the hello and so robin, this is counting the cost on al jazeera. you'll weekly look at the world of business on the comics this week. a route revolt. farm is around the world amount 2 in protest against economic and climate policies. so why is it proving so difficult to boot, stuttering comes also this week. the following sector is one of the main drives of economic growth in mexico. we speak to the nation, secretary of agriculture and rule developments, plus prizes easing in many parts of the world. so is the fight against inflation turning the corner and we'll central pines come interest rate soon. the welcome became income boys have tracked as loaded with fruits and vegetables. thousands of farm is around the world, the field trip to the streets in recent weeks, from italy to india. that grievance is uh, re by country. but this one common consent pharmacy they call make ends meet. they

blaming red tape, climate change policies, cheap impulse of high cost, and that putting pressure on their respective governments to improve their livelihoods. actually, i'm of it. triples farmers across europe are protesting, demanding better prices for the prod, use, and restrictions on cheaper imported goods. in the middle get, the 1st thing the government has to do is eliminate the bureaucracy, give us facilities and control form products. so they have the same health conditions as those from here, you may not be. the unrest began in germany after cuts dogwood, cultural diesels, subsidies impacting the sector employ under a 1000000 people. similar demonstrations in spain, poland, and france. coal for improved living conditions and protection against unfair competition. despite the allocation of up to 2,

a $140000000000.00 for supporting farmers, many say existing regulations don't benefit growers. they also criticize the ease environmental regulations and the blocks common agricultural policy or cap, or favoring large corporations. i can get that in one of the c a p that we have now has so many bureaucratic steps that we cannot manage to comply. we need an agricultural policy that truly adapts to the fall of his needs and allows for profitability. protests extend beyond europe with farmers in india, the u. s. and brazil expressing grievances over issues like that price volatility and climate change impacts hello did. if the government fulfills or demands, we will go home. we have no intention of living here on the road. we've been living, eating, and sleeping on the road, if you know that it's not easy to get out of our homes, especially for women. lawmakers have attempted to address farmers concerns by

offering concessions, but they have the deep, insufficient many se, financial aid alone and complex regulations. they have to address the deeper challenges, faced by farmers, axles. i'm gonna reach out to 0 for accounting, the cost, spell. joining us some type of agent in denmark is allan matthews. he's a professor of european agricultural policy and the department of economic at trinity college in dublin. mr. matthews, welcome to counting the cost. i mean fob is across europe have historically been unhappy with legislation. the impacts on their ability to produce enough for them to make a decent living. why is the same with discontent across certainly the european continent right now. as your report highlighted and very often the spark of these products in different countries is quite different. but there is this common theme of dissatisfaction with low prices and low incomes. and to some extent, that's not

a new issue. i think one of the added products to the protests on this occasion is this growing sense of insecurity and vulnerability because of the, at the very, very but weather conditions we've also experienced in europe. so at this great feeling of insecurity, will there be a harvest at the end of the season or not? i think that is also driving some of the fears behind the farmer protests was it until about climate change in the basement? can just talk about the politics of it to start with because for example, um the u. k. election is pending in 2024 as are you elections in june, a late to the shift saba seem to be getting better organized in making that protest loud and visible. how important are they in terms of organizing all they getting quite savvy about is i think you're right and to highlight the fact that the seats and the election year and in many and, and the obviously for the up in the parliament, in,

in the number of the individual you are being companies, but also in other countries in india, for example, later this year. so clearly if you have a grievance at now is the time to raise your voice because you have the opportunity to influence the composition of the incoming at parliament and, and, and potentially government. so i do think the fact that there are elections is an issue behind the, at the convergence of protests in many different countries. do you think it also doesn't look at that doing that because without sob as you and i and billions of others around the world, don't eat it. is of a trust deficit right now between fathers and legislates is what i, i think the products themselves demonstrate that both it's, it's hard to sometimes see the rationale for the protests. if you actually look at the figures as for example in europe at the last 2 to 3 years and have actually been years of record higher incomes for farmers despite and the impact of the

