square sweeping government reforms and an immediate crackdown on corruption government infrastructure. with a heavy police presence throughout the city some experts are predicting that this movement led by a little cleric who's just returned kind of could spark a broader arab spring uprising. in the nation the arab spring. since the start of the protest movement to force its former dictator and demonstrators flooded the streets while the current president attended a modest ceremony in the capital tunis despite the regime change tensions are still strong with political activists organizing marches of their own in symbolic places . up to date for the moment i'll be back with more news with the news team in half an hour from now in the meantime natasha is here in the studio with us with the latest business news and what's all this about some of the biggest u.k. banks delaying bonus payments to their employees this year well they are plan planning on doing that but they're doing it to help their employees save on taxes

but let me tell you there are plenty of those in the u.k. who are outraged by this all the details in the business bulletin after a very short break thanks not attention. yet another tragic shooting right on the streets of the capital is a good cause to open the gun debate across the nation now all the talking heads are saying that you got to take away the guns to be safe well the problem is that the shooting happened right on the streets of the capital of a country where the guns have already been taken away paris france three kurdish women one of whom was a kurdish separatist party co-founder were shot dead at the scene of the crime was right outside recurse institute which leads the police to think that it was an assassination you see when it comes to terrorism drug cartels the mafia you can make all the gun laws that you want but the bad guys will still have plenty of guns

because they live outside the law al qaeda and mexican drug cartels don't go to the stores and patiently wait for their background checks to be done before they buy their guns take away all the guns through legal means won't matter there will still be murder and there will still be armed thugs and terrorists but that's just my opinion. it's thirty two minutes past the hour here moscow you're watching business r.t. welcome to the program. you can banking giants including goldman sachs may delay paying annual bonuses until april to help their employees save on taxes on april

sixth the income tax in the country will drop from fifty to forty five percent the practice receives fierce criticism in the u.k. since the move may cost the government as much as twenty billion pounds of unpaid taxes market petrol pollie the financial advisor of r. and while for management told business r.t. the practice of delaying bonus payments is perfectly legal. well if you will people in advance what the tax code is going to be people will alter their behavior to reduce the. tax there's nothing. implicitly wrong with out or legal. perfectly normal for people to. actually do that you can argue the point whether it's. right but of course the tax man will receive this

revenue. and this time now to check out the equity markets on wall street the picture is mixed the dow is trading flat to positive the nasdaq is losing about. quarter percent europe was mixed on monday with the footsie ending the trading day a quarter percent lower the dax managed to stay in the positive territory up about two tenths of a percent here in russia the indices ended two weeks first trading session in the red the r.g.s. on the my sigs both closed about a tenth of a percent below the line and moving on to the currency market the euro is trading stronger to the u.s. dollar here in russia the ruble managed to strengthen to the major currencies russia's economy will face serious challenges this year that's according to venomous t. daily which surveyed the country's top economists they say growth will continue to slow while inflation and the capital outflow will stay pretty high our

correspondent on the political warehouse all the details slower economic growth analysts warn this will be the main feature of russia's economy these year most analysts are more negative than their official forecast they foresee just three point five percent g.d.p. growth compared to the official four point five percent that's because the main driver of the mess to consumption isn't slowing down actually analysts say there's more thorson's of russian economic growth are exhausted what's needed not using a large scale privatization program and aggressive reforms far none of this really happened last year and experts warn that this year the risk of global crisis is decreasing and fast there will be even less incentives for the russian government to speed up the reforms if slow these could be a last year of relative stability before we see real negative changes in two three

years time. let's listen to the chief strategist at sabera bank investment research greece we for economies and pretty good shape it's quite resilient against slowdown in the west of the world and we believe that the government has enough financial resources on hand for this coming year to be able to deliver growth probably around three percent compared to maybe three point eight percent for two thousand and twelve you know longer term the risks are more and more serious this slow pace of reform that we see or there's a lack of progress some of the promised reforms which is keeping the economy very dependent on the oil price on oil revenues that represents certainly a longer term threat and unless the government really picks up the pace in initiating reforms and pushing reforms then we could certainly have problems in three or four years time in fact russia's central bank has already asked the russian banks to prepare for the worst the regulator recover mand of the banks to develop

a self rescue program in case of the crisis it's just that the banks are now going through includes the euro g.d.p. growth thirty percent ruble collapse and plunging fifty percent. but not everyone believes that russia's economy is facing a major new challenges this year steen jacobsen chief economist at saxo bank says just like in the previous years russia's economic health will depend on energy prices. energy prizes energy level comes down is what will impact mostly the domestic economy in russia i think roger is in a position where we can need to continue to see the handover from the one trick pony of the resource economy we need to see some sort of freeing up we need to see increased competition and certainly we need to see that the economy is more to the rest of the world you need competition domestically in russia for a number of reasons but i don't see any aspiring catastrophic seems for russia but us and you have to calculate the fact that in energy prices over the next ten years

could be going down on average and not as it has been in the last twenty years where one of the world's biggest watchmakers the swatch group is buying the watch and jewelry business of harry winston for one billion dollars paying seven hundred fifty million dollars for the company itself and then two hundred fifty million dollars to cover its outstanding debt swatch which is trying to expand out of the watch segment and into other businesses including high and jewelry for its part harry winston says it wants to focus on diamond mining. and that's the latest from the business team coming up next r.t. here is the voice of europe's working class as we discussed the euro crisis with a representative of more than fifty trade unions.

deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators a lot of. self imposed out costs from society i will cut myself am i going to tax my brother understand my one time immediately i am going to leave basically attack the cops of my anger and my frustration. the.

judge well into the dome. two of the most violent gangs in us history. is just all model kill or be killed with the colors matching the national flag. but this country uses violence when it reaches its and then it legitimizes the violence they all made in america on the odyssey.

thank you did i'm talking to owen to user who is with the team you see an umbrella group for more than fifty trade unions in the u.k. which represent a total of nearly six and a half million people working in all sorts of sectors from train drivers to teachers i want you to thank you for talking to us today now you are a great proponent of this robin hood tax which is a tax on financial transactions that basically a means to take from the rich and give to the poor is the name suggests why such strong support for tea she's been a supporter of the robin hood tax campaign ever since it was started in fact we were one of the organizations that helped set it up what we want to see is two

things firstly we're interested in a new stream of revenue from an undertaxed sector and one that caused significant damage to the world economy. to fund global public goods help us stop cuts in public services help us tackle poverty at home and abroad and tackle climate change but also. the exciting thing about a financial transaction tax or robin hood tax is the actually big gain changer for the financial sector it would it would make short termism an awful lot more expensive than a long term investment and therefore it would shift the financial sector away from being something that the rest of us service and it would actually restore the old idea of the finance sector that its job was to support the real economy rather than the other way round so in many ways you know the chief several objectives at once and that's one of the reasons why we support it so it's basically air attacks on large financial transactions is it retribution for the bankers it's not retribution

but it is about making sure that the finance sector that cause so much damage to the world economy and actually put something back actually helps to to restore the situation because over the last few years we've actually seen an awful lot of people around the world suffering as a result of the actions of the finance sector with the possible exception of the people at the very top of the finance sector who have gone back to business as usual paying themselves huge bonuses so a financial transaction tax would take a really small amount of money nor point nor five percent on average sometimes lower than that out of the sort of financial transactions that are going on all the time around the world in the finance sector but which don't touch ordinary people at all so this is trading in futures and options and derivatives in currency speculation and so on and we would prefer to see the vast resources that are currently spinning round the global financial system actually used to invest in

industry creating jobs and helping people buy homes the way you talk about it sounds like a no brainer but there are objections to it and there are those who say it would be bad for business driving trade elsewhere in fact when it was introduced in sweden something similar in the one nine hundred eighty s. a lot of trade moved to london. the tax needs to be designed sensibly and. we've had a lot of people working on this for a number of years we've managed to persuade the international monetary fund and the european commission that this is a good idea and will work and that wasn't an easy job they weren't you know they weren't falling over themselves to support what we were suggesting this readership example is an example of what happens if you design the tax badly britain actually already has a financial transaction tax at the moment it only covers shares which is probably you know with all of the bits of the financial markets probably the least offensive bit the one that causes least problems for the rest of the economy but that tax has

been in existence for about three hundred odd years and certainly hasn't stopped the city of london becoming the globe the globe's main financial center that's designed in a way that makes it impossible to avoid so that's the sort of design that we're looking for in the financial transaction tax and the i.m.f. found that sixteen of the g. twenty economies around the world have some form of financial transaction tax we want to extend it into the more recondite areas of the financial sector which are the ones doing least good for the for the population as a whole wouldn't necessarily even be a tax on banks what can you do to make sure that banks don't pass those fees along to their customers in the shape of reduced returns and higher fees for services their tax actually falls less on banks i mean we use banks as a catchall expression to deal with the financial sector actually it's mostly hedge fund and boutique financial individuals people doing high frequency trading these

are people who are actually just doing stuff on their own accounts so they haven't got ordinary customers they've only got high net worth individuals and they they will lose out i mean one of the reasons there's been opposition to the tax is some people who are now very very rich are going to be much less rich as a result of this and they're not happy about. but it won't actually have much impact to talk on the ordinary people in the street that some some tax will fall on ordinary people but the benefits that they'll receive as a result will far outweigh that so the net contributors through the financial transaction tax are the very rich with benefited most from the last twenty years of economic growth around the world and haven't been putting it back into the economy very often dodging tax in other areas as well which there which they're supposed to be one of the advance of the financial transaction taxes you can't evade it by by hiding what you're doing if you want to buy a financial product you have to pay the tax or you don't get the legal title that

proves you own it if the rich are less rich doesn't that then have an impact on people lower down the economic scale as well in fact people at the services sector the very people his jobs you're trying to protect the o.e.c.d. again no huge friends of ours in loads of areas have actually said that one of the problems with the world economy at the moment and one of the things that led to the crash one of the things that is holding back growth is inequality between the very rich and ordinary people and actually that that's the way we describe it now it's not even between the very rich and the very poor or actually what's happened is the very poor the poor and the ordinary working people have been left behind by the super rich who have massively increased their their income over the last twenty years and that hasn't actually helped anybody if you redistribute some of that wealth and create a more equal society then actually the o.e.c.d.

