central asia, as you mention, into north africa too.your lesson from investing some would argue far too much of your capital into vladimir putin's russia at a time when nobody i think would really try to argue that he was upholding the principles backed in good old article one about multi—party democracy, pluralism and market economics. i don't think many would argue that putin was fulfilling all of those objectives. but you took that money after you were told you could no longer invest there and you put it into countries in central asia and north africa which again do not come even close to meeting your own founding principle. some assumptions there that need challenging. first of all, in 2012, the last russia country strategy in december, 2012 was approved after consultation with civil society and everyone else, and that had the political assessment in it. there was a lot of to and fro of course with moscow over that. so back then, 2012, in 2012 you were telling yourself that yes, vladimir putin's russia does tick all the boxes. multi

you are big in central asia the5e 5pecific5. you are big in central asia these days. azerbaijan.ou tell me that article one of your charter which commits the bank to applying the principles of multi—party democracy, pluralism, economics, how can that possibly be applied to an economy and a body politic like azerbaijan? we say when we do our strategies, and they are coming forward this year, we look at the 14 coming forward this year, we look at the 1a point criteria. in some ca5e5, azerbaijan will find itself short. we don't actually make a hard and fastjudgement because every country is on a scale are essentially. what we have said about azerbaijan in the past is that they apply principles, though not perfectly. i am not sure that is right. i don't know if you bothered reading the independent human rights reports, but they recently said they are systematically dismantling the country's independence and society. your first article, your adherence to multi—party democracy, pluralism, market economics, ifail to multi—party democracy, pluralism, market economics, i fail to see how t

central asia as you mentioned and north africa too.our lesson from investing, some would argue, far too much of your capital into vladimir putin's russia at a time when nobody, i think, would really try to argue he was upholding the principles back to good, old article 1 about market economics and so on. i don't think many would argue putin was fulfilling those objectives. but you took that money after you were told you could no longer invest there and you put it into countries in central asia and north africa which again do not come even close to meeting your own founding principles. some assumptions there that need challenging. in december 2012 the russia urge strategy was approved after consultation with civil society and everyone else. there was a lot of to and fro, of course, with moscow over that. 2012, you were telling yourself that, yes, vladimir putin's russia ticks all the boxes, fully free market economics, pluralism, multi—party democracy. 0n on balance it did. really? that was a terrible judgement. if it was a mis— judgeme

at the same time a land based network would make its way west through central asia and russia.o see you. this is enormous and lots of money being spent? absolutely. it is incredibly large and as well as that $124 incredibly large and as well as that $12a billion pledged by president xi jinping culliver expectations are cost could run into the billions. leaders from 29 nations gathered in beijing on sunday, it continuing their visit today, to bring china's ran plan one step closer to reality. ——a grand plan. already the chinese president has pledged all these dollars, he did not give a time plan for the distribution. but the run many sceptics who say this is all an expensive exercise to extend china's political and economic influence. xi jinping was using his speech to reassure a lot of leaders, western diplomats to ensure that in advancing the belton road they would not retread old parts but it would be based on new corporation and mutual benefit. a lot of sceptics saying corruption is also a concern. china has already suffered losses when it has invested in countries with ques

is going to expand very greatly, um, we know that this will connect china to any countries in central asiape. however, aside from just a building a lot of infrastructure, what services come out? i think it is a mystery to everybody. a mystery and an ambitious plan from the beijing government. if the us policy for america first pushing its allies to look to china for better global and regional leadership? on behalf of canada, definitely. they have, the us have slapped a tariff on canadian lumber, china is our second biggest market for our lumber. canada has spent decades selling wood into china. the policies of the trump administration are certainly making china far more important a trade partner than they were before. in other business news making headlines the value of that coin has set a new all—time high rising above 1800 dollars on wednesday. industry data shows it has settled back to 1789. it is the second time this week that new highs have been set. market value of bitcoin has increased significantly in four days. owners of snack shack are still struggling. they are still down in new