russian invasion in ukraine and high energy prices, high fertilizer prices actually produce surprises increased even more. now that's not to say that the farmers looking ahead at are not facing into a period of following prices and an entire costs. but just at this point in time, actually incomes, at least in europe, have been quite bland. and so you then look at some of the other issues that have been raised to the environment to uh, conditions that are sometimes attached to payments and the increased regulation. the rising from, you know, with a very serious environmental challenges which we become increasingly aware of in europe. so it's not just income. and these, as you at highlighted in your report also to do with the regulatory environment in which farmers must operate some government. so saying that they all making concessions to make the livelihoods of farmers more amenable. yet,

there are policies that are put in place and constantly blamed by farmers who then adopt. it feels like both sides are moving their own set of goal posts, but those goal posts on to aligned. why don't we have seen and in response, student protests is some role in the back of some of the environmental conditions, which is eastern europe has recently been introduced. we just had a reform of that coming. i regards to the policy that you mentioned in your report and, and that is just being ad and introduced in fact ad that earlier last year. so we're, we're now in the 2nd year of this reform period, but already a number of the in the, the innovations, the number of the changes in the farmers were asked to adopt to being, being rolled back as, as, as a response to the protest. and some of the regulatory initiatives which um and your

team commission had proposed to address, for example, at the use of pesticides, a in the agriculture it to set aside an increased area of plans for, for nature to ensure that we restore some of the by diversity which we are losing and that these, these budgets have also be neither withdrawn or, or water down. so there are indeed has been a response. on the regulatory side, i would say that in europe a particular problem is that and the combination comes with the policy is funded from the european budget. and your vin budget is very at restrictive in its ability to, to increase those transfers. the budget is set on a relatively don't at period for 7 years and it's, it's actually brother, inflexible. so the possibility to address some of the farmers concerns and by, you know, increasing the transfers which are already quite significant. this course is very

limited at the present time, so this is why i think we see the, the focus being puts on a rolling back some of these environmental regulations in an attempt to show that the governments are aware of the, the concerns that are being express matthews, from tennessee college in dublin, joining us from copenhagen. thanks so much for your time sir. a site from other called is known as green gold in mexico to coffee. the lots in american nation is amongst the wills leading producers and takes photos of food products. much of its properties goes to the united states. the agriculture sector is one of its main drivers of economic growth, but found the space a range of challenges amongst them. folding great prices and threats from the drug cartels. i spoke to the secretary of agriculture evict uh villalobos. adam beula during his visit to toe hall and started by asking him how his government is tackling these concerns. a while, let me mention that you'll,

you'll raise an initial related thing for the account was on the sea level. is the most important mistake. the weeds that for the use, and i would say the highest proportion of the corn, which is this type of food for mexicans and, and so it's very important to the states. so they, they profess because of the price of corn. and of course, they want to receive more support from next week on the federal government. so what we do, we provide assistance to the farmers, particularly the smaller farm is, which is part of our policy. how we can enhance the productivity of the same time that the race is found that are leaving the particular the presence of this motor farmers. and of course, you know, it's not just crow price that says that that's that problem in a place like send a low in the states extortion gains drug cartels also not the problem but they face and the day to day lives and trying to end the living and trying to get through

life itself. yeah. well that's about, that's the best part of the information they used to be in public on the yes, we have some problems. the insecurity in particular with the farmers on the, when they are trying to sell their products. but then, you know, in terms it's located in some regions, particularly domains on seeing a low, i guess, but uh, but the, you know, the terms, uh, how many countries growing, uh, the production of these, increasing the roles of mexico plays uh no, just on the, to sustain the foot security of mexican society, but also we export products to a $191.00 countries products before i get the card. sure, so it does. um, and this for that is, um, i mean formation that these, the localized but the, but this is not affecting the dental. uh because triple that's something you do explore it as you say. but you also impose as well. and there's a big debate going on. we will have your largest trading partners to the knolls,

and that's the us, and it's always a genetically modified seed. and in this particular case, cold wherever it's like conversation right now with the us. we um, i'm so sufficient for the white corn for human consumption. we'd reliability much on the importation of dell upon, but telephone in, in united states is the genetically modified last year with the discussion in the discussion. because we have to think in terms of mexico, us a sense of, of forwarding and osborne and the center of the genetic value to which vacation. so there is a lot of social interest to keep a mexican quan, a free of genetic modified. um oregon is most particularly cool and so we import and we will continue important because is not the is it no longer an issue? it is something that we continue the composite of the import export. so the concern

