i think we used to think we had to be shoulder to shoulder with our boss or our lives revolved around the physical workspace to succeed today. 95 percent of my work is done from here at home. that provides more possibility for growth. we understand now we can't waste our time the world and must make the most of it for lofty goals in a country where old habits die hard. adam rainy al jazeera rome ah, good savvy with his hello, the headlines and i was 0 initial results from iran. the presidential election show hotline and abraham racy, well ahead. as expected, the 3 other candidates, civil ready congratulated the judiciary chief. the official final announcement is due some time on saturday at iran, foreign minister suggesting that an agreement to revive the nuclear deal could be reached before the current administration leaves office. there is

a good possibility that we will reach an agreement before the end of our tenure as as how soon. so we are supposed to leave our office by mid august, and i think there is a good possibility that we can reach an agreement way before mid others. the talks are going on right now as we speak. i just read the latest text editor that is being discussed in vienna. the text is getting cleaner and cleaner. the brackets are being removed. the un general assembly, as called on member states to hold the flow of weapons into the law. though non binding, the vote is another significant sign of global opposition to the john to cease power began to crack down that killed more than $800.00 people. they use top diplomats aspirated lebanese politicians for failing to forward. you capitalize a warning that the blog could impose sanctions on those responsible for the sale

made just to borrow, met president michelle. i wound to discuss lebanon's worsening economic crisis leaders of fail to form a functioning government since august. the chief editor and chief executive of a pro democracy newspaper in hong kong have been denied bail after appearing in court round law. and john came home, are accused of colluding with a foreign country. they were arrested at the offices of the apple daily on thursday, under the city sweeping national security law. the case is drawn international condemnation. the us military presence in the middle east, a shrinking further some equipment and hundreds of soldiers being pulled out. the pentagon confirmed reports that anti missile batteries are being removed from iraq, kuwait, jordan, and saudi arabia. it increased its military presence in the region as tension escalated with iran. others, the headline for these continues here to sierra after counting the cost next. the

whole parliamentary elections on june 21 more at stake than the result. the countries ranked my troubles at home and beyond its borders. can this vote set back on the road to peace and stability? ethiopia, monumental reelection on al jazeera. ah, hello, i'm. how am i in this is counting the cost on al jazeera. you're look at the world of business at economics. this week, china is aging population. the country will become the 1st nation in history to go before it becomes rich. have a political ideology, have failed the country. also this week, as the g 7, rehash climate change commitments to deliver $100000000000.00

a year to poorer nations. we take a look at how the financial industry is failing to live up to green ideals. despite massive investments in booth and real nice areas, business capital votes are still congested. we're moving to the water health, east traffic jams ah, well china status as the factory of the world is under threats. note from the united states, which along with its g 7 partners, is looking at ways to slow with economic dominance. but from an internal threats, a falling birth rates, demographics really matter. fewer babies been fewer workers to power factories and economic growth back in the 1980 japan was looking like it would overtake the united states to become the biggest economy. but that's whole fell apart. partly as it's working, popular mission began to shrink. well,

china looks likely to become the biggest economy by the end of the decades. holding on to that position could become challenging the fast rising india, which has no limits on the number of children. couples can have. beijing has lifted the child limits because they're only 12000000 births in china and 2020 than 18 percent annually. and the 4th street year of the coins becomes this population. currently, at 1400000000 is expected to peak by 2025. again, states wide range of economic and political dominance, it may come as a surprise that beijing is actively engaged in changing the demographic makeup of seed, young, which the united states is called genocide. it's birth control policies could carts up to 4500000 births as the weaker and other ethnic minorities in the region within 20 years. as, according to new analysis by respect to german research or adrian's ends. jetta

