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tv   NEWSHOUR  Al Jazeera  June 1, 2019 6:00pm-7:00pm +03

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we saw that other than one or 2 small countries no one else accepted that then they tried to give the golan heights to israel no country and all the international community accepted that now they're off to the deal of the century i believe it will be the bankruptcy of the century it will definitely go no way. from so-called deal of the century is expected to include proposals for large scale investment in palestinian territories from arab countries even before its unveiling it has been rejected by palestinian officials many in the mideast wonder if it will be dead on arrival. in iraq at a time when but the dad is trying to calm rising tension between the u.s. and iran people held rallies to mark jerusalem day iranian backed shia brigades carry pictures of iran's supreme leader ayatollah ali how many well no because they've got the little house a lot through the day in baghdad and the other iraqi provinces and across the world
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expresses the people's rejection of the deal of the century which is being planned by trump in order to dissolve the palestinian cause in his own special way but there is a wide rejection from the peoples that will make this conspiracy fail. jerusalem day falls on the last friday of the fasting month of ramadan but this year's demonstrations also took place less than a day after the conclusion of a gulf cooperation council summit in saudi arabia one in which saudi king said man called on arab states to confront iran its timing is a reminder of the deepening rifts and growing rivalries in an already volatile region how much of a jersey or time for a short break here and al-jazeera when we come back mexico's missing how the president intends to help the families of people whose relatives have disappeared. and the battle with battle what scientists say could be the catastrophic consequences of 5 g. technology more in that stay with us.
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hello welcome to another look at the international forecast this business as usual across southeast asia the usual rough seasonal showers on the side of the equator there wanted to show was very close to indonesia but them but you know which of them are across malaysia pushing up into the the philippines sunshine it has more sunshine the showers for the philippines sticky 34 there for bangkok the showers do extend their way across in china but i think the the larger grouping of showers is going to be across the peninsula down towards somalia you can see those showers there just easing back down to was a funnel of indonesian and not too much rain moving across australia at the moment little area clouds is easing through the the great australian by perth where perth has had its 2nd driest may on a red cause meanwhile on the other side of the country will sydney is experiencing
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some warm 3rd warmest autumn on record 19 celsius on sunday temperatures about where they should be without some showers blustery showers a rattling their way across tasmania into victoria now just a little bit of wet weather there. into both parts of new south wales as we go on into sunday that was clearest way for the race was a cold one to sydney temper just no higher than around 15 degrees celsius. on counting the cost from credit fueled currency crisis how can you fix turkey's economy. made in america how much would consumers pay for u.s. made goods and the debt crisis is making it harder for mozambique to invest for the future. counting the costs on.
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welcome back could come out of our top stories here on al-jazeera u.s. police say a disgruntled employee has killed 12 people at a local government complex and virginia beach several people were injured suspect died after a gun battle with police mexico's foreign minister says he'll hold talks in washington next week over president trump's plans to tax all mexican goods from mexico to stop the flow of migrants or face a 5 percent tariff which could climb to 25 percent. leaders of muslim majority nations have condemned the u.s. for moving its embassy in israel to jerusalem delegates attending a conference in saudi arabia say the decision undermines the 2 state solution. now
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the white house is seeking support from gulf states to back it sanctions and tough stance on iran amazon diplomatic editor james bays reports from the un for some there are echoes of a previous u.s. push for war. tensions are rising the u.s. is building up its forces in the gulf there are threatening voices coming from both sides on the face of it it feels similar to the build up to the invasion of iraq in 2003 a war that devastated the country and destabilize the region one advisor who advocated strongly for war 16 years ago now has an even more powerful position john bolton is president trumps national security adviser but this time around as he builds a case against iran he finds even less international support than the u.s. had for its campaign against saddam hussein carne ross is a former british diplomat who resigned over the iraq war. it had far more
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diplomatic cover and it had support from the u.k. and other allies i mean the coalition in support of the invasion of 2003 you know may not have included france but it included a lot of other countries reluctantly or willingly and willingly went along. diplomatic efforts to create such a coalition have not happened in this case there are also big differences between saddam hussein's brutal regime and the current leadership in iran which arguably has much greater capacity to fight back across the entire region from the late 1990 s. veteran diplomat richard butler headed the u.n. weapons inspection team that worked in iraq comparison with what they would face today a horse of a completely different color iran is far stronger far more capable far more culturally and historically determined then the hussein regime in iraq by
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2003 the goal of the us was regime change toppling saddam hussein and his government 16 years on donald trump is a president who campaigned on removing the us from foreign wars even if he wanted to carry out regime change against iran he doesn't have enough troops in the region the real risk right now according to diplomats in international capitals and here at the u.n. is the rising rhetoric and the risk of miscalculation james 0 at the united nations people in democratic republic of congo have been paying tribute to veteran opposition leader etienne tshisekedi they attended a ceremony 2 years after he died in belgium and it's gone turmoil had prevented the return of his body until now reports from kinshasa. some point is that it is a caveat calling this a huge fake you know that if they get to be here out on p.r. in fact this is a huge momentous occasion for the. he is