, that they see the taliban as a bulwark against isis presence in afghanistan, which threatens central asia. the russians are mostly concerned about central asian stability. tim: the previous president, hamid karzai, was very outspoken against american airstrikes. that is one of the most effective ways, as long as there are not civilian casualties. >> hamid karzai has had his long-standing position. at the end of the day, the americans and others need to focus on the political aspects of afghanistan, making sure the unity government is strong enough, that there is good governance, that we can fight corruption, which itself is only -- is a way for the taliban to feed itself. tim: today the u.s. senate was again hearing evidence of russia's interference with elections, but this time it was france that was the focus. -- he described how events unfolded. >> you become aware of that he had become aware of the act -- he had become aware of the activity and we talked to our french counterparts and gave a heads up look, we are watching the russians, we are seeing them penetrate some of your infrast

in kyrgyzstan in central asia, many are dependent on the annual walnut harvest.ry's walnut forest is a unique ecosystem. our reporter, kerstin palzer, went to see it and find out more about the challenges local people are facing. ♪ kerstin: arstanali matkadirov tells us this forest is unique, his voice tinged with awe as he says it. he lives in the world's largest walnut forest in the south of kyrgyzstan. the ancient forest has grown to cover 30,000 hectares. arstanali's life is closely entwined with nature. >> i've lived off the walnuts since i was a child. that's how we earn our living in the village. the walnut harvest is extremely important for us. it's our main source of income. kerstin: at sunrise the next day, arstanali and his brother ikram take us up into the hills. walnut trees grow at an elevation of 2000 metres above sea level. we're in the foothills of the tian shan mountains. the two brothers are worried. last year's walnut harvest was the worst in living memory. this year is a little better, but a lot of the trees have taken a battering. >> the win

these days, many of his investment projects are actually in turkey, central asia, and north africa.

in the area and we signed yesterday and a memorandum of understanding for a major programme in central asiadeveloping a tra nsformative europe, improving environment and developing a transformative project in support of sustainable development. we know that corruption isa development. we know that corruption is a big worry. some staggering figures reporting how much china has lost in investment in the pass. some reports suggesting they use as much as 80% to countries like pakistan. with this grand plan, can china mitigate such losses? well, it has two ta ke mitigate such losses? well, it has two take it very, very seriously and i know it doesn't take it seriously. there is a suspicion that some countries are saying to china that maybe you turn a blind eye to march, that maybe you should take it more seriously. —— to march. maybe you should have a level playing field when you procure some project but ariza wrist to every great plan, a risk in crossing the road. but in this particular area china is fairly to you. we have in the un very good guidelines on how to achieve zero tolerance to corru

it is called a dry port and in the room of central asia, a colossal you drive port is emerging.years. both countries hope the gateway will revise an agent silk road connecting china to europe. —— and ancient silk road. people sometimes ask what this is. it isa people sometimes ask what this is. it is a port without any water. instead of ships coming, we have trains coming. tracks of china trains coming. tracks of china trains are different to the tracks and kazakhstan so the train is coming from china, we transferred the containers to the next train and it goes all the way to germany or the uk or wherever. it goes all the way to germany or the uk orwherever. i it goes all the way to germany or the uk or wherever. i think it is buried to save that this is where the east meets west along the silk road —— ithink the east meets west along the silk road —— i think it is fair to say. with this project, we are making the rail trade sexy again. it is not going to be to buy with all the glamour and letter, with skyscrapers and things like that. but we are building a society in a place wh

a memorandum of understanding with the ndrc of the chinese government for a major programme in central asiaironments and really developing transformative projects in support of sustainable development. we know that corruption is a big worry. some staggering figures reporting how much china has lost in investment in the past int ocountries with big governance issues. some reports suggesting they lose as much as 80% of their investments into countries like pakistan. with this grand plan, how can china mitigate such losses? well, it has to take it very, very seriously and i know it does take it seriously. there is a suspicion that some countries are saying to china that maybe you turn a blind eye too much, that maybe you should take it more seriously. of course, there's a nother issue too that maybe you need to have a level playing field when you procure some of hte projects. you know, there's risks to every great plan, there's a risk in crossing the road, afterall. but i think in this particular area, china is fairly clear. you're watching newsday on the bbc. still to come on the programme: a

