looting google cloud c.e.o. diane green ale well founder steve case and c.e.o. darren shockey who said he was very troubled by reports of cars showed g.'s death khosrowshahi as public comments were seen as significant because the saudi wealth fund holds a three and a half billion dollars stake in the right hailing app saudi arabia has also invested heavily in tesla motors door dash the work space company we work and others much of the saudi money is funneled through the japanese bank softbank the world's largest investment fund so far saudi arabia has put forty five billion dollars into soft bank so-called vision fund and the crown prince says he'd like to double that amount as tech companies recoiled from the saudis on ethical grounds it will be difficult if not financially impossible to unravel their saudi tie as

a complex tangle of contract stock preferences and legal obligations tidy companies hands in such matters in some ways this case is providing an opportunity for companies to really provide some ethical and moral leadership maybe at a time when they're not seeing or experiencing what they'd like to see from leadership in other sectors silicon valley corporations face a dilemma choosing between an ethical response to a shocking crime and the abundant funding that makes the tech industry flourish well joining me now from singapore is i mean they i mean it is the jack pan stock market strategist with singapore based symmetric advisors good to have you with us so how much damage has the whole fed done to the attractiveness of saudi money in the tech world right now. well it's difficult to set the moment but i mean the likelihood is that you know that it's going to have some notable impact on

companies that will accept the vision fund money. and it also depends on you know other or their. seed as if you like and then whether they were going to continue to stay in the vision fund say you know is it open debate but obviously it's not very good news for in terms of the prospects going forward how important is saudi money how important is vision fund to the tech world was forty five percent of the of the vision funds forty five billion that put in and one hundred billion fund not all of the money as been has been invested or i'm not sure if they've managed to raise the full amount as of yet but. as far as saudi's. contribution to the first vision fund was supposed to be forty five percent or forty five billion and they were looking to launch another hundred billion fund.

and saudis were going to put another forty five billion another forty five percent down so yes a very very big contributor it's not so easy to find alternatives if they pull out but i don't think saudis will pull out. i think it is in their benefit to to to stay in it and i think the fact that so on sun sun i decided to go to riyadh but not attend the conference i'm pretty sure that's already had the blessings of the saudi government they understand that you know if someone does show up in the conference you know i might send the wrong signals for the vision fund then the saudis on the vision front to succeed will softbank be able those hoods alone to number fund for investments in the tech world as was planned. that depends on you know whether the saudis will participate in the future because another said that they want to participate and add another forty five billion dollars to the second fund. the question is you know if the question is you know will they be able

to kind of raise that kind of money without the saudis obvious you'd be a lot more challenging. it's a lot of money. and you know that the size of these funds which of unheard of previously. is what was supposed to give soft bank the vision fund a big kind of advantage strategic advantage because you know they're in a position to basically in a bind size and support these companies not putting pressure on them like have some of the other v.c.s. would. because you know they have some very deep resources has this whole fair made it any harder for soft bank to launch that second fund because of fears of maybe sanctions which you mentioned because for some companies. being associated with a fund that gets

a lot of money from saudi arabia is not the most positive thing in the world and so on and so forth yes said the answer to your question is yes obviously you know they're going to have a difficult more difficult time. convincing people to take their money. so the answer to that is most probably yes they'll be more difficult would it be impossible i don't know. but it would be more difficult the other question that you know you have to ask is in a way that the if the saudis did stay in the vision fund one and two let's say will the other seat is likely to be kind of. shy away from the front so you know there are there are the see there's in the vision fun like apple. and some of the big names so potentially you know we might see some of those other see this kind of pull out so you know it's a fluid situation as i said it's not positive but you know from here

it's just mainly spec is speculation to. to assume that you know this is going to impact the vision fund immediately but yeah i mean if this continues if the negativity surrounding saudi money continues then yeah it's going to be more difficult thank you very much for your thoughts on that no problem thank you the future investment initiative conference took place in riyadh this week it's purpose to show off the kingdom's investment plans but scores of business and government figures pulled out of the conference amid global outrage over what should g.'s death some finance is still went to riyadh though chief executives who did sharping clude patrick prion a of the french oil company total bernard smith has more. by the time crown prince mohammed bin solomon turned up at the future investment initiative summit in riyadh a day after it started saudi arabia had already signed deals worth fifty billion