isn't alone in facing challenges. it's fallen birth rates, it's a similar picture in many developed countries, germany to south korea. and then i just states the population grew. it's slowest rates since the great depression in the last decade. and it's birth rate declined for the 6 straight year last year. but europe in the united states have to some extent, been able to cancer full and birth rates through immigration, with china tightening its security group on hong kong. immigration isn't much of an option for aging. so with fewer people entering the workforce, it means less taxes to look after the elderly, beijing's already looking at increasing the retirement age as katrina you reports of aging. one surely in is 44 and look forward to retiring at the age of 50. but she may need to wait a little longer. the chinese government is set to raise the age of retirement by at least 5 years. just one of the policy changes expected in response to the country's

rapidly aging society. to do that, i couldn't accept my retirement to being delayed much longer. i was very concerned why heard this news? according to the results of a once in a decade census, china's population is growing and growing at its slowest pace and decades. since 2010, it expanded by 5.38 percent to 1100000000 people falling short of the government target of one point for 2 adult say china is facing a demographic time bomb and the numbers may be lower than reported to what you do in the 98025000000 babies were born every year. last year the figure was 12000000. even if you believe this number is less than half of what the was, the workforce is declining quickly, and china is losing it and i'll make my policy. the population is expected to shrink as early as 2022. this will impact china's ability to compete with other

countries. and analysts say this could hom, china's economic growth be what it india. this will lead to the chinese economy losing its vitality. there is an aging problem with threat has not only china's economy, but his defense and foreign policy. previously, the chinese government predict the economy would be double in 2035. compare with 2020, but that will be mission impossible. now. china's labor 4th will lose an estimated $35000000.00 workers over the next 5 years. people are also living longer, putting immense pressure on china's pension and health system. almost 20 percent of the population of over the age of 60. china's aging prices with me was moving back right. families are having fewer children. why govern to boost the birth race by ending the one child policy? which means in 2014 liberty soon directed john moore was find more than 1000000 dollars for having 3 children. though these penalties no longer apply,

china's rising cost of living remains a barrier to families. many are unable to afford having more than one child. increasingly education, women are also putting off all for going having children over together, largely because of workplace discrimination. the real problem is actually the long term career. there is no really social arrangement or government support for women with children and how their career should be rebooted. the government is under pressure too bad and child limits altogether. some say it's too late. populations in china's northeast are already shrinking. beijing is focusing on what it says are positive changes, increased urbanized ation and high levels of education. it's dismissed claims. it's census biggest or an accurate one shred yet accepts that policy changes are coming . but hope's work is like her will end up better and not worse off. katrina, you al jazeera aging. right, let's get some analysis now with dr. lauren jones,

the research associates at so us china institute loan is also currently working on a world bank from the program about china's demographics or just the person. we need to speak to you about this. and 1st of all, what says do we mean when we say that china will get old before it gets rich and decent not claims stands up to scrutiny. hi, ala, thanks for having me. on the old before rich phrase care was arrived at in the 1980s because of the one child policy. china could extrapolate how or at least on average, how quickly the population would grow or decline over the next decade. and they realize there was absolutely no probable growth rate. that meant china's economy would become an industrialized and high income economy before the population aging process had begun. and before china's working age population began to shrink. and

so for years and years, china has been really worried that by getting old 1st, that will never get rich because they will need to reallocate money towards pension and health care without having yet reach the economic frontier. and you know, there be wage inflation. and so on. so you know, this, but is a problem the, the thing is there are some countries struggling under the weight of having a large share of old. and there are others that have managed to enter the high income country, even when they're all of our career mult, i think she may have fallen out again. so actually many countries today get rich off to their old, but you have to have the appropriate policy set. it's a, it's a very finally balance dynamic, isn't it? so do you think that the decision that china is taking night like 3 children rather

than the previous one or perhaps see it will not help the country or is it too little too late? it's definitely a marginal lives at a late stage of the demographic transition. which is the process of moving from high morbidity to low mobility and high fertility to low fertility. it depends what kind of ambition is. so china wants its population to continue growing rapidly, then, or start re growing rapidly, then yes, it's far too little too late. many people are not having one child, but certainly few having to and even fewer are having 3. so i think the 3 child policies ack, see more. so i'm, that china wants to give a small number of families the choice to have 3 if they want them. but it's not actually because china is seeking to recreate and to continue to have this very,

