potential effort that is now undertaken by the brics countries is to create a development bank. much like the world bank would provide resources for developing countries to foster growth to deal with social issues etc so in some respects we're seeing that the brics are starting to create their own institutions that potentially can rival can compete with the bretton woods institutions brian would you would you agree or disagree with what we just heard go ahead. well i agree with i agree with that in part i think that this is the beginning stage really of a process since the dissolution of the the soviet union and the socialist bloc nations that actually. contributed to a rival power a global power that allowed other countries especially smaller and independent countries to have an alternative to the west those countries of course would like brics to become a major part of the world scene because they want an alternative they don't want to be just have the economic and military policies of the west shoved down their throat but again these countries don't have an anchor right now a

hello and welcome across town for all things considered i'm going to really go can the brics countries brazil russia india china and south africa reinvent the international system can they collectively challenge the head germany of western dominated trade and finance or do they merely want to greater say in how the world is run and for whom. to cross not the brics i'm joined by yet a slightly so bola here in moscow he's the chief economist at deutsche bank russia in washington we have brian becker he is the national coordinator for the answer coalition and in new york we cross to and we she is an adjunct professor at new york university and the author of the book what the u.s. can learn from china crosstalk rules in effect that means you can jump in anytime you want and i very much encourage it yourself when i go to you first do the brics want to take on the west is that kind of relationship they have. well i think not necessarily but in some respects it seems there's a this is the trend in terms of the recent policy measures that we're seeing from the brics one of the measures is to c

hello and welcome across town where all things considered i'm going to relive though can the brics countries brazil russia india china and south africa reinvent the international system can they collectively challenge the hegemony of western dominated trade and finance or do they merely want to greater say in how the world is run and for whom. to cross out the bricks i'm joined by yet a slightly so bola here in moscow he's the chief economist at deutsche bank russia in washington we have brian becker he is the national coordinator for the answer coalition and in new york we cross to and we she is an adjunct professor at new york university and the author of the book what the u.s. can learn from china crosstalk rules in effect that means you can jump in anytime you want and i very much encourage it yourself when i go to you first do the brics want to take on the west is that kind of relationship they have. well i think not necessarily but in some respects it seems as this is the trend in terms of the recent policy measures that we're seeing from the brics one of the measures is to combine the

smaller and independent countries to have an alternative to the west those countries of course would like brics to become a major part of the world scene because they want an alternative they don't want to be just have the economic and military policies of the west shoved down their throat but again these countries don't have an anchor right now as the socialist bloc that when it had the soviet union which will allow it to have a completely independent and separate and many times conflict u.s. policy with the west i think that the development of a development bank and the possibility of integration in terms of currency does allow for the potential to rival the dollar but not anytime soon ok and how do you weigh in on this is this is an alternative to the west and western institutions. i think that they are trying to create more leverage for themselves because what really brings them together is the fact that they all are. upset that they haven't been treated as fairly amongst the western groups so at the i.m.f. and some other places where they want more representation because they have more eco

one thing we all these countries in the brics are interested in is getting away from the u.s. dollar is up possible. yes i think it's possible we're seeing the terms have already been undertaken with varying degree of success but certainly a significant part of the lateral or mutual trade between these countries is targeted to be conducted in the currencies of these countries. and the same to some degree potentially with mutual investment flows so this is something that i think is very much in line with the needs and the cravings of the world economy because there is a high demand today for alternative reserve currencies because the us has economic problems the e.u. has significant economic problems right now so the role of these reserve currencies the dollar and the euro is undermined by these developments and a lot of the central banks in the world are looking for alternatives and the brics certainly can offer this alternative what is needed is to intensify the world trade the global trade with the flows denominated and these currencies the same with regard to investment and

and within brics it's an interesting reading as well. we are not trying to counterbalance anything in the world we are trying to catch the wave the tide of changing reality in the world economy in the world politics and you know. kind of identify areas where it would be natural for countries as big as influential as china india brazil south africa and russia to work cooperatively this is very synergistic we are talking about multiplying authority and influence no doubt about it but this is not to challenge anyone this is to further our own interests and ensure that our ability to achieve these goals. is growing and implemented in practical action as long as you mentioned china there is obviously one of the biggest members of the brics organization along with russia we saw the new chairman of china in his first visit to russia just a week after becoming the new leader of the country we also saw that vladimir putin made an official state visit to china just days after he was elected president for the third time. are we no longer in difficu

