the european union is trying to get a discount on the gas promised gas and that's what the european commission's investigation is all the bad book area is part of the european union does the discount have anything in common with that probe no absolutely it was a standard price revision procedure especially the use of the old contract expired actually prepared to a new contract and i could tell you the bulgarian prices apply lewdly in compliance with not only with our average wage price but also with the specifics of isolated markets like like bulgaria. market or sarabeth so there is no discrimination of any country and there is no any special preference for any country why is greece out of the project having some string noise bridges not closed with the main routes increase down but we still in consideration of potential connections. between the south stream and through greece to italia but now the routine and usual routine course started getting. a second pipeline to eat a libya greece was a second best option in this respect but when the routine cause changed and going slovenian to eat only tw

saying that governments should make commitments -- specifically binding commitments -- to the european commission, including on sensitive areas such as taxation and employment policies. she is also talking about a different relationship between the various european institutions. that could involve changes to the european treaties, so a big push for more europe from the chancellor in brussels. >> we know merkel is getting set to meet up with the uk's david cameron. can we expect sparks to fly there? >> i think chancellor merkel will be looking for compromise, but the british prime minister has been talking about proposals from some governments that the european union's budget for the next six or seven years the increase. he said those ideas are ludicrous. he wants a freeze on eu spending, or indeed a reduction. chancellor merkel would also like to get the eu budget under control, but she will be reminding david cameron that it is important for him to stay within the european union. that is what she has been talking today -- talking about today, britain belongs in europe. >> simon, we thank you ver

worries i know it's hard to believe isn't it is just getting worse and worse and right now the european commission they have updated their economic forecasts and it's not looking for a seat belt by citing rising unemployment as one of the problem so another tough year ahead another tough year ahead that also criticizing the slow progress of dealing with the debts and that's one of the things that quite critical of song to be our allies in all of this and that business about ascetic ok thanks a lot. wealthy british style. time. market why not. why not what's really happening to the global economy with max conjure the no holds barred look at the global financial headlines tune into kaiser report on our. lead speak your language. programs and documentaries in arabic it's all here on our team reporting from the world talks about six of the ip interviews intriguing stories for you here. in troy arabic to find out more visit arabic t.v. dot com. the admission liquidation three. four judges three. make amends three. three. three live the old free blog playing video for your media projects a free. clinic.

then the economy might suffer even more well we have some optimism actually coming from the european commission here is we should abandon you . we've taken a lot of very appropriate you know the eurozone has already made over the peak of the financial and debt crisis but the situation remains unstable and there is much still to be done and we are already seeing a tendency towards the recovery of growth next year and further consolidation in twenty forty. i'll see if mr brown used to be trusted there are reasons for caution so home on how many times have they said about before and have you noticed whenever they have something positive to say about the prospects of the european economy it's always in the future tense whenever they want to deliver the bad news it's always in the present very much so. basically i just don't think it's going to work and that's that's all i'm basically trying to say and we've really been hearing from the european commission for years now let's listen to this. beyond this year. for a temporary softening of growth the next year to one and half person. to be followed by

concerning europe more bad news to come here to tell us more about this time it's from the european commission come out with a new economic. forecast on the site saying a rise in unemployment which we know is a massive fear factor for the region so more pressure to tackle this crisis is ongoing cross yeah definitely and they highlighted that actually the slow progress of tackling the problem so are lots of pressure is on at the moment i'll be talking about in the business but of course. the sun rises over what seems like and lowest forest but here in new directions cry for hundred kilometers north of light of all storm as in much of the world it's disappearing at a catastrophic rate. for. bloggers both illegal and those finding ways to outsmart the system for filing down the forests of the more skewed region for them profit goes well beyond the future of our planet and the result could be an ecological crisis the world wildlife fund for nature makes regular trips to help local rangers do what little they can to stop the logging but it's not easy lager set up trucks making them hard to reach in

comments where he's saying hey brussels is living in a parallel universe and he blamed the european commission essentially for the breakdown saying that they're insulting taxpayers by refusing to accept cut and its budget or make reductions in staff pay or an perks complaining that two hundred staff earn more than he did so i'm curious if those complaints have merit or if this is just kind of part of the political grandstanding. i think a bit of both i think first of all it's important to remind viewers who look at this and saying oh my god this is this massive. at stake the actual core of the debate is about one percent of one percent of the total. economic output so we're talking about one percent of one percent it's not a lot of money that doesn't mean that it should be badly spends and mr cameron has a point that there is waste and we've seen every administration that there is waste and there is space to cut what he doesn't however mention that often is that the spending at the european commission which is the bureaucracy essentially is under seven percent of the total e.u. budget so it's

