that handle these bonuses and they call the in the bust so when whatever decided that end this up to the eyes fuel prices she was not really interested on bus asia she's bored out of you while i'm there to present. this situation in the guy who was noted in stable so that the big question this price is even asked east how the south end of the day these hugest without can see their aim their public reaction well he knows the popular reaction now so he's got to find something else what else could he do because. of course taking away subsidies is going to be unpopular of course increasing taxes is going to be unpopular of course reducing spending it's going to be unpopular is there anything he can do which might be palatable. one thing that he can do is now they have made us take in between delegation minister asia i have

a geisha mission as a leader and they are trying to reach out call me on. this. cornice you have tried to find a common ground was not happening in the last when they so i'm these we've got people now talking with me couple of the last week i had obvious. solution is not going to be easy but we've got we've got have i'll bet the front of this you include more people in then an official day but what about the international monetary fund and all of this i.m.f. loans are always sort of a 2 edged sword because obviously you've got to buy them back at some point but these loans were dependent on there being some cuts does that mean the i.m.f. loan is now possibly out of reach i think there i am if. so or the

situation on top of all this situation us close really the giornale i'm pretty sure the i.m.a. have rather reports every day of the situation and they followed the report of how the economic situation really bad ally in april in the last 1 week i had so they will consider that yes they i'm pretty sure they didn't want some changes in the indefinite vote in the economic a body but now they know that you change a radical change without any kind of transition could then they're called a company employing. interesting stuff thank you martin great to talk to you thank you but. still ahead for you on al-jazeera. my government intends to where to launch a new partnership with the european union the british monarch lays out her government's plans for the new parliamentary session.

some of the most pristine beaches in the northeastern brazil have been covered by the crude oil that's been washing up on the beaches and nobody knows exactly where this is coming from and gabriel is on doing our logo is brazil that story coming up . how i was saying some rather shabby weather into southeastern parts of china recently they show is pushing out of the white see the the cloud here the thunder has that just drifting a little further southwest it's we've got so the winds pushing in from the northeast direction picking up the moisture across the south china seas lots of heavy rain there across a good part of vietnam hong kong about 20 celsius in the sunshine over the next

couple of days it'll be fine and dry for west impossible because some showers in the forecast for you said the more that wet weather into a good parts of vietnam family weather to central and southern parts of india and also i concerned about the monsoon rains furthermore now the city for the south was at long last down towards caroline more showers coming through on the protests pushing up towards a dish a state seeing some lively showers and some showers there continuing into sri lanka signs of the northeast monsoon just showing it's had is predicted to begin around about the 17th of october more of the same as we go on through where the state further north as you can see it's fine and dry some will be coming into karate the temperatures around 36 celsius or into the mid thirty's across a good part of the arabian peninsula fine dry and sunny.

on counting the cost president trump threatens to destroy turkey's economy again we'll find out how his conflicts of interest in istanbul. lebanon goes from one crisis to another and can gold hit a record high of $2000.00 counting the cost and i just. there's no one way of telling stories keeping is telling right and to be i suspect it's great to get to know the person from the toughest. top stories for you this hour on al-jazeera turkish troops and their syrian allies are advancing on the kurdish held city of money which this is just hours after

president richard typo on warned the offensive would tense fine syrian government troops appear to be positioning themselves for a possible confrontation with turkish forces protests have taken place in barcelona after spain's top court sentenced 9 catalan separatist leaders to prison they were found guilty for their role in the region's failed bid for independence and at least 2 people have died several others have been wounded in guinea off the shots were fired at protesters demonstrators are rallying against president alpha condo's plan to change the constitution so you can run for a 3rd term. iran's president hassan rouhani says u.s. sanctions of fails to bring his country's economy down during a news conference romney said iran will continue to scale back its commitments to the 2015 nuclear deal until the e.u. fulfills its promises he also said the government is trying to reduce its reliance on oil revenues has more without said baker correspondent into. during the press

