coming up after the break katie pilbeam and venture capital might even catch me in there as well. the u.s. government project arrow marty has been in place for twenty years this project was designed to break the media monopoly of cuban television by putting u.s. government propaganda up to t.v. screens this injection of american t.v. works with a blimp and a c one thirty military plane working in tandem you know this would actually be a major achievement in the history of technology if it actually worked this program which over the years has built up a billion taxpayer dollars simply does not work but continues to exist despite the cuban government completely blocking the transmission the official logic of continuing the program is that it would send a bad message to the cuban government if they stopped brilliance and action but the big question is who gives the u.s. government the right to propagandize cubans just because they have a different lifestyle doesn't mean it is wrong and the u.s. government does has the right to destroy it and even if cubans on mass actually do hate th

i'll be back with more of the weekly four in about thirty minutes from now in the meantime katie pilbeam bring suit in this week's top business news that sinan venture capital after the show will bring you all to london was going. along with the. leg. dramas the chance to be ignored. stories others who refused to notice. faces change the world writes never. sold picture. from around the globe. up to. wealthy british not to. talk to us because we're going. to. market why not. find out what's really happening to the global economy there's a report on our. ally you want to venture capital i'm katy pilbeam this week greece's state television went back on handguns happens to still be weighed down by its finances plus the money at stake coming to moscow next week will be checking out what can be warring through this guy's in-house investor sean thomas he's voice of the business that's to tell us all about what he's been up to the weekend or last since our last week at c.b.s. early close to that corporate he's been. libya's oil industry the country is a lifeline is in danger of destruction as p

top sources of income tourism is now under great threat our chief business reporter katie bill beat pilbeam now joins us to tell us more how big is the tourism industry. it's one of the most popular places to go and it makes up twelve percent of the egyptian economy one in eight egyptians what it in and around the industries are not just hotels but restaurants to guys museums camel rise all sorts of things. and i can tell you that prices have been slashed considerably and that's because warnings have gone out from all sorts of countries germany italy belgium switzerland france even russia too which is significant because russia quite so the most amount of terrorists go to we know that you don't need a visa to go there so it's a very popular base russians are renowned for their resilience to going to personal going really do you believe that the warning signs of now come from the russian government say do be careful and only go if it's absolutely necessary exactly what the british government of said as well. because its company is too big energy companies including shell b.p. . huge natural

like we will certainly be hearing more about this digital currency thanks so much katie bill being pilbeam from venture capital explain what this means for the digital currency. well it seems the x. files truth is out there the us opens up to shatter theories of u.f.o. experiments taking place in a super secret military base in nevada had to r.t. dot com and check out what's really going on in area fifty one. also online russia's security services aim to bring down an underground computer network whose i don't minute he is serving as a magnet for criminals. egypt's government confirms its security forces have killed thirty six muslim brotherhood supporters that attempted to escape during a prison transfer officials claim the prisoners took an officer hostage but suffocated. police used tear gas this as the death toll climbs to over eight hundred in clashes between supporters of ousted as well as president morsi and security forces they you now plans to review its five billion euro loan an aid program to the country with some u.s. senators also calling to cut military contracts egypt has be

welcome to venture capital with me katie pilbeam well we're going to be discussing some of the we think it is a new story it's find out what's been very good shaking the global markets corporate news coming up. in cities are going to jam packed so you just say that we're going to get stuck in and talk about china because the world's second largest economy has been setting off all kinds of alarm bells this week it's now on track for its poorest before months since one thousand nine hundred ninety eight after growing at an average annual rate of just under ten percent of the last thirty three years the latest figure of seven point five percent is causing concern is the news we didn't want to hear from china or is manufacturing sector the backbone of its economy continues to slow more signs of weakness in the world's second largest economy we've got an economy which just isn't slower and there's a record i mean it's collapsing considering parts of europe are dealing with flatow even negative growth right now why all the fuss over china that well fuzzy let's take a look at some point five p

up but first we have a chance to get updated with the latest financial twists and turns with katie pilbeam new program venture capital. wow revolutions in the middle east sure get a great deal of coverage what you don't mix a lot of sense revolutions or exciting t.v. peaceful protests or nice but footage of moloch tough cocktails flying and crazed crowds of local middle easterners really grab attention so there's a logical natural reason why some protest movements get a lot of coverage in the mainstream media well others kind of don't please forgive me for being conspiratorial but there is one revolution going down which does have all the exciting visuals of the arab spring but just doesn't get any of the mainstream coverage in fact unarmed people in this country recently stormed the parliament trapping ministers and lawmakers with that they held them down for eight hours demanding the government resign until police with shields smash their way through creating a narrow corridor through which the officials could escape now that sounds like exciting and visual news but why did you hear abou