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a man who participated in politics for decades and former leaders like. laurent kabila and joseph have participated in favor elections but he never became president that changed when he found that katie was inaugurated president earlier this year. he but there were some months of it he believes leave marks in for you and opposition leader who won the election that happened a few months ago but the constitutional court ruled that it was indeed him the one question i've been asked what kind of leader is he going to be will he be a formidable force like the father was and some are even speculating that maybe he won't be this time and those who believe that he will be in power by george and some of them actually say that those that will let you the man pulling strings behind the scenes telling you that katie what you did the un is urging sudan's military council protest leaders to return to the negotiating table pro army and
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religious group showed support for the military council which has been in power since president omar bashir was deposed in april outside the defense ministry thousands demanding civilian rule defied warnings from the military to stop their sit in on thursday a senior army official said the protests and become a hub for criminals and was posing a danger to the state of saddam's main opposition group a sudanese professional association has condemned the closure of al-jazeera as office in khartoum a spokesperson said it was a new setback to the gains of the revolution the committee to protect journalists is also weighed in the middle east and north africa coordinator says the raid and closure of al-jazeera was khartoum biro is a worrying sign so downs military rulers intend to suppress coverage of pro-democracy events this action belies military leaders statements and they should immediately reverse course and allow al-jazeera to operate freely. a spokesman for the u.n. secretary general says it's important that upholds human rights including freedom
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of expression and assembly. we are concerned about some of the recent tensions we want to make sure in the coming days that all the fundamental rights and liberties of the people are fully respected and that would include freedom of expression of course and in that regard of course we want to make sure that all media are able to do their work in sudan without harassment algerians have been running on the streets again demanding the interim president bill carter been solid step down hundreds of thousands of people joined protests across the country for the 15th consecutive friday the demonstrators don't approve of an ally of the former president abilities beautifully was forced to resign in april protesters in the honduran capital have set fire to the entrance of the u.s. embassy it's not clear why the embassy and to get in to google but was targeted but the attack happened while other rallies were taking place public workers have been demonstrating for the past 2 days against presidential decrees which they fear
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could lead to major job cuts. now it's been 6 months since the mexican president and the 1st man you're looking for came to power one of his main challenges is tackling the violence that's plagued his country more than a decade has also made the issue of missing people a priority well $40000.00 people have disappeared since 2006 that means each year more than $3000.00 people are reported missing in mexico. 26000 bodies remain unidentified in morgues and other places and the government says between december and may this year 337 bodies were found in 222 mass graves across the country it's promised to spare no expense to find a solution to the decades long problem as part of our special series marking 6 months of our borders government john home and travel to send a lawyer to talk to the victims and perpetrators of mexico's violence. loose movie is sifting through mud from the bottom of the canal trying to find the remains of
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her son he's been missing since armed men burst into his house and took him away that was 5 years ago finding pieces of his body he's probably the closest to closure. i think and i know that. my life is gone through a 360 degree spin i don't have peace i can't sleep here waiting for someone to come and tell you there he was dumped here a 1000 questions were no answers. those questions are being asked by groups of relatives who are scouring the country looking for the 40000 missing for the 1st time we had the chance to put those questions to a man who admits disappearing people he works for the similar lower cartel i asked him why they hide their victims the answer he says is simple we're more than without a body because no crime births were nobody no. it's
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a common belief in mexico's criminal world it's not completely accurate but the lack of a body does make any murder investigation much harder but that's not the only reason gangsters disappear people it's also meant as a warning to kruger we have a saying it's a dodgy business but we play straight so when someone's given a chance to work on his own to sell the product they don't pay their dues we make an example of them and say the others work rate or the same is going to happen to you oh no but of course many of those who disappear in mexico as simply innocent bystanders that hasn't stopped the gangs from inflicting on thousands of families and then ending punishment afterwards when you when you've seen the results for the family how was that made you feel when they're still looking for their lost their lost relative and you know where they are or you know that at least they're dead but you don't tell them i mean how does that feel remorse. it's something that we
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know was painful for the families sometimes become america's and i know with a relative youth but i can't tell them because i'll probably end up just like the victim maybe you feel bad because they could be your friends or people you know but there's nothing you can do. now the government has a new plan to find the disappeared it said unlimited funds will be made available to searching the forensic facilities to identify bodies. but that won't take away the motivation for criminal groups and certain authorities to hide their victims while that remains so too will these desperate search is a lost loved ones john home and i would visit a similar and on sunday we'll have more in our special series on the 6 months of the lopez obrador presidency we'll look at the steps the mexican government is taking to stem the soaring murder rate 2018 was the most violent yeah since records began in mexico with $30000.00 that's next in our special series. at least one