dollars another six billion was added by the time the event closed the murder of jamal khashoggi at the saudi consulate in istanbul cast a dark shadow over the conference but it's not stopped business being done of its people are here now working there still is west representation there are bankers there are people you know investors looking to see business they're just not always up to the highest level as they were last year and it's clear from talking to many of them that some of them are frustrated that their c.e.o.'s and their top executives are pulled out also missing from the summit was senior politicians from mainly western countries who withdrew his outrage over his murder group but there were plenty of others who did attend perhaps not as easily able to resist the financial clout of the world's biggest oil producer there were government delegations from china russia and african and middle eastern countries vision the conference has been solomon's brainchild created to draw investment and

diversification into an oil dependent economy that needs to find new ways to provide millions of jobs and it's those opportunities that attendees couldn't ignore you can't take away decades of collaboration. effect of collaboration. over one incident of course or sconce of quinces fractions and then and then hopefully you can get past those actions the conference was told that multibillion dollar plans include theme parks and red sea tourist resorts saudi arabia says it also wants to offer privatization opportunities in education health care and desalination for mohammed bin solomon it was almost business as usual. well joining me now from london is name as lamb name is chief market analyst with think mark it's good to have you with us so name how much of a dent has the whole affair put on the saudi investment conference overall i would

say that the expectations of what they were before this. this affair they're very different now or saudi officials say they sealed deals worth fifty billion dollars but do we know how much business was lost because of the g. affair for example you know siemens said it alone froze a twenty billion dollars deal. you know there is no question the deals were done. and investors were there on tip and those were that there is no doubt about that i think what we are really referring or hair is the level of it on typin as are the sea level executives that were supposed to go there and then the business down on the back of that that would have created some serious headlines because right now they only had a line that we see is that yes one billion worth of a stock selloff. by foreign investors and the other had lie and everyone is focused on is that he asked the local investors they also were selling the stock market in

terms of a ryall i think the valuation was nearly about three billion but then some insiders some banking in local introduced were the only one who were buying that i'm glad you mentioned that when you've got a situation in which foreigners foreigners in particular are selling over one billion dollars worth of shares on the saudi stock market i mean how much of a blow is that to a stock market. it has a very detrimental impact on the saudi stock exchange or on the style of saudi financial markets there is no doubt about that let me put things in perspective c.d.s. stands for credit default swaps and we have seen these c.d.s. incredibly increasing so just for the viewers to make this explain it may make this concept a bit easier when the c.d.s. is rising it means the pick the risk on the country is rising enormously and we've seen those colors of shooting right to the upside in comparison to qatar we have

seen that risk declining so what investors are thinking saudi stock market is a highly risky market to be in and what i wanted to point out is a very important element here why the saudi c.d.'s or the risk is increasing at the same time for the insurance of that market i would doubt b.'s stock exchange we have seen the similar trend as well so the insurance premium for the stock market as anchored quite enormously in the past few days will make pension fund managers though for example any less eager to put their money into how the stocks in the portfolios like pension funds and big index funds they are very sensitive to these kind of news an example of that would be google saying no to pentagon that big contract just because the employees started to backlashing they don't want to be involved or pentagon is involved now we have the same in

a sense around the globe where the investors are going to be happy that a k. rather we want to have a saudi money in backing up some new businesses or by the vive wanted to have a saudi money involved in certain part of the business is that remains to be a question because generally speaking i don't think a lot of investors are feeling comfortable with that idea and if that continues to be the case then of course the that's not going to bring any food full results for the saudi market or what about spillover how well integrated is the saudi stock market into the global system. not so much directly if we are talking about this purely from the stock market perspective right because it's only institutional or qualified investors can only participate in that market yes the e.t.f. market is still out there where other investors can perhaps participate but if we

look at the fund flow in those e.t.s. or a non qualified investors or the the quite a investors of the same criteria can actually invest we are seeing negative fund flow we're still seeing people drawing money out of those e.t.s. rather than putting that money in so i think in a run we are if we are to speaking of the direct correlation of a style the stock market over the over the walled stock market or with other stock market no correlation isn't that great but if we are talking about the commodity aspect or the secret weapons of or oil or anything of that nature then yes the correlation is as strong as it can be all right now i must i'm going to talk to thank you and that's our show for this week about remember you can get in touch with us via twitter use the hash tag eight days easy see when you do all proper so the e-mail counting the cost of al-jazeera dot net is our address there's more for

you online to around zero dot com slash c.t.c. that won't take you straight to our page which has individual sports links and entire episodes to catch up on. that serve for this edition of counting the cost time sam is a than from the whole team thanks for joining us news and al-jazeera is next.

