welcome back, everyone. the price of art has sky rocketed in recent years, attracting more criminals to row deuce counterfeits. fakes have gotten so good that experts can t always spot them. nina del santos has more on the rise of fine art forgery and what s being done to stop it. reporter: old masters, and iconic art from italy. pictures like these have always been coveted by collectors, but in today s $63 billion art market, they ve also become a lucrative target for forgers. and such a famous painting. reporter: to highlight the increasing incidents of fakery, one work was once replaced with
and the low oil price is costing the economy. as you can see there the inflation is to hit 9.7% this year. it was originally cast at 9%, what a lot of people across russia will expect vladimir putin to say is not just something about the international foreign policy issues. so of course it dominated the agenda with russia s incident with ukraine and crimea. he may try to reassure them that this temporary economic blip is not to stay, or perhaps it is just the west s fault, he may say. all right, well, business news with nina del santos, thank you for your report. and we ll have more on president vladimir putin s speech at the top of the hour. all right, coming up, there are new questions about queen
lived in america for most of my life. there are no details and if there is a response from the u.s. and at this moment we re less than 20 moments away from vladimir putin s address to the russian parliament and the economy certainly could be a major talking point of his. yes, no doubt about it. russia has been struggling with western sanctions. i want to bring in nina del santos, host of the business view on cnn. hello, nina, now, the price of oil has quickly dropped. the rubble has plunged. just how serious is it for russia and of course the president. let me put it into context for you. russia saw the biggest decline in the rubble since 1998. it is a very unfortunate comparison for this country because it is the time when it defaulted on the national debt.
that year, america began to gain jobs. a painfully slow, but steady job recovery has now taken hold for the last 18 months. and here is the key, if you want to bring it back to politics. if the economy adds just over 100,000 jobs per month between now and the election, america will have gained back every single job lost during the obama presidency. north zuckerman is the editor in chief of u.s. news & world report. he s also an extremely wealthy and successful democratic businessman. and he wrote this week, president obama s economic programs have failed. mort, the economy is on pace, as you saw, to get back every job lost under president obama, about a recession that he didn t start. why? why are you saying it s failed? let me put it this way. in the first place, those numbers are slightly misleading. we need 125,000 to 150,000 jobs every month just to take into account the new people coming into the labor force. absolutely, but that s not the criticism. i haven t fi
preside over crowds today in havana. he s on his last leg of his visit to cuba. before saying mass, he ll speak to cuban president raul castro. his brother fidel has requested a meeting as well. a key part of the health care reform law may be in jeopardy. the u.s. supreme court expressed different views on whether the government can require individuals to buy health insurance or face a penalty. today is the third and final day of the hearings. a ruling is expected in june. those are the top stories from cnn. i m monita rajpal. world business today starts right now. good morning. from cnn london, i m nina del santos. and a very good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. these are our top stories this wednesday. shares in totale fall after a major gas leak in the north sea. the oil giant says it could be months before the rig is back online. rupert murdoch s news corp. is hit by more allegations of hacking. this ti