tv NEWSHOUR Al Jazeera September 24, 2018 4:00pm-5:01pm +03
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one thousand nine hundred three to one thousand nine hundred four there she attended university with kavanagh at a drunken party she says he exposed himself belligerently to her and she says she did not talk about this previously because she was embarrassed by the incident in felt guilty because she had been drinking kavanaugh outright denies that is ever happened issuing a statement saying this alleged events from thirty five years ago did not happen the people who knew me then know that this did not happen and have said so this is a smear plain and simple and the white house issued a statement saying it stands behind kavanagh saying this thirty five year old uncorroborated claim is the latest in a coordinated smear campaign by the democrats to tear down a good man well as that was happening there was also a disclosure of a possible third allegation of sexual misconduct by break cab and that one came from michael evan adi who he is the lawyer for stormy daniels that is the porn star who has alleged she had an affair with president donald trump and in
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a tweet evan audience said quote i represent a woman with credible information regarding judge kavanaugh and mark judge mark judge is also the one who was allegedly in the room when the original accuser christine ford says she was assaulted by kavanagh he went on to say i have an ati did my client is not debra ramirez there was an exchange that he posted with the chief counsel of that committee in which the committee had asked for more information on evan audi's client and the alleged incident in evan adi suggested several questions citing the word rape and asking if cavanagh had ever participated in taking advantage of women or even possibly rate that has put this whole process in turmoil and now the ranking democrat on that committee senator dianne feinstein has asked the committee to postpone any action until it can investigate further on these allegations as all this is happening it's important to
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note that if every democrat voted against kavanaugh they would only need two republicans to vote with them in this might be enough to make up that margin so the committee has a lot to think about in the coming days. still ahead on al-jazeera india rolls out the biggest health care plan in the world. and why new regulations in china are causing problems with how to handle plastic waste in the netherlands. a look at a welcome back to international weather forecast well here across europe we do have a very powerful front that's now moving across eastern europe and into western russia you can see the front right there behind it the air is much cooler in those temperatures are dropping let's take a look at your forecast map as we go towards monday here those winds right there berlin only getting to about twelve degrees as your high when you factor in these
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winds right here it's going to feel more like ten to nine degrees above so that is going to be quite cool there down towards vienna at seventeen but still warm down across the middle looking a book or rest at about thirty degrees as well as on at their degrees as well but that does change once that front begins to push through what we've been talking about the flooding that has been happening across tunisia the best news that we can tell you is the rain has ended across that region and we are going to be looking at drier conditions but the floodwaters still need time to recede so we're going to be dealing with that over the next few days but we are not expecting any more rain across much of that area we do expect to see some clouds down here across libya maybe over towards been gazi but over towards cairo things look quite nice with a temperature there of about thirty four degrees and then very quickly over here across the central parts of africa very heavy rain expected out here towards the west but for lagos it is going to be a partly cloudy day in attempt to there about twenty eight degrees.
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a year ago president trump threatened to destroy north korea what will happen this year when he and other world leaders visit new york. trump is expected to chair the u.n. . security council. and he has. extensive coverage. again you're watching al-jazeera a reminder of our top stories this hour maldives opposition leader able to him how
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much so late has declared victory in the country's presidential election visual results show he got fifty eight percent of the vote in a surprise defeat the incumbent has not yet conceded but the foreign ministry has acknowledged the opposition's win. hong kong has banned a pro independence political party saying it's a threat to national security and means anyone who runs or supports the hong kong national party can be fined or jailed the first time a political organization has been outlawed since britain handed the territory back to chinese rule in one thousand nine hundred seventy. a second woman has come forward with allegations of sexual misconduct against the u.s. supreme court nominee brett kavanaugh the allegations in the new yorker magazine go back to cavanaugh's time at yale university has denied the allegations. are thousands of people have been attending funerals in our verse for those killed in saturday's attack on a military parade cabinet ministers and provincial officials from who's
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a stand province there iran has declared a day of mourning for the twenty five victims many of those killed were revolutionary guards but others include a child and a journalist iran's president has accused the u.s. of helping support those who carried out the attack an accusation it's denied. our staff in the u.n. agency for palestinian refugees are striking in guard over the united states decision to pull its funding under water runs schools hospitals camps and social services for millions of palestinians in the middle east herefore said is in front of a school in garza that's been affected by the strike so this is quite unprecedented in isn't it to harry how what what what what effect is it having it. well that's right there have been strikes before but this one is about a major threat to services and in that sense this is something you were standing in
