on the go and meet tonight, i'll just there is only move i left. is that the, this is where we, the effect allies from out is there is a mobile app available in your favorites apps to just set for it and typed on a new app from out is 0. news that you think is it the hello, the nora kyle. this is counting the cost on alex. is there a weekly look at the? well the business and economics this week, oil prices, i've had 7 months high optim middle expansions intensifies. will. this might continue. and how will that affect the global fight against in place and promising

to end years of financial turmoils and pop way has launched a new currency backed by gold. when it helps stabilize the economy and hits by cost the boy costs in the middle east of the war on garza mcdonalds is now buying back of it, says wally restaurants. the oil prices are at the highest level in some central banks of keeping a close eye on the markets for the 1st time since october. brent crude, that's the international benchmark. talk $90.00 a barrel last week that preston's the rise in gasoline prices in the us and elsewhere, we're igniting fis over inflation. the increase in prices as being driven in punched by jew political tensions in the middle east. supply sharks off to several output costs by opec, and this allies are also pushing up prices as well. the grids of major oil

producers started slashing production in late 2022. saudi arabia is leading the latest round of cost bosses not alone. russia to wait on the united arab emirates of also agreed to lower the output from april to june. the goal to level global supply and increase demand. oil prices average around $80.00 a barrel in 2023. the i m f says saudi arabian, these prices to be above that figure to balance is punch. it was a significant spitefully, no type of 7th attacks, but eventually price is leveled off again despite the ongoing costs. now oil prices hitting the highest levels in months as around $90.00 a barrel. now, some on the list expect oil prices decline even further at around a $100.00 by september. when oil prices go up, so to just the cost of other commodities and that compose a problem both for us present, joe biden as a families struggling to make ends meet. well,

let's get stuck into this with mill atkinson in london, he's an independent energy. i'm less than the full ahead of the oil industry and market division of the international energy agency going to be speaking to you. now . first of all, we do need to mention that the time of recording this program, there's a lot of speculation that there will be an imminent yvonne attack on israel. so how is that family effecting oil prices? the more yes, there is a great deal to do, but it goes speculation. there's no question of that. but my personal view of this based on windows based on following me least to politics and extra fact, an oil for many years is very unlikely that iran is going to carry out any kind of operation which is so enormous is that it would be considered as an actual iran tends to play a long game and well, there's no doubt that tensions a ruptured is not following these really attacking syria. so far, at least,

we have not actually seen any material reductions in file supply since the october 7th attacks. and since the most recent, right, you know, for tensions but between the us new route. but how broadly due to physical tensions play into the oil prices because it's not just in the middle east, that's a bed. so how many of those to go in the will in ukraine? yes, of course. and initially following the russian invasion of the cray, we saw a very, very law spiking oil prices, which have a material impact on global economies in twice to 20 to 20. negatively things shuffled out of the true picture stats. we much unable those sanctions have been imposed against russia and we now have the g 7 price cap. the actual flows avoided for russia of not meant of not dig fine massively. it's not, there's not really a decline very much at all. they just moved from one market to another. so jim politics is always a factor, the october, the 7th attacks, a use that led to

a short time spike. we're seeing some tension now we're just playing around with us . so the tension is always that, but it is very, very difficult to $1.00 to $5.00. how much that means in terms of uh, dollars a barrel on the product you. so then of course that brings us to the all the key fact to which is supply. and we see solid, the driving production costs to keep the prices high. all the other opec countries following suit. savvy ray, who is leading the cops as you quite rightly suggest a country such as the $90.00 networks. i'm not actually fulfilling all of the breaking of that. so they subscribe to. but broadly speaking, the opec plus a live study side, you rate the, the opec mounted is plus russia. oh, broadly speaking, keeping the nuts, oil off the market. which taken into consideration along with the other factors in the market, such as demand a supply from other countries, means that there's a perception that boil market is tightening. and that's one of the reasons why

we're seeing price is higher than we've been used to. and we thought this of you have a meeting in june of ministers from opec plus how much leverage to other countries like the us and canada have of these production costs from the countries and sounds that have not really cost. but so what we're expecting in the costs of 2024 is the production produced by companies in the united states and will continue to grow. the plan of production from canada will continue to grow as little production from brazil and also from guy on it. and it's expected of my contract to for 2024. i would think that the impact countries will not be pushing more back into the market. initially. they'll want to see how, how strong the prices remain and for how long before they take any, any decisions. so increase price is a palm power result of high oil prices. this is how it directly affects it in one

way to the consumer. this of course spells trouble doesn't that in an election yet for the us present, joe biden? yes, and we already have to go back to use to 2022, where we have a very similar situation where the market type in doubt popular costs due to the destruction following the russian invasion of ukraine. and of course, during 2022, the united states participated with all the countries and a very significant drone down a strategic model stocks possibly intended to protect us consumers of the pump in the run up to the midst of questions. and you can argue that the steps united states talk did have an impact, but an hour in the presidential election year. and it's pretty obvious that the price is name remained a relatively high and it was possibly even got big i, the us president will come under, you know, most domestic political pressure to do something about that. and that could mean

