tv Counting the Cost Al Jazeera October 15, 2020 2:30am-3:01am +03
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right now obviously this protest has come to an end but again when you look at it from the protesters perspective they did what they promised and that was to march to government house and they stayed overnight though 2 of the most high profile leaders are now are in jail scott many thanks for that no doubt we'll be speaking to you again in the next hour or so the protests are continuing in cyprus against government corruption they follow an al-jazeera investigation of senior politicians who were willing to sell separate passports to convicted criminals this game was run as financial investment in exchange for citizenship the government has now abolished the program. this is out as there are these are the top stories riot police in thailand are detaining protesters shortly after the govern announced an emergency decree to protest leaders have been arrested demonstrators according to the prime minister's
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resignation and reforms to the monarchy scott hardly has moved from bangkok. you know another. in this process and the government protests that we have seen over the last several months this is before large scale protests that we've seen since july thousands gathered at democracy monument here in central bangkok it marched on to those thousands marched on to government house area they broke through police barricades they bunkered in if you will for most of the night until this emergency decree came through yemen's heathy is how the release to u.s. citizens in exchange for 250. the freed rebels have arrived in yemen's capital. on a swap is a fast of several prisoner exchanges expected in the coming days between the saudi led coalition and the who face. europe is battling to contain a 2nd wave of coronavirus germany has imposed tough the measures on gatherings and
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mall squaring france is introducing a nightly curfew and in the u.k. and new 3 tier system is in force. tens of thousands of afghans have been forced to escape days of heavy fighting between government troops and taliban fighters aid agencies say hospitals are becoming overwhelmed by the wounded from the battles which began insolvent afghanistan fighting continues to escalate between armenia and azerbaijan those areas say they have destroyed missile launches inside on mania that were targeting their cities the armenian government confirms ministry positions hit. protests are continuing in cyprus against government corruption they follow an al-jazeera investigation of senior politicians who are willing to sell separate paul sports to convicted criminals those are your headlines counted the cost is next. during the closing 19. americans
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suffering an epidemic of wrong to target and to. want to win a street new generation was watching them on al-jazeera. hello i'm gerri navigate out 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 deep 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 robinson bob way strike
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oil we'll tell you about the little known australian company that's using mounts from the 1990 s. to find the oil. without a covert 1000 facts seen 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 ticking over with a 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 paul's 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. the global economy of the pandemic could be as high as 9 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 $35000000000.00 to make sure vaccines reach low income and developing countries the w.h.o. wants to make sure it can deliver 2000000000 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
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a very good cost so i'm not sure that that's one of the ones that we'd be most concerned about in terms of getting the best possible prices rise ok so out of the more than. 150 bucks 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 of silicate 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 will 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 there are 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 are looking right across the full spectrum of
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potential 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 test some 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 start what we've found working through the acting salaried are is a 2 new rapid and aging tests that have received emergency use listing by w.h.o.
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and in parallel with testing in assessing those products we've worked with the manufacturers to get price and volume guarantees from 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 challenges and 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 lies that that deal and hence control in 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 dollar budget for financing gap for
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the act accelerator that's the gap a process are working on the vaccines therapeutics and diagnostics now 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 government 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 in 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 infernal circulation it will be the boast 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 other things it's all of that domestic but the domestic integration really in china of economic growth centers what for example there are $31.00 is the great there 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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a 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 they have it several of these bits are all external i one good 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. by and 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 laundry is the asean reach us population of 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 pour next here with asian countries that 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 to take advantage of the improving and burgeoning neagle 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 china us 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 we'll have to invest more so
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that they can fast track this so this will think maybe i 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 the picture now that china is experiencing that at the moment when 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 they want child policy to children policy that's not going to solve the immediately so technology support is supposed to feel in the blanks what the labor force is going to do and of grendel the 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 for them by the western countries then this is going to be a problem for them i.e. saying that there will be an adjustment i think it will take about 10 years and that move however i guess will last 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 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 pine table really really also change depends on on whether to supply chain will be stopped or rather the supply chain will continue right through until later when he was 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 discovery is little known outside the industry invictus energy is an australian listed or lng gas company and its only real assets are those in zimbabwe where 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 a region we've had some into ministry it's carried on and based on. these independent consultants there is a method 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 by global standards
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and something that we're very excited about how did you come by this find however because i understand that mobile which is now of course part of eczema bill did some testing back in the 1990 s. and you're using some of their geological studies. that creates a model to carry out an extensive campaign in the early ninety's integrators n.b.c. got it and the 1st part in our exploration program was to re-evaluate the data that they get behind and we were able to obtain the original feel tapes and seismic shift is that they acquired reprocess spent data and share your knowledge on the basin and it's petroleum attentional. 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 sun and mana fields which were discovered in the early sixty's that was still sitting on the benefits of mobile so very little point in trying to discover even more gas. for 25 years how it got 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 of 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 well thousands of jobs during the construction and development phase but directly at that of the project then in the operations phase that will take it down but then other will also result in a lot of jobs created in the mix you're going to downshift and 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 zimbabwean in the only guess. 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 and will be you know great for the upcoming operations and now that we're on the ground in convincing field activities operations in country will start to ramp up as well so they'll be more mobile 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 any to continue to augment program to bring in additional. by the end of the and then they'll see is funded for the drilling campaign coming up as for the governments of zimbabwe 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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worlds east so this production sharing agreement would ensure that the country gets officiate. all 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. for this edition of counting the cost i'm getting you know from the whole team thanks for joining us the news on al-jazeera is next.
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it began with war and to put it just here i got shot i fall down i felt like i was that the documentary filmmaker once granted unconditional asylum contrasts his experiences with those seeking refuge today and intimate you know what the consequences of the policies of detainment is really almost the sort of all this misery they cannot absorb this number that people have to suffer in this way it is an excerpt of refugees tale on al-jazeera. i am steve clemons and i have a question because these days it's hard to filter out the noise and keep track of what's really important to you the bottom line tackles the big issues that is shaping the united states its people its economy and the way it deals with the rest of the world the bottom line only on al-jazeera. talk to old jews there oh this is the government not taking the necessary action to really address some of
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the structural issues we listen i still think that air travel is the safest mode of travel and to spend that we meet with global news makers and talk about the stories that matter on the old a 0. earthquake a. ride please clear protesters in the toy capsule in a crackdown months of anti-government demonstrations. on monday insight this is al jazeera live from doha also coming. to us citizens are set free in exchange for hundreds of who the fight is ahead of a big in a prisoner swap in efforts to end the conflict in yemen. held the magazine for all
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