and we are viewing the fasade of the delhi bank, and there is delhi in ruins and the king's palace, please tell us how was delhi changed over the last 100 years? >> well, you know those photographs are really much older, they are 1858, and these were taken by one sent to express the sites of what was called the mutiny. and many of these fasades have changed from earlier. delhi has changed amazingly and it's grown in size to no other extent that other cities in india have. and the growth of delhi in a short period of time has been amazing. it has swallowed all villages near it, and today no fields of mustard and cauliflower and so on, they are gone. and what you are concerned -- many buildings -- >> professor. >> which are official he protected by the government. >> professor we will have to leave it there , we would like to thank for joining us on bbc news day. you have been watching news day from the bbc. >> before we go, just a quick look and sneak through some pictures of the scotland's favorite new residents, two giant pandas that arrived from china. and came out for viewing the first

they will be building a railway line linking new delhi and museum buy. noda and sin agreed to create a new framework for surn can i swaps to help pro vent europe's credit crisis from invading into asia. >>> the u.s. military has warned iran, that blocking a strategic waterway will not be tolerated. teheran threatened to block the strait at the mouth of the persian gulf. the u.s. navy fifth fleet based in bahrain warned in a statement that it is always ready to counter ma lef lant actions. iranian vice president said not a single drop of oil would flow from strait if the west imposes sanctions over iran's nuclear program. >>> the narrow passage in the persian gulf is major sea lane for tankers carrying oil from the middle east. the west is increasing pressure on iran urging stopping development. they call for a ban on trading with iran. the european union is studying tougher sanctions including oil embargo. >>> oil prices fell on wednesday in london and new york. a saudi oil ministry official told the associated press that saudi arabia and other gulf prod

a german indian climate initiative is now trying to increase energy efficiency in new delhi.ere new technologies are making paper mills more efficient. at the same time, the project is exploring the potential of sustainable energy sources. that's good news for both the climate and the economy. >> it's sugar cane harvest time in northern india. diesel engines can be heard everywhere as the push is on to process the crop as soon as possible. yogesh pandey from the german insulating company kaefer, is making a brief stop. the energy efficiency expert is on his way to a paper mill in muzaffarnagar, three hours from delhi. but his know-how is needed here too. >> their flat belt is loose and it's almost 10 percent loose. if it is properly tight the power transmission efficiency will increase by 10% to 15%. once it's pressed, the sugar cane sap is made into jaggery, an unrefined sugar. here, too, he has suggestions for improvements. >> "this tells us there is incomplete combustion. like there is black smoke coming and this tells us there is more carbon monoxide content." >> for pand

this is a salesperson at an auto parts maker based in new delhi. he makes a weekly business trip to a city 300 kilometers from the capital. even taking an express train it takes more than five hours. >> translator: it is already 30 minutes late. >> reporter: the trains are almost always delayed. his train finally arrives 40 minutes behind schedule. much of india's rolling stock is so old, it can only travel slowly. trains have to slow down to avoid people and cows crossing the tracks. aurora arrives at his destination one hour late. he missed an important meeting with his client. >> translator: i have to arrange the meeting again. we, the business people, need a faster rail network. >> reporter: in 2009, the indian government set out an ambitious plan to build an efficient high speed rail network. it aims to laicism lines stretching a combined 3800 kilometers. the government is considering reducing expertise from around the world including japan's shinkansen. >> india cannot grow if the rails don't grow. in other words, railway is going to be the e

in delhi will not tell you it to you first what is this trial basically all about. well siberian court is considering banning aid translation. as it is which is considered to be the bible for the hari krishna move it movement here in russia now during the ninety's which were quite soft on russia. the movements were seen as a religious cult as its members were roaming around wearing bright and colorful clothes listening to rock music doing drugs and spreading the book many teenagers were leaving homes do join the movement people were donating money to it so by many it was seen as a threat now this particular case was filed after prosecutors looks into the recent activities of the movements in siberia home russian foreign ministry insists that this particular case is there filed against this particular translation of the book into russian rather than their original text that is the secret for interest. to do so i mean it is clear from the available material that criticism from law enforcement officials is not so much of the text of the book itself which suffers from s

