only politically difficult for him to now after having seen as one a first initial military victory if it even if it wasn't in truth that it will be very difficult for him to return to any kind of even false cease fire and you have to leave it there remarks about effects for a time. this week the leader of the jihad known as the islamic state made his first public appearance he gave a sermon in the second largest city of iraq praising the creation of an islamic caliphate on the occupied territories militants making major gains capturing a key oil field along the syrian border on top of the other resource rich sites they've already snatched from baghdad. now on this map you can see how much land the islamic state has already under its control that black area in the middle of the map is the self-proclaimed caliphate straddling the border between syria and iraq and success of the islamic state group has seen a number of rebel factions in syria now pledge allegiance to in the group is eager to show off its military might to persuade other fighters to join their cause afraid of tanks and other combat vehicles some of them of u.s.

origin filmed in eastern syria iraq insists it can defeat the jihad is our savings and our keys or often our other explains that could prove a tall order. to harvest formally known as isis this week to clear the completion of their islamic state this. but now this is all done a one country there is no more or less. the iraqi army meanwhile is finding back in televised news briefings the government takes a victoria gives tone. may just come from the information that the ice is leaders have started to flee but on the ground we've found little evidence to back up those claims this used to be territory controlled by the central government but the iraqi army fled this area the same day that the city of mosul was captured by isis millions of dollars of u.s. made equipment being and in uniforms shared in haste. now this looks like

a hat a very cap from the special forces the iraqi special forces this is obviously a vest that they discarded left behind they dressed in civilian clothes. ran away essentially abandoned their posts and that's how in part isis has been able to see it so much territory so quickly the fighting has displaced hundreds of thousands of iraqis that many are scarred by the two thousand and three invasion and describe a sense of deja vu with the current crisis again from two thousand and three it's coming back so it's a disaster actually things are getting worse we've gone to trial under stand first hand how this war was playing out we're on our way right now to one of the front lines the villages. up until about five days ago when isis insurgents leave the country but entire territory the village that's on a strategic road from mosul the next several of the provinces are they really want

to access to a benchmark lost soldiers have been able to clear bits of it but they're still clashes ongoing and that's what we're getting right now. at the base commanders take us to an outpost overlooking an area controlled by militants this is the very first defensive position against the isis militants just two kilometers that way every single day there's been sniper fire attempts by the hardest to enter this territory if they can push through the defensive position that they would potentially take your kook and move into the territories and that could be a massive battle just waiting to happen moments later we have to leave and we just got word that the isis just might be moving forwards all the soldiers have been told to evacuate this area we're going to get out before things get intense we know that there was clashes last night and we don't want to be here if that was again it was apparent just how new would a conflicts this was the front lines change daily and no matter what military gains each day may bring if the iraqi civilians who lose as the war rages on you see calf

no four on t.v. cuckoo province iraq. while the caliphate rolls out the u.s. is releasing a half billion dollars in military support to the moderate syrian opposition although it's still feared that some of the money might fall into extremist hands investigative journalist matt carr thinks the u.s. helped bring about the islamic state in the first place. isis is not just the asian of syria or isis has its origins in iraq itself in the jihadist resistance to the u.s. occupation when they withdrew the troops in iraq i'm of the so-called surge there was a view. of those groups have been defeated or at least neutralized that probably never really happened and isis has been out iraq not just because it was out in syria but also by the incompetence or terrorism and corruption of the american government in iraq so all these different forces have a situation which is very probable that iraq could fragment into three stages

because i can't see the moment of the time being any kind of am sectarian movement that could overcome the division but everything you are up to shreds. still to come a foolproof test to prove who is a potential terrorist criteria trying to keep yourself private on the internet it seems that's what the n.s.a. may think we'll tell you what shortly plus. as if blackwater's reputation wasn't bad enough the new york times saying the notorious security contractor threatened to kill a state department official trying to expose its kernel behavior during the war in iraq details after the. america's military might and its foreign policy exist separately from one another the us is a formidable military power but sadly its weak foreign policy was that is why i'm not inclined to think the obama administration and. some secret plan directed

against. your friend posts a photo from of the cation you count for. different. the boss repeats the same old joke of course you like. your ex-girlfriend still pens tear jerking poetry keep. nora's. we post only what really matters. to your facebook.

friends kept coming up we discuss banking secrecy and find. as well as facebook abuse fourth of july but costs and of aryan american tim cabbage gives us a peek at his a forever bulging. bob ross is the latest country to recognize the phenomenon that is the big quine the plan here is to figure out how to approach the verge of karzi with regulations so as it stands is not illegal here unlike in china where it's officially banned or says the first vice president of the bank of russia said it's impossible to deny this instrument which might have a future although having said this that dulls still seem to be an air of caution involved to it regards to its use on the black market for illegal drugs to our weapons so for more on the coin i'm now joined by currency expert the and in the world so do you think bitcoin has

a future here in russia that. i actually think and read the cautious statements from the russian central bank more as an acknowledgement that monetary innovations are really a prerequisite for economic stability and resilience and then again calling us only one of the many that are on the mend to come. already had six positive experience with these occurrences particular in the transition after the fall of the soviet union so i guess this is really just a new phase of actually acknowledging this directly and of course but cohen has the big marriage that's asking the regulators to make a public statement about this and paycheck to free in this field but also this week we had a big day didn't weigh getting thirty thousand. but he's pledged to go to the emerging markets with that he's going to going to india south america parts of asia as well do you think with the big oil and that's where it belongs pretty well that depends how you define corner of course if you talk about the payment protocol of bitcoin