at the same time a land based network would make its way west through central asia and russia.cbc standard bank. good morning. thank you for being on the programme. just tell us a bit more about this route, the belt and road initiative and how much impact it will have on trade? yes. so i think this initiative is a china backed global community initiative and it has started by the president himself in late 2013. i think the idea or the aim of the initiative is to revise economic growth through the creation of a new set of infrastructure projects and networks across 65 countries so and also i think what is interesting about this initiative is that it is really a ground—breaking initiative in its scale and scope. spending across like four continents, covering more than a third of global gdp and 16% of global population and i will also add that the uniqueness of this initiative is also its preference for the infrastructure projects and investment and at the same time it focuses a lot on emerging markets as well as frontier markets where the local currency markets are less developed

in russia, and in central asia.an the country mitigate dependence on overseas energy supply? >> on one hand, chinese oil and gas companies like us must continue to play the role -- on the other hand, we need to speed up our efforts in collaborating with resource-rich countries to jointly develop assets in order to replenish our country's ever-growing demand for oil and gas. in this way, we can balance our heavy reliance on imports with better use of foreign resources. >> what is your outlook for oil prices and do you think that the opec cuts can balance the markets? >> i do not think it is realistic for the oil price to hike significantly and continuously in the short-term. at the moment, the global supply and demand is undergoing a transition. in the balance between supply and demand is the foundation for a stable trading price. we estimate that in 2017, price per barrel will be around $50 with possible short-term upturn. $50 is not sustainable. the oil price will see a slow recovery in 2018-2020. however, prices w

region now you can draw circles out all the way into north africa and all the middle east parts of central asia. how do we develop the policies and players together to address these threats. there is a sense of energy and commitment. we know it exists more broadly than that. it will allow people around to recruit their efforts. there's a big effort underway with players in the region most notably the kingdom of saudi arabia and there's this conversation going on in the muslim community around but this is doing to the way that was understood by others in the world and i would say that it is a very open conversation that we are having and a commitment on the part of the leaders that want to take this on so we will be leveraging on that as well. as you see this play out there's still a lot of work to do to get the coalition partners around cease-fire and peace processes and. how do we advance to the legitimate peace process is what we are pursuing afghanistan. and then keeping this terrorism network confined as it wants to spread itself to north africa and central africa so there is a lot of work

there is a maritime route being invested in but also land routes through central asia and russia as wellun into the trillions for this one belt, one road and what we have seen so far is that leaders from 29 nations gathered in beijing on sunday. they continued their visit today to bring china‘s grand plan one step closer to reality. of course, big ambitions here. it‘s going to span around 60 different countries and as we mentioned, the chinese president has pledged billions of dollars. he didn‘t give a time frame for the distribution of those billions for the projects that have an outline. there are many sceptics who say this is all an expensive exercise to extend china‘s political and economic influence, but he was using his speech to reassure the lot —— the leaders there, western leaders, that the plan was notjust to promote chinese influence globally and said that advancing the road, they will not retread the hold path and the focus will be on partnership and mutual benefit, lovely words but a lot of scepticss saying corruption is another big concern china will have to guard against,

resources inlocal different countries, we mainly invest in gas projects in russia and central asia.il operations in africa. how do you think the country can onigate its dependence overseas energy supplies? chinese oil and gas company's must continue to of controlling but we need to collaborate with resources and other countries to jointly develop assets in order to replenish our country's ever growing demand for oil and gas. in this way, we can balance our heavy reliance on imports with better use of foreign resources. what is your outlook for oil sources. do you think this can balance markets? >> i don't think it's realistic for the oil price to hike significantly and continuously in the short term. at the moment, the global supply and demand is undergoing a transition. the balance between supply and of theis the foundation trading price. we estimate that in 2017, the price per barrel will be around $50 with possible short-term usd notith 50 sustainable. the oil price will see a slow -2020.ry in 2018 however, prices will not get $100 usd.14 mark: vonnie: still ahead, emmanuel macro

