphasize that the investor should be looking for quality. blue chips and companies that pay a healthy dividend and they is that says you know what. you have to happen to come

and invest invest and you have to be savvy a right if i were kind of person to come here to invest that money well it is still a risk country heartbeat a country if you look at the way it's performed since the turn of the century it's actually done very well especially until two thousand and eight out form virtually everywhere else since that is had really been going backwards in. down forty five percent since the market peak in may two thousand and eight. if you are betting that the rebound is imminent as i say treaty is suggest that this may be the case. it could be the time if that's what this investment things but it is still a risk and reward market ok superduper nick pope reporting from the business desk thank you very much indeed. now u.k. prime minister david cameron and other e.u. leaders are in brussels right now to try and agree

a european budget from twenty fourteen for seven years while mr cameron wants spending to be frozen he is facing resistance from from a country that has recently been dealt a triple a credit rating stronger pain by moody's agency and i spoke to mark harrison from working with us to he discussed the different approaches of both a condom is in tackling that the job of the rating agencies in this game is to say what everybody else already knows both britain and france face serious problems i think there's a couple of differences between the french and british situations one difference is that the french and the british are going about problems in completely different ways the french are trying to solve their problems by putting up taxes the british are trying to solve their problems by cutting spending there is a lot of uncertainty on myself feel very uncertain as to which way the economy's

going to go in the next two or three years i think it's certain that there will be a recovery the problem is that we don't know exactly when it will come what pressure do you think david cameron is on the now to try and prove that he is right to remain in the european union because that's not a popular membership either. i think it's very difficult at the moment there is a lot of public hostility. to britain's european union membership i think that the same time britain remains quite dependent upon the european market for its exports and continues to grow in some benefits from being part of the european union if not part of the euro zone british politicians always been reluctant to sell the advantages and so what is the situation now is there is a lot of public hostility to europe as a concept so i would say even though i'm all fronts by be tackling a financial crisis right now it seems french workers are all taking a break from it all according to

a new poll different views an average of thirty vacation days every year making them joint world leaders with brazilians is pretty generous when compared with an average of twenty six days holiday for the rest of europe and an average of just fifty while the wise and it appears no credit rating downgrade or economic gloom is going to change that way seventy two percent said they were planning to take the same amount of holiday next year with ten percent wanting even. and that's all from maze of the business desk up next we have more news with kevin i am here and i'll say.

the rider that takes your breath away pleading across the sky as it was a mohnish could you know the biggest salt lake in europe and more than two hundred species of birds that are also it is and are on the verge of extinction on these islands in the south of russia they find shelter before migrated to other parts of the world much of theirs here we see the great white pelican and several species of the dow mation pelican which are both in the red dates of birth but there are only forty to fifty couples left in the region your palate can use as well as other species at the monish gugino feed and face these birds are waiting for their parents to bring them food the best cash for them is in a small area is a lake with the war is relatively fresh as fish cannot survive in the salty a part of the money and the lakes getting salt every year they manage to do lows and all to fish oil reservoir which has failed in the nineteen fifties in the areas hot climate the evaporates quickly and the local saw as natural sultanas takes over

just for the post reported storm and there are relatively few water sources here some water comes from the dawn river and some from the cuban during the last three to four years we've had a very severe drought can do to this drought we are practically standing on the bottom of this like it's been falling every year the majority of birds have been retreating as well or they nestle in new orleans. of birds the drying out of the lake also threaten one of the world's biggest populations. they live on one of them on and on and one next destination. there are more than four hundred is the animals here the air is a protected wildlife reserve it's a place of serene peace and calm in recent decades dozens of canals have been dug around here to cultivate the local staps broad grassy plains this may be useful for

humans but it does badly hit many species as the animals here for instance so i get into lopes which are extremely shy was scared away only to be killed in the hundreds of thousands by poachers folklore here believes the substance found in their horse can cure impotence just some forty years ago there were more than two million saigon antelopes living in asia and they lead nowhere else in the world but now people brought the species to the brink of extinction this region is be reaching alive for thousands of years but now we know relatively short space of time it's my been diversity of creatures is second and far it's by man and nature itself.

