cyprus has started another round of talks with international lenders aiming to secure vital financial aid but the cash holders all rushing to help out and stay with some of them fearing the bailout money could go to taxpayers in other countries such an uptick all the details for us now hello there tahlia so why are all these concerns about that well ok so there is actually a russian secret behind the story and probably the reason why the bailout is taking so long before the. song before that will be finalized which is why the frustration for cyprus as they hold the mahdi will be negotiated by next week ok a russian secret tanya explained well germany's foreign intelligence agency issued a report this suggested that a bailout would mostly benefit to reach russians are who have been stashing their black money in cyprus banks for years but cyprus is notorious to be in a tight haven for rich russians i'm thinking of all agog such as well dash of and that excelled. that i right yes and maybe more than that but we have to understand that there are legal shores as probably the case with thes

so mentioned that this means that this huge amount of money is a part of cyprus. failing banks the system and unthinking taxpayers in other countries particularly just many wouldn't really be too happy about paying for russian billionaires not really that priority right i agree about cyprus the whole thing is not true its government. about this report is just an attempt to target is the country's reputation as an international investment center they also said that they've. taken very effective onto more new laundering measures and that earned plaudits from the international monetary fund ok let's. get a week of these allegations that surely the repercussions to the would be to europe for the wild ride and that's why i think that international lenders will have to save these little countries and many russian oligarchs alongside otherwise cyprus will become the first domino to topple right. over details interesting stuff a day thank you very much i came moving on elsewhere russians have become a cause of competition between european countries local media says france

call it conor ria let's back up and take stock of the eurozone is back in recession another nation cyprus is on the verge of a bailout wrangling over how to get greece on track with creditors is still not resolved and talks just collapsed among european leaders trying to agree on a budget for the next seven years so in other words the e.u. isn't anywhere near out of the woods and it's also important to remember looking from abroad at the headlines coming out of these most recent budget talks to these are politicians needing to score political points so you may not be able to take everything that you read at face value so to separate fact from fiction we spoke to me as a journalist for the dow jones news wires and the wall street journal who's been covering this all in brussels take a listen. joining us now machinist as a journalist for the dow jones newswires and the wall street journal she's been covering all of this. budget talks collapsed leaders failed to reach an agreement on the budget with according to your reporting wealthier countries saying there just wasn't enough restraint in

rogers, the great ceo of cyprus semiconductor. thank you for your time.t's like a circus, like a spectacle in washington. the government is too big, spends too much. and the president called for a $1.5 trillion tax hike over the next two year. stock market is getting pummeled. what do you make of all this? >> well, i'm 64. so i've seen the circus show before. there was a quote i liked during the carter administration which is, where else would you send a clown but to a circus? the clowns are acting like clowns and they're doing destructive things. i hope we don't have a lock-up. i remember the last time that happened, it was a republican side thing where newt gingrich engineered a shutdown of the government. i personally thought it was kind of interesting because my life was unchanged when millions of non-essential government employees got laid off and it didn't change my life a bit except for it was easier to drive on the freeways. but newt got punished for it. and the party got punished for it. so americans don't like this. and i think they need to find

turkey right at the moment,nd tt is that he also said on his visit ate ul necniha he calls southern cyprus. the republic ofypss a fl member, and it happens to hold at tomt t ratg presidency of the eu. >> thanks very mh f tt alis in syria, the regime hasooed r ris renay in a bid to win back territory lost t rel >> there is rew sllgn e rtrnit of aleppo where much of t vlee s enakglan e conflict. >> human rht gupstat 3600 people have died in serious since the fighting ga ealg aut 165 people a day. >> an air strike byrn vemeorces reduces this street in aleppo toube. e strike comes suddenly and without warning inheide thda oou, op a lki r their family. they have slluct at tpuouth fire. en ty ke cl discovery -- cru discovery. ibrahimlp t cry his dead parents outside. their bods are so disfigured, is no longer able to tell who is who. they set off for the cemetery. aleppo, sia' lge cy,s going up in smoke. for centuries a commercial hub and today a world heritage site, now the aie seets are beg nad. this one is calle sniper's alley. those who are not fast enough are killed. the city's hospitals ar

it's really all getting involved in this movement and a number of other countries as well belgian cyprus molton the united kingdom are all say going to be having various demonstrations throughout the day rallying around this one mess. they didn't that is tool stereotype and now we've been covering the story very very closely since the very beginning of the euro crisis and as time has gone are we seeing how the devastating story of the horrifying thing is continue to climb in spain here the minute more than twenty five percent unemployment portugal where we were just a day or two we get a record high the fifteen percent unemployment rate in greece is close to receive levels of unemployment that twenty five percent plus when he thinks these figures together salute the devastating numbers of people now that's what he was suffering under these very strict all star team as it is estimated more than twenty five million people unemployed across europe this is the first time we're seeing this protest movement forcing food is in a clued in ated demonstration is these countries get together to tak

