to the other country that has not changed it's called and to ask for the corporation through the g twenty. of all the countries in the world like we're asking them on the question of exchange of ducks information of one hundred twenty countries are helping to generate tax information exchange and there is nowhere to hide anymore well that is the kind of cooperation that we would like to see and we would like russia to be the champion of this effort we're doing it out we're launching it out of moscow we're launching it in the finance ministers meetings in moscow and we're going to take it all the way to st petersburg with a plan of action that could be supported by the political clout of the leaders so you think that's one of the issues that's going to be on the g. twenty in janda i certainly think so it is already in the agenda the question of whether the leaders keep it in the agenda it's their prerogative but that's one of the things that we talked about with president putin yesterday or the other thing that's widely discussed of course is certainly in europe is the so-called tax on the

not foreshocks with the lowest debt ratio of any g twenty member russia has its old set of goals its own set of priorities one of the issues that it has already put on the table is the investment incentives and creating jobs primarily in the high tech sector as the main driving force of future growth and that's it's precisely that we're setting the right policy target that was the original idea behind the g twenty and some of these policies are already bearing fruit like stabilizing economic growth and certainly in the euro zone that's according to the european central bank had mario drawing it as usual he was scarce on the details but here's what he said during a press conference. in the central bank headquarters here in moscow you see uniformly signs of stability zeeshan of increasing confidence we see spreads going down we see volatility going down we've seen by and large stock markets going up early on friday i had an opportunity to speak with our q gudiya he's the head of the organization for economic cooperation and development he was enthusiastically sharing the o.e.c.d. his l

to the other country that has not changed it's called and to ask for the corporation through the g twenty. of all the countries in the world like we're asking them on the question of exchange of ducks information of one hundred twenty countries are helping to generate tax information exchange and there is nowhere to hide anymore well that is the kind of cooperation that we would like to see and we would like russia to be the champion of this effort we're doing it out we're launching it out of moscow we're launching it in the finance ministers meetings in moscow and we're going to take it all the way to st petersburg with a plan of action that could be supported by the political clout of the leaders so you think that's one of the issues that's going to be on the g. twenty in janda i certainly think so it is already in the agenda the question of whether the leaders keep it in the agenda it's their prerogative but that's one of the things that we talked about with president putin yesterday or the other thing that's widely discussed of course is certainly in europe is the so-called the tax on

to the other country that has not changed it's called and to ask for the corporation through the g twenty. of all the countries in the world like we're asking them on the question of exchange of ducks information of one hundred twenty countries are helping to generate tax information exchange and there is nowhere to hide anymore well that is the kind of cooperation that we would like to see and we would like russia to be the champion of this effort we're doing it out we're launching it out of moscow we're launching it in the finance ministers meetings in moscow and we're going to take it all the way to st petersburg with a plan of action that could be supported by the political clout of the leaders so you think that's one of the issues that's going to be on the g twenty in janda i certainly think so it is already in the agenda the question of whether the leaders keep it in the agenda it's their prerogative but that's one of the things that we talked about with president putin yesterday or the other thing that's widely discussed of course is certainly in europe is the so-called tax on the

to the other country that has not changed it's called and to ask for the corporation through the g twenty. of all the countries in the world like we're asking them on the question of exchange of ducks information of one hundred twenty countries are helping to generate tax information exchange and there is nowhere to hide anymore well that is the kind of cooperation that we would like to see and we would like russia to be the champion of this effort we're doing it out we're launching it out of moscow we're launching it in the finance ministers meetings in moscow and we're going to take it all the way to st petersburg with a plan of action that could be supported by the political clout of the leaders so you think that's one of the issues that's going to be on the g. twenty in janda i certainly think so it is already in the agenda the question of whether the leaders keep in the agenda it's their prerogative but that's one of the things that we talked about with president putin yesterday or the other thing that's widely discussed of course is certainly in europe is the so-called tax on the fi

g. twenty also the accession of russia into the o.e.c.d. is for us of a game changer and it's going to be very important russia is a very large economy it's a very important presence in the world of energy it's a very important presence in all these international fora accent and so we really are very interested very excited about the bus ability of having as a member and i think russia can benefit also from being in an institution that is not about lending money is not about giving grants it's not about fixing economies that are not broken it's about policy discussions about what are the best possible policies and therefore what can be the best practices. that russia can adopt we're not going to tell russia what to do with russia we're going to tell the russians what all other countries in the world are doing about the same problem of health care the same problem of education the same problem with innovation the same problem with research and development the same problem with the tax structures the same problem with the deficit whatever you

