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tv   [untitled]    November 11, 2010 1:00pm-1:30pm EST

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shared recovery beyond the crisis is the main theme that of course means money the summit kicked off with a business forum and there president medvedev urged the g. twenty to create a favorable environment for medium and small business does he really believes that that will get global recovery going for the first day is very much set up for bilateral meetings president medvedev met with british prime minister david cameron there the dialogue very positive both saying they see eye to eye on many of the top priorities of the g twenty and of course the top top priority is the economy and you can't talk about without china president medvedev did meet with president hu jintao and there they most likely spoke about the u.s. fiscal policy which the world is not very happy about right now the u.s. of course demanding and pushing very hard leon china to revalue its currency while at the same time pumping six hundred billion dollars into its own economy of course devaluing the dollar so there is an air of hypocrisy and leaders around the world
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are seeing this protesters are seeing this artie's alice hebert takes a closer look at this high stakes battle for the world's currencies they'll be plenty of soul searching at this g. twenty for the south korean capital it underlines its economic awakening but there are major spots around his country circle the wagons while others try to cool the schulze then there's the problem to the north this is g. twenty is being billed as the financial coming out of to south korea proof of just how far the country's come in the nearly sixty years since the end of the korean war once poorer than it's a northern communist neighbor and now the thirteenth the longest economy in the wilds north korea may just like some fool kilometers north of this freedom bridge and demilitarized zone but economically the to paul's the threat from the democratic people's republic was particularly large. and solace in taking any
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chances with security forces on high alert but it's another conflict on the g. twenty leaders minds the outbreak of the so-called currency war the us lead the charge accusing china of cheating world trade by also officially weakening its currency it was the one to be pulsed it the united states is going to try and saying we want you to commit economic suicide just like japan did we want you to follow the same thing we want you to revalue their currency we want you to squeeze your companies we want you to go bankrupt while you can imagine what the chinese are saying they're laughing their thinking you know are you guys and yet washington stands accused of allowing its own dollar to twin wallinger merging markets his own currencies are rising strongly and damaging the export competitiveness complaints intensified after the third reserve announced a second print run of six hundred billion dollars the quantitative easing designed
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to get cash flowing but with other economies warry will flood bear market russia's president medvedev wants the summit to agree that when countries like the u.s. take big steps to save themselves that they consider the ripples it causes and get permission from the g. twenty first the russian position is that we need more coordinated approach we don't want surprises from partners. we want. a more. central bank. some stability in the markets among other leading critics of germany the world's fourth largest economy its finance minister calling the us helpless i don't think the u.s. is making its case any stronger through the measures that is taking through printing dollars to weaken its own currency because that looks far too much like
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a competitive the. evaluation one hundred european countries see it as a dangerous move because what it could do is increase the capital control around the world but that's not what barack obama wants to hear the president's call for germany along with china and japan to rely last fall bad dominant export markets and spend more and who is pulling all of death is the truth is that no one is happy with today's international monetary system especially the dominance of the dollar as a reserve currency and america's management of it and what business leaders want the g twenty to realize is that nations will have to fight their natural urge to try and protect their own countries trade and should boost foreign investment alistair fits our t. cells south korea. is the latest twist to the summer's big spy scandal a russian newspaper now says it has discovered the identity of the man who exposed eleven russian agents working in the united states the congress and daily claims it
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was a former foreign intelligence service employee you employ but so far there's been no official comment about the article piskun of picks up the story tonight. community newspaper claims to have held its own investigation and the see that conal should above call for an officer of the russian foreign intelligence service was a double agent it was him responsible for blowing the cover on his colleagues in the united states last summer which resulted basically in the biggest spying scandal between moscow and washington since the cold war era the newspaper says that before this scandal erupted paula should walk off was offered a promotion by russian authorities which she rejected possibly because he had to take a lie detector test which could have revealed his activities as a double agent and also reportedly so months before the scandal should walk off daughter who left russia to the united states. and also this could put to him that
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she might have known that something was about to happen in june american authorities announced that they were arrested a group of people suspected of being secret or russian agents who worked in the united states undercover for years in some cases for decades and they've all been arrested or found guilty by a u.s. court of being unregistered foreign agents and deported from the united states to russia in exchange for four people who are serving time here after having been found guilty of being foreign spies back then this summer everybody was talking about it on a chopper and one of the people in that group deported from the united states a very successful young business woman everybody started calling her the russian james bond girl and she really got most of the media attention now became a sun newspaper and is now also focusing on the one of the members of that group of deported from of the united states this man has already been deemed
