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tv   [untitled]    July 3, 2021 12:30pm-1:00pm +03

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rivers of the stuff that are left on the streets because there's no system in place to dispose of it. iraq can expect to see more dead field, a more plastic on the streets unless something drastic has done him wrong. caught out 0 east of baghdad. ah, hello, the headlines on al jazeera view and his warning, if you because government in rebels and te gray to respect to cease fire or risk spiraling further into crisis, it says 4 100000 people are suffering famine while another 1800000 faced our vacation the war began 8 months ago, and it has displaced millions. hey, morgan has spoken to some to gray and refugees who fled across the border, interest, redondo, doris state. and while a lot of them are speaking of the horrors that they have left behind and cross the border, interested, i'm thinking, safety and refuge. many of them are also telling stories of how they're witness.
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i'm heard malicious. and if you've been farmers, they've accused those 2 sides of burning farm. they say that some crops were ready for harvest. and that if you can pedal troops as well as her militias burned those crops to make sure that many to grin do not get any food to eat. they say that they believe that this is a targeted effort to make sure that they are barbed into submission. so many people who we spoke to, especially pharmacy, that they think that this is a form of ethnic targeting. they say that if there were any other implicity, if there were any other solicitor, maybe their farms would have been sped. at least 20 people are missing in japan. after a landslide, near a toko homes have been swept away in the central city of autonomy just south west of the capital. severe torrential rain has been falling for several days. authorities have worn people in some areas to leave. indonesia is rolling out more current of virus restrictions across jakarta, java and bali. the number of daily infections on deaths reach a record high neighboring malaysia has also tightened measures after surge in cases
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. delegates un back talks to pay the way for elections in libya. have failed to find common ground. the week long negotiations in geneva are expected to confirm the terms of the presidential and parliamentary vote. elections would be a critical stuff and efforts to bring stability to libya. the latest job numbers from the u. s. so a major increase in the number of people going back to work. 850000 jobs were added in june. better than many analysts were expecting. the u. s. economy has been surging since it started a year. that's in the country. again, sir, emerged from its current of virus pandemic recession. more news on al jazeera, a little later up next is counts in a call. oh welcome to portal your gateway to the very best to volunteer there. an online content that you may have met. a new program that the for our platforms makes the connections and presents a digestible,
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seeing each the award winning online content on their audience portal with me founder gotten on to 0. me i lose . hello, i'm have them here. and this is counting the cost on. i'll just be your look at the world of business and economics this week. for mishandling the pandemic to its over reliance on commodities, the outsiders challenging the political establishment in latin america as millions fall back into poverty. move unequal region of the world. argentina
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avoid another default was full and currency reserves. the country could mine its way. i have trouble huge reserves of lithium when osiris once more from international miners shit, its metal roof, overseas and late to e commerce, them at least was playing catch up. we talked to one of the biggest investors and asked can of asians deliver another success like right hailing up, carrying ah, latin. america's fortunes have been inexplicably linked to commodity prices as copper, gold, oil, and solely prices rise. so do political fortunes, foreign money, flood sensitive region, and everyone's feels richer, but inevitably come to see producers. the curse of rising currencies makes it more expensive to imports, leading to inflation hot money leaves, and that sore people for back into poverty. and the cycle goes on, right now,
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the pandemic is hating the region harder than any other, according to the un economic commission on latin america and the caribbean, just over a 3rd of the reaches population or 209000000 people are living in poverty. that's $22000000.00 more than last year was slightly more than 8 percent of the world's population, or $600000000.00 people at half, almost 28 percent of all the death from covey. 19 and the economy contract. it almost 8 percent last year. that's despite government spending $86000000000.00 attempting to support the economy, while many incumbent governments are under pressure for their poor handling of pandemic. and it's mainly parties on the left that are taking advantage 13 countries or holding elections in the next 15 months or so. through is already elected primary school teacher trading,
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an activist federal casteel as its next president. his campaign asked a simple question, why is the resort which nation so poor? he unseated conservative rival keiko fuji maury. that when she lay a communist danielle judge way is likely to unseat the rights of center. sebastian p. yeah. in november's presidential elections at an interview. bloomberg, he said, people are coming to the realization that the liberal policies are incompatible with democracy. chileans have had enough as the free market that has failed to reduce inequalities. and then columbia left one candidate, gustavo, petro, could become the country's 1st socialist liter. i knew that a silver could, they could come back in brazil against right when the populace j are both sonata, who, belittle the pandemic, has almost half a 1000000 citizens perished. a patchwork of locked fence have done little to
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contain the pandemic with costs rise and governments of keen to get people vaccinated and find new sources of income to pay for the pandemic. argentina is one country that has huge potential to become one of the world's leading lithium producers. it's a major challenge for the south american nation seeking international partners to help develop the industry traceable, has more lithium extraction is well and away at the level full flats in the province of who, who is in northern argentina. it is referred to as to why gold of renewable energy . that's what the market says. again, tina needs to increase lithium extraction, but also manufacture batteries to add value to the production chain layer a. we are trying to establish a small supply chain of lithium batteries. so we can meet with the demand. one area of demand is the transformation of fudge and tina's large public transport system