is that the, there is no it for mission to eat bored. why going for human consumption? but things next week, we're so sufficient though, so this is not the nature of this field is still very sub finally, which uh we anticipate that there's going to be sold there. let's talk about impulse and export because you know they was the north american free trade agreement originates what 1994 is replaced under president trump in the 2018 the us and ca with you and canada are involved. how is that going? well, it is going very well, let me just mention that particular i didn't have any codes from now we are the for the 1st provider of foot. so united states in terms of particularly perhaps food groups and title the needs. so it, we enjoy the need to but i appreciate very much or as little industry on and we are somehow gradually integrative north american markets in which

a kind of the united states or mexico. i mean, the great the, the in the order to guarantee for production for north american countries. but also it's very interesting to say that we are gradually, is like, playing more the more important role as a foot provide that for the rest of the, of the, of the war. yes, you are a minister, you a part of the mexican government that obviously sees what's going on around the world. mm hm. and you wouldn't be blind to what's going on in europe right now. farm is on the streets, whether it be in the united kingdom and france and germany complaining about the price, the getting for that products. yes. as you had and the government has in mexico to a presidential election later this. yeah, yes. how important is it to understand the problems of the fathers in mexico? because as i said at the beginning of this interview, they were a huge vote bank on the boat bank, the mexican politicians consulting. no,

yes. well that's a good point. uh well, since um, as a 2nd satisfied the culture of mexico, of course we weren't very close with the army because from pharmacy in new mexico. and we have the one on the dissipate and the problem as long as we can guarantee adequate prices. we can continue providing assistance, we can help them with the different services that we have already in place. and that's uh, something that the, even the in the new administration that eventually we, we would take over the forks of silver. we don't anticipate any, any problems. so we would continue in the way that we are being doing on as, as us. i would like to say that the now, nowadays mexico is there is enjoying a very important position worldwide. as a foot provider, us, we are the 12 of the country that produce the foot for,

as i mentioned, we guarantee is sales sufficiently for, for makes, it comes on scifi. but also we are enjoying the, the, the exportation on many agriculture products. so i don't, i don't see any, any problem with the new administration. we continue with the same path. we shall see what happens that administer victor approval from next. okay, thank you so much. we to start the place are 3 here. thank you very much. from new 0 to a 23 year hard us federal reserve has raised interest rates at the most rapid pace and move in full decades to team inflation and symbols. in 2 years, central banks around the world have done the same. the prices are now easing, and most major economies investors in buying is asking when central banks might start to reduce those rates. we'll get to that with, i'll guess, show the but 1st, how the interest rates work. and why did they match the as well with central banks

increase interest rates, borrowing becomes more expensive. people start to save more and spend less on demand for goods goes down, eventually causing prices to drop, but not hurts borrowers as credit like credit loans, call loans, mortgages and credit cards become costs via, for example, credit cards rates in the us as an old time high with americans, owing more than one trillion dollars, high interest rates also worried governments because they slow economies. central banks have been trading a very fine line between raising rates and not pushing the nations into a recession. like many of the central banks, the us of the reserve is aiming to keep inflation at 2 percent. can see the price of social play from the peak of 9 point one percent in 2022, but a still above the target. now, inflation is slowed. federal officials have cut rates study at between 5.25 and 5.5

percent since july. the european central bank interest rates have records of full percent and september and hasn't been changed since then. the bank of england also held rates at 5.2 percent. so when will central bank start cutting rates? to discuss that, while i'm joined now from london bike rick spence and he's a founding partner at the match and thank break because i'm ready to be here. thanks for having a good time for you with us, greg. it's, it's a difficult one. is it? for 2024. 1. 1 does. central millions of others to around the world. what interest rates are going to fall if they fall in the tool? it's, it's a really difficult challenge for these central banks because the inflation while it's come down, the rate of inflation is come down significantly. it's, you know, inflation is sticky and it's still above the targets in those places. and so they have a real challenge here. they don't want to, they made mistakes, a significant mistakes in the last few years by waiting to log to raise rates. so

