move the petro help solve its problems. and what do you want to terrified of it all depends on the trust in the issuer we can see the example set by the voting bloc in theory it's backed by the whole venezuelan economy but no one has faith in the body of aa because nobody believes what the government says. that that may be true but maduro at least claims that venezuela raised seven hundred thirty five million dollars on the petro his first day of pre-sale where in fact the president is so enthusiastic about it that he's already announced another crypto currency that petro gold is slated for launch next week it'll be based not on the country's oil reserves but its gold. order. every morning her into a cut thomas sets off on a job that requires speed and efficiency the two things that india's overstretched roads do not provide her into works as a delivery man near delhi for e-commerce logistics firm shadowfax he has to deliberate dozens of packages a day on time to customers in hellish traffic. another problem is finding addr

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from us and many observers are skeptical that the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. some european spectators on this corner of blues joins us with a frank let's talk a strange car i want to traders in frankfurt think of the petro. well first of all ben if you talk to people here you know traders. trading all of the traditional financial markets most of them find it very difficult to understand what this idea is all about those normal crypto currency is for example of bitcoin all about independence from a state you can send and. all value without an intermediary but here with the petro you do have an intermediary the venice whale and government

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from us and many observers are skeptical that the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. let's talk more about this now with market analyst craig for foreign exchange company oh on deck right what do you reckon what are the chances of successful venezuela's petro cryptic current c. i think it's still very difficult to say ultimately what we're looking at here as you should mention the program is a bit of a desperate attempt to both avoid sanctions and also deal with the hyperinflation and other economic issues in the country but that they smoke is the standard by which the countries choose to adopt their own i'm not necessarily convinced i think som

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from. and many observers are skeptical of the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. now here's a figure looking good story for you or as my producer kevin cody likes to say can go on fast food giant kentucky fried chicken has run out of chicken most of its nine hundred outlets across the united kingdom the restaurant chain recently switched its delivery contract to d.h.l. to save money the german delivery service blames the problem on operational issues ok if he can't say how long it'll take to get that fresh chicken back into its stores but it has set up a page online showing customers when restaurants back in business. if you can get your chicken

iran will they receive the petro?f an oil service provide who hasn't been paid in five or six year? it's better than nothing form the question is -- >> is it really a barter it becomes some sort of a crypto-barter. you could have a scenario in this country and i came on here about since months ago and came about -- you could have scenario in venezuela where there's no currency they store wealth in bitcoin. it transaction in dash, and the government's machine works using the petro. that's never been seen before. >> as to brian's question about motivation it's like any company doing an ico, right it's money if people buy the initial coin offering, they will bring in how much money to government coffers? billions >> just this one field, if you were to put in dollar terms, will be $267 billion for a country that has -- they say they have $9 billion i don't think they have $9 billion. >> what seems interesting about this particular ico or cryptocurrency, whatever you want to call it at this point, it seems like it's the on

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petro a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from gore was and many observers are skeptical that the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. and that's your business thank you so much for watching. cut cut cut cut cut cut cut cut cut cut cut. cut cut cut cut. cut cut. me take place personally your wedding with all of the wonderful people and stories that make the game so special. for all true fans farley's blake on more than football online. w true diversity place. where the world of science is at home in many languages. on the top of that i've been wondering for me. now a top of our innovations magazine for in shock some of us from every week and the only solution to the future on t w dot com o

because we know that he is on this anti corruption campaign right now accusing ukrainian government petro poroshenko of corruption. is valid claims or is this a power grab on the part of saakashvili. this is very much been his line since he fell out with president poroshenko. he was brought to the country to reform one of ukraine's most important regions adesa he said that he wasn't being given the power in the freedoms to really make real change there this is definitely a consistent line of his obviously he is a very ambitious politician he's someone who probably isn't going to be happy with being just a governor or a you know a middle ranking law even high a civil servant forever. his supporters the as they have come out for regularly although in droves to smaller numbers in recent months i think the important thing is not just people who support him directly but he could prove to be a christian point someone around to people who maybe aren't usually in favor of him but are against the government of pro petro poroshenko might come on rally around see him as a figure to unite around nico