concentric circles out all the way into north africa, parts of africa, all of the middle east, parts of central asia, and this is really a d-isis and a counterterrorism effort, is what it really boils down to. and so how do we develop policies and bring regional players together to address these threats of isis and counterterrorism? and we hosted i think what was a very successful coalition to defeat isis ministerial here at the state department. i think there is a real renewed sense of energy and commitment to win this war against isis. we will. we are defeating isis in their caliphate in syria and iraq, but we know that isis exists more broadly than that. and so, as we said in that coalition effort, we've got to move beyond the battlefield, we've got to move into the cyberspace, we've got to move into the social communications space, and get inside of the messaging that allows them to recruit people around the world to their terrorism efforts. so there is a big effort underway with players in the region, most notably the kingdom of saudi arabia, and working with other partners to get inside of thi

that doesn't mean we try to make afghanistan into the switzerland of central asia. lou: it does mean things like we don't take 16 years as a superpower and find ourselves in a stalemate with a medieval group of guerrillas who were acting against the interests of the united states. this has been i think a heinous period of military history, u.s. military history in which a general officers have not been able to provide victory the commander-in-chief, to the american people and i well think it's about time there some humility whether it's the national security adviser or the joint chiefs of staff or whomever advising the commander-in-chief about what they can do, will do and how effectively efficiently and with what finality. >> i think it's widely viewed in the past eight years that the rules of engagement that our forces have had to operate under have been far too restrictive, unduly restraining their ability to do what they need to do in at least one aspect of what's under deliberation now that we are talking about it in public is some granting of increased discret

is that the projects being considered here are in countries, especially though in -- those in central asiaproblems of governance and high levels of corruption and economic political instability. getting investors to participate in this project, which china wants to do, is going to be difficult in the initial stages. christine the guard was at the forum over the weekend. how should these leaders view what is happening? is it a complement to the work? how do you see it? certainly, it is being co-opted into an initiative where ultimately china is going to be pulling the strings. they are going to be expanding their own economic and geopolitical influence. they also have no choice but to get involved. they stay on the sidelines, china can marginalize effectively. what the challenge here is is to continue to be involved and make sure that they have standard conditions and government issues in the country, maintained without letting china determine those rules. help us to understand the history here. there was the chinese dream speech, the speech delivered in davos, is this all part of one conti

depending on local resources in different countries, we mainly invest in gas projects in russia and central asiaions in africa. >> how do you think the country can mitigate its dependence on overseas energy supplies? >> on one hand, chinese oil and gas companies like us must continue to play the role in domestic oil exploitation. on the other hand, we need to speed up our efforts in collaborating with resource-rich countries to jointly develop assets to replenish our country's ever-growing demand on oil and gas, balancing imports with better use of resources. ♪ >> is there a financial crisis in china? >> with all these outflows, it impacts the exchange rate indirectly or directly from that they have the levers to change things and to regulate and make sure money does not go out to o quickly, and they have party begun that effort so that when money goes out, it is targeted and specific. francine: can they displace the u.s. and trump administration as the most global country in the world? >> the u.s. will be impacted. i believe the u.s. will have to join this effort, the one belt, one road program

other issues in central asia -- in this situation, further anecdotal demonstrations that these are allforced errors. the president should stop tweeting -- >> eric: i'm going to read you something from "the washington post." u.s. examiners are looking at trump's associates and veb. veb has funded politically important projects. a bank spokesman said veb leaders met mr. kushners and other executives as i develops a new strategy for the bank." what wrong with that? it's a business meeting and happened after the election. others say no, shouldn't be meeting with this guy. >> optics are one thing and facts are another. you know, not too long ago, i think about three weeks ago, you have jared kushner's sister and his whole real estate team that were doing a tour in a foreign country -- i think china maybe -- looking for funding and talking about new opportunities that they had. so you know, like i said -- >> you're saying it's worse than it is. i'm saying it's not a big deal. >> and this is about russia. so i think -- what they're trying to do is they're trying to dirty anyone around trump,

