while russia is known makers arranged seats in the reshuffle an unauthorized opposition march in reaction to sunday's parliamentary election gets a police response. a final leg on the road to ruin the entire eurozone credit ratings are on the blog as leaders make a beeline to brussels for a last ditch attempt to salvage the currency. cutting back ties with qatar russia responds after its envoys beaten by security forces in denmark currently off the kremlin criticism of its u.s. stance on the arab spring revolutions.

grow costing life in the heart of the russian capital you're watching r.t. a very warm welcome to you with the final results of russia's parliamentary election still geve the overall picture of a brand new board of lawmakers is already clear the united russia party has secured the lead but the ruling group has seen a significant drop in popularity. over reports. with almost one hundred percent of the votes counted the party has garnered just under fifty percent of the vote the communists came in second or third place by russia with liberal democrats on the board police the three other parties failed to get the required week per cent of the vote needed to get seats in the duma now though not yet final but the results indicate that the party which has crushingly dominated

the country's politics for years now is on track to lose its two thirds majority in the duma welcome comparison in the two thousand and seven elections united russia got sixty four percent of the vote and now it failed to get the constitutional majority and also it didn't get that all important fifty percent mark which is of the so-called psychological barrier to say the top of the country is on the side with you that means that the ruling party will have to learn to find compromises with other political forces in the country and maybe pull my polish in with that and not the policy or even parties and united russia still bra's have already said that they're willing to form coalitions in this student you know on monday evening in mosco several thousand protesters took to the streets and beyond to that frustration with the duma vote police say that between seven hundred to two thousand people took part in the rally and unlike other rallies of this kind it was

sanctioned by the authorities protesters chanted we need new elections russia without revolution shame police did not interfere in the rally but when hundreds of protesters want along with the rally throughout the city add attempted to disrupt traffic they faced police cordons it resulted in hundreds of arrests a similar situation wasn't sent bit as well many of those protesting rallied in favor of that opposition party while others suppose the election as a whole. also in mosco on monday that was pro-u. not to rush a rally organized by the party's supporters and that really want a long smoky without incidence all meanwhile several international observers who watched the election process claimed that there had been violations of boxing the values of the vote while others say that those violations were insignificant and that the vote in general was transparent and objective presentation inventive said

that any accusations of electoral fraud would be investigated by russian law enforcement and but those found guilty of any infringements would be prosecuted to the fullest extent of the car later the salties a business bulletin expose what effect the new do they have on russia's economy. and about twenty minutes the privatization of state owned companies is likely to be on the new parliament's agenda find out why being a minority shareholder in these companies really pays. but also helping you keep track of the developments in russia's parliamentary election lotto website autum dot com there you can find the latest facts figures out in the us this. is you.

know you believe. your time is almost up so says one of the big three credit rating agencies as it prepares for a mass eurozone debt downgrade standard and poor's announcement shook international markets investors cutting running on european holdings especially worrying for them this time is that even. germany is seen as the unions back but it isn't being spread agency justified its decision by pointing out the blocks consistent failure to stem its debts even as nations saw their bond interest rates rocket below is not yet lost new leaders gathering in brussels on thursday what's expected to be their last chance to come up with a definitive solution ortiz has this report. the years on crisis has

been good fodder for cartoonists but it's no laughing matter for measure rescue packages numerous and popular sturdy measures two years and hundreds of billions of euros in bailouts later it's still in need of a shot for that elusive big bazooka solution hopes are high that december ninth e.u. summit will finally be a decisive day for the euro's future german chancellor angela merkel is pushing for a treaty change with a fiscal union as the end goal she wants brussels to have veto powers over national budget plans that breach e.u. limits automatic sanctions for debt violators a date court for repeat offenders. in a word merkel wants to impose discipline french president nicolas sarkozy is generally on the same page but is resisting giving more powers to brussels whoever pays the piper gets to call the june germany pace we've all of you in the euro zone