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front of one of two hundred seventy four schools that operates inside the gaza strip it they serve more than about two hundred eighty thousand pupils when you put that together with the sixteen food distribution centers twenty two medical clinics you get an idea of how much people here rely on the services provided by this agency which is from its inception designed to give aid to palestine refugees and more than half of the population of gaza more than a million one point one one which a million people here are palestine refugees and so the fact that the services have been suspended for a day obviously affects them it also gives you a sense of what further undercutting of these of the services of this agency might do that the reason that the thirteen thousand locally employed on our staff are on strike today can be traced back to a decision by the united states to withhold more than three hundred million dollars
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of its funding for the agency earlier this year and then more recently deciding to end its support for an ra all together and so the agency says it's had to try to trim some of its budgets as it's been seeking alternative sources of funding throughout the year the union says that it should have done more to try to combat that. it's unfair that people here in gaza are being targeted staff here in gaza being targeted already we've seen more than one hundred either sacked or being put on to early retirement some six hundred have been given until the end of the year and we spoke to one employee. when when he said when you think of how many people rely on these salaries we spoke to one employee he gets twelve hundred dollars a month and he supports an extended family of twenty eight people so these cuts these sackings are likely to have very wide repercussions that's why this strike is happening from under us perspective it's merely doing what it has to do to try and
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keep its key services going while combating its funding cuts that it's been going to be imposed on it. very force of life for us there in gaza. in tanzania mass burials had been held for some of those who died when a ferry capsized on lake victoria the number of passengers and crew who drowned has risen to at least two hundred twenty four forty one people survived tanzania's president has ordered the arrest of those responsible. is not going to give me and my child might have been found but i have not seen her i'm waiting for this ferry to be removed so that i can see whether she is there or not but i'm feeling very bad so i thank god i have found my wife my child is still missing so god has every plan at least one person has been killed and six others injured in nicaragua after police and paramilitary groups attacked protesters thousands of people are gathered in the capital managua demanding the release of imprisoned protesters police fired
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tear gas and rubber bullets at the crowd before pro-government supporters opened live fire a un report says around three hundred people have been killed in protests against president daniel ortega since april. india's prime minister narendra modi has launched his ambitious new health care plan it is a scheme designed to offer free health insurance to the country's poorest citizens it's been dubbed mody care and it will see half a billion people get access to health services they currently cannot afford the critics say the scheme has been rushed out too quickly for political gain and it lacks adequate funds to support it. if we combine the population of america canada and mexico even more than that number of people benefit from a scheme. d.b.s. and it is from the university of westminster he says modi care is a publisher to stand by the government the reality of the government for the last
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four years has not invest in public sector in terms of held for modi to come up with a scheme that looks ambitious and i have your ring of the people said it's an ambitious plan this is a strategy he all would want to want to portray himself as a strong leader with ambitious plans and if they feel somehow that he's not at fault someone else is at fault for the whole idea behind this campaign is to give the impression that he is again back caring for the poor people but the reality than lost for you have the government have invested very little in public sector in terms of health it would not work in terms of the poor people are overwhelmingly voting for more they because they are getting the help because most of the would not be aware late or if they go from villages to cities they will find that it is very inhospitable the hot buttons are not helping them out which is more likely to help through in terms of the image building which indulges in so we have to remember that this is the prime minister that invests most heavily in building image of a strong leader and his support base is not rule it's not poor people but it's
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largely the upper middle class and they seem to like. pope francis has arrived in latvia as cap to riga for the second leg of his baltic talk he's visiting in latvia lithuania and estonia to mark one hundred years since their and dependence and to encourage the catholic faith three countries sort fifty years of religious repression under the soviet occupation. a tiger woods has won his first gulf title in five years by claiming the p.g.a. tour championship in atlanta the forty two year old has been plagued by back injuries and scandal of his personal life for on sunday the magic was back and so is a new round of tiger mania i'm a lead but d.c. reports. so was the comeback tiger woods feared would never come with a smooth drive down the middle of skip into the bunker and the put for
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a par of the woods is once again on top it was was just a grind out there i loved every bit of it and fighting the grind the tough conditions and. i just have to suck it up and show. that there are no after spiraling five year drought woods reasserted his dominance claiming his first p.g.a. tour win since two thousand and thirteen beating a thirty man field that included eighteen of the world's best golfers all of the was he entered the final round with a three stroke lead a position he's been in twenty three times before and won every time a of i was pretty emotional one when rory was was top an hour he was finished you know i looked around and it was the terminal is over because i had already put the block or the bunker shot on the green and at one eighty and. you know it's
