ebay, the global commerce and payment company with 31,000 employees in 33 countries around the world, driving three different businesses. there is the online marketplace where 124 million active users buy, sell or bid on more than 500 million items. in the u.s. alone, a flat screen tv gets sold every six minutes. men's sunglasses, a pair every 18 seconds and globally every minute, 362 pieces of clothing, shoes or accessories are sold just on mobile devices. then there is paypal. where people spent or receive money 729 million time last quarter. more than the populations of the u.s., south america and australia combined. you can paye pay in 26 different currencies on paypal ranging from the turkish lira to the japanese yen. bringing technology like touch screen walls and mobile payments to 500 of the world's biggest retailers and brands like levi, atel and sony. >> for more on ebay's booming business, i'm joined now by the man who is responsible for turning ebay into a global e commerce program. john donaho is the president and c.e.o. of ebay. under his leadership, their revenue has ha

for more on the booming business, i am joined by the man who is responsible for turning them into a global e-commerce platform and a leader in global payments. is the ceo of ebay. under his leadership, they have grown to over $15 billion today. congratulations on that. this is a big time of year frio. >> we're happy to have you here. >> let's talk about thanksgiving. how did it go for ebay? >> it was a very strong week. it has never been a better time to be a consumer. technology is changing how we are able to shop. it is no longer just about black friday. it is the ciber five. it started on thanksgiving day. people shop on their couch. they start shopping on their smartphone or tablet or laptop. that continues throughout the holiday weekend. for that five day. propertiesl of our -- a 96% increase in mobile commerce volume. >> i got 50% of my shopping done. are you done? >> i am not quite done. >> going into this holiday, you were a little nervous. you said you had angst about the commerce market. how do you feel now? to feel a bit more optimistic? >> we're cautiously optimistic. i cannot comment on

for him him more on the booming him and him business, i am joined by the man who is responsible for turning them into a global e-commerce in platform and a leader in global payments. him john donahoe is the ceo of and him ebay. and him under his leadership, they have grown to over $15 and billion today. him him congratulations on that. this is a big time of year for you. him and >> we're happy to have you here. >> let's talk about thanksgiving. him how did it go for ebay? >> it was a very strong week. and it has never been a better him time to be a consumer. him time to be a consumer. technology is changing how we are able to shop. it is no longer just about black friday. it is the cyber five. it started on thanksgiving day. him people shop on their couch. they start shopping on their smartphone or tablet or laptop. and smartphone or tablet or laptop. him that continues throughout the holiday weekend. for that five day period, we saw at all of our properties -- a and him and 96% increase in him and mobile commerce volume. >> i got 50% of my shopping him done. him are you done? him >> i am not quite done. >> going into t

. >> ebay, the global e-commerce and payment company with more in 331,000 employees countries around ing three different businesses. there is the online marketplace, where 124 million active users buy, sell, or bid on more than 500 million items. in the u.s. alone, a flatscreen screen tv is sold every six minutes. sunglasses, a pair every 18 seconds. 300 62 pieces of clothing, shoes, or accessories are sold just on mobile devices. -- then there is pay paul paypal. payments 129 million times last quarter, more than the population of the u.s., south america, and australia combined. finally, ebay enterprise, helping technology through touch screen walls and mobile payments through mode -- more than 500 of the biggest brands among likely buy, mattel, and sony. all of it adding up to more than $14 billion in revenue for ebay last year. >> and emily is at ebay headquarters in san jose. right now, i am one of those ebay chums that still thinks it's an auction site. when you sit down with the ceo today, is that what you're going to talk about? the people like me who think you just go there to

