it's not very difficult to guess they're coming from india and china these people who are immigrants from highly skilled immigrants from india and china are the highest recipients of home invested in c. in germany and most of these. higher education also the students for these are coming from china and india saw there are going to be many professionals who are going to hit the market which over. india and china ok fun day from frankfurt stock exchange thank you so much. australia has been one of the world's worst carbon polluters the capital it's the biggest exporter of coal and climate change cost the last prime minister his job no doubt energy policy is a potent issue going into tomorrow's federal election. greenpeace activists took their protests to sydney's harbor bridge to man the country's prime minister declare a climate emergency. australia is on the front lines in the struggle with climate change. a strike already experiencing climate emergency and severe climate damage. and the number one cause of peace climate damage that is already harming so many struggling families is ca

analyst at the share center in london a welcome to the show china actually says iran is a part of our belts road initiative we don't change anything india and turkey have made several or noises how effective are the u.s. sanctions if big asian economies ignore them completely well i think you know it's all well and good what china said that they will try and ignore these sanctions but what we have to look at is what actually happened with the iranian oil exports to china and since the beginning of last year exports have fallen so to a certain extent the chinese the the turkish the japanese all of those have reduced their rein in exports. all of this to seems as if the u.s. sanctions are are having an effect. i think going forward you've got to really look at what the asian economies and along with russia what they can do in terms of maybe implementing a similar mechanism mechanism as london berlin and. paris have in regards to the instep in texas. policy or operation there oh your problem there is the iranians are very frustrated that. although it's been set up it isn't actually running it's not operational you know frustrations with ir

example, there was one fda investigator, peter baker, over five years he went into 86 plants in india and china and found fraudulent or deceptive data in 67 of those. generic drugs comprise nearly 90% of the pharmaceceutical supply in the united states. nearly 80% of the active ingredients of all drugs, brain or generic, as welell as almost all antibiotics, are made outside e the united states. how are theyey inspected? dodoes the generic version o ofa drug have the e same effect as e brand d name? what happens when it doesn't? just a few of the questions we will ask investigative report katherine eban today, author of the explosive book "bottle of lies: the inside story of the generic drug boom." all that and more, coming up. welcome to democracy now!, democrcracynow.org, the war and peace report. i'm amy goodman. as tensions between the united states and iran continue to flare, president trump issues a threatening tweet sunday, writing, "if iran wants to fight, that will be the official end of iran. never threaten the united states again!" he did not specify what threat he was referring to. o

sanctions washington has ended sanctions relief given to some of iran's top oil by india china and japan it will cripple a vital source of revenue for the iranian government and even paul just scrambling for a new supply cycle in forney is lashing the eastern indian city of poori with winds of up to two hundred kilometers an hour over a million people way evacuated ahead of the storm's arrival after significant destruction was forecast and the west bank. now venezuela's president nicolas maduro has appeared alongside his top generals in a show of strength days after a failed attempt to overthrow him at the same time one of the main opposition figures says he still thinks the military will act against maduro if older low pay spoke from the safety of the gates of the spanish ambassador's official residence in caracas he and his family took refuge say on friday so after his appearance alongside opposition leader. venezuela's top court has issued an arrest warrant follow pace. he has been following developments from the colombia venezuela. a major display of loyalty live on television minute

sanctions washington has ended sanctions relief given to some of the iran's top oil bio's including india china and japan it will cripple a vital source of revenue for the vein in government and leaving four to scrambling for new supplies. has more from washington there are of course hard line elements within the trump administration namely john bolton the national security advisor who's made no secret himself that he would like to see a change in government in iran so if this leads to that that would be certainly something that many hard line elements within the trump white house would certainly welcome now the question is why does it is the government going forward with this bold move now and they basically say that there's enough oil on the international market right now to where these countries can get their oil elsewhere and that's why the u.s. is unilaterally taking this measure. psyco unfunny has made landfall in the eastern indian city of poori with winds a coven into a category four hurricane as a strong as song to hit the odisha and west in twenty years over a million people were evac