very large population and large population growth. so maybe they've even accepted that population declined for some period might be their future prospect. now we heard that report from our corresponded in beijing that some people simply don't want to have more than one child because we can't afford c r. do you think china should tackle that? they're going to need to offer a lot more than just tax cuts to get the, the numbers where they want them to be shaw chinese society is super competitive and very expensive and that's urban frontier today. so housing is, is expensive if you want to have even one child affording a house in a, in a major urban center, the big enough to have your one child plus possibly your parents at some point is incredibly expensive. learn to have a how big enough for 2 or 3 children. and then of course there's a lot of discrimination against mothers in the workplace. still. possibly the chinese government could help that by stepping into fund maternity leave,

rather than expecting companies to fund maternity leave, for example. and other reforms could include child care. for example, there's very little child care in cities. so again, unless you can afford the space to have your, your mother very close or you know, so on, then it can be expensive to take care of a child alone, 2 or 3. so subsidized child care would be another area that trying to kind of both health care is one aspect. but also we will need to take into account reforms to pensions and health care provision. because this is also a source of tension in the country. not least because of the different social structures within chinese society. what are your thoughts on that? definitely, there's a, an incredible amount of pension inequality. it is a many people would know pensioner or

a tiny me pension. and there's some typically state employees in the rich urban centers who have quite generous pensions, which some argue is compensation for them having accepted a lower wage during their lifetime. but the, the challenge for china is to sustain like, how can you have a fair pension system that's fair to the current old people, but also fair to the future of the country. because once you have, you know, 35 percent or so of your country in retirement, it becomes very, very difficult to be able to afford their pensions without derailing the whole economy. and so this is the balance and then you have the issue of inequality between pension is as well as between generations and so on. so there's really, there's a whole lot of faxes in this, in this story like super challenging to manage across generations. and between rich

and, and poor within china, dr. lauren johnson research associates at the source china institutes. thank you. thanks so much for having me. a holler of great talk to the the traffic problems in nigeria, the largest city have been growing as fast as this population where it goes, residence, described, long, uncomfortable, are sitting on the grid long roads. now the government's looking at waterways as a potential solution from lagos, adriece reports, investment bank, mikka, yoko, to la, move to league us from nigeria capital 4 months ago to foss struck a rise in korea. but she soon found she has to trade suddenly comforts of our previous office to realize her dream in nigeria as most popular city effects. as i add a lot, then i'm supposed to be also doing i me own. so most of the time i just consider myself the weekend is almost,

it's almost just with it's also due to flip it all off like millions of lakers residents, she must endure long hours in traffic getting to and from work experts say the city's population continues to grow faster than any other in the country. passenger safety is a concern, and that's pushing many residents to buy their own cause. with that, probably if that's what you said, that is reliable. that is what you said and then it will without that we will contribute to how traffic problems in they got it. well, as long as the population is high, last cost people are able to afford private cars that are more than 6000000 motor vehicle. yeah, they got a 50 or more than 20000000 people and that means traffic congestion, which perhaps what, not surprisingly, kind of a business. so the government here is invested in water front or you know, the time to take some of the pressure off the little i, the local jetty, isaac,

or we need to print 2 minutes to get to work by boat. that saved him 3 hours. if you were to take a bus on the normal day, all preferred in what way? you really got everybody's on the road. everybody's on us. so we live in the sub d call do i'm some. what i was privileged to be here despite the increasing number, taking boat, the gridlock on lagos, roads continue to defy solutions, lego stuff. it was so many stuck in traffic nigeria as 1st traffic radio station, tries to lighten the mood and provide regular update on congestion. was staff receiving information from offices on the road when you give us information on august 4th information. our job is to just release house to be forgiven. the power of reduce that is also interactivity as drivers and commuters calling to report