the paper yesterday in new delhi in the telling over kerber and most good life for us are here not to thank you but. now britain is reportedly working on an emergency plan to shore up its economic defenses in case of a euro doomsday u.k. treasury is said to want to avoid an influx of economic refugees plans include evacuating british ex-pats from affected countries and even the temperate closure of borders who a financial analyst says attempts by european the it is to avoid the west case scenario making it more likely. european leaders are trying to shore up the eurozone by having greater degrees of centralization and more having countries like france and germany have the final say in a sense over the budgets of those e.u. member states that have excessive budget deficits but that really isn't the answer to the problems looked really needed as either a massive injection of cash into countries like greece and italy to shore up their economies course another option would of course to recognize that the single currency has hurt competitiveness in many nations of the eurozone and there's

new delhi has for years expressed pride in being part of the brics.f it doesn't get its act together, ten years from now, people might still be praising the brics except that the "i" in bric might stand for indonesia, not india. and we'll be back. we have an all-star panel looking at american politics, russia's protests, and europe's woes. stay with us. ♪ [ male announcer ] a simple gesture can spark romance anytime. and when it does, men with erectile dysfunction can be more confident in their ability to be ready with cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every day so you can be ready anytime the moment's right, even if it's not every day. [ man ] tell your doctor about all your medical conditions and medications and ask if your heart is healthy enough for sexual activity. don't take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. [ man ] do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or

new delhi has for years expressed pride in being part of the brics.f it doesn't get its act together, ten years from now, people might still be praising the brics except that the "i" in bric might stand for indonesia, not india. and we'll be back. we have an all-star panel looking at american politics, russia's protests, and europe's woes. stay with us. ♪ now i'm a geologist at chevron, and i get to help science teachers. it has four servo motors and a wireless microcontroller. over the last three years we've put nearly 100 million dollars into american education. that's thousands of kids learning to love science. ♪ isn't that cool? and that's pretty cool. ♪ ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes, and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. >>> there's much to talk about around the world, so let's get straight to our panel today. joining me, author, reporter, radio host, curt anderson, who wrote th

they've got it placing her bets on the west to avoid the competition at home preassure either r t new delhi india. coming out marks kinds wrong as the scandals behind the financial headlines but first you brings us the latest. hello and a very warm welcome to the business program it's been a volatile week for the markets here in russia the big event at the end of the week is the summit investors a speculating where the eurozone will push for a federalized superstate to do with its debt crisis meanwhile china is warning of a slowdown taken collectively economy. there are a few reasons to be optimistic. the european crisis signaling on the i don't see a near term solution we have austerity programs almost everywhere except in the. countries these austerity measures fiscal policies have a very serious. negative effect on growth and we expect to you or your goals next year to be negative and together with the floor and in china which is suffering from the exports we sure do not do so well anymore plus. the housing sector. the overall picture for the world economy is not supposed to vary anymore

they've got it placing her bets on the west to avoid the competition at home preassure either r t new delhi india. well up ahead the spotlight talks to the man who ran the u.s.s.r. state bank to ask whether he thinks things could have turned out differently twenty years ago when the soviet union fell first. the latest business news. carry a very warm welcome to the program markets here in russia struggled for direction on wednesday the big event at the end of the week is the e.u. summit investors are speculating where the euro zone will push for a federalized state to deal with its debt crisis meanwhile china is warning of a slowdown taken collectively quantum is due to believe there are furious and to be optimistic. you do your piece. on that i don't see a near term solution we have. almost everywhere except in the top to pull a come please these austerity measures will stick to fiscal policies have a very. negative effect on goals and we expect to you or your goals next year to be negative and together we see a slowdown in china which is suffering for more exports which i do not do so wel

they've got in placing her bets on the west to avoid the competition at home preassure either r t new delhi india he has had their latest business news. hello and very well welcome to the program markets here in russia struggled for direction on wednesday the big event at the end of the week is the e.u. summit investors a speculating well of the euro zone will push for a federalize you were state to do with the debt crisis meanwhile china is warning of a slowdown taking collectively economies deets of everyone believes there are a few reasons to be optimistic. the european crisis is signaling on its i don't see a near term solution we have austerity programs almost everywhere except in the. countries these austerity measures fiscal policies have a very serious. negative effect on goals and we expect the you are goals next year to be negative and together with the stroller now in china which is suffering from the exports which are doing not doing so well anymore plus. the housing sector. the overall picture for the world economy is not supposed to be any more this is obviously negative for c

