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tv   Counting the Cost  Al Jazeera  May 24, 2021 7:30pm-8:01pm +03

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just simply aren't enough affordable houses available for many buyers owning a home. israeli fell quite so insecure. the fall can. i'll just era london. well, in the final installment of our series on rising house prices, we look to the united states, low income families. there are now being priced out of the market and a shortage of building materials is exacerbating the problem. you're not on tuesday right here on algebra. now max mosley, the former head formula, ones governing body, has died at the age of 81. the son of a prominent fascist politician, mostly had korea as a racing driver and a lawyer before becoming definitely a president in 1993. he served 3 times before stepping down in 2009. he'd been suffering from camp. ah. hello there. this is al jazeera and these are the headlines you leaders. i'm
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calling for sanctions on bearers, after what they say was the hijacking of a commercial airliner. they say a fake bomb threat forced pain to london mince. so an opposition journalist could be arrested. several countries want beller races as space blocked for brandon has more on the international reaction. in the parliament in the u. k. parliament, britain's foreign minister dominic rob was asked about the potential involvement of the kremlin and all of this. and he said, well, it's too early to say, but he rather suspected that it's difficult to believe that this kind of action could be taken without at least the acquiescence of the authorities. in moscow, you can see how the diplomatic snowball really is rolling and bringing in wider and wider implications. and frankly, you wonder whether president lucas shanker all beller, is actually realized. perhaps the recriminations that he was gonna face when he decided upon this course of action on sunday. the us secretary of state is traveling to the middle east to fell off a fragile c 5 between israel and palestine. washington has pledge to rebuild garza
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after israeli as strikes left tens of thousands ousted me on molly. the unconscious future has appeared in course for the 1st time since a military crew. in february 2 faces several charges, including incitement to sedition and violation state secrets. a suspect accused of war crimes ensued on staff for conflicts has appeared before the international criminal court. alejandro rahman is charged with $31.00 counts of crimes against humanity including rape, killing civilians. iran has told the un nuclear watchdog, it will extend a monitoring deal with the agency for a month. the 3 months tail agreed back in february was set to end this month. and iran had told the regulator, it would no longer have access to data from some of its nuclear facilities. once that agreement had expired. well, those are the headlines. i'll have more news for you here after counting the cost. news,
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news, news, news. news news . hello, i'm sammy's a that this is counting the cost and i'll just go look at the world of business and economics this week. the factory of the world has a full flavor problem. china's internment and millions of leaders has western companies scrambling one wine supply chain, but they dragging their feet and they faced the bank clash from beijing. also this week, a trillion plus and losses and millions of jobs hasn't been easy for the tourism industry and find out if when a recovery and chief executive of
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a business travel platform that's raising millions for expansion and aging populations falling birthright and skilled workers. industries are looking into the use of robotics. we look at how robots could change the construction industry. the china's 3 decades march to become the factory of the world. it's been pretty remarkable. it's lifted millions out of poverty and millions more into the middle class. but on the president sheeting ping, china has a human rights problem. investors pricing corporations that do business with china to verify supply chains for the use of force labor, the u. s. and e. you have impose sanctions on beijing, fruits, treatments of weavers, but up to 2000000 have been placed in internment camps in the western region of she . many has been forced to retrain and sent to work in factories and cotton fields.
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the abuses don't stop their entire graveyards, mosques and historical science have been full dose. women have been forcibly sterilized, and children taken away from parents. the u. s. calls china's actions genocide. that's making it more difficult for some to continue to do business. take hannah's and more and so as it's better known in the high street, h and m off, the pledging not to use coughing from sion. jang, it faced a bank clash in china from the government and consumers, barbary nike, adidas, some of the other western brands hit by consumer boy cos. benighted states band, the impulse of coffin and tomato products in january. it's estimated the us imported $9000000000.00 of cotton products and $10000000.00 of tomatoes last year. supply chains for solar panels are also clustered in the region, raising concerns among investors about for labor in facts,
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half the world's raw materials to make. so the panels comes from it's in jang. further complicating the world's move away from fossil fuels. a reports compiled by the german parliament concludes the countries new supply chain law were likely main . german companies have to withdraw from chin jang and related supply chains. otherwise, they face fines or even criminal prosecution. obey jing deny is all accusations of abuse and is prepared to lose exports as china's consumers stop spending more money at home. joining us via skype from new york now, as anita dart director, investor alliance for human rights. good to have you with us. so pretty much outside as whether they did plots or journalists or human rights act with the bond from sheen. jang right. so how sure are we of these reports of forced labor human rights groups have done well uh geminus done interviews of people from
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the area in the region that happened there and have to buy it survivor to tell us what has happened. and so the batteries or being in prison. in addition to that, there are journalists and other visitors to this area in 2017, and 18 actually what, what has happened in this region? so from that perspective, my client is that the expert reports and the research coming out of all by the personal experiences. there's also some pretty disturbing mind blowing reports about week is being sold on internet sites to factories across the country. i mean, how well documented all these reports from our discussions that we're in such
