u.s. naval vessels the brits the turks and also israeli submarines believed to have to be placed there israel has been accused in the possibly using it submarines of targeting talk of course these things are never confirmed israel does confirm however that it does target iran and you know backed forces on the ground or weapon shipments or shipments it believes are deemed to the group hezbollah so again nothing confirmed but we do know that a technical institute was hit this is according to the syrian state use agency the russian media spot nick saying that it was syrian army infrastructure so things not exactly what exactly was hit but the video showing large fireballs in the sky multiple missiles used but again it just shows you how complicated syria's war is with all the talk is about the loss the rebel held stronghold in libya last stand of the opposition you still have various state actors with a lot of interests when it comes to syria. now russia and turkey have agreed to set

up a demilitarized zone and syria's last rebel held province of its hollowed so this will keep government forces and rebel fighters apart russia's defense minister says that means there'll be no military assault which many were fearing or challenge reports from moscow. for weeks it has been bracing itself for the assault that seemed imminent damascus and moscow signaled it was coming for they wanted to clear out syria's final rebel stronghold and after a low bombs that started forming again but following a marathon meeting in sochi it looks like turkey's president has persuaded latvia putin to try something different for a while at least he has sold his off necessary joining the meeting we took a close look at the situation and decided to create a demilitarized zone along the contact line of syrian government forces on the armed opposition fifteen to twenty kilometers deep by the fifteenth of october. the

current year. it's a success for russia typer the one who has mounted an urgent diplomatic campaign to avert what the united nations said would be a major humanitarian disaster were merged together we will ensure the detection and the prevention of provocation of third parties and violations of the agreement. russia and turkey will carry out coordinate patrols on the borders of both sides of the demilitarized zone that will be designated all heavy weapons will have to be withdrawn from the buffer zone and what putin called radically minded rebels including. would have to pull out the details are to be agreed with damascus according to russia's defense minister yet again it's been made clear that spite all the talk of syria's territorial integrity its sovereignty that it's syrians themselves that should be deciding the fate of their country ultimately it's outside powers that are calling the shots but those outside powers have their

limitations to russia can't ignore turkey and monday's developments show that things russia needs to call it syrian intervention a success the return of refugees reconstruction the political process would be all but impossible without ankara's involvements turkey terrified of a new wave of homeless syrians put its foot down moscow listened and did lip gets a reprieve for now rory chalons how does iran moscow. still ahead on the bullet on the four modern time latest charges of corruption we'll take a look at the political future of christina patch now and a water crisis in iraq that's destroying its crops and the future of farming. i know there's two showers moseying about the east and black sea trying to cross

into was the caspian by otherwise you see very little on this chart we're looking by satellites in the moment and that's where you see it's still sunshine by day still up to thirty one in kabul there wasn't really much relief from the showers to the north and east about thirty three in tehran of hint maybe of showers coming to the southern caspian nothing to the west of that still into the forty's happily in iraq and diving q eight and still hanging around about thirty mark in beirut so not much change just yet no change in season nor is there much for prevailing breeze down the girl so it's still quite human in bahrain and in abu dhabi for example on include qatar in this it's thirty eight degrees with a hint of us truly rising temperatures of forty one by the time we get to wednesday it could well be this is a dry dusty one humidities dropped not certain central amano with sudden the man solace to got the onshore breezes for the monsoon retreats it's still going to be daily cloudy and drizzly and green now has been a bit of rain recently heading towards cape town trying to make something of it and

so the cloud is then the green is this all going to give you some rain in the forecast only fifteen degrees certainly a hint of it but it does run shouldn't take two days disappear so it might actually be worth while. because this week ten years later why young people are picking up the bill for the global financial crisis could a seismic event be brewing it emerging markets plus behind walls bubbles and crashes in the global housing market counting the cost on al-jazeera.

