bowl is the b.p. has already failed as we all remember to team up with ross never why is it going ahead and basically moving in the same direction now with gas from the why is it so interested in creating a new partnership in russia. you know full b p rashi's extremely important council and the extremely important part not when all the bronx wants to go to so the percent of the income of global company b. is coming from russia so russia is extremely important to us because of our jobs to be in business russia is extremely important they were speaking about rubys also be counted and that is why it could be rationed was going strong is also good about doing before be to increase the presence on the pound when you own the global guess my could because you know now old be all major us they are preparing to be global guest major and its the jewel sale the facts of mobile also which is that there will be feet that his wife will be is exceedingly important the sink about to get the ration with the biggest ga

but b.p. is falling back service still is closing coles mines in the united states if we get some of the company shares up at the moment to on the minus six and the russian markets they've been up and down in most of this off the new north to yesterday's horror show when the office lost over four percent now the european markets will call for. america because good chinese manufacturing dates is be outweighed by worry europe tech stocks all down after microsoft intel and yahoo all expressed caution on the economy it's raining in spain again madrid saw a big sis down another three percent this hour as finance minister holds crunch talks to germany today european currencies losing to the dollar again this hour in fact the greenback is that multi-year highs to its rivals russia was to link its your a c n n siberian grid systems which historically had separate more kids whose aim to increase competition between power companies and lower consumer prices list to wall it's a huge project that will tak

b.p. stake in t. and k. b.p. now the state companies says it's already agreed to commence negotiations with the british sub now earlier on the b.p. said it wanted to sell its halls in the venture due to a collapse in relations with the current partners the last week russian co-owners who have preferential rights to buy shares of a ten billion dollars behalf of b.p. stake in the company. believes the possible outcomes issue would be in the best interest of both companies i would lead to further development of b. earlier on i spoke to an oil and gas from where they was capital having this. baby has been a great opportunity for minorities and this is a big step in russia decades that it was a world that a lot. getting growth as well as. you know with the north and toward. the cheap eleven dollars so you don't need to come. here it's now coming back to your question the future it seems to us that you know current status quo will likely make sense that the corporate structure does not look like

b.p.'s russian set up dale got more on that later this hour. will surely takes a turn for the better result join joins the bidding for the british firm's troubled role should we'll have details in business off the twenty boats. but first there are reports of a massive police operation in the mountains to gigas an artesian thomas can tell us more. well i mean this fighting is in a very remote eastern region of tajikistan and known as. shon and it borders afghanistan let me paint a picture for you of just exactly how dangerous this area is it is known as a base for terrorist group operations because of its proximity to afghanistan also known as the region for arms drug trafficking and tobacco trafficking as well now this particular fighting is targeted at one person governor and government officials are targeting one man tell me i back off who is a strong man who himself is a desert or from the border guard in the region his group is known for lots of illegal activity as well for trafficking

b.p. situation because it looks like the drama is coming to a head with writers oh my dear ross now at expressing interest in buying peace day it is eager to get the negotiations started not only for the business bulletin you are have more about having its time with details great stuff. egypt is allowing palestinians free entry to its territory in a landmark move and being part of a long time blockade on gaza it was imposed by israel with the help of egypt find years ago after hamas took control of the palestinian territory but of the president from the muslim brotherhood now leading a trip to the movies widely seen as a friendly gesture to hamas an offshoot of the brotherhood which operates independently middle east correspondent policy her small. cairo is allowing palestinians free entry into egypt effectively ending a five year blockade on the gaza strip what this means is that palestinians can now leave gaza with the same law applying to palestinians in the west bank and jerusalem this

wants to do right now last year t m k b.p. blocked the british company's deal with was left saying is violated shareholder agreement to exclusively represent b.p. in russia and that's all the latest from the business desk i'll be back in about fifteen minutes in the meantime you can always find a lost a lot more stories on our site that's r t the slosh this well thanks for that natasha quite surprised actually that b.p. has now come back and said that they don't want to go through with the north stream pipelines but you know yet again another glare in the business market i think about . nuclear energy is in focus in our interview shortly but first i'll bring you the headlines. there hasn't been anything yet on t.v. . it is to get the maximum for it it will in fact fall. before the source material is what helps keep journalism honest we thought. we wanted to present. something else. destry claims in the process is perfectly c. c c's says that brings nothing but clean power and comfort but the environment knows better and the in