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to include electric, but lithium production is a priority for argentina's government. it's minister of production says that government has already signed deals with several companies. china is a major player in the business and has been increasing its presence in the region. democracy, the endo, what you see was we're seeing lots of interest in the possibility of investing in the country. last week we signed a memorandum with a chinese company that is already producing lithium in argentina and is hoping to advance into batteries. and we signed with another chinese company to build batteries and cars are not going to be you're seeing lots of interest because of our natural resources, industrial history and technology that allows us to plan ahead. lithium, ion, batteries, rechargeable and lightweight power. the most used electronic devices on the planet from cell phones to laptops. much of that, lithium comes from what is known as the lithium triangle. i didn't pino bolivia until you have
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a wrong 70 percent of the words. lithium research. the lithium is liquid, ryan reserves no k to install flat, like this, when thousands of liters of water are necessary to pump up the brian research to the surface there later on, distributed in evaporation pools. communities around this area are concerned that only few extraction could complicate though access to water. people here depend on the soul flat to make a living and lament. the floris is part of the indigenous communities in the area on the earth, in which one ancestors have been living here since before the argentine state. and now they want to invade it. we haven't seen any serious studies on what will happen to the water. it is something that worries us that we are concerned about what is being done to other salt flights in the region. they are broken and dirty, and we don't want that to happen here. and that's why scientists like victoria flexor, i working to find alto native ways to extract lithium. so we are looking at both
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disruptive technology. that means technology that do not need to evaporate water to extract lithium. and we're also looking at where we michael, upgrade to the current of operating at knology. and we are looking to try to we gather some of the water that he's currently lost during of operation. it would be an inconsistency to extract least him for a, for a green, a world. and for a greener economy if we are contaminating the regions or the locations around the bosses. developing technologies is expensive and will take time. a major challenge for developing nations while trying to find a balance between conservation and growth. clearly. so i will just eda pool. we didn't tina. well let's get some analysis now with him in a blanket. she's the head of america's risk insights that various maple crossed and
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female joins us know by skype from well as iris gets, i have you with us on counting the cost that as much as it's dangerous to lump together a region, a 600000000 people are a dozen or so countries it doesn't appear that there is momentum with all the candidates on the left. why? yes the if you think this is all to do with the panoramic? well, i think the pen demik has actually exacerbated some of the underlying challenges that the region had had face for many decades. right. and you know, i'd like to challenge a bit, this idea that the region is turning to the left. i think what we're seeing in latin america is a challenge to incumbent some establishment which, you know, we could say we're seeing more broadly across the world in the region. really, this is ingesting additional instability because it's fragmented political systems
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that wear from their inception intended to be representing small or a few number of parties, right? and now what we're ending up with is congress. it with a high number of parties and precedents that are acting in a way like they're in a part of the mentally system needing to get the support from, from all the political parties to rules. but at the same time, it's not a parliamentary system. so congress cannot remove the president except in exceptional circumstances. and unfortunately, we have seen that happening in the region increasingly over the past that day. would you say the current rise in commodity prices? fred is coming a bit too late to save these incumbent governments in the region. yes. because the problem is not only can all make right. i mean, of course, the economy plays a huge role,
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and the pandemic hit the region very hard. latin america recorded the 2nd worst t t p contraction as a region f d. i had massively in all the major economies, right. whether you're talking about brit sale, columbia, mexico argent. see now they've all same major drugs in f d. i in plenty. plenty. but there's also much more structural underlying social issues in the region that government is both on the left and on the right have failed to address for many years. and so voted in the region are looking for those new canada that break with traditional parties. promise a break with traditional politics and promise to make those long lasting changes to address in a quality poverty, informality unemployment, access to education, access to health care. so really much more complex than if the economy doing well,
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or is the economy doing poorly at the moment? will pacifically if we, if we look at the case of peru petro castillo, he could be the next president there. is he rides to question why such a resource rich nation is so poor? well, absolutely, for me has some significant structural issues to address. i mean, we, you know, speaking about the condemning with 70 percent in formality, we saw peru use games, but it had taken it adapted to may inject one year, whether we're talking about employment or poverty rates, right. and in education, the system remains shut down. so we're talking about generations where human capital development is going back behind for several years. and as you mentioned, this is one of the most economically successful countries in the region. and we've been here and very wealthy when it comes to,
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to it's mineral wealth and especially pauper. so of course, you know, from a political perspective, cassius promises to review the contribution that mining made to the economy and how that expense and how that helps develop men resonate with voters, particularly those in the rural areas where community see their environment affected by a of industry, but they feel lima, take all the, all the wealth and jackson distributed back to the regions that are hosting a multinational, extracted mineral. move her to sheila, you know, in the countries now rewriting it's dictatorships era constitution a right wing free markets are new liberal as policies on the back cert over there. how do you see events that play node? well i did, she did
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a very different story because of course of the institutional development of the country hat. so even though it's face it similar challenges, right? the issues i mentioned before, i could make that same statement about sheila in terms of education and access to health care, et cetera. but i think that the, the huge difference is if we compare it to the case of pro, or even the case of columbia, which is in the midst of significant civil and rest at the moment and have been for the, you know, almost 3 months. the difference is, the chilean political establishment was able to rally together rather early on in the civil unrest movement right after 2 months in 2019 and institute, a framework and a road to re so that in a structural manner and in an institutional manner. now, the question is, will it be successful and will it be enough to block a social demand? because, of course, any structural response, right?
