of course we know that luzhkov said that he was not going to quit now according to russian law there are two ways that that a federal official of a region could lose its poses either the seeking dismissal or of course an order from the head of state of reno that in this incident in this case it is an order from russian president dmitri medvedev it's a very highly anticipated decision not just in political circles but muscovites as well. i decided to dismiss the mayor of moscow the decree i signed states that i as president have lost trust in your ear. and it is a legal reason for his dismissal i cannot work with officials i can't trust. it's obvious that professional relations between the president and the most. with. the president. act to return the situation back to normal. does leave behind a very visible legacy let's start with moscow with self now he has been credited

for giving the city a facelift one of those a baby cries the savior cathedral which was because of him was rebuilt and people are saying that this is one of the most beautiful landmarks here so they give him credit for that but on the other hand there's also right behind me if you could see through the rain be a peter the great satirist i must have i think it's one of the ugliest sellout marks here in the city now the contrast between the opinions if you got from these two landmark does very much like the opinions that he's getting from the public is a very polarized opinion that you just have a bit more background on why you're such a controversial person let's look at the story father my colleague because. the constant feature of the mosque he's a legendary cab has been the subject of amusement throughout his eighteen years in power selling his custom made silver camp it's an auction of kindly granted nursery home the one million u.s. dollars. he's made or shipped meanwhile he needs more than just one cab to cover the bull spots. of his career he started making his fortune on the economic crisis

of the late ninety's rumors of money laundering have haunted many of his multi-million dollar construction projects across the capital there's lots of problems in the city namely there is no affordable housing pulled in moscow vides there is a problem of people cheated by the construction pyramids these two and others have to be dealt with before any question about future employment of them is to be discussed while the country was losing money during the recent economic downturn in two thousand and nine income increased however the mayor claims it's not his money but he's wife's feet and about doing that he's russia's only female billionaire she was a property development company and many claim its list of political clout that lands her the deals both in wash and abroad he's known for his strong anti-gay stands never authorizing and even cracking down on gay pride parades national parts of our

society with healthy morals do not accept homos they just don't except for the last summer may blame him for mishandling the severest mock situation in moscow the city it sure worked on toxic smoke for almost a month as wildfires rage while he was unlucky out of the city with awful mccarthy's it's all of course every specialist should be responsible for what they are entrusted with he said up with if for example the mayor of moscow comes back from holidays by the next day after the smog over that usually has a dissolved which was the case this time and i think it is unacceptable he should have been here half an hour after the small looks like luzhkov has been concentrating a lot on his house rather than that's what this city's residents. i don't drink maybe i'm missing out on something but for more than thirty years i haven't had a drop. in the money that the russian government allocates to improve infrastructure rarely make it to the right. he's also been criticized over the

deconstruction of the city's historical and architectural heritage after his long. footprints will see on the streets of the russian capital and then the artsy. or form. of the london times like. but it had little choice but to remove herself. it was pretty clear that if they were going to get rid of luzhkov it would have to be by sacking he wasn't going to be removed quietly he wasn't going to go without a fight and this guy became a test of the president's credibility it's all the more dramatic sacking him directly from shanghai when he's far away overseas i think also it's a recognition that luzhkov has lost the confidence of the people of moscow i think in the end there's a general feeling he's been there too long he's too overconfident he's it's time for a fresh change for a new face and that this is really the time to get rid of him one shouldn't

underestimate his achievements particularly in the early years in office when he really got things going when he came to power it was really a chaotic mess that had not had very little renewal of its infrastructure the city council critically and soviet days had simply been a rubber stamp of the done very little he cleaned up the buildings admittedly he knocked down a lot of the historic ones which should have been preserved but those that were preserved were wonderfully cleaned up and he presided over a real boom in the city's infrastructure and in its new residences and capital building so i think many people still feel he did a good job to start with but of course the taint of corruption lingered so long now the question is whether in fact the corruption charges will stick whether he actually will be accused of corruption i think it would be a messy trial if it came to that and it probably would be very unfortunate he may be lucky he'll be just left in peace as long as he doesn't now interfere and try and get his job back he is not young i believe seventy four it's not the time

