or new threat to the global economy and financial stability while he was speaking in paris to bank of france conference it's all the head of the meeting of g twenty finance ministers and the chairman said that the uneven flow of funds into the u.s. from two thousand and three to two thousand and seven was one of the key factors to let that lead to the financial meltdown in two thousand and eight he also warned that capital flows are now once again posing some notable challenges but while defending his own at q e two policy that injected six hundred billion dollars into markets he said the countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals now without specifically naming china i think it's still pretty clear who he was referring to but if the finger pointing continues for who the greater currency manipulator is is there a real chance for any solution to be agreed upon joining me from our studio in new york to discuss it is r t s financial correspondent lauren lyster lauren thanks so much for joining us now h

one was the bank of france, and the other was the gally mar. gally ma rrk was immediately closed down and they were told that if they fired all the jews who were there, some who were very few, my father included, they could reopen, but had to hand over control of the jut put to a fascist author who was dually hired, stayed there for several years, and he committed suicide at the end of the war. there's no right way in publishing, no matter who your sponsors. [laughter] it's interesting. when you look at it, they were incredibly careful and they planned everything. they knew france in the 30s was absolutely filled with antisemites and right wingers and fascists themselves. they had people to put in charge of the press and movies and so on. they did. they put them all in immediately. in many cases. -- in many cases, the travelers were worse than the nazi occupiers were. i just finished reading cultural life in france during the occupation, and he, among many others, points out how remarkable it is that the country was that vicious in its dealings

this is how president sarkozy of france responded to jamie diamond he said quote too much is too much the world was stupefied to see one of the five biggest u.s. banks collapse like a house of cards i don't contest the principle of securitization the one offshore country guaranteed seven hundred times its g.d.p. early in the market economy or in a madhouse. so cozy is absolutely correct and i want to direct jamie diamond attention to what's happening in tunisia algeria egypt athens dublin the global interaction against banker occupation people are angry and they've got their pitchforks they've got their torches they have historically used good things when people like jamie diamond get into the mix and steal with impunity that's wrong. is that just think this is not just psychos eat this is and all the people writhing around the world. and now a congressional committee the financial crisis inquiry committee has also found these very same people guilty so their next headline is financial crisis was avoidable inquiry finds of course we all know course it was avoidable if you give a god a loaded gun to a maniac and you point out he kills people where th

of designer salt. >> reporter: at left bank in san jose, you'll get a taste of france from the foods that come out of kitsch on the crisp white lin. what you won't find is salt anywhere. >> i don't usually use table salt. >> there's nothing but kosher salt or a french salt. but when he's at home -- >> like the foods. they boost flavors right up. >> reporter: the chef stays away from salts flavored with additives opting for about a dozen mineral salts from around the world. vom different textures, noticeable here on foie gras. >> just put it on top. >> reporter: from his stand bito this one mined in iran. >> this is more for that. >> reporter: blue crystals are an optical illusion that set you back about $300 a pound. before you dish out that kind of test, do a taste test, cucumber or tomato. >> fruit or vegetable by itself, then one salt then another one and see which you like best because they're all different. >> reporter: one of his favorite is the australian murray river salt which gets its color from a salt-resistant algae. >> you can taste it on your tongue and it melts. >> reporter: it melts a

of course footsie is trading slightly in the red is pretty much corrected almost two years in positive territory but just point its swiss bank u.b.s. boasts a net profit of seven point two billion swiss francs for twenty ten is the first for your profit since the financial crisis and that's supporting markets preventing further down russian markets are trading in the red however correcting as crude as cooling turn around eighty six dollars for west texas crude outflow of capital is also quite significant from russia the negative factors right now in the market adding to monday's sharp losses that's a day after it suspended a stock buyback michelle the dispute meanwhile weak crude prices are pulling down stocks like rose never you can see they're down two point four percent and the is down heavily almost four percent as i mentioned investors are not sure about the upcoming s.p.o. price and therefore they're ditching the stock. russia's trade surplus grew by a quarter last year to one hundred sixty eight billion dollars as. price of oil and gas boy experts now china overtook the netherlands and germany to become russia's largest trading partner in twenty ten as turnover rose by fifty percent

bank u.b.s. also that profit of seven point two billion francs for two thousand and ten first full year profits and actual crisis marks and spencers topping the list gaining two point four percent and this mining group xstrata one of the jumpers for your profit thanks to stronger commodity prices. russian markets are trading in the red as he's losing half a percent. is down nearly a percent known as chemical is adding to monday's sharp losses the day after it suspended a stock buyback of a shareholder dispute meanwhile the weak crude prices the energy sector with one point. three days. four consecutive days of losses. russian banks saw the volume of household deposits grow by a third last year the total amount of all deposits in russian banks reached three hundred thirty four billion dollars despite ruble interest rates in some banks being lower than the rate of inflation most russians still prefer to save money in the national comes. and that's all for now which you may be doing or less than one else formal business news here are not. well when one deals with war for us to realize that this tremen