joining in we've had cyprus motor loads and loads of different movements plays a big main that later the country is a portugal greece italy and spain where we've really seen the most people turning out all rallying around that single message and that is to a stereotype and this is the first time we've really thing this protest movement called food is really that is quite significant and look at the faces pick out the people that you see in the crowds did a timed out today because it's always very striking through the euro crisis with these movements that it's so you all encompassing it's the young it's the old it's families it really feels like this is affected oh all levels of society and these countries and as we said you know as the euro crisis is going on we see people getting increasingly desperate and for the first time today we see them joining forces to really have the home not message under what about the protests in the the rest of europe today even sooner. what we see in these movements all across europe to varying levels of some clashes breaking out in lisbon as well as h

europe are also going to be joining them in protest to stall the solidarity countries from belgian to cyprus most of britain is getting their protests disorganized as well while you know around this single message and that. too will sterrett say now when you take these individual countries cases on their right and of course the stories of how the austerity measures are the fact that that's very troubling indeed the biggest that you have to this country is a huge unemployment must've tough to say she well but when you take these countries put together and really the picture is a very devastating one in the it's estimated moving twenty five million people now unemployed across europe and as we said we're seeing for the first time as this protest movement that we've seen taking place in countries so often in the last couple of years of crossing borders and all of the joining together will it have any impact only policy making is low that's really hard play here and playing to the policy daisy but you see in the bank having a child around them that policy of it to people they put a stop to that

has been enjoying it and we've had cyprus we've had switzerland brussels this is really going to be shaking up your opinion is it going to be what's. this very very closely the big question of course is it getting to make at this point is this going to be a game changer if we see these protests even already starting to slow down there is this still timetables that european leaders are having to concede that they const we said quite say tightly and the countries haven't the meeting they say that targets to the billion year right balance but of course they have maintained that part that all stared to try and not the people here gathered today aside angry about is not the kind of unity i think that european founders would have had in mind but it is you are coming together now as he said with that single message to the not going to tolerate any more austerity we had the start of the marches teach get underway very shortly will be pretty old the updates life from the tape throughout the evening well earlier we spoke to one of the organizers of strike action in britain and she says it's the gover

meanwhile greece is mediterranean neighbor cyprus is on a quest for foreign financial aid and as we'll find out in full from our business host katie pilbeam in just over an hour but kate in the meantime the on and could face some hurdles on the way couldn't absolutely is that she in danger of isolation bill from europe thing can just as a last ditch the island's popularity with robson's i'm going to be in the studio at eight thirty g.m.t. to explain all the d.c. details. thanks a lot kitty now to some other world news this hour here on r.t. at least eighteen people have been killed in a separate orange i should say three separate bomb attacks in afghanistan the deadliest blast was in the southern helmand province when a minibus hit a roadside bomb killing ten civilians including four women and two children the second attack killed three policemen we did two others in the southern city kandahar and in the east a military convoy struck a mine killing five local troops. a court in bahrain has denied the release request for a prominent human rights activist not be able to jump his case has

and you know all across the continent you've got the united kingdom you've got france you've got cyprus you've got most you know a whole wealth of countries that it joining and oh all right ali in around essential message and that is no it will start interesting tonight stays. we've got the european trade confederation it absolutely massive organization getting involved in this they represent about eighty five labor organizations with about sixty million members i mean it's an absolutely huge maven to get behind that is really going to be shaking up some european leaders in brussels i going to be watching today very very closely and there's going to be a lot of concern from the the big question is is this going to be a game changer all we now going to see anything really old hit by these protests may have been coming together again very difficult to tell what we have seen is that the fiscal at time tables have been slowed down a little bit by these types of movements but of course you know those billion euro bailouts need to be paid back and we think the government's very very committed

it's really all getting involved in this movement and a number of other countries as well belgium cyprus molton the united kingdom are also you going to be having various demonstrations throughout the day rallying around this one message and that is no new tool stereotype and now we've been covering the story very very closely since the very beginning of the euro crisis and as time has gone on we've seen other devastating story the horrifying figures continue to climb in spain here the main in more than twenty five to ten unemployment portugal where we were just a day or two they get a record heights of fifteen percent unemployment in greece of course they have received levels of unemployment that twenty five percent plus when you put these figures together absolutely devastating numbers of people now out of what he was suffering under these very straight all-star team as you say it's estimated more than twenty. five million people unemployed across europe and for the first time now we're seeing this protest movement forcing foodies in akutan ated demonstration is all these countries get

