if it's in colombia after the weather phenomenon, 3 people have been killed and 16 and missing my space, x. is all to craft carrying 4 astronauts to the international space station. it's sad, but it's a 1st fully fledged mission for nasa by a private company. the capsule named resilience for this year's many challenges is to french the i says, late on monday, the sounds are there and these are the top stories. u.s. pharmaceutical firm says early results from its covert 19 vaccine show it's nearly 95 percent effective. it's now stage 3 clinical trials, 30000 volunteers have taken part. it's a really important milestone in the fight against the pandemic because it demonstrates that our eckstein are mourning 1273 is able to prevent cope with 19

disease, including severe disease in people who received it. it's really just a milestone. we have a lot of work ahead of us knowing the vaccine is going to be effective. it's great news, but we still need to complete a regulatory process which involves completing the study, generating more to follow up. and then of course, we need to get busy manufacturing if you will be, as government is sending reinforcements to its rest of north and to create region. their forces are appealing to the international community to condemn the offense. the government has ruled out of mediation efforts. a media foreign minister has resigned after days of protest against a peace deal with azerbaijan. but prime minister and he called refuses to step down . he has defended the decision to hand back parts of they're going to cut talks about libya's future have ended without an agreement on who will form an interim government. the un's acting envoy says a lot more work needs to be done. both sides have agreed to hold nationwide

elections in december next year. u.k. prime minister boris johnson has gone into self isolation of the coming into contact with a person, a victim of covert 19. he says he's feeling fine. i will continue working from downing street. although it is incumbent president goes on, says he will concede defeat if the colts find no problem with the election. with the most votes counted for european challenger maya sundin is projected to win the number of casualties from the deadliest typhoon to hit the philippines. this year has climbed to 67. so what heavy rain triggered severe flooding across the main island of luzon last week, rescue teams have been sent to the worst hit places where hundreds of the people are in need of well as the headlines and news continues here on al-jazeera run off to counting the cost, which is coming up next. i'm

adrian. so they can, this is counting the cost on al-jazeera. a look at the world of business and economics. this week, the once mighty financial capitals of the world, and refused to ghost towns by the pandemic. can they reinvent themselves as more people work from home? we're in brazil where millions of lost jobs to the coronavirus, but some are found new ways to feed themselves. that could also help in the fight against deforestation. that off the, sinking to record lows, the turkish lira reaches for higher ground. as the central bank governor and his

son in law resigns as finance minister for more than a century, cities of been magnets for millions of people with the promise of a better life. and work, but the pandemic is realizing the way we live and work. city centers have been turned to ghost towns as people work from home. so that could potentially leave law scar's with shops, restaurants, and services that cater to commuters being decimated by some estimates. the economic damage to the world's top 2 financial centers supposes the wreckage of the financial crisis of 2008. new york and london are also facing a huge drop in tax and transport revenues. new york is expecting a $2000000000.00 for all in personal taxes this year, and unemployment is at 16 percent. that's twice as high as other cities in the country. only 10 percent of manhattan office employees have returned to the

workplace as of late october, that's up from 8 percent. as of mid august london's transport system, which includes tube trains and buses was bailed out by the government. the $2400000000.00 loan for short of the $4800000000.00 needed over the next 18 months, passenger numbers and revenue a down 70 percent. because of the pandemic, we have 2 reports for you in a moment. gabriel is on the looks at the opening of america's biggest mall at a time that most of us a spending more on line. but 1st al-jazeera as john hendren takes a look at chicago's downward financial spiral. as the economy feels the impact of the pandemic. the pandemic has scarred chicago's historic landscape plywood replaces neighborhood haunts. sports bar, the rainforest. cafe all gone. the city's famed willis tower is mostly empty. at

shuttered navy pier, the ferris wheel is indefinitely stalled 40 percent of restaurants nationwide expect to close in the next 6 months. according to the national restaurant association, it's going to be 60, maybe even 80 percent, because right now a lot in the warmer days we can sort of hit a break even if people, if the business goes down, people are going to run out of money pretty soon you have to be creaming your house after 3 decades in chicago, celebrity chef rick bayless, whose trim staff, it is numerous, chicago be stroh's. it is bracing for worse to come and his pockets are deeper than most restaurants, especially independent own restaurants, are sort of the fabric of the neighborhood come next spring. if we don't get some sort of financial assistance from the government, those neighborhoods are downtown area. they're going to look very different and it's going to take

a few years to rebuild. restaurants are getting creative with street closures, an outdoor seating and heat lamps. they're trying to keep people coming as long as they can, but in cold weather climates like chicago, nobody really knows how long they can go on. chicago's once bustling magnificent mile shopping district is a shadow of its former self with even open shops, boarded against recurring social unrest. their protest chants echoing in one american city after another, violence is up and it is causing some minor flight out of the major cities. we're seeing more and more people moving to suburbs outside urban landscapes. and i think that is a real concern on the other side of this virus. this spiraling economy spans across the u.s. as once for low jobs are gone for good. each day the pandemics losses mount in lives and livelihoods. the latest here is central camera. chicago institution