g. twenty meeting today it seems like the g. twenty. waiting i mean after the g. seven meeting you got the g seven are the debtors and that are going to meet with their creditors they're coming up with a plan to me what the creditors the chinas of the russias the world who are financing the the west so to speak what's going to be their plan where i am i think i'm going to go in with the same policy because i think they are trying to go in with the united front and japan you know this is all kind of started from this currency war is happening and meanwhile what you say you've got the nations of the g. twenty and we've had at least three or four years that they've nation saying that these currencies are being devalued and you know we want to see something being done in the way the and sasha current system is being run is two dollars centric and it's not you know it's not fair on them and you know brazil said their company years ago and then i'll bring it back but they'd like to see a more. more internationally international system so i think it will be interesting w

g. twenty meeting today it seems like the g twenty meeting coming out of the g. seven meeting you've got the g seven or the debtors and that are going to meet with their creditors they're coming up with a plan to me what the creditors of the chinas in the rushes the world are financing the the west so to speak what's going to be their plan where i am i think they're going to go in with the same policy because i think trying to go into the united front and japan you know this is all kind of started from this currency wars happening and meanwhile like you say you've got the nations of the g. twenty and we've had at least three or four years if they nation saying that these currencies are being devalued and we want to see something being done in the way the and sasha current system is being run is two dollars centric and it's not you know it's not fair on them and you know brazil said their company years ago and then i'll bring it back but they'd like to see more. more internationally international system so i think it will be interesting what happens this weekend b

take full tide carissa bottles and europe's painful crisis will come to light at a meeting of the g twenty financial heads and the leaders of central banks here in moscow for russia the gathering is seen as a launch pad for aboard a g. twenty summit this year and to talk more on that are now joined live by aussies lucy catherine of who's here in moscow so very nice to see lucy good morning so all we're hearing now is concerns about the prospects of the so-called currency wars so what's behind this and not any decisions on the cards. good morning well of course when central bankers and top finance leaders meet here today in moscow the only topic at the top of the agenda is really probably going to be the currency war scandal now what's really prompted this japan has seen various fluctuations in its economy as a result the yen has slid quite drastically over the past few months that this is prompted some countries to accuse it of essentially protectionist policies of deflating artificially the value of the yen and what does that really mean well when a country isn't doing so well economicall

now it's a big day in the course of moscow hosting the g twenty leaders you're talking about no doubt but other things happening of course in your business i mean that's the dominating thing as you would imagine as you would expect but there's other things going on the russian stock market has. today that's big news i'll give you market reaction to that as well as. in ukraine was a day and could be on the horizon tell you what about it bill often back in the business ok thanks very much in the. us. today violence is once again flared up. these are the images. from the streets of canada. showing operations around the day. we speak your language. programs documentaries and spanish what matters to you. i want to turn a different angle to the story. i'll teach spanish find out more visit. welcome to business i'm told.

in this past week leading up to the g twenty we also had the g. seven they were saying denying that there's a currency war that of course you need an official denial in order to confirm that it is true david cameron was asked by some old codger in prime minister questions time about his experience his old guy had lived through the great depression and he said it looks like with all this quantitative easing that we're actually trying to devalue the pound but so is the yeah and the japanese yen and america they're all devaluing their currencies now i lived through the great depression of world war two and that led to hot war because it became a trade war then hot war and here's how david cameron answered. i think what he says is important no one wants to see a string of competitive devaluations always the one happened to sterling. as a result of the very deep recession here was a depreciation i don't believe that you depreciate your way to growth in whatever country you are but what you should do is use the benefit when that and there's a structural

g. twenty meeting today it seems like the g. twenty meeting coming out of the g. seven meeting you've got the g. seven are the debtors and now they're going to meet with their creditors they're coming up with a plan to me what the creditors the chinas of the russias the world who are financing the the west so to speak what's going to be their plan where i am i think they're going to go in with the same policy because i think they are trying to go in with the united front and japan you know this is all kind of started from this currency wars happening and meanwhile you say you've got the nations of the g. twenty and we've had at least three or four years that they've nation saying that these currencies are being devalued and you know we want to see something being done in the way the and sasha current system is being run is two dollars centric and it's not you know it's not fair on them and you know brazil said a couple of years ago and then i'll bring it back that they'd like to see more. more internationally international system so i think it will be interesting

g. twenty summit this year and to talk more on that and are joined live by and he's. lucy. but you've been overshadowed yeah a bit but. to me to write story but still always hearing now its concerns about the prospect of the so-called currency war so what's behind this and are there any decisions on the cards today. good morning there you will from a cosmic sparks caused by media showers to economic sparks caused by the prospect of a currency war now this has been raised by japan essentially lowering the value of the yen and this has opened a massive rift between rich countries who are heavily in debt and growing faster growing countries developing countries that are heavily dependent on exports who are quite worried about a wave of competitive devaluations now what does all this financial mumbo jumbo mean basically in tough economic times it could be pretty tempting for a country to lower the value of its currency for example taking this twenty dollar bill and making it worth a little bit less now why would someone want to do that because when your currency is devalued tha