incident. businesses in the city continue to count losses and labor hours and revenue and with the population growing that our years nigeria commercial capital may soon reach breaking point. i'm a decrease, i'll just say to lagos, nigeria, and the growing number of financial institutions is settings 0 emissions to gets for their own businesses. the majority of banks, insurers and asset managers are failing to apply the same scrutiny to greenhouse gas emissions of their portfolio, as, according to research by environmental consultancy cd pay, which says greenhouse gas emissions for may financial institutions. portfolio are on average $700.00 times greater than their own on the hassle of the schools and financial institutions. and only 27 percent of insurers are taking action to align their portfolios to well below 2 degrees celsius. the consensus agreed long

scientists to limit climate change and according to coalition of non governmental agencies, the biggest 60 banks provided $3.00 trillion dollars, a financing for fossil fuel companies since the paris climate deal in 2015. well, at some pack, all the numbers with emily crept the global director of capital markets at cdp. and emily, joseph nye from new york. just 1st of all, why are fine on shall institution spending a lot of their time and money greening their credentials. but failing to tackle their client's portfolio with why is this? well, good morning. hello, and thank you so much for having me. i think from a financial institutions perspective, the, it's easier to start addressing the positive and the opportunity side of the financial institutions. but as they start to understand the impact their portfolios and how investors in the market will measure that impact, they're starting to look at how they measure their financed emissions. the impact

that they have of financing other companies. is it easier to divest than to challenge companies that are slow and moving along the climate track? well, it may be easier to divest, but it's really a risk transfer issue. and one of the concerns that we had as an environmental on profit is really to say, how does that risk transfer? and even if $11.00 bank were to divest their exposure, there will be someone else to pick it up. and so as we look at this from a planetary boundaries perspective, that divestment doesn't achieve what we need to with the paris agreement. so as a bank, if you look at a purely financial terms, as a bank looks to die best, that's a risk transfer both from a business risk and a physical risk transfer that should arguably put be put into the price. and i think that we won't be a stop it from an activism perspective in terms of chasing those assets and ensuring that they really are transitioning so that we need to get to one and a half degree warming scenario by 2015. i've been having some success stories,

notably head on the engine number one. they've taken 3 board seats. so an excellence boards. do you think this is a sign of things to come? are we likely to see more activist funds and are polluters on notice? i think we are, so it's c d p we're, we're an environmental nonprofit that runs a global environmental disclosure platform for the past 20 years. one of the 1st questions we've been asking for 20 years of any company that discloses to us is what the board oversight board governance is on environmental issues. and what's very interesting, and you'll see it in the report is a number of financial institutions. i'll talk about the board oversight, but then the question is, are the boards moving fast enough? one of the interesting things about the exxon case is that not only have we seen shareholders step up because they themselves, that made commitments to ensuring that they're getting both the information and the action that they need from the companies. but also we've seen the banks themselves saying we need to understand what the impact is that we're financing,

and we need to make sure that there are credible members of the board who are having good oversight. so i do not expect this trend to, to bait anytime soon. i know when it comes to likes of shell, they're particularly keens, all fluids, their nigerian oil assets and they're all reports that they're getting ready to sell some of their us oil producing assets. do you think that's a good thing because when these oil assets are in, private hands are no longer being scrutinized by shareholders? environmentalists? well, actually, i disagree. i think that even if the assets do transfer into private him, that we do have a community of that tactically, observant shareholders. and in watchdog too, will continue to look after these assets as they move from hand to hand. so i can't speak very specifically to, to show strategy here, but i think that even as they think about risk transfer,