. >>> hadley gamble spoke with the head of middle east in central asia and asked whether he thought egyptian president cici was guiding the country down the right path. >> the program has been running for six months. the impact was positive. confidence came back. investment came back. we are seeing certain numbers of positive signs. the parallel exchange market disappeared. there are still reforms to be implemented. some of those are fiscal reforms. in addition, inflation went up higher than planned. and this is something that needs to be addressed. >> how do you think they should go about addressing it? are we talking about higher interest rates? >> addressing it by using the biggest fiscal instruments as well as also monetary instruments. >> so higher interest rates? >> definitely all the instruments need to be put into the equation. i think what is important is to understand why we need to curb inflation. inflation is negatively affecting the social situation. it is putting pressure on fiscal and on deficit. the risk is that we have a second-down effect. >>> for more on this story, you ca

chairman now of the subcommittee in congress that oversees our relations with europe, russia, and central asian on a congressional delegation to russia, i have met a member of the state equivalent of the russian state department there. if he was later transferred to washington and went out of his way to remake our acquaintance. that's what the fbi was warning me about that he was an intelligence officer. i treat anybody from the russian embassy or frankly in the embassy as an intelligence officer, that's the rational thing to do. >> tucker: the implication of the story is that you were doing something wrong. the obvious question is that was five years ago, why did it come out now? >> this is what we are experiencing, something with no substance in it, has been stated in a very sinister way to leave people with the idea that i have done something or president trump has done something wrong, and we in some way have done something that isn't beneficial to the united states but is in some way beneficial to russia. at the same time, the people with that sinister idea don't even mention hillary clin

. >> once upon a time several routes led from china through central asia to europe. >> a father explainsvelopments. >> new things like highways, airports, railways and pipelines, internet cables. >> oh, my. china daily released a musical episode about the one belt one road policy. ♪ the videos explain globalization in child friendly terms. >> it is china's idea. but it belongs to the world. >> maybe the videos aren't a bad idea. after all, bedtime stories about spending and infrastructure initiatives may just put your kids right to sleep. the correct answer to my gps challenge question is, d, 23,000 people were killed in violence in mexico in 2016 according to the iis's most recent armed conflict survey which looks at active conflicts around the world. deaths from violence in that country jumped by nearly 23% between 2015 and 2016. and mexico's drug war doesn't appear to be slowing down. in fact, the report notes the first two months of the year were the most violent january and february on record. the wars in iraq and afghanistan claimed 17,000 and 16,000 lives respectively while violen

. >> of the middle east, central asia, even parts of africa are ready for a period of what they view to have been neglect, to outright dismissal of their concerns. they are ready for re-engagement with america. >> the president began developing this trip during the transition period and wants to reaffirm relationships and offer a message of unity to the three of the world's great religions. christianity, islam, and judaism. in riyadh, saudi arabia, trump will challenge muslim leaders to fight against radicalism and embrace a peaceful future. >> we have to stop radical islamic terrorism. >> then to israel. the president offered during the campaign to move the u.s. embassy from tel aviv to jerusalem. that controversial promise is unfulfilled. he will also become the first sitting president to visit the western wall, among the holiest sites and judaism. officials say he will do so with religious, not political, leaders. he will offer no specific peace plan. next, he travels to the vatican to accept an audience with pope princes. he clashed with the pope on the campaign trail. administra

signing some of greats of existing will -- and some we mainly invest in gas projects in russia and central asiao you think the country overdependenceis on energy supplies? >> chinese oil and gas companies must continue to play the role of domestic oil exploitation and we need to speed up the efforts replenishrating to the growing demand for oil and gas. reliance once heavy imports with better use of foreign ins -- resources. >> what is your outlook for oil prices and do you think the cuts can balance the markets? realistic think it is to hike significantly in the short-term. at the moment, the global supply and the demand is undergoing a transition. the balance between supply and demand is the foundation for a we estimate it will and wend 50 u.s. dollars don't think 60 is sustainable. it will press will see a slow recovery in 2018 through 2020 2014rices will get back to 's $100. really interesting comments about dependence on or access to u.s. energy assets being imported. if you are a bloomberg customer, you can watch the show and follow all of the charts on the right-hand side of your screen.

