today's news on the week's top stories on. two hundred ninety eight. controlled by. the. troops. in the major.

three hundred forty. thanks for joining us. flowers are laid upon dead and the scattered remains of two hundred ninety eight people these are the scenes from the site of this week's tragic crash of a malaysian passenger jet in east ukraine eighty of those on board the airliner were children russia and the un have urged for an international investigation and a team of observers arrived at the site on friday it was obvious that i'm on course out of now reports local supper club authorities say international involvement has

been very slow in coming situation here and the plane crash site is certainly a different from what we encountered say in the first and the second day the area is now cordoned off by plainclothes militia i imagine and the bodies of the victims on the bodies have been taken away for the self-defense forces and control of this area say they've made several appeals to the international community to get it seem of the experts here as soon as possible sense of urgency is boosted by this year in some thirty degrees and the bodies of the victims are starting to decompose rapidly and was able to do so when we want a comprehensive and objective investigation but we don't feel like there's enthusiasm among the international community in experts several dozen experts who are currently in kiev we're asking them please come here faster we are surprised

and frankly angered that we have to keep the area untouched while we've been waiting for them for so long meanwhile kiev has already rushed to accuse the end to government forces of meddling with the crash scene. of pro russian fighters are not allowing investigators to collect and transfer the evidence they're also not letting search and rescue to leave the area the groups are currently working under the threat of armed force. since then claimed republics have said they will guarantee the safety of international experts but for now the only international groups to make use of the scene of the crash is their organization for security and cooperation in europe the always see but it seems that right now they can do a little but stand by and watch although there is very little as we've reported there's very little security on the perimeter of the cross site we did notice that when he arrived today there was a cordon of armed security personnel both sides of the road when the process was

basically as follow is that people go out to the body be photographed take video with it and then the body is placed on the back and put beside the roadway is a brief from the plane is screwed over its words a kilometer radius which is likely to slow down the investigation and that large area is right in the middle of the conflict zone all this means that a clear analysis of how this plane came to crash in the field in eastern ukraine is unlikely to come see if indeed it comes at all and that is a heavy burden for many of the relatives of the victims who plan to come here to the scene of the disaster from on costs or of eastern ukraine let's have a look at the chronology of events in the run up to the crash it was a twelve fifteen pm local time the plane left kuala lumpur for twenty one pm ukrainian time already oh and radar contact with the flight was lost within the hour of the crash site was located and there were no survivors by eight pm both

kiev and government troops had denied shooting down the plane instead pinning the blame on each other in the process of identifying victims pick up ultimately leaving to notify hundreds of grief stricken relatives and leaving those who witnessed the crash in a state of shock. he solution a little caught i heard terrible noise i went out first and then my has been well the woman fell to the ground right after i ran out i was in shock i couldn't go further than my yard but it's a soon as we went out of the house we saw a body lying nearby it must have fallen from a very high altitude now you can smell the odor over here there are no words to describe it and finally we were swimming and we heard three distinct trogs have actually not sure it's more like explosions and then we saw the plane for all its wing was falling off and then we saw the blacks remote and that's all. at first i

didn't notice anything my son went out and said mom there is a body in the kitchen there was plastic everywhere i thought it was just a pile of rubbish but then they and the stew that it was a human body without a leg and whose arms twisted and broken it was a man who fell out of the plane and through the roof it's a murder a real murder now for malaysian airlines the plane crash of an age seventeen is the second disaster in less than five months it was in march that flight three seven zero disappeared on its way to beijing both cases certainly leaving more questions than answers as artie's elected a chef q now reporting from kuala lumpur. inside the kuala lumpur international airport right now nothing speaks of the horrible tragedy of thursday it works without disruptions this is different to the situation in march when the other malaysian airlines jet went missing relatives of those on board were literally

beseeching the malaysian airlines offices back then they still had hope of seeing their loved ones alive. there's no chance of that for the families connected to thursday's tragedy over ukraine but what unites the two apparently different disasters is the fact there are far more questions than answers starting with the mh seventeen jets flight path you move. and didn't see by the local pool and never. believed that. you can see the plane. but if that route was safe and many other jets had flown it on the day why had several airlines decided to change their paths malaysian authorities claim the plane was flying on a set route but flight tracker data published online suggests the path could have been changed to three hundred kilometers further north. community.