really to stop a new party at that age he couldn't remain in any way associated with the government that sacked him so if he went into politics he would have to go into opposition i don't think many existing opposition groups would welcome his support he would be seen as a divisive figure it would look like opportunism and i don't think it would be seen as genuinely political differences it would simply be. seen as him drawing to get revenge on those who sacked him so i really think that isn't an option if he tries it i think you'll come to a rather sticky end a boat carrying a jewish activist attempting to reach placated goals or has been forced to divert to the port of ashdod in israel by israeli warships and among those on board is a holocaust survivor and israeli man who lost his daughter in a palestinian suicide bombing a spokesman for the green put that all denies the journey says many jews don't support the israeli government's behavior towards palestinians. we've heard that

the better world order we understand international waters but the crew and captain just. being taken to our start we hope they will be released. immediately after no it will create different leaders very authoritative we believe the blockade is illegal and illegitimate and we wanted in any event to make a crumb the public statement. again the collective punishment of the people of god and the political challenge of the blockade of gaza and to the country new doc you live in jerusalem in the west bank. variation on behalf of many jew the israeli government the future the public peace of occupation are not being conducted with our support or in our name and are not in our interest and we do not believe they are in the interest of the state of israel itself. four months ago naing

appropriateness to me an activist died in an israeli raid on another aid to to the north from turkey a un report described the force as disproportionate and brutal this time a london based printings for justice for palestinians organized the voyage ala the founder of the known governmental organization made peace dot org says government. show you the same car which is the people taking part in the footage. hard to know what to expect especially after what happened months ago with the marmora but it is true though that this is a jewish this is a jewish ship and this is a jewish if the made every effort to to reach the real story is in the message of solidarity stand by jews on this ship with their muslim brothers in gaza we all know what's happened to bring us to this point and the israelis and the palestinians disagree what we need real right now is real leadership and between me

and you if the leaders of the palestinians and of the israelis can show the same courage of the people on this boat and others around the world i think we have a chance to break that impasse now from a strictly controlled communist ideology to an era of innovation and in new generation of minded people that's how russia's president has described china after he visited the world's biggest technology china high expo twenty twenty. friends and future innovations what better place to come together than the shanghai expo where russia and china are the stars of tomorrow. the main message of russia's exposition in trying we're establishing your free we rule china for decades to come . president medvedev opened russia today and met with speed thing ping deputy chair to hu jintao and the man seen as china's most possible future leader rang the ground for what could be

a partnership that shifts and shocks global power mr. bean is the most likely future leader of china it's unlikely they discussed with me very concrete plans for the future but they probably talked about mutual approach to russia china relations and global issues that is about most of the day together and took a good look of what china and russia have to offer. russia's brazilian is a favorite this time around with its top talking energy companies putting on their best show so. here at this exposure we're demonstrating the latest results in science and high tech and showcasing cooperation with our chinese colleagues but it's all part of a bigger picture russia's push for rapid modernization and when you go to this exhibition is a unique chance to speed up the modernization of our economies in institutes and of its development is certainly the choice of our country who are following this path and will do everything for our economy to modernize change and to modern life.

and russia understand china is a great way to start made in china had a significantly different connotation just some few years back that's right take a closer look at the backs of your i pads and i pods they were most likely assembled here russia states china is the friend with whom to solidify a partnership bringing them into the future and past reporting from shanghai and he said no way r.t. . now north korean leader kim jong il has promoted his youngest son kim jong un to the rank of general in what's seen as the first step of a power transition it came before the country's ruling workers policy for the biggest convention in decades no official announcements were made. and the issue of succession has been shrouded in mystery bosses artie's got that in as out of a report that practice isn't done common in north korea. in the first century

everything is global and all kinds of information is available online but there remains a lot of mystery in the world wide web that is north korea that many are pretty trade secrets what was likely the exception if he was one of you to visit the place and hopefully will share his impressions a alex so tell me you were in that gang what's it like what's your biggest impression be honest with you when i was going there i felt a little nervous haven't read all the stories about north korea in the western media that it's scary place it's all to different sort of scary things when i arrived there i thought it was nothing like that but the one thing which oppressed me the most of the first days and first now is the i saw a building on the other side of there over my hotel it had no curtains on the windows and i asked one of the assistants why is it like that he said well if you have curtains and more free it means you have something to hide so i got the impression that this society is open to its own government whilst its government is