conference president rouhani addressed a number of issues including domestic and international affairs he said that the united states' maximum pressure campaign of pacing iran under sanctions haven't worked iran's economy as well if its currency has stabilized he called on european countries france germany and the united kingdom to return to the commitments and promises made in the 2015 nuclear deal iran has already increased its stockpile of uranium and started enriching to a higher level in regards to the oil tanker the reigning oil tanker that was attacked on friday president rouhani had said that he seen the footage from the tank that he said that several missiles were fired at the tank and at least 2 hit and he said that is clear after analyzing the wreckage of that attack that it couldn't have been carried out by individuals that there must have been state backing and he said that state once the evidence is i which will face the consequences now this tanker was attacked around 60 miles away from the saudi

arabia city of jeddah but to run has yet to place blame on anybody president rouhani said that iran has always been open for talks with regional countries but this attack on this a tanker has complicated matters the russian president vladimir putin is in saudi arabia where he's expected to sign oil agreements and discuss the crisis with iran this is his 1st visit in more than a decade a sign the 2 countries are getting closer putin is made to solomon also the crown prince mohammed bin salman in riyadh saudi oil facilities came under drone attacks last month for which the us blamed russia's ally iran iran denied any involvement the thoughts now of nicholai who is an associate professor at the gulf studies center here at the university and says the timing of this visit is significant. there are basically 3 priorities the 1st one is to ensure the signing off as much economic contracts as possible in the nuclear patro chemicals that are in the oil

and gas petrochemical fildes. secondly to achieve the understanding on the system to continue the corporation within the opec bloss between saudi arabia and russia and possibly even the further decrease in the production old food and finally to reach the common understanding of the key issue of the regional security more invested quite a lot of efforts in trying to make the litany of change in this relation to bring them at the level of let's say what it sees as a strategic partnership and now we believe that the time is really important because on the one hand there is a really serious decision on oil market that should be taken within the last by january 20th fainted on the other hand there is a growing insecurity in the region which as i said allows moscow to sell its vision or for the future security structure and finally moscow believes that it

at last it brought its ideas about potential projects for bilateral economic cooperation at the stage where they can be not only in simply signed by. implemented as soon as possible. britain's queen elizabeth has outlined her government's agenda during the official state opening of parliament boris johnson's cabinet has stressed the importance of leaving the e.u. by the deadline of october 31 but it is a minority government so it's unlikely parliament will pass any of the proposals mentioned in the speech charly angela with the support from london. the costumes the carriage the queen's speech is the high point of parliamentary pageantry and the british monarch announces the government's plans for new legislation in a speech written for her she began with proposals to support a back seat deal if the deal is reached this week. my government's priority has always been to secure the united kingdom's departure from the european union on the

31st of october. my government intends to work towards a new partnership with the european union based on free trade and friendly cooperation. boris johnson has just 5 days to secure a brics deal the parliament will approve it if he doesn't succeed he faces asking for an extension to the october 31st deadline or trying to force through a no deal breck's it against the wishes of the house of commons the government says it is hopeful for an agreement after the prime minister and as i was counterpart agreed on a pathway to a deal on customs arrangements with northern ireland but the need to quickly flesh out the bones of that deal with the rest of the e.u. all before europe's leaders gather for their summit on thursday. in brussels u.k. an e.u. negotiating teams a meeting with all sides saying there's still a lot of work to be done the last number of months. so i think

there was my teacher to say the ideal is possible and it's possible this month may be possible this week but we're not there yet the queen's speech included spending pledges on health care education and security but with a minority government it's unlikely many of the supposal will be passed by parliament instead many see it as a list of election promises an election that is looming ever closer charlie angela al-jazeera london. the nobel prize for economics has been awarded to 3 people noted for their experimental approach to alleviating global poverty indian born jean and his french american wife as the best the flow from mit the massachusetts institute of technology and american michael kramer is from harvard university the floes only the 2nd woman to win the prize in economics afghanistan's election commission is struggling to meet its own deadline to announce the preliminary results of last

month's presidential poll officials say biometric data machines were supposed to prevent fraud but actually complicated and delayed the process leaving many people saying they won't be able to trust the results this report from laura burton manley . for nora and job stability was important. for you voted for incumbent president ashraf ghani in september selection. i cast my vote to elect our president because security in afghanistan is not good we want to have a bright future so that is why i voted. and his main challenger abdullah abdullah claimed victory after the 1st round ballot in september. in 2014 the 2 were in the election stalemate with each accusing the other. that led to the u.s. intervening to negotiate a power sharing agreement. the government then brought in machines to collect 30 is