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from. and many observers are skeptical that was lucian to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. let's talk more about this now with market analyst craig from foreign exchange company craig what do you reckon what are the chances of successful venezuela's petro cryptic current say. i think it's still very difficult to say ultimately what we're looking at here as you should mention the program is a bit of a desperate attempt to both avoid sanctions and also deal with the hyperinflation and other economic issues in the country but that they smoke is the standard by which of the countries choose to adopt their own i'm not necessarily convinced i think some nations

country we'll talk to transparency international about the latest global rankings also this week the petro venezuela becomes the first government in history to launch its own crypto currency plus south africa's new president needs to plug a hole in the nation's finances as cape town faces running out of water. but despite efforts to tackle corruption around the world progress is still frustratingly slow that's according to the latest report from transparency international its annual corruption perception index reveals some alarming trends it shows corruption is still a huge problem for two thirds of the world's economies the report uses a scale of zero to one hundred to rank countries where zero is highly corrupt and one hundred is very clean syria south sudan and somalia ranked lowest with scores of fourteen twelve and nine respectively new zealand counties out on top but with a score of eighty nine the index also shows that one journalist is killed every week in a highly corrupt country the best performing region is western europe with an average score of sixty six the worst performing r

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from go. and many observers are skeptical that the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. and that's your business i thank thank you so much for watching. earth. home is of species. a home worth saving and. those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. by deals to protect the climate boost green energy solutions and resource issues. result of people you can not predict the push to create interactive content teaching the next generation about environmental protection. using all channels available to inspire people to take action and we're determined to buil

capital kiev several thousand protesters have called for the impeachment of president petro poroshenko the protesters included supporters of former georgian leader mikhail saakashvili who was deported from ukraine earlier this week saakashvili was previously a governor in ukraine so dust of region and a prosecco ally but he then became one of his greatest critics. symbiote was president emerson when god was as big condolences to the family of morgan chang the veteran opposition leader died of cancer on wednesday he was sixty five when god will pledge that his government will meet hospital and fiddle expenses. the movers and shakers of the silver screen are in the german capital for the berlin international film festival the berlin it opens on thursday with a hint of hollywood but this weekend the focus has been on the leading talents of european cinema detail the use david leftists and melanie corrigible are on the red carpet for. david and melanie thank you for braving the cold what's getting people

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from. and many observers are skeptical that with solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. and that's your business update thank you so much for watching. we've. was we've was. was . on freedom and hope. where i come from the region is rich in history style and talent but so poor in education opportunity and freedom this makes it specially difficult for independent journalists i see many of the younger promising journalists who are now making names for themselves all over the. song live along the way some might follow. with continue. their experience of freedom in a sense is life experience. you can visit but your call comes back from the. mining indus

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from go. and many observers are skeptical that the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. and that's your business update thank you so much for watching. cut. cut cut cut cut cut. cut. cut cut cut cut cut cut cut. cut. and while a. venture of play. by airplane seventeen thousand kilometers in six weeks flagrant streaking landscapes claimed precariously spurring. touch to go for symmetry clubs throughout china starting february twenty seventh place to go and. one might have made by the smell of. the ws springs to challenge. the dispersed teams and. plays them instead let's go on clues like this you can tell us about things you should check it out you

the trail from the gas station in brasilia soon led investigators to petro boss a semipublic petroleum multinational brazil's biggest company it is at the heart of the scandal. investigators netted a particularly big fish early on marcello or developed c.e.o. of a major construction conglomerate had set up his own bribery division its slush fund paid hundreds of millions of euros in bribes to politicians and political parties. we have. i don't know of a single brazilian politician who was elected without money at best some might claim to have. been unaware of it in the final analysis though the campaign funds they received from their proxy also came from these illegal accounts this is how it works in brazil it's a vicious circle and the few movies you are real. or depression is the principal witness in the corruption scandal and his testimony has struck fear into the heart of brazil's political elite he's been sentenced to ten years in prison. his construction conglomerate also reaped huge profits from the world cup and the summer olympic games for instance during the renovation of the