we are going to. carry. some carries. very safe flying. across ukraine but if the flight trajectories more a matter of speculation right now one alteration it made has been officially confirmed in years to fly. but. still we have to be on board. indeed altitude changes on request is a common practice but the malaysian authorities have received no clarification as to why it was ordered on that day supposedly minutes before the jet went down most relatives of the passengers of m.h. seventeen have now gone to ukraine to identify the bodies a team of malaysian investigators is following them in the hope of shedding at least some light on this dark story. yahtzee reported from kuala lumpur in malaysia

. and so far there is no conclusive evidence but ukraine is claiming that anti-government forces shot down the plane speccing as accusations on several bits of unverified information shortly after the jet went down. ukraine circulated what it called a leaked phone call in which the opposition fighters allegedly admitted to firing on the plane a video released by kiev purports to show a book. surface to air missile system in eastern ukraine with one of its rockets missing and the plane crashed on territory controlled by the opposition and kiev claims that's enough to implicate them despite the fact the ukrainian armed forces also have a very heavy presence that i want to be asian expert told us simply the plane could only have been shot down by that of a professional career. someone very likely probably four to six months in a technical school or trained by that person because it's

a probably complex system it's not just hey boats just push through and then everything happens you have to be able to operate the radio or identify the target and then shoot you turn it down once the miss on and be able to track you on when to tori so that person not really need to know how to operate in operating. and here's a list of the nationalities of those on board the ill fated act raft of the majority of them one hundred ninety three dutch forty three victims including all crew members malaysian there were twenty seven australians and nationals from britain germany the philippines and indonesia the plane crash is one of the biggest tragedies for the netherlands and artie's peter all of it now reports from that. the devastating news no one expects to hear a. malaysian boeing airline has been reportedly downed based on

loiters and interfax a malaysian airlines flight with about two hundred ninety five people on board has crashed grief spills over as family and friends of those on board m h seventeen make it to the airport in amsterdam at the scene of the crash passports strewn among the carnage each one a painful reminder of a person who died and each of those people leave behind friends and family it's in small communities like this one that have been directly affected that the real human tragedy becomes clear neil tall and her partner course children were on the flight outside the flower shop they owned floral tributes pile up those who saw them day on day a left stunned we couldn't believe what's happened. rumors spread quickly on the facebook in the morning to see outside the nose of a flower. then you know it's it happened for real in the shop window

a sign for the postman drop the mail off next door we're on holiday there were very lovely people and. you know i did want to just to just enjoy a holiday for two weeks and come back and say to pick up the post and i had a great holiday before stepping on the plane shoulder posted this message on facebook it's understood and is told had been uneasy about the flight following the disappearance of a malaysian airlines jet early at this year. family members stand sobbing in front of a book of condolences they told me they just can't bring themselves to speak on camera it's not only those who lost relatives in the tragedy who were grieving the netherlands is in a state of disbelief following the deaths of nearly two hundred of its citizens in the disaster we were all shocked and i have very much. because especially for me. it's really. strange because my father and mother have been

on the this same flight many times. from the it's so shocking so many dutch people were on that plane this tragedy has affected our song. when you think about it it's not realistic people just the public airplane taking it down in this small country of only seventeen million people it seems nearly everyone has been touched in some way by this the worst disaster to affect the country in its recent history teacher all of a party netherlands and i made an outpouring of grief and before the start of an official investigation the u.s. claimed it had evidence that m.h. seventeen to be down from territory controlled by anti forces details here with guy nature can. before investigators made it to the crash site the u.s. announced to the world where the deadly missile shot came from evidence indicates

that the plane was shot down by a surface to air missile that was launched from an area that is controlled by russian backed separatists inside of ukraine but the u.s. president stopped short of saying who pulled the trigger we don't know exactly what happened and yet u.s. officials all but to accuse the rebels in eastern ukraine and russia by so see a showing of having shot down the plane president obama based his suggestions on incidents of ukrainian military jets that the rebels recently shot out of the sky a group of separatists can't shoot down. military transport planes or they claim shoot down fighter jets without sophisticated equipment and space good training and that is coming from russia russia says kiva is responsible because it launched this military operation in eastern ukraine and the u.s. supported it moscow has also raised a number of questions for key have to answer including why it hadn't closed the

airspace over what was clearly a war zone the jim gray why did he create an air traffic controller send a passenger flights to an area of military clashes an area which was used to carry out strikes against civilian targets and where there were anti-aircraft systems operating all members of the un security council including russia and the united states have called for a credible impartial investigation of the disaster it will take time before any results come through but the blame game is already in full swing down to check on washington d.c. and a storm of accusations a major unleashed by the mainstream media who picked up on the words coming from the u.s. and from kiev which has blamed all on anti government forces amid claims they're being supported by moscow now editor of the global media in media channel daniel schecter he believes war mongering is only making things worse. many in the media

in america are already blaming president putin personally for this as if he is responsible but without any evidence to back it up and of course the ukrainian president has blamed terrorists whoever they are. trading of accusations between new craney and military and the so-called separatists in the east of the ukraine obviously to needs to be some sort of a kind of ceasefire there and a real serious investigation if you want to get at the truth this is a very politically laced subject that really requires this passionate international investigation and i thank for joining us here in our international katie is coming your way next with a breakdown of the very latest business highlights. coming

