chavez dies at the age of fifty eight full of an almost two year fight against cancer. now chavez has gone the nation's dependent on venezuela's vast oil reserves are wondering how supplies will be affected and whether they can get a bigger slice. egypt's president considers taking full military control of the rest of city of poor saeed after days of clashes resulting hundreds of injuries and at least five deaths. on the prata live a bank of bonuses in europe sees britain routed a desperate defense of the lavish executive pay outs in london's last great industry.

you're watching all it's a lie from the heart of moscow it's three pm in the russian capital now our top story seven days of mourning have been declared in venezuela following the death of president hugo chavez after he lost an almost two year battle with cancer the charismatic leader had suffered a number of health complications after returning from his latest round of treatment in cuba words of sympathy poured in from across the world president vladimir putin sent sincere condolences along with other latin american states and even america a high profile delegation will travel from moscow to caracas to attend the funeral but amongst the sadness is also anger venezuela's vice president nicolas maduro who broke the news in the interim leadership accuse the country's historical enemies of having a hand in the death because chavez held a hard line on the american stance during fourteen years in charge. reports from caracas. when israel is now grieving the loss of its charismatic leader sawzall

fuel which our supporters have taken to the streets across the country and the seven day mourning period has been declared to the president of venezuela died on tuesday afternoon nearly two years after being diagnosed with cancer fighting back two years why is president nicolas maduro announced the news describing his debts as intensely painful and a historic tragedy for the gantry when as well as milk to achieve life on state television to pledge their loyalty to man who wrote who chavez named as he's successor one of the world's best known socialist leaders and a storage group to call the united states chavez has undergone surgery four times and had a number of sessions of kenya terabit in the cuban capital have and despite his ailing health chavez was reelected in october last year to enforce term however he was not able to attend his you know gratian ceremony casting doubt on the succession of power new elections in

a swell and now have to take place within so two days when it's really an opposition leader and recook up realist who chavez defeated in last year's race has called for national unity in the wake of the president's debt. wizard at the united states over the weekend author and journalist ever says it's not a coincidence that he did so during a time of instability in when this well i'm this is been also typical over the past few years over the past decade really members of the opposition venezuela frequently come into the united states to meet with their either financiers because they get multimillion dollar funding from the u.s. government and its different agencies or from its allies their allies here in the united states. not everyone was unhappy to see him go in florida someone as well and immigrants greeted his damis was cheering and flag waving chavez was an outspoken critic of interior. and received a lot of condemnation from every row throughout his fourteen years in power for his

hardline views he infamously called u.s. president george w. bush the devil to sauza and seek speech to the u n general assembly and move that caused outrage in the west but didn't seem to affect his book polarity at home who was here yesterday the devil came out here. right here to the water and it smells of sulfur still today president barack obama said that with chavez debts when the swell is beginning the new chapter in its history perhaps hoping to move closer to this oil reach latin american states one way or another. so you venezuela is now coming to terms with the thought of new elections after the death of its leader earlier i spoke to want to be confident about the political divisions in the nation after the comandante his death she was in venezuela during the last presidential race in october. we see it was much maligned abroad of course but popular support at home why was chavez such

a divisive divisive figure it's quite interesting to see especially on our trip there we were there for his last election and you know it's often been said the child this is a very charismatic figure it's been quite clear quite evident on the streets in the campaign rallies when we were there watching him operate what shawn is really did for venezuela is drastically revolutionized the way the country is run and operated before choppers came to power it was largely seen close u.s. ally seen as sort of embracing the western economic model childless came from very poor background poor roots and he came to power with his self-styled so-called bowl of marion revolution where he wanted to bring socialist ideals to the country and change the country what he meant by that is radically and empowering the poor communities that for decades had been neglected in venezuela making them feel that they mattered in a system that for many years was set up in a way that was against them he was often able to sort of connect with people in

a way that other politicians you don't often see for example he would play musical instruments that his different press conferences his you know long nine hour marathon t.v. appearances may have been somewhat boring but even the even at the political rallies for example the last one that he held before the election we were there was pouring rain he was fighting cancer we knew that he was sick and he got right up there on stage you know walked away from his security detail walked up up front and started dancing with the crowd and you sort of love him or hate him you really sort of saw that the human being comes through and i think that really helped people feel that they can relate to them especially the for you know you talk to his charisma there and you mention the poor. in the social programs we do usual for some of the projects that help consolidate his supporters take a look at them for people living up in those longs or barrios there used to be no way to get down to the city to find work or go to school simply walking down those hills you think about an hour and a half used to be no public transportation until president bush on this build these

