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tv   Counting the Cost  Al Jazeera  October 10, 2020 1:30am-2:01am +03

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kind of resources a moment to deliver through this country the many crossings along the river thames are critical to connecting the british capital the question is will the public purse be generous enough to stop london's bridges from falling down sunny al-jazeera london. a quick recap of the headlines now has been a state of emergency declared in care just on. a shot was fired at a car carrying a former president as he attended a rally in the capital bishkek the current head of state has ordered the military on to the streets to try and end days of unrest there are some hopes though that a move by 2 leading opposition leaders to join forces could possibly end the power vacuum after sunday's and now parliamentary election charles trafford is in bishkek
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we've now had a statement come through that is being made by the vice speaker of parliament saying that parliament has to vote on the state of emergency in order for it to be legal we understand that emergency session of parliament will be held tomorrow to do exactly that certainly the opposition are putting pressure on the government to follow the kind of legal parameters that this country is proud of setting up in recent years but as i say in the last few days the chaos that we've seen on the streets seems to suggest that all those legal parameters seem to be falling apart. talks are underway in a bid to end the conflict between armenia and azerbaijan but the as area he does ruled out making any concessions the deescalation meeting is the 1st diplomatic contact between the neighbors since fighting broke out nearly 2 weeks ago the dispute centers on the territory of nickel and nagorno-karabakh an ethnic armenian area that belongs to azerbaijan the head of the world food program said no
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one should go hungry in the world today is the organization that won the nobel peace prize you will committee set the un body was a driving force in stopping the use of hunger as a weapon of war around 97000000 people a year receive food aid from the program and its executive director said wealthy donors still need to offer more help. and several european countries are struggling to suppress a 2nd wave of covert 19 francis in a jump of more than 20000 infections for the 1st time on neighboring italy is reporting a case i had not seen since the peak of the outbreak in march. last set for myself and the team here in london there will be more news from doha in about 30 minutes time counting the cost is the program coming up next. the e.u. has suggested that it is willing to go to extreme and reasonable limits simply to exert leverage against the u.k.
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you know on the geisha issues for free trade agreements with no deal on the cards is it game over to britain and the e.u. on a great thing announces iraq. hello i'm sorry not like a doubt this is counting the cost on al-jazeera your look at the world of business and economics this week exit from the pandemic trillions spent on keeping the global economy ticking over but how much is needed to get the world back on its feet by getting vaccines to those without pockets. also this week how the threat of u.s. decoupling is forcing china to rethink its growth plans with an ambitious goal of 1000000000 middle class citizens. plus can cast rabs and bob way strike
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oil will tell you about the little known australian company that's using mounts from the 1990 s. to find oil. without a covert 1000 vaccine millions of people who lost their jobs due to the pandemic are unlikely to find work some businesses are struggling more than others to operate at full capacity and government central banks and development banks will need to provide trillions in aid to keep economies taking over where the pandemic has also set back the fight against poverty reduction by more than a decade's so just where are we with the hunt for a vaccine there are more than $200.00 vaccines in various stages of development that's according to the world health organization in august russia. registered the 1st vaccine although at the time it had been tested on fewer than 80 people the most promising from astra zeneca in oxford university was post temporarily after
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one participant became ill so as the hunt continues governments have spent about 10 trillion dollars in various stimulus programs to keep economies ticking over the cost of the global economy of the pandemic could be as high as $9.00 trillion dollars that's according to the asian development bank and that's huge sums of money but the cost of exiting the pandemic by getting vaccines to the world's poorest doesn't have to cost the earth right now the world health organization has launched a program to raise 35000000000 dollars to make sure vaccines reach low income and developing countries the w.h.o. wants to make sure it can deliver $2000000000.00 doses by the end of 2021 from geneva i'm joined by dr bruce aylward he's a senior advisor to the director general of the world health organization thanks very much for your time with us dr bruce counting the costs so in the history of vaccine development there hasn't been such a herculean effort to get a vaccine into circulation from your perspective from the w. h.