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person has been killed and dozens injured after a tornado struck the southern chilean region of b o b o a storm formed just before 6 pm local time sweeping into the regional capital los angeles knocking out power to around $12000.00 homes the region is no stranger to natural disasters earthquakes a common but tornadoes are far more rare than government departments in the united states are at odds over the introduction of 5 g. technology billions of dollars are being made from the sale of satellite bandwidth to wallace companies but some scientists say that's getting in the way of their ability to forecast the weather here's mike hanna. when harry concerned he hit the u.s. coast it was disastrous but it could have been far worse if where the scientists had not predicted the path of the storm and the point at which it would hit several days before on hurricane sandy very impressive storm the national oceanographic and atmospheric agency noah says this will no longer be the case if bandwidth in space
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is sold off to 5 g. companies the reason noah says senses on satellites that measure crucial indicators like water bape are being compromised by the signals from 5 g. providers in a shared bandwidth there is genuine concern here that as 5 g. is deployed in it interferes with those atmospheric signals that we're trying to detect with the weather satellites. we will not be able to provide the same quality and reliability a forecast that we have currently. but the f.c.c. and the 5 g. industry denies there would be any interference and wireless industry representative brad gillen said in a blog post it's an absurd claim with no science behind it he maintained that no as claim relies on the study of a microwave sensor that never went to to use not so insists the scientists well i can tell you that there are many scientists know or nasa and outside of the
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government that are looked at us and also our international colleagues and determined they are there is a serious threat here and that the science must be considered or we do risk losing our predictions or major storms that would impact society the updated senses also improve research into climate change factors a critical study given the unprecedented increase in extreme weather conditions ranging from intense drought to an seasonal storms. but this argument is rejected by influential figures in the administration who are climate change skeptics including the president himself. officials from the u.s. state department attempting to bring the 2 sites closer together a unified position is critical as a meeting will spectrum regulators is due to take place later this year but the scientists are hoping that the conflict will be resolved by an international
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convention that would deny 5 g. operators access to the same bandwidth as the weather senses. in a month that seen a series of tornadoes strike us states the fear of scientists is that the trumpet ministration may be reluctant to sign any more international agreements and will side with those intent on securing a river news stream from 5 g. providers. rather than those attempting to predict the next economically crippling threat from the weather mike hanna al jazeera washington. part of a quick check of the headlines here in al-jazeera u.s. police say a disgruntled employee has killed 12 people at a local government complex in virginia beach the suspect died after a gun battle with police. we do know who this suspect is we have not been
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successful in notifying certain family members once we are able to do that we will release its name once we're going to mention his name once and then he will be forever referred to as the suspect because our focus now is the dignity and respect to the victims in this case and to the film. officers who are processing through what could be described as a war zone the lordship of. u.s. businesses are warning that billions of dollars of trade could be affected if president trump's threat to impose tariffs on all mexican goods goes through mexico's foreign minister is heading to washington for talks on the taxes which trump says will stay in place until the flow of migrants is stopped the u.s. ports of started collecting higher tariffs on chinese goods president trump increased levies on may the 10th but allowed a grace period to see cargo that left china before that date imports
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a list of more than $200000000000.00 worth of goods now face a 25 percent tariff up from the previous rate of 10 percent the last round of trade talks ended without a deal. the assertive state might calm pay over some of the european tours seeking support for washington's hardline policy on iran and he began his trip in germany where the government still favors the 2015 nuclear agreement. leaders of muslim majority nations have condemned the u.s. for moving its embassy in israel to jerusalem the organization of islamic cooperation as a meeting in saudi arabia delegate said any recognition of jerusalem as israel's capital undermines the 2 state solution. protesters for and against iran's military leadership demonstrated in the capital khartoum pro army and religious groups showed support for the military council which has been in power since the removal of president omar al bashir april outside the defense ministry thousands demanding civilian rule defied warnings from the military to stop the sit in. so those were
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the headlines the news continues on al-jazeera after counting the cost structure. cricket's biggest total it has come 2nd with the miles 6 weeks 10 tell us 11 venues . can australia defend the charge will be good fun didn't win a world cup play with al-jazeera for all the latest from the $29.00 say cricket world cup. hello i'm has i'm sick and this is counting the cost on al-jazeera your weekly look at the world of business and economics this week. from credit fuel boom to currency crisis as turkey's economy unravels we ask what can be done to stop the wrongs. trump says more products should be made in the u.s. we find out how much consumers would pay. and gas rich cash poor find out why
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corruption and debt in mozambique are making it harder for the country to invest for the future. by stamboul plays an oversized role in the turkish economy and politics it is the gateway to the presidency and represents a 3rd of the country's economy after a quarter of a century president lost the battle to control the financial capital but another vote to elect the man has been planned it's just one of a number of issues that has many people and businesses musing faith in the country after a credit fuel boom led to bust many are switching to the dollar foreign exchange deposits and funds rose to a record high this month the lira has fall in about 37 percent since the beginning of 2018 pushing the economy into recession the central bank has stopped short of implementing capital controls that's the. governments limit the flow of money in