biometric data. the candidates are divided with some they ring system saying it helps stamp out fruit but others argue that those whose biometric data wasn't recorded won't have their votes counted. thank you for these videos were shared on social media during the election and sparked fears the ballot boxes were being stuffed with fake the. the independent electoral commission has now announced only biometric votes will be counted. and election officials have also complained some machines didn't properly and staff lacked training we had witnesses on technical states we had problems with the voter lists and also electronic devices. didn't announce the final figure

of turnout the government blames taliban attacks and threats to turn out an estimated 26 percent of just more than $9000000.00 registered voters but analysts say there were other problems one factor could be because of the insecurity that you have in afghanistan and the other primary factor i believe is because of the 2014 elections and subsequently to 2018 and actions where people lost trust. in process and democratic process is concerned. back to the workshop ratman says tradesmen like him are struggling and differences need to be resolved with. my message to everyone is peace i am thirsty for peace i'm demanding all sides whether the taliban or the government sit together and make efforts towards peace so everyone will have a bright future no one is investing because there is no security. police his that will count towards political stability but many even when the election results were

announced the future would be so clear cut. al-jazeera. now brazil still dealing with this environmental emergency crude oil washing up on beaches along its northeast coast it is a growing ecological disaster of course but it's made worse because no one seems to know where they will actually coming from gavrilo is under reports from the north eastern state of al gore us. it's easy to find the oil that's washing up on the beaches in the northeast of brazil this environmental disaster is spread over 2000 kilometers contaminating some of brazil's most beautiful beaches. the state of alabama is has been hit especially hard and the cleanup is a huge challenge if i can help is on the really good i mean to fit the if we are part of multiple agency efforts to monitor the coastline which include the army

city and state officials some oil stains appear in the north of the state but it's worse in the south. what's more difficult to determine is where is that will coming from there are many theories could it have come from oil tankers in the atlantic ocean of some suspect or could that we will be from a german ship sunk off the coast of brazil during world war 2 as some brazilian researchers have concluded. well nobody knows exactly where this oil is coming from the brazilian government says it's not coming from here in brazil at the brass the state run oil company has run tests on this oil and they say it's a type of crude oil that is not produced here in brazil they say this oil contains characteristics of oil normally found in neighboring venezuela so the brazilian government thinks this oil is coming from there but venezuela's state run oil company did nice it is the source of the oil fisher with brazil's environmental

protection agency tells me this spill is a catastrophe and there's no quick fix to the pollution so that might last this is an environmental emergency our work will go on until this is over but for now we have no deadline to finish our work i mean on sunday crews tried their best to clean up the beaches but it's a huge area and resources are limited so investigators are now taking to the air to try to spot the oil slick. on the sand they have found more than $150.00 contaminated beaches so far this is a disaster on a huge scale and it can't be fully controlled until the source of the oil is identified. give rosendo al-jazeera state of allegories northeast brazil.

half past the hour here on our jazeera these are the headlines turkish troops and their syrian allies are advancing on the kurdish held city of mann bridge this is just hours after president jet type or one warned the offensive would intensify syrian government troops appear to be positioning themselves for a possible confrontation with turkish forces in mali use foreign policy chief has condemned turkey's advance into syria and raise concerns about the rise of i saw in the region their conclusions we called for a ministerial meeting. of the global coalition because we see as one of the most immediate consequences of this military to it is say in the northeast of syria the fact that. refined its briefing space inside that territory that worries us and normally this is so that it security threat to the european union not only to the european union 1st and foremost to the region and the international community so we want to see. this tackled in the global coalition for much other headlines large

protests are taking place in barcelona or against the sentencing of 9 catalan separatist leaders they were found guilty of their role in the region's failed bid for independence sentences right from 9 to 13 years. former white house advisor on russia fiona hill is testifying in congress today as part of the impeachment inquiry into president donald trump she resigned just days before trump's phone conversation with ukraine's president in july that call of course at the center of the whole impeachment investigation at least 2 people have died and several others have been wounded in guinea after shots were fired at protesters demonstrators are rallying against president alpha condo's plan to change the constitution so we can run for a 3rd term after 2 weeks of protests people in ecuador celebrating the government's decision to reinstate fuel subsidies president menem moreno had cancelled the fuel subsidy as part of an austerity plan that caused fuel prices to skyrocket you're