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perspective where are we in this effort and can we expect the serious contenders here by the end of the year. indeed this has been a herculean effort and what the world health organization our partners have put together is something that is an integrated international effort we call the act accelerators to try and accelerate the availability of vaccines as rapidly as possible the end of this year is going to be very very ambitious the leading candidates 10 leading vaccines are what we call phase 3 trials they're going to have to be completed we're going to have to generate the safety data analyze those data so it's going to be very very tight for the end of this year or more likely we're going to be looking at the 1st quarter of 2021 but it's going to depend a little bit on some factors that we don't control so it could be anywhere in that time period here's the thing though when you look at the private sector development and the production of vaccines most preferred that they're going to be doing this
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at cost except johnson and johnson for does that play a role in your choice of where the vaccine comes from well obviously it's going to be a balance between getting access to the best possible products as early as possible as well as the price now we're working through the kovacs facility that we've established of this is a huge international effort that brings together already 168 countries to procure to to pool their procurement power to be able to get the best possible prices so we think that we will be able to negotiate great prices on all of these products we are aware that there's a range of pricing strategies that countries or companies rather are bringing to the table but this is still very much an ongoing. area of work and i'd like to highlight you mentioned johnson and johnson but in fact they've come out saying that they're going to offer at a very good cost so i'm not sure that that's one of the ones that we'd be most
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concerned about in terms of getting the best possible prices rise ok so out of the more than. 155 vaccines currently under development are they all to france or are there overlapping studies going on yeah absolutely the incredible thing about this herculean effort as you called it to develop a vaccine is that we're looking at products that are being developed across 5 or 6 different what we call technology platforms using novel new approaches like the m r n a vaccines that you've been hearing about and viral vector vaccines all the way to more classical approaches like inactivated vaccine we don't know which of these at this point are going to prove to be the most efficacious or the safest so we're pursuing a an approach that invests across a whole range of technologies but also and uniquely in the case of the kovacs a scylla to that we're running we also look across
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a whole range of geographies all the way from the west to the far east to scan the horizon for the best possible products out of that what are now well over 200 candidate products that are out there but of all of those that are into your point there's a very small number only about 10 that are right now in phase 3 trials and that we're really looking at most closely at this point all right so here's the thing i mean we hear a lot of the western developments when it comes to the sale but what if the chinese and russian efforts well what's your take on those. well that's a super important point because these countries also have you know a long history in developing vaccines and medical products so they're also important players in the big scheme of things and when you look at those 10 products that i talked about that are in phase 3 trials 4 or 5 of those are actually from china and russia one from russia and 3 or 4 now from china so it's incredibly important that we're looking right across the full spectrum of potential
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products because we don't know yet which of these are going to be successful let me ask you about let me turn your attention to the u.s. for just a moment and talk us through the antibody treatments that were given to president trump how effective are those. well this is a really important area of development as everybody knows in going into a battle against an opponent such as the coronavirus or covert 19 you want to have a full armamentarium of tools you want to diagnostics therapeutics and vaccines so one of the big pushes that we've been looking at is in this area of new drugs or therapeutics let's say one of the most promising is what we call these monoclonal antibodies which are very special antibodies that are developed. to try and target the virus and you give it as an infusion usually before or just
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as someone is getting you know to try and prevent the progression of the disease in every one of the studies that have been done so far they've looked more and more promising but we are not at an advanced stage to be able to say that this could be approved for emergency use listing yet or even for licensing so it's really still the most advanced of these products are only in phase 2 studies at this point and looking at the the the scale of this corona virus pandemic the w.h.o. has committed $50000000.00 to these antigen tests and providing also 120000000 antigens tests a low and middle income countries the thing that's really enough. well this is one of the other breakthroughs that we've had just over the last couple of weeks so it's really just a star what we've found working through the acting salary there is a 2 new rapid and it's in tests that have received emergency use listing by w.h.o. and in parallel with testing in assessing those products we've worked with the