closed to the rest of the world it is the societies close to the world as well world attention is turned on north korea for the first workers party meeting in thirty years there are rumors of imminent change but that according to those in the know is premature for those of. us i don't think we should expect any dramatic changes right away because power in north korea is built on the principles of succession and continuity kim jong il became a leader first and foremost thanks to his image of a true follower of his father's legacy ideas and not to some distort of the foundations or is the person to lead the country's policy into a sharp turn so obviously the same is going to apply to kim jong il's successor. north korea's nuclear ambitions troubled the west and the secretive states tightlipped policies and everything has been successfully used as a tool by countries such as the united states. the united states in particular need a bad guy in the region to justify their military presence in the southern part of

the korean peninsula and japan and for deploying their missile defense systems there which they've done somewhat more actively than in europe until now the us and allied military presence in the region was justified by the soviet threat but it's been twenty years without a soviet threat however the united states is not going to give our military alliances a stablish during the cold war and now it is very convenient to have a bad guy in pyongyang that can be used as a scapegoat for everything. to north korea the soviet union was the very opposite of a threat especially in the korean war of the early one nine hundred fifty s. the u.s.s.r. came to see as many socialist states in largest possible was happy to a communist regime against u.n. troops. but the veterans of those battles only recently got the chance to talk about their memories for them it was yet another war that didn't exist for. i was there for a year and a half and when we came back we couldn't talk about it couldn't even hint those that died were buried and the notes to their families would read killed in the

course of duty where. there was not open for discussion it was hard but it was tough out there of course seventy seven out of seventy eight green cities were destroyed almost completely and yet everywhere i went by so people trying to rebuild homes roads everything we see women on the road carrying their kids and their belongings to a new town and would give them lifts we weren't allowed to but we did. when the eastern european communist bloc fell apart its influx into the north korean economy plummeted despite the fact a close relationship is maintained by moscow n.p.r. the veil of secrecy is not helping to boost economic development north korea remains one of only five communist states in the world and by far the most mysterious country on the map gas you know r t moscow.

a european parliament delegation to north korea good ford says the country isn't just getting a new leader it could log a whole new era. this party conference which can the series i suspect unprecedented strangers in terms of generational changes in the in the leadership of the korean workers party we've already seen that some people like you. both who've been negotiating with the americans i've had recent promotions within the supreme people's assembly and within the ministries it looks like it looks like this is a if you're a generational change and not merely the if you're signaling of eventually will succeed kim jong il so what do you make of the view that america simply needs a sort of bad guy in the region to justify its military presence in the southern part of the korean peninsula and japan and and to justify the pointing it missile defense systems that there are certainly people in japan within within the former

ruling party the neo cons there and people within the united states administration not all of them there are tensions in there who actually find it very convenient. excuse to deploy missile defense in japan which obviously deters the north koreans but at the same time pressure on the chinese to move more money into their military and of course the analysis of the chinese as being exactly one of the reasons for the fall of the soviet union was the fact that the economy was forced to live a life in too much of the military sector and not enough on improving civilian standards of living ok now some other stories making headlines around the world and in remaining here around five thousand people have hit the streets of protest at the government measures most public sector. slashed by up to twenty five percent protesters are demanding a reversal of wage cuts an increase in the minimum wage i'm a cancellation of planned layoffs. at least thirty people are missing after

a mudslide buried northwest in columbia the group was boarding up. when the landslide could stay did down a mountain and block the road rescue efforts had to be suspended because of dangerous conditions caused by raids and poor visibility heavy rains in recent weeks across colombia have triggered flooding that has cleaned at least seventy four lines. the german government's decision to extend its use of nuclear power plants has resulted in protests in several cities it returns previous policies to guard all the tomic stations offline by twenty twenty two officials they alternative energy sources well enough developed to fulfill the pledge but green activists say the decision is based on the interests of energy corporation. paris city council has dropped a criminal case against the former president jacques chirac he was accused of embezzling and when he was mayor of the city it follows

a deal where he agreed to pay the two claimed by the suit with help from the party he founded the decision has spoilt angry protests still to face another trial of corruption charges within the next few months. belgian as space has been shot down as part of a twenty four hour strike by air traffic controllers all flights at brussels airport were cancelled while other airports were also affected a spokesman for the belgian and navigation service said that no demands were made by work is illegal. ok don't go away in our business update on the way stephanie after a short break. i'm great for the full we've got. the biggest issues get voice face to face with the news makers.