sanctions waiver on eight major bio's of iranian oil has expired that includes china india and turkey and no face the prospect of u.s. sanctions if they continue to buy crude oil from to her on iranian oil sales have already fallen by half since washington pulled out of the twenty fifteen nuclear deal the most powerful psycho in to hit india in twenty years has made landfall on the east coast cycling forney is lashing the city of pulley with winds of more than two hundred kilometers per hour more than one point two million people have been evacuated from low lying areas across the state of all disha. meanwhile people in mozambique are trying to rebuild their lives following the destruction caused by cycling kenneth some towns are dealing with a cholera outbreak after several cases were recorded in some hard hit areas a delivery has been slow to get to many because of the ongoing bad weather protesters are back out in big numbers in the streets of sudan the cities and towns is demonstrators continue to press for civilian rule protest leaders say the military is not serious about handin

we have china, india,japan, right here in asia. ave china, india, japan, south korea and taiwan, and so far only three countries have halted imports of iranian oil. from today, they will have to stop imports or face consequences from washington including penalties. iasked consequences from washington including penalties. i asked our correspondent who would replace this iranian oil. the shortfall and gap created by iranian sanctions, the first country to come to the replacement is saudi arabia, really the leading largest exporter, so saudi arabia have the spare capacity. followed by the uae and other countries. so with spare capacity from the uae and saudi arabia, are we likely to see oil prices continue to be at these levels for crude, $63 for brent crude, $72, or could we see a spike higher? first, the market is already a bit tight. the bottoms will be there to replace the iranian crude oil, however, with the rising demand gradually in the global market, there is still pressure on prices. so if there is pressure on the prices, wher

sanctions will depend on how the major buyers of in oil which are india china south korea japan and turkey react to u.s. pressure there's already been an impact on global oil prices which of peaks in the last few months two were seventy dollars a barrel the u.s. wants to keep oil prices low but that does not favor oil exporting countries economies rely on oil the white house will be looking at allies in the gulf region to pump out an extra million or more barrels of oil a day once the sanctions kick in countries including saudi arabia have been hit hard during a period of nor oil prices and it's unclear if and how quickly they will increase their production the i.m.f. says iran's recession is already spilling over to the broader region iranian generals have warned that if the iran is prevented from selling its oil abroad it would close the strait of hormuz which handles a fifth of the world's oil shipments. in delhi and one of china's most important ports some twenty million barrels of oil are reportedly stranded waiting to clear chinese customs. with the united states ending waivers on a

a prime minster but he likes to do a report on how congress would run the foreign policy of india think china is india's principal strategic threat is that the kind of congress government that indians were look forward to today of the b.g.p. have been one. well let me tell you i mean there is no denying that india's traditional rivals cross border have been up to stardom and china you know that we have had wars of these 2 countries and are as far as focused on is concerned india has been of victim of or cross border of violent death or attacks one of the worst thing $2611.00 it which was seen all over the world now the communist party has been at the head of affairs when we have had those wars against both these countries so he understandably so there's antagonism there with china which would certainly alarm some people in the finance sector in india i would think and surely the indian people remembered how new liberalism was created by a congress party as they turned into a cheap labor hub of globalization what are you not to be frank i mean it's a congress party that liberalize the economy

but china doesn't have to choose sides between india and pakistan. china except both india and pakistan shanghai cooperation organization within the member countries and the china's relationship with india is the land border issue is actually. very good because the way you will have a joint exercises of terrorism during holidays the soldiers across the border could even be cigarettes so we do not believe this is the black and white picture so we sincerely hope both pakistan and india could have co-existed they were once one country now they should be brothers. colonel it's been such a pleasure talking to you thank you very much for this insightful interview will wish you all the best of luck but we're talking to. director of security cooperation for the military office of china's national defense ministry discussing china's increasing military strength and its implications for the world that's it for this edition of. only days ago we were told the u.s. was preparing to strike. to deter specific. simply disappeared and just exactly what. regarding the

