about eight hundred in america but as the economy recovers the market is growing steadily the boston consulting group says the russian car market could become the world's sixth largest by twenty twenty selling about four million cars a year this will come on the back of foreign partner ships modernization and more local production if these you know will be a hybrid cars prove to be a success and that will definitely help russia revive its auto industry and as the country's first hybrid it will be a step forward bring up cost service business are seen. in. germany between ford and russian car makers sold as is being given the bruised they've secured a one point four billion dollar lot of credit from the if your company's agreement of a deal in february and time in production will start next year. the benefit is that forty's gaining from the joint venture agreement with solar so basically access to cheaper financing ready made production facilities stronger this review sion player and also strong political support in the face of solars for solar so on the other hand ford is actually quite a good replac

about eight hundred in america but as the economy recovers the market is growing steadily the boston consulting group says the russian car market could become the world's sixth largest by twenty twenty selling about four million cars a year this will come on the back of four important ships or a nice asian am more local production if these you know will be a hybrid cars proved to be a success and they will definitely help russia revive its auto industry and as the country's first hybrid it will be a step forward during our course servant business our team. the. same with cars the joint venture between ford and the russian carmaker solo's is being given a turbo boost they've secured a two point seven billion dollar loan from the bank almost half of that money will be aversive directly into production assets and some companies agree the deal in february and production will start next year as hopes explains. main goal of the joint venture is to double its market see here in russia of the next five years that's a lot of the man you. are looking at the price is. likely to be just the right price to take a

about eight hundred in america but as the economy recovers the market is growing steadily the boston consulting group says the russian car market could become the world's sixth largest by twenty twenty selling about four million cars a year this will come on the back of more important ships modernization and more local production if these young will be a hybrid cars prove to be a success then there will definitely help russia revive its auto industry and as the country's first hybrid it will be a step forward not all serve all business art scene. in the. meanwhile the market for motors and ross is speeding up the association of european businesses says sales jumped around fifty percent in may from a year earlier and russia's largest automaker after vos remains the best seller of the foreign brands accelerating sales for general motors rose eighty percent compared to just thirty percent growth of afterthoughts. taking a look at the markets now crude is continuing continues its rally after opec failed to agree on increasing output raising fears of supply shortages later this year light sweet is trading

about eight hundred in america but as the economy recovers the market is growing steadily the boston consulting group says the russian core market could become the world's largest by twenty twenty selling about four million cars a year this will come on the back of more important ships modernization and more local production these young will be a hybrid cars prove to be a success then there will definitely help russia revive its auto industry and as the country's first hybrid it will be a step forward during that call serve all business artsy. venture between ford and russian comic a saw as is being given a turbo boost they have secured a one point four billion dollar line of credit from the bank the two companies agreed the deal in february with the intention production will start next year and i'm going by van going to from. now i don't hear about what is for installers each get from the state. oh that's a very interesting project because in this case. is being launched is not a conventional hybrid car which is already sold at substantial volume soon other parts of the world. like loop are actually

about eight hundred in america but as the economy recovers the market is growing steadily the boston consulting group says the russian car market could become the world's sixth largest by twenty twenty selling about four million cars a year this will come on the back of four important ships modernization and more local production if these young will be a hybrid cars proved to be a success and there will definitely help russia revive it's our industry and as the country's first hybrid it will be a step forward not all serve all business are seen. in the. top of markets are performing crude continues to rally after opec failed to agree on increasing output raising fears of supply shortages later this year a light sweet is trading at above one hundred one dollars a barrel and grant is around hundred eighteen dollars. in asia stocks are broadly lower the hang seng is down for the sixth day in a row airlines are suffering from high crude prices with china down around four percent worries about u.s. economic growth are weighing on japanese show as strong the yen is pushing exports lower sony is losing arou

about eight hundred in america but as the economy recovers the market is growing steadily the boston consulting group says the russian car market could become the world's sixth largest by twenty twenty selling about four million cars a year this will come on the back of foreign partnerships or in isolation and more local production if these young will be a hybrid cars proved to be a success and they will definitely help russia revive its auto industry and as the country's first hybrid it will be a step forward bring up all serve our business our team. and. the. same with cars the germans have between thawed and russian carmakers solar's is given a boost they've secured a two point seven billion dollar loan line of credit from the bank almost half of that money will be invested directly into production assets as you companies agreed a deal in february intending production will start next year. the benefit is that ford is gaining from the joint venture agreement with solar so basically access to cheaper financing ready made production facilities strong this revision player and also strong political sup

about eight hundred in america but as the economy recovers the market is growing steadily the boston consulting groupsays the russian car market could become the world's sixth largest by twenty twenty selling about four million cars a year this will come on the back of more important ships more in isolation and more local production if these young well below hybrid cars prove to be a success and that will definitely help russia revive its auto industry and as the country's first hybrid it will be a step forward bring up all service business r.t. . i don't feel like inside the joint venture between ford and russian carmakers solis is being given a turbo boost they've secured a two point seven billion dollar loan line of credit from the back almost half of the money will be invested directly into production companies agreed that they were intending production will start next year as katrina helps explains. the main goal was the joint venture is to double its market see here in russia of the next five years that's a lot of money man you're. looking at the price it's of. like being just the right nice to

gilded age one hundred years ago and in fact i want to get into that in some detail here the boston consulting group calculates in its newly released eleventh annual global wealth report that wealthy households worth over a million dollars increase their share of global wealth in two thousand and ten from thirty seven to thirty nine percent of all the money in the world how does that happen well the world is in a slowdown and unemployment at an all time. i think it's because the rules of both national economies and the global economy have been tilted to benefit large asset owners at the expense of wage earners and the poor so the inequalities we're talking about are global trends you have a fabulous lee wealth the tiny little you know couple hundred thousand households really that have huge percentage of a global wealth and they're using that wealth and power to perpetuate that male distribution of wealth so it's sort of like a dynamic situation where the more wealth concentrates the more power concentrates the more wealth concentrates until the bottom ninety nine percent but out of ninety eight per

their part in the massive wealth inequality around the planet according to a new study by the boston consulting group around one percent of global population controls thirty nine percent of the world's wealth and the u.s. beats pretty much everyone else here the top one percent own forty six percent of all wealth up from around thirty percent when ronald reagan came into office and began the process of raising taxes on working people and cutting them for the rich at bottom eighty percent of americans by the way have only six percent of this country's wealth a lot of eighty percent down from about twenty percent or one fifth of the wealth when ronald reagan took office and the rich in america are getting richer they increased their welfare by two percent just last year so what can explain this widening global wealth inequality gap is another consequence of thomas friedman's flat earth so-called free trade here to offer his take is andrew langer president of the institute for liberty and you're welcome thanks very much great to have you here with us why do we have a commies what are we commies yeah wel

but according to a new study by the boston consulting group, you have to look elsewhere in asia for the concentration. to be precise, singapore. 15.5% of households in the city boasted more than $5 million in assets last year. that's more than 1 in every 10 houses. singapore is positioned for the booming economy of indonesia, the economies around it and helped boost that figure. let's move on to the number two nation and it counts sepp blatter among the mill their club. just under 10% of households in switzerland have $1 million in assets. the future world cup host qatar taking the number three spot, 8.9% of residents pass the millionaire marketer and i can reveal i'm not amongst that percentage in hong kong that are in the millionaire club. >> you know plenty of millionaires here in london, as well. sadly i'm not one of them either. there you go. >>> coming up next, deep and meaningful, the titanic may have sunk nearly 100 years ago but that doesn't mean you can't visit it. >>> we'll be one on one with a fashion designer who's taken the creations to the film industry. >>> chinese premi