crisis a man if it was run by the brics led by the brics funded by the brics that might reduce dependence on some countries who otherwise would have no choice but to go to the i.m.f. and then there have been a huge number to charles if i can jump in just one and i do apologize i'm so low on time here but i've got to make the most of this some critics are saying that the west is not particularly happy about the rising power of the brics countries and could actually act to undermine this growing influence you're making a mention about whether you've got a european and an american leader a certain top levels is a kind of difference being made. i personally think that feeding the west is against the rise of emerging markets is almost a twentieth century cold war it's just not true that the west is delighted that there's somewhere in the world that's growing faster than europe i mean my space is faster than america it's great because markets we grow but you choose for western firms and how do you want jobs in the west so i think the west is delighted by the rise of the brics. global chief econ

dollars now the potential of brics as an organization really can't be underestimated for the last two decades its members have clearly shown to be the most rapidly developing economies in the world in two thousand and twelve the average g.d.p. growth. of the five member states of brics was around four percent if you compare that to g seven it was less than one percent but it's really not about the economy and nor is it about the fact that the combined population of all the member states of great speeches nearly three billion people but it's also about politics and the fact that all the five member states of brics share the same point of view on the key international affairs including the iranian nuclear program and the crisis in syria russia and china have been constantly defending these positions points of views at the un security council the key idea of brics is not to oppose other international organizations but to work together with anyone willing to do so and to promote the bipolarity of the world actually one of the countries showing strong interest in becoming a member of brics

>> essentially, the brics are both. the brics countries rely on the european and u.s. markets, so they also have to rely on a partner, but they have their own interests. in future, they will postpone and found their needs very carefully against the industrialized countries. >> thank you very much for your time. >> you are welcome. >> in a minute's time, we will look at why a stubbornly long winter has german business is feeling the pinch. >> not just the german businesses, but first, a look at some other stories from around the world. >> shareholders in european aviation ineads have approved -- aviation giant eads have approved what are called the most far reaching measures in that group's history. the ceo said the move would make them a normal company. >> an appeals court in egypt has overruled president morsi's decision to sack the country's top prosecutor and appoint a new one. the judge in cairo has ordered the ministry of justice to reinstate the judge who was dismissed last november. >> a dispute has broken out in germany over media access to a court that will tr

some major long term plans are being drawn up here in south africa at the brics summit and well one of the plans is that the five member states of the organization have agreed to establish a joint anti crisis fund possibly reaching one hundred billion dollars although the details are still being worked out currently it's planned so that the how much each country will have to chip in to this fund will directly. directly be connected to each of g.d.p. but talks on this project will continue to the next g twenty summit in washington when an ambitious project for an ambitious organisation for the past twenty years the five member states of this organization have been the most rapidly developing economies in the world currently it's thought that they're growing faster around seven times faster than those of the g seven nations and it's estimated that by the year twenty twenty combined the brics economies will make up over twenty percent of the global g.d.p. now among other of a long term plans which have already been decided here in south africa is the creation of a joint development bank p

the brics agreed the brics group viewed as a potential game changer for the international arena something critics didn't expect five years ago when the block was created dr sharon chali a professor and dean of the gentle school of international affairs thinks russia and china are driving forces behind the box growth from the early days when it was seen as an upstart that was still getting its act together and resolving and ironing out some differences we have come a long way in five years the fact of the summit center continuing to be heard all of the life some of the critics who said that this was just a marriage of convenience or just a short piece i don't for a photo op and nothing more what we're seeing now is that their agenda is quite advanced especially the economic economic integration and one that in america asia and africa has been spearheaded by the legal of the brakes definitely russia and china i would say the central pillars of bricks if you remember this deal in the old unit of the concept and many of us brought along so to africa india and brazil to play a larger ruler and