the tragic death of private david leigh collins whilst off duty in cyprus is a devastating blow to his mother, my constituent and family and friends in the constituency in manchester. will the deputy prime minister assure me that the foreign office and the ministry of defense are working with secretary authorities to assure that the perpetrators are brought to justice? >> first, i think everybody, hearts of course go out to the mother and family and friends of david collins who came to such an untimely death in the way he described. it's right for him to raise this issue on behalf of of david collins, his mother. i certainly can short the ministry of defense and the foreign office will do everything they can to find exactly what happened and bring the perpetrators to justice to ensure the secretary of state of defense who is here will keep them updated as things evolve. >> thank you, mr. speaker. much needed costs destroyed in a devastating floods that affected my constituency last month, warnings we face another winter of floats to the government promised to bring forward plans for a

will they also ask for a bailout for the for the country for the public spending and then there is cyprus which god truly annihilated by by the greek crisis because of the close linkages between the two countries and then there's the issue of you know you get to france and it's been downgraded as as we heard this week by credit rating agency and and so we may not be as spooked by the euro zone crisis that may have to do with the fact that we're just really tired of it but i don't think that. that the worst is over in a sense that he cuteness of the crisis may be wearing off but the thought of the fact that the eurozone is not growing at stagnating it's very very even in germany you know growth rates are very low that's something to worry about in the longer term. and more on how that's being felt on the ground in the quarter we hear about greece and how greek people are suffering but are germans are folks in brussels are they feeling they euro zone's recession we'll hear from a tina status on that after the break also still ahead a tale of two corporations wal-mart where workers are prote

the tragic death of private david leigh collins whilst off duty in cyprus is a devastating blow to his mother, my constituent and family and friends in the constituency in manchester. will the deputy prime minister assure me that the foreign office and the ministry of defense are working with secretary authorities to assure that the perpetrators are brought to justice? >> first, i think everybody, hearts of course go out to the mother and family and friends of david collins who came to such an untimely death in the way he described. it's right for him to raise this issue on behalf of of david collins, his mother. i certainly can short the ministry of defense and the foreign office will do everything they can to find exactly what happened and bring the perpetrators to justice to ensure the secretary of state of defense who is here will keep them updated as things evolve. >> thank you, mr. speaker. much needed costs destroyed in a devastating floods that affected my constituency last month, warnings we face another winter of floats to the government promised to bring forward plans for a

speaker, the tragic death of david lee collins while off duty in cyprus is a devastating blow to his mother, my constituent, and to family and friend in the constituency and across manchester. will the deputy prime minister assure me that the foreign office and the ministry of defense are working with cypriot authorities to ensure the perpetuators are brought to justice? >> hear, hear. >> first, i think everybody, our hearts go out to the mother and indeed the family and friends of david lee collins who came to such an untimely death in the way he described. and it's obviously right for him to raise this issue on behalf of david lee collins, his mother. and i can certainly assure him the ministry of defense and the foreign office are doing everything they can to find out exactly what happened to bring the perpetuators to justice and i'm sure the secretary of defense who is here will seek to keep him updated as things evolve. >> rosie cooper. >> thank you, mr. speaker. homes were wrecked and much needed crops were destroyed in the devastating floods that affected my constituency last

cyprus is closer to reaching a multimillion dollar bail out. >>> in overnight news, a mag tuesday 2.1ake rattled new jersey last night. many people who live in south jersey took to social media to report feeling the rumble. the earthquake rattled new jersey as well just three weeks ago. >>> space enthusiasts are anxiously awaiting a nasa announcement in san francisco next month.  nasa scientists say a rover sent to the planets mars has made an important discovery. curiosity has been taking samples of the mars air for months. they are staying low about the discovery, but everybody -- observers say they were to find organic findings. >>> scientists are going to reveal their discovery at a science conference in san francisco in two weeks. >>> time is 7:17, mexico's president wants to change the country's name. felipe wants to change it to just mexico. while the full name is rarely used he says they do not need to imitate the united states. they gained the name in 1884 after winning independence from spain. >>> there is a controversy about a nativity scene and the courts are getting don

whether it's cyprus seems to be an issue. but it's strong. greece really isn't a huge issue but it really does represent kind of how the thinking goes for larger issues that europe has defaced. i found it fascinating, the dollar index closed down over a penny, even though had a strong gain on the week on the yen. it just goes to show you how that euro is so powerful this week and how in the last couple of days it's just on fire. >> the forex market often gives a good barometer of investment sentiment. mary thompson, with regard to investor sentiment, you talk to a lot of traders on the floor. how are they feeling? it's been a good week. right? what do they feel is priced in at this stage? >> at this point right now there is some expectation -- some expectations, i should say, not complete assumption that there will be an agreement on the fiscal cliff. that's one of the things that they talk about. there are too many question marks out there. keep in mind when you look at this rally, consolidated volume here is going to be 1.4 billion to 1.5 b