ukraine in two thousand and fourteen as an advisor to his student friend and the country's president petro poroshenko back then he traded his georgian citizenship for a ukrainian one but soon the two allies had a fall out when saakashvili started criticizing poroshenko government and launched a nationwide anti corruption campaign he lost his office and became a stateless person after his passport was rescinded last september he returned to kiev despite being far from welcomed. his deportation now comes as no surprise only last week a ukrainian court rejected his appeal to be given special protection against a possible extradition. really is now in poland the country from which he left crossed the border into ukraine forced or agreed to take him because he is married to an e.u. citizen. and for more let's bring in w correspondent nicholas connelly who is standing by with the latest from kiev so nicolas what more do we know about this mysterious case. well sarah as you saw in that report it's been an eventful few years for me cause second civilian today was no exception we got word mid after

fourteen seconds really arrived in ukraine as an advisor to an old friend and the country's president petro poroshenko he became a ukrainian citizen and the governor of the odessa region but soon the allies had a falling out sakit started criticizing poroshenko his government and launched a nationwide anti corruption movement soon he was stripped of his ukrainian citizenship while abroad but in september he returned to kiev. and his deportation may not be entirely surprising just last week a ukrainian court rejected his appeal to be given special protection against possible extradition. really is now back in poland and he's vowing to fight on i love poland but my fight. and sack is really says he remains confident and he says he'll soon give a statement on his deportation. and how exactly will he fight to the end for the very latest let's go to nic calmly standing by for us in care of next season warsaw now he's described the incident as a kidnapping as we just saw he was detained by masked men what's the latest on the situation. good morning brian well it certainly was a pretty dramatic af

before superman the perfect kryptonite was made the cryptocurrency the petro superman would be able to handle us we have our own cryptocurrency brazil's senate has approved a presidential decree allowing the military to take over policing in rio de janeiro soldiers began patrolling the streets on friday the government said the move is needed to combat rising gang violence but it's prompted protests with some saying it could lead to the use of excessive force. that is the woman in thailand who are defying a ninety year old ban they want to be ordained as buddhist monks and their actions are gaining popularity scott heard the reports from bangkok. it's a common sight with an uncommon twist buddhist monks collecting all names during the pre-dawn hours and rural thailand but beneath these saffron robes are women female monks are not recognised by thailand's buddhist leadership or by the government in one nine hundred twenty eight the thai buddhist supreme patriarch banned them even though the constitution guarantees religious freedom the government has always supported the ninety year old

ukraine in two thousand and fourteen as an advisor to his student friend and the country's president petro poroshenko back then he traded his georgian citizenship for a ukrainian one but soon the two allies had a fall out when saakashvili started criticizing poroshenko government and launched a nationwide anti corruption campaign he lost his office and became a stateless person after his passport was rescinded last september he returned to kiev despite being far from welcomed. his deportation now comes as no surprise only last week a ukrainian court rejected his appeal to be given special protection against a possible extradition. really is now in poland the country from which he left crossed the border into ukraine forced or agreed to take him because he is married to an e.u. citizen. and for more let's bring in correspondent nicholas connelly who is standing by with the latest from kiev so nicholas this sounds like a pretty mysterious case what's the latest. good evening sarah well he is now in warsaw he says this isn't the end of the road he says that his thoughts in ukraine and also in

petro reinforces our economic dependency.e a lolook at what is happening in the markets for you next. european shares trading down. in the u.k., shares in the auto association have plunged by more than 20% after a warning of lower profits. meanwhile, the mining and trading giant glencore is up over 3% after their latest results. genie: air france now has warned passengers to expect disruptions in flights tomorrow. stephen: they have canceled half of the flights from paris as well as some medium and short flights. this as crew and staff prepared to walk off the job in dispute over pay. they a are not the only once seeking a pay rise, though, as france's economic conditions have improved, so have demand for wage increases. >> in france, , they are calling for a 6% boost. the french industrial group is seeing walkouts, too.therere are other rumblings at other companies. as the e economy seems to be picking up, many in the french workforce see it is high time they were rewarded. >> they have gone on about the crisis. now they hav

americans who invest in petros will be subject to legal action.babwe tried this years ago, their currency fell through the floor so they marketed a new currency, and the day it came out, it also fell through the floor. >>> back here in the united states, where people do trust the government, president trump is proposing a 13% increase in defense spending. that's an additional $716 billion, with a "b," to the pentagon's share of the budget. that's putting america's defense industry in a prime position to profit, especially one company, lockheed martin. last year, lockheed sold $35 billion in aircraft and arms to the u.s. government. that is a huge amount of taxpayer money going to just one single company. to give you a sense of how huge that is, it's about the same amount president trump is proposing for the state department in his budget next year. it is $15 billion more than what he wants to allocate to nasa. >> remember when we were growing up, the military industrial complex, we thought that was a thing of the past, apparently not. this is your