ok chris sugar in delhi in the time of a covering most thank you both very much for that. now a two day ceremony which will finally see north korea's leader they to rest their started in pyongyang after the days of national mourning meanwhile the world remains in the dark about what to expect from kim jong il's youngest son and successor as the secrecy surrounding his future spawns all kinds of speculation while some hope his western education like harold opening up the country other experts predict there's little ground for change. loose good speculation that is his uncle is and some of the members of the family are kind of pulling his strings but i think more important is the one point one million man north korean army for the good for other announced can draw me a little. well over year growth now it's the new poles militarizing nation of north korea as it was institutionally militarized. the whole country is it's really as the quote frederick the great it's an army disguised as a country. and that's what's happened is great and the sun military rule which to me says th

they got in placing her bets on the west to avoid the competition at home preassure either r t new delhi india. short of the step back twenty years when the world changed forever for millions of people as a soviet union formally came to an end first as the business news with you. thanks kerry a very warm welcome to the program has been a volatile week for the markets here in russia the big event at the end of the week is the hugh summit investors are speculating well the eurozone will push for a federalized superstate to deal with this debt crisis meanwhile china is warning of a slowdown taken collectively economies due to very rude believes there are a few reasons to be optimistic. still the european crisis is signaling on its i don't see a near term solution we have austerity programs almost everywhere except in the top two countries these austerity measures your district a fiscal policies have a very serious. negative effect on goals and we expect to you or next year to be negative and together with the slow learner in china which is suffering from the exports which are doing not doin

this is the youngest we've called him the smallest this is pothole this is beyond delhi everyone works here for their hungry stomachs. i mean children are starving i'm crying you don't want to welcome parents do without children are born with nothing to eat. you know what kind of parent really do nothing so many crazy things happen i mean some hiding themselves or others leave home poverty drives them into despair it's all because of famine. i will tell you. twelve. i'm twelve. i must work no matter how difficult it is you know why when there is nothing to eat at home. why are you taking this this is mine. i don't know how. you can go and get one. why are you taking mine back now. what is the most important thing for human life. therefore the law that bans child labor doesn't make sense here. and the fact that asbestosis fatal for humans is not even an issue. of. who lets these boys work here they need to eat they're not old enough to work don't you see them working boys are not allowed to work. when there's nothing to eat a tiger will eat grass. you think they like to work they come h

they got in placing her bets on the west to avoid the competition at home preassure either r t new delhi india. got their support. in a couple minutes not about twenty minutes before but we explore the impact of the debt crisis in europe what it is having on economies around the world too is spreading far and wide that's coming up shortly to after the business after this quick break . as you would a woman welcome to business power grid operator and o.s.k. as taking a first step to the full listing on the london stock exchange on c s i the bennett reports as trading in the russian firm's global to bolster seats gets underway. m.r.s. k. holding just became the latest russian company to list on the london stock exchange it was a ceremony here with a countdown to the moment trading began on this first day is shares are being listed as g.d.r. as global depository receipts each one representing two hundred of the company's shares to begin with though this is just a technical listing so no actual money will be made here instead the whole point of this is to boost the liquidity in the company st

they've got and placing her bets on the west to avoid the competition at home preassure either r t new delhi india. come up a few minutes for the back of the last moments of the soviet union twenty years ago this month but history on its head more about shortly after the business with dmitri after a very quick break. russia would be so much brighter if you know about that song from feinstein pression. stance on t.v. don't come. close here in a warm welcome to business out see how good operates m.r.i. scales taking the first step to a full listing on the london stock exchange. about reporters trading in the russian firms global to post your receipts get some. m.r. s.k. holding just became the latest russian company to list on the london stock exchange it was a ceremony here with a countdown to the moment trading began on this first day is shares are being listed as g.d.r. as global depositary receipts each one representing two hundred of the company's shares to begin with though this is just a technical listing so no actual money will be made here instead the whole point of this is to boost t

they've got it placing her bets on the west to avoid the competition at home preassure either r t new delhi india. just a few minutes we explore what impact the debt crisis in europe is having on economies around the world but first the latest business update with me. and welcome to business are to the power grid operator. in the first step to a full listing on the london stock exchange. bennett reports trading in the russian firm's global post receipts gets underway. m.r. s.k. holding just became the latest russian company to list on the london stock exchange it was a ceremony here with a countdown to the moment trading began on this first day is shares are being listed as g.d.r. as global depositary receipt each one representing two hundred of the company's shares to begin with though this is just a technical listing so no actual money will be made here instead the whole point of this is to boost the liquidity the company stocks are to raise awareness of the company in the city here and to increase investment as the company c.f.o. explains where here or are direct. new investors to widen