rising but b.p. is taking back service still is closing coal mines in the united states has been opened in moscow this afternoon after yesterday's horror show in the last over four percent it's raining on spain again madrid's down another three percent it's finance minister holds crisis talks with germany today european currencies losing to the dollar once again this hour in fact the greenback multi-year highs to rivals and russia wants to link is european and siberian grid systems which of historically had set for a market move aimed to increase competition between power companies and lower consumer prices but analysts warn it's a huge project and will take significant time to achieve and europe today will have more. right daniel looking forward to that see event and up next a date with jobs as we meet one of music's leading lights after. sigrid laboratory to mccurry was able to build a new most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach music cre

b.p. on the same issue and they do have brought french right now here and he has been in the spotlight for quite some time there's a lot of speculation that there are rules in the joint ventures of management around which side has more influence it is a very attractive project and well definitely the russian shareholders are very keen on getting their hands on the b.b.c. shares the british energy giant and were also in the spotlight some time ago and i mean in january two thousand and eleven when they signed the deal aiming to jointly develop the arctic shelf that deal was basically brought today again by an hour for access and often claimed that it violated the initial t.m.v. b.p. agreement they didn't include them so that deal was basically cancelled by the stockholm court now it's estimated that b.p. shares in the g.n.p. b.p. joint venture is worth around twenty billion dollars but analysts say that this price could become much higher as the negotiations go on. rosena shares rising but

and they want caps and ten percent of b.p.'s stock in return a move that could potentially put an end to the on going home plate now the shareholders relations between b.p. and its russian partners called they all broke down last year b.p. tried to reach an alliance with the state run ross but the deal was brought by zero and all the fallout left the company without some operating boards and b.p. ended up with the stake up. at the start of. those in a worse situation in the meantime a sick out will see how stocks they decide they are indeed drop a mouse alter of course u.s. retail styles unexpectedly go. straight amount that we had on in the european markets and if we may it's been a pretty lackluster performance for european stocks especially when compared to last week when the euro stocks fifty completes its longest stretch of. three games in more than two years is alleged to have a common currency and see that is still to come lining us all stays in the recovery dollars on the ruble is still managing to gain to get the ball

it seems to us that you know b.p. and. sees russia as a very strategic and long time place also for russian government it is hard to imagine that they would want such be experienced major to leave for russia so we do things to be in the russian government would be would find some mutual interests. together. all right is going to the russian markets and see how they're performing in the initial stages of the day the r.t.s. that does just three basis points demises around two tenths of a cent in negative territory they did open up in the black in the positive but it's a change of fortunes already it's going to be a tricky day all right let's get on and talk about tax of boy this hour we're also going to get on to the exchange rates as well see how the group was getting on as you can see it is actually managing to get a gets a basket of currencies initially we got the u.s. dollar is up against both of them as the euro dollar is one twenty one twenty eight . i'm moving on we'll be able to see more markets we've got the europea

b.p. shares in the t.n.t. b.p. joint venture is now becoming bigger since russia's largest oil company of course has announced that it's looking at buying it in fact both of those the afghan b.b. have confirmed that they've signed this agreement marking the start of negotiations which are going to be kept confidential for the next few months with itself says that this doesn't guarantee anything since the russian shareholders off the end of course i mean. they're already in the process of negotiations with b.p. on the same issue and they do have. right now here he has been in the spotlight for quite some time there's a lot of speculation that there are. in the joint ventures management around which side has more influence it is a very attractive project and well definitely the russian shareholders are very keen on getting their hands on the b.b.c. shares the british energy giant and were also in the spotlight some time ago and i mean in january two thousand and eleven when they signed the d

let's cross over to you at the business desk in a touch it is maddening it isn't sure that b.p. no longer wants to join old stream that well that's certainly true according to all the media reports but all the details in just a couple of minutes first so let's check out the equity markets and of russia first it's doing quite well as you can see both the mindsets and the r.t.s. are gaining and actually will rush to let's check out the equity markets here they are. and as i said over and russia both of my six on the r.t.s. see quite robust gains in fact that my sense is trading above the psychologically important a level of fourteen hundred points and of course it's trading in the opposite direction of the crude market which is not usual let's check out the oil market to see what's going on there and we're seeing it in the red all day long and fact at the moment the w t i's trading below eighty four dollars a barrel and some of the biggest movers on the my six today include in the financials as burbank doing quite well gaining one and a quarter percent is shedding value and that's

dale joins us now with the business senate seems like relations between b.p. and its a lucrative russian arm are getting worse yes the british firm hasn't even sold its stake yet but b.p. has already replaced it in talks to extend the joy of north stream pipeline but only goes problem has dumped b.p. and is now in negotiations with t a k p p for it to join the world's biggest underwater gas route b.p. put its fifty percent stake up for sale last month blaming a breakdown in relations with its russian partners check the markets the euro is trading flat against the greenback of this hour on thursday the ruble was weaker against the dollar but stronger against european currency here in moscow the session will kick off in less than two hours time the russian markets followed most of europe yesterday to end on a negative note this point you saying actions on iran going into effect this month and one a tree easing crude prices are falling there's also a bearish impact on the supply side with saudi arabia reportedly raising production to compensate asian stocks of fa