. >> talks in indonesia are seen as a final attempt to save a deal on global commerce and the reputation of the world trade organization. ministers arrived in bali from the start of the wto conference. if successful the agreement they are working on would be the first global trade deal since the organization was created in 1995. we report from new delhi on a major sticking point - food subsidies >> feeding four people on $70 a month is not easy, leaving the family with $10 of essentials. food subsidies is a life line. she applied for a food ration card. they may not exist if the world trade organization has its way. if we get 20 kilogram of grain, it's $10. if we have the card we get it for $2.50. >> the wto is trying to negotiate a world-wide trade deal. that means many countries cutting food subsidies. how much subsidies is a debate rich companies are having with developing ones. four years ago when food subsidies were threatened farmers from india came to new delhi. the indian government stood firm. the pressure is on india and 30 other nations in asia and africa to come into line and

the w.t.o. agreed a deal on global commerce making it easier for poorer countries too trade. it could add up to $18 trillion to the global economy. >> in egypt - 21 women and girls imprisoned for protesting in october, including seven girls under 18. the red cross says 300 people have been killed in 48 hours after violence between militias and the central african republic. thousands of people are looking at refuge at the airport where french soldiers are on guard. >> some people are talking about a religious or sectarian war against christians and muslims. is that how the situation is developing? >> it's a political crisis, and unfortunately some people are using the intentions between the communities peacefully together. about 15 to 20% mousse limbs who are active in the any and now the author represented in politics and some don't like that. this is what is going on. there farmers who are mostly christians who attack muslims in that country because the seleka rebels in power. >> there have been warnings, as you know, about the possibility of what is being already described a

and the world trade organization has agreed to the first-deal to boost global commerce. is designed to make it easier for patioer countries to trade in international markets. an american war veteran denied in north korea for over a month has arrived back in the u.s. here are some pictures that we're seeing of merrill newman. the 85-year-old who served in nortnorth korea was detained. he was accused of being a war criminal. we're in palo alto near san francisco. if we see him arrive at the airport we're expecting him to turn up there quite soon. this is quite a long journey from north convenient. yes, an we him him at any moment now. he may try to sneak in. there has been a lot of media interest at the airport trying to get a word out of him. he thanked evan for their support and kept his remarks very brief. you can imagine how tired he was. what was interesting about this case quite a number of american soldiers who gout in the videoan waterwho served in northkorea. he served as a white tiger and that's the distinction that the north koreans caught. >> how did he secure

this is it, the rise of the drone could transform global commerce. revolution on the high seas as well? coming up next, the potential for a breakthrough that could come straight out of a science fiction movie, seriously. and the little twitter soared after its ipo making it one of the most successful of the year. but it's not quite highed today. we're going to find out why the stock is coming back to earth when we return. ♪ ♪ cheryl: all right, so after all the christmas shipping delays, it could be time to send in the drones. remember the amazon drone? well, the online retail giant is working on an unmanned aerial vehicle that could deliver small packages right to your front door. ceo jeff bezos says those drones could carry box withs weighing up to 5 pounds. then there's google which has just bought boston dynamics, it's a company behind what you're seeing on your screen, the big dog, the four-legged robot? this beast seems quite capable of delivering packages in difficult terrain, even this snowy and icy weather. just imagine one of these showing u

. >> the deal was made in bali and indonesia, aimed at increasing global commerce and making it easier for poorer countries to do trade. >> for the first time in our history we have truly delivered. we have achieved something significant. people all around the world will benefit from the package delivered here today. >> here is what is it could mean. it's claimed it will create 21 million jobs, 18 million in developing countries and cut red removing the need for many taxes and bribes. the w.t.o. is trying to remove all subsidies. the deal means that some developing countries can keep them in they are needed to feed the poor. the results are yet to be seen. india is happy it can keep its subsidy. >> i view this as a victory for the farmers of india, for the farmers, for subsistence farmers of the entire developing country. there has also been a coalition of developing countries that along with its partners, with withstood all pressures. demonstrated solidarity and achieve this. >> the background to this our nt from jakarta. >> a moment of victory after the establishment of the w.t.o., t

