or the chest. wow. the, the other, the nora, kyle, this is counting the cost on alex's era. you know, we can look at the wells of business and economics this week. india is economy is on the rise. and the walls bank says the nation is leading growth in south asia, bucks on the venture moody's economic policies benefits in all indians. painting

off industrial facilities to us and spending billions of dollars of slash greenhouse gas emissions. steel mills. so many long entry inspections and microsoft and bundles m. s, teens and m. s. office. often european anti trust scrutiny. millions of uses will now have to buy the chats and video separate name. india is one of the worlds fastest growing major economies. quoting global invest as much of the progress as happens in the past 10 years on the prime minister at new red drum moody. he's blanking on math and shipments when a vote test and sale a full time and office in general elections tossing later this month. many indians say they are based off of boss, observe as say, the wealth gap as white. and let's have a look at some of the numbers in india as well. the 5th largest economy in the world up from 9 position hauff a century ago. by 2030,

it's expected to overtake germany and japan to become the 3rd largest economy behind the united states. as china, a major driver of that growth is infrastructure. moving a $130000000000.00 has been allocated to build assets like roads and ports this year. and there's also trying to boost its manufacturing sector, which accounts for nearly 17 percent of g d. p. it aims to replace china as a global production hub. but the economic gains all spread on equally oaks farm says the top 10 percent of and just population of $1400000000.00 originally 75 percent of the total national wealth mold and 40 percent of india's workforce or employees on farms and poorly paid jobs. the rest are almost evenly distributed amongst the industrial and service sectors. of the whole thing says the nation is needing grace in south asia. the region is expected to remain the fastest growing emerging market for the next 2 years. bots,

the bible in south asian countries of failing to create enough jobs for the young population. many nations are struggling with poverty and a rising cost of living. well fernandez reports from columbia, it's better than expected. this woman's from india has boosted south asia, is group full cause to 6 percent this year. the see go was released during the world bank, south asia development updates launched in colombo last week. but once you take out in, yeah, it's more like 3 and a quarter percent say in 3 quarters percent and 2020 full and phone a quarter percent of 2025 expansion supported by rapid increases in investment and government consumption has driven the indian economy to grow by more than 8 percent in the 4th quarter of 2023. but the world bank says its neighbors are struggling to non co retreat. bankruptcy in 2022 is slowly stabilizing allstate secure to

$3000000000.00 am. if the low package would crippling austerity measures seen by many to unfairly target the port, a segment of the population of causing frustration, soaring cost impact this down a driving $100.00 the people to rely on saturday during the realm of the season. mohammed was one of them. the father of 5 is a daily wage worker. it's very hard to find work these days. the government says it's subsidizing some food items during ramadan, but who can afford other commodities and pay the high electricity and gas above the like mohammed millions of south asians struggling because nothing, nothing jobs are being created in south asia. it's employment racial that matters. the share of to working age population that is employed. that's what matters everywhere else and all the emerging markets. developing companies of state constant and south asia, it's phone 3 lands on government spending. you're just following private investment

is another shed. worry. and the world bank map, so it measures the spark and acceleration in private investment girls bundle with dish, introduce, trade and foreign currency restrictions towards also balance of payments. crisis of the country has also seen the site installation. governments across south asia see they are trying to improve fiscal discipline and build resilient economies. the what banks is milwaukee is needed, but many people in the was most populous region on convince this will improve their lives. in the fernandez, i was just 0 for counting the cost colombo as well. joining us now from take you is alysia golf seo at ad o chief economist full asia pacific at north texas bank. if i get to have you here on counseling, the cost is economy, it's booming and it's on incredible trajectory once driving this. well, of a lot of things it's, it's, it's

a lot. so these are driving india. the 1st of all is self confidence. you know, india has basically had already very strongly there are multi with very clear ideas as to the way to go india 1st. but also in the role it means that manufacturing is what's coming down, which is a big change from the past. we have many companies from, um, a poll, you know, looking at the door of india, manufacturing market, both for the domestic market, putting cc for exports and that's a big change. bring the ice is the new manufacturing drive that basically change the nature of, of what it really is about as any problem. well that's the pick up on that. but my new factoring drive, i mean india wants to overtake china is the global manufacturing hub. is that for sale? is that possible? put it this way. it does not need to overtake china for a very simple reason because the you out of my new fucks to him. as the most

important driver for growth is mulberry. and as far as now the mistake, i mean digital services are the key. so yes, india need someone to fuck trying to avoid big therapist it. um, because it needs lots of things to get its population moving into your brain area as china did. but not as much to be that well as china, the, because it was down some, you know, there will be services a high end services. i mean, there is a better place to do that than china. so in a wait time, you have been right skills. i would say for a new era, a new out of digital service. mm hm. well, that's benefiting assessing amounts of the population. isn't it got to remember that the vast majority of india is in the informal sex. her is and farm work is low quality paid jobs. what is the slogan, india for? oh, is this food booming economy? benefits thing? oh, my question that's. that's the $1000000.00 plan, right?