the world's most provocative pop stars is once again in the spotlight russian activists are trying to drag madonna to call for what they claim is gay propaganda are also accused of bridging state security. ski reports. not only according to these activists madonna poses great danger to the family institution in russia not only she has offended the feelings of many by openly supporting the gay community in russia during her concert concert in st petersburg this summer but also these activists believe that she in fact poses a threat to the defense capabilities of russia they say that people who believe what madonna told them during the concert will be involving themselves in all different sorts of good and thus they will not be willing to serve in the army and protect their country these activists were determined to go to the end with a case they were determined to receive ten million dollars of compensation for moral damages but now the case has been turned down by the judge of the st petersburg court and now in fact these activists will have to pay

a certain sum of money for the services of the defending lawyers of the company which was organizing the tour of the american pop star now certainly madonna has been no stranger to different sorts of controversies all throughout her career for instance she exposed nipple during her concert in instills also she supported the. controversial punk band pussy riot during her concert in moscow and the biggest intrigue in the biggest question was whether she would turn up for hearings in the senate is record for now definitely this would not happen but definitely the story has been a very interesting one and if we have any developments on it and your reactions from the pop star we'll certainly deliver those news right away. so it will be a quick check we've got online few tonight search style explosion in the heart of russia's maze of pictures here this isn't a result of some massive military invasion or if it was some of the negligence in and the substances of gas went up nobody injured there thankfully more pictures on . the dogs certainly is man's best friend specially if it's made of steel and it's

helping clean of japan's fukushima nuclear power plant we got more interesting but a technology doing a very good job on our web site r t v dot com. many tourists traveling to india are drawn in by luxury with a cheap price tag street or reports next for receiving the most basic services the joy of go to hidden cost to local communities. beautiful beaches and luxurious resorts may go on the western coast of india a tourist hot spot for people around the world really enjoy it we just arrived a couple of days ago so we really enjoy tourism drives the economy here and go up

but it comes at a price a new study found that tourists actually use eight times as much water the local go to during peak season sometimes only get access to running water for two hours every other day go ins used to depend on wells in their neighborhoods for water but the population in the small state triples during the peak tourist season and with no proper sewage systems in place many wells have become contaminated forcing locals to rely on the erratic public supply. for emergency. room have. seen that plastic bangs and on and we have to keep the laws there's no law. but while the locals access to water is draining. just down the road water flows freely in the resorts or tourists enjoy fountains fish ponds and splashing in the pools that's because hotel leaders can afford to

dominate the limited supply even if they do so illegally most five star hotels get water from tankers and most tankers operate without a license they take water from local wells in neighborhoods where extraction is banned by law what music was so i know you. so the restaurant owner foods he has to buy from but. no doubt but he's forced to buy the average tourist enjoying go as water features as here for less than a week willing to pay up for short term fun but most are unaware of the frail future in this coastal community in my perspective i'm going to stay here only for . the. think would be most of the concern for those born and raised here at the disparity is infuriating half the population relies on tourists for their livelihood although it's one that leaves them without

access to a basic human right i first. think is no i mean you've lived till you've you've grown up in this area single you kind of silly is this fair i mean is this in this instance to be assistance to misplacing to the real risk and to the to the question is who actually benefits them to what is a cost but with no limit on how much water can be bought hotels will remain the highest bidder weaving the locals hanging out to dry preassure either r t go india international music brief thousands of protesters have massed on the streets of the south korean capital seoul on the second anniversary of one of its islands being shelled by north korea. the south of breaching naval borders during military exercises and responded with an attack that saw four people killed on thursday north korea threatened to repeat the attack to. rebels in eastern syria claim they've seized a key military base containing large artillery stockpiles after a three week standoff human rights organizations say the facility is the last

stronghold of process forces in the oil rich region it follows the rebels capture of a military airport in the same area last week nearly forty thousand people have been killed in the civil conflict started in the wake of arab spring protests last year . rebels from the militant group m twenty three of the democratic republic of congo say they're ready to seize the country's capital the statement was made in the city of goma which the fighters captured on tuesday after roasting u.s. backed government forces the rebel commander called on the people of the city to join in on the march to kinshasa to topple president joseph kabila un security council earlier agreed sanctions on the rebel leadership introducing a travel ban and asset freeze. around one hundred forty cars have collided. the united states state of texas creating a massive thanksgiving day pileup two people died eighty more in judaism urgency workers continue this search still trapped in their vehicles authorities are

blaming the actually been tense morning phone. as well the news we got time for this plenty more to come though in just about five minutes from now with me kevin i mean this is international. news today violence is once again flared up. and these are the images the world has been seeing from the streets of canada. corp the day.

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all you need is your mobile device watch r.t. any time of the. culture is that so much different each musician is apparently finding it more when the actual cease fire is over gaza after eight days of destruction and death what did israel actually achieve what about the palestinians. me me. me me me me. me me. me.

me. me. me live. in a. yellow ball before last fall criminals we have a lot of illegal call groups of them causes and sluices all our views in the whole more rising up against climate it was like many of that knowledge that wasn't. and i was. certainly can't do it through the. only effective social changes can be the afghans themselves

afghan men and women. because. it's. people in the obama administration talking about how much they care about the women of afghanistan it's not true they don't care about the women of afghanistan. wealthy british style sun. market why not. find out what's really happening to the global economy with much stronger for a no holds barred the global financial headlines tune into a report.