in response to these objections the european commission has included the clause in its basic policy that the eu could break off the top any time. that japan is not doing enough to open up its market a year after the talks get started. eu trade commissioner made clear that he will keep a tough stance during negotiations. >> let's not be anxious. europe is not naive. >> reporter: he wants to expand trade in an attempt to overcome the euro zone debt crisis. many members are hopeful about the free trade pact with japan. the talks may face raw growing due to wide differences of opinion. >> that wraps up this for this hour. i'll leave you with a check on market figures. >>> police fired water cannons and tear gas at hundreds of villagers and buddhist monks. the protesters say residents are being forcibly displaced. they say the mining operations are damaging the environment. the protests were unauthorize and the crackdown was carried out according to to international standards. the country's opposition leader visited the area on thursday evening. she called for a solution through dialogue. gov

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the president of the european commission said the prize is a symbol of reconciliation.e says the award money should be used to nurture hopes for the future. >>> myanmar's opposition leader aung san suu kyi has called on india to support her country as it moves towards democracy. aung san suu kyi made the call in new delhi, india, on wednesday where she's visiting for the first time in 25 years. she asked india to support the people of myanmar as they continue to strive toward their goal of creating a democratic state. >> as long as our peoples remain bound in understanding and mutual respect, the friendship between our two countries will last far into the future. >> in a speech she cited her own close relationship with india, referring to the period when she lived there. at that time her mother was serving as then burma's ambassador to india. ahead of the lecture she exchanged views with india's prime minister singh about the process of bringing democracy to myanmar. >>> afghanistan produces more than 80% of opium circulating around the world and trade in the drug threa

the european commission downgraded its forecast for economic growth next year. the eu executive arm announced its outlook for the 17 eurozone nations on wednesday. the commission now forecasts the eurozone gross domestic product will fall 0.4% in 2012 from a year earlier. that's the first negative growth in three years. it also predicts near zero growth, 0.1% for 2013. that's down 0.9% from its may forecast. the commission warns of more negative growth for cash-strapped greece and spain, and four other eurozone nations in 2013. it says the region's leading economy, germany, can expect growth of only 0.8%. that's all bad news for employment. the jobless rate is expected to hit nearly 12% next year. >> major policy decisions have laid the foundations for strengthening confidence. there's certainly no room for complacency. >> eu economic and monetary affairs commissioner olli rehn urged the eurozone countries to push ahead with austerity measures as well as policies to stimulate economic growth. >>> some sa japanese economic indicators for september have been out t

the european commission rejects criticism that funds have been misapplied or mismanaged and is seeking to deflect the blame. >> member states need to step up a bit more. they need to take their role more seriously in the management of eu funds. >> it is the 18th time in a row that you auditors have unearthed waste and errors in the eu budget. >> germany's database and an investigating potential terrorism suspects is back in the spotlight with critics saying that it is already being abused. >> a retired judge has brought a case to the constitutional court, stating that the criteria for storing information on individuals is too vague. >> germany's interior minister has argued that storing the information is crucial in the fight against terrorism. >> it was 2007 when, with the puh of a button, the former interior minister created the anti-terror database. for security agencies and data privacy activists, it was a monumental event. for the first time, nearly 40 government agencies were able to share data on suspected terrorists with one another. the data base grew rapidly and now reportedl

is check on european markets now european stocks fell by the most in two weeks outside the european commission on its growth forecast for the region also comments by the european central bank president mario did are they said that the debt crisis in the euro zone is beginning to have an impact on the german economy in those comments they go down too well at all which means the euro dropped against the u.s. dollar continues declining at the russian ruble finished wednesday's session stronger against the basket of cards says as for the us markets then it will significant losses and that soviet economic troubles hits investor sentiment as seven thousand individuals may use them of course bucking the trend was a carrier error factors passenger traffic increased by a quarter in the first nine months of the year lou call lost over one and a half percent the company has joined projects in territorial waters of the area and almost you will have to focus on. but better than the market you can see just that point six percent down. so more than the company's latest acquisition of t. and k b p well most o