absence we'll end up with a much more fragmented system on the financial side and that will lead to associated fragmentation with respect to global commerce and we will undo many of the benefits of globalization. so i i worry about that. i think the challenges the chinese authorities face are considerable. they are the product of tremendous success. they always were going to face these issues in terms of rebalancing the economy. but the -- getting the sequencing right, getting the magnitudes right will be extremely -- will be challenging. and it relates back to the first point which is that we need to take steps that assist in this rebalancing and we need to also have the patience to recognize that timetable that's right for china may not perfectly fit for the timetable that's right for son-in-law of -- advanced economies looking to rebalance. i'll give you one small example, if i may, which is technocratic but important is we're looking at -- to have a ren minute bitrading hub. and part of the reason we're looking to do that, it's a traditional role for london but internationalization of the ren men by is in china's interest. so those ar

the current bitcoin valuation it will need to watch. account for at least ten percent of all global commerce b. to c. transactions business to consumers to become one of the top three players in the money transfer industry and three acquire a store of value reputation close to silver so this is where you come in max this is what you were comparing it to silver right now ten billion dollar value ation silver is at about twenty billion now you know it's a straight rip off of everything i've said everything we've said on the show and the wall street game is to come up with a target thirteen hundred dollars in this case for merrill lynch bank of america they then will raise that target according to their they want to become the x. as it's called on wall street when the top analyst on the street corner an institutional investor or some other you know reputable or reputable you know analysis will look at one or two firms that are the price maker market maker and merrill lynch was to be the biggest player in this i don't blame them of course ok well and you also brought up ron paul so let's talk about what r

the global economy. it is the first deal in the 18 year history of the wto. to help globalpt commerce and food shortages. several street firms are under investigation for the hiring. they have widening inquiring where children of high politician and clients are hired. the u.s. -- there was a big surplus in years. here is a breakdown. >> that is right. almost close to five years. exports beat estimates. , less than expected, but still up. that was as traders where -- existing stock house. -- piles. there's global momentum. european companies and south korea and the u.s. -- when analysts look at the figure, they are slightly disappointed. it shows that china is not importing as much as you would like. a user the sense that perhaps domestic is soft. really focus on the important part of the equation. they have no the export art. can they show that they are not as reliant on exports and that there is a favor for domestic consumption. cbi. begin with coming in at 3%. of course, it is within that target 3%. goodtic producers of services -- falling 1.4%. falling for the 21st month. that is t

we will take you inside ebay for a look at how the company went to online office right to a global e-commercethe loop area -- loop. ♪ >> all day today, bloomberg television has your look inside ebay. we look at how ebay has evolved into a tech giant. surviving and thriving after the.com bust. secrets to surviving is the expansion behind its original online marketplace, including selling tickets from broadway to the super bowl to hub. cory johnson shows us just how -- -- ebay stub hub. >> we are not just about selling tickets. it is about creating the whole fan experience and innovation is used across the business. >> stub hub takes 25% off the top of ticket sales and the rest goes to the seller. stub hub is after a lot more. million back in 2007 and the business has grown dramatically. is selling one ticket every second. >> technology was the enabler for this online secondary ticket marketplace to happen. class features like interactive seat mass and mobile ticketing and ways to buy a couple of seats and split the bill with a friend. stub hub is a risk for ebay. the business has much worse ma

the wto. analysts say it will do more to salvage talks then food shortages and help global commerce. to basically out get an agreement among all of us since 2001 or even earlier in 1995. we have not been able to get an agreement. that is the first part of the significance. ,he second is that the package even though it is small but ambitious in the sense that it basically delivers on parts of economies and the agreement that was reached, i think will set a very good traction for the purpose of moving ahead on development. this is not so bad. >> we are also waiting for official results from india's state elections. the opposition has be seen at the big winner. beginnal state will counting today. paul's point to the national vote which must be held by may. let's have a look at the prospects of the trading week over there and what happened on friday as well. it was higher by about 0.3%. we could be building on that. a group of investors is said to be considering a bid for the qantas fleet. that would offer the struggling carrier a cash lifeline. let's find out more. is this proposal exact

analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. happened in san francisco in july. people died when the bowl and triple seven hit a seawall as a came into land. they're going to look at the pilot performance. on wednesday it is hong kong's biggest debut in a year. china raise about $2.5 billion in its ipo. it was set up in 1999 to deal with bad debt from chinese banks. we're going to be watching out for the reserve bank. new zealand is expe

the business is forced to shut down at any moment britain's chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market are used to preprogram europe and a lot more skeptical now these regulations is disproportionate they're going to force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese and east cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. and next a look at the breathtaking stunts performed by kids in the sack and stay with them . as the media leave us so we leave the needy. by the sea oceans to two or the other your party there's a goal. for shoes that no one is asking with the guests that you deserve answers from it's all on politics only on our t.v. . please. please. please. please. i. the fellow. i milled during if the game of i'm seventeen and i live in the kitchen of the district of st petersburg this is my entrance. death hello. this is my district. football field it's my old school

the business is forced to shut down at any moment britain's chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market or use a preprogram and i'm a lot more skeptical now these regulations is disproportionate they're going to force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese and east cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. and coming up next find out what extremes corporations are willing to go to to get. modest intimate secrets breaking beset with. lead. what defines a country's success. in the faceless figures of economic growth. for a factual standard of living. and. welcome to breaking us but i'm abby martin oh we're almost on the brink of war with syria yes that same like just yesterday that obama was in a pin drop cruise missiles over the basket because assad allegedly crossed the red line just days after the august. twenty first attacks killed nearly fifteen hundred syrian

global internet is a source of american competitive advantage. the u.s. itc documented a growing digital trade surplus. our global competitiveness is not just good for commerce. it is an essential component of our long-term national security. the internet doesn't only benefit the u.s., however. the open internet provides great global commercial benefits. the internet economy in g-20 countries is expected to reach $4.2 trillion by 2016. 21% of economic growth in mature economies over the past five years is attributed to the internet. traditional industries are the beneficiary of 75% of the economic value derived from the internet. thus, we should not underestimate the internet's role in global economic development, which in turn has its own security benefits for the united states and the rest of the world. the nsa's practices clearly impact the business of u.s. internet companies. so much of online commerce today is fundamentally based on trust. if users are going to turn over very sensitive, personal, and confidential information to accompany e-mail and other cloud services, they need to believe the company will act as a responsible steward of their data. al

the business is forced to shut down at any moment for since chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market or used to preprogram europe a lot more skeptical now these regulations is disproportionate in the force business is out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese handy cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. coming up a look at the breathtaking stunts performed by kids in the circus starting with. deliberate torch is on its epic journey to structure. one hundred twenty three days. through two thousand nine hundred top two cities of russia. relayed by fourteen thousand people or sixty five thousand killing. in a record setting trip by land air sea and others face. olympic torch relay. on r t r g dot com. nelson mandela he was almost universally considered one of the greatest individuals of our time he was a prisoner of conscience and a living symbol of conquering to diversity

the business is forced to shut down at any moment for since chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market or use a preprogram europe a lot more skeptical now these regulations is disproportionate force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese and east cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. you're watching aussie international up next to its crosstalk with peter. they look like bounty islands where the locals can enjoy the sun and the ocean. but that was buried here years ago. means these people are suffering the consequences. how much more poison lies on the vis ground. behind this zone there is what we call the callet bank on which there is a deposit of plutonium left by security test which caused the dispersion of radio nuclides despite previous cleaning efforts there remains a deposit of a little less than two kilos of plutonium stuck in the rock band the coral

the business is forced to shut down at any moment for instance chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market or use of preprogramed a lot more skeptical now these regulations is disproportionate in the force business is out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese and east cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. it's been a pleasure having you with us here on r.t. international today our role researcher stepping aside for your leadership of oliver coming up in half an hour but for now look at the breathtaking stance by children in the circus thank you for joining us. nelson mandela he is almost universally considered one of the greatest individuals of our time he was a prisoner of conscience and a living symbol conquering adversity however he was far more complex than most mainstream media are willing to admit mandela's legacy is so much more than merely being a figure of inspiratio