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a super agent and this is mikhail was soon cool left of the soviet union back in the nineteen sixty's first to spain and then to latin america. he became a photographer and it became known under the name of one. traveled to the united states became acquainted with a lot of politicians and other officials and this man reportedly denied being a russian agent up to the very end and it was actually. who presented to the secret materials proving that. it was a russian agent and it was only very much that he actually said it is a real mean to the investigation so some really interesting details are now emerging despite the fact that the scandal itself erupted just several months ago. offering that story today britain's prime minister's condemned the rioting the broke out in london during wednesday student demonstrations it was the biggest
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protest yet against the deep cuts the country faces to tackle its massive debt tens of thousands of students marched against a planned hike in chu ition fees which could see them travel to nine thousand pounds a year tempers boiled over outside the headquarters of the conservative party which is the main group in the governing coalition right now plasters burned banners broke windows and holed objects at the police over thirty arrests were made in the clashes which left several wounded the spike in college costs and the harsh budget cuts come at the time when the u.k. is planning to send more money across the channel to fund the e.u. next year i spoke to david campbell bannerman who's a british member of the european parliament he told me that increasing the evas budget is pointless because of massive amounts of waste. we've only been clear really in the last week of what's happening which ration fees is a huge to change and of course the lib dems are liberal democrats who are part of the coalition government promised to get rid of true efficiencies altogether so they been caught lying affectively and that's created
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a lot of anger but there's no excuse for this kind of violence on the streets of london when you look at where the money's going i mean the m.e.p. expend. his account has gone up by eighty five percent that's for entertainment you're getting film prizes there's a competition going on as we speak there's money going on the hunting of states the private golf clubs you know it's a huge waste of money there's no excuse for any increase in the budget in fact it should be coutts we think david cameron has boasted about this two point nine nine percent increase has been great cut relative to six percent that's what the european parliament here wanted a six percent increase which is outrageous really but to be honest this is not true it has actually been agreed it's now is cool does only by the actual chief negotiator here the m.e.p. negotiating involve the parliament has called this two point nine percent claim as being designed this and the president of the european union says it's an opinion
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not a decision so i mean to be honest we don't know where we are at the budget could be far more than two point nine percent it could go up towards six percent in siri so we really are left in limbo here but there's no excuse for this kind of increase. doctors treating the russian journalist oleg kashin have brought him out of a coma now the reporter was savagely beaten in moscow last week but his wife says he still has a long way to go to making a full recovery dozens of cash and supporters have been gathering in central moscow meantime today. with other stacey last time i spoke to just last hour a lot of crowds around you indeed earlier on it appeared that it was the busiest meeting outside moscow police that we've seen so far there's been a number of them looking over your shoulder see a lot of those people have gone but nonetheless they were trying to get their message across weren't they what were they demanded a. good evening to you kevin yes we're at the scene of a rally day just wrapped up in protesters have been gathering through out moscow
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demanding better protections for journalists and demanding a swift but their own investigation into that savage beating a political writer and blogger. no he was accosted just steps away from his building early saturday morning and with a witness tells us that he was apparently the two men who were waiting for him and one of the men was holding of all things a bouquet of flowers that conceals a metal rod that they use that they later beat caution with he suffered severe head injuries and broken bones including a leg and his upper and lower jaw he is now awakened from his medically induced coma we're told that he can answer yes and no questions that he knows his name to he remembers what happens to him i would doctors are saying that they don't think that he has any severe brain damage but it's too early to tell if there is any they going to be the long term effects that russia has proven day dangerous for russia for a journalist thirty five have been murdered from two thousand to two thousand and
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nine and that has forced international press institute to rank russia as fit as the fifth most dangerous city for countries for journalists to be and this latest beating has gotten international attention with the u.s. state department. the council of europe and amnesty international condemning this act the noise of calls from the police investigation one of a saying so far waterway no. great we're still early in the investigation but so far this case has been transferred to the country's top investigators they have a very good track record and they have experience with dealing with high profile cases so far forty people have been interviewed but so far a suspect list has not been released a statement of such brings up to date the office of developing story from central moscow. it's veterans day in the united states some time when the troops hoping to boost its numbers by capitalizing on public
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a motion for war heroes army video games and parades are among the tools aimed at young people from poor neighborhoods recruiters try to fill a quota but his lower enlisted met an iraq veteran who says that he couldn't take any more war that others shouldn't have to either. autumn in new york the leaves red and yellow reminders that seasons change green becomes obsolete for people to meet sergeant sure rowe first name out this u.s. army all formerly and now but there are vets who are anti military i'm one of them you know there are vets who are anti american specifically because of what they experienced and i'm one of them he keeps moving forward as a college student and activist trying to create change. because he can't turn back time i came to that conclusion that personal conclusion that we were actually not just we hadn't just made a mistake but we were and continue to be in violation of the law to wage the war in iraq that i said it is imperative that i not go the math is took the military head