. >> the european commission says that big companies should have 40% of their board seats occupied by women by the year 2020. >> it is a controversial plan that still has some hurdles to get past, but the women who masterminded the move says it is no position and in fact would make business sense -- it is a controversial plan that still has some hurdles to get passed. >> the justice commission are fought long to push her proposal through the eu's executive body. now, publicly listed firms in europe will need to have women in at least two out of five positions on their supervisory boards within eight years, an overdue correction. >> that is why we do not burden the companies. on the contrary, we help the companies to choose the best talent because it is not normal that we do have, as is the european average today, a defective -- the fact 85 mail quota -- de facto 85 male quota. >> we will turn every stone to make full use of our talents in order to create sustainable economic growth and to help european enterprises perform as well as possible. this is the objective of this proposal. >>

the european commission has approved plans by the spanish government to restructure troubled banks. the banks will receive 37 billion euros, but they will have to cut thousands of jobs in return. and they will be forced to recognize losses they suffered from the property crash. it has been more than two years since an explosion on an oil rig in the gulf of mexico released one of the worst oil spills in u.s. history. the obama administration announced is putting a temporary stop on new federal contracts with bp. for more on the financial impact, i spoke with adam brooks. and what does this actually need for bp? >> it means they still have not been forgiven for the explosion in the deep water rights in that killed 11 people and pumped millions of gallons of oil into the gulf of mexico in 2010. it means that in addition to $4.5 billion in fines that they have agreed to pay, a leading criminal charges, bp will now not -- pleading guilty to criminal charges, bp will now not in -- get any new business in the u.s. >> how much business does vp actually have with the u.s. government at the m

. >>> the european commission is coming to the rescue of four ailing spanish banks. it has agreed to bail out the banks as part of a $48 billion plan. the deal will be painful and will include layoffs and branch closures. the commission accepted rehabilitation plans submitted by bankia and three other spanish banks hit hard by the regional credit crisis. the banks will be obliged to streamline management. the biggest of them, bankia, could see its workforce reduced by 30% or some 6,000 employees by 2015. the spanish government asked the eu for help in june to help increase the capital bases of banks affected by the collapse of the country's real estate bubble. eu officials agreed on a rescue package totaling about $120 billion. >>> that's the latest in business for this hour. i'll leave you with a check on markets. >>> scientists are raising the alarm over another source of global warming. the threat comes from permafrost, a layer of soil that remains frozen throughout the year. scientists say the layer is melting, releasing greenhouse gases trapped in the ice. >> ob

noda met with van rompuy and european commission president jose manuel barroso. he told them japan will promote measures to eliminate nontariff trade barriers. he also asked them to win the support of eu members in getting economic partnership talks started as soon as possible. the european leaders noted some member countries haven't announced their support. but they said free trade with japan is important for the region's economic growth. noda, van rompuy, and barroso decided to hold a summit early next year during which time they would agree to an official start of the epa talks. >>> toyota motor is predicting that its operating profit for this fiscal year will be bigger than it has expected. that's because of strong sales in north america and southeast asian countries as well as cost-cutting efforts. the automaker estimates that profit for the business year ending next march will total $13 billion. that's up 5% in yen terms from its previous projection. but sales are seen falling 3% from an initial prediction of $265 billion. toyota says sales in china will re

the european commission is proposing a plan that will completely change the eurozone by creating a commonudget for the 17 nations. european leaders will talk more in depth about how to keep better track of finances among the countries at a summitt in mid-december. in a quick read on the latest comments out of the fed's beige book, the fed notes the u.s. economy is growing at a steady pace. hiring increased in many areas. manufacturing slowed in some sections of the u.s., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is gett

trying to limit the industry's influence and to and what it use as the conflict of interests the european commission has come up with a draft plan that threatens to halt the agency's access to government debt and put some restrictions on their ownership and busters will also get the right to sue the agencies if they can prove they've lost money is the result of gross incompetence on the part of the agencies the move follows a number of cases where the so-called big three rating companies that fitch moody's and s. and p. received harsh criticism for their actions oftentimes or downgrades caused extreme market volatility now the ball's in the european parliament's court house to accept or deny the plan. there is a very general feeling of dissatisfaction in the behavior of the big three the big three are not behaving and haven't behaved in the interests of the economy of the whole i don't think i think that is incontrovertibly they say that they have acted in the benefit of the investors. that is possible but i've met some investors who believe. that either they're acting in their own commercial intere

united kingdom probably even to you a correspondent have a say in their leaders of both the european commission and the european council insist the talks weren't a waste of time what do you think. well we do there's just so many different competing interests within the european union you as a continent is so very diverse with many different diverse economies that's why things like the euro don't work and of course budget negotiations when there's twenty seven member states in the european union just do not work because of course france wants an increase in the common agricultural policy funding other countries like germany don't want to spend more money on that and of course britain wants a general cuts in the amount of money that it gives to the european union and there's many different points of view towards the european central bank and the e.u. is turning around to countries such as italy greece and spain portugal and ireland saying oh you have to reduce your public expenditure whilst at the same time the european union is actually asking for more money to spend really these conflicts are u