cable cars a literal lifeline for venezuela's poor and i was just cable cause was it that led to his popularity of course of course won't be interesting thing as what you saw in that clip we were sort of driving over riding over the barrio and venezuela is a country with a massively large urban population of some twenty million people about seventeen live in cities and until chavez came to power these people didn't have access i mean they weren't physically able to get down for example into the city to get jobs that's why the cable cars were important they didn't have any social services like health care for example so chavez helped build these free health care clinics that gave them for the first time access to services that most people in in developed countries are used to he helped create education programs he also got into these sort of micro financing programs for example if you and your friends wanted to start a sewing commune of sorts even the bank would give you money at interest rates that were much lower than typical financial operations and you were able to create businesses that way and so it really it empowered the community but it also led to

criticism that he was sort of using petro dollars to win over support with the poor you know which we talk about how popular the last election the one you were in in october the one you were there for was one of the most divisive it was an even though he won that election with pretty much the same percentage that he did in his very first the first time he ran for office fourteen years prior to that there were cracks that were emerging because although he won massive support with the social progress programs among the poor there work there was criticism that he wasn't the certainly building the kinds of institutions that would help venezuela develop economically sure they had a lot of oil dollar wealth that doesn't mean that they were necessarily building the kinds of programs that would sustain economic development and. there were also other problems that had pushed our supporters away even from the barrios for example the crime rate as well as a country has about twenty million people something like twenty thousand murders in two thousand and twelve just to contrast that with united states three hundred fifteen million people twelve thousand murders that same year so the crime rate was

incredibly incredibly big issue and so was cronyism and corruption those were also problems in the country that childlessness trying to battle but you know at the end of the day regardless of how divisive he was he's certainly permanently changed the picture of venezuela and also in the region because he has policies you know he didn't just work in venezuela if you try to export those policies to his allies in the region and sort of try to create radical change in that sense i love him or hate him he's certainly going to be remembered fascinating legacy for sure thank you very much. for more on the legacy of chavez i'm joined live by colin bogan founder of the labor friends of venezuela u.k. parliamentary group in support of democracy and social progress in the country mr broughton thank you very much for joining us here and i'll tell you first things first can i ask you about these accurate accusations coming from caracas and what you make of them perhaps foul play was involved is that a conspiracy or can washington now cause cancer. i think we'll have to see how this

plays out no obviously by vice president maduro has got some evidence that will be forthcoming but i think this. kind of. tension to divide the shelf as is being seen that even the dispute how his death came about as well let's talk about how america has responded and you've mentioned comments that america says they're committed to promoting democratic principles the rule of law and respect for human rights in venezuela the noble intentions do you believe them. the very noble intentions however it conflicts really with the history of. united states involvement in latin america i do wish that pledged to support for greater democracy what democracy seems to the american right is actually a political system that delivers a class of people who support the united states and that's his big problem when he came to power a ruptured up relationship and the rich and powerful in the united states have

never forgiven him for that. chavez won the last election in october before his health deteriorated by a very narrow margin was that a sign that maybe his support within the country was was already on the wane. i think that question you figures a narrow margin he won it decisively when it with a margin that politicians in so-called western countries obama himself in the united states david cameron in britain would actually dying for so i think if we look again at the figures i think you finished it with the biggest popular vote ever recorded at the last election taking those figures into account then will his successor be able to win the next election in we're told thirty days. i'm certainly hopeful and the thing about it is that obviously the big question now is. these more exist without chavez and i think if you speak to venezuela you can see there's a fundamental change taking place amongst the mass of the people the venezuelan

socialist party is a membership of nearly five million and i'm confident that both the memory and the actions of chavez will deliberate and a victory from a door in about thirty days time and if that does come to fruition do you see him continuing the policies late in place by chavez. or do you see i mean i have met. so i can say or do you see him deviating slightly in any way. no i think broadly speaking in the this brooke there is support for the more politics that. would or will be a spectacular it won't be as dramatic it will be a media in the way that chavez was but i think he'll do you'll certainly drive the grid process of social change forward in venezuela you talk about those characteristics that chavez had how big a blow is his death latin america's leftist leaders across the continent. i don't

think we should underestimate i mean you know to have politicians with charisma is fantastic unfortunately charisma isn't enough we've seen people like tony blair or even david cameron who claims charisma what we're really interested in is the ideas behind the charisma and there's no doubt that chavez has been a catalyst for a huge change in latin america and it's very significant that many of the leaders of the new governments in latin america see chavez as you know the person who has helped them tremendously so he has a massive effect both within his own country and within the continent of latin america and i think history will prove him to be one of the outstanding figures of the twenty first century ok thank you very much for your time here and say that founder of labor friends of venezuela a british parliamentary group in support of democracy and social progress in the country. so now the future of venezuela's vast oil reserves is grabbing the attention of the world's energy imports after

a short break we'll be discussing the possible repercussions of a reshuffle in the industry following the death of shots. more news today involve once again flared up. in these are the images quote world has been seeing from the streets of canada. trying to corporations rule the day.