that welcomes event to capital with me casey pilbeam this week we're going to be talking about bankers the salaries all they still to live a good exclusive interview coming up on that one also the world's highest paid female athlete find out who they all started school see with kate politics all the sports presenter coming in to talk to me about football and face ness as well as outgoing corporate news and checking in the market stats with our in-house trade a hair i'll say that it's old to convalesce gets. stay with us yes because the official figure of sixteen trillion dollars seemed warningly high but according to a study by the university of california america's debt is actually four times higher at seventy trillion dollars so how much does that sum equate so let's compare it to the world's most valuable company apple save a guy that now as you can see this official figure equates to foresee apple empire as bar professor how much and start is found that the u.s. has over seventy trillion dollars of unaccounted for debts which would make up a total of one hundred sixty five apples b

russian laws that tackle konami crime really are and earlier i talked to business presenter katie pilbeam and she explained the recent trend to relax legislation and what effect it could have on the investment climate . the business community to get a positive it was seen as reducing red tape making russia more transparent a more friendly place to come and want to do business on the almost one for entrepreneurs boris toss off he said at the time it's quite full morale is great for the ethics in that it would lead us into a more prosperity more development so it's seen as modernizing russia in a business platform and certainly a great sign for investors you know because i have been cautious when it comes to russia so if i get good it's going well as well i would say the g. twenty coming up in exactly a month's time now we know that russia is going to take cases self investment opportunities and he economy is still winning at the moment so i would say it's clever timing as well for a much say now more stories for you to check out at or to dot com including in free dataflow we trust our acti

of what's in venture capital i'm katie pilbeam basically grace the state television went back on that contact as the still be way down life find out this is tough for the mom and say coming to moscow next week with me taking out what's going to be boring if they're even gone. in-house investigation on thomas these boys at the business desk and as one of our he's been up to the week nearly lost in the last week receiving really close corporate used to libya's all industry the country's lifeline is in danger of destruction as ports guard strikes continue to disrupt the country's exports with an estimated loss of one point six billion dollars the lawlessness at the ports has been caused by competition between members of the nudie placed petroleum facilities gas made up of ex militia members fighting amongst themselves the selling of the country's oil for personal gain and the country is reliant on or like sports accounting for ninety five percent of all output the produces shipments have been cut to their lowest level since the civil war twenty eleven with some estimating just three hund

pilbeam the host of artie's new business show venture capital told us. the underlying problem that kickstarted the ongoing european debt crisis is greedy bankers being paid excessive amounts to take unnecessary risks is still a problem now the latest data from the european bank your thora t. is likely to yuri a the average e.u. citizen is struggling to make ends meet in these times of tough budget cuts the figures reveal that the bank is at the ferry heart of the crisis three thousand of them are taking home more than one million euros a year in pay and bonuses but most of that cash is being dished out in london's financial center accounting for three quarters of the seven figure salaries in the e.u. now germany came in second with one hundred seventy bankers receiving one million years or more and france came in. with one hundred and sixty two so as you can see there's a huge difference between london and the rest of the e.u. . but the biggest disparity of or is between the haves and the have nots as the rich continue to get richer and the poor even poo

richest man the we can discuss the economic implications of this piece of news with business predicated pilbeam so can you tell us what could that mean and what implications for the business community in general could have and why was that she had this in pieces by the economic forum back in june when the details with us were filled by a president who said i contend that the business. to get a positive it was seen as reducing red tape making russia more transparent a more friendly place to come and want to do business on the almost month aunt and as boris toss off he said at the time it's quite full morale is great for the ethnics in that it would lead us into a more prosperity more development so it's seen as modernizing russia in a business platform and certainly a great sign for investors you know because i have been cautious when it comes in russia so i guess the good is going on as well i would say this about the g. twenty coming up in exactly a month's time now we know that russia is going to take cases for investment opportunities in the economy is still winning at the moment so i would