>> essentially, the brics are both. the brics countries rely on the european and u.s. markets, so they also have to rely on a partner, but they have their own interests. in future, they will postpone and found their needs very carefully against the industrialized countries. >> thank you very much for your time. >> you are welcome. >> in a minute's time, we will look at why a stubbornly long winter has german business is feeling the pinch. >> not just the german businesses, but first, a look at some other stories from around the world. >> shareholders in european aviation ineads have approved -- aviation giant eads have approved what are called the most far reaching measures in that group's history. the ceo said the move would make them a normal company. >> an appeals court in egypt has overruled president morsi's decision to sack the country's top prosecutor and appoint a new one. the judge in cairo has ordered the ministry of justice to reinstate the judge who was dismissed last november. >> a dispute has broken out in germany over media access to a court that will tr

twenty have proved it to the position of brics so brics has yet to become an officially established organization but the russian president already said cooperation within this bloc will be more school store for him priority this year and considering that at least five countries including mexico indonesia in egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years are to use a lecture to shift the reporting right there and in the meantime dr surrounding child professor and dean of the jane doll school of international affairs believes in the five years since its creation the brics nations have certainly proven that they mean business. from the early days when it was seen as an upstart that was still getting its act together and resolving and ironing out some differences we have come a long way in five years the fact of the summits are continuing to be heard all of the life some of the critics who said that this was just a marriage of convenience

twenty uprooted to the position of brics so brics has yet to become an officially established organization but the russian president already said cooperation within this law will be more core store foreign priority this year and considering that at least five countries including mexico indonesia in egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years. dr charlie or the dean of the jindal school of international affairs he believes in the five years since its creation of the brics nations have proven that the end of the day they do mean business. from the early days when it was seen as an upstart that was still getting its act together and resolving in ironing out some differences we have come a long way in five years the fads of these summits are continuing to be held all of the life some of the critics who said that this was just a marriage of convenience or just a short piece i don't for a photo op and nothing more what we're seeing

twenty uprooted to the position of brics so brics has yet to become an officially established organization but the russian president already said cooperation within this bloc will be more school store for him priority this year and considering that at least five countries including mexico indonesia in egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years. i twenty minutes past the hour here in the russian capital u.s. officials are going ton of mowbray about knowledge that more prisoners have joined the hunger strike over alleged mistreatment by three year in a hospital with ten detainees being force fed defense lawyers say the majority of the one hundred sixty six detainees are refusing food accusing the officials of trying to downplay the actual number reporting on this guy in a chicken. despair among guantanamo detainees grows as now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for ear

twenty have pre-determined position brics so brics has yet to become an officially established organization but the russian president already said cooperation within this bloc will be more stop foreign priority this year and considering that at least five countries including mexico indonesia in egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years. u.s. officials at guantanamo have acknowledged more prisoners have joined the hunger strike over alleged mistreatment three captives are in the hospital ten detainees being force fed defense attorneys say the majority of one hundred sixty six detainees are refusing food accusing the officials of trying to downplay the actual figures are he's gotten and she takes a look. despair among guantanamo detainees grows now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for early next week with one of the clients who lost thirty pounds since the strike bega

twenty a pretty good position brics so brics has yet to become an officially established organization but the russian president already said cooperation within this law will be more score store for him priority this year and considering that at least five countries including mexico indonesia in egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years. thanks for joining us here at our to today u.s. officials at guantanamo bay prison have a knowledge that more prisoners have joined the hunger strike over alleged mistreatment by three captives now in hospital with ten detainees being force fed defense lawyers say the majority of the one hundred sixty six detainees are refusing food or accusing the officials of trying to downplay the actual number at this report not whiteys guy in a church you can. despair among detainees grows now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for early nex

dollars now the potential of brics as an organization really can't be underestimated for the last two decades its members have clearly shown to be the most rapidly developing economies in the world in two thousand and twelve the average g.d.p. growth. in the five member states of brics was around four percent if you compare that to g seven it was less than one percent but it's really not about the economy and nor is it about the fact that the combined population of all the member states of brics uses nearly three billion people but it's also about politics and the fact that all the five member states of brics share the same point of view on the key international affairs including the iranian nuclear program and the crisis in syria russia and china have been constantly defending these positions points of views at the un security council the key idea of brics is not to oppose other international organizations but to work together with anyone willing to do so and to promote the bipolarity of the world actually one of the countries showing strong interest in becoming a member of brics is

twenty uprooted to the position of brics so brics has yet to become an officially established organization but the russian president already said cooperation within this bloc will be more school store foreign priority this year and considering that at least five countries including mexico indonesia and egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years the brics group viewed as a potential game changer for the international arena and its continuing development driven by russia and china that's the view of dr shearer and professor and dean of the general school of international affairs. from the early days when it was seen as an upstart that was still getting its act together and resolving and ironing out some differences we have come a long way in five years the fact of the summit center continue to be held all of the light some of the critics who said that this was just a marriage of convenience or just a short piece i don't for a