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and out of the country and during the boom years delivered mostly through property and construction corporations borrowed in dollars and are now finding it difficult to repay those loans meantime unemployment has jumped to a decade high 14.7 percent and inflation has also sought to nearly 20 percent of the turkish government has promised a series of financial reforms to revive the economy but for now many consumers are struggling to pay for imported goods need barker has more from istanbul. turkey is troubled economy is affecting what people can afford to buy onions a mainstay of turkish cuisine have almost doubled in price in the past few weeks consumers are feeling the squeeze quota on cars dissolute told me the prices all things i wanted to give them back they were too expensive for me. turkey is heavily
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dependent on foreign imports on everything from food to building materials the national currency the lira has published by a 3rd in value causing costs to soar for the past 3 months the government has been trying to control the soaring cost of food by buying goods directly from farmers and selling directly to consumers by cutting out the middleman they hope to push down prices they've also lifted some tariffs on certain goods as well but many are now questioning how long this manipulation of the market can really last overall inflation is now at 20 percent last year the economy went into recession for the 1st time in a decade some analysts fear there's more to come the country deliberately focused on. industrial production and services and for the last decade or so on services so i grew culture has been neglected and as a result obviously became more dependent on foreign imports turkey's finance
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minister insists the worst is over the government to promise to inject billions of dollars into state banks and support turkish exports. turkey's main focus now is on reforming the economy in order to achieve the goal of a big and strong turkey it's necessary to introduce structural change. the impact of the economic downturn could be seen on istanbul skyline it's a city of stalled building sites for the past 16 years present turn construction into a vehicle of growth new developments have gone after breakneck speed but with the lira falling the cost of importing raw materials and servicing foreign loans have sought last year the u.s. double tariffs on turkish steel and there are many and amid worsening relations for $2.00 countries over the odds over an increasing number of issues including turkey's growing ties with russia and plans to buy
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a russian missile defense system president said the u.s. tariffs were a big obstacle to turkish trade rising prices were a major election issue for many turks the ruling party's popularity for so long built around strong growth and improved living standards now depends on creating a road to recovery neve parker counting the cost now a turkey correspondent cynicus solo sat down with the former governor of the country's central bank scene and began by asking. where it all began to go wrong for the economy is in their. all in 2008 our g.d.p. per capita was above $8000.00 and it raised up to $12000.00 but today we are below the 2008 numbers the reason behind it is the chosen growth model you can't be a big economy with the skyscrapers you build in istanbul ankara or izmir but they can be your prestige projects turkish will never capitulate them all infrastructure
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canal railway fast train projects must continue even with foreign subsidiary because these are the essential is of an economy however substantial part of foreign money received has been allocated to the construction sector that feed 750 different subsectors this created a boom in the economy but at the end your cash flow is in the local currency but your debt is in foreign exchange so we are stuck now turkey has had some long term economic issues such as over reliance on overseas money which require lots of money what can be done to mitigate this it's thought of. as our internal savings assured we need external savings while attracting these foreign savings to turkey a model doesn't prioritize industry sector that would enable you to supply to the international markets so i don't have. it rather prioritize as a construction sector which has foreign exchange input but national currency cash flows there was abundant liquidity for 12 years the economy instead of modernizing
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our economy and focusing on manufacturing we concentrated on construction that would push for domestic demand but this more doesn't generate foreign exchange earnings while you need to pay in foreign currency this is the greatest challenge turkey is facing now or was the central bank right to prop up the currency ahead of the elections. and i would add is the price stability is an interim goal of the central bank the ultimate judy is the public the growth in it's fair distribution if the central bank doesn't do this and you impose differ responsibilities or if you restraint or 30 you can't come up with a result this is the top problem turkey faces now. they really are or not that of the us our institutions are not able to perform their responsibilities and the reason for that is the in coordination in the economic decision making mechanism. and the temporary currency controls imposed this thing work and this in present add
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on was right to impose those measures well on the south and alter not on the government told its citizens to sell their dollars and buy gold and then bring that gold and debit to banks following that they told people to avoid investing in foreign currency auction foreign exchange bonds and bills all these contradict with each other if you can preserve the purchasing power and the credibility of your national currency which is your country's decency your people will and voluntarily go after foreign exchange. ken didn't jenna's in. the government doesn't respect the parliament decisions doesn't follow or internalize the central bank is given authority for liberal instruments liberal administration but the political authority intervenes it abuses of the trust and harms the perception and then people are not able to see ahead which stops long term investments also foreign investors stop coming for long term they come and give a short term shot that we don't do thing the turkish economy is under attack
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by the speculators as the government and mainly presence at our market is. absolutely there are foreign powers but they were there yesterday and will be there tomorrow every country's a foreign power to another and there are conflicts of interest the government should maximize our national interests and take steps accordingly. you know i see there. since the istanbul gezi protests of 2013 each time we were cornered and sort of taking this as a fact instead of an excuse and fail to make right decisions now we hear you've announced that as the 17th largest economy in the world you are a global player and then you accept the international rules then liberated the capital movements and your central bank in this game you'd like to play there is speculation. how do you go about fixing the economy and seconds. today our job is to follow token economy policies and build up the country's interest accordingly whatever. as the opposition we and others say the finance
