believe me sexually assaulting the prisoners there is the go to leave who first started using the term scruton search if you will believe it the day after she admitted to sort of and it's been done to try to intimidate prisoners out of talking to the lords so that unfortunately the truth would not come out and most of them are resisting has been going through this for months and months and months now and i've got a proud woman and weighed it in his response to that is when we leave him in his cell he starts singing you know both molly's songs new get up stand up your rhythmix and the guards to show that he's not to be coward. i think shaq is standing up for his rights and the rights of other prisons prisoners has motivated guards under orders from the more senior offices to treat very bad but actually it's not the desired effect on the arts and it's made shockers stronger mentally

because he recognizes that he is now at least in some parts in control of his life so i've actually been impressed by the psychological improvements and physically isn't very tough straits and here at r.t. we sent a request to the guantanamo camp after the assault accusations by the inmates we got an answer a facility representative said they were unwilling to comment on such claims or regardless of how ridiculous and absurd they may get so we decided to know what the u.k. thinks about the plight of a one of its residents held up a good and here's what they told us and the british government is talking costly to its american counterparts and shout out of most cases a matter of urgency to them but as they insist the inmate needs to return home washington struggles to come up with the reasoning of why ahmad is still being held or will still to come here on our latest our business program venture capital in just a sec. well

. science technology innovation all the latest developments from around russia we've gone to the future or covered.

that welcome to venture capital with me. well we're going to be discussing some of the i think it pieces of news stories find out what's been very good shaking the global markets corporate news coming up. in cities are going to jam packed show it's the day that we're going to get stuck in and talk about china because the world's second largest economy has been setting off all kinds of alarm bells at this week it's now on track for its poorest before months since one thousand nine hundred ninety eight after growing at an average annual rate of just under ten percent of the last thirty three years the latest figure of seven point five percent is causing concern is the news we didn't want to hear from china or is manufacturing sector the backbone of its economy continues to slow more signs of

weakness in the world's second largest economy we've got an economy which just isn't slow and there's a record of me that's collapsing considering parts of europe are dealing with flatow even negative growth right now why all the fuss over china that well fuzzy let's take a look at some point five percent of china's going to be actually equates to well it equals the whole of switzerland economy one of the wealthiest economies in europe so if time is growth was to stay this way the country would be adding the whole of the switch the quantum way to its balance sheet every year or three graces if you put it like that even so is a seven point five percent such a disaster while right now i'm joined by a say half full morgan stanley chief asia pacific economists joining me from hong kong today so can you tell me what you make of this seven point five percent is it such a disaster well our finger china is going through our necessary phrase of adjustment rebalancing the economy over the. as to five years china investment too much

part of it to support of the global economy because of the financial crisis by the investment it has allowed to overcapacity saw there is a needed to a skilled back investment right maybe china is a victim of bubbles perhaps after two thousand and eight. the western countries cut interest rates dramatically so the high money started to flow to flow into the emerging economies and china due to receive a lot of hard money my characters will be sick of the signature in more than one train us dollars that are part of contribute to a piece of real estate a bubble in china and it's part of the investment a story now as if the western countries are preparing to tighten monetary policy in particular only when i stage so we're seeing our hot money leaving china and

other glory days so if that's a china well i think. that people used to be very bullish about china ignoring all the problems not the old becoming very bearish thinking that the china's growth is over i think of these are wrong and as i pointed out of a before that china had a bubble and needed needed to go through adjustment now and i think that it's you we should not be. writing china half china's per capita income is only six thousand us dollars and it's got a lot of side the chinese people are very productive and a probably of the most of what productive people in the world today and considering there are so little solar there's a lot of upside of potential i stupidly we're going to china will reach twenty thousand u.s. dollars per capita income by twenty thirty and that will make china the largest economy in the world. and moving on to the ukraine because right now the ecstatic country is torn between two trades now as you can see. stark rides

in the middle just ukraine it faces a choice if you go over the age of free trade zone or join the customs union with russia now if you crane chooses to go west words it would become part of the biggest trade bloc in the world but the question is whether it will be worth the country would be expected to spend money in order to me european standards for infrastructure the environment and the quality of their goods plus ukraine enjoys oil and gas discounts due to their close relationship with russia if the country enters the e.u. then they would be expected to pay the same price as the rest of the e.u. countries now trade with russia is expected to decrease by up to two billion dollars on the other hand is the option of joining the customs union this will be the trade with the e.u. at the same level that it is now at the same time boosting exports to russia up to

ten billion dollars annually so economically the situation seems pretty clear however politically if you crave it is ready to pay the price it may join the e.u. club for better or for worse. thailand has become the first country to be in the big oil it's now illegal to use a virtual currency after the central bank declared that it's not a currency this is the latest blow for the big choir the pay to pay cash system and alternative to traditional choruses have had its fair share of controversy since its introduction four years ago according to an online statement by the ruling came after months of meetings between the company and thailand's central bank that time justified their decision stating that the ban is due to a lack of existing. laws capital controls and the. struggles of multiple financial of. ass's which also is rather complicated really so we've got