is africa's busiest port so the bric leaders are meeting here. billion dollar a upgrade. they will be addressing some of the shortfalls over the coming days. brazil, india, china, and south africa, they're all now experiencing slow growth. >> this will be a big test for the bric summit. it will be the first time they attempted to put in place structures to give it real credibility. if they are able to make decisions to establish the bric's development bank, or anything else discussed at the moment, then people will take the formation a bit more seriously. bigger part play a on the world stage. -- want to play a bigger part. >> south africa's government position,olidify its they need to make trading with the natives earlier -- easier. they want to do away with forteral trade bdeals commodities like grain. behindcould not unify one candidate to lead the world bank or the imf. they're still a force to be reckoned with accounting for 45% of the world's population and predictions of a 45% slice of real gdp by 2013. >> it is possibly the biggest development. now is the opportun

twenty have pre-determined it but the position of brics so brics has yet to become an officially established organization but the russian president already said cooperation within this bloc will be more school store foreign priority this year and considering that at least five countries including mexico indonesia and egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years. u.s. officials are kuantan him obey every knowledge more prisoners are joining the hunger strike over alleged mistreatment three captives are in the hospital ten detainees being force fed defense attorneys say the majority of one hundred sixty six detainees are refusing food accusing officials of trying to downplay the actual figures are he's got in she has more. despair among guantanamo detainees grows as now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for early next week with one of the clients who lost thirty pounds sin

twenty have predetermine to the position of brics so brics has yet to become an officially established organization but the russian president already said cooperation within this bloc will be more school store foreign priority this year and considering that at least five countries including mexico indonesia and egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years. u.s. officials are guantanamo of acknowledged more prisoners have joined the hunger strike over alleged mistreatment their three captives are in the hospital ten detainees being force fed defense attorneys say the majority of one hundred sixty six detainees are refusing food accusingly officials are trying to downplay the actual figure artie's guy has more. despair among detainees grows now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for early next week with one of the clients who lost thirty pounds since the strike began

in the five member states of brics was around four percent if you compare that to g. seven it was less than one percent but it's really not about the economy and nor is it about the fact that the combined population of all the member states of brics uses nearly three billion people but it's also about politics and the fact that all the five member states of brics share the same point of view on the key international affairs including the iranian nuclear program and the crisis in syria russia and china have been constantly defending these positions points of views at the un security council the key idea of brics is not to oppose other international organizations but to work together with anyone willing to do so and to promote the bipolarity of the world actually one of the countries showing strong interest in becoming a member of brics is egypt its president is also here in south africa monitoring what's happening within the framework of this emerging geopolitical giant. professor of economics and finance at new york university and leave things many of the bricks group

dollars now the potential of brics as an organization really can't be underestimated for the last two decades its members have clearly shown to be the most rapidly developing economies in the world in two thousand and twelve the average g.d.p. growth. of the five member states of brics was around four percent if you compare that to g seven it was less than one percent but it's really not about the economy and nor is it about the fact that the combined population of all the member states of brics reaches nearly three billion people but it's also about politics and the fact that all the five member states of brics share the same point of view on the key international affairs including the iranian nuclear program and the crisis in syria russia and china have been constantly defending these positions points of views at the un security council the key idea of brics is not to oppose other international organizations but to work together with anyone willing to do so and to promote the bipolarity of the world actually one of the countries showing strong interest in becoming a member of brics

change and so on let's just talk about the brics countries shall we present patron says that brics is not a geo political competitor to western countries or their organizations is that something you believe. yes. i think the previous commentator certainly it's right the brics countries to do their staff through is effective mechanisms to get their act together so the year of establishing a common joint development bank of better coordination among their official thing towns and so on will be useful i think there is a lot of complimentarity among the brics economies for china's capital serves with. huge surprise of natural resources and so on and of course again there's a very strong common interest in the sense that all five members were to see a larger role you do you turn national community and they also understand that effective coordination within your big screw ups you know how all of them to achieve this goal ok well we'll have to leave it there but thank you very much for that insight that was there professor joseph chang a political analyst at hong kong city university. and pa