streets of kiev saying that he wanted to quote dismantle this rotten and corrupt system calling for petro poroshenko as resignation saying that that is only the first step essential these two men they were once political allies walk us through what happened. well even more than political as these were friends from their student days they've known each their very long time since the late eighty's when sex really was studying here and have at the same time the poroshenko was so twenty fourteen a year off to leaving office in georgia has to be said that he did leave office peacefully all to losing an election ga something that's not necessary given in this part of the world because i really came to ukraine at the time of the my down uprising against the then president in a cove it is a time where ukraine was striving reactively towards integration with europe and towards fighting the corruption that has dogged this country for the last two decades and he was brought in as someone with the experience of carrying out radical anticorruption reforms back in his time in georgia and he was given t

venezuela is cryptocurrency to petro is just one day all over the country socialist leaders are already claiming a big success saying dave received more than seven hundred million dollars worth of bids in a private pre-sale president nicolas maduro said the petro would reinforce the country's independence is the first digital currency to be backed by a state and its price will be linked to that of a barrel of venezuelan crude oil when it goes on sale next month when israel has the world's largest proven oil reserves but it is in the midst of a crippling economic and political crisis. authorities in the e.u. are reading themselves to impose high tariffs on american products like whiskey orange juice and motorcycles that's if u.s. president donald trump follows through on his threats to hit imported europeans deal with punitive measures u.s. secretary of commerce wilbur ross has suggested the likelihood of putting a twenty four percent tariff on all still steel imports or introducing a quota. emotions are running hot in the steel sector it could be the next flashpoint for trade between th

venezuela has it just announced petro currency. so this is something going forward that could be a possibility as the sovereign currencies i don't know i haven't read the white paper on the petro but i don't know if that's workable but i think in the future there could be something that is like you know the alas alas k. if you're a resident of lasky receive some money every year it's like a thousand two thousand three thousand dollars check that comes in because you live in the state and the oil in the state produces a lot of oil so they get a share of that so there could be a way to distribute instead of having oligarchs and all they sort of a very wealthy few where they're you know you're in an oil rich country or mineral rich country if it just goes to a handful of people that get to you know for some reason get the exclusive access to the assets of the nation that happened to lie under the nation you know this is a fair way to distribute the coins or a mention of the government in america subsidizes the energy industry tens of

got inked in that particular moment as well so what we're really seeing is i think is you know the petro dollar got a stablished in one thousand nine hundred seventy four and it's been in play ever since and now we're seeing some very large international moves geopolitically to begin to reorient that particular power dynamics abart i think this is actually really big news the gold is just it's just the purchase by russia that's just a little bit of smoke in the story that's telling us what the larger sweep of this game is but i don't think you can understand the gold story without understanding the dollar and the petro dollar story and the realignments that are happening it's very interesting chris thank you for that and i do want to shift just to gold separate from russia just briefly gold is trading around thirteen thirty seven thirteen forty today and we waited a long time for it to go get above thirty hundred dollars an ounce but what's your take on where gold may be going this year particularly in light of some of the volatility we've seen in the equities markets. well i think gold

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petro a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from us and many observers are skeptical of the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. now corruptions a huge problem in many parts of the walls and in most cases it is the poorest communities who suffer the most a result now fighting back so often risky especially for those with little power well today to mark wall to social justice day we're bringing you a story from peru where fall maize in the u.k. jali area in the east of the country have been speaking out against business deals they say accusing deforestation and destroying their livelihoods down the village of santa clarita. locals are trying to take legal action to stop to try and stop intern