spurred oil and gold prices while investors rush to pull their money from stock markets or he's katie pilbeam looks at how the rhetoric's affected the world economy. bombs they aren't falling yet on syria global financial damage is already being done gold is what people usually turn to in these uncertain times that russia is very much being felt in earnest hey we got the billion up forty dollars an ounce just over the last two days alone oil prices are surging to their highest level since twenty eleven that is over concerns that are american and british an attack on syria will bring about a serious consequences and threaten global surprise now the middle east as a whole accounts for over a third of all oil production and holds even more reserves leaving bank associate general has said the u.s. led attack on syria could see the price of oil spiked to a hundred and fifty dollars per barrel such a level could have a disastrous impact on the global economy already challenged by storing grow that and own growing recessions as well our sanctions have also severely restricted or like spots from syri

billions being lost will only affect the chaos exact for the world i should isn't it really is kitty pilbeam our business reporter breaking down the situation in egypt thanks for that. one of the biggest cities and business hubs in russia's far east is in danger of being swamped by the most powerful flood the region has seen in more than one hundred years is now on the front line in the fight against the delos which is expected to deal its hardest blow in the area in the next few days as artist paul scott reports the aftermath of the flood will be felt long after the water recedes . for many in russia's far east the misery continues homes uninhabitable lawyers turned upside down around thirty thousand people have seen their property submerged causing a logistical headache for authorities all t. traveled with emergency crews as they conducted one patrol in the village of bella good. this resident dismissing the chance to leave choosing to remain with her fifteen cats i will leave my pads and they don't evacuate paths where we do take pets i told you we do and i also wanted my books and my rec

damage to the economy has come from the loss of tourism a key source of revenue for egypt artist kate pilbeam host of venture capital explains. it's hugely important it makes up twelve percent of egypt's g.d.p. that's equivalent to what u.s. manufacturing contributes to the u.s. economy as well as that one in eight egyptians work in the industry in and around it whether it's in a hotel restaurant water or taxes or just this week it's been a bad week because we've had museums and architectural sites being closed down but let's just have a look at demonstration as to how those numbers have declined you'll be able to see that in twenty ten the year before the revolution the industry was booming with a record fourteen million tourists arrived thirteen percent of g.d.p. at that point one in seven egyptians what it plummeted to nine and a half in twenty eleven and is yet to recover a rebound was expected this year but those estimations have now been revised to see violence has taken off again so as you can see that it's been a time these two years absolutely and there's been warnings come out in ab

to the gold standard and that slicing up the whole market is ati's venture capital show host katie pilbeam explains. the chinese buyers have been snapping it up because it is cheaper prize music currently consider a ball good also a feeling demand is a desire for a physical assets instead of bombs or betting on foreign exchanges so here we go then these other countries are the world's largest gold reserve. although it's actually suspected that china has far more than these official figures suggest it may even have more than that of the us china is also the world's largest producer of gold and could soon become the biggest consumer pushing india off the top spot in that department. so despite your all the dole years ago china's recent interest demonstrates the precious metals lost none of its sign is growing interesting gold is part of its attempt to float one as part of nor turn it into the world's leading currencies at least that is the view of george who an analyst on china u.s. relations. i think china is moving towards becoming. another. currency for a foreign exchange reserve and they

business reporter katie pilbeam is here to tell us more. well indeed tourism looks like it's going to take a huge hit there is a tell us how important this industry is for the country yet it's hugely important it makes up twelve percent of egypt's g.d.p. that's equivalent to what u.s. manufacturing contributes to the u.s. economy as well as one in eight egyptians in the industry in and around it whether it's in a hotel restaurant or taxes or just this week it's been a bad week because we've had museums and architectural sites being closed down but let's just have a demonstration as to how those numbers have declined you'll be able to see that in twenty ten the year before the revolution the industry was booming with a record fourteen it interested by thirty percent of g.d.p. at that point one in seven egyptians what it plummeted q nine and twenty eleven and is yet to recover a rebound was expected. estimations have now been revised the violence has taken off again so as you can see that it's been a small time these two years absolutely and

country's top sources of income tourism is now under greater threat artie's business reporter katie pilbeam has more. one in eight egyptians work in and around the industry restaurants hotels or skies water sports you name it and it has taken an absolute battering that's because warnings of come from the likes of germany france switzerland sweden britain and even russia now warning people to even not go or be vigilant when they do go or only go absolutely essential now russian is significant this warning from russia because this equates to the most about the visitors that go to egypt is incredibly popular but apparently now the numbers are just starting to indulge and apparently by september we might have a situation where there will be no russians a tool and we know that russians normally go no matter what so this is a problem for egypt having said that it's not just to raise them either it's companies there as well we've got huge energy companies including b.p. shell there as well. general motors as well all these companies are really the whole team production sending people home or just

