it's been taken over by an extreme agenda. thank you very much for talking to. thank you my pleasure. wealthy british. market. happening to the global economy with. the no holds barred look at the global financial headlines. for.

us. just. a. little. soumitra brighton if you knew. you from some stupid.

stunts on t.v. don't come. again this is on see a picture of the headline. for my oil tycoon and russia's most famous prison that behavior. and sentenced of fourteen years both left and money in the interim this new town is to run alongside the times has already set a fraud on tax evasion for the whole scam his film a business card negative b.g. to release in twenty eight seventy. three minutes charged with planning a tire track of a danish newspaper behind controversial cartoons of the prophet mohammad five years ago it's the latest in a series of arrests across europe that have sparked fears of growing islamist

extremism on the continent. on the holiday season brings america's credit card addiction into the spotlight as millions of florida shopping malls across the country despite the nation's financial troubles some say they're grabbing addiction has turned into a religion on us to be. awake now towards the future with the world's most promising gizmos and gadgets technology update is coming up next. hello and welcome to technology update are you tired of paying those overblown electric bills at the end of each month this could be the answer you've been waiting for a lot of the energy and with it

a lot of the harder and caskets burn out by crummy old incandescent light bulbs but what if i could get you a lot more light and waste way less wattage in the process and up and coming russian companies just open a huge new production facility to help make that energy efficient dream a reality. doesn't need my sleazy sales pitch high tech brainchild of a trio of russian scientists was born abroad and is now returned to russia to come in on a shiny new factory at the outskirts of st petersburg aside from being a happy homecoming the assembly line launches a big step in russia's attempts to modernize its economy and go green at the same time. the capacity. is the highest. in russia countries and in eastern europe we can produce today. it's equal to. we'll cover three hundred

square meters. the latest in a long line russians big and powerful made some of the first strides in constructing the incandescent lamps in the eighteen seventy s using carbon filaments renowned american inventor thomas edison introduced improved filaments that extended relatively short life of electric bulbs first to forty then to over one thousand hours by the early twentieth century the tungsten filament light bulbs still in use today were already emerging and lamps appeared in the. and lamps at the end of the one nine hundred fifty s. and high pressure sodium street lighting in the sixty's compact fluorescents or c.f.l. were pioneered in the seventy's and are still a popular option as we move towards energy efficiency. diodes may be seen in the ninety's with improvements in technology since then showing incredible flexibility and efficiency quite possibly making the lighting of the future. future

that brought out the big shots the octagon factory opening. clearly understood the positive impact of having the company on and she was joined by top level dignitaries and investors from moscow and beyond it's a project that state high tech corporation is happy to throw its weight behind. in the field of hatred structures which. is. in fact. cademy at the root of all of this physical technical institute it's been a world class center for fundamental physics and cutting edge technology since the days of its founder. in the faculty a dilemma. train the ranks of the soviet union's top nuclear scientists they also

begin work on semiconductors that underpins virtually all modern electronics. was one of the institute's bright stars in the field of semiconductor physics and of today's elite d.'s. were developed. twenty. six days we saw the appearance of d.s. based on a three. that was in late one thousand six hundred seventy. is is the next generation know how to develop students and what we see here demonstrates how fast this area is changing both in scientific and technological terms and also in terms of the top rate equipment racing here. top managers. of students in the same mid ninety's

graduate class and while the optoelectronics department gave them the best of foundations they were completing their studies at a time of difficult transition for the russian scientific community. at the beginning of. our economy facing a dramatic evil due to disastrous reforms implemented by the government i mean they were carried out in a callous way and as a result russian science found itself in a difficult situation we could not have survived maintained scientific potential without international collaboration. founders were part of a global generation of innovative entrepreneurs seeking the elusive startup conditions in an era of uncertainty in fact much of the developed world was suffering an economic identity crisis in the late twentieth century not just in the collapsing socialist bloc the west german city of dortmund where the russian

innovators eventually found her incubator was no exception. the world is full of rusting old industrial space by the wayside and the constant shifts of the global economy the challenge on everyone's minds is to rethink and rebuild these spaces to compete in the high tech twenty first century. these challenges were particularly acute endured more of a city at the heart of the once mighty mill logical complex in europe's largest economy these pictures are from the final days of phoenix west a massive plant operator. along with other heavy industry installations. working class long before the mill was shuttered for good in one thousand nine hundred eight the economic. crisis. they had to take a decision to do for the future. there

is a decision you can see here. by the way a. new facility. passed. in april two thousand and five. clean room infrastructure for small companies trying to take technology. from the city state and european union now hosting around twenty companies with over one hundred employees including many from russia so.