opened it 899 closed in 2020 and hoping to reopen again. john hendren, al-jazeera, chicago. it's a shopping mall like no other in america. it's got the shops more than $350.00 retail stores under one roof, but it also has slides, a full water park feeding in a giant pools and also slopes the ski and snowboard type. it's all part of more than 20 entertainment at tractions. at the newly opened american dream shopping mall near new york, the largest shopping center in the united states, 20 years and 5000000000 dollars after its inception. it was supposed to open in march, but couldn't do covert lockdowns as crews put on final touches for the grand opening that happened in october mall executives promise it will be successful despite new

obstacles and changing consumer behavior. more people buying online rather than in person. and fewer people wanting to flock to shopping malls, or retail stores during an ongoing pandemic. when you think about, it's that millions of people down no experience feeling supplicated going crazy. looking for something to do, looking for something that they can really reenergize and reignite the family unit . and we believe that that's going to be american dream, but not too far from the mega ball here in new york city. the struggles in the retail industry are obvious. everywhere you look, shops are boarded up, victims of covert lockdowns in an economic recession, unemployment in new york city alone during the height of the pandemic reach nearly

20 percent. and it's still around 15 percent today. and an estimated 80000 of new york small businesses may never reopen. we've been talking a shakeout happening in retail for a long time now. and the pandemic, i think has accelerated the shakeout that had been coming. and you have a number of stores that just aren't going to make it because they don't have enough cash on hand. or they were able to raise enough capital. that leaves odd in uncertain times in the retail industry. as businesses close, while a mega mall calling itself, the american dream tries to lure customers with attractions. at a time when retail in america is much like a nightmare. gabriel's andu counting the cost. now the city of london cooperation has been working on a plan to revive the financial district post pandemic. john romeo, chief, executive of consultants. all of

a wyman forum has been involved in that process. he joins us now live via skype from london. john, you face a pretty uphill challenge, a number of firms have already started looking for small offices as they adjust their office requirements to cater to the number of people who are working from home right now. how do you counter that? thank you, adrian. i mean, this is you're right when it comes to infectious diseases, the advantages of cities that density of talent, the global. 'd neck to miss actually become vulnerabilities and in the case of london, all series of challenges that predated cove. it. 'd the rising cost of living. 'd some of the infrastructure, the inequalities where. 'd we just became that much more pressing and, but workplaces are a great example. we saw pretty much overnight with the emergence of the 10 demick, most of financial and professional services. switched to remote working, something we thought would take 5 years. and now as we look forward,

some of those changes are, are looking more and more permanent. certainly there's a different demand for the mix of public transport options and how you use commercial space. now it's uncertain what those long term trends will be, but certainly some of the takeaways. 'd i think are, are becoming clear that we're in a more permanent, flexible, working more businesses are expecting to have teleworking options going forward. but that said in our mind, certainly the office. 'd is not dead, it's just changing and whether it's a university model, a club model that face to face interaction needed for collaboration and co creation . 'd and a lot of the things that drove success of, of london in particular, professional services, financial services and, and technology are still going to be required. so we see it rather than being that stench of threat. we think it's much more an opportunity to reimagine and reinvent some of that space. ok, so what's the plan? office space in london. notoriously expensive. i mean that's not going to attract

stops. what do you need from the man of london from, from the government? are we going to see office prices coming down? i think it's a much broader question. london is much more than just a physical space. and if you, you mention, start ups, london has the 2nd highest rated ecosystem startup in the world, and behind only silicon valley, the good number of tech unicorn's, the advanced technology companies that exist there were 2001 to the focus on a i ever bought a quantum computing we've got an ecosystem across some of the regulatory environment. the business is the education system, but london is london because of its people and its ability to attract that talent. and so certainly the pandemic has highlighted some of the shortcomings within that impose new challenges and whether that's working in silos or other areas. and so

what we're looking for and hoping the mayor does is use this is an opportunity to identify the. 'd strengths that london. 'd has the hub for experts in innovation, but using that to connect across some of these silos to thinking about the diverse population that we have, but making it not just about diversity, but also inclusion and thinking about for those high potential business is helping them to survive. helping to connect them to advice to funding to. 'd to pick chairman and bring that all together and you talk about talent. some of that talent, a big chunk of it, is going to be what is going to find life a lot more difficult from january the 1st when, when workers from the continent for example, won't find it that easy to come and work in london anymore. it makes you, it puts you to a competitive disobey until just last minute. i mean, i'm not sure. i mean, the u.k. is changing its trading relationship with the world where that's being redefined. and again, it becomes an opportunity to,