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on resistance even if more quiet is becoming more common since two thousand and four the number of soldiers who have gone a while in the u.s. army has gone up two hundred thirty four percent according to an army report i would say it's an extremely linked to the wars in iraq and afghanistan to repeat deployments to even abuse within the military realities perhaps not told to young people when they enlist but use a lot of different underhanded tactics to recruit youth into the military here you can see some of those after we are you can be a baptist ok behind me the west point military academy drill team is performing because it's military appreciation night sponsored by the u.s. army and it's also a student rewards night were students as young as grade school had been given free tickets to the game. so it's also a recruiting opportunity it is what we like to call it just kind of community
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relations if. it is it could be a recruiting event as well as outside a souped up humvee welcomes kids from this poor new york suburb. off their bus the pretty awful hopelessness virtual reality and video games market flying drones going into battle and firing weapons you know they don't have. you know feeling suicidal again today a video game inside g.i. johnny draws a crowd and the future soldier trainer game as it's called you just showed you draws a new recruit who recently enlisted you praise you. to be every shot around them. the math this is nothing this young man knows will prepare him they say your travel the world and you'll meet interesting people. is really going to be basically. these promises are sold but something's missing and they never address the
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brutality they they always leave it out they just they just say oh you know what the military is like you know if you if you've played some shoot 'em up video game one time but war isn't a game and the u.s. military experience doesn't fit into a half time show and looking from a veteran on the other side of it this was a mile across a jacket to a soldier about to embark time almost stand still i was on to do something but seasons will change and time minutes soldiers will keep marching on lauren lyster r.t. new york. it was pretty to interest you on long island home page are the words that an eye for you as israel battles international pressure to its controversial war seems others of finding ways to exploit the situation and deal with the blows noted the good they say they more than online tonight see. it's tacky but you can't help looking you know from studies diamonds study the kitchen utensils why ask yourself
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why it's a limited edition sports cars find out what the super rich are splashing out on a moscow's millionaire well worth a look at one tonight. because it's annoying when it's personal and moscow. time world news in brief now a powerful explosions rocked pakistan's largest city killed at least fifteen people and wounded nearly one hundred others it destroyed a police building in karachi and how close to the heavily fortified u.s. embassy emergency crews are now searching for survivors of a drug witnesses say the crater left by the blast suggests it could have been a car bomb. or world news iraqi leaders have agreed to create a unity government after eight months of political standoff nouri al maliki will serve as prime minister for another term under the new deal which includes parties from the shia sunni and kurdish side negotiations have been ongoing since elections in march failed to produce a decisive result it's hoped the deal will help stabilize the country's fragile security situation. millions of people across europe are marking armistice day
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paying tribute to the victims of all conflicts since the first world war these are the pictures of the two minute silence held in london to remember those who gave their lives for their country a moral services will also be held on remembrance sunday. russia is set to double up its stake here in the world of formula one it has been confirmed the moscow based super car maker model ship as both a share of british f one team virgin racing with a russian event soon to be added to the racing calendar interest in the country is on the rise but he's tom barton has more on what russia is driving on. seem to have rather exploded onto the scene let's start with the man behind the company or one of the coordinates of the company nicholai for menko a huge figure within russian racing a distinguished russian race driver and also the host of the russian version of the television motor show top gear this company. which here is
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a code it's a super car maker it's revealed already some very high performance cars and next year everyone's waiting with bated breath because it is announced early next year it will unveil its first one. caught her young stock under construction in the u.k. the company itself wants to build commercial cars as well as super cars but now it has moved further into that glamorous sport of air war by buying a large stake no figures mentioned yet but unfortunately not a controlling stake was certainly according to reports a large stake in the virgin racing team in britain which makes it almost formula one team so its cars are going to be on the track sooner rather than later and there will be see how they do their name itself that they're going to give it a virgin racing mind to track it if you want to see itself is a informal version of the russian name with
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a real civil war so the real virgin racing which want to chuck schumer from some pundits but before we start making jokes let's see how they do on the trail the start of florida seems to be well and truly waged in russia over the past few days has been little bits of news coming out about formula one the biggest of them i suppose in terms of russia in the formula one scene in the world is the deal struck with formula one after decades of waiting for russia to host formula one races in the southern resort of sochi after that city hosts the winter olympics in two thousand and fourteen. artie's tabar reporting their first world war two mystery surfacing from the deep blue sea in ten minutes for the business up there just a moment. hungry for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. in