russia let's talk to present challenges from the jane downs school of international affairs in new delhi i thank you for joining us here on r.t. today now it's the third time president better than prime minister singh had met this year what's making russia and india so close do you think. it's the world situation we're looking at a world order that is in flux and it's transforming and there's and the emphasis is on bric economies to come together and put forward joint oppositions not only on the global economic crisis but also as your correspondent said on our political and strategic issues i think the relationship between russia and india has always been very tired with no iraq tal it's always been a close embrace and these summit meetings between heads of state just go on to reaffirm the importance of the relationship and the fact that these they're happening so frequently implies that both sides realize that we are on the cusp of a major transformation of the world order and these two along with the rest of the bric countries need to come together on various issues including syria in

cnn is in our new delhi bureau. ultimately, what is this about, this strike, sara? >> it's really all about wages and benefits. that's what the doctors say. they say they semply are not paid enough and not given the benefits they were promised by the state. the state says they are given the same kind of wages that other doctors who work across india are giving. the only good news, the two sides are still negotiating. but they haven't gotten very -- they are still, excuse me, very far apart. one thing to mention here is we were able to go and see the conditions in some of these hospitals in rajistan, one of india's poorest states. there is some disturbing, disturbing scenes in some of these hospitals. >> reporter: a patient collapses in despair. her sister has died in childbirth at a state hospital. the family says they couldn't find a doctor to help her there. the doctors are on strike. for days now, thousands of physicians have refused to show up for work at state hospitals in rajistan. state health officials quickly denied any deaths have resulted from the walk-ou

the two leaders meet in new delhi on wednesday. the swap agreement is expected to help shore up the rupi. the indian currency weakened as foreign investors pull their capital out of country. the deal provides india with a source of foreign currency in the event after financial crisis. japan is offering o to provide up to $10 billion to stabilize india's currency markets. >>> cash-strapped small and midsize japanese companies are getting some breathing space. the financial services agency has decided to extent a law which calls on financial institutions to allow those firms to defer loan payments. the law went into effect in december 2009 to help struggling smaller companies cope with the impact of the yen's strength and economic slow down. it is now set to expire at end of march but will be extended by one year. in making the decision, the agency says tough conditions still continue. they include the strong yen, effect of the disaster in march and debt problems in europe. this is the second time for the agency to extend the law. as

. >> the governor signed an agreement to create a center to boost trade with new delhi. the business delegation will be visiting the state in the spring with plans to better equip state roads and bridges. tomorrow, gerry sandusky will appear in court to face his accusers. the alleged victims are expected to testify about he sexually abused as children. we have this preview. quex on the eve of his first hearing, we're getting a better idea of the strategy for gerry sandusky. >> all these young men are following a similar pattern. >> the attorney suggests the victims may be working together toward a high dollar civil suit. >> especially when you are being told by people in some cases involving one of the accuser's that that is all the accused and his family are talking about. what they will do with the money they will get. >> the lawyer for one of the accuser's dismissed the theory is. >> the idea that they are coming forward with a financial incentive is ridiculous. >> several of the victims are expected to testify but there are questions about whether one key witness wil

after this three-day hunger fast, he plans to go to delhi replants to sit in protest outside of the house of parliament president. >> to japan, where the government says it is easing its self-imposed ban on exporting weapons. it does not sell any overseas and only develops them within the united states but new rules will allow it to work with other nations, including australia, and provide military equipment for humanitarian missions. existing business development. >> good reason, given the problems of the economy. exacerbated with everything from fukushima. >> fukushima was operated by the jeep is are operated by tokyo tepco.ic power, there was enormous debt this station. tepco has been told by the japanese government you have to consider the possibility of taking a $13 billion cash injection, possibly in the summer. talking about the fact of nationalization. in the last few moments, the japanese trade minister said it would be -- all possibilities will be considered. but $13 billion is a pretty eye- watering some of money. but it is not just the cleanup of the compensation, the victims,