well a business desk is also closely watching the meeting of the g twenty finance heads and. business correspondent. has more on what's catching their attention. the other issue that's being actively discussed by the finance ministers here in moscow is the so-called financial transaction tax in europe that the european commission claims will bring in additional thirty five billion euros choose the european kafirs earlier today i actually spoke to the head of the o.e.c.d. on t.v. who said that this measure would only work if all of the world's leading economies would agree to it and he explained why you can watch that entire interview later on on r c and of course all the details of the g twenty finance ministers meeting a coming to you in the business bulletin at eighteen thirty g.m.t. . well as you join us for that within. this hour the republicans are blocking chuck hagel from becoming america's defense secretary. more about president obama's candidate and in just a few minutes here on the program we'll be joined by a reporter in washington about why hey girl is causing suc

g. twenty meeting in moscow finance chiefs discussed the possibility of a currency war as well as the ongoing e.u. debt crisis. in line from our studios in moscow this is our tease and i'm glad to have you with us let's get right to our top stories picture this it is eight fifty one in the morning in a mid sized city east of the earl's people are starting to school or work when the sky is a lit up by the fiery path of the media or about to smash into the earth in the middle of russia one eyewitness was the canadian hockey player michael garnett who gave r.t. a firsthand account of the dramatic arrive. speak bright like shining across the sky you know blinding brighter than the sun and then it was followed by a huge. explosion what a minute or so later that broke last mary's and the late fixtures were swaying back and forth and i don't point when looking out the window when i saw this giant streak going across the sky like the tail of the cloud of what what had just happened and i at that point i knew it was something that came from the sky immediately called one of my teammates who lives in m

g. twenty summit this year and to talk more on that and are joined live by and he's. lucy i'm sorry but you've been overshadowed yeah a bit of that asteroid meteorite story but still always hearing now its concerns about the prospect of these so-called currency wars so what's behind this and are there any decisions on the cards today. good morning there you will from a cosmic sparks caused by media showers to economic sparks caused by the prospect of a currency war this has been raised by japan essentially lowering the value of the u.n. and this has opened a massive rift between rich countries who are heavily in debt and growing faster growing countries developing countries that are heavily dependent on exports who are quite worried about a wave of competitive devaluations now what does all this financial mumbo jumbo mean basically in tough economic times it could be pretty tempting for a country to lower the value of its currency for example taking this twenty dollar bill and making it worth a little bit less now why would someone want to do that because when your cu

g. twenty meeting in moscow we have more on that just after a short break. well . it's technology innovation all the developments from around russia we. covered. it seems so. and the. other part of it and realized. welcome to the big picture. is he used to. be back with us g twenty finance chiefs have met in moscow to discuss a potential currency war as well as the european debt crisis for russia the gathering is seen as a launch pad for the g twenty summit later this year. has been following the talks in the kremlin. a lot of conflicting statements have been said about this talk of the impending looming currency war which has led some folks some market watchers to be quite confused as to what we'll actually see coming out of this g. twenty talks here in moscow now at the center of the whole controversy of crisis is japan due to its aggressive monetary and fiscal policies it has seen a weakening of the and so what this has resulted in this essentially a clash between the countries very little consensus we did hear from a russian finance minister. who has said that

g. twenty meeting today it seems like the g. twenty meeting coming out of the g. seven meeting you've got the g. seven are the debtors and that are going to meet with their creditors they're coming up with a plan to me what the creditors of the chinas of the russias the world who are financing the the west so to speak what's going to be their plan where i am i think they're going to go in with the same policy because i think that what we're trying to go in with the united front and japan you know this is all kind of started from this currency wars happening and meanwhile like you say you've got the creditor nations of the g. twenty and we've had at least three or four years that they've nations saying that these currencies are being devalued and we want to see something being done in the way the international current system is being run is two dollars centric and it's not you know it's not fair on them and you know brazil said their company years ago and then i'll bring it back that they'd like to see more. more internationally. in fashionable system so i think it

in this past week leading up to the g twenty we also had the g. seven they were saying denying that this occurred. since he wore that of course you need an official denial in order to confirm that it is true david cameron was asked by some old codger in prime minister questions time about his experience his old guy had lived through the great depression and he said it looks like with all this quantitative easing that we're actually trying to devalue the pound but so is the.