india. on the last. really. big. as in china and india the lack of women of marriageable age in south korea has now become a problem. you always have to walk through what are. you going. to none of that i mean doc you go. back you. have to go home 10 minutes into the pit and i'm told. cook is a bigger man behind you. is it like. a gag and you put our cooking not law we could but i knew what. the body. was. called it was. not. how to model no drugs. a lucrative business has emerged around women as a commodity that which is missing in one's own market after decades of selective abortion is simply imported from poor a neighboring country. yes. but south korea faces another problem nowadays south korean women do not want to have children at all lation is drastically declining once again politics has intervened with drastic measures whereas young women 60 years ago were encouraged to have abortions now it is strongly frowned upon and criminally prosecuted to terminate a pregnancy. young and wang she song 2 students from seoul recalle

sanctions waiver on eight major buyers of iranian oil has expired that includes china india and turkey who now face the prospect of u.s. sanctions if they continue to buy crude from tehran. he's coast of india has been battered by the most powerful cycling there in twenty years cycling banias killed at least two people in addition state one and a quarter million indians have moved from their homes to higher ground and the president of afghanistan has accepted as several recommendations for peace talks with the taliban on the final day of the loya jirgah simply a regional elders ashraf ghani approved seeking the withdrawal of u.s. troops and an immediate ceasefire. counting has begun after local elections in england and the winner seems to be apathy it rolling conservatives are predicted to lose hundreds of council seats but across the country it seems to me people simply refuse to vote as a protest over bricks it or insley joins us live from catterick and yorkshire so the local elections what do they tell us lawrence about the national picture. that it's all about bricks it's obviously

sanctions will depend on how the major buyers of union oil which are india china south korea japan andturkey react to u.s. pressure there's already been an impact on global oil prices which of peaks in the last few months too were seventy dollars a barrel the u.s. wants to keep oil prices low but that does not favor oil exporting countries economies rely on oil the white house will be looking at allies in the gulf region to pump out an extra million or more barrels of oil a day once the sanctions kick in countries including saudi arabia have been hit hard during a period of nor oil prices and it's unclear if and how quickly they will increase their production the i.m.f. says iran's recession is already spilling over to the broader region iranian generals have warned that if the iran is prevented from sending its oil abroad it would close the strait of hormuz which handles a fifth of the world's oil shipments we have two correspondents covering this story could turn to us in beijing first let's go to zain that's ravi who is in tehran says and does it look like u.s. pressure is working t

sanctions will depend on how the major buyers of in oil which are india china south korea japan and turkey react to u.s. pressure there's already been an impact on global oil prices which are peaks in the last few months to where seventy dollars a barrel the u.s. wants to keep oil prices low but that does not favor oil exporting countries economies rely on oil the white house will be looking at allies in the gulf region to pump out an extra million or more barrels of oil a day once the sanctions kick in countries including saudi arabia have been hit hard during a period of nor oil prices and it's unclear if and how quickly they will increase their production the i.m.f. says iran's recession is already spilling over to the broader region iranian generals have warned that if the iran is prevented from selling its oil abroad it would close the strait of hormuz which handles a fifth of the world's oil shipments. saudi arabia has the release five more female activists who have been on trial for alleged contacts with foreign media diplomats and human rights groups this went nearly a year in cust

showers never really too far away if the truth be known meanwhile showers continue across parts of india china wanted to showers today eastern areas of india little more cloud up towards the northwest of india northern parts of pakistan spilling out of afghanistan so disturbance just speeding its way through little gradually run over towards nepal south of that with temperatures struggling to get to 35 celsius in new delhi because there is a little more cloud around here but still very hot for many $42.00 soldiers from that pool or so far harder a bad one or 2 spots also than that says one would expect as we go on through the coming days in the mid forty's so the possibility for some it warms up you notice for sunday the in new delhi just want to showers into the far south of india 2nd half of the weekend to tell us a little bit of a shower right around the eastern side of the right on saturday and sunday. he had it all. the passion the success and the popularity. and when he gave it all up. for the love of his homeland. the rebels dove into the realm of footballing legend rashid a clue free.