these are our top stories south korea's president. for his third summit with kim jong un as he trusts revive stalled nuclear disarmament talks this is the first time a south korean leader has traveled to the north in over a decade. the u.s. is escalating its trade war with china with another two hundred billion dollars worth of tariffs on imports from the world's second biggest economy the ten percent will take effect from next monday. to twenty five percent on january first next year. and syrian state media says its air defense forces have antiseptic missiles fired at the coastal city. there were reportedly targeting state run and buildings on the outskirts of the suspected to be behind the attack meanwhile the russians

reconnaissance plane has disappeared over the mediterranean sea off the coast of syria. rescue teams and northern philippines a digging through mon looking for survivors of a landslide triggered by typhoon man caught at a mining area in a province where many locals had been sheltering. from the time. to the country on saturday. we're joined now by. she is live for us on the phone from. what are the latest on the rescue effort. as. we climb down the road the morning. pretty me down and we were right there. where.

they're actually. one. ration you know. we could actually see that the ground was standing on something. many. bodies. think like operations. because everything is done manually. something like. national government and they are. really. actually. want.

to thank you very much for that. joining us live. thank you. more than one hundred people have died in flooding across ten states in nigeria heavy seasonal rains cause the niger and benue rivers to burst their banks floods and spread across the country over the past two weeks and national disaster has been declared and for states the government has provided twenty one million dollars for medical and relief support. now thousands of ethiopians have demonstrators in the capital against ethnic violence over the weekend that left at least twenty three people dead police fired tear gas to disperse the demonstrators two hundred people have been held in the capital addison over the violence the unrest follows a mass rally last week to mark the return of leaders of the formerly exiled liberation front group. now on the u.s. east coast heavy rain is still disrupting rescue efforts in the carolinas storm

florence has been downgraded to a tropical depression more than thirty people have been killed in north and south carolina kristen salumi reports from wilmington north carolina. it may not be the strongest storm to hit north carolina but florence is the wettest rivers continue to rise as rain continues to fall as much as a meter across the state so far among the lives lost in the storm a one year old boy swept away from his mother as they tried to escape their car in floodwaters. tens of thousands of homes have been damaged with more misery predicted for those who live along rivers which have yet to crest thousands remain under evacuation orders. closer to the coast the sun came out but many roads remain impassable the city of wilmington was cut off from the rest of the state for nearly a day here in wilmington electricity and basic supplies remain scarce people have

lined up here for hours trying to get ice they're trying to preserve what food they have left for. three years in a lot of community many expressed relief for the break in the weather and a chance to take stock. of travel we've had. on the floor. but we make everybody in our neighborhoods pigeon in working together i've been here all my life i've never seen anything like do you see it's just it's so unusual way not as much when we're more rain but even as utility crews work to restore power to the hundreds of thousands still without florence has begun wreaking havoc elsewhere moving on to west virginia and virginia where they are on the lookout for tornadoes as well as more rain major rivers are expected to remain flooded for the next two to three weeks kristen salumi al-jazeera wilmington north carolina.

us supreme court nominee brett kavanaugh and the woman who's accused him of sexual assault will be called to testify before the senate judiciary committee next monday committee how could has more. u.s. president donald trump's nominee to the highest court in the country the supreme court is in doubt and spite of that the president is standing with brett kavanaugh he is one of the great intellects and one of the finest people that anybody has known cavanagh is at the center of an explosive allegation that threatens to derail his nomination. it came this weekend by this woman christine blasi ford who says cavanagh attempted to sexually assault her in the one nine hundred eighty s. a charge he vehemently denies this is a completely false allegation i have never done anything like what the accuser describes to her or to anyone ford's lawyer says her client has taken a lie detector test and is now prepared to testify before congress this is not

a politically motivated action in fact she was quite reluctant to come forward and she was in fact outed after she had made the decision not to come forward ford is now a professor in california she says when she was fifteen a drunk seventeen year old cavanaugh pushed her into a bedroom at a party groped her attempted to remove her clothing and held her hand over her mouth to prevent her from screaming republicans say they'll give cavanagh afford the chance to be heard by the senate judiciary committee the timing of this nomination is also important to any delay is a problem for the white house with just weeks until the midterm election to determine control of congress needs to get a conservative on the bench before it's too late kimberly health at al-jazeera the white house anjan tina's former president cristina kushner has been charged in a corruption scandal the judges also have parliamentary immunity to be lifted so she can be detained cochon is accused of taking millions of dollars in bribes