want to keep the single card safe you must be prepared for that you must be prepared for giving up your fiscal sovereignty perhaps maybe you can even save some public money by this holding your national finance ministries but this german m.e.p. begs to differ but what is the sovereignty for germany at the moment paying billions and billions of risk there's no sovereignty we are forced to do this because the euro is a reality so basically regaining sovereignty by sharing it on the european level is what the whole operation is about. while germany may be for greater fiscal integration it's dead set against the euro bond idea or euro countries sharing debt and idea pushed by the european commission albeit renaming it stability bonds in effect italy's debt interest rates for example would go down from its worrying six to seven percent level while germany's would go up merkel's response. it's a resounding no germany won't let the deficit sinners off the hook by taking on

their debt if sarkozy ever got his way he'd like the european central bank to act as a lender of last resort but again merkel said no she won't let the e.c.b. swoop in to save the day at least not until countries learn to keep their finances in check but it's widely seen that the e.c.b. will have to expand its role one way or another and is already considering it and what of other e.u. members who don't use the euro the idea of a two tier europe or the euro zone and the rest doesn't sit well with a major economy like the u.k. . actually the euro is successful because a lot of our trade depends on it but on the other hand to us if there's a group a central group which are in the euro the group which is not who makes up the rules which control the single market it appears that any plan agreed upon will have to have germany's backing merkel dismissed the idea of germany dominating europe as absurd although that's how it's increasingly been perceived for better or for worse

. r.t. brussels. but from the onset of the euro crisis discussions have been rife about who's to blame for the reckless borrowing that started it all from populist leaders to the profit addicted banks if you have a scope to having the finger pointed at them but a british u.m.p. called free blum believes the responsibility lies squarely with france in germany. the first people to break the rules i think was in two thousand and three with the french and the germans by breaking the maastricht treaty sixty percent of g.d.p. rule so they've been breaking the rules everybody's be breaking the rules they continue to break the rules so the whole thing is a complete shambles and they're trying to strap sell a tape all over it but it's not working the thing is we are now what we're seeing the end game it's over. if the euro had been a holes they would have shot it under professional economist i've been thirty five years of professional economists this isn't about politics this is

a bit about economics and i've never known in the history of the world politics beat economics water doesn't flow uphill last long and short of it forget my politics it doesn't really matter the long and short of it is this project is doomed to failure it was always tuned to failure and moreover i would have the people responsible i would have them arraigned i would have a fiscal crimes tribunals i would like to see some of these people sent to prison. for various moves to attempt seeing europe to harmonize its finances ascent market some of the locals to ride but some international investors are making record profits from the chaos the ethics of that time discussions into these kinds reports ten thirty g.m.t. . plank breaks the law they change the law if the government is failing to do what they were elected to do they change the definition of what it is they're supposed to be doing or they change the statistics that they are reporting to somehow reflect them in a better light because this is how in fact they make money they probe the globe's

financial orifices and they root out all the detritus that they find there as collateral for five hundred trillion dollars worth of anus collateralized j.p. morgan spanked or bonds which are the basis for jamie diamond's christmas bonus.

download the official anti application to your ipod touch from the. video on demand tease my old girls and feed now in the palm of your. dot com. crusher is scaling back its relations with qatar following an attack on its envoy in doha the assault is being linked to moscow's criticism against qatar's u.s. backed position on the unrest in syria is going to take on reports with washington's weight behind it that off eels it can get away with almost anything. a small country with gigantic ambitions qatar with a population of less than two million people embarks on an aggressive plan to shape

the air war old playing tune with washington's policies in the region could target gain diplomatic weight it never had before they could tyreese feel as if they've got enormous backing and that they've become sort of larger than life as a factor in the politics of the region they're currently the chairman of the arab league and they've used that position to press for the most aggressive kind of action against syria could target became the first gulf nation to close its embassy in syria in july qatar is also reportedly funneling syrian rebels with weapons as it did in libya. the country's cheerleading rolling revolutions in the middle east and north africa has earned qatar cheers and applause in the west coast or is not only supportive diplomatically but it's also support of military. for the