yep. yes, we need to be very careful about as yeah, avoiding what came out to me. uh the relatively well but still uh, i mean 400000000 people out of poverty, but still i'm really not managing to cope with the income despite it. yeah. for india, this could be even worse because i think india, we have a much harder time in, in bringing to this take these, the population in that organized way, which china did things to the whole co, the so called. so basically uh, registration or composite for registration to be live in big cities and i think for india would be my top other. there's also the north and south device that is very, very strong for india. so my sense is that india could have a harder time basically, you know, boy didn't come despite these from what china has already had,

which is why don't it's because problems. so you are right. this is really a key issue for india. because if we look at the economist, the in mental support is going to the well back report. it's saying that south asia is growing, but employment levels are actually falling. why is that? because they have so far they in creating the big manufacturing um landscape like south southeast asia. so far we have that could be, as i mentioned in india, but it's really brand new. we have the best with the techs that mean that's true, but it's really minor compared to the growing population. just remember that south east has population grows much faster than se asia population. so this is why they need many more jobs. and then it's really very hard to create, not always because you, you need that investment to do so. you need the companies to,

to believe been in your company. is it just all your country just not so easy. so yes, creating the right employment is the way to go, but it's if they need to, certainly uh, by the attack that 40 megs meant to create those factories and, and as i said, also services not only, not only goods. yeah. and you mentioned bangladesh, though, i mean, that's aiming to become a developed country by 2041 india, if we could bring it into again, wanting to become a developed country by 2047, all these realistic goals. well i, i made my calculations comparing uh, try not to india on. i have to say it in. yeah. which to me is rather easy. cheap said growth rate of around 7 percent, which is which is what india has had in the last thing, years for 20 years or so, which is basically the key you're running station process. part of india, india is 35 percent up there. but as soon as you're buy nice is very low, then it's 60. so you keep that growth rate, i think. yeah, in the could be

a mother. they develop the economy by 2040 around $35000.00 or so. so what is, which is what china now would be in 2035. so you know, there will be a little bit convergence. um, by the 50 i think india, we'd be larger than double the population a lot during the cut on the fact that china, but many things can happen between the before that is just, you know, in the near, in the near projects. absolutely. okay. let's see. augusta at arrow volumes seems to speak to you. thanks for joining us on counting the cost. the noun back in teams as the ultimate comes to the pre pack. his mail is usually pumped in or across america, but it does take a lot of energy to produce food processing and heavy industries such as cement on concrete production account for nearly a quarter of us greenhouse gas emissions. the by the administration is announced up to $6000000000.00 in grants to help clean up thousands of facilities. the single

largest industrial d compensation investment in american history. the department of energy says the money will fundable them fuzzy projects and sectors including alam, minium chemicals, iron and steel. nearly 80 percent of the projects will operate in deprived areas. the initiative will prevent an estimated 14000000 tons of carbon dioxide emissions annually. that's equivalent to guessing 3000000 cause of the roads for a yeah. to which one is now from austin and texas is robot. sure. what his executive director of cobb and track of north america office. so what, what $6000000000.00 to be compromised? the see 3 projects across 8 different areas. let's zoom in on the mac and cheese exam. folks include up to one. everyone's little been interested in that. what are the plans to reduce emissions with that project? well, i don't have the details. yeah,

exactly. of all the projects the here but the but all of these projects share a common theme and the common theme is taking something that is of commercial and commercializing in, in a particular context that will then allow the emissions reductions that can be captured by that project. to scale, but how do we go about that? well, so we need to these instances what, what the, what the government is looking for is we're really working out the kinks with a new technology. and by doing so, find out the most efficient way to, to do that process, whether it's what we get it, whether it's reducing emissions of the production, american cheese or, or, or, or as a circular economy, concepts with respect to refining in other projects. in by doing so make it cheaper so that others can emulate those kind of projects as the industry as these various industries. heavy industries are hard to evade sectors, the car. and that's, that's why i have an industrial emissions from emissions from the heavy industries

and from these types of industries, us so hard to reduce, you can imagine that we have a number of sectors where what we really need to do is reduce consumption. so those are getting the end user fossil fuels. those have alternatives that have become economics that we see electric vehicles, for example, suppose internal combustion engines. as an example of that, we can also substitute the free and power the use of power from a gas generating plant by power as a wind and solar. lots of good bye with batteries as we increase the amount of renewables on board. but in some of these hard to evade industries, it's more difficult because we have issues like high uh, in the amounts of heat that have to be generated as part of the industrial process or other things where fossil fuels have an edge and where there are commercial substitutes, and so the goal of this money is really to deliver more commercialized levels, substitutes for, for those processes. so the idea is to take what has been done in