and its russian partners called all that broke down last year b.p. tried to reach an alliance with the state run rural sniffed but the deal was bought by oh another fallout left the company without an operating board and b.p. ends up putting its say oh. and did the situation the my we're going to check out the u.s. markets and see how wall street is getting on in the first part of that trading day already dropping was also a report that showed us retail sales unexpectedly dropped for a third straight month the european markets as well as a lackluster performance for them today as bush would have with last week when we saw the euro stocks fifty complete its longest stretch of weekly gains in more than a few years a quite a contrast and all of the current says will see that the common currency. it's actually a fraction and i'll just have society on the brutal that's how it finished up today's with a stronger against the us dollar on the right on the russian exit markets have also now we can see that there are more as he gains on the markets today and o

b.p. drama is reaching its finale as we hear that the state run oil giant wants its until to be paid by the state full details in about ten minutes time and all business that lets them. egypt is allowing palestinians free entry to its territory in a landmark move and in part of a long time blockade on gaza it was imposed by israel with the help of egypt five years ago after hamas took control of the palestinian territory but with a president from the muslim brotherhood now leading egypt the movies widely seen as a friendly gesture to hamas an offshoot of the brotherhood which operates independently or mideast correspondent polis lir has more. cairo is allowing palestinians a free entry into egypt effectively ending a five year blockade on the gaza strip what this means is that palestinians cannot leave gaza with the same applying to palestinians in the west bank and jerusalem this unprecedented move effectively lifts travel restrictions that have been imposed on gazans for the past five ye

b.p. insists the move should be done through its russian joint venture and that's something b.p. doesn't want to do last year to block the british company's deal with rosneft saying it violated it sure has. greenman to exclusively represent b.p. in russia and now that naturally brings us to crude and crude is shedding value this monday morning following a major rally on friday in fact it was the biggest daily gain for crude in about three years and at the moment as you can see that over u.t.i. is trading bull zero eighty four dollars a barrel and back to the equity markets asia and did out closing in the positive territory this monday morning mainly on optimism about the outcome of the european summit a last week the e.u. leaders agreed to directly inject cash into troubled banks and also to create a single body that would monitor the euro zone banks essentially we're talking about the much anticipated european banking union now that's the background but speaking of the asian markets as you can see the nikkei closed want to positive and it was mainly driven by x orders on all tha

and its russian partners called i saw broke down last year now b.p. try to reach an alliance with the state run rough staffed by the deal was brought by oh another four left the company without an operating board and b.p. ends up putting its stake officer at the end of. so what's the situation now let's get up to wall street and see how the markets are performing in the first half of their trading day still dropping as we can see just a lot of size because there was a report that came out that showed that u.s. retail sales unexpectedly dropped for third straight month that's really dampening the momentum as the european stocks and develop close to performance all round really today especially when you consider that we're coming off the back of last week's euro stock fifth day when they completed the longest stretch of weekly gains in more than two years since these in a little bit of buy on to the common currency there we can see it's gaining a fraction one twenty to sixty for the traders favorite part of the ruble ended up the session stronger agains

and its russian partners called i know you broke down last year b.p. troy's to reach an alliance with the state run ross yes but the deal was brought by oh another fallout left the company without operating boards of b.p. ended up putting a stake out for the sale at the start of the what you know is anticipation and they said that right now is have a look at the european markets and see how they're getting on i would have pretty much a lackluster performance really for the european stock markets today especially when you compare last week when we saw the euro stop fifty completing its longest stretch of weekly gains in more than two years but right now as you can see what if it's in the dark just dipping their toes into red territory as to the exchange rates and if we can have a look at the common currency receive all of this staging a recovery last week there's now real concern that the extent of the private sector involvement in spanish is now weighing down the year there's. and so revelations come out today as you can see we've got a ruble now. and

i initially broke down last year b.p. try to reach an alliance with the state run routes that but that deal was brought by all of the fallout left the company without an operating board so b.p. ended up putting its stake out for sale at the start of the situation to my rosie to have it but we're following at the moment so it is going to wall street see how the. right now they did have a really disappointing a figure that came out today it was retail sales and that's really kind of set the tone i suppose and really for resale sellers it was the drop in a row is just three straight months of the crimes for shops are really feeling the pressure to get out to europe as well we see that we had a frappe performance for both the footsie and the does not was a disappointment because last way we have the euro stopped fifty completing his longest stretch of weekly gave him old in two years of us coming off the highs and if we get into the common currency as well we'll be able to see is actually getting and that's as investors reall