partnership between our two countries is a model everyone's beginning to notice the u.s. went from once branding the qatar funded al-jazeera a terrorist channel to openly praising al-jazeera al-jazeera has played a key and leading role but qatar has come under increasing criticism from russia for its aggressive involvement in the affairs of other countries in the region last week a daughter airport the washing ambassador to qatar with two other russian embassy officials were physically assaulted by qatari customs and security officers when they made an attempt to confiscate the russian's diplomatic back because of the incident moscow has downgraded formal relations with qatar they get a sense that anything that they do to really stick a finger. in the eye of russia or any of the other bric countries will be applauded in certain circles in the west in reward so yeah i think it's all of it's all about

that sense that you know they're in the front and russia is not for when you around this syria issue these sit in took place on the same day as russia's foreign ministry criticized qatar for supplying weapons to libyan rebels in violation of a u.n. arms embargo the u.s. which has a military base in the country has qatar's backing for its ventures in the region with syria now in play washington is betting high on doha qatar has been put forward as the arab face on this bullying operation tiny qatar empowered by the u.s. is now playing big striving to shape the turbulent region in its favor the incident at the airport with russian diplomats shows what happens when someone gets in their way i'm going to check our reporting from washington our team. well meanwhile makers in washington are calling for

a review of relations with another pakistan they accuse islam about of supporting terrorist organizations it's freezing corporation that was triggered by a deadly nato attack on pakistan's border foreign policy on this one of them thinks america is planning to leave pakistan by the wayside. i think what's happened is that the united states has made some decisions about its strategy in the region both in central asia and in the south in south asia that essentially is going to cut pakistan out of the formula and i don't think united states cure is very much what's going to happen after withdraws its troops in two thousand and fourteen and i think they would rather not do withdraw their troops which is the nub of the problem because just on november second russia china iran and pakistan had a meeting in istanbul which they all agree that they would pressure the united

states not to leave troops in afghanistan and i find it very difficult to imagine if this fallout in relations between pakistan and the united states is not somehow try to that position another area of u.s. interest is also facing increasing diplomatic isolation iran is warning against new washington back sanctions over its nuclear program with a target on exports and says they may more than double fuel prices jamaal of d.v. from the national iranian american council so some sanctions will only choke already struggling western economies. these are saying that. this is the sponsors that actually acknowledge ok this is going to raise gas prices a little bit here in the u.s. it might you know take away some jobs here in the u.s. but it's so important that we need to do it even though we've never seen these sanctions actually work meanwhile in europe they've talked about imposing similar sanctions actually imposing an embargo on iranian oil exports so that europe wouldn't be able to purchase those and it looked like they were going to go through

with it and tell spain italy greece said now hold on we're teetering right now if you actually raise gas prices here if you cut off our oil imports from iran we're going to go under that's going to create far more damage. than we could expect from actually pursuing a different course with iran focused on a way out of this sort of escalating confrontation. and more towards diplomacy than just pressure for pressures sake. what are some other nice from around the world now and there's one place in the heart of the e.u. that slowly been struggling to achieve a much talked about unity belgium finally has a new government after a record breaking five hundred forty days of political deadlock socialist leader. will take charge of the new coalition which will have to sort out reforms and cuts to patch up belgium's doing little come to me the last government quit in april twenty tend to fit into a zone of internal disputes. a suicide bomber has struck at the c.r.

that was the shrine in the afghan capital killing at least thirty people. hundreds gathered to mark a religious festival and follows a separate incident early on tuesday in the north which sought four killed after a bomb exploded near a mosque. every coast's deposed president has appeared in the hague on war crimes charges though about the plunge the country into civil war refusing to accept defeat in last year's election resulting in around three thousand deaths. are going to venture to the french forces were then. was flown to the netherlands last week and is the first ever ex head of state to appear at the tribunals. the russian president's wife has laid the foundation stone for an orthodox church in madrid in a ceremony marking the end of spain in russia's joint cultural year russian books that you see there that is

a gift when he's talking to raise the funds to complete the building a little church that dates back two hundred fifty years in spain russia has to play the workshop first lady spent non-image is also due to the russian science center in the spanish capital twenty eleven so an array of events both countries during the year of culture. the pristine tropical forests of the amazon the renowned as the lungs of our planet but as we'll hear next hour all that is at risk with the relentless march of energy giants in the hunt for oil.