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indonesia oh she's available in hotels coming dolly resort and spa. resort and spa boni. remote have been turned bone. spawn sunday of beach otoh the wisdom result use of doing something made bunny suffer till some in the. resort and spa the ritz carlton hotel grounds many as you call it a hotel full seasons hotel the sultan who turns. out a welcome to business program i'm going to have you with us first news from the g. twenty summit in south korea where russia's finance minister aleksei couldn't has warned that if some nations continue to weaken their currencies it could force other countries to respond. i think this problem may get worse if some
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countries will strengthen for example the ruble by weakening their own currencies and trying to gain competitive advantage of course it can force other countries to use different defense measures tariffs or import restrictions so we need to find a common path without mis balancing the interests of different countries should we have a quarter was hopeful that the g twenty would approve leisure's to avoid another financial crisis felt like the steps. rather within the first of all the rules of financial regulation on the markets to avoid similar bubbles and big corporate bankruptcy now banks will have to meet basel three standards but if we talk about the i.m.f. and the reform of other organizations this summit outlined new quotas and plans for these institutions examine their roles in the current crisis how to avoid future crises and how to create an accessible credit network. it's not only currencies
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that were only agenda in south korea politicians and financial leaders failed to reach agreement on the issue of trade imbalances either tank or reports on the divisions as well. reports of raised voices behind closed doors contrasts sharply with the image of unity two years ago then the leaders of the g twenty stood united in their efforts to avoid an acid crash turning into a global depression now member countries are divided on key issues the last g. twenty meeting pledge not to pursue currency wars since then the u.s. and around six hundred billion dollars of stimulus to drive down the dollar this conflict problem leads to a more volatility of the. currency market. i think both of. us have a bet for the world economy even former us federal reserve chairman alan greenspan
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stepped into the fray saying that the u.s. should not devalue its currency the move has divided emerging markets brazil condemning russia welcoming a new wave of capital inflows russia could actually benefit from that i mean it's in a different situation to the other say so-called bric countries russia has not had a substantial amount of capital inflows in the last couple of years in fact quite the opposite flaws in the last two years of total almost two hundred billion so it actually could do it reversing some of that in taken some money back a proposal from the head of the world bank for a new reserve currency met with silence in contrast with a desire in two thousand and eight to create a new world financial order on trade the g twenty is also struggling to get the world's leading manufacturers not just to sell goods but to buy them as well along with china germany opposed a u.s. suggestion of targets for cutting exist trade imbalances one ray of hope however is
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that all leaders did agree to avoid protectionism. michael christian business r.t. . to see how the markets are performing russian stock markets finished in the red on thursday raising virtually all the gains since the beginning of the week the r.t. has ended half a percent lower in the eyes expel over at eight percent the bear bank and telecom were the biggest loser falling over two and two and a half percent respectively. european stock markets finished mixed losses from the financial sector offset earnings announcement from siemens and bt group in london b.g. shares rose over five percent of the telecoms firm increase its forecasts for full year earnings and the euro was under pressure again dropping to its lowest level since early october. and stocks in the u.s. declined sharply with technology companies especially battered after cisco systems gave a disappointing outlook energy stocks are also fighting their way back to the flat line holding on to much of their recent run up as despite losses in the broad
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equity market. than good news for foreign gold miners russia could lift some restrictions on gold mining in the country and natural resources ministry plans to lift the threshold for state owned deposits of copper and gold it means foreign companies will now be able to exploit deposits of up to two hundred tons before their declared a strategic reserve the previous threshold was just fifty tons that made gold mining in russia impractical for foreign companies as the head of gold tim mccutcheon explains you start with something small sort of becomes big now what does the government come by and say we have a commission has to decide whether you can have or not and you say wait a minute i've already spent you know one hundred million dollars on this thing and now you got to tell me i don't own it. so by having that risk removed. just the risk of you know whatever it happens to be the fewer there are the better and by having the barrier reef up to two hundred tons it helps remove
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a lot of those risks. that's business update i'll be back with more in less than one hour but meanwhile website.
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this is just a parliament building in. them. sixty from years ago. it was the final target. to move through from some from the army. its country became the symbol of the former financial system. and the big three were nazi germany. the fall i'm in. there watching on t.v. a global broadcaster of news from moscow good to have you with us these are all top stories the leaders of the world's twenty richest nations are putting their heads together in salt as they brainstorm a financial revival but the threat of currency wars is causing a shadow over some of the some countries being seen to use exchange rates to keep
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themselves afloat a call. to the others. and you twist of the transatlantic spy saga today as a newspaper reveals who it claims betrayed eleven russian agents in the u.s. this is the russian day the sites of former foreign intelligence service employee known as colonel should back off. from britain joining other europeans outcry over deep cuts to jobs and benefits with the biggest display yet the public anger tens of thousands of students to send it on london against a massive hike in university fees while more money for the new e.u. bureaucracy. next tonight the second world war secrets those spent decades hidden at the bottom of the black sea odyssey looks at what they might tell us all about the twentieth century's most brutal conflict. with the banks and supplies looted the years main event is about.


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