to rethink some of it's so on the one hand you've got digitalisation. 'd equality, climate change, those are all now global priorities that, that countries and cities the to react to, to stay attractive in and competitive. there is a global trend towards putting more in big the opportunity for london is to continue to fly that flag for a global, outward looking britain that, that is built on a reputation for its global financial center, that hub for professional services and technology. we've got those capabilities. 'd at scale, the retail sector was already on the going fundamental change before the pandemic. and because of people's changing habits, you look at john lewis think that the big 6 successful department store chain, which is, which is now reducing its footprint. it's changing the use of some of its properties, some of the flaws in its big stores to office space, even affordable housing as well. now we're talking about one of the main

competitors in which is the west end of london, not the city of london, which we're talking about here. are you concerned that there's going to be a flood of office space affordable office space across the the, the capital which is going to put you again in the city of london at a disadvantage. the report was commissioned by the city of london corporation. we were looking at this as recommendations an opportunity for. 'd monday and indeed the u.k. more broadly. so rather than viewing it as competition between parts of london, i think this is much more an opportunity of thinking how london as a major city as a hub for. 'd the whole of the u.k. and indeed other beta cities around the world. 'd can reinvent themselves at, i guess, in terms of your specific question on the, the space what we, what we see is a need across the city. the city of london broadly defined as it is the requirement

to adapt and design the space in a different way to meet these changing needs. a new density of. 'd of work places across sectors. 'd and how to use that, that space to be transformed. that's going to have to happen everywhere. we don't think that that goes away. it's just, it's going, it's certainly going to look different. really going to talk here many thanks again for being with us and counting the cost. thank you. pre-sell slams the coronavirus pandemic has forced more people out of work. has left them struggling to afford life's basic beings, but some people are now growing the own food and that could be helping to slow deforestation. as monika, erica explains rio de janeiro,, a city surrounded by mountains of lush, the g.t.a., sion which is rapidly disappearing. sprawling slums have been devouring the forest for decades. there's still growing invading protected areas like this one. but now

environmentalists like donna, some dos have founded the coronavirus, an unlikely ally to fight deforestation. and when the pin demick began, and i started knocking on her neighbor's doors to distribute organic vegetables along with seeds, sprouts, and instructions on how to grow them. the idea was to convince people to build less and turn to mother nature. at a time when the economy had shut down, and 10000000 brazilians were going hungry, all the hooked up to the idea of the age of the pandemic, helped and the prove her point. when she moved cheerily, u.g. had dreams of a bigger house, but coated 19 left her husband. unemployed with the family discovered that nature could feed them if only they'd let it. ma,

give me her eyes buying food for everyone. costs us at least 1000 ryall. but by planting our own organic food, we're not only aiding healthier, but saving at least 300 reale, a 3rd of what we spent in the supermarket. lot of was in the heart of their lives and they are not one of the pretty violent strong family of 12. we have a plant corn, avocado, and also herb the family lives in what is called the promised land and extension of the pain, a complex slum home 250000 people. it's controlled by the red command, one of brazil's largest drug cartels. they're responsible for occupying new territory and distributing it. and it was, it took a lot of negotiation with the drug traffickers and the night is to convince them that destroying the forest is not the best way out. paper made roofs over their

heads and as families grow, they build marmol. but with a pandemic, they realize that cement in bricks can't feed them and that is no building the cistern to store rainwater in the promised land. while need maida, who spent 6 years in jail for drug trafficking, is helping very clear the land to keep the season i was in prison. when the pandemic began. unable to help my wife and 3 children, i was lucky to be given this new opportunity. it's not only a job, but a new way of looking at life that my, that and she used to be a street vendor until the pandemic with no job and time on her hands. she started raising chickens. she plans to transform this whole area into a fruit and vegetable garden, an urban slum, still surrounded by poverty and violence, but where mango trees are now allowed to flourish,

and children and animals roam free, as if they lived on a farm. monica and i give all just sirrah rio de janeiro. now. you fire central bank of about one day the next day. your son in law steps down as finance minister, the best breath turkey's president ended what appears to be his unconventional economic policy. you see, interest rates have been held as low as possible in the hope that it would revive the turkish economy when your currency sinks more than 30 percent in a year. at inflation saws you need to increase interest rates, the central bank has spent a staggering $100000000000.00 trying to prop up the currency. but what's driven murder? want a more conventional economic policies may have more to do with the u.s. election. joe biden's victory could mean turkey's hit with sanctions for its purchase of a russian missile system, something the president trump was unwilling to push. right,