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a pick number and. you know sitting on it for you know seventy nine for about five years now the comeback kid is now forty two in the five years since his last when woods missed the cut nine times and underwent four surgeries that left him wondering if you would ever play again. you know when you have such a long time which we need victories getting that first one is the one that's most important it's the one where you got to get over the hole and he says so many injuries so much drama just a lot of stuff surrounding him and he's been close a few times i think now that he's gotten over the hope you may see more of the old tiger all that we've all been waiting for the last couple of years he rebuilt his life since a public outing as if lender that led to divorce in two thousand and nine several times this season at the british open and the u.s. p.g.a. championship he came close to winning but couldn't close the deal. in
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the end his swing returned and so did the crowds walking behind him as they did when he won the western open in one thousand nine hundred seventy five woods fresh off his eightieth p.g.a. tour victory now heads to france for the ryder cup as a member of the u.s. team some of their deceit al-jazeera a china used to be the world's largest importer of plastic waste but in january the government imposed restrictions which in effect banned imports and that's left countries like the netherlands scrambling with how to deal with their own buildup of rubbish friend on spec reports from amsterdam as part of edges in his waste series. china has decided it no longer wants to be the world's rubbish collector and that's causing big problems for the global waste industry for decades nearly half the world's waste has been sent to china to be processed but new government regulations have put a stop to the import of millions of tons of low grade plastics which now need to
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find a new destination. bents cuss recycling business in the middle and shipped half of its plastics to china since the changes he says he's forced to bring twice as much as he used to for incineration for me as a recital each it's a shame of course they're like i said it was at least fifty percent inside these bills which can be even more than seventy percent and now they are not allowed to import anymore and we're not allowed to export. what other countries want to get rid of china so as raw material for its growing economy. the dutch port of rotterdam gateway sending ways to cross the ocean to asia was cheaper and processing it in europe we buy a lot of goods from china telephones laptops plastic goods so we barter. those containers that are empty and so it's very cheap to fill them with all plastic toys that come from the same goods and son back to china every year
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europeans generate twenty five million tonnes of plastic waste of which only a third is collected for resizing out of that thirty the netherlands would only recycle the high quality plastics for decades the low quality plastics were shipped off to china now that's no longer an option so what does europe do instead the e.u.'s lack of capacity to recycle its own plastics is now beginning to show more waste is getting burned dumped in landfills and even illegally disposed of the basic problem of plastics is they take only very many for itas but there's hope some scientists think this could be a wake up call for the industry forcing companies to use material that easier to recycle if you look at the plastics that are produced today. they are their medical . complex to two to recycle and if something doesn't get recycled. a lot of it into the environment. in recent years across europe new
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technologies have been developed to tackle the plastics problem. the director of this startup says it's becoming possible to keep using the plastic that's already out there we're going to anglo here with this technique we can embassy reuse plastic waste it means we don't have to produce new plastics anymore in the end we won't even need oil anymore. it's not clear if we can recycle our way out of the plastic crisis we've created but by closing its doors to the world's waste at least china made other countries take responsibility for a problem they've long shipped off their shores for allowance both al-jazeera amsterdam. this is al jazeera let's get a roundup of the top stories maldives opposition leader ibrahim mohammad soulé has declared victory in the country's presidential election visual results show he got
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fifty eight percent of the vote in a surprise when the president has not yet conceded but the foreign ministry has a knowledged the opposition is when hong kong has banned a pro independence political party saying it's a threat to national security means anyone who runs or supports the hong kong national party can be fined or jailed so from hong kong it's not possible to move it's an historic move for the hong kong government to make this party back and set the first time this type of move has been made since hong kong was headed back to china back in one thousand nine hundred seven so certainly it's quite historic. two hundred billion dollars in u.s. tariffs against china have gone into effect it will start at ten percent and climb to twenty five percent in january next year china says it will retaliate and is accusing the trumpet ministration of trying to intimidate other countries two
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superpowers have already levied tens of billions of dollars in tariffs against each other thousands of people have been attending funerals in r vers for those killed in saturday's attack on a military parade iran has declared a day of mourning for the twenty five victims the president has accused the u.s. of helping support those who carried out the attack an accusation the u.s. has denied india's prime minister narendra modi has launched his ambitious new health care plan a scheme designed to offer free health insurance to the country's poorest people it's dubbed modi care and will see i half a billion people get access to health services they currently cannot afford the critics say the plan has been rushed out too quickly for political gain and it lacks enough funds to support it tiger woods has won the p.g.a. tour championship his first title in five years the victory at east lake in atlanta is the eightieth p.g.a. title of his career woods won the championship by two strokes has been plagued by