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when way we rewriting a constitution, creating effectively a new legal framework for the country. this takes a lot of time. so the question then becomes our chilion patients enough to see those changes through which are going to take anywhere between 5 to 10 years at least to, to show any result. in the meantime, what we're seeing is very short term to for more money making it into people's pocket. and we have seeing that throughout the pandemic with the government having to give it into changing the pension system and allowing for pension withdrawals early on, as people want to see the money that they've been saving for many years, some decade back in their pocket. human blanco from various maple crossed thanks so much for talking through the complex dynamics in this fascinating region. we appreciate the skyrocketing fuel
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prices in india, driving up the cost of foods and other basic goods is putting pressure on millions of families and comes as the inflation rate surpasses. the crucial 6 percent threshold said why the countries central bank, elizabeth per item has more now for new delhi. 12 year old shoebox flat bread for her family on a fire made of wood and dried cow dung. her mother sony urns just over $3.00 a day when she gets work and the vegetable farms that surround their home. but she says they can't afford to buy gas for cooking. as much gallery is done by the day that almost it's really hard right now to take care of my family prices are going up lentils, $1.30 kilo who's going to eat that. we don't buy anything to eat and we only eat vegetables which grow in the fields and don't buy anything else because of the rising prices. the prize of essential items has been increasing in
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india during the past year. cooking oil by 30 percent fruits and vegetables by 12 percent and lentils by 10 percent. and that has had a big impact in the country with average income as the equivalent of about $5.00 a day. one reason for the higher price of food is the cost to transportation. failure to what i know. 12 groups are not for the poor because their prices are skyrocketing and even vegetables. people buy hossa kilo instead of one saves a lot while expenses are high. meanwhile, the fuel prices have already broken the backs of the poor i. the government has increased fuel prices up to 50 times this year, lead into protests earlier this month. on average and indian spends nearly a 5th of their daily wages on fuel. and the other places re put flexing to increase
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the price of customer service. what's the point 3 percent in may, that is above the threshold set by the bank of india. economists say the rise of the price of food is more worrying than that of fuel. this can trade off for prices going up is going to get good, much worse, in which case is going to have a devastating effect on the open for particular. and some of them are particularly those who are in non agricultural activities and who actually buy their food rather than get the the government distributes free rations to the poor, but the help doesn't reach everyone. sony says she doesn't have the ration card that's necessary to get the food. her children, including 9 year old, got him, are only attending classes because of the kindness of a few young people who are teaching for free. sony wants sure, but to learn to cook and clean and case have free education stops,
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and she'll have to find work. elizabeth moran and al jazeera new denny. the middle east has always loved bricks and mortar shopping, mostly because of family. owns conglomerates controlled by the old guards, but a younger generation has been pushing the boundaries with e commerce, with huge success, with rights hailing up carrying, being snapped, felt by uber and silk dot com, falling to amazon. and the panoramic has accelerated the shift old line for shoppers. i'm cities of like, one company that has managed to raise $24000000.00 in the likes of south georgia. 80 and investment funds is open search the man that base mobile 1st classified marketplace claims to have $65000000.00 consumers across the region and sells goods worth around $30000000000.00 a year. so let's talk and i will call don't above the phones are and managing
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director of investment group. i mean a great piece also chairman of open 6. great to talk to you to a know you own many of the middle east talk e commerce sites and talk of course about open soup. sell any car, dot com and the right healing service. seni, have you seen any more traffic as it were? cheering the pandemic. thank you for having me. halla, obviously been that, and they make, has been a great excellent for adoption and uses your eco max services in a similar manner to how more, by an education increase in education depend, demik has been the drive back for more usage and adoption in a business like open to q 2nd, have 10 to our application to savage, and find whatever they need be a tech car or an apartment fashion, anything that they need. this has facilitated their lives. paramon beslee. we have
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gotten to about 2800000000 page views in open talk. last year we're trying to get caught year for us during the pandemic at this point of time, every 16 seconds. so probably since we started, there's been 2 items that were already sold on, on open source. what we have seen also is that after the book dodge, where chevy and fully lifted in many of the countries that this increase and salvage in traffic to eco max businesses in the mega has consisted and continued to increase in fact. so we're very optimistic about the future of eco max and online services, and they mean that even though there's lots to be optimistic advice and your show firms have shown remarkable adaptability to the challenging circumstances. but for the raids shearing up genie, i mean was that not have told by the panoramic? because we know uber and lyft really struggled during those tough times. of course,