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interest free minister the president's son in law should resign but this will not resolve the problem this is a systematic issue which was a mess. this system is paralyzed the decision making process in the economy if you monopolize the authority the person manages all. this we have to address the key trigger of the problem which is this new presidential system which is unique. turkey our institutions are now paralyzed we need to rebuild our system by introducing a rule based system in line with universal law separation of powers checks and balances otherwise i believe the current system will self terminate you know what was. wrong with russia do you think there is a deal to be done between the united states and turkey an anchor as decision to buy the russian s 400 inside and system. choke indices or if i don't
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see myself eligible to talk assertive in foreign politics but what i understand so far as 400 missiles do not comply with the pact turkey is in as 100 software detects nato defense systems as hostile or enemy so now they are discussing ways to adjust this is a diplomatic and military topic when our government says it is a done deal the turkish lira loses value when they say there may be another solution the lira gains back value to this topic oppresses the lira like when turkey arrested american pastor andrew bronson. if they want to do a favor to the turkish businessmen and industry they need to sort this problem out one way or another so the business men are able to see ahead and take risks they run the a.m.r. economy. if so what can do that to turkey or russia relations. understand the situation i believe the government is caught in the middle of 2 powers they're not as comfortable as they are seen from outside thorazine or. that's why even if
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russia gets its money in the event that turkey doesn't install the s for hundreds to the bitter end russians would use the leverage it has that fits in their national interests turkey market harmed them some us former governor of turkey's central bank thank you very much for your time this is my vision i think you. have a trade spread between the united states and china has been rumbling on for almost a year now the us. s. hike existing tariffs on $200000000000.00 of chinese goods to 25 percent in may china has retaliated as talks to end the trade war of stuart but economists have been running the numbers to see what this all means according to bloomberg if the united states slaps tariffs on china's remaining $300000000000.00 in exports it could cost the global economy $600000000000.00 a year by 2021 the new york federal reserve bank estimates the newest round of
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tariffs could cost american households $831.00 a year added s. and nike were among $173.00 u.s. footwear makers who warned consumers would pick up the cost of tariffs which could be $7000000000.00 annually the investment bank no more expects inflation in the u.s. to rise by 0.5 percentage points over the next 12 months apple c.e.o. tim cook recently estimated that if i phones were made in the u.s. from start to finish they would cost consumers up to $100000.00 that's partly due to higher labor costs but also a shortage of manufacturing expertise and infrastructure reynolds went to find out more through really have the number one and 2 and 3 or 4 up to 9 birth early to leave isaac lair in those toys he's the c.e.o. of m.g.a. entertainment one of the most successful toy makers in the u.s.
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but which of these toys here on the wall are made in the united states none of them were made and you know none of them none of if you make the 5 who are 3rd for 14 you know it's called a lower growth. the number one thing touring america if you made the film the u.s. because it would pay $40.00 for it they will buy it for $40.00 for the kids would not have been toys you can possible to make a log of totally andy you would think as the u.s. china trade war heats up president donald trump gives companies some simple advice last september he tweeted make your products in the united states instead of china start building new plants now exciting but trade experts say trying to replace china's factories isn't an exciting idea it's a bad one we have so many strengths that we should be working with
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rather than trying to duplicate the industries of the past today's us economy is based on providing services and ideas not heavy industry and china's advantage isn't just in lower labor costs from toys to television sets to technology the u.s. simply lacks the manufacturing infrastructure and expertise to produce many of the items which are now made in china c.e.o. isaac larry and gives one example i've been doing 2 through 40 years haired grooming and the tool. and routine even the kid cannot have been here if the shortage of expertise do you want to wait for 30 years 40 years for america to become the big dog manufacturing you are 30 in the ward in philly. it's silly but there are hundreds of highly paid workers at larry and company
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headquarters the divine decree p.v.t. is coming out of their grain and they are paid a lot more for that the moral of the story of toys tariffs and trade is that the u.s. economy runs uncreative brainpower not industrial brawn robert oulds al-jazeera chatsworth california a chinese tech giant huawei has stepped up its legal fight against u.s. sanctions the companies filed a motion in court to have bans on its business is deemed unconstitutional adrian brown has this report. few companies could withstand the assault that while ways now under part of its response has been to open its doors to the international media rare in corporate china but these are unusual and uncertain times for the country's biggest technology company now effectively locked out of the us market we believe this sets
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a dangerous precedent that they it's can it come and our way tomorrow it could be your industry your company your concealments on wednesday the company announced its pressing ahead with legal moves to try to scrap a recently passed law that prevents u.s. federal employees from using waterway technology the trumpet ministration says it could be used for spying because of accusations the firms in the pocket of china's government the u.s. government has provided no evidence to assure that highway is a currency threat there's no gun no smoke. only speculation u.s. politicians he said were using the entire strength of the u.s. against one company while we had anticipated being placed on the u.s.