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hello welcome to venture capital with me to go away this week at the business world that we witnessed the creation of a new bank in brazil also coming up in corporate news across styles as well as travel chaos for robson's and diamond trading but the russian market is slumped to this week in reaction to a new u.s. sanctions the company's targeted dropped the ruble declined and the russian my sex to a six week low as investors lost confidence and as international tensions intensified with the tragic malaysia plane crash the global markets once again panicked as far as the sanctions are concerned they can choose a major banks and energy companies were targeted as well as the russian defense ministry i'm now joined by alexander proles vehicle for more analysis on how russia will be affected and indeed the u.s.

companies tell me and michelle market reaction what was your reaction to it well there was a little i think in the first minutes of the first hour as we sort of markets collapse in terms of the russian bar equity use of the ruble but the make even though it was after the sanctions bill and you know we saw some parallel sort of plane crash story after it was an after market street in a number markets still three percent or four percent but it was absolute essential so it was like a seven percent drop we saw will fall about two percent but as we see things the fall of the plane crash the market actually started to rebound from the low. for the stabilization going on in the street wise in a little bit there are a few factors first of all there is not much for morning in the markets anymore all four of our investors that are left after the core of your situation. they work on the fish be forced to sell their russian holdings not only and i call to use them bonds if we look at that we will the people started to panic because they still

something's going to happen and sanctions the bulls will be started to buy dollars who will definitely the people bought more than twelve billion dollars cash if we compare that to last year it was only one billion dollars was wild times more these are people holding the dollar cash at the moment in the receipt of the ruble is actually strengthening and what do people do they look at the deposits raise the rates are much bigger than the dollar raise and they're holding dollars are not rising anymore the rates are low they are have a there or they want to go back into bulls so this is actually what started us where we see a bit of a double strengthening. these are one the other is that this is one of the factors other factors we see that inflation is picking up of our share of the picks up people tend to spend more because their savings basically just inflate away what can we expect on monday for the markets and. i think markets will stabilize and if we look at the equities they will use our already if we compare them to say breaks to central for europe and to turkey these are this is what we compare them to work

with they are a sixty percent cheaper in terms of price for equities in a forward looking twelve months basis will they be you can look for local some like swirls make it because of the even though said more than seven percent in dollars and its leader has the fastest growth rate of the p.s. so it is one of the best os stocks and we have some of those on the market and people tend to invest in the old and they don't really look at the sanctions because they look at the fundamentals so sanctions that how serious are they for the russian economy they are pretty serious because we're much closer to the third phase of the sanctions that was discussed by obama recently we're not there yet because we see that your opinions are not really supporting the sanctions you are want to because they will hurt their economy obviously prices the russian economy our business that exactly how europe is so dispersed we see some some of the nations who want the sanctions on iran some who realize that they will so much for their. their countries or home countries they've been lost for them yeah but but the us is really pushing. it was already pushing for the third phase of sanctions

what would be that what would that entail do you think it will block all the possibilities to attract foreign funding for the russian companies so we're not we're now we are really not able to track funding for. those four companies that were sanctions in a in the last week of this week yet but hopefully they're still u.s. businesses can deal with them one of the bases does not block source can do together still they can do you want to be since they can give them funding up to buy the strike is a good bluff one of these days is this is the long term investments that at the problem that are being targeted you're looking for as these companies who are on the least they don't need any funding because if we're looking for what's next for example they need to pay this year just one billion rubles and they have free cash on the recounts forty three billion rubles already so this is just a small portion of what all of that they have for this year so this pensive money on the balance sheet for these companies yeah but there must be some effect