and its russian partners who i r broke down last year b.p. tried to reach an alliance with the state run. but the deal was brought by another four left the company without an operating board and b.p. ended up. stake of the cell at the start of the folding as we speak right now i want to get to the marchese how wall street is performing this hour we can see we still got to cause a lot of eyes because we had us. on explicitly dropped and that was for a straight man says adding a bit of pressure on the european markets so that now close to see how the fruits of the dust go to a pretty look lackluster performance really i've got to say i mean look there is pretty flat to around we didn't see much movement a tool to be fair that's a disappointment considering last week we have the euro stopped fifty from basically its longest stretch of weekly gains in more than two years just by dollar little bit if you look at the common currency that the euro will see that it's had a bit of a choppy session but it's going to give us that you now want twenty two

music greenman between b.p. and if they are going for strong is not bubbling is not transparent that is why we see a lot of discussions between two companies for example if i sink in that it's impossible to sell fifty percent then got to be. possible but b.p. is thinking that it is possible to sell fifty percent to other companies but not. the same story it is about this agreement. secondly what's going on on the global stock markets jones is down a third of a percent because of manufacturing stats coming in on the line in the in the month of june and that has not happened since july two thousand and nine indicating basically that a recession is now more likely in the largest economy in the world nasdaq is slightly in positive territory in europe the hype continues from last week as the e.u. summit turned more productive than it was expected so we're seeing for the other acts gaining more than one percent and a quarter with barclays in the leaders and chairman steps down up to be on live incident now also chines

russian partners i broke down last year b.p. tried to reach an alliance with the state run but the deal was blocked by another fall out left the company without an operating board and b.p. ended up putting its stake out for the end of the drama continues let's get over to wall street and say the stalls are still the klein as they enter the second part of the trading day now really the biggest report that came out today was u.s. retail sales all they felt press for the straight month and that's really taking its toll as to the european stocks they are close now but it was a lackluster before words today we're going to have a look there is a mixed performance really. pretty much we've got the c. seven bases poised on the dow thirty seven have a couple common currency the example a lot of people are watching at the moment is the most traded currency in the world and we can see one twenty to eighty four hours is managing to get is the change of fortunes are in this as for the ruble that managed to gain against the u.s. dollar this s

b.p. wants its russia joint venture t.n.t. b.p. to pay up to one billion dollars in dividends the idea surface that the first board meeting in more than six months the meeting in february and may did not have the warm so they left the shareholders with no regular payments the proposed dividends would now b.p. five hundred million dollar. hours. soybean and corn futures and the last weekend of record highs all because of that drought in the united states that really devastated the crops the organization for economic development says higher food prices are here to stay regardless of the weather in fact you get expect to pay twenty percent more for your average meal over the next decade economists say boosting productivity is the only solution artie's homework has been figuring out how to achieve this. we're talking about the future of food so what precisely have i decided to come to a chicken farm if you want an insight into the future of food in the coming decades you could do a lot worse a

gave b.p. to pay one billion dollars in dividends the ideas surface that the first board meeting in more than six months meetings of february and may did not have the warm so the shareholders left without the payments the proposed dividends would net b.p. five hundred million dollars and on to other news soybean and corn futures trading near record highs as the drought in the united states is really devastating the crops the organization of economic development says high food prices are here to stay in fact in about a decade you can expect to pay about twenty percent more for your average meal economists say a boosting global food output is pretty much impossible so instead they call for increased production artie's tom has been figuring out how to achieve this. we're talking about the future of food so one. precisely how i decided to come to a chicken farm well if you want an insight into the future of food in the coming decade you could do a lot worse than come to a place like this the o.e.c.

b.p. wants a russian joint venture t.n.t. b.p. to pay one billion dollars in dividends the ideas surface that the first board meeting in more than six months a successful meeting i should asked. meeting in february and may did not have the quorum so they left the shareholders without regular payments the proposed dividends would net b.p. five hundred million dollars and soybean and corn futures and the last week at record highs as the drought in the united states really devastated the crop the organization for economic development says high food prices are here to stay in fact you can expect to pay twenty percent more for your average meal over the next decade khana say boosting global food output will be pretty hard so their base basically calling for an increased productivity artie's tom has been figuring out how to achieve this. we're talking about the future of food so one precisely how i decided to come to a chicken farm if you want an insight into the future of food in the coming dec