promoting their one belt one road project and there are real links that are being built all through central asia, from afghanistan after rush and these are the projects that won't be affected by american sanctions and that will probably serve to minimize american economic power in that part of the world, so we risk isolating ourselves if we continue down the road of interest lateral sanctions without any reason. you have been very patient, so please-- wait for the microphone >> thank you. i wonder if you could give us more of a sense of the redness of the debate during the elections and if things like connie criticizing the national guard will come back to hot him or has this debate opened the things that more for the iranian people? >> is a good question whether it will haunt him. i think certainly there will probably be pushed back from the revolutionary guard as you pointed out who are not happy with his criticisms of the guard and said so in the judiciary. the two areas he attacked or the military and judiciary. .com. i think people will just generally speaking if the guards had been opposed

this could spread into central asia which they say is an area of vital interest with them. >> your view is interesting. talking about annihilating afghanistan has not worked in the history of the world. thanks for joining us. >> you're welcome. >> ambassador is a former ambassador to russia. coming up, senate majority leader mitch mcconnell creates a 13 man, that's man, and zero women, group to talk about health care. it lies in the hands of congress and at 4:00 eastern, the premier of deadline white house with nicole wallace right here on msnbc. there's nothing more important to me than my vacation. so when i need to book a hotel room, i want someone that makes it easy to find what i want. booking.com gets it. they offer free cancellation, in case i decide to go from kid-friendly to kid-free. now i can start relaxing even before the vacation begins. your vacation is very important. that's why booking.com makes finding the right hotel for the righprice easy. visit booking.com now to find out why we're booking.yeah i count on my dell small for tech advice. with one phone call, i get prod

there are railroad and see links being built all through central asia. afghanistan through russia. these are the kinds of projects that will not be affected by american sanctions and well probably serve to minimize american economic power in that part of the world so we risk isolating ourselves if we continue down the road of unilateral sanctions without any questions. you have been patients. -- patient. so, please. wait for the microphone so everybody knows he you are. >> thank you. i wonder if you could give us some kind of sense of the richness of the debate during the election. and things like rouhani criticizing the national guard will haunt him or if this has opened up things more for the american people. >> it is a good question. will probably be some pushback from the revolutionary guards who were not happy with his criticisms of the guards and publicly said so. the same thing. the two areas he attack for the military in judiciary. i think people, generally speaking, the guards would have been opposed to many of his policies regardless of whether he attacked them or was nic

there are real lin links and seedlings being built all through central asia from afghanistan up through russia. these are the kind of projects that will be affected by american sanctions and that will probably serve to minimize american economic power in that part of the world. we risk isolating ourselves if we continue down the road of unilateral sanctions without any reason. >> you have been very patient. please, wait for the microphone even though everybody knows who you are. >> thank you. i wonder if you could give us more of a sense of the richness of the debate during the elections and if things like her honey criticizing the national guard will come back to hunt him or has this debate open things up more for the iranian people? it's a good question, what weather will come back to haunt him. i think certainly there will be some pushback were not happy with his criticisms of the guards and publicly said so. the two areas he attacked were the military and the judiciary. i think people, generally speaking, the guards would have been opposed to many of his policies regardless of wheth