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a lot of leadership, right. so investor lives, part of a mission of, of about 300 different organizations, 7070. right? so when we speak them, they have family and relatives, and some of them were actually working in the summer class. so you know, my perspective is these accounts, you know, i definitely some to rely on at least have conversations about this. right? so you're fairly disturbed and taking them seriously. the us introduce a band on cotton. they seem to be disturbed by these sorts of reports to but despite that, we still seen exports double in the 1st quarter of 2021. why is that what's happening? yeah, i mean it's, it's puzzling to me, but i, i feel that at this point of time, a lot of companies just don't have
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a good understanding of the supply chain. they don't have a good understanding of what is going on in the region. you know, it is really just over the last year or more so my, my view is that companies are starting to be starting to find out more about their cheese and the action. so my hope is that this trend of trade as you increase of this region will at least stole a little bit. there are various things that are important in feature. a lot of the attention has been related to cotton and apparel products, but there are lots of other role materials. so maybe some, i don't believe other for example, a report just came out earlier this week relating to the solar sector and the still
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on. and it believe that, you know, the region that we're speaking up a week or region why? so is that reports coming out right now? i don't easy in this relevant industry has reacted to that. but i need to isn't just down to companies, perhaps not being fully aware of their supply chains. all is the incl in the trend that you mention of trade, the result of a pay off of the chinese backlash. i mean, we've seen some companies scrubbed language from their websites related to, you know, commitments on avoiding force, labor and so on and so forth. is that the backlash driving the trend? the other way, my hope is that it isn't. it's while we were very troubled by that response like companies to the backlash,
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we still see the majority of the company based on that particular backlash that have logic that still remains. the issues related or your organization has $160.00 institutional investors in its membership, right? you represent somebody might 5 trillion dollars in assets on the management wise. this issue becoming so important. do you think to investors invest in this that they don't stand the talk from the companies that you're invested in? they understand that same money would be invested in the company. well, maybe in human rights, it's something that they need to address. they want to ensure that where their investment needs it goes into businesses and, and with the trend, as we can see in the capital markets was stock and companies that dress up s,
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g risks, environment as social and governance risks. these are continue to be more and more investment at the investment community, how compromised the companies that manufacture their goods in china, to particular issues of false labor. and she jang, whether we're talking about apple or sony. oh wow. way dallow h. p like sexual is it possible to, to know how compromise they are with sure we call it the things young issue. all companies have the responsibility to understand that supply chain and that was being one of the things that has been quite alarming. actually. conversations, companies of the lack of understanding of their supply chain is really quite surprising. so i will say that need to understand why we need to have that in human rights due diligence, understand where and how the leaf are in their respective fact he's in supply
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facilities are, you know, where are they coming from? government mandated programs, other subsidies that suppliers from the chinese government in order to support systems that are placed in progressive regions. like all right, thanks so much nita good talking to you know, great thanks. thanks for having me on the the tourism industry has been the hardest hit by the pandemic due to travel restrictions, according to the united nations world tourism organization. there were 1000000000 few international arrivals in 2020. well that translates into a 74 percent slump from the previous year, making it the worst year on record. this compares with the 4 percent decline recorded during the 2009 global economic crisis. the collapse and international
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travel represents an estimated loss of $1.00 trillion dollars. the next port revenues more than 11 times the last recorded during the 2009 global economic crisis. the crisis has put between a 10120000000 direct tourism jobs at risk. many of them in small and medium sized enterprises, one against that backdrop one business traveler platform is flourishing. travel, poke, just raised, $160000000.00 in its latest round of funding. i'm delighted to say returning to the show is ivy. my co founder and ceo of travel while come back. i be the last time you're on counting the cost to talking to us about travel car doors ahead of the time. but when it was actually implemented 2020 those still a holiday year while your investors so confidence in a recovery. yeah,
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thank you. $500.00 on there and was happy to be. ready here the investors have seen 2 things that are important that the 1st one is that one of the clear understanding that we have up to 2020 is that the meetings that matter happen in person. and we see it as we want to go back to meeting our friends and family going holiday zone, but holidays and it's true also for business meetings, do business relationships and trusts that we create by meeting other people in person. so i think 2020, i'm just showing that deep truth about how we humans interact and talk to each other. this combined with the fact that we grew in 2020, transferred, and double the size in terms of customer base. in 2020, we didn't lay off our team, which is a very unique, an industry. we just kept going. we kept building a product and kept providing great service our customers. so we end up actually