let's get down to the nitty gritty and name as lamb is the chief market analyst of eva trade. he joins us now via skype from london, so fast the central bank governor was fired then early on, son in law stepped down as finance minister. that was a bit of a shock. what do you make of it all? i think the key word this year views, that is shock best. how it came across in the for its market as well. because knew it was really expecting this particular move. however, the important and the key element to put this is that yes i do go on if given a freehold to center bonds. and that means central banks can really can play with the interest rate order to increase the inflation. that is the key. i mean, i think years of that, anticipation in the market is that perhaps in the coming days they will event at $98.00. we could see an interest rate increase in turkey by good

basis point and big tears up. that particular reason we've seen this massive need it, is this an admission that the spending $100000000000.00 to support of the lira was, was a costly mistake and has it got anything to do with joe biden's victory in the us presidential election? i think joe biden's victory is a completely separate factor over here as well. and that is more by reading, building bridges than walls with other countries. i think that is the rare mantra but respect to biden's administration of the president elect biden's administration . so going forward, what we see in terms of foreign policy from buy to 2 ways. turkey is going to be more moving towards a new manager level and that means more businesses and more economy. all right, so you say that the took, his interest rate is going to go up, are you,

you said what 300 basis points? that's not is what the market is pretty much anticipated. so right. so that life is going to become a heck of a lot more expensive for people in turkey, very soon, like what you increase interest rates here. i do that because you want to control place your money. inflation comes down. that means things will become less cheaper on one hand, but at the same time, if you are putting money, if you have burned in the higher to 1st rate means you are obviously going to get more 8 at a st. john, if you are already in money program than that your costs will increase, we are back to what extent is the, is the turkish lira a busted flush and no matter what you do with it, it's, it's not looking good at the moment. basically because of the underlying turkish economy. yes, that is true, but in 1st rate, it is a double edged. because if you increase in 1st rate, yes,

it is great for the us and it is great to show up to climb to africa for any. 'd country, but at the same forbearance that means is a great business because obviously in charge more money. and that is why we need massive priming the banks. but on the other side, as a consumer, as a business higher interest rate, i generally not back. and then i think this is pretty much gone. i've been saying over the last number of years, that is the reason that it doesn't really like the conventional monetary policies which under ratio use interest rate to conclude this question. really good to talk to and i am many thanks again for being with us. thank you very while the pandemic has devastated many industries and to give it a huge boost to the video game sector, tech companies, microsoft and sony. launching new consoles about a sharp rise in the number of players worldwide. south korea, with some of the fastest internet speeds in the world, is

a major target for game developers. a fantasy this robot bride reports now from seoul. it's one business sector that has been thriving in the pandemic and has the makers of the most popular gaming consoles rushing their latest offerings to market globally. the gaming industry was stagnant last year, but the outbreak of corona virus means the industry in south korea and the rest of the world has seen big growth. from sony, there's the new playstation 5 taken. we have the power, branded playstation of the world's biggest gaming ecosystems, and an established user community going head to head with microsoft's latest x. box system. it's like all gaming systems here benefiting from south korea's super fast 5 g. mobile internet network enabling, ever more immersive play without making any in the past, people had to download install and then play

a game going forward. we will be playing games by streaming them a line. the professional gaming of the sports has also grown during the pandemic. helping confirm south korea's position as a world leader. there a bigger sponsorship deals and developing technology offers the expanding online audience, a richer experience for south korea, it's all much more than just video games. it represents a part of its economic future as it charts, a path focused on digital content. gaming joins k., pop dramas, and movies as the country's growing export of soft power. if for the last half a century, manufacturing has helped our economy to flourish. cultural continue to be the country's power of development. for the next 100 years. south korea has seemingly embarked on a quest for digital supremacy now with the new devices to help it. rob mcbride,

al-jazeera soul. and that's our show for this week. if you'd like to tell us what you think, get in touch with us, you can tweet me a finnigan on twitter. please use the hash tag a j c c c. when you do or you can drop us a line counting the cost. al-jazeera dot net is our address. as always, there's plenty more for you online at al-jazeera dot com slash c t. c. that address takes you straight to our page there. you'll find individual reports. links. even entire episodes fuse catch up on. but that is it for this edition of counting the cost. i'm adrian finighan from the whole team. thanks for being with us. study use on al-jazeera is next.

as countries begin easing coronavirus restrictions, scientists warn of a 2nd wave of infections in the last few days. in front of the neighborhood and many feel the economy is be prioritised about for human life until fall, the people come clean. the focus on the outfield will spike in public like 10 places we bring you the latest developments from across the globe. coronavirus fundament, special coverage on al-jazeera and outspoken rights are killed in a car bomb outside his. they return in 2005, accusations, speculation, and denials. al-jazeera well tops the life and fine and death. simeon casi of journalist author, academic and political activist, sami, across

a killing of a journalist on al-jazeera. and now the breakthrough in the race for call, the 900 backseat us from a dot is only 12 years old, so it's nearly 95 percent effective. rather empty, but al, this is al jazeera live from doha. also coming up in just over an hour president elect joe biden, will unveil his plan to revive the nation's economy.