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manufacturers to get price and volume guarantees for low and low middle income countries now there's 120000000 tests that can be available over the next 6 months it's a big improvement on where we are today but it is not enough we have to make we need at least half a 1000000000 tests over the coming year and that's what our target is what we're working toward but the biggest problem and challenging we're starting to face now terry is not actually the technology in the products but rather the financing to be able to procure enough of these to fully exploit the opportunities we have $50000000.00 is only a 10th of the $5600000000.00 that we need to be able to fully operational eyes that that deal and enhanced control and low and low middle income countries right and speaking of funding the $35000000000.00 fund to get vaccines to the poorest parts of the world how are you doing on that is not fully funded. no and it as a super important point in fact the $35000000000.00 budget for financing gap for
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the act accelerator that's the gap a process our work on the vaccines therapeutics and diagnostics now in nearly a half of that is in the area of vaccines however now we've had a really good initial financing about $44000000000.00 now that has helped in the startup phase but now we need to move from the proof of principle to the scale up and procurement of these products in the near term and that's why we're going to need this 10 fold basically increase in financing this is going to require an extraordinary effort it will not be able to finances just from overseas development assistance or what we call traditional o. da and so what we're doing now is laying out the economic case for countries to invest stimulus financing into the act accelerator because what we are developing and how we will roll it out could be a critical part of the global effort to get global economies moving again as well
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as societies and health systems right dr bruce allen great to talk to you thank you very much for speaking to us from the world health organization thank you. later this month china's governments will rubber stamp a 5 year economic plan 13 previous plans have carefully charted china's move from an agricultural economy to the factory of the world this plan is likely to check out growth targets and favor of quality and structural reforms and many respects china has been forced down this path as the united states attempts to decouple from its reliance on the world's 2nd biggest economy let's discuss this with rubin monta hart he's joining us from hong kong he's a professor for asian initiatives for the i.e.s.e. business school at the university of navarro thanks very much for your time with us so i guess efforts to keep growth above 6 percent come what may has been thrown out and this is partly in response to washington's economic war partly in response
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brooke they have also many other issues to contend with so i know it is the main the main story is what you call the jewel circulation which is the 1st circulation called internal circulation would be to boost the growth gone in from domestic consumption. everything domestic domestic development for example of the he cal brands domestic development of technology especially in in the supply chain regarding the knowledge of ai and things so all of that the message plus the domestic integration really in china of economic growth centers what for example there are $31.00 is the great there are a bay area surrounding guangdong province which includes. the c.p. itself and then the 2 others are to ones around shanghai wrong beijing the extend out is the one thing you are everything and do but remember that greece is
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different i mean from all the previous times of china since the beginning of the reforms started but there shall be. for example the the just to have the greek enumeration the several pieces the problems the how it several of these which are all external by one bet the drum the knowledge that a communications saw trait so all of those are going to be difficult issues for for china plus the geopolitics the shining of academic research of china the bottom in public opinion on the problem and see it's all about the internet it's all of those are the external circulation that china's to contend with so they have not contended with these doctors in the past so this will be the 1st time that they really have. spine dealing with their external circulation area so the solution they have for the external is to develop their relationship with asia especially
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the areas lonnie's the asean reach us population so about $650000000.00 proximately like the european union and then also the other one is there see what they can do with this original comprehensive economic partnership which they want to or not he had with asian countries but the nearby china let me ask you what the focus will be then for the next 5 years. then that's the next 5 years will mean that they will boast and you saying that the straight at for example to food production. local energy production. consumption of light industrial goods saw services domestic tourism so to take advantage of the improving and burgeoning middle class that is happening now in china they are like 30 to 35 percent of their population
