tv [untitled] June 8, 2021 8:30am-9:00am +03
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on social media as a for all to see, but in marketing terms, this could be a victory for the founder of amazon. question is, what will ill on must do to top his rivals late, his move. no one knows, but the world is watching. and the gala caroll, this era, miami, florida, ah, this is all, these are the top stories, the vice president come on. harris has warned my going from central america considering traveling to the us not to come read guatemala president and other leaders to discuss the increase in migration. next stop is mexico company. alcott has more from guatemala capital. there is an acknowledgement from common le harris and she spoke alongside the guatemala president at the national palace that she believe. the reason people are making the desperate journey is because they feel they need to play harm or they can't satisfy basic needs. and that's why both
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leaders worked and in their bilateral meeting to stuff how they believe that they can encourage people to stay where they are in their homeland. they announce that there would be an effort to combat not only human trafficking is smuggling, but also the corruption that many are facing. that is really hurting their economic opportunity. the us justice department says it's recovered more than half of a ransom that was paid to hackers who attacked the country's largest fuel pipeline . last month, it sees more than $2000000.00 in bitcoin, from an account used by a group of hackers based in russia. not 5 of exactly colonial pipeline disrupted supplies along the east coast. china top legislative body is examining a bill to protect chinese companies from foreign sanctions. after us president jo by an expanded trump era, restrictions on american investments in stockton chinese firms with alleged ties to the military. us regulators have approved
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a new drug for people with alzheimer's left despite and advisory committee concluding, there's not enough evidence to support its effectiveness. it's the 1st outside was drunk, to be approved in nearly 20 years. and whenever a peruse presidential election run off remains unfair with both candidates, neck and neck, left his candidate pedal kasteel edge ahead of conservative cake for the morning. as more votes come in from rural areas, leasing the canadian province of ontario, calling the death of a muslim family, a hate crime. the driver of a pickup truck ran over 5 pedestrians in the city of london, killing 3 generations of the same family. a 20 year old man has been arrested and charged. those are the headlines. these continues here and all the 0 after counting the cost, goodbye. you can watch or english streaming live, and i do see channels plus thousands of off programs. award winning documentaries and new support the subscribe to you choose dot com. forward slash al
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jazeera english. i lose . hello, i'm sammy's a dan. this is counting the car and al jazeera look at the world of business and economics. this week i've kind of stands warren, economy gives way to more insecurity. the u. s. with rules troops, taliban increases its control. where did the billions of international a go? also this week sanctioned by the us, these ready been making billions in the democratic republic of congo and the cold. so the government to take action to make sure the country and the people benefit from its mineral wealth and black wednesday the day to multi 1000000000
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dollar oil giants was humbled by environmental and shareholder activists. is big oil finally been brought to heal. ah, after almost 2 decades and 2 trillion dollars, the united states is ending its war in afghanistan. washington is leaving with very little to show for the billions spent on fostering peace and reconstruction. for i've got to stand the consequences a far greater. the economy has been hawks on the billions and military spending and international aid that's harley bond is already exerting control in many areas outside the capital. according to the un, it managed to raise as much as one of the half $1000000000.00 from taxes. the drugs trade and exports of golden, rarer minerals. it's whole is 25 percent of the government's budget. about 80
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percent of the government's budget is funded by foreign donors. the world bank says international development day 2, i've can, the dan has slumped from $6700000000.00 in 2011 to $4200000000.00 in 2019. and it's expected to full further have can stand poverty rate has worse and noticeably rising to 72 percent in 2020. well, that's out from 55 percent a year earlier. meanwhile, unemployment, it's up to nearly 40 percent in 2020 up from around 24 percent in 2019 al jazeera is fairly o'connor for he has more from cobble the life that existed at this warehouse with trucks transporting goods to foreign, military bases across again is down, is gone. this local company has been supporting international troops for more than 15 years and was providing an income for more than a 1000 african families. only
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a handful of employees remain. they will also be jobless in days, when the company shuts down completely, the owner does not want to be identified for fear of attacks after working with foreign troops. has very so i, when i see this one, it brings tears to my eyes. i'm not sure that employee of mine who was getting his paycheck when it was leased to go home. and i also had shops in the market that he used to go in and take some dry food food for like rice and beans and all that for the families. if i don't have the operation, i cannot support him. not because totally because of my situation by the support i was giving to the community for the people. the company owner says once there were more than $22000.00 african companies like his contributing millions to the local