as a country is located in india china or even so much and for the nation and therefore it is policy inside the west and therefore it is the behavior of somebody who sees your there's a plunder and not as a poison. san francisco has banned the use of facial recognition technology by police and other agencies saying that it endangered civil rights and liberty to move makes the city which has a history of being at the cutting edge of new tech america's 1st block it. we all support good policing but none of us want to leave in a police state. facial recognition technology uses video to identify a person from large databases or facial imagery but it can be used for marketing purposes too for example to deliver targeted ads on hoardings it's already being deployed at many american airports and large stadiums to them by a number of police departments we spoke with chris kits he's a founder of unseen encrypted internet and he thinks that it's hypocritical to produce and sell facial technologies but then restrict them in your own country. you know it is that this is very powerful technology

the us tightens sanctions on iran — ending waivers for its biggest crude oil customers including china, indiand turkey. live from london, that's our top story on thursday. is the price of oil set to rise again? the us is to tighten sanctions on iran's oil industry today — raising fears of a squeeze in global crude supplies. the sacked uk defence secretary denies leaking discussions about huawei. today we're asking — what does this mean for the chinese telecoms firm's global contracts? when it comes to the financial markets in europe, they are headed lower. we will explain the movers and shakers. and we'll be getting the inside track on biotechnology. we look at the fight against cancer. we speak to the boss of one private business harnessing the body's own immune system to treat everything from infectious diseases to eye cancer. today we want to know — what is your view on huawei? are you concerned about their alleged closeness to the chinese government — or is this just a misleading idea? let us know — just use the hashtag #bbcbizlive. hello and welcome to business live. get in touch. it's r

as a countries like india china or even so option for the nation and therefore it is policy inside the west and therefore it is the behavior of somebody who sees your there's a plunder and not as a call poison well creating its own army is not the only concern for the european union because the rise of nationalism was among the most discussed issues too during debates ahead of the upcoming human pain elections elections shallot been ski reports now from paris. a polite debate which some described as being a little bit dull by the 6 candidates all vying to be the next president of the european commission they tackled some of the big issues dividing europe at the moment including migration taxation youth unemployment and of course the rise of if you were a skepticism or nationalism as they describe it saying it was possibly the greatest division in europe at the moment people who used to vote for my party and many parties here are now faulting from nationalist parties sometimes even extremist parties that's our fault we see that nationalism and echo dismiss back on this continent and wha

and will meet at the russian president and foreign minister during his upcoming visit to russia india china. the announcement on the state department's website has it two days two cities a conversation with the russian foreign minister a conversation with the russian president it is going to be a busy one for my pump ale in this country and i can tell you that there was a rather long pause in direct contacts between top american and russian officials and this trip probably is a sign that the two sides are realizing that the rizzle lot of catching up to be done in fact they have already begun doing it last week vladimir putin and donald trump war on the phone for about an hour and a half on monday this week the russian foreign minister sergey lavrov had a quick meeting with secretary of state mike from pale in finland but perhaps that was just a rehearsal before a much more serious much more lengthy round of diplomacy and if you watch the news in the last few weeks for you it won't be a problem at all to realize to a guess what is probably going to be up for discussion to ron's decision to s