obviously they. don't want this. perfect infrastructure in order to do the technology. where the money to come from basically. you know to get this infrastructure in a. to make a predictable conversion you have a timeframe of two the three years in order to convert technology to products and prepare the company in order to approach global markets that's exactly the kind of preparation alex and his classmates turned business partners set up to god were looking for when they came to dortmund and to help them take top quality off the electronic technology into the market. originally it was founded by. two my

friends and classmates from university and myself and. meyer who joined us and he helped to move here to. this. company made a career was here and through this time to develop the main principles and basically team. loop created that elegant today we have between ten companies on the level of performance so what exactly was it that opera gun needed to get their business off the ground insured equipment light emitting diodes don't grow on trees they grow in every taxi all reactors able to read top quality equipment at affordable rates and the m.s.t. factory in the after gun team could set about generating the top quality samples that made them an attractive investment to set up a full scale production here's how it's done production starts with a thin model crystal lean sapphire wafer in a process known as. placed inside

a special chamber the wafer is bombarded with various gases to form a multi-layered structure under specific pressure and temperature conditions the gases cause chemical reactions leaving layers of gallium nitride indium nitride and aluminum nitride on the way for surface each wafer will produce up to thousands of billy d's so a laser edging process cards out the individual chips contacts are then affixed to each one of the tiny l.e.d. chips are now ready to be placed in. casement connected with. and covered with. blue light negative and positive charge in the active layer of the diode releasing photons in the form of visible light and. recovering the innovation technologies. we talked to.

several financial groups and. they. bought it. and inside of these. we found the way the. least disliked defects to. the chips was a more cost efficient technology delivering the same level of performance in a transition phase for pilots. who have. busy calibrating their production lines. perfectly recreate the recipe day nailed down and it's a tedious process. and now the expectations are. comes out of these machines

is going to showcase for potential investors but to meet the lighting needs of clients. to plan what advantages. for an equivalent amount of light up to go on projects it's. nearly ten fold and fifty times meanwhile they will cut in half the energy usage of most and usefully ten times less electricity than. mercury pollution is a potentially serious problem with energy saving c.f.l. . elegies completely. environmentally safe in russia from next year. we have a ban four hundred watt incandescent bulbs like other people do as well. but in russia there is no such high penetration of the so we see that in terms of the market size direct replacement. is bigger compared to europe today so.

we expect russian market to grow. and we see the growth of the market for russia from seventy to one hundred percent a year and we expect this to continue. doesn't have to look too far for customers is the city of st petersburg is undergoing an l.e.d. overhaul. our company is in charge of maintaining some one hundred eighty thousand lighting elements around the city that's a huge market for the new. currently power consumption total several megawatts. of a major production plant that will produce and hopefully lights too will be a boost for some pages the initially we intend to use to eliminate the city's gardens and. there's also an ambitious new miscible construction plan in the pipeline with new streets to be designed and built in two thousand and twelve twenty thirteen so after we've done the pox we'll extend the replacement program to

residential districts and then move on to revamp the lighting for major transport raise in the city as well as the embankments and other case sites beyond their hometown optic on his branching out to the far away russian republic of straddling the arctic circle in icy northern siberia energy efficiency is more than a slogan there since producing electricity in much of the region is expensive and heavily subsidized they also need new technology built to withstand their long brutal winter. what have you guys done to make l.e.d.s. still work in. temperature conditions like we have a lot of parts of russia. we just. sixty degree.

and this is a prototype here what's different about it i can't tell with the naked eye but tell me a little bit about the technology i would say that right now you can buy minus sixty degree. those high end. design is definitely a big part of the heavily competitive game since other companies. already been on the market for years octagon has to show the ability to meet customer specific demands like to temperature standards and it's better lighting solutions ever lower costs. more economical light. today.