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economy. most he says, have closed or are in the process of shutting down. during the peak of the war in 2011, there were about 140000 nato troops and about 800 foreign military bases across of ghana. stan, thousands more afghans had been directly employed as translators, labors and cleaners. business connected to the international military presence has decreased dramatically since 2014, when they don't ended, it's compet commission enough gonna stand. the departure of the last foreign troops by september will be the final blow to thousands more afghans who depended on them for a living. the bush buzzer in cobble name after the u. s. president who started the war, is a shadow of its former self. it once had close to a 1000 stalls, most a wash with original american goods destined for us troops station here. now it's
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flooded with cheap imitations and items i barely anyone buys. i was ora i call land cut off for the after 2018. the business became ruined and right now there is no business at all when i am looking to pack my things because i'm an old man and being a shopkeeper, it's difficult for me, and there is nothing for me to sell the pull out of all foreign troops couldn't come at a worse time for again, as stands, economy. so time of move that committee says there's one way to replace with the foreign presence has been contributing to the african economy of us on has lots $1000000000.00 untouched economic resources. but again, that requires like have the $1000000000.00 investment to make sure that that's been effectively utilized. and it's been brought into economic cycle. and again, as i said like that would be impossible what the, what don't like these huge foreign direct investment. now if you put it into the problem, was that upon a son,
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i see the chance for you slam. why would people take that money and coming to avant us on an invested there where there is no guarantee? what is going to happen tomorrow? and finding ways to financially sustain itself will be $1.00 of the many challenges of ganawe's done faces as the last 4 in troops leave this vast nation that's been in conflict for decades. filial contra, 40 al jazeera. cobble. let's get more analysis now with my mood, mary, who just saw in that report a few moments ago. my mood is a senior lecture at the master of business administration program at cardon university. good to have you with us. so what will drive the ask and economy math mood once the us pulls out once international, a decreases sooner or later, we knew that the international orange national partners, including the us, will leave with us from now. and we also, it wouldn't be like,
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it is important to also mentioned to the international community, including the u. s. had a lot of sacrifices, you know, when it comes to like putting money in a policy on. and that has been a lot of relatively much better, you know, make progress like when you see the country back in 2001. but despite those progress, so the economy low. so bleak, not the big question is like what happens when the, the americans as well as the lines of deliver on the funds from suffolk and my pocket? nope, we don't expect any kind of for magical solution from inside because on the phone, if you see the current economic condition of the sun wouldn't be in a position to immediately substitute the the amount of money that the foreigners used to or, and, and on the phone, we don't have kind of like an immediate, immediate kind of an in house arrangements for dot, but there are some up in the longer like if the piece lewis station where the
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telephone and all other insurgents goes. well, that is the hope that you know some sectors and hundreds from including the findings like that or no one us on that promise, like a better combo chicken nomic opportunity to sort of the country. but in the beginning, when do you know there's a lot of hope there in the sentence that you're using, you know, let's hope. but what does the us in the international, the have to show for the billions they spent one or one other said in the beginning, i think there is, there is progress. but in terms of economic development, there are some tangible outcomes that you can. so talk about like, see that is a little bit improvement and infrastructure and soft school has been have been better than a 100 songs of the road. so you know, is relatively better. no, no one has the membership of some of the regional as well. i didn't trade commissions and organizations. what about the issue of corruption math mood,
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which is, i mean, it's been pointed to in official, some of the official us reports over the years. if you put it into economic funds. that is because of corruption of us on has lawson is so losing millions and millions of revenue for revenue. that is, that is a fell high effect declination. and the custom processes on, on the government is still not fully cut me off like collecting all those money from the formal sectors and, and if you, if you seen a brother sounds like, you know, on us, on the so like the tax like we have the 2 title taxes, it's one is the official taxes where the government important from the businesses. but then we have the fisher factors which has been employed by the it's all about seeing the process for a business man has to pay like 2 different institutions. and at the same time, right? so in addition to production,
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like just an official talks of royalty summary in the provinces, in the us, in the district level, these are all elements. i think that, you know, that has led upon us into huge physical difference or, or to, to what extent are africana stands mineral deposits still the potential backbone of postwar economy? i think 11 sector that all we all are always speak about is the binding sector. and of course, that is so like, you know, 1000000000 water goes on touch mineral sources, take big sample of the item to cooperate. cold. you know, some small scale, some mining has been done in the us on but, but as i said before, because of the security and ease of fully government defense and in due process does not like contribute the where to have contribute to job and economies. the very think company is going to be willing to put capital into an environment as you've described it. it's got multiple challenges, show