otherwise mr obama wouldn't be doing this we'll take it as a clear sign that we're getting ready to isolate you from the rest of the world of the rest of the world doesn't want to see us isolated. wishing that. if the third. phase comes of the sanctions of course is going on it's going to hurt the economy yeah because we will have to find ways to finance that there is that we have overall we have a little more than six hundred million billion dollars of debt in the long term now reserves are approximately four hundred billion dollars so we will carry them over pretty solid terms of our fiscal policy in terms of the houses that we hold as a complete even though considering the private sector debt but still it's going to be of course it will hurt the markets and when we took about this round obviously we've had the tragedy of the plane crash as we know i if we talk about the third round what that. third round ever reach the stage the iran is out with embargoes and sanctions or is that why in the future i think that's

a sanction i think it's way in the future because russia is not really doing anything that might provoke that. even if we look at the ukraine situation obviously russia wants peace the only escape is all the international events which it has been saying that all we want you guys is to cost of the table discuss we don't want of this war games is going on and what happened to the plane crash i don't know who is responsible for the year but i think that the control of the air security of the people who led the planes fly above this war zone normally in the planes has been have been hit this week and last week although i will wipe away the . planes fly there so maybe it was possible too but in case like i like you were a clinton said this week if there are any linkage to russia of this attack europe should have sanctions on gospel it's hard to understand how grasp it was. once it was that responsible for that but still that's what she said because economic

sanctions in her view will hurt russia i have heard the russian means that the war will stop i don't need to go to a weapon isn't an economic sanction if you will in this times of war thank you so much indeed for coming into the studio today really appreciate that alexander prince vehicle and here is my pleasure thank you. the brics bank was launched this week that will end to change the globe's financial infrastructure the development bank will rival the i.m.f. or the world bank and office supports the emerging economies the development bank will have initial capital of fifty billion dollars that could rise to one hundred billion funded by each nation if we had cause it in shanghai china with the president c initially held by india there will also be i reserve funds for the five bric members to. as a mini i.m.f. i spoke to professor of economics well enough suffer his take on the significance

of this new financial institution i think that is actually increases the potential influence at the world bank and the i.m.f. which is what i think that they all saw is one of their goals their goals is to create independence of pieces for financial action but it also live in order reaction to the fact that they do not have that much power in the world bank of the i.m.f. and i expect there will be a good further accommodations going forward because the rest of the good the world wants the brics to participate in the broader multilateral institutions whether the opt out and i think. the bric countries have more than enough resources just or hold a growing presence in. the rubric of the i.m.f. as well as a degree shouldn't these types of institutions is looking they could be focused much more on their of the jugular needs in the coming decades i.k.

time for some corporate news and it was the problem in the u.k. to stop with the sequoia the sequoia superjet one hundred aircraft may take off with european companies and it is time eight aircraft will be supplying to russia's and mission finance code leasing company airplanes about two hundred ninety million dollars suit choir's wrapped up a total of one hundred seventy nine orders for its planes at the say around russia's second biggest to adeline's chance their eye has ordered twenty amp us a three thirty at cross during the ash the transaction amounted to a seven billion dollars which maine's trans era is the first year paying customers to order the new modification crossed with increased fuel efficiency. prices all this travel agency never has gone by. which means thousands of facing a holiday nightmare twenty thousand people have already paid the tools that may never happen in

a shop economic downturn and increased competition to blame i came mr diamond's team cabaye let's see what he's been up to you i was out in the sun i was in most cases you have a good time you were here slaving away as usual what did you do well ok and i usually leave most of my life in the darkness like a troll but that's pro-choice we're no more exciting that a little bit to be honest what anyways last time we got all rosso which the previous time performed well but this time it would die out a little bit when you've got eighteen thousand dollars going down a little bit means one hundred thirty two dollars but the i'm not too worried about it always you see we've got some new companies here on the wheel which is great especially meat gotta love the i haven't had lunch today so that's all looking fantastic so let's spin the wheel and see if we get a new russian company that we've never seen before or you want to. know psychically want to meet us there's no reason what else we want you to be added to take do and here's what we get if we eat too much meat and upset our stomachs the pitcher farm

standard company which makes a lot of medicines are good in ones of for your stomach and especially for headaches which i get pretty often actually interesting think about russia is medicine here is very affordable compared to some other countries russia that states where i'm from so this could have interesting results that is sort of worth it or are they going to try to do more like the western model and bump the prices who knows but i'm kind of curious to see how this stock will perform i'm fareed zakaria said always been fascinated by pharmaceuticals and they're incredibly lucrative companies and that's certainly what we all need to keep it's nice and healthy so i hope it's healthy for your portfolio we don't want to week of declines in the competition you know i. don't either but the thing is like i said when i lose i lose a little what i gain again big sources are things that i i want good luck thanks katie thank you for that ten.