an expert to break this down for us right here i am joined by christopher hall well from the skolkovo business help us hi christopher atsic you tell me a face the beginning of the end for the bit coy no not really i mean many of the things that point said are in fact exactly correct in terms of why it was banned in terms of the problems the difficulties it's having in thailand it's not really that it's banned per se it's that thailand isn't i don't want to say advanced but it's legal system really isn't sophisticated enough to deal with what bitcoin is is the end of reaction by thailand well no i think it's an overreaction from the way it's been reported including by bitcoin ltd the company that sells that accident exchange for bitcoin in thailand i mean the central bank of thailand really doesn't have any authority to ban currency or to ban bitcoin per se it does have legal

authority to deal with the exchange rate movements with capital controls as bitcoin mentioned and with things that could impact the exchange rate of the body so right now what they're basically saying is we need more time to study what bitcoin is and if it has an effect on the thai baht on whether or not it's going to affect the exchange rate which is what they're really concerned about do you think there is now a faith that other countries will follow suit that way investigating the current seem all. of course i mean that's that's always been the worry about bitcoin bitcoin was great because it was anonymous it's not backed by a central bank it's comes about from this computer algorithm so it's a really good alternative to central banking it's an alternative to normal monetary policy and obviously governments are threatened by that central banks are supposed to have a monopoly on the currency that's the whole hallmarks of monetary policy today so thanks are threatened by it governments are threatened by it and there will be the

. kind of ongoing investigations. and now time for some corporate news from hey in russia them russians have been going mad from a sadie's with the luxury vehicles latest offer and selling out just three months russian sells were up twenty percent in toto. russia's. jess with the first half profits decreasing by over one hundred percent plus russia's gas major gazprom has announced it will supply more natural gas to europe this year having already increased supplies by ten percent but despite the increase to ma and gas problem is still set to do a ten percent decline in profits overall. this week has witnessed the collapse of the world's biggest fertiliser cartel sending shock waves through the industry pushing down shares in protest produces world wide by around a quarter panic has been spreading on global stock markets is the russian giant

your account he decided to pull out of a joint venture with its bellerose based partner bellerose kelly in the agricultural world this is the equivalent of saudi arabia dropping out of opec and this could all result in lower food prices because farmers will pay less for their first eliza to grow their crops and pulses discounts on to the consumer at the checkout also this could mean an increase in the size of crops so people will get to enjoy a bigger soybean or less. russia could soon welcome a budget airline air a floor russia's largest airline is trying to offer flies to savvy savers as early as next year and our customers could be snapping up tickets up to forty percent cheaper than traditional allies and as it stands russia doesn't have a budget airline and flights are much more expensive than elsewhere for example

a flight from moscow to davis stock in the far east of russia so a domestic flight is twice as much as the cost of a flight from moscow to new york different continent but while there might be a gap in the market the problem is budget airlines have a history of failing to take off now to a low cost airlines even over and sky express are two examples of this both companies folded in their quest to do so so now i'm joined by the founder of a vienna over we've got pine just here to give us the lowdown hello there are a g thank you for joining me at tell me i want to get an idea as to war era for up to what is the thinking behind this because why don't they just reduce the prices of their flights why. a whole other airline ok.d. i think if they simply ricci's prices they go out of business for a c. so i think the logic here is to create a unit which would be operating on a low cost basis and then to pass those costs on to the consumer. what why are they

doing it now i think is as you've said as there's been a gap in the market for two years they're seeking talking pilots planes but they're also facing very sharp competition now from foreign low cost carriers coming into russia we've seen easy jet for example stop flying from from london to moscow so i think also there are flawed or trying to some of the local scrapes in order to enable them to compete more effectively in the in the overseas market as was a domestic market and is it what about stamping out competition in terms of the russian market i don't think isabel stomping out competition i think you know the basis for a low cost airline is that you grow when you market to encourage people to go from coaches and from trains on to planes so i also i would say to be charitable it's about growing a market as a consumer if i'm going to buy a ticket and i see that air flow are offering a certain price then new but to add lime offering another much lower price i'm

going to go for the lower price is still a hard concept to understand if you think that the brand of ara flouts could be damaged as a result i think it's risky i am also sure the brand would be dumb age but you're right to raise the question because we've seen i don't know how many fifty sixty seventy examples of this airlines trying to set up low cost airlines. only a handful of been successful because what normally happens is that a low cost airline becomes too successful and it cannibalizes the parent company. prime example would be british airways. which we saw fifty years ago but you know there are numerous examples and i think this is the real challenge that aeroflot will have to face how do they give room for the low cost airline to develop and be successful but not give up their call box so that's a challenge that but they will definitely have to to overcome well i think at the end of the day the anywhere now you know.