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trade blacklist which effectively prevents said buying components on which its technology is dependent it has been stockpiling parts but those parts will soon run out and what's not clear is what happens if the ban remains permanent. when president xi jinping talks about defending china's core interests he means companies like walk away whose headquarters he visited 4 years ago another important core interest what's called rare earths special metals used in everything from magnets to missile systems a week ago president xi highlighted their importance when he toured the part of the country with the industry is based yeah a prelude perhaps to a warning that appeared on the front page of a popular newspaper on wednesday quoting an unnamed government official who suggests china might use its rare earths as leverage in the trade dispute with the united states china's currently the world's largest rare earth exporter this and
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the battle over while way further signs of the collapse in trust between the world's 2 largest economies adrian brown al jazeera actions in. mozambique is hoping to secure billions of dollars for reconstruction after the devastation of cyclons it die in kenneth cycling a dialogue and left more than $600.00 people dead and about $1800000.00 people in need according to the united nations mozambique needs $3200000000.00 for post cycle reconstruction the international monetary fund says growth could slow it to a least 1.8 percent from losses to agriculture transport and communications food shortages in barrow one of the hardest hit cities and surrounding areas could push prices up. mozambique's port of beara is an important hub for the country as well as for neighboring malawi and zimbabwe but it's not running right now and according to the finance ministry most homes hospitals and schools and suffered large scale
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destruction a debt crisis has complicated mozambique's finances in 2016 it admitted to $1400000000.00 in undisclosed funding that prompted the i.m.f. to cut off support triggering a currency collapse and debt default it has little hope of repaying the debt in 2017 the debt to g.d.p. ratio was 112 percent by 2022 the i.m.f. for costs that it could climb to over 130 percent but the country is resource rich the come the next liquefied natural gas powerhouse by 2025 mozambique is on track to invest $128000000000.00 but it will still be many years before it gets over its debt crisis and begins to reap the benefits of the gas. joining me now from london is aneesh capacity a managing director of a cap energy thanks very much for being with us so in asia let's start with the
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debt crisis there are a number of pending cases plea bargains and so on and i guess what people in mozambique really want to know is are they going to see any of this money or the e.u. going to split it into a couple of different different branches you've got some of that that with was clearly fortunately issued and then you've got the more conventional your obama's that were issued as well i think in terms of that fortunately issue there there there is a good chance that mozambique may be able to get that written off given the issues with. the behind that there in terms of the euro bond issue i think it makes sense for the mozambique government to come to some kind of an agreement with the the the debt holders to move forward because i think the the main thing is is that mozambique needs to be in a position where it can raise further debt going forward to really benefit from the
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huge potential of the l n g projects in the country and the former finance minister was arrested in south africa looks at this point like he'll be extradited to mozambique but the u.s. has also asked for him to be extradited because they want to see him in a american courtroom what do you how do you spect that to play out. think if it's an interesting situation you know clearly there's different number of different actors that been a fall in this situation and i think finally some of them are being brought in for questioning and hopefully they'll be some justice for for the mozambique people give given the the scale and the size of the of the fraud over here there's going to be a number of different. different parties involved and i think it's just going to be a matter of time in terms of who gets called for this.
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and what was actually happens to them and the more importantly is the mozambican the people is. being able to move forward being able to get some of that cash back and focus on the huge growth outlook for the country and as far as their ambitions for liquid natural gas to get to get to that point. where they would be in a will to enjoy the win for that they would need to demarcus to raise money and with their debt likely to hit 130 percent of g.d.p. who's going to be willing to loan the money so i think there's 2 different levels where you're going to see that they're coming in you've got debt that's going to be coming in another project level. if you think about these projects they're very huge projects almost. hard to comprehend how large so you're looking at a $50000000000.00 investment for the various elegy projects that should be going
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going ahead by the end of this year. out of say around $30000000000.00 will be funded through there will be up to largely the project participants to raise that there and they'll pledge some of their assets and the l. and g. assets against that. no doubt with the government in that the full situation even for those companies to raise their is going to be more difficult. on top of that the government isn't going to be seeing a lot of the revenues from these projects until the late 2020 s. that's when it really picks up the reason for that is all the spend that has gone in already over $10000000000.00 and the future spend that's going to go in the companies are going to need to recoup recoup most of that before the government starts going pay it out so in order for some of this cash to flow back to the people the government needs to be able to borrow some money to in essence.