twenty uprooted two hundred but the position of brics so brics has yet to become an officially established organization but the russian president already said cooperation within this law will be more school store for him priority this year and considering that at least five countries including mexico indonesia and egypt are willing to join the world may soon see a powerful alliance of developing economies which experts say even in its current configuration may become the world's wealthiest union of states in thirty years. u.s. officials are kuantan i'm a big knowledge more prisoners are doing the hunger strike over alleged mistreatment three captives are in the hospital ten detainees being force fed defense attorneys say the majority of one hundred sixty six detainee's are refusing food accusing officials of trying to downplay the number he's guy and she reports. despair among detainees grows now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for early next week with one of the clients who lost thirty pounds since the strike began at the beginn

and powerful partners brics countries seek to reshuffle the organization on the creation of a joint development bag set to rival established global landers. what are they coming to you live from the russian capital while saving his side from financial collapse is coming with a hefty price tag and not only for high level depositors they now face losing up to sixty percent of their savings over one hundred thousand euros a long anticipated reopening of banks came with him president to cash controls well to have a look now at those restrictions here. so as we can see daily cash withdrawals are limited to three hundred euro a day per person also no checks at all can be cashed payments and transferred outside cyprus are limited to five thousand euros a month per person and those traveling abroad can take more than one thousand euro with them well there's been no time frame given for the capital controls only promises that measures would be reviewed daily r.t.s. are still you know when to meet some of those affected by the crisis. like many in cyprus later need this this is simply stunned at the spee

to business i'm katie i am now self africa plays host to the bric summit this week in south africa and i doubt the latest worries of the eurozone and the crisis in cyprus will be discussed as well as establishing a brics development bank the emerging economies also face a general sense that some of the shine has perhaps come off their economists rarely generating the same excitement as before among investors bought nevertheless still boasting an enviable growth record when compared with the stagnating west now the taliban is in south africa with all the latest. the emerging nations of brazil russia india china and south africa make up for nearly half of the world's population and a third over its g.d.p. the so-called brics countries are seeking greater sway in global finance to match their rising economic power they've been calling on for an overhaul of management of the international monetary fund and the world bank giving them or a presentation on their hands south african finance minister said today that the five states of brics have agreed to establish a brics development bank of c

dollars now also another project currently being worked on here at the brics summit in south africa and has already been agreed in principle is the future establishment of a joint development bank possibly with a starter capital of around fifty billion us dollars and why is all of this happening as well the five members of the brics organisation for the past two decades have been the most rapidly developing economies in the world and they do want to trade freely and how they want and they do want to be independent from financial problems in the current stagnating economic global system especially with the latest problems in the euro zone and other issues and turbulence in the global economy now the thing with the currency is also quite obvious that it helps the economies of the five member states of brics to be protected from things like currency wars or consequences related to the changes of the euro and of the dollar and establishing a joint development bank would also help them not be affected by problems in say the i.m.f. or the world bank so basically all the steps that have been m

there is a lot of company and parity among the brics you commies with china's capital research with. high tab and huge surprise of natural resources and so on and of course their game days are very strong common interest in a sense that all five why to seek a larger role in the international community. we'll have more of the numbers deal signed today on our business bulletin coming up just a couple minutes time with katy probate. officials at the guantanamo bay detention center in cuba have acknowledged more detainee's are joining the hunger strike over alleged mistreatment of human rights groups representing several inmates is reported the numbers now over one hundred the pentagon though claims that the figures much lower the protest of the forty fifth day which according to doctors marks a critical point when the body's been deprived of food and he's going to kanas more just this friday morning the spokesperson for guantanamo robards you ran responded to ortiz inquiry here's what he writes as of friday we have twenty six hunger strikers with receiving actual feeds this is an increa

talk turns to action at the brics summit in south africa with the world's top emerging economies staking out a challenge to the dollar and agreeing to a massive new bailout fund. immigrants face a new controversial citizenship test that includes wide ranging questions on history that even some members of the british parliament. top stories this hour. international news and common live from last year in moscow this is r.t. with the twenty four hours a day it's now fifty days since the biggest hunger strike began at america's war on terror a detention facility with no progress being made to stop the protests which could be close to turning deadly appetite for justice and acceptable treatment the scene three of the protesting inmates hospitalized want to say at least ten being force fed. brings us the latest now. as this hunger strike at the guantanamo bay detention center grows more dangerous spot of the day the international committee of the red cross has announced that they have sent a doctor and another delegate to the island prison a week earlier than planned because of concerns surrou