another reduction in the united states to, to petroleum reserves. it could mean diplomatic pressure outside the arranger, and obviously increase that production. so it's a very tricky, political position for vitamins to be in. and, but we have been here before, i just lost a deal briefly if you kind of how the oil price wise is likely to complicate efforts by central banks to cut interest rates. well, in your introduction, you refer to the fact that uh, higher oil prices do feed into and conceal the price of just the oil is such an important component of many industries and 90. induct elective it is. so, you know, we have a situation where the fact of the, how the central banks will be looking very closely of commodity prices. and, uh, you know, we're seeing in the united states that there's a very hot jump market. we're seeing a lot of job creation. and i would think that the elevated on morally right the door prizes are going to get into effect in particular costs to some concerns. and

they may well postpone any our interest rate reductions that they might have been planning. okay, now atkinson in london, thanks so much for joining us here on counting the cost. a. thank you. now, gold has been on a roll and the past 2 months, hitching a series of records. the precious mouthful, reese mold in $2300.00 per ounce. last week, rising by mold and 12 percent this year. now the increase in price is driven mainly by china's gold buying spree. central banks mostly in emerging markets, are also buying up dodge amounts of gold in 2008, some bob way printed the now infamous $100.00 trillion dollar bank notes installation was at 500000000000 percent back then. this is in bob way dollar and lost nearly 80 percent of its value. in response to central bank has introduced a new currency called some public gold or zinc backs by gold. it's aimed at

stabilizing the economy and bringing down prices. but will it what? hi, latasha reports from her, all right. the streets in to say some customers are no longer accepting these installation. it said they waiting for the bobbies new car and see the notes to hit the streets at the end of april. that means people are stuck with cash that will soon become useless. i know these are last wish day to. this is money to get to know what did the good, but no wish of it towards the woods. the country central bank governor says the music notes will be best buy gold results and foreign currencies does equal to places and bobby, and dollar that has lost 3 quarters of its value so far to see a public reaction, the boss and you current is mixed. but some of the bobby's optimistic, i think it's a good news. which government has done to kept the inflation rate?

i think it's going to be for the better, but we haven't seen it in take collision yet. the bobbins have a history of mistrust with a central bank. many people and businesses preferred to use funds harnesses for transactions. for example, fuel is sold in us dollars. the easiest way of trying to build confidence, brooke and confidence, is for government to make sure that's good to cost services, and the goods which i've had up in the market should be paid in a sick. and that way, no one will reject it because it is what they say. there's a lot of value weight is going to be accepted. the government says over printing will not be allowed to happen again. but people have heard that before the above, as currency has changed several times over the years, here are some of the original notes from 1980 when the country gained independence from britain and over the years because of the can on big instability, anti inflation. the notes have changed in design and in value. these are the ones

people are using now, and these nose will eventually be replaced by the signal when they come in the 2nd issue. inflation for teams involved and hope to use the car and see what stabilized or they can do is wait and see if it works well. several countries have launch new currencies in recent years. venezuela introduced new boulevard notes back in 2021. at the height of a dia, financial crisis, they featured 6 fuel zeroes, intended to ease cash transactions and bookkeeping. the following year nigeria lawrence new narrow bills to help manage inflation and limit money laundering impacts. don is looking through the same it times to gradually introduce bank notes to enhance security and prevent counterfeits to well joining us now for a little while and then pop way is prospect chism bar. he's a development economist, i'm senior research of for the labor and economic development research institute

for them. bob blake, good to have you with us. the think it was introduced the days ago. it wasn't that it does seem to have had quite a cale takes thoughts with many of having not to be ready for the switch. what are your feelings about this new current? say? well, i think i may, it's a, it's, it's a new start. it's a, it from a new got been a and to we all course, that's the optimistic that said it quote, probably as solve the problems of sustainable growth. in my mind, this up line was that z is going to be linked to the reserves of the quote in the united states, the 38. so that's not going to implies is that an increase in is the minus apply? yes, to be supported by an increase in the supply of the board reserves or united states dollars. and the central bank is also a schwab, the nation. that's a from now on there would be no more pass. this is called activities. so this, uh,

a activity is that the central bank is been doing in the past, but that's not true. it is no central banking effective. it is. so we are hoping that if they're able to go up the top in terms of cutting it big on that and also even on the it, does it say oh, by the facility to the government? i think that to deal so contributes to stability. okay. in terms of what going on a vis a simple boy, 6 attempts to have a functional local currency. why does it keep collapsing? what is at the house of the problem? the problem is been the crony kind pollution. so as in bob good is being affected by a 20 kind pollution and for the grid up parts of the last it to a decade. us in the coney kind position is been as it is out of it, my level of discipline in terms of our all we manage all month. the system is,