hello and welcome to the business but it isn't as we've been reporting in the main news the mayor of moscow yuri luzhkov has been fired by president medvedev this cough has ruled the city for eighteen years onset the planning conditions for construction business spoke to the head of penny lane real estate about the impact of his departure almost goes to say market. we expect a very long period of time when everybody is frozen nobody's approving giving any permits everybody is stuck waiting for new orders from the new

czar they are all worried if they could do something wrong there will be worried whose orders to follow is they do not really know who will be on top tomorrow before everybody is stuck with no job going on. i believe that this would be a huge home to the industry. but russia's top banks have reached twenty percent of their loan portfolio that's the highest level since the beginning of the crisis the international finance corporation part of the world bank says flush it needs to develop a market for bad debts so banks can clear them from their balance sheets timothy crouse from the i.f.c. says the company proposes to jumpstart the system with a two hundred million dollar fund. i think that some of the banks here that are trying too hard to collect their loans are not paying attention to their core business and their market share will shrink and they'll be left holding paper

that's not worth anything i think the thing is to create a market so you have a market you need buyers and you need sellers so we have plenty of buyers here capitols not the question i see provides financing we also try to match the buyers and the sellers right now we don't have enough sellers there are not enough banks that want to sell their corporate loans so there's loans to small businesses they'll sell retail loans credit card loans things like this but they won't sell corporate loans yet there's too big of a gap between the price banks think that they should get thirty forty cents on the dollar but buyers that are coming into the market they're not willing to pay that yet there is no track record yet we need a precedent we need a first sale to occur and then prices will go up after that when people see that you can actually collect on bad loans in russia why hasn't a bad that's markets in russia emerged naturally off its own accord it's a little bit of a cycle a psychological issue i think no one wants to admit that they've made bad loans it

takes a while to get prepared for this and i think once banks think it through once they see that they're not making progress and restructuring corporate loans once they understand that they're not going to make much progress it makes sense for someone else to give it a try someone that specializes in this business liquidity has long to go up to being the bank's main problem do you really think that clean up balance so how banks lending i think it will because banks don't have to allocate capital to the bad loans that are sitting on their books if their management doesn't have to devote time to the bad assets that are sitting in their bank they can spend time doing what they do best which is to originate new loans there people can go out and figure out which corporate lenders are the ones that are most credit worthy which can be their best clients allocate capital to that that's what they need to do. the russian markets finished in the red on tuesday v.t. b. was the worst performing very chip on the my sex having one point nine percent into

the close by and also suffered energy majors dragged with rosneft down at one point three percent. in economic news russia's central bank has kept its key interest rate on hold at seven am free quarters percent for the fourth month in a row bank officials say the risk of inflation is at an acceptable level they have also previously stated that the possibility of a rate hike this year is very small. russian oil major new coil intends to buy back the rest of its shares held by conoco phillips the company recently bought almost five percent of its stock from the american firm and now says it will buy the remaining six percent separately lou calls says it intends to challenge an official decision to prevent it from bidding for the tribes tipped off oil fields the fields are among the largest yet to be distributed in russia. german engineering and electronics firm siemens plans to invest five hundred and forty

million dollars in its projects in russia over the next two to three years the company intends to build a number of plants to produce electronics equipment across russia and also plans to build a wind farm in the country's far east it will build all the generating a quick man from start to finish in a joint venture with us hydro and state corp russian technologies. i'm not so the business news for now but you can always find more stories if you log on to our website that's our teeth up called slash it since. you're.

more news today violence is once again flared up. and these are the images the world has been seeing from the streets of canada. trying to corporations are on the

day.

it's a moscow a very warm welcome by the mayor of moscow was fired after eighteen years in power the president says he acted because he no longer has confidence in the capital's top boss. all international activists will a jewish organize aid mission to blockade to gaza is forced to end its journey by israeli leadership. in washington president heads a trip to china by using the man widely predicted to be the next leader of the people's republic. now with the north korean leader expected to name his successor

any time now all he talks to an expert on the region but a ship and he met kim jong il. in the twenty first century everything has become globalized there is practically nothing that a person can find on the internet on the phone or from known sources but north korea remains one of the very few enigmas in the twenty first century and to talk a little more about this a fact where our team got the chance to talk to the director of the far east studies of the russian academies of science i think somebody should have been with him thank you so much for joining us north korea remains one of the few mysteries today everything is known information about everything can be found easily but north korea maintains that shroud of secrecy why. it's happened sold it.