this has huge benefits for the financial access and some spread in these markets we have traditional banking sectors we need training most of the population with our experience in developing countries particularly in kenya and south africa and brazil and it's really more of the credit comes with. interest free and collaborative issues credit that helps local communities together to come in as a payment system is a review of great adventures there that's also partly why we're here at the university of. payments for our foreign students because that is way easier than using traditional banking systems and now europe should update its laurels to reflect the rise of digital current is that what the head of a big coin startups head off a successful us. do you going with this is it seen as broadening the a pail of bitcoin is now the time for more regulation. we're absolutely in favor of revising regulations in the light of these new currency that just came to to the playing field with bitcoin making the news so prominently but

they have always been these conversations about the polar currency that we already know of in europe now we're engaging actively again with the regulators in our you partners to show the central banks and the f.c.a. and the a.f.p. on. any kind of currency from time banking to local currencies to business to business currencies and bitcoin has the right in an ecosystem of finance and actually delivered to their policies and to their communities on the ground directly and that has to be recognized in the legislation which is still written in a way as if money was only gold and it takes a quite a lot of effort to revise the terminology and understand better what money actually means i have been divil thank you so much for talking to us from sunny london today we really place a bad as we know with the basic line it's a working progress isn't as we always say. absolutely some everywheres in it has been a week of banking fines foes france's largest bank. agreed to pay

a record nine point five billion dollars to u.s. prosecutors the settlement is over allegations that france's largest bank violated trade sanctions that were imposed against trade with sudan iran and cuba and then later it was goldman sachs time the u.s. bank was fined eight hundred thousand dollars by u.s. regulator for failing to ensure the trades in its don't rule took place at the best price outdoor pools are trading areas that keep prices private but they're still expected to offer the best prices available on the u.k.'s barclays could be next the british bank is accused of falsifying documents missed representing benefits to clients including pension funds in response to the finding of the case shares of the bank dropped five percent. funds in russia then banking data will soon no longer be private the tax man will now have the right to demand access

to anyone's account details at any time washing banks who also have to inform the tax service about the opening and closing of savings accounts within three days those procedure is aimed at preventing tax evasion so i'm joined now by mark rubenstein from your bank here in moscow. the question is will this measure stop tax evasion harry muschamp. move rather this moves there you definitely going the direction that. russian government now wants this is already in there in their tax reform to go into there is a direction there there is that they're going to be wider areas of texas authorities to their records not only. of companies about of individuals as well have a skew this is copying the current legislation of the state the state in terms of a lot taxes in the in the developing countries where. in most developed economies

tax authorities can gain access to the individual accounts i think. this will certainly. stop a some tax evasion in russia i think it will certainly send another signal to tax evaders and they will be forced to be sort of more inventive favor the fee if i could say that but it definitely and will have some impact in terms of tax collection do you think that it is invading people's privacy do you think it maybe is a step too far. well we did it certainly it certainly is and that it is invading people's privacy. my view is that access to bank accounts should be only giving into the tack of stories when there

is a little brown said and investigation and. has been started he used to haitian terms of a tax evasion so it's got to be order. that would go low allow the tax that stores to get access to people bank accounts i was just giving tax authorities plane for mission to gain access to hating bank account of a change of egil i think that definitely he's an invasion of privacy and i came out quickly that that thank you very much indeed for your time today talking to us from some of the most guy this time and on to a different type of fine entirely the next time you fill time to keep posted a little abuse on facebook page well don't move. just because it is not nice because you can't end up with a hefty fine for doing say a thirty year old man from ireland has been forced to pay over two and

a half thousand dollars for posting a piece on his ex girlfriends page i don't know he just the friend the ex in all honesty is no way better that way this guy is the culprit is he wasn't happening here russert the story of his post of russell is determined to solve the problem of missing post and is ready to pay over half a million dollars for a brand new mobile app to track parcels on their journey that apple cake the nearest post office and the syrian government has signed an agreement with the russian company statoil gas the deal is to construct an irrigation project to fight drought in the northeast of syria and is worth over two hundred and a half million dollars russian problem could get the sat one of the projects of germany's winter small in argentina the deal would reportedly be part of the exchange of assets between the two gas mage's and talking of gas probably the price

of china will pay for russian gas was revealed this week the various reports point to the same price it is paid by germany currently it was thought that china would pay much less to a country that has been buying russian gas now for forty years. time for ten what you've been up to this week all last week it came up superstar all russian steel which is a great name for both the steel company and eighty's action movie or russian steel but the interesting thing is due to the crisis that's happening in ukraine a demand for steel increased and so they were up by three percent and i made about five hundred dollars if you could believe that so you're also one interesting thing about superstar is they're not only a couple but they have their own dedicated hockey team not just some team that they put their our logo on the jersey but let's see who are going to invest in the this week you don't think we need to maybe stack the deck with a couple of companies that are less successful because we just keep winning.