the business is forced to shut down at any moment for since chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market our use of preprogramed and i'm a lot more skeptical now these regulations is disproportionate they're going to force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese handy cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. and coming up on l.c. international a look at the breathtaking stunts performed by kids in the circus and for you in the u.k. it's optional at times say his show going out to. right to see. her street view and i think your take. on our reporters like. instagram. i. am a. young mom. when you talk about working with the society of one who do you think should be in charge of determining between us two to actually be the people who should be the government's this is not the issue about right or left it's an issue about fundamentally small recs to meet with so what

the business is forced to shut down at any moment for instance chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market or use a preprogram europe and a lot more skeptical now these regulations is disproportionate they're going to force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheesy and e.'s cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. it was appreciated company thanks for being with us again tonight second one twenty seven am in the morning here in moscow coming up of the break the story of a theater in some papers but it takes disadvantaged children off the streets in terms of their real life line is this the next program on r t international. they're calling obama's happy smiling sophie photo with the danish and british prime ministers at the mandela funeral an international incident but before we rail on obama for doing something stupid a funeral we need to clear one thing up the washi

the business. it's forced to shut down at any moment for since chamber of commerce say that companies complain increasingly about the burden of european regulation making them less competitive in the global market i used to preprogram and i'm a lot more skeptical now these regulations is disproportionate they're going to force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheesy and e.'s cigarettes but a reminder about how differently the european union is viewed in british business pretty boy k. r.t. london. you're watching all seem to national up next it's crosstalk with be so up out. i was thinking some heart i had to come back because mom was waiting for me. i just knew that everything would be fine for some reason we were so confident because we were going to get married officially after he came back how could he not come back because the mere thought of it never crossed her mind. when the militants decided to try and break through her new guinea screaming grenade. to go to the explosion blew him all round his back. and it was all over all. we kno

the ttp minister hill meeting launching saturday in singapore. global investors are holding out fresh hopes of a sustained us recovery officials have babies improve gdp figures for the july to september quarter. commerce department officials say gross domestic product grew at an annual annualized three point six percent upward from an initial estimate of two point eight percent as the biggest game for almost a year and a half. officials cited reasons including the pace of growth in business investment at three point five percent. a buildup in private in minty investment also pushed up gdp growth. housing investment has been a week on the back of morgan's hikes. but officials posted double digit growth of thirteen percent consumer spending was revised downward the crew at an annual pace of one point four percent and officials noted that federal spending dropped by at one point four percent due to the continued effect of budget cuts. and the latest us gdp data renewed speculation that the federal reserve may taper it's on buying program earlier than anticipated that pushed down u s stock prices for fifty in a row. the dow jones industrial average losing four tenths of a percent ending a fifteen thousand

the business is forced to shut down at any moment since chamber of commerce say that company's complaining creasing li about the burden of european regulation making them less competitive in the global market are used to preprogram europe and a lot more skeptical now these regulations is disproportionate in the force business is out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese and east cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. are we coming to live from moscow let's go back to the ukrainian capital for a recap of our breaking news story the pictures behind me right now these are live from independence square where a standoff between thousands of protesters and riot police has been going on since the very wee hours of the morning the opposition claims that this is an attempt to end the protests but the earth already has and says they're only trying to get traffic into central kiev moving again these pictures right here these are the very latest from central kiev for you now there were so