a change in these studies, the projects and replicates and across the country of the global aspirations for it as well. and i absolutely think so because you know, minds you part of this is to reduce the u. s. emissions in. so industrial missions in the us represent about 23 percent of, of us missions. but in doing so, also offer approaches to do doing that. they can be commercialized, scale, not just in the us, but also abroad. and i should also add that making those emissions reductions. now may also make us industry much more competitive going forward. particularly if we see things like border adjustments on carbon as we're seeing out of the service, wasn't with us as, as one of the wells talk common mixes, it's gonna target to be net 0 by 2050. do you think it's going to hit that target as well? i think if you look at this from a linear perspective, so these projects is $33.00 projects under our expected reduce that one percent of

us missions, right? so if you look at this linearly and say, well, we're not going to get there by 2050 if we're doing one percent a year. but it's both part of a larger picture. and also really trying to use the as curves that we see in new technology deployment to uh, to discounts. so i wouldn't expect it to be linear year of a year, but to have uh, some kind of scaling as the costs come down. and that's what we've seen to, you know, with wind and solar, for example, i have projects, i lost the paste and deprived areas how they also set to improve the lives of the people who live in those areas. yeah, well, so a number of these projects have a couple of levels. so from, from a labor standpoint, a believe the, these projects collectively yours are expected to produce about $80000.00 jobs. many of them, as you note in, in areas that are what we would say are blue color areas. so heavy labor base the

jobs are going to be based there that's valuable. and many of the parties to these contracts also agree to employee labor. so unionized workers as part of the as part of the work. but i would also say that there are going to be co benefits because they're not just reducing the emissions often point source emissions or emissions that are in those locations. but i believe about 85 percent of the projects are going to be reducing criteria, air pollutants. so those are other emissions like, you know, small pm, 2.5 and other particular ones that would, that would otherwise have been emitted over. so it great to speak to thanks for joining us. a pleasure to join. thank you. both in old bridge collapse and disruption to operations that one of america's biggest pause is expected to have a major impact on the local economy. of questions are being raised on whether the corners are being caught as cities competes against each other to attract container

ship business, and whether they're avoiding, paying for necessary infrastructure upgrades to ensure safety. she ever tons, the reports in southern and temporary channels are being opened on the perhaps go river, bypassing the wreckage of the from cisco key bridge, the small the marine traffic. but there's no timeframe for reopening the pulse of baltimore to major congo traffic. the bolt ranch 9 for total us continue to inputs in 2023 number. that's the us to supply chains and global trade. another expected to be effected as call goes re routed to other ports on the east coast. that's not much comfort for businesses in the baltimore region itself. louis cavities construction business will now have to make arrangements to try and school supplies by road or rail, from wherever his goods end up with things being re routed. we don't know what the freight costs would be coming from pennsylvania offer for ginia. we

also don't know what the timelines are ones the for those reopen info discipline companies in the region will return, but will freight companies use baltimore to import goods for the us as a whole, having spent months establishing alternative arrangements at other rival ports? this is one of the holes on the eastern seaboard that are able to receive massive ships with a capacity of up to 10000 containers. however, it is full of the forts in new york, new jersey and virginia will be able to handle v diverted container traffic, called our ship size is doubled since 1986. the donnelly is bigger than the eiffel tower. maximizing profitability for the freight companies. but have multiple now loses its mega container ship business. as a result of this collision, it wouldn't be grimly ironic since the crash and so much that i have long been warnings with. and it's been to compete with other cities for these gigantic vessels to unload of baltimore corners of income tax pair of funds were being used

to attract freight companies through the building of bigger facilities for the ships to announce the profitability. but multiple wasn't ensuring that the bridge these mega ships would be traveling under was ready in baltimore. i mean, they dredge the channels, they widened the birds. they widened, turning radius is they $4.00 to $5.00 horse and doc structures, but they actually didn't do anything to fortify the bridge, even though a car dealership had collided with it in 1980 of baltimore is to learn recent studies suggest the 8 other bridges in the us are as vulnerable as the key bridge to a collision with a massive container ship. she ever times the outer 0 of accounting, the cost baltimore, maryland. i became one of the hits all from the working during the pandemic. more than 300000000 people use microsoft teams, making it the world's most popular business communication service. but vitals of the chats and video app accuse of illegally crushed and competition,

and you regulate to say, bundling the platform with microsoft office products may be anti competitive. the us tech jones is now making changes to how the app is sold. microsoft will allow business customers globally to buy teams separately from us office products. the app was added for free to office $365.20 teams says new customers now have to pay more than $5.00 for the stance loan up. the announcement by the tech john come 6 months off to it and bundle the 2 products in europe in an attempt to avoid an e. u. n t. trust fine. let's take a closer look now at the crowns to this case. european commission received a complaint of possible anti competitive prices by microsoft in 2020 was by the owners of a competing workspace messaging app known as slack. you're paying commission opened a full anti trust investigation in july 2023 into microsoft bundling of teams with other office products. so i think anti competitive concerns. european commission is