g. twenty talks here in moscow now at the center of the whole controversy of crisis is japan due to its aggressive monetary and fiscal policies it has seen a weakening of the and so what this has resulted in is essentially a clash between the countries very little consensus we did hear from a russian finance minister. who has said that this is certainly an important issue that of currencies that is very much on the table but at the very same time we've seen other world leaders come up and say that you know what currency wars aren't really a threat they're trying to calm down the market to some have even questioned whether japan's actions constitute as a manipulation of the currency basically when a country is in the dire fiscal situation such as of course as we all know many countries are today like japan for instance is one option that a country house is to devalue its currency so making something like this a twenty dollar bill worth less you can do that by a variety of means for example printing cash because why would you want to do that when your currency is worth less your manufactu

g. twenty summit and the latest edition of the kaiser report. well. science technology innovation all the moves developments from around russia we've got the future covered. choose your language. we can without any financial system still some. choose to use the consensus you. choose to tell us that you think are great to. choose the stories that impact your. chance to access to often. you. know. you. guys are this is the kaiser report you know if you show up to a gunfight with a knife chances are you're going to have your guts ripped out shot dead in the street like a dog show up to a currency war with paper like mervyn king or ben bernanke here these other central bank clowns and you'll also be eviscerated gunned down in the street by the gold vigilantes and that's a good thing stacey yes max over the past few weeks we've seen the coming of the showdown at the ok currency corral right you've seen very same d.c. wanted dead or alive essentially against the u.s. dollar right there in the middle of the poster oh it looks like i'm going to tell us about

of existence because also closely watching the meeting of the g twenty finance heads in moscow forties business correspondent natasha shouldn't scott has more on what's catching their attention the other issue that's being actively discussed by the finance ministers here in the last go is the so-called financial transaction tax in europe that the european commission claims will bring in additional thirty five billion euro chu the european coffers earlier today i actually spoke to the head of the o.e.c.d. on fugu rio who said that this measure would only work if all of the world's leading economies would agree to it and he explained why you could watch that entire interview later on on our c. and of course all the details of the g twenty finance ministers meeting the coming to you in the business bulletin at eighteen thirty g.m.t. . with still to come in the program the. second anniversary of the uprising that toppled preparations includes setting up roadblocks across the country and nato forces gathering in the capital as a number of those protesting against the new government increase

g. twenty talks here in moscow now at the center of the whole controversy of crisis is japan to do with aggressive monetary and fiscal policies it has seen a weakening of the and so what this has resulted in this essentially a clash between the countries very little consensus we did hear from a russian finance minister. who has said that this is certainly an important issue that of currencies that is very much on the table but at the very same time we've seen other world leaders come up and say that you know what currency wars aren't really a threat they're trying to calm down the market to some have even questioned whether japan's actions constitute a manipulation of the currency basically when a country is in the dire fiscal situation such as of course as we all know many countries are today like japan for instance is one option that a country house is to devalue its currency so making something like this a twenty dollar bill worth less you can do that by a variety of means for example by printing cash and why would you want to do that when your currency is worth less your manufacture

in this past week leading up to the g twenty.

well our business desk is also closely watching the meeting of the g twenty finance heads and more news business correspondent natasha and yet more and what's cutting their attention. the other issue that's being actively discussed by the finance ministers here in mall sco is the so-called financial transaction tax in europe that the european commission claims will bring in additional thirty five billion euros choose the european coffers earlier today i actually spoke to the head of the o.e.c.d. on t.v. who said that this measure would only work if all of the world's leading economies would agree to it and he explained why you could watch that entire interview later on on our c. and of course all the details of the g twenty finance ministers meeting the coming to you in the business bulletin at eighteen thirty g.m.t. . to join us for that within. this hour the republicans are blocking chuck hagel from becoming america's defense secretary. more about president obama's candidate and in just a few minutes here on the program we'll be joined by a reporter in washington about why hagel is ca

g. twenty meeting today it seems like the g. twenty meeting coming out of the g. seven meeting you've got the g seven or the debtors and that are going to meet with their creditors they're coming up with a plan to meet with the creditors the chinas of the russias the world or financing the the west so to speak what's going to be their plan where i am i think they're going to go in with the same policy because i think that what we're trying to go in with the united front and japan you know this is all kind of started from this currency was happening meanwhile that you say you've got the nations of the g. twenty and we've had at least three or four years if they nation saying that these currencies are being devalued and you know we want to see something being done in the way the international current system is being run is two dollars centric and it's not you know it's not fair on them and you know brazil said a couple of years ago and then i'll bring it back that they'd like to see more. more internationally. it's in fashion system so i think it will be interesting

watch that entire interview later on oil r t and of course we'll bring you all the details of the g twenty finance ministers meeting here in moscow in the business bulletin at eighteen thirty g.m.t. not a very good looking forward about eighteen thirty g.m.t. the business bulletin elsie's on the touch and yes guy a pleasure to see you today thank you. for you with all to you live from moscow still to come for you on the program but of libya preparing to mark the second anniversary of the uprising that toppled could definitely and preparation include setting up roadblocks across the country and nato forces gathering inside the capital this as the number of those protesting against the new government continues to increase more after a very short break. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about six iffy ip interviews intriguing stories for you to. try. to find out more visit our big. dog called. mission free could you take three months for free make amends free. three stooges free. download free broadcast quality video for