arty london line i'm going to step aside here on the program for a katie pilbeam and her program venture of comedy. all. led . police. to more news today volunteers once again fled up please and these are the images the world has been seeing from the streets of canada. the giant corporations are all today please. we're putting the word. it was a lie you want to venture capital i'm katie philbin but a basically three state television went back on handguns happened to still be weighed down by its finances but for the money at stake coming to moscow next week would be checking out what could be warring through this guy's in-house investor sean thomas he's voiced the business that's ahead as well about what he's been up to the week nearly lost in the last week or to be really close knowledge that corporate he's going to get libya's oil industry the country's lifeline is in danger of destruction as ports guard strikes continue to disrupt the country's exports with an estimated loss of one point six billion dollars the losses at the ports has been caused by competition between members of the n

that welcomes event to capital with me k c pilbeam this week we're going to be talking about the bankers the salaries all they still to live a good exclusive interview coming up on that one also the world's highest paid female athlete finding out today all thanks for saving kate politics artie's schools presents a coming in to talk to me about. for business as well as that we've got corporate news and checking in at the markets desk with our in-house trader here i'll see that it's all to cumberland to get started with us. because the official figure of sixteen trillion dollars seemed warningly high but according to a study by the university of california america's debt is actually four times higher at seventy trillion dollars so how much does that sum a quite serious compared to the world's most valuable company apple say we gave them now as you can see this official figure equates to forty apple empires bar professor how much and studies found that the u.s. has over seventy trillion dollars of unaccounted for debts which would make up a total of one hundred sixty five apples but it turn

legal tender valid for the go and tax purposes watty as host of the venture capital program katie pilbeamjoins me now was more so actually incredible news in fact for germany's so what does it actually mean what will change for germans using a big coin now with the father that it's in they go is great for the image of the brick in the very fact that people have got to worry about breaking a law they can buy their goods and services a great and it's great for the transparency for the trustworthy of the coins as we know since its introduction four years ago has not been short of controversy about the show and that's because it has a sions of money laundering drug smuggling and that's because it doesn't have any satiation with a cent to a bank or central government and maybe this is something that makes it even more appealing exam now the new york is gripped you know the. we are also currency manipulation and debt is well that's what makes it so are there any people in that intervention for some government. as well as that like i say there's also the negative come. cover that as well because

of what's in venture capital i'm katie pilbeam basically the state television went back on that contact as. to still be weighed down by its finances plus the man at stake coming to moscow next week will be checking out what can be warring through this guy's in house investor sean thomas he's voiced the business that's ahead as well about what he's not going to be making a little freaked out last week the c.b.s. early close outage that corporate used to libya's oil industry the country's lifeline is in danger of destruction as ports guard strikes continue to disrupt the country's exports with an estimated loss of one point six billion dollars losses at the ports has been caused by competition between members of the nudie placed petroleum facilities gas made up of ex militia members fighting amongst themselves the selling of the country's oil for personal gain of the country is reliant on or like sports accounting for ninety five percent of all output the produces shipments have been cut to their low.

imports are forecast to rise to over six million barrels per day artie's business correspondent katie pilbeam has more. well investors really it's a sigh of relief that we see we had a a metal is rally on our hands at one point and it's not just oil that's making its way to china in record amounts but soya beans iron as well but the oil really demonstrates a change in dynamics is a global shift the u.s. has been the top or the consumers it's the early ninety's or the fact that china is growing they need the oil for that they need it for their cars for their factories for the infrastructure but really aligned to this is what's going on in the u.s. domestically to show you gas through and they're far more self-sufficient than ever before the people who are set to benefit iraq especially that's where the most oil goes to more than half actually comes from iraq and the middle east in general but russia is also going to want to listen in to this we know that russia wants to tap in being neighbors into this market just like china more attractive this data really but as well as that it's not just ab