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growing, doubling more size in 2020. so these 2 factors combined, i think attracted many investors, but doesn't that mean? i mean if people are meeting life, especially business travelers are meeting less face to face. doesn't that translate into or should translate into less business for you? yeah, i mean our sides relative to the market is still talking about the huge margaret treatment are globally mimic and i'm very confident that it goes back to this number in the next 2 years. so we're talking about a huge market and our sizes are granted to the market was the 1st month before the funding. so we have a lot of space to grow during it we acquired many customers. and in fact, if you look at the recovery now how, what are you doing differently from everybody else who's losing money? we have a great product. i think it's a key. we're, you know, using technology instead of only relying on human provided service,
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traditional legacy travel agents used to do the fact that we are technology company that we scale with technology and i think helps a lot in our, in our numbers. and also this is what customers are looking for, right. so a perfect storm of great product meets demand. you still need to travel even though a lot of essential trips will happening. and the travelers are looking for solution and they're finding topic. right. and we, we see some airlines dropping the price of business class travel. clearly they not so sure. corporations are going to be rushing back to in person meetings anytime soon. do you agree with that out? look. i don't, i think that some of the meetings and speaking with our customers, we start to very globally, more than 4000 companies, mostly in the us and in europe. and we're sticking with our customers. they tell us
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that maybe 2030 percent of the total budget is going to basically become as limiting. you know, it is necessary for day trips just for 30 minutes transaction. and i think i don't see an issue for this kind of meetings to remain on wherever. at the same time we have a new kind of strips that are emerging, for example, some distributed but remote teams that he's not transiting increasing safety with a customer. suddenly people never needed to travel like something, one of our product managers base to 3 hours away from head office or even in another country. and they need to travel to meet with our team. to john brainstorm to create something together. this kind of meetings have to up in person, so it compensates for the 2030 percent that will hopefully zooms. i think net net we're talking about the industry doesn't going to keep growing years to come out and you mentioned the market, then u. s. domestic bookings that almost back to pre covey levels. why is the
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us market a little different? shall we say, from the international flights market? our number is actually better than that, because we are growing company customers. we actually today double the size in us domestic travel. then we were in $2900.00 a month, like we are doubling our size in revenue compared to 19 at the moment and we still in the middle of crisis. the u. s. a different because of the vaccination and the fact that the countries big by talking about the single country where traditionally the less restriction to movement within the same state when states. and you combine with a great nation project. and this is what it looks like, right. and i think very soon it was him 7 years, for example, where the nation is fighting to pick it up. and hopefully we should also see, according to between the you can do us opening up very soon. so i think it's all about the vaccination. when though, let me get you to try and look into your crystal ball for us. when do we think
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international, the international flights market is going to be back to almost free covey levels? so i think for topic it's already happening globally, i think. and for the interest, you know, the whole nation is the case. and then also government isn't the restriction, but it seems to be sequenced 1st. and then there anything else my a crystal ball isn't yours, but i would say around the summer after the summer we start seeing more and more international problems that summer isn't too far away. it's nice to have a bit of optimism on the show, isn't it? well, we still have travel, car doors, and for how long do you think we think that the situation of uncertainty is going to stay with us for a while, which is why we acquired a company actually. and now we have a product on top of the saved, it provides the restriction in real time to our customers. so you know, if you needed that, if you need current d n, if you need to talk central credit cetera. and this ones are changing. ok for
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changing almost on a daily basis when countries and amber countries and all the stuff. so we are are one of our mission properties to provide this information to our customers in real time. because because of what i do and i think that's what i do, it is going to stay with us for a while, which is also why we need flexibility and the ability to change the trips, cancel them without a big fan of the possible. and these 2 requirements, 6 ability inflammation assist information real time are going to stay with us live . my prediction is more than 12 months. i've, it's been good talking to you. thanks so much. thank you very much. china sensors for 2011 to 2020 showed the population was growing at its lowest rate in decades. birth fell to just 12000000 last year. that's the lowest figures. sincerely, 900 sixty's and china was emerging from a catastrophic famine. well,
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across the pacific, the u. s. facility right for 2020 years dropped to a rec hold low of 1.64, roughly the rate in europe over the past 5 years. for decades the u. s. birth rate has helped propel growth with an aging population and fewer skilled workers industry is already gearing up to rollout. robots. none more so than the construction industry. in the survey of 1900 construction businesses in europe, north america and china 91 percent said they face as skills crisis over the next 10 years. 44 percent say they're struggling to recruit for construction jobs. now the company behind that survey is a b, b robotics. it's president, sammy, i'll join us now from london. good to have you with us. so there's a shortage of skilled workers in different industries, from ports to the construction businesses. why not just open up immigration