b.p. now if this is a fifty fifty joint venture with b.p. and its russian shareholders could significantly increase their stake in the oil for the russian billionaires alfre access or an over group or they say they will officially offer to buy half of b.p.'s stake or twenty five percent gaining control now if their offer goes through they will get of course seventy five percent the shareholders have been a long dispute over investment projects in russia namely arctic exploration and the north north stream gas pipeline on the currencies markets the euro is indeed dropping one hundred ten points versus the dollar this is because of course sovereign debt problems over in spain and also the fact that markets are correcting right now so investors are moving out into cash and that is less common the greenback the russian ruble in line with the global trend of around one percent versus the dollar and around a quarter of a percentage point versus the year. now it's not only spain which might be asking for bailouts levine years says and the e.u. bail

b.p. may significantly increase their stake in the british joint venture a fifty fifty entity with b.p. now the russian billionaires all for access written over a group or a says that it will officially offer to buy a house of b.p.'s stake or twenty five percent and thus gaining control over the company and this offer will be will be done within the next two weeks the shareholders have been in a long dispute over investment projects in russia namely arctic exploration the north stream gas pipeline. and on the russian market what we're seeing right now is a negative picture of the r t s m i six declining one percent but that's after several sessions of consecutive growth so we're seeing this to such a long correction already but if we take a look at the main movers on the my six you'll see that pretty much one of the only companies which is gaining this point seven percent so investors are really welcoming this is a move v.t. b. and burbank and financials are hit the worst this hour down mo

insists the move should be done through its russian joint venture and that's not something that b.p. wants to do right now last year to block the british company's deal with last nafta saying it violated its shareholder agreement to exclusively represent beef tea in russia and back to the equity markets wall street will open in a few hours and it did quite well on friday in fact and then asked that posted its biggest daily percentage gain since december and overall the dow finished five point zero four percent gains in the first half of the year while the nasdaq posted a gain of almost thirteen percent which is not bad considering all the turmoil and wall all this good news coming out of europe late last week helped the equity market it's certainly not helping the european currency certainly not this monday afternoon the euro is under pressure it's losing value against the u.s. dollar and the russian ruble is shedding against both the euro and the dollar and that's all the latest from the business desk i'll be back in about fifteen minutes but you can catch all the latest. business a

now dimitri's next with the business news and in the spotlight today b.p. changing its mind about teaming up with gazprom that's right it's a base or given up the idea of joining gazprom in extending nord stream the russian gas pipeline to europe to great britain basically last week gazprom said that the british company was interested in joining this project but the russian shareholders in k b p and says that the move should be done through its russian investment vehicle now that's obviously something that b.p. does not want to do and consented siminoff the head of the national energy security fund explains the complexity of the situation. music remained between b. b. and they are going to close on these not bubbly is not transparent that is why we see a lot of discussions between two companies what example. that it's impossible to sell fifty percent then got to be other possible partner b.p. is thinking that it is possible to sell fifty percent to other company but not. the same story it is a vile disagreement. take a look at what's going on global markets

in return a move that will put an end to a bitter conflict in our shareholder relationships between b.p. and its russian partners called broke down last year and i've been trying to reach a strategic alliance with the state but the deal was brought by all the full out left the company without a board quorum of b.p. put it up for sale at the start of. the situation at the moment i move it on russia has set vicious goal of significantly improving its business climate now the world bank currently rates russia as number one hundred twenty in terms of its conditions for doing business is got singapore hong kong new zealand and the united states in the top four now president person has said that russia should do whatever it takes to make it into the top twenty within its six. investment consultants raisins cup so they came out with a step by step plan for each even this go and that after she explains. luckily russia doesn't need to apply superhuman efforts to attract investors based on the analysis if it continues reforming areas that the world bank focuses on and surveyed the results should

russia spill six b.p. disasters a year from it says one report that's more than any other country even volatile nigeria the african superpowers just point show for its biggest. two years after the world's longest of chill disaster b.p. is nearing a deal to settle all outstanding claims but fishermen affected say it's impossible to count how much and how long their lawyer will continue to be hit fish of the coast of louisiana being born with disease and missing movements in the gulf six times more dolphins than usual still. this week is the second anniversary of the costliest on shore oil spill in u.s. history protesters shouted the color of the eight hundred thousand gallons of crude oil spilled into the river people will no longer put up with the damage to their health from polluted learned and water but with ever more desperate to put full in stocks of crude it seems the conflict will only get worse then you will show. that in a second look at oil prices back up and we have lies in trading just under nin

will reverse is the surgeon to leave the consortium slightly confusing the lot of b.p.'s and. let's move on and take a look at us. because they just opened that assertion and we can see little games for both the dow and the last like investors are really has to make any big moves out after today's surge on the market and also head over to the over the sun coming up in the of this week as well now if we continue on to luxury goods as was mentioned earlier shares in this industry are the fall in the financial turmoil around the world and of course we sent our very own kitty pilgrim to find out why that is. the global financial crisis is not a topic people shopping around this part of town particularly worried about i'm here in moscow on one of the most exclusive stories i'm talking fabulous people designer labels and of course found as well and this is the exact market savvy investors tapping into right now trying to make false cash out of people that love to spend it all a perfect example of this in recent years would be michael cools is a high end fashion house they've been pr

