through the centuries when vengeance called for blood in the world i have imagined hanging on this member him for eight years the truth of. it outweighed law and faith in the caucasus. vendettas were handed down from generation to generation and they killed my son with impunity to kill them with impunity it was a question of can once mortal enemies be reconciled today. blood. on r.t. . right see. first strike. and i think you're. on our reporters.

follow that welcome to ben set catholic so with me katie pope what we're going to be discussing some of the week to get this is news stories find out what's been living in say the global mall kids corporate news coming up clues in cities are going to jam packed so says they but now we're going to get the ok and talk about shiny now because the world's second largest economy is and setting off all kinds of alarm bells this week it's now on track for as poor as before most 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 they got 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 an economy that's collapsing considering parts of europe are dealing with flatow even negative growth right now why all the fuss over china that well first let's take a look at what 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 china's growth was to stay this way the country would be adding the whole of the swiss the connally to its balance sheet every year or three greece's if you put it like that even so is a seven point five percent such a disaster well right now i'm joined by andy issei here former morgan stanley chief asia pacific economist joining me from hong kong today so andy can you tell me what you make of this seven point five percent is it such

a disaster well i think that china is going through our necessary phrase of adjustment rebalancing the economy over the last five years china investment to march part of it to support of the global economy because of the financial crisis but we are being versed munda has a lot to overcome perish the saw there is a needed to a skilled banking vestment right do you think maybe china is a victim of bubbles perhaps after two thousand. of the western countries cut interest rates dramatically so the high money started to flow into the emerging economies and china due to receive a lot of hard money my my characters will be sick of the signature in more than one trillion us dollars that are part of contribute to these real estate above all 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 in lieu when i stage so we're seeing our hot money leaving china and other glory days i was at the china where i think. the 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 the wrong. as i pointed out of a before that china had a bubble and you just needed to go through adjustment now and i think that it's you should not be are right in china after china's per capita income is only six thousand u.s. dollars and it's got a lot of side the chinese people are very productive and are probably the most of what productive people in the water they consume and there are so little solar there's a lot of us out 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 ward. and moving on to the ukraine because right

now the excess the country is torn between two trades now as you can see stark riots in the middle just now ukraine is faces a choice either goes the e.u. free trade or join the customs union with russia now if you claim chooses to go west words it would become part of the biggest trade bloc in the world but the question is whether it'll be worth the country would be expected. to spend money in order to me european standards for him to structure the environment and the quality of their kids plus ukraine enjoys ordering gas discounts due to their close relationship with russia if the country and is the e.u. then they would be expected to pay the same price as the rest of the 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 are to the central bank declare that it's not a currency this is the latest blow for the big quietly pay to pay cash system 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 the ban is due to

a lack of existing. laws capital controls on the. struggles of multiple financial facets 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 hot well from the skolkovo business hub for us hi christopher atsic you tell me if this is the beginning of the end for the big coin no not really irene money the things that brit coins are in fact exactly correct in terms of why it was banned in terms. 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 enemy of reaction by thailand well no i think it's an overreaction from the way it's been reported including by coin 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 phase that other countries will follow suit investigating the current seymour oh 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 these kind of ongoing investigations. and now time for some corporate news from hey in russia than russians have been going mad for miss a days with the luxury vehicles latest all friends selling out and just three months russian sales were up twenty percent in toto. russia's and. make a sequel super jess with the first half profits decreasing by over one hundred percent plus russia's gas major gas problem has announced it will supply more natural gas to europe this year having already increase supplies by ten percent but despite the increase to mond 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 of course our 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 bellary space 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 for less. russia could soon welcome a budget airline air a floor russia's largest airline is planning 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 the flights are much more expensive than elsewhere for example a flight from moscow to the 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 avian over we've got pine just here to give us the lowdown hello there or do 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. are saying 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 will be operating on a low cost basis and then to pass those costs on to the consumer. why are they doing it now i think is you've said that it'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 all about stamping out competition in terms of the russian market i don't think it's about 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 line 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 risque 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 food service 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 there's a lot that's

a challenge that they will definitely help to to overcome well i think at the end of the day the anywhere now in all of this can be they can see us i absolutely feel if i see it work out thank you very much and but you have your time today what you find just that i'm not so all the time we've got to venture capital for this week thank you very much indeed for oil company i'll be back same place same time and next sunday so i'll see that time. i've got a big question for you how stupid could stupid terrorist paranoia get according to four progressives dot com the texas department of public safety demanded that any women entering the state senate hand over any tampons or pads before entering wow

so why would they do this are they really that scared that some terrorists are playing to sneak a bomb into the place at any cost according to news at yahoo dot com the official reason is that they're afraid of people using projectiles as a form of protest against a law that would really restrict abortions oh well no i kind of see where you're abortion is an issue that people really get furious over now it kind of all makes sense but what what's that they're afraid of projectiles but people with guns were allowed to take them into the senate are you kidding me i think the second the men were. does a lot more good than harm by i think it goes without saying that for women to concealed carry their hygiene items they should need a permit or permission from anyone but that's just my opinion.