six million barrels per day while for more on this i'm joined by our business correspondent katie pilbeam good morning to you what's been the market reaction to this well a sigh of relief really there's been a lot of fuss about the fact that the chinese economy has been slowing down but this demonstrates that divide is indeed healthy without growth estimated at seven point five percent china now imports sixty percent of that oil it's not just oil that they've been importing in record amounts but also so we have been i and two we have a metals rally going on really is all that demonstrates the global shift because the us has been the biggest consumer of all since the early one nine hundred ninety s. so it is a big change but what you teach why are we seeing this yet with the father china's growing for a start they need it for their cars their factories for the ngos lying to this is the shale gas revolution that's been going on in the us and the us is becoming more self-sufficient and less reliant on imports and so what's the picture then global oil market well for the global market i would

partnership with the state firm which didn't go down well with the country's authoritarian leadership pilbeam picks up the story the head of your account has been snatched at the airport being being thought to be the first hostage in this so-called potash war so they're saying now i just want to give you a bit of a background that he's accused of abusing his power in the partnership that class was in your county and bellerose college together this potage cartel accounted for over a third of the global twenty three billion dollar industry and that partnership fell apart at the end of july when your i callate accuse the other producer of undermining their cells that's the business part of it so getting a little bit political at the moment is moscow's not too happy about the action is somewhat fieri you know looking at the t.v. while there is rich is powerful people in handcuffs you know surrounded by about there is please i can say that the deputy prime minister hugo chavez of his saying that it's all inappropriate and not fitting as to have partnerships it's a little bit out of hand or a spy t

could be holding up to ten thousand tons in the reserves all these venture capital show host katie pilbeam explains some of the chinese buyers have been snapping it up because it is cheaper price means they currently consider a bargain also a feeling demand is a desire for physical assets instead of bonds or betting on foreign exchanges so here we go then these other countries of the world's largest gold reserve. although it's actually suspected that china has far more than these official figures suggest it may even have more than that of the us china is also the world's largest producer of gold and could soon become the biggest consumer pushing india off the top spot in that department. so despite all the dull years ago china's recent interest demonstrates the precious metals lost none of its sign. now if indeed the dollar era does come to an end the world can change back to the gold standard and if that happens though china is most likely to come out on top that's according to james corbett of the corporate news report website and he was talking to my colleague andrew pharma a bit earlie

but first we have a chance to get updated with the latest financial twists and turns with katie pilbeam and our new program venture capital. wow revolutions in the middle east sure get a great deal of coverage what you don't mix a lot of sense revolutions or exciting t.v. peaceful protests or nice but footage of moloch tough cocktails flying and crazed crowds of local middle easterners really grab attention so there's a logical next reason why some protest movements get a lot of coverage in the mainstream media well others kind of adult please forgive me for being conspiratorial but there is one revolution going down which does have all the exciting visuals of the arab spring but just doesn't get any of the mainstream coverage in fact unarmed people in this country recently stormed the parliament trapping ministers and lawmakers with that they held them down for eight hours demanding the government resign until police with shields smash their way through creating a narrow corridor through which the officials could escape now that sounds like exciting and visual news but why did you hear

officially recognize virtual big queens as legal tender value for tax purposes and recognized in law katie pilbeamfrom artie's venture capital program explain more to me a little earlier. the father this illegal is great for the image of the big car and the very fact that people have got to worry about breaking a law they can buy their goods and services for your freedom it's great for the transparency for the trustworthy of the coins as we know since its introduction four years ago has not been short of controversy about the show and that's because it has asians of money laundering drug smuggling and that's because it doesn't have any satiation with the central bank or central government and maybe this is something that makes it even more appealing exam now than they were is gripped. and we're also currency manipulation and debt as well that's what makes it so are there in the people in that intervention for some government. as well as that like i say there's also the negative connotations that come with that as well because you don't have the regulation and that's a problem said by making it leg

conjurer a heavily dependent on fuel exports that represents a catastrophic loss of income are dedicated pilbeam explains. according to the libyan oil and gas minister nearly one point six billion dollars has been lost in less than a month because of the security guard strikes libya's two main crude oil export terminals remain sharp which means the country's financial recovery after the twenty eleven brest has been told the contras reliant on oil exports accounting for ninety five percent of all output produces shipments have been cut to the lowest level since the civil war of twenty eleven will than half of libya's it's what capacity with some estimating just three hundred thousand barrels per day and now being shipped out of the country and as a consequence libya's government to have said it will use military force if necessary to stop the striking security guards from selling the countries or independently but the root of the problem remains is the ousting of gadhafi regime the country is still plagued by chaos this time the cause is economic and north. that is of economic turmoil and infight