carcinogen. a journey of personal discovery by a great grandfather he was a slave of the lead property al-jazeera as james gannon explores his family's legacy of slave ownership you know like my family's status and wealth has benefited from their choice to slave people and america's debt to black people today some over soul scar we even scared to speak out because it's a problem. al-jazeera correspondent a moral debt. he was malaysia's prime minister the nine years until his government was stronger now

after scandals and allegations of corruption in an exclusive interview one on one east speaks with knowledge you present on al-jazeera. we understand the differences. and the similarities of cultures across the world so no matter how you take it al-jazeera will bring you the news and current affairs that matter to you al-jazeera. the turkish prosecutor's office says it's unsatisfied over its meeting with a senior saudi official investigating his murder.

you want to help is there a lie from headquarters in doha i'm setting up a grade also a heads a suicide bomber blows herself up near a police patrol into a capital. in denise ya gives up any hope. finding survivors from a plane that crashed into the sea with one hundred eighty nine people on board and after more than a decade dominating european politics the end of an era beckons for a german chancellor angela merkel. fellow source sources have told al jazeera other the turkish prosecutor's office was unsatisfied about its meeting with saudi officials they discussed the killing of journalism inside the kingdom's consulate in istanbul on october the second the top saudi prosecutor. had been expected to provide testimonies from the eight

hundred suspects being held in saudi arabia but he didn't and neither side turned over their files of evidence so turkey again for the suspects to be extradited it says there allegedly use of a local collaborator in the crime is a legitimate reason for them to face trial on turkish soil saudi arabia though once i'm tried in the kingdom meanwhile turkey's foreign minister says the saudi prosecutor admitting the murder was premeditated. joining us from istanbul so if the turks are saying that they are unsatisfied with what happened today where does this go to next. we certainly socially the rain the meeting fell short of the expectations of the turkish government no there were high hopes that with the top prosecutors from saudi arabia and turkey to both parties would be able to share information

and they were expecting the saudis to make the first step forward by turning over the testimony from the eighteen suspects were arrested that didn't happen they were also hoping for the saudis to answer some questions about who gave the order to kids of metal how sexy and where the body of the battle has to be because for them ultimately to be able to build the case they need strong evidence and then release the final findings i think this is going to deliver may just set back for any a towns or further cooperation between the saudis and the turks there are reports that the sandy top prosecutor served but i'll the law is planning to leave tonight back to sanity. perhaps for further consultation with the political leadership in the kingdom. up until now has some we have seen a series of leaks by the turks so if this investigation is at a standstill then doing expect more leaks by the turks.

that could be a strong possibility for the simple reason is that before the meeting we the pattern was basically the steady stream of the expose the turkish government to the point until the point where the saudi leaders said that they would be willing to move forward cooperation with the turkish government and trying to establish facts and this steady stream of leaks stopped now with the disappointment over the meeting between the two top prosecutors it could be likely those see those leaks once again by the turkish government to put more pressure on the san diego woman i think at this particular moment we're talking about two different things here judicial cooperation and the political one it would be difficult to see one truck prevailing over the thing that would come as one package if there is genuine political commitment from both parties to move forward the judicial. corp

would come second and that's really a critical thing because during we're talking about critical issues like who gave the order to kids about how she was just someone like so that got funny the senior adviser to the crown prince who was at the calm prince himself i think this explains why the saudis a really cautious of this particular moment when it comes to turning over the evidence of the testimony from the eighteen suspects all right as some have but i thank you at least nine people have been injured in an explosion in tennessee as capital tunis state radio says a woman blew herself up near a group of police officers in the center of the city there that's been to ricardo gonzalez he said tunis based journalist who lives near the site of the attack is joining us via skype so as we're saying you live near the area when you heard the explosion and went to the site what did you see. so the explosion

happened and you do. not have an explosion so i have. already. went down to many people. so when i arrived. do you. mean i saw they were. going. on. and some of them were receiving medical attention. and then all the. men are right on the. so a side attack was carried out by a woman that we have learnt what more are you finding out about her.