dropping four percent providing for a lot of the pressure the downward pressure on the index gave b.p. russia's furred largest oil company was up point three percent now it's a russian share holders of. they could significantly increase their stake in the oil which is a fifty fifty joint venture with b.p. now the russian billionaires out for access were nova group or are they say they will officially offer to buy half of b.p.'s stake or twenty five percent gaining control in the company they will have seventy five percent if they proceed with the deal shareholders have been a long dispute over investment projects in russia namely an arctic exploration now on the currencies markets the euro is weakening very much against the dollar dropping a hundred thirteen points down below one point two three versus the greenback that's because of the selling pressure around the globe so investors really cashing out notes begin to the greenback and also in these worries about the european economy and the rate rate card was not providing any in any support to the euro while the russian ruble dropped

and b.p. finally looks set to close the lid on its oil disaster in the gulf of mexico of course we know that is not close to finalizing a seventy billion dollars deal with the us authorities to close all civil and criminal claims spots as it is than a bushel now explains in my be not that easy to draw a line under such natural disasters. this is turning into a huge costly concern for the industry scientists here at the institute of oil are trying to find a way to contain what's become an ecological and publicist. russia spill six b.p. disasters a year from it says one report that's more than any other country even volatile nigeria the african superpowers just fine show for its biggest in a decade two years after the world's largest offshore disaster b.p. is nearing a deal to settle all outstanding claims but fishermen affected say it's impossible to count how much and how long their lawyer will continue to be hit fish of the coast of louisiana being born with diseased wounds and missing organs

russia spill six b.p. disasters a year from it says one report that's more than any other country even volatile nigeria the african superpowers just point show for its biggest. two years of the world's largest of show b.p. is nearing a deal to settle all outstanding claims but fishermen affected say it's impossible to count how much and how long it will continue to be hit fish of the coast of louisiana being born with disease and missing in the gulf six times more dolphins than usual still. this week is the second anniversary of the costliest on shore oil spill in u.s. history protesters shouted the color of the eight hundred thousand gallons of crude spilled into the river people no longer put up with the help from polluted learned water but with ever more. filling stocks of crude is the of the conflict will only get worse then you will show. well it's likely that the markets will continue with oil and natural let's see what the figures are saying prices are going back up as you can see lights are trading

two years after the world's largest offshore disaster b.p. is nearing a deal to settle all outstanding claims but fishermen affected say it's impossible to count how much and how long their lawyer will continue to be hit fish of the coast of louisiana being born with disease and missing movements in the gulf six times more dolphins than usual still. this week is the second anniversary of the costliest on shore oil spill in u.s. history protesters shouted the color of the eight hundred thousand gallons of crude oil spilled into the river people so they'll no longer put up with the damage to their health from polluted learned and water but with oil titans ever more desperate to part pulling stocks of crude it seems the conflict will only get worse than your bushel r.t. . and our favorite story of the day i'm talking about the salary of fabio capello who will reportedly get five a mailing and euros a year for side and two year contract to become the coach of russia's national football team and he hopes that he will turn that of course into one o

b.p. which looks finally said to seal the lid on of course the oil spill in the gulf of mexico it's now in the final stages on the goetia asians on the seven billion dollar deal with the u.s. authorities to of course the claims that have to do with civil and criminal suits there but as artie's daniel bushell now looks into it he sees that it's quite difficult to draw a line under such disasters. this is turning into a huge costly concern for the industry scientists here at the institute of oil are trying to find a way to contain what's become an ecological and publicist nightmare russia spill six b.p. disasters a year from its pipes as one report that's more than any other country even volatile nigeria the african superpowers just fine show for its biggest in a decade two years after the world's largest offshore disaster b.p. is nearing a deal to settle all outstanding claims but fishermen affected say it's impossible to count how much and how long their lawyer will continue to be hit fish

b.p. has given up on the idea of joining the nord stream russia's subs to europe last week gals from said the british companies interested in extending that old stream pipeline to britain but commerce on daily reports the russian shareholders of t.m.p. b.p. insist the move should be done through the russian joint venture and that's not something that he wants to do at the moment last year blocked the british companies deal with rosneft saying it violated a shareholder agreement to exclusively represent b.p. and russia. and that's all we have for you from the business desk this hour i'll be back in about fifteen minutes see them all right we look forward to it. with a recap of the headlines after a short break. well for the finance technology innovation all these developments from around russia we've got the few jerks covered. it's. history claims the process is perfectly. safe seems say that brings nothing but. the environment knows better and the industry isn't telling the whole story. th