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bring some money in it's going to earn in the future in 10152020 years time but obviously it's not the fault of the creditors they want to see this money back what was a compromise can they offer in terms in terms of the euro bond this is clearly not not the fault of the creditors. i think it makes sense for. mozambique to for the government to. give a little over here because the size of the size of the prize in the future you're talking about tens of billions of dollars of revenue. that there's this huge potential there relative to the current size of the loans that they're in the fall and he's capacity and good to talk to you thank you and that is our show for this week remember you can get in touch with us by tweeting me at has and do use the a.d.c. t.c. when you do or drops an e-mail account in
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a cast that al-jazeera dot net is our address there's more for you on line as always at al-jazeera dot com slash c.t.c. that will take you straight to our page which has individual reports links and entire episodes for you to catch up on. so that is it for this edition of counting the cast and has a secret from the whole team here thanks for joining us the news on al-jazeera is next. the consequence of war i got the ventures of russia he served in the marine corps for naturally church 95 that just doesn't go away. for a living out of his truck for last couple years. his home was 0 follows a group of u.s. army veterans troll much i used by war. as they struggle to get their lives back shelter on al-jazeera. kidnappings and
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murders in crimea since russia's full stanek station of the black sea. i don't understand why he was kidnapped. schools of crimea into tons have been arrested tortured and killed most believed by russian security forces. crimea russia's dirty secret. on al-jazeera. zira. this is a news hour live from my headquarters in doha coming up in the next 60 minutes 1st china and now mexico u.s. president donald trump for ends tires on mexican goods and less it stops migrants
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crossing the border at least 13 people including the suspected gunman have been killed in virginia and the worst mass shooting in the u.s. this year also this hour thousands gather in kinshasa to say farewell to veteran congolese opposition leader it in the katy 2 years after his death. i'm going to get your scope with the sport liverpool and tottenham will battle for the title of kings of europe later well it was a bad night for the kings of african football as a team walked off in protest during the continent's cup decide to. thank you for joining us from old ahl eyes to traditional rivals u.s. president donald trump seems to be using tarot as a political weapon to settle everything from trade disputes to immigration it's unsettled global markets as well as manufacturers and samas in countries including
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the united states as of saturday american ports began collecting 25 percent tabs on several goods coming from china while beijing's retaliatory taxes on $60000000000.00 worth of u.s. products have come into effect earlier this week president trump was in japan where he warned his hosts he might impose duties on the auto industry the u.s. is also ending a decades long preferential trade agreement with india closer to home trump is threatening to impose tariffs on meg. sicko which is one of his largest trading partners president has responded with caution and has sent his foreign minister to washington but brad is due to hold talks with his u.s. counterpart michael impale on wednesday reports now from mexico city. u.s. president donald trump has renewed threats against mexico over immigration enforcement trampling the mexican government via a series of tweets adding quote on june 10th the united states will impose a 5 percent tariff on all goods coming into our country from mexico until such time
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as illegal migrants coming through mexico and into our country stop also threaten to slam mexico with tariffs as high as 25 percent by october mexico has for many years had a pretty tough immigration policy against central americans and we're just asking them to help us to not be this gateway between the northern travel countries we have people pouring in you've seen the statistics 1000 just yesterday or so up to 100000 in some months such as candy. during his morning press conference mexican president. called on the u.s. to engage in a rational dialogue mexico's deputy economy minister. offered her own job at the idea of tariffs. they have to understand that this way of going forward is not in the interests of the united states and secondly of course know that mexico has a legal instruments. it becomes necessary because we think this is an arbitrary an
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abuse of measure talks going on now between the u.s. and mexican authorities will likely include with the latest developments mean for the pending trilateral trade deal between the us mexico and canada what remains to be seen is whether the threat of tariffs will simply evaporate like the time president from britain to close the us mexico border but never did when it up. mexico city christopher well sin is deputy director at the bo's'n center's mexico institute he says trump's rights may put washington's relationship with mexico at risk. well traditionally in u.s. mexico relations there's been an effort to put these things on separate tracks to make sure that there's not contamination from trade to migration security issues to other things because there's such a big complex relationship between the 2 countries and so what this does is it shows 1st of all just how intent and focused president trump is on this might ration issue on control of the u.s. border with mexico but it absolutely holds some risks it risk contaminating the
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entire relationship it risks preventing the passage of the u.s. embassy a renegotiated erson of nafta in the congress of mexico and potentially also in the united states it puts at risk actually the very cooperation on migration issues it's true that in the 1st 2 months of the new administration in mexico in december in january there was there were more vicious eases issued to central american migrants and you were detentions and deportations of central american migrants but at the u.s. urging in recent months mexico has been working very hard to not just try to protect migrants and their human rights but also to work on deterrence with united states so there's not such a massive flow of migrants coming from central america so to have a threat of terror of starting at a 5 percent level just rising and rising and rising throughout the fall if the numbers don't drop it strikes me as a very strange thing to do to the united states' best partner in managing this this
