so unprofessional i was a assistant secretary the united states treasury i was added to the wall street journal this is not the way no important news is released ever. coming up one arent international a cease fire for war torn gaza still hangs in the balance amount and israel failed deal to extend a humanitarian truce mediation efforts from the united nations. bring you the full story in about fifteen minutes time in the meantime though it's venture capital with katie pilgrim. government system is to help poor people poor women but they're going to change their lives and nobody is trying to make money out of them those who want to make money out of them but. time to begin to go and shop to do that and we're all forced to move.

the ball compared to counsel i'm capable of rape this week we'll be discussing the conflict between person from the weapons contracts to russia. saudi arabia opens up the stock market coca-cola loses its russian fish is it going go sky high and tim cabbie when he talks about drugs to stay tuned to the details of all of. the e.u. is set to tell that state owned russian banks the measures will european investors

from buying new debts or shaz of these banks access to capital markets and energy technology will likely feature in the new set of e.u. sanctions now this calms the. same way that the fight against secret offshore accounts has some promising results thirty seven billion euros was collected by governments across the world new details were unveiled of the next phase of the global crackdown on tax evasion which will allow the automatic sharing of data but we're now going to discuss how new sanctions on the fight against tax evasion it could mean more reason to transport money and they can make well i'm now joined by peter pan off the chairman of the board from the time a great so before we move on to tax evasion we're going to touch upon that just a minute or two we've got these e.u. sanctions that you finalize as we speak what will they do to the russian economy i don't believe those sanctions will be at the full scale and too harsh on the

overall russian economy. believe that mostly a mainly state owned companies will be targeted and something else to keep in mind when russia is a huge country and the sixth economy in the world so in any way if you would like sanctions to be effective and really course pay for the economy economy has to be isolated completely it's close to impossible to isolate the russian economy completely from all markets for all financial markets for all the just to codes technology sources etc so all these sanctions will only go half way anyway. then in case of russia a big country with the big economy russia will definitely retaliate so these sanctions will be two way to where you and russia will find ways to course be for our european union and at some point a five minute states i want to move on to tax evasion because i did mention this week there's been some new measures we know this but i glow bullfight against the

anything that politicians as national politicians seem to agree on these days. most sanctions more rules and regulations that sometimes means the more breaking off do you think that because. there are going to be more hurdles that people will be more inclined to jump out of those had and finally poles to get rid of that money elsewhere to pop a secret i don't know even if i say it's impossible in russia i would not be honest and frank with you indefinitely it is but russian government successfully was fighting against the shadow areas of economy over the last decades and the current russian tax regulation is actually target towards limit is much bigger much more profitable to be open and transparent throw than go into the shuttle so business is very vocal and russian government is listening to business and the trying to implement measures for d. offshore is ation or increasing taxes changing with the very close contact and

dialogue with the business and business is very vocal about saying if you push business to too hard business can go and stop being transparent and go into the shadows of space both of these topics sanctions and tax evasion as far as russian money is concerned all means more money going to asia. most likely more likely i think russia has a great opportunity to find itself in the eastern markets. find investors in the eastern markets find new partners in the in the eastern markets because unfortunately i don't want to elaborate on the cause of the sanctions is beyond my area of expertise but i think the message is very strong that under certain circumstances western parts of this can pretty much give up on russia and drop the contracts drop right grants and russia will definitely retaliate short

term because we know sort of rumors that russia can nationalize some of the. international oil and gas companies including you know x. and mobil shelby pete cetera is going to very pay. that would be a disaster they wouldn't know what that will be decisive over body and it's not nobody wants this that's why wes should think twice about rushing to do hard to do for the typical thank you so much for coming as they did so much i was able to say to us on day to appreciate you coming into our lives. and staying with the conflict surrounding ukraine but this time between verse in front british prime minister david cameron criticized france for it said of two warships to russia but across policy parliamentary report later available more than two hundred u.k. licenses to sell weapons to moscow remain intact just to give us an idea of how huge the global weapons industry is we'll have a look at the countries that make the most money so as you'll be able to see the u.s. remains the largest exporter of conventional weapons in the world accounting for

thirty percent just that or about seven billion dollars a year russia is second with twenty three percent which is about four point five billion ringgit then is germany france and. so considering these numbers despite all the horror that's happened over the last week or so it's clear to see why there is so much tension over these multi-billion dollar contracts so for more analysis on now joined by rodney shakespeare political allies from the global justice movement ok mr shakespeare there's lots of pointing and blaming going on at the moment thought in your opinion politics aside should be stopped to russia right now. well i don't think you can avoid the politics i regret the assumption that we should be talking about trade relations and sanctions against russia it's not russia that's conducting a deliberate extermination of the women and children in gaza it's not russia

