and all of the border wall contracts or the contracts to build or rebuild parts of the border wall that were central to the immigration policies of former president donald trump. but on the other hand, in recent weeks and days really, the very conservative republican governor of the state of texas has basically been saying that he wants to give money to rebuild part of the wall in texas. he's also been speaking a lot of anti immigrant rhetoric. ah, type of quick check of a headlines here on 0. iraq conservatives on set to consolidate their grip on power off to hotline or abraham bracy was declared. we know friday's presidential election. the u. s. says iranians were denied a free and fair vote, but pledge to continue talk to save the 2015 nuclear deal and to government protest as of rallied in cities across brazil and the number of deaths from corona virus,

past half a 1000000. opponents blame the world's 2nd deadliest outbreak on the response of president both and wrote, monica yakima has more from rio de janeiro. they're asking for both, so not of impeachment. also, they are blaming him for the half a 1000000 deaths by coven 19, because he has downplayed the virus. he scorned the mask every time he could, he scorned social, distancing he delayed the vaccine, roll out this in the country like brazil that has the capacity. the manpower and the installations to produce vaccines unusually has been very good about bringing about mass vaccination. and this did not happen this time because there was no national plan armenian said to the pole shortly for us not parliamentary elections . prime minister nicole passion yon was forced to call an early vote following protests over the defeat and the war with the bazaar last year. unless some

predicting a tight race rival demonstrations have been held for the 2 candidates and peruse disputed presidential election. socialists contend the federal castillo as claim victory in this months run off. but right when opponent keiko for more ways, refusing to concede defeat alleging fraud, the world health organization has announced the end of any bota outbreak that started in se guinea. in february, 12 of the 16 people infected of died. but the w h o says lessons learned from a previous outbreak meant the latest was contained quickly. and dozens of families separated by the us mexico border had been given a chance to hug each other, but just a few minutes. the hugs not was event reunites families separated by immigration status, allowing them to physically embrace the return to their side of the board. so those were the headlines. the news continues here on our to 0. after accounting, the cost schedule that's watching. no place inside gone was se

press retreated to the car about a media hub and vital vantage point. during the 1st truly televised war from the roof, we could see the declaration at the american embassy, where the most iconic images of the conflict of vietnam were transmitted. to the world, this was the front row seat to the final stages of the war, saigon, caravel, a new episode of war hotels 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 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 has the g 7, rehash climate change commitment 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 rail and nigeria as business capital both are still congested. we're moving to the water health. each traffic jams who's trying to states is the factory of the world's is on just 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 rate demographics really matter. fewer babies been fewer workers to power factories and economic growth. back 1980 japan was looking like it would

overtake the united states to become the biggest economy. but that's all fell apart . partly as it's working population 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 there are only 12000000 births in china and 2020 than 18 percent annually. and the 4th street year of the coins becomes a population currently at 1400000000 is expected to peak by 2025. again, states wide range of economic and political dominance 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 researcher, 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. in the united states, the population grew at slowest rates since the great depression in the last decades . and its 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 it is $44.00 and look forward to retiring at the age of 50. but she may need

to wait a little longer. the chinese government is said to raise the age of retirement by at least 5 years. just one of the policy changes expected in response to the countries rapidly aging society. to do that, i couldn't accept in my retirement of 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 lowest pace and decades since 2010 . it expired by 5.38 percent to $1.00. 1000000000 people falling short of the government target of 1.4 to abilene. say china is facing a demographic time bomb and the numbers may be lower than reported to what you do. you know, in the 198025000000 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 is economic vitality. 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 harm china's economic growth be to go with it india. this will lead to the chinese economy. losing is 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 compared 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 aging crisis. with me, we're moving that right. families are having fewer children, like government to boot the bus race by ending the one child policy, which feeds in 2014 liberty soon directed young moore was find more than

$1000000.00 for having 3 children. though these penalties no longer apply, china's rising cost of living remains of barrier families. many are unable to afford having more than one child. increasingly education, women are also putting off or foregoing having children 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 urban is ation and high levels of education . it's dismissed. claims at census biggest are an accurate, won't read yet except that policy changes are coming. but hope's work is like her

wound up better and not worse off. katrina, you al jazeera aging. right, let's get some analysis now with dr. lauren jones, the research associate at so us china institute loans also currently working on a world bank funded program about china's demographics. so 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 recent claim stands up? discrete city. 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, you know, 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 pensions 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 old savalst 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's 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 live at a late stage of the demographic transition, which is the process of moving from high morbidity to low mobility and high facility 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 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 to be. shaw chinese society is super competitive and very expensive and urban frontier today. so housing is, is expensive if you want to have even one child affording a house and in a major urban center the big enough to have your one child plus possibly your parents at some point is incredibly expensive. lead. 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 subsidize child care would be another area that trying to kind of both well, health care is one aspect, but also we will meet taking 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 with no pension or a tiny mizo 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 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 institute. thank you. thanks so much for having me. a holler of great talk to me. the topic 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, mccardie quarter le moved to league us from nigeria se capital foreman's ago to foss truck 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, i had