up to date with the headlines here on al-jazeera counting the cost is next. alarm has a secret this is counting the cost on al-jazeera your weekly look at the world of business and economics this week president trump threatens to destroy turkey's economy again we find out how and we look at trump's business interest in istanbul . where have all the dollars gone level on goes from one crisis to another as one

of the world's most indebted nations clings to install a peg. gold what is behind its rise and how high can it go you'll be surprised at some of the bets those in the know are making. after president donald trump abandoned kurdish allies and gave the green light for turkey's incursion into syria the pushback from usually uncritical republican saw the president attempting to change his decision he said he would in his words totally destroy and obliterate turkey's economy if turkey does anything quote that i in my great an unmatched wisdom consider to be off limits what he meant by off limits wasn't clear but the threat was enough to send the lira lower so is it possible for trump to actually obliterate the economy we don't need to go too far back to see the damage done before and the best way to do that is to chart the liras decline the day before the attempted coup in 2016 the lira was trading at

$287.00 to the dollar it's been downhill since then tensions between the united states and europe over syria and turkey's refusal to raise interest rates to fight doubled. digit inflation so the currency we can further from general 28000 to august it sank 40 percent president trump impose sanctions on august 1st after turkey refused to release a u.s. pastor who had been held over his alleged involvement in the failed coup a double tariffs a week later sending the lira to a record low the economy slumped into recession inflation peaking at 25 percent and the spat over russia's s $400.00 missiles kept the lira weak on october 7th trump threatened to obliterate the economy sending the lira down more than 2 percent with all the criticism president trump has been keen to point out the economic ties between the nations including its involvement in the f. $35.00 stealth bomber actual trade between the 2 is about $20000000000.00 making

the u.s. turkey's 4th biggest trading partner but critics are keen to point out president trumps conflict of interest in turkey top of the list of the trump towers in istanbul according to the washington post trump doesn't own the building but was paid $10000000.00 to put his name on it. ivanka trump thanked president irwin for coming to the opening of the towers in 2012 and a lawsuit filed by 29 senators and 186 house democrats claims trump is a partial owner of $119.00 turkish business ventures that's according to n.b.c. well joining me now via skype from istanbul is sin then again he is a visiting professor at carnegie europe thanks very much for being with us so how close is the relationship then between presidents trump and one or the relationship is indeed quite close because president traum has been in regular dialogue

with the turkish president are gone and as we see in this case he took on board are the ones arguments and decided to give the go ahead to the turkish across the border military operation and his stance is not the difference than what we heard from the others pillars of the u.s. administration and primarily pentagon and we when we look at the turkish economy and president trump personally does does he have a conflict of interest because of the trump towers in istanbul he doesn't own the towers but does license his name. yes obviously that's the definition of conflict of interest and given that he has this business venture in turkey. even though as you rightly said he doesn't all the property nonetheless gets a license fee based on extending his franchise so in that sense yes there seems to

be a cop the interests and trump has in the very recent past put sanctions on the economy that were there were damaging were they the sole reason for the economy sinking into recession not it was just a an impetus really but already the church economy it had a number of structural deficiencies. very high external financing requirements more savings rate. and this is the main reason why coupled with the treta of sanctions. there has been a general risk of a version concerning the church on the me which has led to our financial our close and the shock on the currency last summer which peaked on the occasion of with political crisis triggered by turkey holding on to your u.s. pastor and how much damage can the u.s.

do to that to the turkish economy i mean president trump it has said he can obliterate the turkish economy is that just bluster or can he really do that. well i think that indirectly the us could certainly do quite a bit of damage to the church going on because fundamentally the church economy is one where there is a lack of domestic saving saw turkey has to import capital from abroad and therefore the cost of that capital is very important at a time when there is tension between turkey and the united states and especially if the u.s. administration including the president trump moves ahead in the direction of sanctioning turkey that will raise the turkey's risk profile and the cost of capital and that's going to be the main challenge for turkey point forward before we end up in such a scenario and if we go back just a few years putin put a stop to russian tourism after turkish warplanes had shot down