china needs a paris agreement. india needs a paris agreement. the european union needs a paris agreement. we don't have to take this. we've proven to the world that technology -- with technology and the free market we can make it cleaner. vote for the families. vote for local jobs. vote against h.r. 9. i yield back. the chair: the gentleman yields back. the gentleman from new york. mr. engel: let me say, the whole world, not just the united states and not just china, needs to do more if we are to be spared under climate change. reducing its carbon intensity by 60% to 65% from 2005 levels by 2030, and that's a big step towards sustainability. meanwhile, global action on climate change has already spurred public and private sector investments in green innovation. china has created the world's largest carbon market, pumped as much as three times as much money in renewables as we have, and surpassed the united states in terms of both the number of electric vehicles on the road. and the number of publicly available charging stations. it's now my plea

gave sanctions waivers last year to eight of iran's major trading partners including china india and turkey iran exports around one million barrels of oil a day mostly to china india south korea and japan china and turkey have said they want to continue buying iranian oil while the others have signaled they will bow to u.s. pressure zain bus ravi reports from tehran on what's next for iranian oil. hours before more pressure from u.s. sanctions and to her own wealth of an important guest the boss of opec his visit to an oil and gas exhibition a signal that iran remains an important member of at least one very powerful club of nations no matter the circumstances we hope all of that but it has to get done what divides us but when the united states reimposed sections it granted waivers to some of iran's biggest customers ending those waivers and iran supply means prices at the pump are likely to rise to address suggestions by u.s. president donald trump that some opec members namely saudi arabia and the united arab emirates might increase production to make up for iranian oil not making i

the us tightens sanctions on iran — ending waivers for its biggest crude customers including china, indiand turkey. plus — the fed defies trump. the us central bank says there's no case for a move on interest rates either way, ignoring the president's appeals for a cut. and on the markets: comments by the fed chief confounding market bets that the next move on rates could be down. that hits us stocks but boosts the us dollar. japan and china markets closed for a public holiday. we start with oil, because as of today the us is tightening its sanctions on iran's oil industry, imposed last november over the country's nuclear ambitions and policies in the region. that's raised fears of a squeeze in global crude supplies, which could push up prices further. let's show you some of the details. washington had granted 180—day waivers to eight countries including china, india and turkey, allowing them to keep buying iran's oil despite the sanctions. last week it said they had to stop by may 1st or face sanctions themselves. you can see how that news pushed up the price of benchmark brent crude, al

sanctions waiver on eight major buyers of its oil that includes china india and turkey who now face the prospect of u.s. sanctions if they continue to buy crude from tehran running oil sales have already fallen by half since washington pulled out of the two thousand and fifteen nuclear deal same reports from tehran. hours before more pressure from u.s. sanctions and welcomed an important guest the boss of opec his visit to an oil and gas exhibition a signal that iran remains an important member of at least one very powerful publications. this a comes to us. we hope all of that but it is too good. what divides us but when the united states really imposed sanctions it granted waivers to some of the runs biggest customers ending those waivers and iran supply means prices at the pump are likely to rise to address suggestions by u.s. president donald trump that some opec members namely saudi arabia and the united arab emirates might increase production to make up for iranian oil not making it to market it's. potentially more dangerous to the very existence or. not to talk of that but this it

rain even more widespread twenty three celsius there for hong kong come down across a good part of india china there's a fair bit of cloud a few showers as per usual i think it could be more in the west sunshine band showers in that city the case across southeast asia lots of sunshine into the philippines want to see showers just a revolution on more than parts of the philippines a scattering of showers there into malaysia into a nice year for thailand there's a fair bit of wet weather over the next couple of days bangkok with a high of thirty seven. the story of one of the most successful p.r. campaigns in the us. study after study demonstrated perspectives american media coverage what part of this can you get through your thick head is hamas a terrorist organization the only thing that you're going to say is what we want and if you don't say it when i go what you speak it would be very hard for ordinary americans to know that they're being deceived the occupation of the american mind on al-jazeera. this is out to syria let's take a look at the top stories right now israeli air strikes are ch