sigrid laboratory. was able to build its most sophisticated robot which doesn't give a darn about anything mission to teach creation why it should care about humans. this is why you should care only on the r.-g. dot com. you're watching r.t. live from moscow and back to our top story the death of venezuela's president hugo chavez during his fourteen years in charge of his championed economic reform funding it with a vast oil wealth the country is one of the world's biggest oil producers and nations depending on those supplies will be keenly awaiting what happens next not least of course the usa artie's katie pilgrim joins me to talk about the industry's

prospects are good if you could often as you kate you know just give us a sense of how much oil we are talking about that huge amounts venezuela a big player in the oil industry as you just said they've got deposits of two hundred ninety seven billion bauer's and just to put that into perspective for you that's not slay on a paul perhaps even more than saudi arabia actually the biggest producer of oil in the walls it just gives you an idea of the vast amounts we're talking about here now in terms of production completely different story and that's because all of under development says nine hundred ninety eight oil developments as that she dropped full and twenty five per cent sound the country's currently the fifth largest oil exporter amounting to ninety five percent of the country's export earnings in toto and that's why many suspect that america and multinational companies are going to want to get back and tap in to that oil i wasn't u.s.

oil groups that invested in i'm built up venezuela's oil sector in the ai that's right spot on actually if we go about to the early twenty s. century it was actually oil companies that were the first ones to develop the worlds in the first half of the twentieth century as i say now let's talk about the nine hundred seventy s. because the country's oil and gas sector was nationalized now that essentially meant ousting foreign companies from the country since chavez became president in one thousand nine hundred ninety nine this process has intensified here's how much u.s. companies claim to have a loss as you can see just here now conoco phillips is looking for over twenty billion dollars in compensation exxon mobil is seeking twelve billion of chevron continues to have some projects in the country as well but it's under constant pressure that are running the united states remains the biggest consumer of venezuelan oil not currently account for more than fifty percent of venezuela's

exports and funny enough venezuela has actually been donating heating oil to some of the poorest families in america helping them to stay warm in the winter the programs that she launched in the wake of hurricane katrina rita has helped more than one point seven million people. now katie russia's interests this is the interesting thing paul because the thing with russia's interests is a lot of the contracts are actually based on personal relationships with chavez and his government now as we know ross now the head of igor said gena he's actually expected to attend the funeral and we anticipate that he's going to want to keep hold of some of those deals as well as morning of course now russia has a large presence in venezuela in the energy sector staffs also luke all has what in the country for almost a decade as well and gas from since two thousand and eight we mull china is also

a major player in venezuela's oil and gas sector several years ago with china development bank agreed to lead the country forty billion dollars against crude oil sales so paul you know you've got us russia china there's lots to scramble for in terms of oil watch this space in days program thank you very much now with every nation besides britain in agreement that bankers' bonuses need to be curbed to the u.k. has taken it upon itself to champion executives at greatest park london for a small church at the end of the year it would drive managers away depriving the country's last great industry of talent artie's polly boyko explains just what britain so adamant. it's that time of year again bonus season is in full swing the chief executive of h.s.b.c. is set to pocket and two million pound bonus this month by the way that u.k. bank is get paid could be about to change that's if the european union has anything

to do with it at the moment the average bank a salary is just under seventy thousand pounds a year but bonuses for top bankers can be many times more than their baseline depending on personal performance the success of the bank and the market as a whole last year the bonus pools of leading city banks went up to as much as two point four billion pounds of c. but if the e.u. proposal goes ahead next year banks would be blocked from paying out bonuses larger than double in employees basic salary much against downing street swishes some banks. people. some profits some tax revenues. and to that extent written before voices inside the city say that big banks in the u.k. might be forced to pay higher base salaries in order to keep the most talented executives

there are very few sectors in which united kingdom is a world leading financial services is one of the high basics impose a constant overhead which can be adjusted easily from year to year whereas the bonuses can be part of the success of the market has been that element of flexibility you can award. in one year. another year and with the european economy still flatlining voters want to see those bonuses down but there are fears that the measure could end up putting london at a disadvantage to the turks tape. coming from buying because not just in the bonuses but in general is huge estimated to be over and above forty billion pounds a year so the point here is that effectively this is taking away people