the european commission has launched an investigation into the practices. the probe was prompted by a complaint filed in september by an eu solar industry association. the commission says it has gathered enough evidence to support the association's case. separately, the commission has been conducting an antidumping investigation on solar panel imports from china. china, for its part, has filed a similar complaint against the eu with the world trade organization on tuesday. the country is making a similar accusation about unfair subsidies for eu products. >>> now let's take a look at the markets. european share prices are trading on the back of a grim economic forecast for the eurozone. here's a look at the london ftse index, currently up by 0.25%. frankfurt's dax index also gaining by 0.5%, and the cac 40 in paris gaining 0.4%. earlier, asian stock prices were mostly lower on thursday following an overnight tumble in the u.s. sentiment was weighed down heavily as investors anticipate a fiscal cliff in the u.s. tokyo's nikkei average ended 1.5% lower, extend

we're here at the european commission in london but in a week that seeing the brussels budget debate also in italy ending in failure is once again britain's place within europe is back in the spotlight european leaders all similarly failing to come up with a deal that would please everyone budget that would take us from twenty four to twenty twenty percent very much wanted to be seen as leading the way in calling for the cuts indeed in the lead up to the negotiations there was a lot of concern that we see britain isolated from the other twenty six countries whose uncle alert cool he was the mediator these negotiations he stepped up to take personal side an unlikely form of support perhaps she was very much adamant that person wouldn't be left to fight this alone and exercise their veto as we saw happening in two thousand and eleven so we saw those other dana countries getting behind britain in this now at the end of it the prime minister said the president didn't get a deal but they didn't get an unacceptable deal but of course that leads us back exactly where we started with nothing

check out see what's going on our european stocks fell by the most in two weeks and that was a european commission cut its growth forecast for the region there. now that means the euro is dropping a against the u.s. dollar and the russian ruble managed to still read into the major cards is in the session today the rest of markets then they suffered significant losses on wednesday that says europe's economic troubles hates investor sentiment so let's check out some individual stocks. we did have bucking the trend air carrier air flight its passenger traffic increased by a quarter out in the first nine months of the year that was again up to call us to one another half percent the company has joined the soap project in the territorial waters of sierra leon and or major ross nat finished a bit further than the market last point six percent you can see just. now more on the company's latest acquisition. t. and k b p will not affect its privatization plans us according to the prime minister medvedev he has confirmed that the state still to quit the country's biggest or producer by twenty six states so

economists at the european commission cut their growth outlook for germany next year to 0.7%, a full percent lower than its previous estimate. there are new worries that german manufacturers are impacted by deep recessions in other euro-zone countries. >> susie: businesses have been on pause for a long time? but now that they know president obama has won a second term? what decisions will business leaders make? that's what i asked gary loveman today. he's the c.e.o. of caesars entertainment; he runs the largest gaming company in the world. >> i don't think we will do anything differently as a result of the election at this point. i think once we see whether there will be a tax for fiscal sanity, that will help. we have this so-called fiscal cliff emergency that is before us. if that fails to be resolved, you'll see a level of contraction in all hands on deck activities. it will be very disturbing. >> suzanne: if there is no deal on this fiscal cliff, what does that mean for your business? >> i think it will be very, very damaging to a consumer discretionary business, and others simil

promises about this bright future is pretty much the same rhetoric we've been hearing from the european commission for years now listen to this. beyond this year the outlook is for a temporary softening of growth next year to one and a half per cent to be followed by a pickup in twenty twitter their own two person group. i just want to point out that was november two thousand and ten basically my point is that all these austerity measures that the creditor is a demanding from europe's most troubled economies are only leading to more trouble first of all with all the way to pension cuts you basically kill whatever growth was left in these economies and then to add insult to injury you also have mounting unemployment and massive social unrest thousands of people instead of going to work go on strike how's that going to benefit economic growth well you know nobody has a crystal ball i mean this guy was obviously wrong in his in his predictions the one that we've just listened to but i mean crises do not resolve themselves in a day or even a month and so called troy. it would not just be frying money

of the whole blog but the european commission has its fingers in so many parts it has its fingers all hands on the leaders of power and so the impact of those cuts is going to be greater than the amount of money involved suggest as chris we found out explains. if in the end they can't agree on a budget then spending shuts down you start to see a shutdown of a lot of the programs are coming out of brussels the bottom line is you would be in a much deeper recession across the european union then we're in right now right now do your own is in a relatively mild recession it's fairly shallow but if we didn't get agreement on the budget and if we were to go all the way to you know past that line in the sand then you're looking at a several percentage point recession in europe thousand and thirteen and that of course would have global contagion and not the least of which would become you could use such as russia. in the end the even if we do agree a budget two more europe is still in deep trouble as we know it's got problems and it's in recession in the euro. so which ever way the economy po