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a site for it optimistically not just in security, but the double taxation issue mentioned the corruption and so on so forth. i think if you feed the history and the common practice from the mining specter some of the minute and just reflecting, they will not come for the verge of the conflict. so they used to like in listening in the conflict zones, to check the sample of fasick and region. you know, so dad used to be like active for investors during the summer was one of the, the during the insecurity. and in a lot of fun, i think there is like, if you take the to see like the last 10 years, despite like huge insecurity in the, in the process. that is, that is still ongoing binding mining in a phone, which is not in a very large level of course, but even if you feel like all those small skills binding into one on across the ones that are still are logged into
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a promise on judy be now it will tell you why hasn't china developed any of its confessions? if you take the example of the sort of direct ruthless and more specifically the example of china. i think china as long as they're in a long on, you know, helping out general investing in the mining sector. but it's a very large scale project which is the proper binding, you know, instruction and a wonderful that's been put off for some reason. so of course, the reason a security bucks, but do you want the last 10 years the used to bring in china has shown it's like expensive interest in investing in the coal sector. last week, the chinese delegation was and then they have the meeting with our president discussion of like the 300 millions of possibilities for investment in the cold, cold sector. what's your, what's your, what's acting it's, it's a, it's a good news for now. but as i said, like we weren't,
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we're not going to change. if you see the answer, the, that the size of the mining and on the phone, i think it will be like just the chinese coming and so on the function now we conflict the binding is solid, like we have the iranian, as well as the budget funding assaults they're, they're, they're, they're helping out going there and whistling in some bindings, but not in all just due to the security. but in some provinces we have the security is relatively better including couple more that's mary. thank you very much. thank you for having me. the now the democratic republic of congo is a result rich nation with an estimated $24.00 trillion dollars in oil, gas and minerals. but it's been poorly served by european colonists, a. u. s. russia, cold war and dictatorships in 2018. it was estimated that 73
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percent of the congress population lived on less than $1.90 a day. that's the international poverty, right. so shocking to realize the country is still being exploited. a coalition of congo leaves and international organizations urge the government to review the deals with israeli. billy and dan, good luck. they say the d. c could lose out $3700000000.00 in revenue because of deals struck with gutless mining operations. it's worth mentioning gertley has been sanctioned by the us for a legit corruption and struck the deal with his close friend the former president of congo. so let's get into the stand and it's worth mentioning that gertley has denied all wrong doing and is never actually been charged with a crime. with joining us via skype from kinshasa is jimmy can day. he's president of eunice and the member of the coalition, congo is not for sale. good to have you with us. so jimmy explained to us 1st how
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the gut build and own this multi $1000000000.00 empire in the country need to get we was very close to the freight and then taking advantage of the setting on my end goal session, the government decided to say to mr. goodner, mining st. paul, you know down the pricing and that's why me to get to their school board today and in a minute session to go to man and starting in august, we've no market price editing. be really you said we're in the fall break. you're in color. ok and i should point out of course i got that denies any charges. all the allegations of wrongdoing is. ready the difference between those knocked down prices and the market price does not explain the revenue,
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which is way in excess of industry standards or all of the other things going on demand because they know down pricing for you. i can give you an example, or you can write them or know that when they go them and decide to say, 1000000 bro here or full day. so i'm going to need to get or we've, the price was $500000.00. plan needs to be tied into to roll to the government. me. so we've $150000000.00. can you imagine to be friends? so we are thinking that the men or even better can explain that be really new to me . so guess, learn when you're in call in because of the pricing one, can the current government do then after 2018, we have
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a new president and de, pointing to the person now in time for the ultimate tool to set up some still simple writing to make an evaluation or oracle right off guard. but are you concerned that this goes down the route of now investigation and justice could get dragged out in international court? good luck could take this to the international venue and end up being compensated billions more in dollars saying on the basis like hey, i had a contract. whether you think the price. i was given the goods that was with fair or not. i had a contract, it's being violated. now. i shouldn't be able to know that i don't feel international call. i'm gonna save today due to the fact that we are here in colo, but everybody will come as we invest the money to respect. the call is low.