conducting the slaughter of millions hundreds of thousands perhaps in syria and iraq and it's not russia that proposed the elimination of the russian language for ukrainian. and speaking to people and you notice how the rhetoric is changing on the downing of that plane as people ask the questions as to why the plane was directed over a war zone and why they lowered the altitude of the plane but your questions us regards sanctions. the reality is is that in the long run that the west will lose out on the sanctions that europe cannot afford a sanctions france can't afford it if it lost that one point two billion for those two aircraft carriers the u.k. is being totally hypocritic hypocritical it has two hundred fifty one the ongoing contracts for sniper rifles and drones and the bottom line of course is that russia can strike back i cannot her lies assets of

a shell and b p so i'm afraid all these sanctions talk is going nowhere it will be a loss to the yachting club down in cars and the isle of wight and the hong kong yachting club will benefit but those individual russians because that's all sanctions are and amounting to who are sanctioned what basically where it is a badge of honor i happen to think the in this matter in the long run the cards are held by russia i can i say in my call to britain and france going at it this week do you think i'm going to presume you're going to say yes that cameron has been hypocritical and what he's been saying given that you said the two hundred fifty one contacts that are still in tax. but it's worse than hypocritical because cameron is playing the zionists position and the americans and his position of the expansion of nato behind this is the putting the pressure on to russia

expansion of nato it was in georgia now in poland latvia lithuania and of course they're trying to put missiles into ukraine that east. what is really this is about so it's worse of hypocrisy it's about being part of the nato expansion and that's why they're trying to pressurize russia but they are losing on this politically and they are going to lose in the long run particularly as the brits say they've had enough of the west and later decide to make a very different we'll leave it there mr shakespeare thank you very much indeed for your thoughts on the topic very much appreciate it. on the sky's the limit for bitcoin latvia an airline abdullah take has announced a jet setters can stop buying their tickets with a virtual currency at baltic is the first line to. coin payment option

a loss mom travel giant expedia began accepting bitcoin for hotel bookings and began accepting the currency for flights bookings. saudi arabia's stock market will open up to foreign investors for the first time the saudi market is the biggest in the middle east the second biggest in the world that is close to direct foreign investment that's off to china the move is part of why government efforts to diversify the sound economy away from oil and now we're going to talk about corporate news and what's been going on here in moscow what has occurred i suppose that has reported a twenty five million dollars loss of the company says this is down to that restructuring. making business in the country. have signed an agreement aimed at speeding up deliveries the websites of vice president when he joins hopes the deal will help the company keep up its rapid growth in rough so

russia metals july seventh all is finally offloading it's the rest of the us it's on sale. around two point three billion dollars it's a five province. time to get to the bassist ask him cabin and also the will does it on pills is that right yes it did we got a ph yes farm standard and to be honest i never really thought about it but they actually make a lot of the medicines that people use in russia and my wife swears by their immune system booster are good all but unfortunately i lost one hundred dollars their stocks went down just a bit so i'm actually get a little scared katie because look yes slowly over time one hundred dollars hundred dollars or dollars it's getting whittled down to nothing but let's see what we have this week oh no no no not gross now. why on half a day because they are on the bad end of sanctions if my memory serves me correct

so i don't know how rough sniffed is going to perform my next means oil and they are one of russia's biggest oil producers so let's see next week you never know all is usually pretty reliable but. listen you've got a third week of the kleins i get i can tell that your company and the wife are going to have less to be careful more confident but like i said every we go to dollars disappear is disappearing it's not good it's not good so what are you going to do about the little bugger do about it my my my destiny is in the wheel but i think i need to maybe stack the wheel with more guaranteed winners here saying. the wheel picks but i pick what goes on the wheel. that i can all right good luck of course we do you have sanctions that take it that's how in the sun and as the how you get on next week was that we come up both wake of decline so good luck oh thank you all needed. right that was ten i think for any and thank you for joining me and

because they changed the morning's updates coming your way. death row inmate joseph would rise in pain during a two hour execution this prolonged suffering was not part of the player and not constitutional but an accident and not quite the unique wanted that just this year in both oklahoma and my native ohio there have been botched executions due to complications with lethal injection one judge alex kozinski who voted to give would a stay of execution due to the questionable nature of lethal injection drugs said that the good old firing squad would be a lot more humane and.