thirty years old unless you are or you. don't know that she was unknown. any. year or so she was completely out of iraq. whatever being safe to assume that the police were the target of this attack because we know that eight of them were injured. yes yes. i grew. up here. every year. if you only one. year. so i know out. there well it's. ok we thank you very much for speaking to us from tunis.

antony's in rescuers have given up hope of finding any survivors after a plane plunged into the sea lion air flight had one hundred eighty nine people on board when it crashed just minutes after taking off when hate the update from jakarta. the paintwork confirmed the first pieces of debris recovered from the crash site were from lion air flight six one zero it's believed to have crashed around thirty five kilometers off the coast just minutes after takeoff from jakarta there were early signs that the chances of finding survivors would be slim but i think. i think there were no survivors because we found body parts on the surface of the water but now it is already several hours after the incident so i think there were no survivors. this was the flight path of the boeing seven three seven max eight reconstructed by the flight radar twenty four website using satellite data it took off at six twenty local time on monday morning for what was supposed

to be a one hour flight north according to the transportation ministry the pilot asked to turn the plane around two to three minutes after takeoff contact was lost soon after. at the airports in jakarta and the flight's destination punk family members gathered to wait for details about the plane's fate. i waited until after eight am but there was still no news so i asked an official then he said the flight had lost contact indonesian president joko widodo offered his support and said the search will continue around the clock i have found three stars. we understand the concern of the families but we hope the family members can be patient to wait for the search and rescue teams they're working very hard at the location of the crash in asia has a poor transport safety record and at times its airlines have been banned from u.s. and european airspace is because of concerns over safety standards lion air has

been involved in several incidents since it began operating eighteen years ago but nothing as serious as this. several people were injured in two thousand and thirteen when a rookie lion air pilot landed a boeing seven three seven in the water while approaching bali's denpasar airport the plane involved in monday's crash was new considering boeing's track record and this new generous that we have about it doesn't look like any mechanical failure or something on those lines but there will be further questions about a fault that was discovered before its preceding flight from bali to jakarta the plane was cleared to fly but lying there hasn't said what the fault was a al-jazeera jakarta. it's the beginning of the end for one of europe's most influential leaders germany's chancellor angela merkel says she'll leave politics at the end of her term in office and twenty twenty one she is also standing down as the leader of her center right party in december if barker reports.

german chancellor told leaders of her christie and democratic party to c.d.u. that it's time to begin a new chapter this would be her last term in office she also said she would quit as party leader by the end of the year very nice to be don't i will not put myself forward again as candidate for the c.d.u. chair secondly this fourth term is my last as john and chancellor at the federal election in twenty twenty one i will not stand against the charts in a candidate you know as a candidate for the punished and for the sake of protocol i won't seek any further political offices. anglo-american has been chancellor for thirteen years she wants to remain in office until the next shot childer lections in twenty twenty one. stepping down as leader of her party a position she's held for nearly two decades is expected to spark a race to find a replacement allowing a new figure to build a profile ahead of the next election you know spring came after merkel's party

experience big losses in a regional election in the western state of us the party came first but with an eleven percent drop in support it was the second electoral setback in as many weeks for merkel's conservative alliance. judea coalition partners the social democrat party has threatened to end their partnership if there is no political improvement the poor results have sparked an energetic debate about who will succeed merkel and when her party is tolerated because she was able to negotiate coalitions where they would be the strongest. that's been less sense the last elections the social democrats would join the government if they got the post of foreign minister and finance minister and many in the party say well you sold with too cheaply political uncertainty in germany is also a worry for the european union at a time when the blocs dealing with rising populism a budget crisis in italy and brics it. she has been a stable force in europe for more than

a decade the whole earth or sea at home has steadily eroded. kept al-jazeera still ahead on al-jazeera.