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and use skilled immigrants to fill the gaps rather than robots? well, there is a significant shortage in in europe. 200000 workers are missing in alona, india. you are in el paso. their eyes are also demands in the industry to increase productivity and also to have more sustainable way of building houses and commercial buildings. so the skill labor is, is one aspect of the total equation. but this industry will go through a significant transformation, like the motive industry went through 4050 years ago, where they started introducing in our optimization on how to mission. and when we asked 1900 construction companies, they said 81 percent of them said they wouldn't introduce robots and automation in the next decade. so what do you make then of some of those patients that say the
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robots and artificial intelligence are going to make some of the middle class jobs obsolete? is that going to cause massive unemployment and an implosion of the consumer economy as we know it? well, if you look at the statistics, the countries actually deploy and most of the robots which include south korea, germany, and japan, they have what we call above 300 robots, per $10000.00 workers, the average and the word is around 70. they actually enjoy the lowest unemployment rate and also the industries where we actually introduce robots, even customers. they enjoy growth and they deploy, actually more employees. the nature of job though will change over time. that is for sure. and that's why we have an obligation as a society and companies and the education system to, to invest in the risking of, of our fellow workers. can robots do everything, especially on a,
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on the building site, which is full of obstacles. how do you get a robot to deal with that? well that's, that's a very, very good question is a, you know, there are 2 parts of this industrial automation in construction. one is on site and the other's off side. most of the outer mation will happen off side, which is in the manufacturing. there's big trends towards more modular housing. so you basically cut the woods upfront. you design with digital tools like ours, roberts dude you upfront and then you ship it on site and then you bring the construction together. nevertheless, they've also ultimate and reservation having happen on side and that will be less the majority. but we have examples for a companies con scott that does these putting together the skeleton of the steel on side that used to be done actually on top of the building. and now
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it's done on the basement and it's used to take can crunch if about 116 hours for one ton and introduce robots. and now they're able to do it one hour for, for one time. so that's significant. change in this industry for all robots going to be made only for specific task, because that way we're going yes, robot can do repetitive dos, heavy load, what we call the dollar dollar dangerous and dirty jobs roberts can do. we expanding robots into more? what we call unstructured environment, see your point before when you are on the on, on side, on the premise. there's multiple things that, that are unpredictable. so that's where the robot needs to get advantage over time . so we adding vision system, but still there are many areas where the, the human in an unstructured environment will remain superior. that's why we seeing more and more of this collaborative robots,
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the robot does certain work that human can approach and, and slows down the robot. if necessary or its sides moving faster. so these are all technologies that be introducing with our collaborative robot that eases the work between humans and robot. this is interesting. so give us an idea once all the sorts of jobs, the repetitive, the dangerous jobs that we might see robots rather than humans clustered in. while, if you look at the automotive is a typical example where this, this tedious work is, is, is now handed over to talk about many of the call that would take welding. it's a dangerous job because it's heat and environment that is not suited well for humans. this is a typical job or a robot can, can do a we're working with schindler elevator. while we introduce a robot that actually can go up the whole shaft of the elevator, which is
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a quite dangerous work where humans actually less and less want to do, the robot goes up, scans the walls and sees were, what can drill holes and then goes step by step up and does the whole the whole shaft. so these are areas were, roberts, are better suited, reduces their the health risk for employees and also it's the productivity of or for the customers. oh, i think very interesting tilton too. thanks so much time for coming and sharing your thoughts. thank you. where my site all of us. and that's our show for this week is more for you online though without just 0 dot com slash ctc. that'll take you straight to our page, which has in kyra to catch up on that's it for this edition of counting the cost. i'm sammy's a van from the whole team here. thanks for joining us. can use and i'll just use ah,
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ah ah frank assessments that are local questions that the government maybe 11 exactly have. and what made of that taking what a situation might not ever get informed opinions is the us with thinking military positioning in the middle east. was it just simply a reorganizing military? this is a message to the reason that the united states is rethinking its military foster in depth analysis of the days global headlines inside story. on our jazeera, the world of high frequency share trading, exposed. i had this engine that was basically trading. i couldn't last $30000000.00 was a terrifying experience. artificial intelligence as rates for stakes and risks on
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the money markets, the markets go faster and faster. we're opening up the possibility for an instability, for no, no use of money bought. on our jesse i european diplomatic outrage grows off the better we divert an airliner, entertains and opposition activists. what's being condemned as piracy. ah, hello there, i'm the soviet hey and this is out of their life as well. so coming up, stepping up international efforts to end the violence between israel and the palestinians, talked about travel to the regents and make sure a fragile face via.

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