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regional challenge all right let's not take a closer look at the escalating trade war between the u.s. and china the world's 2 biggest economies beijing is imposing terrorists ranging from 5 to 25 percent on $60000000000.00 worth of american imports it's also planning to unveil a list of foreign companies it deems unreliable that's seen as have a sponsor u.s. attempts to brothel but expansion of chinese telecom giant huawei and china is threatening to restrict exports of minerals that many companies in the u.s. depend on. and trade isn't the only area where the u.s. and china are at odds washington's also taking aim at beijing's foreign policy speaking at a security forum in singapore acting u.s. defense secretary patrick shanahan wants china to stop threatening its neighbors sovereignty china has denied the allegations and blames american naval activities
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in the south china sea and washington support for taiwan for any instability china should have or what to do with the rest of the region too. but the heat here to root other nations sarkozy and so does russia china tensions must. as speak to i not tongan who's a china analysts and economists he joins us live from beijing thank you so much for being with us on al-jazeera so a tit for tat when it comes to trade and tariffs what exactly is china's strategy when deciding to retaliate against these u.s. tabs well i mean for china they see this is a multi-pronged. case of the united states taking security and trade and politics and combining them in an all kind of pressure front donald trump seems to be taking a blunderbuss or a shotgun to these particular issues not only in china but around the world as
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you've been discussing for china it's much more of a issue of a rifle what they're doing is they're being instituted new terrorists today but though those are very carefully calibrated to make sure that this is not going to rebound or there be very little effect on chinese consumers but beijing has also said that it would create a blacklist of foreign companies that hurt chinese businesses in what appears to be in retaliation for the clampdown on while way this is also going to affect the chinese economy is it not. yes it will i mean there's there are no winners in a trade war and in this particular case it's not only the u.s. and china involved it will be the whole world because what you're starting to see is this kind of contagion which is going to affect not only companies in the u.s. but other places if china goes ahead with any kind of reduction in the
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numbers of in the amounts of rare earths that are going to the united states that could be very very damaging specially over the short term it's very difficult to see how this is going to end if this kind of shit for tat thing goes on but beneath all of this it seems to be a tremendous amount of anger and concern in the united states i think mostly driven by the fact that over this last 30 years 90 percent of the american public has experienced 8.4 percent decrease in their real income meanwhile during that same period 2 thirds of the u.s. was the lion's share of 2 thirds of the world's profits which are flowing to the developed world it just so much that the chinese had also been affected how they know that it's being singled out yes they have i mean there have been a lot of businesses that have gone under especially small and medium sized enterprises that were involved now these were not the big state owned enterprises
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these are just you know as we say mom and pop organizations small and medium the ones who create 80 percent of the jobs in china the ones who are doing 80 percent of the foreign trade now we we talked about the ban on minerals that china is threatening if such a ban happened it could seriously as you said harm the american tech defense and manufacturing industries do you think a beijing is we is willing to take it that far is it really ready to wait separate track to trade war with the u.s. so is it just a negotiating tactic perhaps as a trade negotiations are expected to resume this month. i couldn't quite hear the question but i mean assuming you're talking about the rare earth issue and the effect that it will have yeah it will have a definite effect on the u.s. side because they almost all prop aspects of the process involving creating tack relies on these 17 different minerals and china still has a lion's share of that of it 72 percent of their summer coming from australia
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there's a little bit from the u.s. but that would have a serious setback for them but this is obviously in retaliation for huawei china believes that this is their their prize company is being punished for being more competitive than on their american can't counterparts after all you cannot be copying tech if you're ahead of everybody else thank you so much i not tongan for speaking to us i not going is a china analyst joining us now from beijing thank you for your insight. and european countries have been warned against doing business with secretary of state michael pale re-iterated american security concerns about the chinese tech giant has been in switzerland and germany where he's also pushed washington's hard line policy on iran their shot divisions not least over the 2015 nuclear agreement dominic came before some brilliant. it was a meeting of strategic allies in berlin
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a chance for a show of unity at least in public and an opportunity to concentrate on apparently shared policy objectives notably iran but on many people's minds was the dispute between the u.s. and germany over the nuclear deal agreed with the iranians in 2015 but rejected by president donald trump in 28. also the world is in great restlessness especially the issue of iran and how we prevent the country coming into ownership of nuclear weapons also how we prevent other aggressive actions from iraq doing this and yet germany has joined forces with britain and france russia through all possible to help keep iran within the terms of the 2015 deal setting up a financial transactions channel called instead acts designed to help iran legally get around us sanctions.

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