philip a's say the usual rash of showers in the heat of the day i shall stretch their way across india china and big downpours into thailand just around the gulf of thailand so the 536 celsius there for bangkok on wednesday and thursday further south you might get . into indonesia but they will be few and far between now with a few and far between across australia as well we could do with the right into the southeast and kona dry stops of the year for melbourne basically out slide their way through with the systems trying to just ease on through the pipe but there's not a lot going on at the truth been 19 celsius in melbourne 23 for adelaide and also for save me which struck me to get to 900 but it is dry across much of australia as you can say and that fine unsettled weather continuing into the weekend but across into new zealand slushy fodder dry here as well last area high pressure keeping things generally settle 15 or 16 celsius to christchurch and also into all claimed thursday so the weather once again lovely 17 celsius the final thought and. the visit tipping point pinter's are tellin

reduce our climate, the strain we are putting on the climate, other countries are flying even more, india, chinarst thing we have to do is live up to our claims to climate leadership, we are telling people constantly we are leaders and the direction we are leading is over the cliff edge, that isa leading is over the cliff edge, that is a bad start, and if people take us is a bad start, and if people take us seriously, within a day of the uk parliament declaring a climate emergency, ireland had done the same thing and so if we lead the way, others will follow. thanks for joining us. two men will appear in court later as part of the investigation into the murder of journalist lyra mckee. the men, aged 51 and 38, have been charged with riot, petrol bomb offences and arson of a hijacked vehicle. ms mckee was shot dead while watching disturbances in londonderry last month. dissident republican group the new ira said its members carried out the killing. houthi rebels in yemen say they've begun withdrawing from three key ports, including hodeidah which handles most of the country's imports. the un says

reduce our climate, the strain we are putting on the climate, other countries are flying even more, india, chinas to climate leadership — we are telling people constantly we are leaders and the direction we are leading is over the cliff edge, so that is a bad start. if people take us seriously, within a day of the uk parliament declaring a climate emergency, ireland had done the same thing and so if we lead the way, others will follow. let's get more now on yemen, where the un says moves are being made towards a ceasefire between the rebels and the saudi—backed coalition. the situation for civilians caught up in the conflict is said to be dire. earlier i spoke to the head of the international rescue committee in europe. i asked him how significant it will be if houthi rebels do begin withdrawing from major ports like hodeidah. if it is carried out it is huge, because over 50% of the aid yemen needs and there are 24 million people who need aid, 7.5 who are malnourished, this can be a big game changer. we have people trying to save as many lives as possible. in effect it will make your chances eas

india on emerging. liquidity issue. do you stay away from private china?u get to india or >> yes. definitely. ot as mature. case, lot of the companies in china and india the cap companies are more of a privateteristics of company than a public company. pretty tough. really, there's so much caps andty and small china-asia. need forrobably no fund manager like us to move markets yet in those countries. that is going to come. next stepbe the companies like us take. quickly, china, u.s. trade war. what's your base case? today?you view it probablyk the issue is the american economy is showing resilience and strength. it put u.s. in better than theyg position thought. i'm not convinced we're going to it atswift resolution to the moment. >> martin, it was really great perspective. thank you so much. martin gilbert of standard life aberdeen. >> liz young of investment management. you heard what martin had to say about emerging market. what's your reaction? >> just to begin through the we don't019, again, see a recession despite all of this trade rhetoric. of this year, we had chinese stimulus that was

could you comment on the role of south asia and the south asia-east asia rivalry but particularly india and china? senator coons: absolutely. thank you. i'm meeting with india's ambassador to the united states this week. i made a trip to india last ear. we have in nomenclature refrained it as the indo-pacific and it's interesting to me in every meeting to hear reference to the indo-pacific rather than the pacific rim and east asia and our challenge is moving hat from rhetoric to reality. the united states has, i think, a natural long-term close relationship with india. like the united states, it is a multi-lingual, multi-ethic , muthi-faith, vibrant society that has a wide open press and political system that has significant development hallenges, but also has seen a significant rise in its prosperity, its security and also has a remarkable disparate community in the united states. there are lots of reasons, not least of which is our shared history, of english common-law and of the rules and traditions and systems of an open society and a democracy, that should make us very close and natural alli