says. that will actually boost economies and make. make it easier for people to invest make it easier for jobs to created and so on moving on back in september your members very said to look into the practicalities of holding a general strike so far we've seen no general strike. does that mean that you found that it was impractical now we're still looking at the issue and seeking views from unions about it i mean i have to say the vote that was taken congress is an expression of the huge concern that unions feel about what is going on in the economy and that's something that shared across europe across the across the world what we're looking at is what is the most effective way that we can change government policy on where government is actually creating enormous amounts of damage and unions are looking for you know what is the way to stop this happening and is striking the way well striking is something that trade unions do the

withdrawal of labor is a fundamental human rights and sometimes it's the most effective way to get a resolution to a problem in almost every experience we have it's not the first resort it's the last resort that unions go for it if other things have failed then sometimes we have to take strike action unions and union members because they always get to vote on the issue take that action reluctantly they i mean it hits them directly so you know it's not an easy decision to take but they take that decision if they feel that's the only way to get the people they're bargaining with back to the negotiating table a general strike isn't unprecedented but that hasn't been one in this country for eighty six years is it important to you and do you think you can carry the general public with you on this well i think our main issue is whether we can carry the general public on our commitment to creating a future that works and tackling the challenges of austerity and if we can carry

them with us on that then i hope that we will be able to. convince the government to change course without recourse to anything more serious what's your alternative to austerity we want to see greater investment in jobs we've got a. at the moment where partly as a result of the global financial crisis interest rates are at the lowest possible level now is the perfect time actually to borrow to invest i mean not not as we're doing at the moment actually to increase borrowing so we can pay people to lie idle on the unemployment benefit what we want to see is we want to see the government working with employers and with you to identify things that can be done that would boost the economy boost jobs boost wages those sorts of things will include for instance house building we've got an enormous housing problem in this country and many countries have what we ought to be doing is investing in those bricks and

mortar partly because it improves people's quality of life for people who can actually live in those houses and partly because of the economic effects of rebuilding the economy we want to see more investment in in green jobs so that we can actually achieve growth without destroying the environment we want to see more training so that people have higher level skills that can produce that growth that will actually feed back in terms of wages and jobs those are the sorts of things that we think ought to be done instead of what the current government is doing which is slashing capital program projects slashing infrastructure projects a few high profile ones to get the to get in the headlines but but actually undermining the future. of the economy in this country so really any kind of strike or industrial action by workers would undermine the confidence of the very investors that we need to complete those kinds of projects that is undermining

investor confidence at the moment is that they don't think people have got the money to buy the things that they might make that's what is actually holding back the economy and not the actions of those people trying to protest about that and we've seen huge protests for instance in spades and italy and greece and it's not those. that are holding back investor confidence is the fact that people don't people who are looking to invest don't think they'll be able to get a return because they don't think there's enough demand in the economy what that means is we need people to be in jobs in work and money one of the things the government's done recently is to talk about harvey the amount of time that companies need to consult before making large scale redundancies to forty five days how have you reacted to that we don't think this is the solution making it easier to get rid of people is not a way to create jobs we favor of things that make it easier to create jobs and easier to. invest so that you can produce jobs but actually having the amount of

time that people have to get ready for unemployment and so on or find solutions i mean that's one of the worst things about this it actually means that it's easier to sack people than find a way not to sack them and we think it would be better if the government concentrated on vibe rather than making it easier to make people unemployed but don't companies need to stay law and then sort of ducking and diving trimming where they need to in order to survive in this kind of climate and indeed to employ anyone at all the actual countries that survive the economic crisis best with the ones with the most regulated labor markets with the most rights for working people . what we have in this economy is we already have one of the most flexible economies in the world and it doesn't seem to have done us any long term good terms of creating jobs or making people more productive this is the other side as the sort of solutions that i'm talking about are if you have to find solutions to

challenge of a falling demand you might actually go. to rather than simply saying oh well we can't do anything let's just let people.

markets why not. find out what's really happening to the global economy with mike scott for a no holds barred look at the global financial headlines tune in to kaiser report on r t.

i. download the official publication to yourself choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television or it just doesn't matter now with your mobile device you can watch on t.v. anytime anywhere. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators.

self-imposed out costs from society i will contact myself am i going to tell my brother understand my contact. going to leave. the call of my anger and my frustration. that upgrade well into the dome. to the most violent gangs in us history. is just all model kill or be killed with colors matching the national flag. of this country uses violence when it reaches and then it legitimizes the violence

they are made in america on the oxy. could be the ever after. i'd left something to live. so i'm all. for precious children. lay on my shoulders. leave it to. the night to. elude. us.

comes. to. us thank. you. keep. up the a.