bbc news, delhi. >> russian politics. the official results from some they pose a parliamentary election were announced on friday. vladimir putin's party took 49%. there have been allegations of vote rigging. it is fueled in part by amateur videos like this one, and many of them have gone viral on the internet. this one shows ballots that were stuffed into boxes at polling stations. this is "bbc news." these are the headlines. the opposition party in the democratic republic of congo has rejected the election victory of the president, sparking fears of violence. renewed hope of a deal with climate change talks. pressure to find a legally binding deal to cut emissions. for more now on the agreement reached in brussels, it aims to create new rules for running the eurozone, but it does not tackle the current debt problems undermining the eurocurrency itself. financial markets were quiet in their reaction to the agreement. what are the implications for britain? stephanie flanders has been taking a closer look at the deal. >> tw

india plans to build a 1500-kilometer railway line between new delhi and mumbai to link strim parks andtribution facilities. noda and singh agreed to create a new framework for a currency swap. they want to prevent europe's credit crisis from affecting asian financial markets. and they agreed to tighten security ties, too. they want to protect against chinese provocations in the south china sea. >> our cooperation on regional and global issues and nontraditional threats to security have significantly strengthened. we have a complete meeting of minds on most issues of common concern. >> translator: we made progress on economic cooperation. we also agreed to hold a joint naval exercise to reinforce security ties between our two countries. >>> an explosion ripped through a chemical wearhouse in myanmar's largest city, yangon and killed 20 people. 80 others are hurt. police say that the blast happened thursday at around 2:00 a.m. local time. explosion destroyed about 200 houses. some firefighters died trying to put out the flames. police tell nhk a chemical reaction triggered the blast and

in the right frame of mind in the middle period sweden's defenseman cornwell doubled his delhi after a powerful shot from the blue line the russians pulled one back having one man up aleksandar all of made it in point pass and sergei shall go found himself a marked on the floor porous and set it to the net three minutes into the third period and the red machine levelled mannerism a ball play to the delight of the fool the back mega sports arena. managed to fire it into the top corner and there are one more assist the crowd was still cheering the home favorite but cooler took the lead again in just a minute cost and put his name on the scoreboard three to. the fans. two goal lead with his third scoring with a four distance slip shot with ten minutes to go russia threw everything into the final minutes of the game and pulled the goaltender for an extra play but failed to cut the deficit four two was how it finished. speaking to the surface and. with order to my hand when a lot of walks down the from there and create a lot of chances for that spot it's really it's hard to name the reaso

in the book "sex, mom & god" how one of the great idea of my youth was to have any kind of protein delhi had a week diet that have nothing to do keeping eastern orthodox fats but that they were trying to spread macaroni and cheese a long way to feed a lot of students and hitchhikers that came through to their mystery. one of the great things about having a dad with the best sellers is that i got to go along to the dell lot of poorhouse state. too little and too late but it was great to finally get the protein. but in the book "sex, mom & god" and my other to come i tell the story that euphemistically had alluded to admire early novel. some of you may have read which are the stories of a child a fundamentalist missionary of the '60s and europe was of a lovely place living only $5 a day and it was said cheap vacation and portofino is refined took the train 455 hours down on the mediterranean that is when turquoise became my favorite color because back in those days it was that color and we have a wonderful time. but my introduction to vacation was different than those who came every year b

still try to control the country's rich oil reserves are just british writer caught up with him in new delhi . president obama has announced the united states will definitively end the war in iraq at the end of this month but as the united states attempts to get the military personnel and contractors out of the country questions still remain about the implications of this decision for security in the region joining me to help discuss this is the former indian ambassador to iraq and the author of the book the ultimate prize saying kala thing so much for joining me first of all i want to ask you about the recent terrorist attacks in iraq obviously there have been quite a few in the past few years and they've claimed hundreds of iraqi citizens lives do you think there is still a role for the united states in iraq when the americans walked in this good not to have done anything but to introduce some semblance of democracy otherwise what was the reason the going in and once they. decided to introduce some semblance of the motor city it was going to be a shiite led government. and because it was a

