we need to be leaving two thirds of the non-fossil fuel reserves in the ground if we're going to prevent catastrophic climate change that being the case over the last very last thing we need to be doing is looking for for more fossil fuels in the extreme for the only reason that that's going to hate is because of the wide of the old and gas industry got their claws into governments across the world. you know. when you've got. to profit from from extreme fossil fuels whatever cost in terms of the long term the environmental and social benefits of the people in the area. well you live here in moscow i'll be back with more with the news team in just about half an hour from now the meantime it is all weekly business round up in venture capital after a short break. courting

for the behind center's numbers we have more than two thousand political prisoners i'm behind right now of course if you look at the system what the behind the government is trying to do is they're trying to label many of these prisoners us terrorists. right. first street. and i think picture. on our reporters would. be an.

ally that welcomes friends got to watch this week of school see us drama continue to play out this soap opera that is still concentrates on all the facts on the soul you've been in and days it is maybe perhaps all the six of it also going to get a call so until about the process i'm old and that is of course all of this looks like it's ready to. according to prime minister they can say i will become the first year as an country to exit an international bailout mr kenney's said that the era of the bailout will be no more often out in plans to withdraw from the i.m.f. e.u. support by the end of this year although mr kerry did warn that the country's financial troubles on so just turn my back in twenty ten ireland was forced to take

an eighty five billion euro bet out of the country's biggest banks collapse fast forward to twenty thirty and it's not just our men's league that is optimistic but in july ratings agency standard and poor's upgraded ireland's credit outlook from stable to positive because the country's debts were forming faster than expected so let's get some analysis right now with irish economist david mcwilliams in dublin. so david good news for my own bed. well it started too soon are to be good thing not least because accepting the i.m.f. e.u. troika bailout is regarded by the state or at least i've heard ties and marketed by the state as being the sort of end of the crisis but. we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout as only you only end up paying hedge funds by borrowing from pension funds we don't have means in

proper english and clear english so my my sense is that what we have is a situation whereby in the last three years the irish government how the opportunity to change the growth potential of the country to address some internal problems that we have with respect to give vested interests a trade union movements but ultimately did nothing so you know good tutor repeat the great expression the irish establishment never misses an opportunity to miss an opportunity and here's been one and so what we go we go back and issue bonds to. pension farms and to investors in london but it's hardly a sign of success what would you say that about the fact that island on the face of it looks to be in a much better situation than that like south pole it's a goal cyprus greece would say so what's ireland doing i mean it's a very very different economy to portugal or cyprus our greece in the sense that we

have some parts of the economy which are probably the most productive in the euro if not most of the developed world so i don't think it's fair to compare us to the others and say we're doing well we might make tricks for doing well i don't know what yours is employment is income is immigration is the lives of ordinary people and the lives of ordinary people how to. totally affected negatively by the last couple of years but what we find rather bizarre is that the bond market which is largely dancing to mr derby's tune as long as he promises to do whatever it takes to save the euro bond yields remain low all around the periphery europe. they are trumpeting their great success we who live in the country have children the country of relations in the country work here i see a very very different picture one where domestic demand is entirely flush one where people's incomes are following our tax code rising and one where all sorts of

what we would have regarded as normal normal social services are being cautious so again you know if success is that my job servers teachers who are being forced let's say to work long hours in order to pay so body in america who's managed to stay in our bond market yeah but that doesn't seem to me to be success and certainly nothing excited about that oh no no i don't think that's. coming out of amongst us and then you'll see what it's what the economy is really doing internally as opposed to reading marketing reports from investment banks i thank david met william says speaking to us from dublin now someone that knows all about ireland. and it's just crossed say i like hey i had to get you a because of a c i have and so he and i was going on that what is going on so you agree with

dave that yes i go i do i think david talked a lot of sense there what you say on their own what you read in the newspapers is not does not reflect the reality the grad who are living there let's take public transport and i don't for example headlines in the irish times will tell you that fares for dublin commuters are going up ten percent and i think all right well you know that's not terribly bad but what david also said was that there was a huge failure on the go for. rein in some of the unions so the public infrastructure is affected by strikes on the one hand the what you don't know what you don't see is that the average length of a commuter train is called the darks that brings commuters in and out of the average length has been reduced so commuters being squashed right now into smaller trains right now which they're being asked to pay more yeah so the squeeze is calling from all sides this is what you don't see in market reports arise or as i say should because i mean i'm focusing on the data because the data is reasonably