insist the move should be done through its russian joint venture that's something b.p. does not want to do last year to block the british company's deal with rosneft saying it violated the shareholder agreement to exclusively represent russia. and what i was saying good news from europe i meant the use of of course not the. north stream are not maybe tying up as well while it's not at all good for my side i mean besides the be peeping but you know we'll catch up with you a little bit later there dimitri thanks so much. right coming up shortly as the united states continues with drone strikes we'll look at how effective all the weapon is and i'll be back with catch up of the headlines in just a few seconds stay with us. there hasn't been anything yet on t.v. . it is to get the maximum political impact. before the source material is what helps keep journalism honest we thought. we wanted to present. something else. destry claims in the process is perfectly sweet. sweet jesus christ's that brings nothing but clean power and comfort but the environment knows better and the

insist the move should be done through its russian joined them and that something b.p. doesn't want to do last year t. had to be people walked the british companies deal with what's next saying it violated a cheerful new agreement to exclusively represent b.p. in russia and on the wall street on friday we also saw a very good day very robust gains in fact then asked that boosted its biggest daily percentage gains since a las december of course the european news were the main driver overall the dow ended up gaining five point four percent for the first half of the year while the nasdaq posted gains of around thirteen percent that's not bad considering all the turmoil and that's not enough though to support the currency market all of the good news coming from europe at the moment the euro is shedding value against the u.s. dollar and of the russian ruble in the second hour of trading trading mixed to the currency basket it's losing value to the dollar and gaining to the european currency and that's the latest from the business desk all the news that are to dot com and i'l

this agreement between b.p. and it hearkens also means not bob is not transparent that is why we see a lot of discussions between two companies for example. i sink and that is impossible to sell thanks to the sound then got the feel of the possible bottom up b.p. is thinking that it is possible to sail through to the sound of the company but not . the same story it is a vile disagreement. as i said in the united states we've had a batch of negative macro economic data and that's on manufacturing that has contracted in the month of june something we have not seen since mid two thousand and nine and therefore the dow jones is pressured moderately down point four percent nasdaq however those of territories are really still seeing the continuation of that rally from last week on the e.u. summit second to what's going on in europe and the markets they're up more than one percent one percent in the quarter actually that's as basically. after that e.u. summit the process of gaining access to bailout money now does not

out of town with foreign aid year as a profit for the first half of the year they called and to pay b.p. they that was one of the loses in the session. eight tenths of a percent just now they were in trouble today they were in court and russian arbitration courts they ordered b.p. to pay over three billion dollars of compensation seem kavi third of what was required for a minority shareholder of the russian a british venture to fall the lawsuit he claimed the joint suffered losses because of b.p.'s felt they were rushed next which by the way was brought by russian shareholders of taping he lost the story. to the takes we can't not talk about it calmly now british prime minister david cameron these are you saying that the games will help the u.k. get back on track but somebody looking back in history they almost always leave the host country with financial troubles now greece spent billions to make two thousand and four games a success but now is economy is collapsing now one positive thing though about the olympics is that it does increase foreign trade by an average of three percent i'

now b.p. moved closer to getting out of it so troublesome russian joint venture have been reporting on that all evening daniel's got the latest for you for not calling already is in the business. the british firm confirm starting talks with rosneft it was to buy a stake in. a moment dispute has made b.p.'s position it is difficult all to your piskun north has more. the mystery around who's going to get these shares in the t.n.t. joint venture is now become bigger since russia's largest oil company of course has announced that it's looking at buying it in fact both of us the afghan b b have confirmed that they've signed this agreement marking the start of negotiations which are going to be kept confidential for the next few months with the mostly after itself says that this doesn't guarantee anything since the russian shareholders off the end gave e.p.a. and of course i mean. they're already in the process of negotiations with b.p. on the same issue and they do have brass rancho right now here

i think in that it's impossible to sell fifty percent in ten can't be other possible partner b.p. is thinking that it is possible to sell fifty percent to other companies but not. the same story it is about this agreement. now on the u.s. markets we're seeing a decline on the dow jones of around one third of a percent this is on the back of manufacturing coming in with a contraction in the month of june of that something which has happened in the last three years and that's worrying basically increasing the risk of a recession in the united states nasdaq is feeling better about over on the european markets we are also seeing the continued high from last week for the folks in the dax gaining more than one percent and barclays in the lead in london after its chairman stepped down holding this alive. and in the currencies markets will look at it in the just a second chinese banks still have become the most profitable lenders last year that's according to the bank a magazine magazine says the chinese lend accounted for almost a third of the total profit in two thousand and eleven and