or there has been unsustainable growth in the money supply, which is closed excess demand in the economy day by pushing up the price as a basic goods and services. this situation is what makes a lot that recall so much money choosing tool fuel goods. so i think that's been the cox of the meta and a lot in our ability to control a um, sustainable growth in minded stoplight, and also to keep public spending with then that billable resources are the trouble is, isn't my name's and bob wins. don't trust the central bank to have a cannot make discipline. it trusts that it's not going to print, accessed money again. so it seems that most people, reggie, it's sticking to the us dollar. the challenge i think is a city of trust and confidence deficits. not just in the local currency, but also in the key economic institutions. in particular, the central bank, the following is a 5 inflict and fits

a we have suffered from 3 bottles or episodes of 5 and pollution in the past. so i'm guessing that is pick the day, the confidence. so if you're going to be agents in the central bank and also in federal credit and so, so why should this current see be any different? and i think, you know, the fact that say we are linking money to supply which is and we've just been a major problem and we are leaking that money stoplight. so the reason that we have plenty, if that's good to help, to really meet a microsoft like roof and oh, saved into limits. and how much is i'll tell you, provide it to the central bank through the old i dropped a subsidy. so once we're able to deal with that problem of unsustainable growth in minus upload dot should ill. so provide some type, it's population in terms of the exchange rate, which has been the cubes either or the, or the, or the i listen. a lot of people will be watching. i'm waiting to say if that

happens, prospectors and borrow money. thanks indeed for joining us. now, the un says 2 johns civil war has closed. the world's largest displacement crisis since fighting broke out between the army and the time of 2 rapids support forces. nearly a year ago, millions of people have been forced from their homes. most of them shows of food and hundreds of thousands have fled to neighboring countries. malcolm lab reports from a transit comp himself to john's bought a town of rank every morning, selma adam sends her granddaughter to maya to try and sell some of the few remaining items of clothing around many buyers in this transit camp in south sea, done more than half a 1000000 people have arrived here and the last, the things to done civil war. most everyone struggling to get by the sale means to my assignment evil. today. they said fighting and see times capital cost 2 months ago to my father died soon after arriving here and left selma to look

off to her grandchildren the money to use it. and i got a phone kind of to give to one of the con i after we arrived here, we took my son to the hospital. he'd been in for months without any treatment. and he became lost on the johnny of to 5 days in the hospital. he died, i was told to come here and register 6 months ago. there was no market here. many of the traders themselves have to flee the fighting, and they set up stands to sell food to the growing population of displaced people. the everything here is from see don, the onions, a grown, the lentils rice old, transported here, and because of the war, the price is just keep going up. most of the above sounds 2 times economy depends on, you know, the neighbor exposing its will. i'm importing manufactured products here in the town of rank. don't keep taught spring goods from the buddha. all the possessions

of those on the front, such as estimate sea times economies contract it by about half since the world. again, that's a problem for those countries. these going to be a continuation of desperation on destitution in votes. so don, us, we're licensed out so that we made rece relapsing back into c one waiting. so to don, i sent his article from man of everybody economy, which has consequences on the ability of the government to run a fast, but also in the ability of society to quite exist. many of the displaced people arriving here originate from south suite on the set civil war here. yes. before went to cost team seeking jobs. some come from ponce's south seat on that still have um, conflicts of areas of stuff with consecutive years of flooding, collecting fund. i would, the sat is one of the few ways people can afford sued in the comp. everyone has that one country that's no longer safe on the right then another where it's

increasing the call to survive the war ongoing. so has caused more than $18000000000.00 in damages to critical infrastructure. the scale of devastation across the strip is unprecedented. report by the world bank of the united nations says most of the destruction has been to housing units, health centers and education facilities. it's one of the most detailed financial assessments. yes. the report shows the damage equals move ins. 97 percent of economic output from the field supplied west bank and gaza in 2022. the widespread destruction is also complicating 8 delivery, with more than 90 percent of main roads hits and communication significantly limited to consume is protesting against the wall. on garza, with the wallets several western brands are paying the price of boycott. sorry for that to save supports. israel, amongst them mcdonalds, which has been criticized for offering free meals to israeli soldiers. that's his

box boy cuts in the middle east, malaysia, indonesia and from some adult is buying back. it's the 2 year old is really fun sized pulling a slum in global sales on mcdonald says is reached entailed with franchisee alone, yell to baton $225.00 restaurants, but the financial times have not being disclosed out of the west. and brands, including starbucks. i've also seen boy called campaigns. the chain of coffee shop says lang of thousands of employees, the plays and it's bronchitis across them. at least the push as part of a launch, a boy investment and sanctions o b s, campaign that targets as well. funds the brands since 2005 to what to any us now from ramallah in the occupied westbank is somebody i'll book me. she's an assistant professor in economics, a busy university, and a campaign, a for the b ds movement. great to have you with us. i'm in the boy coats really impact mcdonald's that much and will this move to bias is riley prompts his make.