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classifies middle middle income so that is a big source of possible domestic growth and speaking of growth now china already has a lead when it comes to 5 g. and possibly are to fill artificial intelligence as well but now it's identified chips as an area it really needs to focus on because the u.s. sanctions so how long before it catches up and overtakes the u.s. in this field if that were to happen. well we are talking here of basic research that's why over this past 10 to 15 years john os really been trying to get the knowledge. to bring that that knowledge is from the rest to china at the moment they're going to tell basic. and of technology. microchip semiconductors for example they're still dependent on on the u.s. so although this is going to be less and less china will have to invest more so
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that they can fast track this so this will think maybe found another decade but they are they are doing their best. to upgrade their technology in this area the supply chain the relates to this technology the 5 g. for example that is still not 100 percent and they can be still affected by the sanctions that the u.s. and even some other western countries are going to do because china for example it's it's it's fast export driven growth reached a point it provoke a reaction from the west it provoked a protectionist kind of element from from the west so done that's what's in the picture now that china is experiencing that at the moment well one of the biggest challenges will be getting a 1000000000 people into the middle class that's going to be some achievement. yes but that also that also has
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a cost because we also comes the aging. population so even if they relax their one child policy 2 children policy that's not going to solve the immediately so technology support is supposed to to feel in the blanks what the labor force is going to do kind of grendel the gap to last by the labor force to be covered up by technology but that knowledge is not coming fast and we have the current situation and this technology is being hampered because of the sanctions imposed on china by the by the western countries then this is going to be a problem for them i.e. saying that there will be an adjustment create your day i think it will take about 10 years. that move however i guess will a lot only lead to an economy worth a staggering 30 trillion dollars that's the that's the figure that's expected and also surpassing the united states towards the end of the decade but also it's going
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to create a huge domestic market so where the u.s. decoupling has little impact the u.s. policy is very dependent on the care and ministration so yes trump wins that we will see the same so the same story going on is there will be a dramatic shift if there is a change you know ministration then there could be also a change in in china and the hopes and the time table really really also change depends on on whether to supply chain will be stopped or rather the supply chain will continue right throughout this late and only one yeah yeah all right thank you very much a reuben among the heart thank you very much for speaking to us from hong kong. zimbabwe has been an economic trouble for more than a decade but 2 years ago there was a ray of hope for the caste starved nation the possible discovery of oil and gas in the north of the country on the border with mozambique the energy minister winston
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should tondo said the oil and gas deposits are africa's largest oil reserves discovered to date the company behind that the scot free is little known outside the industry invictus energy is an australian listed or lng gas company and it's only real assets are those in zimbabwe or the fines if proven commercial could be a game changer invictus has already signed a 20 year deal to provide 100000000 cubic feet of gas to a local power company well from perth australia via skype were joined by invictus energy's managing director and founder scott mcmillan thanks for your time with us today how much oil and gas deposits do you believe is in the cup or about the region we've had some into been an issue that's carried on and based on. these independent consultants that is made that around about changing cubic feet and $300000000.00 barrels of condensate it could be present in the koresh basin that's equivalent to around $1100000000.00 barrels of oil equivalent so pretty substantial
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by global standards and something that we're very excited about how did you come by this find however because i understand that mobil which is now of course part of x m o bill did some testing back in the 1990 s. and you're using some of their a geological studies. that creates a model to carry out an extensive campaign in the early ninety's integrators n.b.c. that me and the 1st part in our exploration program was to re-evaluate the data that they had behind and we were able to obtain the original field tapes and seismic shift is that they acquired reprocess spent data and share your knowledge on the basin and its petroleum tensional. and now we've completed those the studies and we're going forward without expression program on the ground and in fact we've got a team going into the country and into the basement next week to start some reconnaissance prop in a campaign which we're planning to start next year following the rainy season i'm not asking as it is based on behalf of mobile of course but from your understanding
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why did mobile decide not to drill at the time was it not commercially viable for a company of that size some of them were exploring for big oil targets and this is back in the ninety's and when they had finished that evaluation of the of the basin they concluded that the petroleum system was more likely to be gas prone as opposed to well and back then there was no structured market for gas in the region and in fact there are already some logic to see discoveries in neighboring mozambique i'm sure with the un and mana fields which were discovered in the early sixty's that was still sitting on the benefits of mobiles with very little point in trying to discover even more gas. for 25 years however and the energy dynamics and the gas market in particular has changed dramatically there's not a burgeoning but the mystic market as well as a regional market and we see a great opportunity big to become not only a significant slot mystically but also in the region of particular so that africa