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now we can find the price of me. so get to learn more, some minor mining calls in call or during the lien. there is the relation between lar, with our bodies and that can saw us. there are some faculty corruptions between don goes lar and their farm appraised days and day off the meetings. and i think that there is more investigation now in the war, mr. don guess we've gone by me now they are investigating in the united kingdom in switzerland, missile down. you're going to go to the international court because, you know, that's because rules more money going. dearth. what do you have to do now? you've got centers, whatever it is, we've gotten to know what would be the best solution for everybody. and i feel like,
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what do you lose more money now? and it's not time for me to to, to try to go to the international call for some guy. because you're going to lose money because most people are trying to sort out me some good or you bribery to some putting your income or for everything. so i'm going to i thank you so much. good to get your thoughts on that. thank you so much. now back in december, hedge fund engine number one was the 0.02 percent stake in oil giant. excellent. for about $40000000.00. nothing unusual there. but this activist fund had broader aspirations beyond making a profit. wanted exit to change its ways and invest in more green energy. excellence, chief executive daren woods, had less ambitious plans will last weekend. number one caused a huge rupture on wall street by convincing shareholders to give it 3 seats on
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exxon's board. if that wasn't such a massive win for environmentalists, a dutch court ordered shell to cut its emissions by 45 percent from 2019 levels. by the end of this decade. or that's double what shall had planned to deliver. joining us via skype from amsterdam is a feared the cone. she's a climate justice expert greenpeace netherlands. so i feel 1st of all, why was this such a huge victory? well, it was the 1st time in the history that a court ordered a big for to few company and to reduce its c o 2 emissions and decided to do so because, well, show is one of the biggest polluters in the worlds. it's him, it's more than 9 times as much to as another one says, which is causing dangerous climate change. and that actually has
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a massive effect on human rights in the whole world. and therefore, the court said, this is no longer possible. you have to cut down your c o 2 emissions. do you think this is going to spur many more cases around the world, particularly in the us? this is fantastic news for the world and all of its inhabitants, and i think it, yes, it will. certain they spike new litigation. of course, the netherlands is a different jurisdiction than other countries. but there are underlying principles that can be used in other jurisdictions as well. so firstly, there is the court based decision on science. and science says that we have to limit global warming to one and a half degrees. otherwise we face very serious consequences. and this is something that fossil fuel companies will need to abide by. and secondly, the court said that businesses specially these very big few companies have human rights obligations. they have the obligation to cut back their c,
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u 2 emissions because otherwise it's dangerous for human rights. so they have human rights obligations independent of states. and they cannot put this on consumers. so this is the 1st time we've seen that communities and lawyers can hold multi nationals accountable. and i expect that this will be happening all over the world . now this is one shell thing. let's, let's look at their argument. they're saying, look, then the way they can hit absolute targets is not by reducing emissions and keeping the business at the same level. but by actually downsizing the business, do you think this is simply going to lead to shall, setting off some of its businesses. to me that sounds a bit like you're being told to lose weights and your solution is to cost of an arm . and what we actually need from show is to take responsibility leaf, also few in the grounds and start taking a completely different course. start taking different decisions sides, caring for the planets. start investing in those solutions that we really need and,
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and also changing that that may be, you know, what you would like to see, but is it what will actually happen? is it what is actually happening? some like point to be p selling off. it's a lot going operations to a private company that, of course, isn't answerable to shareholders in the emissions kind of beyond public curse crews in the public high. well, this the, the 1st court that has given this kind of judgement, but we expect that the whole world to do this. and because companies cannot lag behind, all countries in the world will need to say set to regulate companies. so this might be the 1st country in the world to start doing this through its course, but it's definitely not the last one. and we've seen that the companies have human rights obligations. and that means that all companies in the whole world have human rights obligations. so that means that there shouldn't be any space for companies
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to keep digging up these fossil fuel, fossil fuels, and threats, and our livelihoods. if they do offload some of their businesses gets hurt, the shareholders, the funds pensioners let's 1st make clear that show has known the impact of its work work for over 60 years. and they've had many, many chances to change. there have been so many communities that have indicated how dangerous the work is that they are doing. but instead of that, they actually put millions of, of euros and dollars into lobbying against effective climate policies. and they kept making a lot of work. a lot of money off of polluting the world. and so i actually think that people and also for example, pensions are better off with this decision. and because it's, it's irresponsible investments. it goes against the science that goes against the
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decisions that we need to be taking in the investments that need to be taken better actually in the, in the short run. but also in the long run will make us more money because it's actually dangerous to keep investing in a sector that is, is doomed. there will be no money in this. and we actually also know that pension funds don't need to be investing in fossil fuels. they can actually do that because there's plenty of green solutions that can provide the basis for solid investments that could create a sustainable future. all right, and good to get your thoughts on that. thanks so much. i feel thank you. and that's our show for this week. the more for you online of al jazeera dot com slash ccc, that'll take you straight to our page, which has been pirate to catch up on. i'm sammy's a dan from the whole team here on currently the costs. thanks for joining us. the
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news and algebra is next, ah, living in a war zone is a risk not worth taking for most. but for a 10 year old boy, there is nowhere else to go. in the absence of his parents, his grandmother dedicates herself to his upbringing. never knowing whether the next explosion or echo one step closer to the place they call home the distant barking of dogs. a witness documentary on al jazeera, the demand for low price. clover is accelerating at high speed. that's absolutely great by 2030, the industry will expand by an additional 60 percent. i'll just take a detailed look at disposal fashion. we handle our exposing the hidden human and environmental costs way with the company give free.
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wanted to you never know about it, said boss fashion, all knowledge of the, of me know that isn't until her the top stories on august 0, peruse, writes were presidential candidate tackle for the morning has raised allegations of irregularities and the countries close 40 election. i left a dr. appraisal for seal is edging a head to foot. marie has more votes come in from rural areas. it was balance tend to favor custodial, but the 2 candidates are almost neck and neck. body on the sunset has more now from the they don't see your is getting this rural vote. people have voted.
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