is a lot of complimentarity among the brics you commies with china's capital research with. huge surprise of natural resources and so on and of course that being gay is a very strong common interest in the sense that all five members like to see a larger role you do you turn national community well in about an hour's time we will be showing a live speech by president xi jinping here in moscow that is at six am and take. the guantanamo bay hunger strike has gone beyond the critical forty five day mark when doctors say the body is deprived of nutrition officials at the detention center in cuba have acknowledged more detainees are joining the protest over alleged mistreatment this comes amid at pentagon requests for forty nine million dollars to build a new prison building and carry out renovations despite a four year old promise to shut it down again each again as this report. the spokesperson for guantanamo robert zubrin responded to our tease inquiry here's what he writes as of friday the twenty second of march twenty third seed we have twenty six hunger strike is with a rec

is a lot of complementarity i'm on the brics you commonly use with china's capital with. i pad and huge surprise of natural resources and so on and of course again there's a very strong common interest in the sense that all five members would like to see a larger role you do you intend national community. officials at the guantanamo bay detention center in cuba have a knowledge more detainees are joining the hunger strike over alleged mistreatment and human rights group representing several inmates is reported the number is now over one hundred the pentagon though claims that figure is much lower either way the process is now in the forty fifth day which according to doctors marks a critical point when the body is deprived of food that is going to check out. just this friday morning the spokesperson for guantanamo robert to run responded to artie's inquiry here's what he writes as of friday we have twenty six hunger strikers with receiving actual feeds this is an increase from thursday which was twenty five and eight we have two detainees of the detainees hospital for reh

a lot of complimentarity among the brics if you come to me is with china's capital with. i pad. huge surprise of natural resources and so on and of course that being gay it's a very strong common interest in the sense that all five members like to see a larger role you didn't have national community coming up not even close to closing the us turns a blind eye to the plan time and my hunger strike with the pentagon requesting forty nine million dollars to renovate instead of the thing promises to close it. and wife the money has tongues wagging in the u.k. as it emerges that a london bar of blue coffin million pounds on translations by immigrants who don't even if they. choose your language. calling for a week over the internet will presidential some of the. tunes that use the consensus to. choose the opinions that degrade to. choose the stories that impact the. child's access to often. welcome back. government protesters have broken into the muslim brotherhood headquarters in the egyptian capital after thousands encircled the offices and clashed with riot police act side

there is a lot of complementarity among the brics you commies with china's capital research with. high tide. huge surprise of natural resources and so on and of course that being gay is a very strong common interest in the sense that all five members like to see a larger role you do you term national community and later on we will be showing a live speech by president xi jinping here in moscow and that is at six am can take . the guantanamo bay hunger strike has gone beyond the critical forty five day mark when doctors say the body is deprived of nutrition officials at the detention center in cuba have acknowledged more detainees are joining the protest over alleged mistreatment this comes amid a pentagon request for forty nine million dollars to build a new prison building and carrying out renovations despite a four year old promise to shut it down damage again as this report. the spokesperson for guantanamo robert zubrin responded to our tease inquiry here's what he writes as of friday the twenty second of march twenty thirty and we have twenty six hunger strike is with eight re

is a lot of company men and parity among the brics economies with china's capital research with. high pad and huge surprise of natural resources and so on and of course their game day is so very strong common interest in the sense that all five why to seek a larger role you don't intend national community. coming up not even close to closing the u.s. turns a blind eye to the guantanamo bay hunger strike but the pentagon requesting forty nine million dollars to renovate instead of fulfilling promises to close it. and waste of money has by going in the u.k. as it emerges that a london bus or a blue coffin million pounds on translations for immigrants and even if that. because no one. what's not in the local needs you want a community l.n.g. most will be. done for. i was fired almost. all right. welcome back raged anti-government protesters have broken into the muslim brotherhood headquarters in the capital after thousands encircled the offices and clashed with riot police side the health ministry says ninety six people have been injured in the latest outbreak of violence which erup

dollars now also another project currently being worked on here at the bric summit in south africa and has already been agreed in principle is the future establishment of a joint development bank possibly with a starter capital of around fifty billion us dollars and why is all of this happening as well the five members of the brics organisation for the past two decades have been the most rapidly developing economies in the world and they do want to trade freely and how they want and they do want to be independent from financial problems in the current stagnating economic global system especially with the latest problems in the euro zone and other issues and turbulence in the global economy now moving with the currencies is also quite obvious that it helps the economies of the five member states of brics to be protected from things like currency wars or consequences related to the changes of the euro and of the dollar and establishing a joint development bank would also help them not be affected by problems in say the i.m.f. or the world bank so basically all the steps that have been ma