they have a bunch of which is the market right now. looks like it's indicating that the european central bank will, will cut rates in june as well as the said in the us in june and the bank of england a little later and markets indicating that they'll cut in august. so i think that's too late. i think they're being too cautious. again, they were stung by the mistakes of 2021. so now they're being really, they're, they're really afraid to, to raise rates to cut rates too quickly for fear of increasing inflation. again, i think they probably jump in the kinds of doing that because it's government's all spinning that line that hey, wait, wait, wait, find thing, inflation in a way when it gets and you'll, as you said, you know, banks have being very cautious about the inflation rates and the very reluctant to declare victory. what are the signs we're looking for from the banks, at least of the woods, the statements that we need to keep an eye on, but to realize that maybe inflation is being beaten at last?

well i, i think, you know, obviously if they see principal look, you know, at or below 2 percent, you saw that in switzerland that came in at 1.3 percent. and so you'll see the swiss national bank probably cut rates in march. so that's what they're looking for, but i think that's in many ways they're ignoring some of us challenges, which is basically a name economic, economic growth. so i think at some point they should pay less attention to inflation and think about economic growth you're seeing really in, in the growth in europe. you saw a decent economic growth in the us in the 4th quarter. and then most of last year, but most of that was due to government spending, which is inflationary by nature. so, you know, government spending is, is really a problem. it created a sugar high in g d p growth. but you've got this bad combination of artificial g d, p growth in the us as well as other places due to government spending, which is unsustainable. and then you've got this real regular tory burdens. i'm

subtle, which, you know, you mentioned in the, in this, in the segment about agriculture. but that's one of the real challenges is the supply side is, is the government hostility to the private sector is, is making whatever the central banks do. somewhat irrelevant if and, and so i think that the central banks will have little choice but to cut rates because their feet facing economic, the stagnation is always supplies. is it less than that? if that is the case, i would know that this works in isolation. does a correct way because we go to also look at the politics, the banks can say whatever they want, the government's gonna say whatever they want. but we've got 2 major complex going on right now. you were in ukraine and we've got the war and gaza and the contents of the world cause we've seen how trade read so hot to veer away from the red sea and go around the confidence of africa. this all impacts on those long term decisions about inflation, about investment and about reducing rates. so it's, it's a great point and i think we were all concerned about the inflationary possibilities

coming out of the red sea and, and that as actually turned out to be okay. so, you know, perhaps we have to wait a little longer to see, to see if that's uh, you know, consistent. but at so far that has really had a ripple effect on supply changing, but enough to, to, to create more inflation. but i think these governments are going to have to reduce the regulatory burden, you know, they've got this investment in the us was very weak. and i think that that's due to, you know, a lot of regulatory burden. so expectations and us for 2024 or 1.4 percent g d p growth in 1.8 in 2025. that's pretty anemic. so that i think gives the fed some room to, to run and, and lower rates. okay. good, just finding a very quick question, really, i suppose really for all consumers that are a lot to me, i'm sure the many millions of things around the world. so got gas prices in various countries, something in the u. k. gas prices are about to be reduced. come to spring,

how we supposed to read and analyze this with this ongoing conflict in ukraine. yeah, i wouldn't read too much into the part of the problem in the, in the u. k. is they have price caps? they have subsidies, and when you, you know, when you have both of those things, it ends up being inflationary by nature. so it is the gas prices, yes. are coming down. i think that gives, again, gives the central bank a little more leeway to con us. but you know, electricity prices in the u. k are still up for 100 percent or more over the last few years. housing is up 250 percent child care up to 100 percent. these are all sectors with excess government regulation and excess subsidies. so when you regulate and when you subsidized prices go up. so i think this is gonna, it's going to require a lot more than the central bags dish, or you know, the central banks using an interest rates. what we'll have to see what does happen for the name and take great expense, and that from break mcadam joining us from london. thanks so much. thank you. you

