claims prime minister federal sanchez has banked on the move ending the political pass game he says is to kickstart talks and to secure reconciliation between the central government and castle and nationalist. but it has drawn fury from his political opponents. jacqueline gobble and the lovely people government. i know some of it up. you have placed yourself on the wrong side of history, which will not absolve you. if you have any dignity left you should resign today and submit this decision to the judgment as the spanish p. sanchez will meet the cattle and lead a pet otto this on tuesday and opportunity, which he hopes could lead to better relations with the pro independence movement. but he runs the risk of gambling away. his minority government. so the diagonal, i'll just, sarah, i hello again. the headlines on al jazeera people in hong kong are flocking to

newspaper stands to get a final edition of the pro democracy newspaper apple daily. it's been under pressure since paging, national security law came into force. apple daily's top executives have been arrested and its assets, frozen vehicles. holland has more from hong kong. very emotional morning here in particular for supporters or for apple daily. and supporters of democracy. apple daily was the san please democratic newspaper. it was critical of the authorities not only here and in china, it was, it would boldly make headlines where other papers are often afraid to because it's censorship because he may lose advertising. but apple daily never had any of those issues. and it became one of the most popular papers in hong kong for years. the us has condemned and judy or strike on a busy market. and if you're a p s t gray region which kill dozens of people, health workers in the village, i took olga told the associated press, the soldiers blocked. so themes from reaching the scene for those environment

minister ricardo sally's has quit. a criminal investigation has taken place into whether he obstructed a police probe of illegal logging in the amazon rain forest. us president joe biden has outlined how he plans to a rising tide, a violent crime. he's cracking down on gun dealers that fail to meet federal laws that will revoke their licenses. the white house says homicide in large cities, rose by 30 percent last year. the anti virus software pioneer, john mack, if he has been found dead in a spanish prison cell, a spanish court had approved his extradition back to his native us on tax evasion and fraud charges. the 75 year old invented one of the 1st anti virus programs in the 1990 s. a government statement said mcafee appears to have committed suicide. those are the headlines on al jazeera, more news at the top of the hour after counting the call. frank assessments is an

argument for suggesting the martin, the ministrations playing a long game. it's very much of a form embrace the iran nuclear deal because of us domestic politics informed opinions, schools and shelters have been reduced to rubble. how do you think this shapes a generation and the politics then that life has been shape? why vitamin the in depth analysis of the dates global headlines inside story on our jazeera, ah, hello, i'm how am i here 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 has the g 7. we hash 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 9 areas. business capital both are still congested. moving to the water, health, east traffic jams. ah, well china status as the factory of the worlds is under threats. note from the united states, which along with its g 7 partners, is looking at ways to slow what's economic dominance. but from an internal threats, a falling birth rates, demographics really matter. if you are babies, these fewer workers, the power of 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 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 onto that position to become challenging the fast driving india, which has no limits on the number of children. couples can have. beijing has lifted the child limits because there are only 12000000 berths 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, 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. we've been 20 years as, according to new analysis by respect to german research, or adrian's ends. data 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 at slowest rate 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. the week 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 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 fluid pace and decades. since 2010 expanded by 5.38 percent to 1410000000 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 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 its all make by polity. 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 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 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's aging crisis with me was slightly moving. that right families are having fewer children, like government efforts to boost the bus race by ending the one child policy, which feeds in 2014 liberty soon directed john moore was find more than $1000000.00

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 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 urbanized ation and high levels of education. it's dismissed claims. it's sense if big is are an accurate one shred 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 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 recent claim stands up to scrutiny. hi. hello. 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, they 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 old savannah. here malta, i think chilly don't, 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 finely balanced 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 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 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. busy 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 tool 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 strata 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 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 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 me. 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 joker to la, move to league us from nigeria capital 4 months ago to foss struck a rise in her career. 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 that i

had a lot then i'm supposed to be doing on the own. so most of the time i just consider myself the weekend is almost, it's almost, i'm just with this also there's a flip. it all 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. best than just safety is a concern, and that's pushy many residents to buy their own cause. without probably what you said, that is reliable that you saw what the doctor says 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 gosh, the pool are able to afford private costs that are more than 6000000 motor vehicle . yeah, and they got a pity of more than 20000000 people. and that means coffee congested with perhaps

what not surprisingly, can affect business. so the government here is in roughly 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 the normal day out for 30, what's that way? you will see everybody's on the road. everybody's on us. so we living above the core, do i'm some what i was privileged to be he 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, 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, there are fears, nigeria, commercial capital, may soon reach breaking point degrees, algebra, lagos, nigeria, and the growing number of financial institutions is settings 0 emissions tara, for their own businesses. the majority of banks, insurers and asset managers are failing to apply the same scarcity to greenhouse gas emissions of their portfolio, as, according to research by environmental consultancy cd pay, which says greenhouse gas emissions from a financial institutions portfolio are on average $700.00 times greater than their own on the half of the schools in 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, as non governmental agencies, the both biggest, 60 banks provided $3.00 trillion dollars, a financing for fossil fuel companies since the paris climate deal in 2015. but let some pack all the numbers with emily crept the global director of capital markets at cdp and emily jones's now from new york. just 1st of all, why are fine on show institutions spending a lot of their time and money of greening their credentials. but failing to tackle their clients 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 when 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, the 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 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 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 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, all fluids. they're 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 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 you, even if the assets do transfer into private him, that we do have a community of that hastily observant shareholders and watchdog to 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 came ice of that that summits in particular, this re hashed of the package commitment from the g 7 to provide $100000000000.00 a year. is a poorer nations? well, i think 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 emitters 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. and i, 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 concealed reports for a stumble. sir balter runs a chain of small hotels in

a stumbled historic sort that i've 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 slug by 2 thirds last year, and the government is now vaccinating towards 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 about to request. actually if we start with exceptions for 3540 percent expenses and the target is 2, not 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 spied some

financial support from the government. he is struggling to keep going, you know, trying to choke. jenny. there are very few tourists 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 for the last one and a half years. the thing tourists are 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 coverage 19 infections in georgia. last month and travel warning the elijah family from united think atlanta visits in april. but postpone the trip for a 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. i just say 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 britain's travel, red last voice with moscow. have sword after anchor, discuss motor support with give over, 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 lots of turkey in late june. an uncle expects a similar move by britain after a native summit on june 14, but given geopolitical pensions, it's still won't be certain. it can reach a goal of 30000000 visitors. st. i'm castillo. l 0. sample. about is our show for this week. this movie you online, i'll just have a dot com slash ctc that will take you straight to page entire episode to catch up

on that for this edition. all kinds of course, on home, from the whole team for joining us. use on to here. ah. news, news, news, news, news, a wall which produced one of the worst humanitarian crises in the world's. they will take shots even when they should not. and i believe that sometimes what the saudis had been doing in the story behind the deadly attack by the saudi led coalition forces on

a school bus in yemen, which killed 40 children yemen. the soda bus bombing on al jazeera. oh, be the hero, the world. ah, marsha, in awe dozens of reportedly killed in an earth striking marketing if you're ti gray region, the government is accused of delaying medical access. ah, you're watching al jazeera life from headquarters in del high and getting and gays also ahead. hundreds in hong kong rush to by the final edition of apple daily as meetings, crackdown forces, the pro democracy newspaper just close.