during her time in office by me pay a senior director for america's market intelligence and he says the indictment comes as the faces challenging economic times. this is actually the logical step of a long investigation into scandal the started several months ago and there's already been more than a dozen people investigated and actually indicted on these cases what happened is that the former chauffeur of the minister of planning under the current administration had kept track of the series of the deliveries of cash to office is essentially the the presidency under the current administration they were talking about eighty seven occurrence of casual livery and this is potentially money that was provided from a large infrastructure company looking to gain some contracts in argentina and i was probably used for campaigning phones and person one by them and from the carter family argentina through the travel time right now my creatively cemented plan to

be able to gather more support from the i.m.f. initial loan money including a series of different strong measures such as the reduction of subsidies to energy prices and increase the potential die of taxes on exports for argentine producers so a series of austerity measures to be able to gather support from the from the i.m.f. and that was supposed to be the basis on which our christlike person or was aiming to you build a future political campaign for the upcoming elections of may twenty ninth seen so obviously these are charging from the from the prosecutor in the in argentina is arriving at a time where also my queries actually you're of limiting the potential support of the opposition although in argentina the opposition is not as united under kirton right there has been in the past there's a series of different additional political candidates that were already fighting kirsner to be the opposition voice against my creed in seven months from now. now iraq is running out of water and planning ministry says about ninety percent of the

land as does it and a small amount of remaining farmland is shrinking by five percent every year fama say their future is a dying with their crops rob matheson reports from baghdad. this is what's left of this section of the once mighty tigris river. barely enough water to escape iraq's burning daytime heat the tigris and the euphrates rivers were the main water supplies for these once lush rice fields. farmers like raman used to be able to grow up to eighty square metres of rice. that's only a little over one percent of the size of an average football pitch but it helped to keep his family alive now he produces barely a fraction of what if you grow before now and. look how dry this land is we can't get enough water even the water irrigation canals are empty and. iraq's ministry of water resources says that levels in rivers like the tigris here in

baghdad have dropped up to forty percent over the last twenty years they say that partly to blame our dams and reservoirs which are being built in turkey to the north and they're restricting the flow of water southwards but also in the last nine months iraq's only had about half the amount of rainfall it normally gets over the course of a year and that's making things even worse it's estimated iraq's strategic water reservoirs contain eight billion cubic meters of water less than the minimum the country needs so the government says it's stepping in the minute i didn't feel when we planned to cultivate around fifty square kilometers of rice as well as sixteen thousand square kilometers of orchards and vegetables for people to use in their homes but we can't provide as much water for crops as we did in previous years. farmers tried digging wells to reach water underground but it's often saturated with salt and that's deadly for plants. in the past we made more profit and we were

rich with crops now we can hardly grow enough underground water isn't a solution it's a big problem to not have much water to irrigate your crops many farmers are taking jobs as laborers in the streets and on building sites leaving behind their dealing fields rob matheson al-jazeera back down. and a reminder now that you can always keep up to date all the news on our website that al-jazeera. i know again i'm elizabeth rodham and the headlines on al-jazeera south korea's president. yang for his third summit with kim jong un as he tries to revive stalled nuclear disarmament talks this is the first time a south korean leader has traveled to the north in over a decade rob mcbride has more from seoul but also it has to be said

a very friendly warm hugs handshakes smiles also breaks with road to gold with kim jong un himself coming to the plane the steps of the plane to greet moon j.n. in person this is we are told a break in protocol it's just one of the ways that this summit is different to the previous summits that have taken place under previous presidents and according to the south korean officials it gives hope there is evidence that unlike previous summits in initiatives this one might indeed be successful the u.s. does escalating its trade war with china with another two hundred billion dollars worth of tariffs on imports from the world's second biggest economy the ten percent hike will take effect from next monday then and close to twenty five percent on january first next year syrian state media says its air defense forces have intercepted missiles fired at the coastal city of latakia they were reportedly

targeting state run industrial buildings on the eastern else codes israel is suspected to be behind the attack meanwhile the russians were conifer this plane has disappeared over the mediterranean sea off the coast of syria. president for the u.s. supreme court will face questions over allegations of sexual assault along with his accuser that appear before the senate judiciary committee had been planning to vote on brett kavanaugh appointment this week a woman says he groped her and tried to remove her clothes at a party in high school kavanagh has called the accusations completely faults. argentina's former president cristina coach now has been charged in a corruption scandal the judges asked for her parliamentary immunity to be lifted so she can be detained accused of taking millions of dollars in bribes during her time in office last month the senate partially lifted her immunity so she could be investigated well those are the headlines on al-jazeera badoo stay with us counting