spain is one of five eurozone nations already in recession, along with greece, italy, portugal and cyprus the presidential campaign trail today, vice president biden accused the romney campaign of perpetuating a quote, outrageous lie, in ads on the obama administration's auto industry bailout. the ads assert general motors and chrysler are adding jobs in china at the expense of workers in ohio. both g.m. and chrysler have protested. but the romney campaign insists the facts in the ads are accurate. syrian government forces stepped up widespread air assaulton opposition strongholds today, anti-government activists said, after a holiday ceasefire fell apart. amateur video showed mig fighter jets strike near a mosque on the outskirts of damascus. warplanes also pounded the north, in towns including dair al zour. two days of bombing have left at least 185 people dead. meanwhile, u.s. secretary of state hillary clinton called for a shakeup of the syrian opposition in its bid to oust president assad. she said it should include people who've been fighting on the front lines, not just activists w

if you look relative to gdp, the worst country is cyprus, little cyprus. is switzerland. switzerland has a banking system which is so big compared to its gdp that if they have to rescue their banks, they're going to be in big trouble. >> where is china on this list? >> five. >> why? >> because the chinese banks, over the last -- well, five, ten years, have taken on a tremendous amount of debt. their balance sheets and their liabilities have increased. and their equity values -- >> safest country in the world? >> i think that we probably are only seeing the tip of the iceberg when we measure this. >> you're mainly talking banks. you're not even talking about our 85 trillion in unfunded liabilities. you're just talking banks. >> that's right. we're talking about financial institutions. >> yeah, of financial institutions of countries. >> this is not sovereign at all. >> it depends on what you add for liabilities. i mean, the liability is all over the place. the reason spain is in trouble -- >> they don't have 86 trillion. >> no. >> china might. >> their big l

this is not the right time for this there are people still under the cyprus piano.hen a guy tell me and said listen this shows our resiliency. will get back and show the nation how strong we are. for all the people who say wehere and se can do this. in new york the show does go on and new yorkers will respond lot of law that's another way to look at it. >> that is the mayors are you in a nutshell. thanks a lot gary we will be right back and now we're minutes away from the ipad mini going on sale in apple stores around the country. we'll go live to one with kron4 as will tran in just a minute. >> just in there has been a death reported at san francisco's muni montgomery matra station. it has just been reported. it happened around 725 this morning with in the last half hour. i death at the muni station there. at the medical examiner's office has been called to the scene. muni metro service has been shut down at that montgomery station just 10 minutes ago. they just said that shut down the muni there. officials have not been able to provide us with any more information

the president of cyprus says his country is very close to signing an agreement with potential predators a bailout to support its troubled banks and to pay its bills. this comes one day after officials wrapped up a third round of negotiations with officials from the european commission, the european subtle bank and the actor national monetary fund. meanwhile, european leaders are sticking out their positions as they gather today for what is expected to be a turbulent and lengthy summit to determine a seven-year budget for the 27 country european union. in a battle pitting several wealthy member states against those seeking a bigger aid budget, david cameron is leading the charge for those demanding a reduction in the financial clout. and political sway of some of the eu's institutions. finally, all while parts of new york city are still recovering from hurricane sandy, tradition is being maintained as the macy's thanksgiving day parade stops off in manhattan. and for many large retailers from the traditional black friday is a starting later today. some of the latest headlines on c-span r

until we close mobs ago, and they were higher on opt millennium, kind of ignoring what happened in cyprust eu leaders have called off stocks. so here you go. lookingty european markets. the ftse in london, the spanish markets, all higher. >>> a gun run there. the euro rising. all around, a solid week. >> very solid week. >>> let's check in on some of the movers from here on the floor. mary thompson, there's a lot of shouting kids here today. that's for sure. >> they are there's a performance, and it's interactive. >>> we're also see a solid performance here. volume is very light. that might put us at about 1.3, 1.4, which would be probably the lightest volume day on a black friday that we have seen since at least 2007. a couple things that brian was mentioning earlier, helping to lift the european markets, playing here at home, that improvement in german business confidence, also, of course, progress in greece, and also the flash pmi reading from china, which rose above 50 for the first time in 13 months. as a rule more of the risk on trades in this low volume light trading session. consu

world and putting in developing countries which would in turn suppress the demand for broadband, cyprus investment and networks will accomplish exactly what the opposite of what these proposals purport to do rather than the purchase cycle of networks and applications, these proposals with unblinded to the detriment over the world. its protectionist policies which would slow the growth on the global markets towered by an and he did cross border flows of data. some countries for example have already implemented the parliaments and their data centers requirements that undercut the efficiency and cost savings offered by cloud computing and countries are pressing forward and they require the local manufacturing of technology. these policies are bad omen for the u.s. economy and because the company's lead the world in the cloud computing like amazon, microsoft, the policies and directions are bad because they will ultimately be counterproductive for the economy. they are suppressing their devotees of the companies to expand the markets and lower their cost. they are suppressing their own inno