from the economy this could be forcing people to go elsewhere and the trickle down effect of that will be dramatic overregulation and all there is has cost the many of its manufacturing hubs also new economies coming on board and that has obviously had an effect bankers might not be the most popular characters in all staring at a stricken rating right now but the fact is that the financial services industry is vital to you hey it's one of me and a few days but one thing that is including chancellor george osborne say that that concerned that it can happen as thinking that it's not just on the city of london but on the british economy as a whole the rest of europe however is determined to push compensation in the financial sector down with a final vote penciled in from a bonus season next year could end up being an altogether more subdued affair. see london. palestinians say israeli forces are increasingly resorting to live gun

fire during protest rallies even the peaceful ones human rights groups report dozens of civilian casualties from excessive use of force official israel denies all this but those who took part say the reality is quite different. some of them. nariman captured on camera the shots that would kill her brother two bullets in his stomach and. when i can people were shouting he got shot with a line i didn't know who got shot they were shouting in russia. i didn't know what to do i went down the hill where the soldiers were firing and i started shouting press press the soldiers shouted do not come down will shoot you i open my camera and i decided that i'm going there even if i die. now remans brother rushdi hadn't even been part of the stone throwing my witnesses say the soldiers fired

tear gas and live bullets even before the children started throwing rocks at them. wasn't part of it he went to to help evacuate the injured. i wanted to throw the camera down and hold my brother in my arms but i kept filming my brother's face was covered in blood my uncle came and the soldier said do not worry it's his leg he's alive from my experience they wanted to help they would call the ambulance from the closest settlement when they wanted him to leave i told them he should give him first aid and they said it is not our problem he could die. and two days later rushdie died the bullet that killed him was fired from ten meters away he was unarmed if you follow the official rules yeah it will be almost impossible to soldiers to use ammunition in these situations but we've all been there we've all done that when soldiers face palestinians on the field the the orders and missions we are getting are very far away from one. the army claims officially the law says

soldiers can only use live ammunition when their life is in clear danger tear gas and rubber bullets are loaned but only for dispersing crowds from a distance and we're not fired directly on the protesters but these really center for human rights but selim has found that in total israeli forces have killed fifty six rock throwing palestinians since two thousand and five six were killed by rubber coated missile bullets and two gas canisters forty eight were killed by live ammunition power of the variations show a wide and systemic culture of the misuse of crowd control weapons by the israeli security forces in the west bank this means that the army violates its own open fire regulations regarding the use of rubber bullets tear gas it's quite of a well known practice and the army denies that it exists but you know russian replied child requests for an interview the i.d.f. say that the bit cell of a port presents a biased narrative relying primarily on incidents that are too old or still under

investigation by the military police the i.d.f. went on to say that the i.d.f. does everything in its power to ensure that the use of white dispersal means is done in accordance with the rules of engagement we're talking about five six hundred one thousand tear gas canisters a day are being shot at these protesters as it's way beyond our imagination there would be about clouds of tear gas on a village below palestinian anger and defiance an act of despair in the face of his radio military might rushdie's nice thirteen year old i had to meet faces the soldiers after they rescued her brother imprisoned her father and killed her cousin three months after this confrontation with her beloved uncle rushdie would die a police free r.t. to have it. the u.s. and china have outlined the new even tougher sanctions they want to impose on north korea to punish it for a recent missile test. in response the only on from is to council the cease fire

deal that ended the korean war in the fifty's and threaten to attack the united states with lights and small nuclear weapons the south has warned it would not hesitate to strike back but east asia x. but going forward thinks the north traditional ally beijing is only siding with washington this time to shield itself from the bigger american threat. the chinese . government is genuinely annoyed with north korea. with this particularly with the third nuclear test because it's a given you know excuse to the united states and japan to deploy theater missile defense which nobody threatens north korea but threatens china and at the same time gives to the you much more nationalistic incoming government in japan and an excuse for removing article nine from the constitution's a referendum and actually remilitarization to a degree japan where clearly those troops are not. army and navy and air force are

not just for you but also are there available with the you know the boundary disputes we have been in the region china whatever it thinks of north korea actually prefers north korea rather than the americans are only on the yellow river now stay with us here on a cross talk is coming up. choose your language. actually we can we know if you want to say still some of. the consensus you can. choose to give to us that you think great to. choose the stories go to. choose the access.