the first piece is a means of payment on eerks commerce. let's assume that 10% of globalce transactions go through bitcoin. we think that would be worth $5 billion. the second major role that bitcoin can play is as a basic means of transfer. >> so like a western union? >> yes. what i did was take an average market cap of western union, money graham and euro nex. i said what if bitcoin becomes a major player. that gives me another $5 billion. >> theoretically that is something we should see happen. it is very expensive to send money and there is a lot of time and process involved. here you can transfer money on line to a relative in another country seamlessly. >> exactly. say if you are a mexican construction worker in this country, and you want to send money home. you want to send it cheaply, and you may not have a bank account. for means of transfer, there is something to be said about bitcoin as a future. >> ok. >> the third a piece, the most interesting piece is bitcoin as a store value. how do you think of that? i think gold is a good example. gold has three things in

the business is forced to shut down at any moment for since chamber of commerce say that company's complaining creasing really about the burden of european regulation making them less competitive in the global market or you simply prove you're a lot more skeptical now these regulations is disproportionate in the force business is out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheese handy cigarettes but to remind you about how differently the european union is viewed in british business. r.t. london. watching r.t. international live from moscow up next it's cross talk with people about. the interview. when you talk about working with the society of one who do you think should be in charge of determining which news. to the people who shouldn't be the government this is not their. right or left it's an issue about fundamentally small recs that it makes me. so what we need to avoid these hate speech is true of all. this excessive radicalization that can lead to even to terrorists. there's a media leave us so we leave the media. by the see bush and secure in the other yo

the business is forced to shut down at any moment for said chamber of commerce say that company's complaining creasing me about the button of european regulation making them less competitive in the global market you simply prove you're a lot more skeptical now these regulations is disproportionate in the full speech and this is out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges over the cheese and east cigarettes but to remind you about how differently the european union is viewed in british business. and on. bobby back where the week's top stories in all the latest news about thirty minutes time here in our team coming out on a teen or national we visit islands ravaged by nearly two hundred nuclear test explosions domain. as we all know the holidays are a great time for families to get together and sometimes on the all call gets flowing they're also a great time for us to argue about everything from politics to religion with the ones we love but if you happen to be an n.s.a. agent and the government has an official list of talking points that way you could win those family a

the business is forced to shut down at any moment for instance chamber of commerce say that company's complaining creasing really about the burden of european regulation making them less competitive in the global market i used to preprogram and i'm a lot more skeptical now these regulations is disproportionate they're going to force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course the case of apples and oranges or rather cheesy and e.'s cigarettes but a reminder about how differently the european union is viewed in british business. r.t. london. so i thank you joining us here at r.t. international the ongoing chemical weapon disarmament of course that's in syria that's coming across as with abby martin breaking the set just around the bend. players dream queen or who's in love with a waitress i go on stage managing that there's an audience i used to take drugs and drink like a fish the police told me about the circus but i was such a punk i was like one of what circus. circus of colleagues run it and we break down stereotypes about kids from disadvantaged. did you know the price is the only industry

the committee and staff on this important piece of legislation. a healthy global internet is a source of american competitive advantage. the u.s. documented a growing digital trade surplus. it is not just good for commerce, it is an essential component of our long term national security. the internet doesn't only benefit the us. it provides great global commercial benefits. the internet economy is expected to reach in g-20 countries 4 trillion by 2016. '1"% of economic growth in mature committees is attributable to the internet. traditional industries are the beneficiary of 75% of the economic value deriveed from the internet. we should not underestimate the role in global economic development which has security benefits with the united states and the rest of the world. the n.s.a. practices clearly impact the business of the u.s. internet companies. so much of online commerce today is fundamentally baced on trust. if users are going to turn over personal and confidential information to a company providing online e-mail or cloud services they need to believe the company will act as a responsible steward of their dattafment utility of overbrad n.s.a. surveillance has focused on arguments one must not over