and. really. kind of mass consumer base is a bit beyond our grasp even if you think for street and industrial lighting would be great for your. when you saw the three hundred dollars price tag. on driving down the cost of chip production somebody needs to tackle the issue of design before i'm sold on switching over to ellida. the solution lead to creative minds that more deliberative studios are already on the case my scales hip is designed squad is constantly coming up with new week to merge high tech functions with the fashionable for their blueprints a behind the futuristic prototype octagon screw in a light pole. what was the main challenge that you guys had to overcome in making these plans obviously the technology is quite advanced now but they still go to

some issues to solve the biggest one ease the problem of couldn't don't use the laws of heat so we have to design the very good. radiant. is that what this thing is for it here yeah it's like. the theme we just came out for the market three years ago and it's just a standard solution but we like to change it and make it more effective and we got inspired by nature because if you look at some of the stuff like mushrooms for example very they're just like cars a new wave in up and go in and we create the same the same similar stuff here and it will help to extend capacity and space around and. to make that cooling process more effect from a purely design perspective from an artistic perspective. do you like working with bulbs that need a radiator this clunky like when i look at this i see mostly radiator very little

ball and you don't get like maybe as much coming down this direction are you looking at ways to completely redo l.e.d. lighting so that you don't have to have such a bulky radiator industry itself is very rapidly changing day by day i think maybe even up to one year we'll have another design a different look so what then is the future of this kind of designing a look like you mentioned. deed cell getting smaller and smaller and for example they can close your which is called slight engine and physically it's a the. but you know the comma you could wait. but some of the designs may seem a bit frivolous if first glance but we're talking about a far more flexible light in future where we can ditch traditional shapes in the name of variety add a bit of color to just about anything and replace old school single function

buttons with tiny screens multiplying the devices possibilities. cation is in an automobile lighting and the hybrid russian billionaire this month is literally hoping to reinvent the wheel. sometime in two thousand and twelve the economy cars are trimmed with all the latest gadgets for the urban commuter. mixing group backs both octagon in the new car company so it's no wonder he understood the advantages of that product from st peters and google which is the first of all the use of light to me. to come past consumption. and secondly no less important the extended lifespan basically. is the use of l e d's just to simplify because optics lowering costs by saving one hundred season features. the old has company here as the world's leading luxury

sports car makers head seen the light about l.e.d. lamps in recent years as well as the bang for the buck gets better you can expect to encounter more l.e.d.s. on the road. as you can see the technology is finding applications everywhere these days even up your own living room but it's just the tip of the electronics iceberg back in the dorm an incubator there are more innovations on the way from the same team of st petersburg scientists upstairs from octagons launching pad factory i don't offices of the russian companies. industry. semiconductor physics. international. technology. beginning here with molecular. and finishing with a range of packaged products. chips and fiber laser modules for use.

in communications technology. company here. we managed to secure a significant. produces millions of chips for the medical. research to create a unique to be used in the industry of optical computer interconnections. different place. the. project. with a proposal to. chips using. something unique. to technology.

companies among the global elite. semiconductor. discovered in the one nine hundred eighty s. businesses. are great advantages. and. relative noise these properties long been theorized benefits are on the verge of realisation. on the bases of the company's latest invention we will be able to make a chip that will transmit many channels through a single fiber more than one hundred gigabits. it will help replace the bulky

bunches of cables that you see everywhere today just a few fibers. we can cut energy consumption by several dozen times and the maintenance costs many hundred times so it. think of it this way all the data coming out of your computer gets on a highway today the options are basically either building a new road. or waiting in traffic with the other data. adding lanes to the same highway sending information on the same fiber using several different non-interfering wavelengths add to that the fact that each plane is flying in speed and you see what kind of breakthrough we're talking about multiply that by the scale of data. like google facebook or amazon and you're redefining the world of cloud computing. there are some one hundred data centers being set up every year around the world these are enormous factories for data processing consuming a huge amount of energy. in two thousand and six the data processing industry two

percent of electric energy production in the united states that's a huge number so expect to revolutionize the. industry in the near future with research and development and production sites in germany. so obviously the right conditions for top russian optoelectronics technologies to develop have been set up. to competitive firms with. and possibly on the way. to.

project an international. over the next decade in. the next. story it might just be born right here. he's going to these. groups. to give them kind of. these to be done in russia immediately. we would never you know breach. would be.

very. much. culture is that so much i'm afraid we're going to make a lot of people over here yeah but what a year it was if anything two thousand came chodesh just how fragile the world is was it.