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which is a very large gas market which is one of those to it and is facing a supply shortage by the mid twenty's twenty's so is there enough gas than in the spine to make the country and energy independence so the expression campaign is successful and we discover what we believe is there then not only will the country have the ability to become energy independent but also an energy exporter and that can be in multiple forms that there's a lot of ways monetizing gas not you've got cast a pall you've got 3rd laza you've got small scale in g. as well as picture going to. so all of those can play mix and and ensure that spends a lot of becomes and it energy exports and what does this mean for the local economy and particularly for jobs for many of the local people will for a discovery that is as the sort of potential in terms of its size it will be an absolute. huge boost to the economy and as well as jobs it will naturally follows
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that you know you're talking about thousands of jobs during the construction and development phase that directly at the of the project and then in the operations phase that will take it down but in other will also result in a lot of jobs created in the midst of the downstream sixty's and so you're going to have a boost not only to the overall economy and significant contribution to the fiscus but a lot of jobs created as well and just for clarity's sake you're employing local people now or are you relying on outside expertise to get to the oil and gas. so we've got a mix of. in our team in what isn't this is mainly we're out optical which is undertaken sadly we don't have the expertise in zimbabwe and in the only jessica but we're hoping to develop the skills and local skills as we go and as our program advances we have it in our office that's it's obvious top of locals and in fact out
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a country manager that actually ran mobiles previous exploration programs that he's very well those done and will be you know great for the upcoming operations and now that we're on the ground and committing a field activities operations in country will start to ramp up as well so they'll be more local and going to was right it would project right ok and what about the funding are you sufficiently funded or to to make sure that you can see this project through so we funded for a forward feel program coming up and in addition we've m.-e. to complete a program to bring in additional. by the end of the and then that will see is funded for the drilling campaign coming up as for the governments of them by the way do they have a stake in this at all will they be relying on or will they be relying on tax revenue so at the moment we're in the midst of finalizing a production sharing agreement with the government and that will result in the country receiving a question of either the product or the profits over and above the normal taxes in
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world peace so this production sharing agreement would ensure that the country gets officiate. of the resources by implementing means all right scott mcmillan thank you very much for speaking to us from australia thank you thank you very much for having me. that's our show for this week but there's more for you online at al-jazeera dot com slash c.t.c. and that'll take you straight to our page which has entire episodes for you to catch up on. that sit for this edition of counting the cost i'm dead you know from the whole team thanks for joining us the news on al-jazeera is not. the remote kingdom of new ton has become known for its pursuit of happiness. one a 106 balls how this national go inspiring the younger generation 0. cut through the noise figure back when they're going into
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a few hours and listen journalists that are there to find ways to tell this story one of the problems that they're just really aren't a lot of people of color who are making the press run as high falutin right in the fact that it's worth the risk that a fine day we know that the crew can earn our work table by the listening post monitors and interprets the media on al-jazeera. toba on how dizzying was playing months left until election day candidates are warming up for the big day with a series of debates with a diverse range of stories from across the aisle just you know a congressperson to take some of the stories that have impacted our states with britain seemingly heading for a no deal drugs can a last minute deal be struck between london and brussels algy xena's emmy award lead any green lights retains for the series on the u.s. communities moved in by convict 19 as the incumbent president seeks
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a 3rd term and the opposition has formed an alliance against what course will the country take struggles with often violent protests october on al-jazeera. plane land. mammal from. a state of emergency declared in kurdistan's capital after days of protests and prison breaks over elections not occurred in valid. plans this is auxerre live from doha also coming up on a mission to end the fighting of nagorno-karabakh media in azerbaijan hold talks in moscow because every president says there will not be concessions. the 2nd presidential debate between donald trump and joe biden is canceled after trump.

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