plenty more this hour including the state of play in football's champions league head of the group stage final round that's in about twenty five minutes in the sports update the business news. twenty one minutes past noon and the russian capital here watching business on r.t. then you russian parliament has been chosen but many of the challenges remain the same a number of these a long term project such as building infrastructure privatization due to changes in

the constitution this duma will set for five years rather for ben heiress from business new europe thinks the extra time will help get things done. all of the problems that russia faces have to do with long term planning and you know massive amounts of or for rebuilding restructuring investment what have you and this sense it's not like a western democracy and given that what needs to be done is actually pretty obvious i mean you need to invest in the education system you need to invest into infrastructure to power to read transport you know all these things it's very obvious what needs to be done and so in that sense having a government that's in power a little bit longer. which can concentrate in the job in hands is probably a positive thing. with a new parliament now formed many in russia waiting for the privatisation programme to get back on the priority list bruce bauer from verna capital says the government

has a good job has done a good job so far encouraging investors to inject some cash into state owned companies the government for several years has been making an effort to improve transparency to improve governance companies but now you're actually seeing the fruits of that effort so last last week when gazprom announced its dividends were higher than expected in almost two billion rubles gas from as dividend yield of almost five percent. exxon time chevron and opec petro price and cetera so the government is actually taking you know very dramatic steps to pay you to be a minority shareholder and then you see increasing transparency in dividend payouts from a host of other state and companies so you know the general story is that the government's efforts to improve corporate governance among state owned companies are now rewarding you substantially as a minority shareholder so that's you know that we keep an eye on. and let's now see

how the markets are performing crude prices are in the red as the euro retreats against the dollar that's after standard and poor's placed fifteen euros on economies on a watch list for a possible downgrade in the next three months the light sweet is currently trading at just under one hundred one dollars a barrel brant is topping one hundred nine dollars. european markets are under pressure as s. and p's says it will downgrade all of europe's major economies unless the e.u. leaders come up with a very tight plan on how to solve the debt crisis at friday's summit the footsie lost over half a percent of the opening in germany the dax is down one point six percent. the russian markets are lower at noon in sympathy with asia and europe the r.t.s. is shedding more than one and a third of a percent then my six is down three quarters of a percent. and

a quick look at some individual share moves on the my six most energy majors a down and weaker of crude with was nasty losing more than one percent financials are also under pressure with the t.v. down almost two percent bucking the trend is poor is gold as precious metal stocks are often used as a safe haven in times of uncertainty. russia's biggest mobile phone retailer eurostar is planning to buy one of its main rivals all telecom commerce on daily says this seventy million dollars deal would help euro set five hundred twenty stores to its chain the total number of the outlets would then top five thousand. russians insurance companies seem to be resilient against the global economic downturn research by consultants all over wyman shows that most insurers expect their business to have grown thirteen percent this year and up to twenty percent next year they also forecast. more consolidation as

a result of the new capital requirements reducing the number of entrants farms from more than five hundred eighty to about two hundred without for years. the global gambling industry is seeing robust growth despite economic uncertainties it's said to have rocketed by more than nine percent annually for the next four years pricewaterhouse coopers predicts high roller market revenues to grow from last year's one hundred eighteen billion dollars to one hundred eighty three billion by twenty thirteen they also expect the asia pacific to run the revenues of the biggest gambling market of the united states in just two years russia though is mostly set aside something industry due in strict legislation. that's all the way the from the business team but you can always find a lot more stories they're online for you any time at r.t. dot com slash business.

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