rising powers the fifth summit of brics economies pushes ahead with the creation of a joint development bank set to make waves on the global financial sea. and putting their lives on the line quantum of bay detainees who've been on hunger strike now for nearly two months say they're ready to go all the way. good evening this is r t it's kevin owen here with a roundup of the big news stories from us from the last seven days and first avoiding bankruptcy has come at a steep price for cyprus as we've been reporting while the wealthiest savers face losing up to six percent of their deposits ordinary residents have also been subject to the courts as well to unprecedented capital controls daily cash withdrawals are limited to three hundred euros per person per bank no checks could be cashed either payments and transfers outside cyprus are limited to five thousand euros a month and those travelling abroad won't be able to take more than a thousand euros with them either well those restrictions have been imposed for any definite period in these artes tests or is still are found for us families

in the five member states of brics was around four percent if you compare that to g. seven it was less than one percent but it's really not about the economy and nor is it about the fact that the combined population of all the member states of bricks which is nearly three billion people but it's also about politics and the fact that all the five member states of brics share the same point of view on the key international affairs including the iranian nuclear program and the crisis in syria russia and china have been constantly defending these positions points of views at the un security council the key idea of brics is not to oppose other international organizations but to work together with anyone willing to do so and to promote the bipolarity of the world actually one of the countries showing strong interest in becoming a member of brics is egypt its president is also here in south africa monitoring what's happening within the framework of this emerging geopolitical giant. professor of economics and finance at new york university and lee believes that many of the br

there is a lot of company and parity among the brics economies for china's capital with. high. huge surprise of natural resources and so on and of course again there is a very strong coming interest in the sense that all five members would like to see a larger role in to international community trade between russia and china has been growing steadily in recent years and artie's katie pilgrim has more details on the numbers and the types of deals being struck. just to give you an idea as to how much money can be made it is forecast to exceed one hundred billion dollars in it twenty fifteen after already growing over ten percent last year now by twenty twenty we could be looking at two hundred billion dollars trade turnover a lot of it is energy so we are talking about oil as well we've got igor search in the head of ross natter the world's biggest or producer now are set to meet the new leader of china he's going to be discussing an increase of exports to china which could equate to one million barrels a day by twenty eight tain and it's not just energy deals going on thou

well responding to the bric summit charles robinson global chief economist at renaissance capital he says the idea of the group's own bank well that comes as the result of the slow pace of change at a stumbling institution. the architecture. of finance was set up in the one to forty's to reflect the reality then which was obviously american power the u.k.'s power and europe in general so there are changes happening to the i.m.f. and to the world bank still we know that the head of these organizations is an american and as a european even though they've been a strong challenge i think the brics are saying they can't people were to wait any longer for the i.m.f. and world bank to change more dramatic you think imma start making changes on their own with a certainly not in a total consensus in a completely friendly atmosphere between all the members there the brics somewhat in durban have a look right here this chap over here is part of the russian presidential security detail the guy in the gray suit that is south african summer security basically telling a lot of me of putin's securit

rising powers at the brics economies set to make international waves after pushing ahead with the creation of a joint development bank that could rival the global financial heavyweights. and lawyers of the guantanamo bay detainees on hunger strike claiming their clients are prepared to die rather than give up the almost two month long protest. and to broadcasting live from our studios in moscow this is r t i'm sean thomas glad to have you with us now cypriots woke up on saturday to some very unpleasant news those with a six figure bank accounts will see up to sixty percent of their savings seized by the government to meet the conditions of an e.u. bailout that's on top of a draconian capital controls in the country currently daily cash withdrawals are limited to three hundred euros per person per bank no jacks can be cashed and payments and transfers outside cyprus are limited to five thousand euros a month while those travelling abroad are not permitted to take more than one thousand euros with them the restrictions have been imposed for an indefinite period and as parties test our silly