that that risk transfer will, will also be followed from a, an environmental accounting. now we're just coming off the back of the, the g 7 summit. it would be you think of what k nice if that that summits in particular, this re hashed re package commitments from the g 7 to provide $100000000000.00 a year is a poorer nations? well, i think it's, it's really important for us to, to have an equitable approach to, to supporting a transition to a low carbon economy. now what we're seeing, as is we focused on from a forward looking perspective, is that we need to transition. so this isn't just about the companies that are currently high letters or low emitters, but we need to put in place the infrastructure, the, the processes and ideally invest in the solutions to, to transfer to, to a low carbon emission. so when we see the developing countries, the developed countries, part me step up to put more money at work,

it's encouraging. but the question really comment cop 26 and glasgow this this fall it to see is this really going to result in further commitments from both the developed and developing world fascinating stuff. we keep a very close eye on that. of course. different emily crept school director of capital markets at cdp. thank you so much for your thoughts, your analysis. thank you for having me. i turkey is hoping to reserve or recover this summer. it's been removed from germany's list of high risk destinations, but others like the u. k and russia are so advising against visiting the country and of course the other reports for stumble. sir balter runs a chain of small hotels in a almost historic sort that up at district, like many others here. he's preparing to reopen after a 15 month on closure because if depend on the current a virus called taurus,

numbers and revenue to slump by 2 thirds last year. and the government is that vaccinating tours on workers and a set tract at least $30000000.00 visitors. this year and revenue of $23000000000.00. but sir, dar and other operators say that's too optimistic. of course we don't way to big potential about request. actually. if we start with exceptions for 3540 percent to bonuses and the target is to know the profit actually, but another minus and off to mount will with it goods for the next months, joe was ganga re partially reopen his restaurant a week ago. i mean, it is, but this by some financial support from the government, he's struggling to keep going by trying to choke us. yet if there are very

few tourist now, it's very quiet during the week and just a bit lively on weekends. it's not satisfying. we've been spending out of pocket the last one and a half years. the thing theresa coming today, this or that week, i didn't see better days. we worn out on the many are looking 7 cancelled following an increase in 19 infections and total loss. small and travel warning. the elijah family from the united things had planned to visit an april, but postponed the trip for a month. you took turkey imposing, good luck on. they say they visit, it's been worth it for us. it's good enough. it's not empty to feel like we're isn't. and it's not over to crowded to feel, to feel scared, the presence of a fire. don't say some countries restrictions on travel to turkey or political. the country's main source of visitors. russia has halted flights,

and turkey is also on britons travel read list solutions with moscow has sword after anchor, discuss military support with give over a build up, a fresh military forces on the border with the grain. and the enter key are also at odds over oil and gas exploration. in the eastern mediterranean, russia is expected to resume like the turkey in late june. an uncle expects a similar move by britain after a native summit on june 14th gillem, g, a political pensions. it's still want to be certain, it can reach a goal of 30000000 visitors. seen i'm castillo, l 0 sample about is our show for this week. and it's more for you online. i'll just have a dot com slash ctc that will take you straight to the page. entire episode to catch up on that for this edition. all kinds, of course, on home you seen from the whole team for joining us use on how to hear

the in the next episode of science in a golden age, i'll be exploring the contributions made by scholars during the medieval slamming period in the field of chemistry they transformed the superstition of alchemy into the science of chemistry. many of his chemical procedures are those which make that today. oh wow. science and a golden age with professor jim mclean. and i'll just 0. we understand the differences and similarities of culture across the world that might have when you call home will be used in current. does that matter to you? a global pandemic, social unrest, a world under locked down, brought to a need by the buyer. but now we have a window to like the path to

a brighter future. coming to you live from doha. we bring together leaders from all corners of the globe, and across all sector sized chalk away out of the join at the top, you can on the forums powered by blue. ah, this is al jazeera ah $10.00 gmc here on out of the ra hello. come all santa maria, welcome to the news our the hotline at abraham are you see is well ahead in around the presidential election to 3rd, the votes based on initial result. meanwhile, the wrong foreign minister is suggesting an agreement to revive the new pay deal could be reached before the current administration. they often.