the cost is coming up next. it was a big problem because it was different people in the center of nine. miss universe hugh was a buoyant character on the other a ruthless operative for the palestinian cause some israeli intelligence sources claim that planned. for years these really try to find him and kill him al jazeera world examines the life of. the hunt for the red prince. hello i'm adrian finighan this is counting the cost on al-jazeera a weekly look at the world of business and economics this week ten years later why young people are picking up the bill for the global financial crisis. also this week the weakest links fears over

a seismic economic event that could be brewing in emerging markets. plus behind gated walls the growing wealth divide and the housing market. this week we're marking an important anniversary ten years ago on september fifteenth wall street bank lehman brothers collapsed but this event wasn't about a one hundred fifty year old bank lehman was a key part of a chain reaction one which ultimately threatens one rival the global financial system banks across the u.s. have been offering housing loans to people with bad credit for years so-called subprime mortgages and this is where things got complicated those loans were packaged into risky products and sold on to global institutions regulators were asleep at the wheel and huge risks were taken lehman triggered widespread panic over fears that the system was riddled with bad debts credit dried up and banks stopped lending to each other governments had to bail out banks

a. then act emergency measures taxpayers' money was pumped into the global financial system to keep it alive the loss of confidence in the system led to a global recession and a huge collapse in consumer wealth the after effects are still being felt today so what's actually changed since you may ask well global growth has recovered since the great financial crisis and the recession that followed the world is on track for three point nine percent growth in twenty eighteen according to the i.m.f. but that recovery is very uneven we've seen a decade of record low interest rates and new rules and regulations to shore up the banking system but the emergency measures used to stimulate the economy and bring it back to life have been in use for much longer than intended quantitative easing or government buying of assets helped to preserve wealth for those that had it but young people today can't afford to acquire assets that wealth gap is on the

increase globally total debt is now worse than before the collapse of lehman brothers those record low interest rates in the developed world meant that it was cheaper for developing nations or emerging markets to borrow in dollars or euros and we're now entering an era in which central banks like the u.s. federal reserve aren't keeping rates low anymore and that's lending support to the dollar so as the dollar rises it's now costing those emerging markets a lot more to repay their debts and what about wall street well stock markets have tripled in value since the crisis but it's tech stocks which have replaced financials as the new masters of the universe so if another crisis is brewing where will it come from zero scott high the reports from hang joe where part of china's massive shadow banking system as recently faced a crisis of its own and some aspects a similar to what happened in two thousand and eight. at thirty two young joe focuses all her attention on building her wealth

this motivation she says comes from growing up with very little. money is very very important to me because money come bring me the sense of security i don't want to live poor again. living in hong joe joe embodies the entrepreneurial spirit in this city known for its financial technology industry and home to e-commerce giant ali baba but she and millions of other people in china have lost billions of dollars after investing in what are known as peer to peer lending platforms or p. to p. amid stricter government oversight than the panic withdrawal of funds by investors more than two hundred firms have failed in the last three months p.d.p. firms gather money from investors and then lend money to small businesses and individuals with many promising high returns on those investments and that concerns economists as the p.d.p. industry in china is the world's largest with more than one hundred ninety billion

dollars at play this on the tenth anniversary of the global financial crisis for the problem i think it's a had a mom in china for a long time but now it looks especially dangerous because a lot of a lot of those debts are tied to the property market and like the recent crisis much of the borrowing or used to finance their housing market is speculation and she says some aspects of p.d.p. lending are similar to the sub prime loans in the u.s. that led to the two thousand and eight global financial crisis the outcry over the failing p.t.p. companies was so big in july that the government here joe had to use athletic stadiums to how is the complaint centers for the thousands of investors looking to get their money back or simply find out where it went very much i want some of those who lost money took their anger to the offices of one p.d.p. firm protesting out front chanting we want our money back. joining us now