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so obviously when, when they were locked downs and people were unable to launch and jamie was, was significantly affected. however, when locked down wherever you did. partially, we noted that genie as gotten back to its previous level and exceeded its previous level of mark more importantly after the lock downs were lifted. we've seen jeannie basically hitting new 11 new or get cards in terms of traffic. this is because use exam pass in jagger's, have opted for private carriers because private coverage offered them assurance in terms of basically security in terms of health. those cars are infected today because we have interns over our drive back by the end of this month. we're going to have 100 packs in of all of g needs, dr. bags being vaccinated,
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which is something that is very hard and difficult to say, or play in florida. i bag, you know, public transportation services. well, the great the, the business is approved, so adaptable and able to cope with the challenges. would you say there are any more unicorns in the middle east that we should be keeping an eye on at this time? because cream, of course, is bought for more than 3000000000 by over and the scene has really inspired a lot more investments as investors are looking for the next big thing. oh absolutely. what's happening in the middle east? how that is that there is transfer of value that is happening in the largest traditional economy sectors. so take, for example, a business like open source. where did all of those ads that used to appear in 64 page printed newspapers in the middle east go. and the ad that is related to us at
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rest, whether you are selling a car or getting an apartment or looking for somebody to hire, offering any kind of suggest, all of those ad has shifted to open source. so all of those, you know, 1000000000 dollar evaluations have shifted to online businesses with the lack of open talk leading the way, not even that, but those businesses are getting close to that transaction. so though they started by, you know, selling advertising space now making a costs on the transaction itself, which means that even going to be bigger than that, you know, they're basically parallel business models in that traditionally economy. the same is happening, for example, in the automotive sector. congregating sectors, etc. the way you have seen many 1000000000 eggs being mentored in the middle east because you know, they, where they're, where car today, bags owning bad, largest show rooms and the most prestige. just seen streets and do by your door. how order, you know, is that the order yard, this is now, you know,
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moving online where businesses like any cars have become the largest used cars to get back in the u, a. e, in, nor time becoming bigger than annual existing car trade tags. we're given the change in dynamic do you think there's a needs for a tech index in the middle east, like the non fact the spar growth? most definitely. i mean until to day. and there is no proxy for that growth of online businesses in the me that is listed that investors can buy into, to sort of participate in that growth of online businesses. and i mean that agent and there are many reasons for that. one of the reasons is that, you know, that hasn't been big enough businesses to list the ones who have become big like, man, so quick snap. but i think, you know, we're seeing those big businesses coming through and we're seeing this. and it says
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like, honestly our own business model, and as i mean a group where we're considering a listing of the group itself to provide access for ultra high network individuals and family offices to be able to invest and participate in that growth of online businesses in them, you know, i believe we are approximately 15 years behind the u. s. probably 10 years behind western europe and maybe 5 to 7 years behind south east asia. so there is a lot to come. there's a lot to come. a lot of cats are going to be but fascinating, early, diverse and changing landscape. great to get your thoughts on this. how doing the, the managing director of the, i mean a group. thank you so much talking to us on counting the cost and thank you for having me. hello. amber is our show for this week, but there's more for you online at al jazeera dot com slash c t c. that will take you straight to our page, which has some of your episodes for catch up on i'm how am i in from the whole
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counting the call. steve, thank you for joining us. reduce on, i'll just 0. it's next. ah. the world's lungs being seized, the amazon rain forest is diminishing a rate of football pitcher a minute to meet the market insatiable appetite for logging mining. i'm farming as both scenarios. government seek to relax, conservation load and increase production. indigenous communities on the brink of extinction. no, it's the bite of their life. people empower brazil's amazonian battle on al jazeera ah al jazeera which is a little ah,
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this is al jazeera. ah, hello, i'm rob matheson and this is the news, our life from doha. coming up in the next 60 minutes more than 400000 people are suffering famine in ethiopia. according to the un numbers are wanting, the crisis could get worse. if the violence continues at least 20 people are missing. also a landslide here, tokyo sweeps the way your home.

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