stock markets ended thursday session lower led by heavyweight banking stocks also air france shares were down seven point seven percent of the airline issued a profit warning on its head said there was excess capacity on some routes the dax managed to recover at the end of the surge russian. stocks end of the session deep in negative territory third session of losses in a row first as are shifting their assets out of developing countries concerned that inflation will hurt growth in emerging markets energy majors were the main drag as well dropped to around eighty six and a half dollars a barrel throughout the session was the sixth day of decline from there it was dropping just two of percent at the close investors were worried but the refiner could suffer the most if the russian as a monopoly watchdog forced fuel prices drug maker protagoras down two point seven percent at the close after reporting twenty times revenues rising nine point one percent is going to west. this is not been the best of the week for russia and again i think it will turn out to be having been one of the worst performing emerging markets story her

bank u.b.s. has posted net profit of seven point two billion swiss francs for twenty years the first full year profit since the financial crisis positive sign and in russia the markets are still trading in the red correcting as crude is falling to around eighty seven dollars. and there's also a significant outflow of capital from russia in more detail now some of the stocks nickel is adding to monday's show losses down one percent that's the day after it suspended a stock buyback amid a shareholder dispute meanwhile the week crude prices as you can see the adding their toll and taking it all in rosneft it's down two point two percent and b.c.b. is down heavily more than four percent this is as investors are dropping the stock due to uncertainty over the upcoming s.p.o. price john however from citi bank says there's a number of issues giving the market pause for the full. first of all we had crude continue to slide from ninety dollars last week it touched ninety dollars plus per barrel brant was even higher above one hundred dollars second we had chinese raising interest rates today which is not taken

of the territory just a notch swiss bank u.b.s. post and that profit up seven point two billion swiss francs to twenty ten is the first full year profit since the financial crisis marks and spencers topping the list on the gaining more than two percent anglo swiss mining group xstrata as report of the jump in its full year profits thanks to strong commodity prices it's not the most. rational markets are trading in the red correcting as crude as for six dollars and there's an outflow of capital it's quite significant from russia take a look at some of the stocks in more detail north nichols adding to monday's sharp losses day after it suspended the stock buyback amid a shareholder dispute while the weak crude price is pulling down energy sector with the us now down two point three percent and d.t.b. is posting one of the strongest loss is actually the biggest loss is down point three point three percent that's because no one is sure of the placement price of their shares of their. russia's trade surplus grew by a quarter last year to one hundred sixty eight billion dollars surging prices but whether gas would be exports china overtook

leaders such as president sarkozy in france and germany have also voiced concerns about multiculturalism but i think what they're talking about is a state banks concept of multiculturalism so in other words a deliberate policy that governments in the u.k. and across europe. over many decades of fostering different separate communities. you know in a way that was well meaning but in a way that has failed because those communities of remain separate people have not embraced a single identity that binds them together and i think therefore if we talk about states state about multiculturalism yes it has failed ok but you're talking about state backed multiculturalism here you're saying it's partly to blame but there are other politicians in the e.u. who say that immigrants who fail to integrate they also to blame can you just cut straight through to the chase here is there someone or some group who we can truly blame for this. well i think. what the politicians have said is that it is the it's the government's responsibility and i think governments have to be held to account i'm loath to blame people that are that are coming here i mean it is incumbent upon

france french under sort of vision or else said. fourth quarter profit quadrupled due to turnaround at its russian units the russian duma banking business had a first team million euro profit compared with the loss of fifty eight million last year russia which is the lead the second largest market by employees may become the biggest contributor to the international return by twenty fifty. brief the possible merger of russia's heavy truck producer car mass with its bella roots rival is a step closer to reality of the delivery stephanie prime minister will give us in moscow echoed russian technology is designed to consolidate the two companies but central merger could see come as a man as to create a new company and would in turn give mad shareholders of forty nine percent stake. in this week's news very curvy t b bank which successfully sold ten percent of its shares on monday is planning to snap up bank of moscow the bank is expecting record profits for twenty ten in addition to these positive developments between bees deputy chairman go but moose said that the non-performing loans been steadily shrinking in the past year while it's cre

ministers from britain, france and germany, representatives from china and india as well as the world bank president discuss the global economic outlook. panelists talked about the relevance of the g20, signs of market confidence and the strength of the euro. this is the about an hour and 20 minutes. >> it has been my great privilege to moderate this session for a little while for some years and very interesting over the years how it's changed. we have a panel which, as you can see both immensely distinguished and quite large because we're going to present a sectional problems i'm sure for the moderator but i will do my best. the, we'll, despite the fact we've got a little more time than usual they will be incredibly and wuffli disciplined. let me introduce the panel very, very briefly because really you know everybody. and i think i probably know everybody too. so, on my left immediately is bob zoellick, president of the world bank group and a new member of the fan club of gold which we'll come to in a minute. next to him is montek ahuluwala i often remark was my first boss at the world bank. and, is now deputy chairman of the planning commission. very close by to the prime