despite it was living in the country as well as the political elite in india well correspondents in delhi. or in moscow or following the trial and the reaction to it. siberian court is considering banning a russian jones lation of god as it is which is considered to be the bible for the hari krishna movement now the translation is being accused of sparking religious and racial hatred during the ninety's the movement's was seen as a religious sect its members were roaming around to where in bright clothes listening to rock amusing and allegedly taking drugs they were spreading the book as well many teenagers were leaving their homes to join the movement and people were donating money to it so by many was seen as a threat now the case was filed after prosecutors looked into the recent activity over the movements in siberia however the russian foreign ministry insists that it's this particular translation of the book that the case is filed against not so their regional text over its that is sacred for hindu. it is clear from the available materials that criticism from law enforcement officia

from the school of international affairs in new delhi thinks america is only staying on in the region to serve its own interests it's an unfortunate historical reality that long after the immediate security needs in the rat race on that or for us forces is over this stay on they will be serious and then they hunker down and that is you know typically the way united states has view all data curity through the lenses of its military bases which continue to be all over seven hundred number so although there is an argument that president obama and his team are now moving towards you know an area will be a security policy where they will have only. two braun's and two helicopters and that they don't really want people on the ground occupying countries for a long time the reality is that the pentagon is pushing for the same strategy where they hunker down and steer for as long as they can so this is going to mean that even after twenty fourteen it will become a justification for the united states to stay on for much longer this is a recipe for more and more instability more and more suicide

nearly three hundred people were arrested in delhi on wednesday but police action against the protesters was not as heavy as what we've seen in other cities like oakland in california or new york in different cities police used tear gas on people rubber bullets sound cannons pepper spray no this time they just performed arrests no injuries as far as we know but still almost three hundred peaceful protesters arrested were people who refused to leave the park surrounding the l.a. city hall which they've been occupying for the last eight weeks some demonstrators climbed into trees to avoid a victim police were using carry pickers to take them off those trees the occupiers in l.a. received an eviction order last week officials are citing sanitation problems and property damage as reasons behind eviction order we've seen this happening all across the u.s. under different pretenses authorities have been taking protesters out of their occupied locations in philadelphia police in riot gear confronted demonstrators arresting around fifty people about fifty people who refused to clear a street ove

and delhi was quieter constantine calls the child channel they can meet of foreign affairs in the outgoing state duma and then though they're voting here not at russia party and he says he's happy with the results his party has received. this result is frankly speaking i may confess now is a bow above our expectations of course during the campaign we were declaring much higher expectations but this is a very good result for the night across more than fifty percent is enough to get through most of the decisions to be taken by the state duma we need the so-called constitutional majority two thirds just to take the so-called constitutional laws which are quite few and for them i believe we will be able to create coalitions in any case the most important outcome of this election for me is that we keep the. killed the nation and cooperation between the branches of the parliamentary brain should the executive power of the parliament of the government the president if you continue to work and this is a very good for russia because russia has gone through the greatest economic crisis much better t

sites also got more news comments and analysis let's take a look at what's in store for you today delhi delicacy police in st petersburg seize almost two hundred kilo of caviar stored in a morgue. plus an unlikely source from russia's wilderness is shoddy a lot on the less fortunate find out r.t. dot com. as twenty seven draws to its and our team is looking back at the stories that shape the year witnessed by our correspondents this time we'll look at the occupy movement in the u.s. the story covered by lucic out of. i remember at the start of the so-called so-called arab spring we saw so many mass movements from europe to the middle east people rising up taking to the streets protesting and the question we kept asking ourselves over and over again is why not here why not in the united states i mean for years we've covered stories that touched upon social inequality economic inequality the overdue undue influence in fact that politics has been the money has in our financial system and i never thought that this kind of popular outrage would really come to the united states that it would

they've got it placing her bets on the west to avoid the competition at home preassure either archie new delhi india. children with disabilities in stone and given a helping hand by united states the country's envoys presented one hundred eighty this. during a ceremony at the capital's state historical museum on thursday twenty children who were there see their wheelchairs the rest were distributed by the local authorities russia and america's envoys praised the spirit of cooperation let's hope it gets a little mobility from him more joy than herring thank you could probably. write a few minutes we ask what might happen around the world if europe's credit rating plummets but first let's check on the business news with. carrie ever well welcome to the business program markets here in russia struggled for direction on wednesday the big event at the end of the week is the e.u. summit investors are speculating well the eurozone will push for a federalized superstate to deal with its debt crisis meanwhile china is warning of a slowdown taking collectively economies due to their much believes there