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back industries that led to several operations those are the headlines europe today we're back in half an hour right now it's counting the cost. al jazeera where ever you. hello i'm adrian finnigan this is counting the cost on al-jazeera a weekly look at the world of business and economics this week tariffs of products the biggest trading giants on the planet just escalated the trade war. also this week india's rupee it's not the worst performing currency in asia we'll take
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a look at why. plus why an upcoming election is causing ice cream sales to melt away in kabul. when the world's two biggest economic powers engage in a trade war the rest of the world is left watching and wondering where it will all end if this week is anything to go by it could mean an escalation the ongoing protracted tit for tat trade dispute between china and the united states did intensify this week so much so that it prompted a warning from the o.e.c.d. the paris based think tank says that the world's economy can't keep growing if things don't improve on the trade front china has now slapped tariffs all around sixty billion dollars worth of u.s. goods that move a retaliation for the latest round of u.s. tariffs on two hundred billion dollars worth of chinese products al-jazeera scott hides the reports now from beijing. within hours of the u.s. announcing a second round of tariffs on chinese goods beijing responded. the chinese commerce
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ministry saying it had no choice but to retaliate and it hopes the u.s. changes its behavior one official saying the move is poisoning trade talks. regarding. america's new round of tariffs china asked no choice but to retaliate it was expected that the ongoing trade war could heat up this new round of tears from washington confirmed that it will be a lot of money coming into the coffers of the united states of america a lot of money coming in a lot of money in the form of tariffs on an additional two hundred billion dollars of chinese imports the u.s. government will begin collecting a ten percent tariff on those goods starting on september the twenty fourth through the end of the year then on january first the tariffs will jump to twenty five percent and if china at any time retaliates the white house says an additional two hundred sixty seven billion dollars of chinese imports practically the remainder of all chinese products sold in the u.s. will also fall under the tariffs the increased tensions will likely scuttle the
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renewal of trade talks between beijing and washington while about five thousand chinese products including household goods from vacuum cleaners to bikes will be targeted many u.s. businesses are expected to suffer as well just before the terrorists were announced in washington the chinese commerce secretary said that u.s. protectionism would only impact the two nations involved in this trade war but it could hurt the global economy as well and some analysts here feel that u.s. companies might face a chinese consumer backlash if the chinese people who believe that they're being maligned. they will boycott and that's that's not something you know you're going to you're already starting to see some anti american sentiments that want to buy that's american right i mean this is the one thing donald trump thinks that the only people who are are nationalistic. and as the world's two largest economies refused to concede any ground in this trade war the impact will be felt around the
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world joining us now from london is greg swenson gregg's the founding partner of london based brig market a finance company which focuses on investments in emerging and frontier markets good to have you with us greg what is the endgame here we perhaps being a little naive in seeing these these terraces as nothing other than protectionist is this more about a battle for global economic many yeah i mean it's a it's a great question i don't think this is the goal has been demonstrated or the goal has been articulated well by the president what he seems to dwell on is to trade deficit and he picks these arbitrary numbers or targets for trade deficit reduction which i think is a mistake what it what he should focus on is that china is violating all kinds of free market and open market policies and rules you know they've taken them to the w.t.f. sixteen times in the last couple of years and they've won all sixteen times but that doesn't seem to be fixing the major problems which are you know theft of ip
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and. you know it is the complete disregard for free market principles so look i wish that there was a better way and perhaps there is he's picked this one and i think that he's that he's somewhat lost the narrative or lost the messaging battle because it looks like the u.s. is provoking a trade war when in fact what they're what he's trying to do it is fix something that needs to be fixed i don't think these these tariffs will stay in place because they're there self-defeating it's not going or it's not not really going to hurt the american consumer of the american economy you know in many ways that the president's plan with house money that you know the economy is is kicking on all cylinders all right what about commodities what will the impact be on commodities given that the china requests huge amounts of imported rule materials i mean which china moves in the market everyone sits up a list you. and i think that's important especially for countries for like
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australia which which is close by and produces a lot of coal and ships a lot of coal to and other minerals to china well look disruption in supply chains is always a challenge i don't think it's meaningful for the us economy i think that the chinese have a lot more to lose if there are you know it in a trade war but the commodity issue is a big deal for global commodity prices and how much potential does this have to cause damage to the that the digital economy for instance read minerals on the list smart watches list and yet things like frogs legs right heels all yeah i mean i look the president you know is is he is a politician is not a politician by nature unease and this is new to him but there's definitely some politics involved to quite purposely left you know mobile phones off the list on rare earth minerals are important the last time the chinese put a stop to check sporting or put a cap on exports it really shook up the rare earth market to the point where there was a lot of development in canada in the us and assert to