optimised secondly like i said about the prime minister's comments this week about coming away from this international bailout package funds to me that seems positive because they are going to stand around the good to be independent no longer reliant on international help that i read in this final book but i think in the great to use the cliche he would say that wouldn't it and it carries a prime minister who's on the back foot he's just suffered a humiliating defeat in a referendum where he tried to abolish the upper house of the irish parliament this would reduce the number of checks and balances obviously in the political system i think people have been asked to pick up with a pretty heavy burden ok we'll leave it there i want to chat to you all day about this but i can't but i request it thank you so much that you can incite back a little bit of irish charm here a venture capital today thank you. switzerland is that a must for its quote she is its banking secrecy and well most importantly in my view it's chock of course the walled largest offshore well sent to switzerland it's

signed an agreement convention with the organization for economic cooperation and development otherwise known as the o.e.c.d. agreement means sharing banking information with dozens of other countries so i'm now joined by hans our kauffman swiss politician and economist for more information on this particular topic do you think that this is a good thing for the global economy do you think that this is more transparent say . less kind of black market. activities going on do you see this as a positive move. you know i'm still a very brave little frightful see. privacy has no necessary to do restarts and ration because of a newly introduced a banking secrecy begins to cool both wars. immediately also introduce a road hairiest at least holding so thirty five percent so in switzerland.

really cheat taxes on income for all ball moves or shares be called thirty five percent. of all the sort of in use are directly going to state parks to probably start to have foreign instruments formed deal from the united states where you do not tire of we told in taxes starts to program so one could also have solved the problem by introducing globally substantial be holding taxes do you think it's far as switzerland's economy is concerned it could be a bad thing and negative impacts come hard for an impact because we are quite unclear. saying goodbye to another hundred thousand to two hundred thousand foreign customers and especially us customers are not all. accepted their legal

murder rates mostly spanx and i fear a direct we. made the two billion in revenues has kaufman thank you for your time. five a culprit now than and it's not as rough as fourteen that's going to be making its way to presume but also i brought some foam since coal company the pieces by fired have pharmaceutical company will i think a forty million dollars facility to produce generic functions of account supplies into all conceivable medicines in the south of brazil. taking advantage of brazil to get spending all medicine and public health. this. just opened up so we'll hold an i.p.o. in the next three to five years the communications minister made the announcement on his office says in the u.k.'s boil mal jumped almost descends on the first day

of trading on the london stock exchange. legal metals dispute a swiss school which has ordered to tad jake and company tell quite to pay roussel subsidiary investing in them it's a two hundred seventy five million the stall that you don't see the cool time as claim that the tactic company had breached supply agreements made in two thousand and three ok it's that time of the service to mr thomas all in-house investors see what he's been up to and i go and. i'm really impressed with your dedication so i like it your way and all of that you'll still try eating but i was arrested last week when our business and it's one o'clock in the morning here in arizona but that's not going to stop me i am dedicated to venture capital and you know what i got to make some money i have to break even so i'm going to keep on working until i make ground zero that is the attitude we like so how you doing that and how you putting that into practice well the good news is that i'm up over a bit let me tell you i'm going over let me tell you how this happened last week if

you remember three quarters in financials and that's spirit bank specifically going gangbusters it went below one percent again for a third straight week in a row and so i made money the bad news is that governments remember their sparkly or should i mean that's i mean i don't. know right but they didn't do me any good so i'm going to have to don't get a diamond because they treated flat didn't make any money on them so overall my portfolio was i made eighty five dollars this week to a grand total of nine thousand nine hundred seventy five. twenty five dollars shy of the big turn down to break even so i need to keep at it and yes you do well it and i k. so you made it but you don't quite that yet all you know i that i will cite the sleeves are as i know a lot can maybe what if you got right is going to work in fact this is unfortunately the diamondback stage very very very here i'm going to have to dump the diamonds i'm going to go all in financials it may seem boring but three weeks

in a row getting one percent each we i can't deny that logic so i'm going to go all in with spirit bang to see if i can at least grade you that ten thousand mark because if i do if you remember we have a deal we do have a deal right i'm going to bring you some droplet from the united states if i actually break even but that's that's what's going to have to happen ron and i so i get my chocolate if you break. in the business i am waiting for you all the way back from inside down one part of the tail all right so best of luck i will say so how i felt about this dumping the diamonds. were going to go with the financials all right have it i mean i reside out play halt what caused by what we got from that capital mr tom i saw a house invest right that succeeding this week well my time is up today so it's on and i'll say it i even do it yourself i said they have i really had become but next

week to buy. right. first. and i think you're. on our way. on mom get wealthy british style. market. has come to find out what's really happening to the global economy

with max concert for a no holds barred look at the global financial headlines tune into kinds a report. to police be told language. programs and documentaries in arabic in school here on. reporting from the world's hot spots fifty ip interviews intriguing stories for you to. see then try. to find out more visit our big. dog called.