also investigating microsoft of all the anti trust consensus. they include the level of its fees and the ability of compassed to messaging services to interface with office applications. microsoft with the fine of as much as 10 percent of its global annual revenues. if found guilty of anti trust breaches has racked up more than $2400000000.00 in a u. n. t. trust funds in the past decade. or joining us now from brussels. it's christina casara. he's a well known economist who's worked as an express on the most high profile and the trust cases over the past 20 years advising both companies and go, let's say, christina, you a well well place to be talking about this here on comes into the cause. thanks very much for joining us. how much of a victory is this for microsoft compassion says that space has now been made for alternatives like flash and zoom. what microsoft has done to activity has to be

said in the sense that they would not explicitly for us to do this yet by the commission. we have fall from the stage where the european commission can monday. so it's an outcomes, it is proactively seeking to deflect on site. what microsoft has done is to say, okay, i'm, i'm bundling this me, i'm essentially allowing people to create their own model. you want the office suite, you buy up a small discount. this is for new customers. you want to match it with at teams as he was before you think about, you can buy jean standalone for a $5.00 price. if you don't want to use, you can still buy the suite, the magic with zoom or slot, and they're easy, not proof of discount there to, to do that. now the big question for competitors will obviously be, well, is that discount enough to decide device people to buy that?

that $2.00 discount relative to the current price? is it gonna be enough full full users to see because worst buyer to buy their product and match it realty sweet? now remember, the team's product is being sold, stand alone, $5.00, not so the price for the entire microsoft bundle of these and teens has gone up some want. so the expectation is that that doesn't they, they, so they, the space in which this will be played to any principle. it does create some states. it does, but the problem is, isn't it, does it, does he relate to microsoft, the microsoft platform, it does everything. so well, it's so easy to use it so cumbersome to bring in different apps and different platforms to it. but maybe that just isn't room for single product companies in the

market. this is the fundamental question of many of the natives around the world. i'm troubling with when it comes to digital platforms. the essence of digital tact forms is that they are echo systems and they find it very easy, which then they also use f off the products. they offer a multiple functionalities that if they do they use that is that they use, it gets a seamless product which works well, which is integrated and this is down them into platforms. army. nope, because sure where gets a benefit. they buy a single product. it works seamlessly, they don't have to bother their head, we'd assembling different things together and it works. the problem does this great, so they create, this is the base by them both are completed on slide slide. light is the same, but how are we going to have this suffice in this world? if there is no room for us to essentially insert ourselves into the bottom

because to make and created. so model, any principally can work. so the problem is particularly acute. we software, which is we work with microsoft as applied for means, because the think about a business model is, was in the past we will use to buy every 2 years and upgrade to the software. now it's on a subscription model, which in price constant updates all the features and functionality. so the entire business model is based around i am giving people more that's subscribing to my bundle and i'm continuing updates and innovating adding features. now that i get an increase of police, a better fit for customers, but it leaves the question where do people stand when they're only selling one functionality? so what's the answer to this? i mean, microsoft essentially is looking at the commission, say ok, i'm about what

a me is dr. holding a problem. how far do you want us to go on and type business model is a fun. you want this to price all a cart. every single individual feature and functionality that, that in the, in the, in the bundle do we think that that's gonna be good for customers with the creating almost complexity. i know most companies. so my picture. so that is really what the question lines. and it sounds like the e u d. c is struggling to regulate that as well. christina can far as i do, we do have run out of time. we will have to leave the interview there. but thank you very much. taking time to join us here on counting the cost. thank you so much . and that is also for this week, but remember, you can get in touch with best buy twist to use the hash tag h a c t c. when you do or drop us an e mail, doing the costs out, is there a don't net is address? it was a multi online at out 0 dot com slash c t c. that'll take you straight to our page,

which has individual reports, links and into the episodes each cap jump on. that's it for this edition of counting the cost. i'm nora kyle, from the whole team. thanks for joining us. the news on al jazeera is that the, it must be the washing in their own words, 3 of your 0 journalists described working and survived through his rails or something. because of course, a lot of my dad was calling and especially his english. i think the sort of journalism under genocide on a just so you know, you want to report, but at the same time you want to feed your company. you also want to stay alive after a 10 year journey, in which it has become the most important translation award from. i'm into the

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challenges here with the is are as prime minister assessment date has been set for ground operation and reference. just as the latest round of does a c spot here to reach a crucial stage in colorado. the carry johnston. this is all just here a lot from the also coming up, palestinians were turned into the homes in con eunice, ben garza find early bodies and rubble left by.