china and india probably will look into this.ted success in these mechanism says, but i do think we're seeing real movement in that direction. and that those of us who were worried about the overuse of sanctions have real cause for concern and tangible things to point at. it could be that this particular episode where the u.s. is so alone in creating this pressure on iran, that this is -- you know, this appears to maybe in retrospect to be the tipping point where the u.s. has really overplayed its hand on sanctions. >> meghan o'sullivan, pleasure to have you on. fascinating conversation. >> great. thanks very much. >>> next on "gps," i have the great good fortune of talking to robert caro, the man who last week i called america's greatest biographer. his fascinating stories when we come back. you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfort

some showers just pushing their way into the philippines easing across india china some of the wet weather for a time to into thailand bangkok humid thirty five degrees celsius here on sunday afternoon for the south lost the showers across malaysia some wet weather into northern parts of indonesia are starting to improve to one of two showers for jakarta with a top temperature here of thirty three degrees. in a two part series. zero observes the lives of two children. over twenty years. where insights into circumstances that shape lives. in a rapidly changing. twenty years of me starts with plants and land to build a story on and to see around. again the top stories on al-jazeera president donald trump says the u.s. is in no rush to finalize a trade agreement with china his comments come after he more than doubled tariffs on two hundred billion dollars worth of chinese goods china's commerce ministry says it regrets washington's decision and val's to respond with similar countermeasures. japan is accusing north korea of violating un resolutions with its latest missile tests the second weap

survive was based on the true story of one man's mission to smuggle cheap cancer medicine from india into china. it generated such a response that the government was forced to announce new policies on drug pricing . perhaps inspired or possibly put on notice by the pull of such films beijing has doubled down on cinema as a tool for its own purposes it's resulted in what's called juice win lose or mean melody filmmaking fusing typical chinese political messaging with the production values budgets and mass market appeal of commercial cinema. the films have become even more popular and the current target of them and younger generation family years didn't go through the previous decades and it's easier for them to accept this type of films than older generations say boy knighting sixty's seventy's this is also to do with this is a production quality of those films in the past by propaganda films mostly come out of the state and studios the restructuring that took place in 200-2001 saw many of the studios disappear consolidated and were frankly overtaken by private sector companies and then after a

was really the global superpower but now it's going back to the long term trend which would be china india and these countries dominating global economy so yeah like i said five thousand years ago china was the leader in world trade you saw like all these guys get in their boats and go over there and now they're restoring that to the balun road initiative and china just had their annual belt road big meeting in combat and now a lot of european nations including italy was the first to really say forget you know whatever the u.s. says or nato or anything we're going to do a deal with china because you know our economy of course italy is suffering greatly under the euro so they need flows of capital to come in there because capital is not flowing into italy is flowing into germany and it's flowing into maybe the u.k. or in other places in europe is not flowing into their region so they're looking for any capital that they could get in basically they're in a depression right and they have their banking system on the verge so they need if if europe won't deal with them if europe on trade with t

bill as we were talking china and india are two of the most impacted by the iranian sanctions and to counteract this they're setting up an oil as buyers club to kind of get them a say in pricing in the sourcing of crude oil give us the details on that so the idea of a buyers club as a way to counteract some of the market. makes some sense i would expect india and china would try to include other nations in asia certainly south korea and japan makes sense to be in in a group by like that over the long. oil markets have penalized asia basically was a mark that counted for billions of dollars each year that were more than one would expect from the smooth functioning oil market pricing that would have come from the bread prices in the us prices and the transfer costs to move to the destinations so make sense for those countries to be at least communicating amongst each other and i think that it will be of some help i don't think i mean opec's power is pretty limited the secretary general of opec spoke recently this year in meetings. and he was pointing out that opec is really seeking pri