fourteen seconds really arrived in ukraine as an advisor to an old friend and the country's president petro poroshenko he became a ukrainian citizen and the governor of the odessa region but soon the allies had a falling out sack israel and started criticizing poroshenko his government and launched a nationwide anti corruption movement soon he was stripped of his ukrainian citizenship while abroad but in september he returned to kiev. and his deportation may not be entirely surprising just last week a ukrainian court rejected his appeal to be given special protection against possible extradition. really is now back in poland and he's vowing to fight on i love poland but. and really says he remains confident and he says he'll soon give a statement on his deportation. and he joins me now from kiev nick saakashvili says he was kidnapped and looking at the pictures it didn't look as if he was leaving voluntarily. good off number two well that's certainly the case i think ukrainian officials had to learn their lesson from a couple of months ago just for christmas they tried to detain him in a si

state owned petro china is already the largest foreign investor in iraq and it could work with us chevron and francis to tout to exploit the field other big players include exxon streets the story for those to lazy to find a bin for their trash and jenin city is taking on the disposable coffee cup culture and it's burned up quite a nice idea. street sweepers in hanover have had enough of disposable cups with all too many pedestrians simply dumping them on the street as soon as they finish their coffee the explosion of coffee takeaway outlets in recent years has unleashed a steadily growing flood of extra trash and pick ups take up a huge amount of space in trash cans it only takes four or five large ones to fill up an entire sack. but. the number of cups we get nowadays is just huge every kiosk every cafe sells them and it's causing enormous problems here in hanover. on average hanover's half a million plus residents jettisoned over twenty million used paper cups annually the city authorities decided that was far too many and began fighting the deluge a year ago. the cardboard on the surf

this is an unregulated market so people need to be aware of that as well when you know investing in petro yes and we've seen concerns over just the complete lack of transparency in regulation around your regular cryptocurrency is how transparent is this and how vulnerable could it be to corruption it's a very volatile market and high risk and i mean i'm not i'm not going to come any further on corruption i think people should be very aware when looking to put money into seems like petro you know but of we know that when israel is doing this to see billions of dollars of foreign investment that's that's a key motivation and the first thing that foreign investors think about when they're looking at. any emerging market or developing country is transparency and corruption so i mean is this going what i'm saying is is this going to attract that the billions in foreign investment they're seeking well right now we don't really have what you permission on what exchanges will be used and you know this is just so way so yeah i think that's the main issue but nobody knows when it comes to obviously

the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petro a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from us and many observers are skeptical that the solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. and more business later in the show now back to the love with thank you so much funny we saw a lot more to tell you about is coming up islamic states in the philippines president. claims a victory over the terrorist militia but is he's celebrating prematurely plus france a star by asleep picks up his there on gold of the winter olympics we'll bring you that a look at the headlines from the day eleven. data no more. come right up. my big brother it's very moving for me to hold you in my arms. my name is. right i'm a capo in chief of the holy tribe and an ambassado

venezuela has it just announced petro currency. so this is something going forward that could be a possibility as the sovereign currencies i don't know i haven't read the white paper on the petro but i don't know if that's workable but i think in the future there could be something that is like you know the alas alas k. if you're a resident of lasky receive some money every year it's like a thousand two thousand three thousand dollars check that comes in because you live in the state and the oil in the state produces a lot of oil so they get a share of that so there could be a way to distribute instead of having oligarchs and all they sort of very wealthy few where they're you know you're in an oil rich country or mineral rich country if it just goes to a handful of people they get to you know for some reason get the exclusive access to the assets of the nation that happened to lie under the nation you know this is a fair way to distribute the coins or a mention of the government in america subsidizes the energy industry tens of bi

state owned petro china is already the largest foreign investor in iraq and it could work with the u.s. chevron and france's to town to exploit the field other big players include exxon mobil russian oil and british petroleum. but the world's second largest oil company royal dutch shell was less optimistic about the field saying it wasn't profitable enough it's pulled out and plans to focus instead on gas production. building nations to cleaning up all streets a story for those too lazy to find a bin for their trash and jenin city is taking on the disposable coffee cup culture and it's burned up quite a nice idea. street sweepers in hanover have had enough of disposable cups with all too many pedestrian simply dumping them on the street as soon as they finish their coffee the explosion of coffee takeaway outlets in recent years has unleashed a steadily growing flood of extra trash. and for cups take up a huge amount of space in trash cans it only takes four or five large ones to fill up an entire sack. but that is an enormous number of cups we get nowadays is just huge every kiosk ever