a lot then i'm supposed to be considering me own. so most of the time i just consider myself the weekend is almost, it's almost just with this saturday to flip it or not 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. without probably what you said, that is reliable that you saw what you said and then it will without that we will continue to help drop the problem 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. mega 50 of more than 20000000 people. and that means traffic

congestion with perhaps what not surprisingly, can affect business. so the government here is investing in waterfront or in attempt to take some of the pressure off the little i de luca jetty, isaac albany, took print 2 minutes to get to work by boat. that saved him 3 hours. if you were to take a bus on a normal day out for 30, or that way, you will see everybody's on the road. everybody's on us. so we living above the core, do some what you are privileged to be had this by the increasing number, taking boat, the gridlock on lagos, roads continue to defy solutions, legal stuff. it was so many stuck in traffic nigeria as 1st traffic radio station, tries to lighten the mood and provide regular updates on congestion. was staff receiving information from offices on the road when they give us information on

august 14th for me, sean, our job is to go so really house to be forgiving. the power reduce that is also interactivity as drivers and commuters calling to report incident. businesses in the city continue to count losses in labor hours and revenue. and with the population growing that appears. nigeria, commercial capital may soon reach breaking point degrees, algebra, lagos, nigeria, and the growing number of financial institutions is settings 0 emissions, ta gets their own businesses. the majority of banks, insures and asset managers, are failing to apply the same scarcity to greenhouse gas emissions of their portfolio. that's according to research by environmental consultancy cd pay, which says greenhouse gas emissions from a financial institutions portfolio. our own average $700.00 times greater than their own on the hassle 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 have provided $3.00 trillion dollars, a financing for fossil fuel companies since the paris climate deal in 2015. let sun pack all the numbers with emily crept the global director of capital markets at cdp and emily choices now from new york. just 1st of all, why our financial institutions spending a lot of their time and money of greening their credentials. but failing to tackle their client's portfolio is why is this? well, good morning. hello. 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 the 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 have is environmental on profit is really to say, how does that risk transfer? and even if 11 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 paras 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 will see a stop it from an activist perspective in terms of chasing those assets and

ensuring that they really are transitioning so that we need to get to a one and a half degree warming scenario by 2015. i've been having some success stories new to please head on the engine number one. they've taken 3 board seats. so an excellence at boards. do you think this is a sign of things to come? are we likely to see more activist funds and or polluters on notice? i think we are so it's cdp were, were 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 of board governance is on environmental issues. and what's very interesting, and you'll see 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 the 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 like the shale, they're particularly keens, offloads, 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 or 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 hastily observant shareholders and watchdogs, who 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 perspective. now we're just coming off the back of the, the g 7 summit. wouldn't you think of what k nice if that, that summits in particular, this re hashed to be packaged commitments from the g 7 to provide $100000000000.00 a year's 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 focus 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 may step up to put more money at work, it's encouraging. but the question really comment cup 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, at emily craft 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 still advising against visiting the country that concealed the reports form a stumble, cider balter runs a chain of small hotels in

a stumbled historic sort that up at the district. like many others here. he's preparing to reopen after a 15 muslim 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 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 be potential to request. actually if we start with exceptions for 3540 percent to expenses. and the target is to know the profit actually, but another minus and off to mount will be good 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 to the, to the show us yet. it, there are very few tourist now. it's very quiet during the week and just a bit lively on weekends. if not satisfying. we've been spending out of pocket for the last one and a half years. the thing theresa coming today, this will that week. i didn't see better days. we worn out with them on the many or looking 7 council following an increase in provence, $900.00 infections return to last month and travel warning. the elijah family from the united think atlanta visits in april, but postpone the trip for the month due to turkey imposing a locked 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 present or just say fire don't face 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 britain's travel. restless voices with moscow has sword. after anchor, discuss motor support with give over, build up a fresh military forces on the border with the rain. and the enter key are also at odds over oil and gas exploration. in the eastern mediterranean, russia is expected to resume lights, the turkey in late june. an uncle expects a similar move by britain after a native summit on june 14 gillem, g, a political pensions. it still won't be certain, it can reach a goal of 30000000 visitors. st. castillo l 0 sample about is our show for this week. for you online, i'll just have a dot com slash ctc that will take you straight to page time episode to catch up

on that for this edition. all kinds, of course on home, are you seen the whole team for joining us? use to hear the tune in to our desert english in h d for the best experience to english h. d 's available across europe on satellites. usually the 13 sci astro, long and astra. to g. starting 1st of july 2021. their english se across europe. will only be available on 45124182800078. for further information. visit our website. in february, 2021, the crippling storm took down, texas is power grid. 4000000 people plunged into darkness with no hating. many died from hypothermia with hundreds suffering from carbon monoxide poisoning,

as they tried to stay with them any way they could plunge investigates where the use of the regulation and prioritizing profits led to the state's power grid failure. the texas blackout on a just i i celebrations in iran opera landslide, when for abraham racy giving conservative, full control for the 1st time. ah . hello, i'm don jordan, this is sarah from dell also coming up a test of survival for 5 minutes to nicole passion. yon armenians head for us not. let's not defeat the war against as a by john.