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a certain degree and in australia but again it's just another example of the chinese distorting the private market and not behaving in a free open market model what do you make of object last comments about quantum computing and an ai in basically. a cooking us nuke a the us say we're already there our economy is going to be way ahead of the us because we've got this technology well yeah because they're they're stealing the technology so now i mean the u.s. clearly and not just the u.s. but our allies in trading partners around the world are are are seeing china and this two thousand and twenty five you know model that she has put in place is a threat of course it is because theft of of ip is is is clearly a violation of free and free and open market i think there are other ways to to deal with this than get rather than getting into a trade war. but in this case it seems to be the only way that's that's going to get a body's attention i'm not sure it's being perfectly executed but jack my brings up
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some some interesting points but i think something clearly has to be done greg you say that u.s. consumers are going to be hooked by this what potential does this have to damage china's economy and what leverage does china have in the talk about a bargain he was saying that he can't deliver on his promise the president trying to create one million jobs in the u.s. blaming the current trade tension at chinese president xi really wanted to up the stakes for the could he do something drastic like colin u.s. debt yeah i mean that's that's always out there as as a potential i don't know what else they would do with that money they they absolutely absolutely need to own u.s. treasuries but look there's a few things they can do and this is worrisome because they they control the economy it's a top down economy they control the press she could surely sort of have a media campaign a state run media campaign against u.s. products he could also devalue the currency it's dangerous game to play but he can
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do it and have done it in the past and he can also regulate even more so what's happened in the last few years especially since the crisis is the state has lent money to the state owned companies at at ridiculous levels which is you know obviously putting other companies and foreign competitors out of business but remember that the u.s. is importing five hundred billion of goods from china often because of the low cost and low labor costs the chinese are only importing one hundred thirty billion so the u.s. has a lot more a bill of a much better ability to punish china here and that's something obvious but also the san francisco fed made a very good point recently that eighty eight and a half percent of them of goods and services that are consumed by american consumers are produced in the u.s. it's not a it's not really a huge importer compared to what we produced domestically so yes we are big importer. yes we import a lot of cheap goods from china but that's not going to move the needle that that
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much because again eighty eight half percent is produced domestically so again as a conservative or as a businessman as a capitalist i don't like tariffs i don't like trade wars but it seems to be you know the last resort at this point and i don't think the message is clear but i but i think something obviously has to be done and he's got support on both sides of the aisle greg really good to talk to you many thanks david being with us on counting the cost nice to be your agent thank you all right still to come on this week's counting the cost a japanese billionaire is named as the world's first space tourist. but first a sabotage scare is threatening to hurt a stray as strawberry grow as they've warned about an overreaction to several people found sewing needles inside the fresh fruit and sandra troublous reports from sydney some reports are hoaxes but the devastating impact on the industry is still the same. the lady who posted this video says it illustrates
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the worst thing to ever happen to her family the family business growing strawberries has been forced to dump its product at the busiest time of the year the supermarkets won't buy the fruit in normal quantities because their customers fear what the strawberries may contain last week there was what seemed like an isolated case of a sewing needle inserted in a strawberry probably by a disgruntled employee at a strawberry farm but since there have been reports of more than twenty copycat instance around australia in relation to the motivation in relation to those offenses we still haven't. have any confirmed motivation or reasons why a person want to do this there is speculation that some cases of children putting needles into stories while they're sitting on shop shelves are the cases are complete hoaxes people pretending to find needles in strawberries once they're home it's not a joke it's not funny you're putting the livelihoods of hardworking strains at risk
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and you're scaring children and you're a coward and you're a grown up. and if you do that sort of thing in this country we will come after you and we will throw the book at you the government plans to bring in emergency legislation with prison sentences of up to ten years for hoaxes and up to fifteen years to contamination in danger and others. those in australia strawberry industry are recommending that people cut up their brains before biting into it but some are choosing not to buy strawberries at all and the industry worth maybe one hundred million dollars a year that a crisis strawberries that are being sold are heavily discounted almost as low as the equivalent of one us dollar upon it and farmers of other fruits are fearful to someone has claimed to have found a needle in a banana and in sydney an apple just freaked me out but i'm thinking my daughter normally just grabs and just biting the apples the strawberry scare threatens to