the forming or the funding of a joint headquarters so brics in the near future. well for some analysis let's not talk to neil shearing he's a chief emerging markets economist on the line now from london neal it's a lot of positive talk about these emerging economies but are they not being affected by the current global crisis. well there they have to to assess extent yes i think that the key thing to understand about bricks is that although they're very large economies in some ways the break that there were very different economies china or india much larger the personal and russia was a russian a much richer than china and india perhaps the thing that's behind them all together a year or so is that each of us starts to run into their own growth over the square of the challenges russia we know is stagnating badly in year on year terms brazil went through a period of five six months its economy flatlines china had its own problems last year it seems to recover and nikolai but i think this is that this can be a thing we see it the next five years is that growth in

talk turns to action at the bric summit in south africa where the world's top emerging economies staking out a challenge to the dollar and green lighting a massive new. hunger strike reaches its fiftieth day amid fears the inmates fight against prison mistreatment could turn deadly and leave questions for u.s. government officials to keep silent on the issue. and the chief of his biggest bank gets the boot to predict and european banks get panicked and said about brussels potentially reaching into account some top stories. international news and comment live from a studio in moscow this is r.t. with you twenty four hours a day a battle is waging across the internet the geneva based nonprofit spam filtering organization says it's one of the worst ever cyber attack so strong it's slowing down internet access globally it's allegedly a strike from a dutch web hosting company called cyber bunker which days before well thanks to a new video agency ruptly we could not get in touch with. a spokesman for cyber bunker now you being accused of this massive cyber attack are you responsible. well as

rising powers brics economies are set to make international waves after pushing ahead with the creation of a joint development bank that could rival the global financial heavyweights. and lawyers of the guantanamo bay detainees on hunger strike claim their clients are prepared to die rather than give up with the almost two month long protest. and broadcasting live from moscow this is our team recapping the week's top stories glad to have you with us. now cypriots woke up on saturday to some very unpleasant news those with six figure bank accounts will see up to sixty percent of their savings seized by the government to meet the conditions of an e.u. bailout that's on top of draconian it capital controls in the country currently daily cash withdrawals are limited to three hundred euros per person per bank no checks can be cashed payment and transfers outside cyprus are limited to five thousand euros a month while those travelling abroad are not permitted to take more than one thousand euros with them the restrictions have been imposed for an indefinite period and as are teased as are sil

group the brics countries. to their staff effective mechanisms to get their act together i think there is a lot of complementarity amount of the brics economies with china's capital research with. high. huge surprise of natural resources and so on and of course again there is a very strong coming interest in the sense that all five members would like to see a larger role you dig into a national community trade between russia and china has been growing steadily in recent isn't art is it katie pilgrim has more details on the numbers and the types of dealings being struck. just to give you an idea as to how much money can be made trade is forecast to exceed one hundred billion dollars in it twenty fifteen after already growing over ten percent last year now by twenty twenty we could be looking at two hundred billion dollars trade turnover a lot of it is energy so we are talking about oil as well we've got your search in the head of ross now after the world's biggest or producer now are set to meet the new leader o

and closer ties for the brics. the leaders of brazil, russia, india, china and south africa agree to set up a $100 billion rescue fund to rival the imf. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> well, even as we've been covering the news out of cyprus, we've known all along that italy is perhaps the bigger threat to markets, and on that point, italy's bersani is saying he doesn't think he's going to be able to form a grand coalition government and that you would have to be insane to govern italy right now. that sent markets lower a couple of points off the dow as well. so, we'll keep an eye on the market reaction, because at the same time, we're getting news out of the uk when we're talking about banks and the health or lack thereof. we'll try to bring you those figures as well. first, a point about the gdp figures and industrial production data, if we can. just let you know the gdp was unrevised at 0.3% contraction in the fourth quarter. that's the sa

powerful partners brics countries seek to reshuffle the organization the creation of a joint development bank said to rival the established global lenders. and am in the russian capital you're watching r t with me marina joshie welcome to the program now saving cyprus from financial collapse is coming with a hefty price tag and not only for high level depositors the long anticipated reopening of banks came with unprecedented restrictions with daily withdrawals limited to three hundred euros per day there's been no timeframe given for the capital controls only promises the measures will be reviewed daily depositors' in cyprus biggest bank will lose around sixty percent of their savings over a one hundred thousand euros that's despite earlier signs they take a smaller hit of thirty to forty percent while the tab bailout terms have put an end to cyprus is an offshore tax haven even people there in fear of further money worries and job losses are she says are celia went to meet some of those affected by the crisis. like many in cyprus labor leaders agreed this is simply stunned at the speed