a russian jet so turkey's economy is prone to shocks isn't it. it is it comes down to the fact that turkey's growth model is predicated on the every libyan that you offer of cheap capital inflows saw no way the deficiency over the past 10 years was that turkey was not legal to shift to a growth model that is less dependent on foreign capital flows this could have been the case for instance of turkey had done a number of significant structural reforms that would have raised productivity and ensured you know sustainable productive to growth and the economy but clearing that turkey continues to be dependent on these capital flows which makes it vulnerable to these type of political pressures and how would you assess things now is the turkish economy finally turning around interest rates and inflation a coming down what's your prognosis yes there certainly has been

a rebound in turkey it seems to be pulling back from its recessionary trend but the main challenge going forward will be whether turkey will actually be able to achieve the type of higher growth rates just started in the parts that's the main challenge even if it rebounds from this recession area it looks difficult right now and turkey may indeed. be a hostage to in an environment where it has logged growth rates. and this is something new for the turkish political system and economy system given that turkey had registered quite significant the high growth rates in the past c.n.n. who again thanks for being with us thank you. i one of the world's most indebted nations has declared an economic emergency

a lack of dollars for imports of wheat oil and medicine has pushed lebanon's currency to the brink of devaluation now that could end lebanon's 2 decade long peg to the dollar the problem is the businesses buy goods from overseas in dollars and sell in lebanese pounds but lebanese banks are restricting access to foreign currency forcing many firms and individuals to resort to a growing parallel market and this is reflected in the current account deficit which means it is importing more than its exports in all living beyond its means the deficit has risen as lebanese ex-pats aren't sending as much money back home as they had in the past remittances to lebanon work revelent to 12.7 percent of g.d.p. in 2018 while the government is in talks with saudi arabia for new money the central bank has more than $50000000000.00 in currency reserves that's enough for 30 months worth of imports but if the government doesn't push through austerity measures a devaluation becomes a real threat then

a hard reports from beirut. fuel importers here had threatened an open ended strike because of a shortage of foreign currency their customers pay in lebanese pounds but they need dollars to import fuel lebanon's central bank is intervening it plans to provide dollars at a fixed exchange rate not just to importers of fuel but importers of medicine and to wheat supplies of which have already reached dangerously low levels economists say levanon which imports at least 80 percent of what it consumes needs an injection of foreign cash because the government is so exposed to the region and culture what's happening to see what's happening here are the problems of the g.c.c. countries. who would rather be. at the. of. invest and now the local currency has lost value it's the 1st time in 2 decades

exchange dealers won't speak on camera. the official price pegged at $1500.00 pounds to the dollar black market prices have emerged. oh how much can i sell my dollar. 155000 and if i want to i cannot buy right for. 57 ok thank you. the central bank denies that lebanon is facing a dollar crisis and describes her ports of a shortage as an exaggeration but there are attempts to limit daily dollar withdrawals and more and more merchants are no longer accepting local currency they too refused to speak on camera as an. economic conditions have long been precarious this is one of the most indebted

countries in the world a decrease in deposits into the banking sector denies the state a critical source of finance but there are other reasons behind the shortage of cash in the country. on iran for example affected its funding for its ally in lebanon which is also under sanctions this is disrupted the flow of remittances countries also stop providing help to a country they believe is controlled by their rival iran people are starting to take to the streets there is panic over the currency losing value which has hurt their spending power last month the government declared a state of economic emergency for these protesters however this crisis is not new and they want those in power to be held responsible for years of mismanagement and corruption well let's talk more about what's happening in lebanon from beirut we have sami executive director of the lebanese center for policy studies thanks very much for being with us. so i want to ask you 1st help me out with this the central

bank has enough currency reserves including dollars for the next 30 months but there isn't enough dollars for importers and traders. that work well the fact is that yes the central bank does have a high reserves but the situation is actually quite precarious just because we've been actually living with a large budget deficit and very increasing a trade deficit now the inability of the lebanese government to actually attract capital from abroad it's putting a lot of pressure on actually deserves so what the central bank is trying to do is actually slow down sort of the depletion of its reserves in order to actually to contain this situation right now is there a trust issue between the banks in the central banks or as the central bank governor has suggested dollars should be use.