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spread. as consumers become more aware of the health effects of consuming sugar so the giants are doing everything to stay profitable the coca-cola company is even looking at experimenting with a new in gradient it's a bit to looking at the market for cannabis related products coca cannabis anyone not quite there is a chemical found in marijuana that is c.b.d. it's already used in beverages in locations where the drug is legalized but it's not psychoactive drinks containing it there are a higher price than sugar infused soda coke is also a buying spree it bought costa coffee for five point one billion dollars earlier this month and on tuesday it stepped up in australia and fermented tea company. since the united states invaded afghanistan in two thousand and one one song is echoed across cobbles neighborhoods it's at the birthday a blast from the speakers of hundreds of ice cream carts across the capital but the recent surge in violence ahead of the upcoming election there has caused their
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profits to plummet al-jazeera schalit ballasts reports now from kabul. happy birthday floats over the blast walls of central kabul the music comes from an ice cream cut the man pushing. the thirty five year olds not from kabul but its streets and the stroll they give him an income but lately even in the heat of summer people don't want his ice cream the streets have become too dangerous if you go off your whole card one whole during the karzai government life was very good we just crossed the street and be sold out of ice creams now from morning to evening we console them all. he starts his day at eight am and finishes at eight pm fitting in the habits of normal life among his route. he started this job in two thousand and two when the americans invaded back mean made a lot of money now there are more attacks more checkpoints and fewer people on the
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streets to sell to. what i'm passing checkpoints they think i have a bomb in my car so they stop me and start checking and it's ruining my icecream because they open the carton of your belts his friends can relate twenty two year old has sold burgers outside a mosque for four years his income is just twenty five percent of what it once was we ask him if he sees a link between security and sales. very much we used to have a very good business but it's deteriorating day by day this week we have sold very little. to afghans even twenty cents for an ice cream is twenty seems too much in the last quarter the international monetary fund found the continued violence and to listen to around the upcoming parliamentary and presidential elections as pursing economic confidence and growth. there are dozens of ice cream sellers and sure elise patch of kabul he competes with fifty most mean does make about one
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hundred dollars a month from this year elise supports his wife and four children he says he's looking for change in upcoming elections on their. i want security for my country and peace for my country and a prosperous future but i will not vote for president ashraf. ghani came into office as international combat forces pulled out taking with them billions in military spending since then security has worsened and so has the economy. surely keep talking happy birthday rings hopeful over the neighborhood used to draw people out of their harms now not even ice cream control afghans to the streets. emerging market currencies of been a big focus for us here on counting the cost these past few months and this week we saw turkey unveil its long awaited plan to find a way out of crisis it's finance minister but i'll bet rock was put in charge of the economy two months ago by his father in law president richard typer the one he
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sharply cut turkey's growth forecasts for this year and next he also promised to slash public spending by the early ten billion dollars and blame some of turkey's problems on a spats with the u.s. almost this period is a period when economic sanctions are being used like weapons it's a global each challenging period on the tenth of august turkey became part of this process because its economy and currency were targeted with attacks. because he was in india to where the government to struggle to defend the rupee non-essential import restrictions announced this week of left business is unhappy and there are fears of protectionist policies being put into place the rupee is now the worst performing currency in asia despite government efforts to turn the tide india is often referred to as the world's fastest growing large economy but its currency has hit a series of record lows versus the dollar over the past few months that weakness in the currency has coincided with rising global oil prices compounding the pain all
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of this means that the current account deficit has widened it's not two point four percent of gross domestic product so far growth has held up gross domestic product grew eight point two percent from april to june and that's its fastest rise in two years but there are worries that it may take a hit to the finance minister if india is out of jaitley he's blamed the depreciation of the rupee on global factors including the us china trade wall but joining us now from glasgow is greg irwin gregor's chief economist at global counsel greg good to have you with us again and counted the cost of what is going on at the moment with that with india's economy what are you advising clients well india is suffering from a currency crisis at the moment the rupee has fallen by twelve percent that's quite significance there are a few factors that are contributing to that the price of oil is going up for
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a country like india which imports much of its energy. import bill on the export side of suppose that our concerns about the global environment for trade us protectionism. but probably above all there are concerns about divergence and global monetary conditions u.s. interest rates rising once exposed vulnerabilities are quite a few countries sergeant seen it sir. also you see in currencies from across asia and india has not been immune to that that's probably why the currency is under pressure and that's that's a concern for the governments you mention one of the factors is the price of fuel india buying oil of course in dollars and as the repeat falls all just gets more and more expensive well exactly and keynes for quite a large parts of the the bill for average indians. the