know, the world's largest clip to come and see by market value bitcoin has reached mold in $60000.00. last week's the 1st time to move into yes. that helped list the combined value of the trip to come to the market to around 2 trillion dollars. the digital covered, so you has risen around 28 percent since the start of the search comes after the us approved the 1st bit quaint spot exchange traded fund e t f allows investors to gain exposure to the price movements of the digital coin without directly owning it o cut all suffering well from this making a $1000000000.00 even to the call to innovation the investment was announced, as well as well. largest tech conferences, the web summit being held here in tow. it ain't so attract the brightest minds in venture capital and entrepreneurship to the gulf. the commitment to style tips, bills on kind of those plans to become a major technology hub in the region. a venture capital fund collects money from various investors to infuse capital in stock. tips with high growth potential is

managed by a general partner who selects promising companies based on innovation and leadership enough to initial investing. the funds also supports these companies and achieving successful financial outcomes kind of all sides. the scheme focuses on site is like financial, an educational technology, as well as health cat. the event out for the 1st time in the middle east attracted the largest gathering of international stops. artificial intelligence took center stage at the shows, gathering, industry leaders discuss the importance of ongoing investment in the technology from the challenges and opportunities facing i. the conversation also turned to its role in driving sustainable development launch language models, or generally they, i is not every single body i does many of the pots and concepts from machine learning to, to the language processing to, to even ross theory. right? and so the reasoning engine, and so what you're going to start this,

he knows everything is going to stop by coming multi modal. so they work together. so it's multi disciplinary, multiple technologies. and that's going to be the big trend. if i think about sort of 24 and beyond, and that's going to allow us to evolve what this stuff can do. well, inclusive access to space also took the spot like digital infrastructure as opposed to try and global trends and transform our lives. where we gain tomorrow is a, it's really about the things that we can actually do with infrastructure and space . taking that straight to the extreme, this is things like solar phones in space that can provide clean energy to plant it . so other renewable energy sources at the moment solar is only available off the day because the, the sun goes in at night side of wind doesn't blow all of the time. so the sustainable result is you calling rely on. whereas in space, the sun is shining all the time. and if we can harness a way to bring the energy back to us that we can use. so i'm not,

is really going to address many of the problems that we face on. and that song show full base, we do get in touch with us solve x for me. notice twitter. i'm a trap. so underscore rahman and to use the hash tag h a see to see you to hold off as an e mail. tons of the cost is down to 0 at dot net is all of those move for you on line. the challenges of a dot com forward slash ctc upstate straight to all page which has individual reports link sent in time. so for you to touch upon that says folders, additional counting the cost on the whole, rob and then from the whole team here. thanks for joining us. the news is next on the export. $2023.00. the fascination to

join us and let's discover a better world expo 2023. the ha instead of these prize, it's good. it's been debt simons, if it wasn't for grandmother and had a seal of a how was a neighbor after midnight trying to get to a hospital includes is really me to 3 check point student. no, i wasn't very emotive, man, we're around. but my few for the baby was stronger, but not every story has a positive and through last day it shows us her daughter's birth certificate next to the death certificate. on the same day in 2003 soldiers asked her to sit quiet. you she started shouting, i gave birth, followed by silence. and then another shot. i think she died just

a few hours ago. these really ministry installed this gate at the entrance to the village. mothers about tickets for the music to go to the hospital. like not know which case is open and which one is closed. president biden says one to 2 state solution for palestinians and israelis. but does anybody believe it's doable? what this is real for? i'm gonna say it back to us foreign policy. and what are the long term consequences for the region and the world? the quizzical look at us politics, the bottom line, and on the federal tax upfront takes on the big issue that as opposed to what is happening now it to the school. thanks. question. first phones and apple side unflinching questions. rigorous, the bank that he added to today is that another cleansing is taking place. augusta . nothing goes into garza without us of permission. nothing leaves casa without result. permission allow me to push back for a moment, demanding a ceasefire,

demanding an end to the root causes of all of this violence upfront. without 0. the, [000:00:00;00] the hello, i'm sammy's a them, this has been use our live from dell. how coming up in the next 60 minutes is realize to maximize every possible means every possible method of getting assistance to people who need the us secretary of state says the humanitarian situation and goals are,