and b.p. is that close to finalizing a seven billion dollars deal with us of. its civil and criminal claims and of course that's over the oil spill in the gulf of mexico but as artie's that no bushel now reports it may be a hard to draw a line under such disasters. this is turning into a huge costly concern for the industry scientists here at the institute of oil are trying to find a way to contain what's become an ecological and publicist the nightmare russia spill six b.p. disasters a year from its pipes there's one report that's more than any other country even volatile nigeria the african superpowers just fine show for its biggest cade two years after the world's largest offshore disaster b.p. is nearing a deal to settle all outstanding claims but fishermen affected say it's impossible to count how much and how long their lawyer will continue to be hit fish off the coast of louisiana are being born with diseased wounds and missing movements in the gulf six times more dolphins than usual still die this week is the second anniversary of the costliest on shore

by b.p.? it was sponsored by b.p. because of the deepwater horizon and the damage that that did. and, you know, this bill is just another attempt at giving big oil a handout. putting oil companies and their profits above both the american taxpayers and american treasurers. now, my district -- treasures. now, my district includes the south shore massachusetts, the islands of martha's vineyard and the south coast. we're a maritime community. one that respects the ocean, and one that has prospered from its resources. this bill would threaten our shores, our marine life and the industries that rely upon them by opening up the waters of the east coast from maine to south carolina for quote-unquote required oil and gas leases. i ask my colleagues, is this necessary? why put hundreds of miles of ocean waters and the livelihoods of our fishing and tourism industries at risk when our nation's oil imports are already down to their lowest level in nearly two decades and production is up? now, in the spir

warm so they left the shareholders with no regular dividend payments the proposed dividends would net b.p. itself five hundred million dollars and on to other stories soybean and corn futures ended last week of record highs as the drought in the united states really devastated the. crops the organization of economic development says high food prices are here just stay in fact you can expect to pay twenty percent more for your average meal over the next decade hard to say boosting product to vittie is the only solution artie's town has all the details. we're talking about the future of food so why precisely have i decided to come to a chicken farm well if you want an insight into the future of food in the coming decade you could do a lot worse than come to a place like this the o.e.c.d. and the food and agriculture organization have published an outlook of the future of the world food market in the next ten years the main themes of that report supply and demand sounds boring but both of those undergo major changes first of all demand the world's population is still increasing combine that

when the about the four russian billionaires who all in one half of the venture have voted against b.p.'s a billion dollar dividend their representative said quote while government remains strained a payment now is. this comes over of course the russian co-owners will sell their stake in the company to roles that in which case b.p. will reverses this isn't some leave the consortium. now moving on with the markets us straight on right now and what we're seeing on wall street it started off well mild gains then the one plant and now it's slipped into negative territory and that's because investors are higher than in making big moves ahead of the central banks later on this week and i want to talk about luxury brands because shares in this industry are growing and that's despite the financial turmoil that we see in the around the world of course so we sent our very own kitty pilgrim to find out why. the global financial crisis is not a topic people shopping around this part of town are particularly worried about i'm here in moscow on one of the most exclusive stories i'm talking fabulous

b.p. as well two tenths of a percent managing to gain following news is in talks with b.p. over changing the partnership structure as well just a tenth of a percent down after raising to bring your individual funds in europe so that's how the markets are today that was the business use bill we'll be back in the eight that's more in a culture of us more yes she'll be here. good to see you know if we know or shortly will be ruffling the feathers of the one percent before the bring the headlines. all. wealthy british style. is not on the title of. markets why not come to. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into cars a report on our. more news today violence has once again flared up. these are the images the world has been seeing from the streets of canada. china corporations are all today. download the official anti up location on the phone only pulled touch from the queues our. lunch on t.v. life on the go. video on demand on t.v.'s mine comes and says feed now in the palm

which is half of the song he has now shareholder relations between b.p. and its russian partners are broke down last year. the peace treaty took alliance with a state run the rolls that violated the shareholders agreement. also russia's a law business lobby i should say is pushing the idea of raise in the end. to fifteen percent in. the words themselves are agreeing to this and won that race in years now in more details about this we know that early russia has a flat income tax rate of thirteen percent and as you can see there from the graph it's lower than in most developed and even emerging markets the bill to hike taxes may look even more alluring as russia's cabinet needs cash to fulfil an election pledges but some barton has come up with people you see. to discuss the issue let's have a listen what she had to say. so just start off with we'll talk about this proposed tax change it's only two percent thirteen to fifteen percent is it going to make any difference to the budget it will not make a huge difference because russian budget system personal in