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price of energy so it really does squeeze living standards and it's a political concern as i suggested and there's not a whole lot that the the indian. economy ministry the finance minister the governments can do about that other than try and address other factors that are helping to put downward pressure on the on the rupee so factors such as raising interest rates that's a move in the right direction by the reserve bank you mentioned turkey on thursday turkey announced a new economic plan which is well it's failed to impress really it cut its growth forecast in that economic plan is india going to be forced to follow suit. well i mean turkey actually today he is trying to deal with. concerns that it that its economic plan has been to the that its response
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to what is a much more significant. currency crisis facing turkey as has has been a adequate turkish leaders fall in something like forty percent over the course of of this year the country is a new finance minister it turns out it's the president's son in law that has arguably damaged credibility of economic policy making insert and the new finance minister. trying to flesh out tuckey's policy response in india is not quite in the same situation as turkey turkey has a much larger current account deficit inflation is much higher in turkey that there are greater concerns about the stability and sustainability of growth in turkey and while the indian policy response so far. arguably has not been adequate more bill will be required and the direction of
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policy in india is questionable with poor curbs turkey has a bigger challenge in convincing markets that are actually the substance behind the headlines of the economic plan that the finance minister is fleshing out today greg a really good to talk to your counting the cost many thanks dave for being with us you're very welcome now catherine and japan a teaming up to manufacture electric cars the new nine billion dollar project involves building several factories from scratch the new industry is expected to be up and running by twenty twenty for the first consul roll off the assembly line will be called qatada it will be launched in conjunction with the fifth a world cup cattle twenty twenty two the project is backed by all of japan and finally this week space the final frontier for tourism if you're to believe rocket company space x. this week it they had its first customer the curiae gate can be has more now on plans for what would be a historic trip around the moon. the
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japanese entrepreneur who hopes to be the first person to fly to the moon in a private rocket won't reveal how much it's going to cost but you saw sours says it will be worth it and he won't be alone on the more than three hundred eighty thousand kilometer journey which is the twenty twenty three the japanese billionaire pitched an idea to the california based company space x. he wants to make it an artistic collective experience so he's inviting as many as eight other people including artists designers and architects to join him in what would be an historic moment he hopes seeing the moon up close and the earth from space will inspire new creative ideas for mankind through the eighty's the moon has a freer our you as a nation and a resolve lost love the respect for them. i
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names of these projects to the moon. he'll say says the c.e.o. of space x. musk might be extended an invite space x. is already logged several miles days in space exploration it was the first private company to launch a spacecraft into orbit and bring it back to earth in two thousand and ten the black folk and rocket which will take passengers to the moon is still being developed musk says there will be several unmanned launches and countless hours of training before the first commercial trip whenever it's the first plate of an of something or a new technology and we're talking about deep space. you know you have to be a very brave person to do that this is not no small matter. space tourism launched in two thousand and one when a californian businessman paid to go on a russian rocket to the international space station if mays our makes it to the
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moon he'll join an elite group of astronauts who can look up at the moon from earth and say i've been there. and that is our show for this week if you'd like to get in touch with us about anything that you've seen this week you can tweet me i am at a sit in on twitter please use the hash tag a j c t c when you do or you can drop us a line counting the cost of al-jazeera dot net is our e-mail address as always there's plenty more for you all live at al-jazeera dot com slash c.t.c. that takes you straight to our page and they will fight individual reports links at a time episodes feature catch up but that's it for this edition counting the cost i'm adrian finnegan for the whole team here in doha thanks for being with us the news of al-jazeera is next. discover the stories you didn't know about. be a witness to life changing scenes. notice the changes that affect all of
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has i'm thinking this is al jazeera live from davos a coming up accused of being a threat to national security hong kong's probably independence party is banned. new allegations of sexual misconduct service against u.s. supreme court nominee brett kavanaugh plus. the granddaughter. whatever bit of the comeback kid tiger woods wins the torch championship in atlantic clinching his first tournament win in five years. allow the president of the maldives i mean has conceded defeat in sunday's presidential presidential election he acknowledged the opposition surprise when hours after provisional results were revealed it to him on how much so they took fifty eight percent of the vote shala bellus as more.
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all physicians support is on the streets of modeling is the leader abraham mohammed soulé claimed victory and mo deeds presidential elections. for five years president i believe you mean has been in power they say he has been dethroned and wanted to conceive this is a moment of happiness this is a moment of hope this is a moment of history for many of us this has been a difficult journey a journey that has led to a prism so. politics in the daves has been tumultuous since mohammed in the shade became its first democratically elected president ten years ago he was ousted in occur in a spend most of his time in exile intra lanka he watched as his friend and ally soulé rallied opposition leaders into a coalition to take power back i'd like to congratulate.