from london is russell jones russel's an economist and partner at the wellington consulting. independent economics advisory for russell great to have you with us again on counting the cost now you were at lehman brothers ten years ago is this financial crisis over because a lot of young people feel that they're still paying for it i think there are still some issues that need to be handled. my sense is that are though the financial system the international financial system is a lot safer than it was in two thousand and seven or at least should we say it's better equipped to deal with the sort of crisis which began in two thousand and seven and two thousand and eight there are still some some outstanding problems not least in the area of of economic policy i think vacs we are overly dependent upon monetary policy if you like the mix of fiscal and monetary policy is still too skewed in favor of what central banks have to do i think it was been

a lot of shortcomings were structural supply side policy is concerned and that's left us with a lower potential rate of growth in the advanced economies and i also am concerned that there is an element of backtracking on some of the financial sector reforms in the united states and this is something that we see quite often the desire to reform the financial sector ofter a crisis tends to way in the longer we are into the recovery the sort of us approach cyclicality if you like and again you can see that in some of the things that the trumpet ministration is done recently gordon brown was britain's prime minister ten years ago on thursday he said that with sleep walking into the next crisis that the world is not ready to deal with another crisis is he right i think

what mr brown said has as more than a grain of truth in it we still have an awful lot of private sector do. yes in the world economy which was one of the balances which which was playing out. in the last financial crisis is still a lot of debt i think another point that mr brown made which i would certainly agree with is that the cooperation between the major economies is really under a great deal of pressure at the moment. mr trump has launched quite an attack on the international financial institutions and it was through the guise of those international financial institutions the i.m.f. the world bank and so on the o.e.c.d. that a lot of the policy measures that would take on the death of a crisis. were conducted through what with the help of we're now in an environment where there's a lot more bilateralism there's a lot less multilateralism as i say the americans the most powerful economy in the

world still the government is if anything on the mining these international institutions and that is that stream the troubling as it warren buffett who said you don't know who swimming naked until the tide goes out and to quote buffett again where are the new weapons of mass destruction emerging markets could a whole country fail i'm thinking about. its problems or is no doubt that the emerging markets now are increasingly important to account for more than than half of global g.d.p. and it's also the case that the chinese economy which has a huge amount of outstanding debt is increasingly important it's actually been a good thing over the last nine years it's growing very fast and it's helped to to bring the world economy out of out of what was affectively a depression but it is vulnerable it has this debt problem there are underlying

tensions between the sort of capitalist economic system and the communist political system in china which. i haven't gone away and as you said there are other emerging market economies which are in deep trouble argentina brazil turkey i'd even go as far as south africa and maybe even some of the smaller countries like egypt pakistan and so on so we have to be concerned about those and in some of those economies the politics which are playing out already not conducive to the right sort of policy response and there in particular i'm thinking about the imminent elections in brazil in argentina and the political situation in turkey where you have a president who doesn't seem to want to take on board any of the conventional economic wisdom and that's a worry you talk about the troubling levels of high levels of personal debt that

we've seen how do you go about fixing the inequality that last ten years the financial crisis has led to i'm thinking about in particular young people who can't get on the housing market for instance with huge student loans that they go to pay off of the course of their working lives i think that have to be some really innovative responses to this i mean income inequality wealth inequality huge issues and as you hinted there is increasingly an intergenerational element to this with the young feeling that they're getting very much the thin end of the wedge is it. i think politicians are going to have to be agile innovative. my sense is the way to look at this is that we need to become more interventionist but doesn't mean that we have to abandon the sort of capitalist model which has not withstanding the crises we experience has been so successful for so many centuries but in order to

make that capitalist model work and work well we're going to have to redistribute more. i'm going to have to think of some some new ways of doing that my sense is that higher taxation on the wealthy is unavoidable my sense is that more transfers from pensioners back into the younger generations is unavoidable we are going to have to do this otherwise the political environment we face which is already let's face it pretty force is going to become even more unpleasant and even more difficult to deal with i would say that addressing an income inequality is something which will help to save the current system rather than undermine it we're now in the era of the trillion dollar company what are the dangers when you've got companies like amazon and apple who are worth more than the a lot of a lot of the world's economies already you'll see.