our allies and partners in europe, this budget zeros out the assistance for europe, eurasia and central asia account and eliminates the european reassurance initiative altogether. this was an initiative that was set up to counter russia's influence in europe and we're going to zero that out. it is a budget proposal that walks away from the promotion of democratic values, slashes funding for human rights and democracy programs abroad and hollows out the ideas, initiatives and nukeses on which the u.s. -- and nukeses on which the u.s. leadership like the united nations peacekeeping. in his remarks in saudi arabia, president trump applauded jordan, turkey and lebanon for their role in hosting refugees. and yet, the draconian humanitarian funding cuts would harm these friends and allies who are hosting millions of refugees. what an inconsistent message. it eliminates the u.n. emergency food aid program at a time of famine in africa, in the middle east. if these budget cuts are implemented many people around the world will die as a result of diminished resources and support that would result. we

let's see how the rest of asia is performing. we did get centralank atormation, anz unchanged 1.75%. the kiwi tumbling the most antenna months. the governor budging in his policy outlook. he says inflation will slow in the later half of the year. australia, good news for energy players. above $47 wti overnight. .735ussie seeing pressure, 4. we are seeing modest gains so far. , we are likely to pass the 20,000 level at the open. that would be a seven-month high for the index. a big mess on softbank earnings. toyota was weak on guidance. when it comes to the yen, we're above 114. the philippines, most people will be watching them boe this thursday. was oil and it earnings. we shrugged off the bombshell we got 24 hours ago today about james comey. betty: it is too early to tell whether the news on comey is going to affect legislative action in washington. that is what investors are watching. will we get tax reform done? his health care reform going to be finished? that will affect markets. the facts we do not know yet, investors focus on earnings and

depending on local resources in different countries, we mainly invest and gas projects. , oilssia, in central asiathink the country can mitigate its dependence on overseas energy supplies? hand, chinese oil and gas companies like us must continue to play the role in terms of domestic oil exploitation. on the other hand, we need to speed up our efforts in collaborating with resource rich countries to jointly develop assets in order to replenish how country's ever-growing demand for oil and gas. in this way, we can balance our heavy reliance on imports with better use of foreign resources. tom: what is your outlook for oil prices? and you think the opec cuts can balance the markets? >> i don't think it is realistic for the oil price to hike significantly and continuously in the short-term. at the moment, the global supply and demand is undergoing a transition, and the balance between supply and demand is the foundation for a stable trading price. we estimate that in 2017 the price per barrel will be around $50, with possible short-term upturns. but $50 is not sustainable. the oil price will see a sl

investors to look at central asia, look at the emerging economies.hink the growth of the world will be moving forward longer-term. shorter term, the european economy is a mess. that will not change. anything beyond, i think there is more optimism. europe, notee it by the united states. .ertainly courting eurasia do you see a long-term strategic shift? >> most of the growth in the world is from asia and china and india. these are the drivers of growth or we can sometimes lead ahead here. will be a long time before we see any type of trade protectionism. in nato, we have had a lot of talk with donald trump trying to push more spending. it is an incredibly strong alliance. the move is toward asia. angela merkelare right now and you are saying the things she is saying, what you want out of the united states? what you want to change in what president trump is doing or saying? >> i think you want him to back down or show support to his allies. trump puts a firm initial offer into a negotiation and that appears to be what he is doing here. and is underminin

cultures where they, people live on very small farms that would be in sub saharan africa, in asia, in central's a lot of poverty. people live very, very hand to mouth and if something goes wrong, if there's a drought or a flood or a terrible storm and their crop is destroyed they really don't have anything to fall back on. and that is when people have a hunger season and if it goes on too long, without anybody intervening and helping then it becomes acute and children begin to die. - so what tool are you recommending to help? - there's been a fabulous innovation called "plumpy'nut". and plumpy'nut replaces what used to be accomplished by an intravenous tube in a field hospital. a mother would have to take her very weak children far away and try to get there and then there were only so many kids that they could help that way and then they were in a hospital setting which is really hard on the whole family and they're away from the rest of their family. but this is a paste. it's based on peanuts and it was designed by a pediatrician that noticed that kids in france where he lived really liked n