>> m commerce is so cool and it is going to have a hugely positive impact on the states and on the globaless. basically, if you think about this, everybody knows what e-commerce, sitting in front of your computer or ipad, want to buy something, a pair of shoes or buy some product from a b2 b source that's terrific. what if you're on the road? on the road, what you're looking for from the website is very different than what you were looking for if you were sitting down at your laptop. so your m-commerce is how you can buy things over your phone. if you look at starbucks, they do this probably better than anybody does and that's at the b to c level. it's at the b to b level when you all of a sudden get a phone call where your chief operating officer of your factory says we're out of polymer xyz what do we do and you're on your phone, going to your suppliers, and you're either procuring it there or going directly to it to get it shipped in time to keep the factories going. >> number three, why are you hot on on-line education? >> on-line education, i think is what these poor millennials shou

the business is forced to shut down at any moment for since chamber of commerce say that company's complaining creasing lee about the burden of european regulation making them less competitive in the global market are you surprised. and i'm a lot more skeptical now these regulations is disproportionate force businesses out of business they're also potentially going to cost many millions of lives obviously that makes you more skeptical it is of course a case of apples and oranges or rather cheesy and east cigarettes but to remind you about how differently the european union is viewed in british business. r.t. london. online this hour the russian adventure of who has six around the world trips on his belt marks the birth of his own unique style you can read up about that he set off on a solo trip across the pacific ocean in a small rowing boat good luck to him r.t. dot com you can see the launch there of this daring voyage also online to google's now snapped up of providing four legged research robots for the plane to get interesting move it keeps the reasons why it started under wraps we try and investigate and evaluate it a bit more online in the technology side of our website. as mandel

in any way, the national chamber of commerce says by increasing the efficiency of customs, the cost of shipping should go down by 10%. very excited about this. the globalconomy is estimated at around $65 trillion. the thinking is that if this could add another trillion. it is an uptick of a couple percentage points. >> it is something. ryan, thank you so much. >> thank you very much, indeed. this change direction a little. as we end -- as we head to the end of 2013 let's discuss entrepreneurship and the united kingdom. 500,000 new businesses have been added by the end of the year. it is a great place for start up to start. joining us now to discuss this is michael heyman. he is a cofounder of start up britain.- of start up we're talking about amazing developments that we are seeing in the tech story here in london and around the country. there is sometimes a tendency to think about startups and draw lines straight to technology. is important but we need to think more broadly than that. >> i think without a doubt that startups and technology are intimately linked. tech is one of the absolute standardbearers, one of the hot topics in terms of taking the

the inststitute for global studies what isext? >> robots that senior house and also businesses in new customers are found forou also piggyback on the hyperlink to ll tickets through e commerce. nanotechnology, computers, r obotics, they are of limited the barriers are not even there for the entrepreneurs of the future. >> you talk about the hyper loop he has done good things ? >> absotely. he has the dna of silicon valley, next generation, as steve jobs. he also buys test of the first commercially available electr car with the stocks climbing. >> break this down to talk about tesla the stock goes up the but yoworked for steve jobs before you call him the news steve jobs against government handouts for a c that costs 60 years $70,000 subsidize by a tax credit from the not so rich people. >> keep in mind he did not need the $1 billion loan from the government he did pay that back also the first innovative breakthrough was the powell he is part of tho that disrupted the banking industry. he did not need that many but he borrowed a and paid back and people we lining up to invest because they sell more tesla and then they can make to keep up th manufacturing. it may be a rich ma

companies, all these have been here for us hoping lead the charge and show that this room in tech and e-commerce is a globale are a part of that. >> this funding startling -- suddenly escalating tackle you see money wanting to be hurled in your direction? >> we are lucky that we had incredible momentum. we have not fund raise in over two years. we are really excited. we have been able to grow so weekly and it is than self- funded growth. we want the capital. we feel great about that. i'm sure you have seen that the capital is there he even more eagerly for e-commerce a few years ago. you have strong fundamentals, we keep seeing it is definitely possible to still fund raise. >> what about the product you are offering? that you say you are looking towards asia. how international is the brand? haveery single market, we a customer team, editorial team. part of an important the brand. we went birchbox to stand for discovery. the best way to find new booty products. -- beauty products. most of them will be local. i was mentioned before that in some cases, france in particular, the skin corp., -- the skincare, the