any difference and reports from mcdonalds, the know what to then to basically it is say is targets have not been met to they had been the projection of the $5.00 series targets for the 4th quarter, 2023. and they only managed to get to a point 7 a girl today. so and yes, a, the blankets have been an effective. and so it seems it the same as the videos all mcdonalds that have been hit. this one, the stock price, and assign them to independence. company with those has moved to a buyback the fence josie in, in italy pretty cents. and in move to try and save the brand a twin and have an inbox in terms of the stopping. the boy bought the,

if mcdonalds, actually it goes all the way through and with the strong and the is a, the market. so, and we do not expect the blankets to stop by the fact that in the parent company, mcdonalds, just bullets back there in the franchise. the, in the, in, inside. okay. a pdf, the movement that you'll come panting with. it's been around for a number of years. how have you seen it growing since, as well as long casa, is, has gone the, substantially, there has been, a lot of the boy called, so either is there any companies or companies that are involved in the supporting subclass of the colonialism. so the campaign has a and has been marketing fine because it's american is in woodbine individuals, the civil society organizations and companies and so on can actually contribute to

in the process of and being colonialism. and the genocide, all gaza has basically exposed in space the rest of the world and the dead for the poles of the wall, then it companies, the economic markets have been they seem to this ethic than this. and so we have been seeing get a growth in terms of investments from companies in terms of culture, to avoid costs in terms of the economic sports. boy, how concerned all you though with companies being on family targets head? because mcdonnell says, but it's this made by, was it cause of this information campaign that it's taken sides in this conflict? how's it's taking sides? it's franchise and is that it has big inside? yes, it has. it's been supporting and soldiers that, that have been committing genocide. so this is a blog, is

a very blog is situation of taking sides. and of course i am. those has called that switch this with it's, it's franchises around the world and therefore it is responsible for and in a way, making sure that it's name is not implicated or a complicit in the process of supporting the crimes. and this is why i think about the dogs has made this move all at purchasing back. it's the franchise the in, in is uh, yeah, i do not think it's enough. and i don't think the boy ups will stop just because the management of the franchise decides the franchise of change. i can't remember the kind of like the jump canada of somebody i because playing the boy taught does have an impact on brands with sting,

mcdonalds reacting to it already. but it also has an impact on thousands of workers who lose that job. so how do you reconcile that? and this is always a question that's been targeted. the boy thoughts in the south african case in the indian case in all cases with colonial isn't, was this the apartheid was, is this the to boy glove? and we do really, i mean this is what the city pro is, but you also think it's relevant to all the times and no cuz wouldn't be able to actually make up for these and phone and mark to national companies locally. so, and in all cases, these jobs last will be actually met by local companies to be springing up and, and providing these jobs. now this is veronica nomics perspective, but strongly political ethical perspective. and i think in the fight against

the colonial is in subject put on you to them a part time racism has a cost. and this cost is, is ethical in the sense that we cannot really accept forms of oppression because we don't want to lose our jobs for us is by this thing is, and this was also the case in south africa and we have, it always said, you know, board quotes all is well just come up with these best model. calm palestinian work is a, i'm not an issue for palestinian somebody at all, but my great to speak to thanks very much for joining us. that from ramallah. thank you. unless is all show for this week, do get in touch with us on x, fully known as twice a day. use the hash tag h h c t c. when you do on top of an e mail counseling, the costs at all, just the dot net is addressed. and that's more if you online at, out to 0 dot com slash c t c. that'll take you straight to our page by the

individual reports, links and, and other sites for you to capture that set for this suspicion of counting the cost . i'm nora, kyle and from the whole team. thanks for joining us. news analysis, sarah, is that the to make his biological rhythms heat, the percentage ultimate but this is not to it's countless killing works of ality official light, allowing industrialized agriculture defies seasonal and geographic constrains witness shed slice on the impact of emerging cultivation on the natural world. to which we even know sleepless bags on tuesday era growing up in greece means taking action. welcome to generation change

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colleges, when the of israel's warming of guns are, continues that these 4 people have been killed in an attack on a home outside the southern subject of the hello. i'm down, jordan, this is all just there in life and don't. and so coming up, israel announced or responded to ron's drone and miss on the top of this ally of the united states was against any escalation the 1st of a criminal trial for a former us president gets on the way donald trump faces the charges of falsifying records during the 2016 presidential campaign and full of people have been injured

in a lifetime during a church service in sydney on monday. at least that because i did have religious meet, motivates.