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the president elect. yeah it's really hard and it's jeems i love it didn't the last four. words are just the motif has been in political turmoil and do you mean during his five year tenure two former presidents the prosecutor general and a number of opposition politicians have been jailed in controversial trials. on the eve of the vote solus campaign office was raided by police but no evidence of electoral fraud was uncovered this was a big affair shocking what he was hoping and he was aiming was to consolidate power . and with the way that prior to be elections the way that you had as i would call it manipulated the institutions i think it's a move from the back fire. judge to you means tainio with a pen and paper and extraordinary numbers turnout was over eighty five percent
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despite. i came to vote eight in the morning and i was waiting in the queue for all this time until five o'clock pm so the nine hours before voting. president you mean stayed silent as the votes were counted he had been expected to cement his grip on power but in public view the ballots piled up against him the electoral commission will announce the official results in seven days shall a ballasts al jazeera. the hong kong government has banned a pro independence political party saying it's a threat to national security it's the first time a political organization has been outlawed since britain handed the territory back to chinese rule in one thousand nine hundred seven the government has been increasingly cracking down on activists and those who support independence and self-determination sarah clarke has the latest from hong kong. police made the initial proposal in july to have the hong kong national party banned they stated that it was an imminent threat to national security and the party was taking
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concrete steps to realise independence now andy chan who's the head of the hong kong national party he had months to put together his response to try and rule out his party being outlawed he submitted that. and to date security bureau issued its final decision which is banning the hong kong national party now this is a first in the city's history it's a first since the city was handed back from the u.k. from the from great britain to china in one thousand nine hundred seven at chance high profile speech back at the foreign correspondents club in august it drew criticism from the place and was deemed further evidence for the case where he stated at this event that his party was not advocating violence the security ministry of the agreed with the place of. this ban now as for reaction from anti chan the hong kong national party that stated that they would be no comment if he or one of his party's members do speak they could attract a penalty of up to twelve thousand dollars now the proposal when it was initially
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used to have this party outlawed it drew criticism from pro-democracy groups and the british foreign press that hong kong people should have freedom of speech and their rights should be respected. joseph cheney is a professor of political science at city university in hong kong who joins us now from there thanks very much for being with us so how unprecedented is this move down by the hong kong. government and in terms of its influence as well coming from china. this is unprecedented in descend steps hong kong does not have a political party law and most political groups are simply registered as a limited company. this crackdown of course is very much the later to the hard line by the chinese authorities who. would like to
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crackdown on and the advocacy of dependence and the strong or high level of autonomy and disquiet can also be used for the suppression of the pro-democracy movement. in the territory there are bars barres majority of hong kong people do not believe that independence is a realistic option but are among the young people there is certainly a deep combing india identification. with china and a stronger and stronger identification with hong kong it's an dependant political entity. so how far reaching then can can this mean there is. a fine or jail sentences for those affiliated with the party i mean what is this i mean could they go could they go as far as that and when what does this do for the
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general climate of free speech in hong kong. we don't know yet certainly most people believe. articulation all. advocacy for independent is strictly within the rhythm of freedom of speech as long as the people and the groups concerned are not engaging in concrete political action. but unfortunately this is no longer detainees. still anyone at tending meetings or giving political donations to the group so you did vigils bill also be prosecuted and this is quite dangerous and frightening to the hong kong people who feel that their core values and their lifestyles have been flattened so it doesn't run run the risk of alienating people in
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hong kong further and from the point of view of the chinese of the mainland chinese government. just making the problem worse for them. exactly i think even time you saw officials dual knowledge. while hong kong let's return to china the hearts of hong kong people have not returned and in fact identification with china with the tiniest nation as well as trusts for the central government have been in decline since roughly to all eight. that decline has been considerably sharpened in the recent to three years of disrespect can speak was among the young people. get to speak with the judge of change in hong kong. our second woman has come forward with allegations of sexual
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misconduct against us supreme court nominee brett kavanaugh the go back to cavanagh's time at yale university where this comes as the senate judiciary committee is preparing to hold a hearing on thursday for cavanagh and christine blair's a for the first woman who said he sexually assaulted her as a teenager cavanagh has denied both allegations john hendren has more from washington. it is a bombshell to the nomination of brett kavanaugh to the u.s. supreme court there are new allegations of sexual misconduct by the judge in an article in the new yorker magazine a woman says that in college in gaelic from the one nine hundred eighty three to one thousand nine hundred four there she attended university with kavanagh at a drunken party she says he exposed himself belligerently to her and she says she did not talk about this previously because she was embarrassed by the incident in felt guilty because she had been drinking cavanaugh outright denies that is ever happened issuing a statement saying this alleged events from thirty five years ago did not happen
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the people who knew me then know that this did not happen and have said so this is a smear plain and simple and the white house issued a statement saying it stands behind kavanagh saying this thirty five year old uncorroborated claim is the latest in a coordinated smear campaign by the democrats to tear down a good man well as that was happening there was also a disclosure of a possible third allegation of sexual misconduct by break cabin that one came from michael evan adi who he is the lawyer for stormy daniels that is the porn star who has alleged she had an affair with president donald trump and in a tweet evan adi said quote i represent a woman with credible information regarding judge kavanaugh and mark judge mark judge is also the one who was allegedly in the room when the original accuser christine ford says she was assaulted by kavanagh he went on to say i have an idea that my client is not debra ramirez there was an exchange that he posted with the
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chief counsel of that committee in which the committee had asked for more information on evan audi's client and the alleged incident in evan audi suggested several questions citing the word rape and asking if cavanagh had ever participated in taking advantage of women or even possibly. value has put this whole process in turmoil and now the ranking democrat on that committee senator dianne feinstein has asked the committee to postpone any action until it can investigate further on these allegations as all this is happening it's important to note that if every democrat voted against kavanaugh they would only need two republicans to vote with them in this might be enough to make up that margin so the committee has a lot to think about in the coming days of stuff from the u.n. agency for palestinian refugees are on strike in gaza of the u.s. decision to pull its funding. runs.
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