amidst all the pressure, some farmers are starting to realize that business as usual won't be an option for much longer. a promise organization stay billions of years and needed to save dutch farms and meet them and buy a mental friendly, steadfast and al jazeera bake. ah, your channels are there with me. the whole rahman and hall, reminder of the top news stories as being a big explosion at the middle east, largest port causing a fire official, say the place started in a container on board a ship and couldn't devise jebel, ali port. now the authorities also say the phone has been brought into control and there are no death or reports of any injuries. south africa for present jacobs emer is on his way to hunt themself into police. the 17 annual with sentence last week, 15 months in jail. failing to show up as an inquiry into corruption during his time and power,

police had been instructed to arrest him by the end of wednesday if he failed to turn himself in. his legal challenge to last week sentence will be heard in court on friday. the world wide condemnation of the haitian president, driven out loyce, has been assassinated and identified the tank has rated his home in the early hours of wednesday morning. haiti's into prime minister has declared a state of emergency for 2 weeks while hate his ambassador to the us as the attack was carried out by foreign mercenaries pretending to be agents of the u. s. drug enforcement administration. video footage to show that it is a well fitted attack because there will come in those professional skills. those are the one who entered that residence and what everybody's thinking about the said to presented themselves on the agent. but just to carry out

the dirty mission. now we're talking about missing areas. fine, i said i was party, there would be some antennas hence and some places. but we'll leave that to investigation tele, unsigned has continued there offensive and north of going on making the 1st assault on a provincial capital since the us and nato rose and began the taliban science. it briefly took control of gallery, nor in back. this for the 1st time since 2001 attackers have doctors more than a 120 school people's in northern by jerry demanded food for their hostages. while they wait for the ransom. the children were taken on monday from a boarding school in northern could do the state. that's where the headlines would be back with more news and half now. next, it's counting the cost to stay with us. clear up. one of the world's most famous film festivals is back with love mandatory and doors, the social distance thing and place in some countries unable to attend the

glamorous piece of bread, recreate the magic y coverage of the council festival. now who's hello, i'm how them are hitting, and this is counting the cost on our to see your look at the world of business and economics this week. for miss handling the pandemic to its over reliance on commodities. the scientist challenging the political establishment in latin america as millions fall back into poverty, most unequal region of the world. argentina avoid another default was full and currency reserved. the country could mine its way. i have trouble huge reserves of lithium when i read once more from international miners and shit,

its minerals overseas. and late to e commerce, them at least was playing catch up. we talked to one of the biggest investors and asked, can the regions deliver another success like right hailing up, carrying the news. 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 feels richer, but inevitably come to see producers. the curse of rise in currencies makes it more expensive to imports, leading to inflation hot money leaves, and that sore, and people for back into poverty. and the cycle goes on, right now, 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 regions 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 deaths 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 saw under pressure for their poor handling of pandemic candidates, mainly parties on the left that are taking advantage 13 countries or holding elections in the next 15 months or so. peru is already elected primary school teacher trade union activist federal casteel. as it's next president, his campaign asked a simple question, why is the resort rich nation so poor?

he unseated conservative rival keiko fuji maury. i went to 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 of 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 silver could, they could come back in brazil against right when the populace j are both the nato, who belittled the pandemic. as almost half a 1000000 citizens perished. a patchwork of long fence have done little to contain the pandemic with costs rise, and governments are 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 worlds leaving 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 orlando full flats in the province of who in northern argentina, it is referred to as to why gold of renewable energy reference what the market says, i didn't need to increase leaf you make fraction, 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 in tina's lodge, public transport system 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 would 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 sign 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 a wrong 70 percent of the words lithium research. the lithium is in liquid, ryan reserves, no k to install flat, like this, when thousands of liters of water are necessary to pump up the brine research to

the surface there later on, distributed in evaporation pools. communities around this area are concerned that unless you extraction could complicate their access to water, people here depend on the source labs to make a living. dining and lament flores is part of the indigenous communities in the area. on the i the way 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 flats in the region. they are broken and dirty, and we don't want it to happen here. and that's why scientists like victoria flexor i working to find, i'll turn any ways to extract the field. so we're looking at both disruptive technology. that means technologies that do not need to evaporate water to extract lithium. and we're also looking at what we might call upgrades to the current of

operating technology. and we are looking to try to we gather some of the what the studies currently last during of operation. it would be an inconsistency to extract least him for a, for a greener world. and for a greener economy if we are contaminating the regions. the locations around the developing technologies is expensive and will take time. a major challenge for developing nations while trying to find a balance between conservation and growth. ladies, i will as the theda who, who we are in 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 he may not joins us no, by skype from well as i or ease gates, i have you with his own counting the cost that as much as it's dangerous to lump

together a region $600000000.00 people are a dozen or so countries it does appear that there is no mention with all the candidates on the left. why? yes, the, if you think this is all to be with the pandemic? well, i think that condemn it 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 the challenge to encumbrance. i'm establishment which, you know, we could say we're seeing more broadly across the world in the region. really, this is injecting additional instability because it's fragmented political that where from their inception intended to be representing small a few number of parties, right?

and now what we're ending up with is congress is with a high number of parties and precedents that are acting in a way like they're in the parliamentary system needing to get the support from, from all these political parties to rule. but at the same time, it's not a parliamentary system. so congress, they cannot remove the president except in exceptional circumstances. and unfortunately, we have seen that happening in the region. increasingly over the past decade. would you say the current rise in commodity prices fed is coming a bit too late to save these incumbent governments in the region? yes, because the problem is not only con, i'll make right. i mean, of course, the economy place a huge role. the pandemic hit the region very hard. latin america recorded the 2nd words t p contraction as a region f

d. i have dropped 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 2020. but there's also much more structural underlying social issues in the region that governments, 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 candidates that break with traditional parties promise a break with traditional polity 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, it's much more complex than if the economy doing well, or is the economy to in poorly, at the moment? well, this is clear. 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, i'm so lately 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 to back behind for several years. and as you mentioned, this is one of the most economically successful countries in the region and refund, and very wealthy when it comes to mineral wealth and especially color. 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 communities see their environment affected by obstructive industry but they feel lima takes all the, all the wealth and dust and distributed back to the regions that are hosting multinational, extracted mineral to sheila, you know, in the countries no rewriting it's dictatorship 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 a note? well, i did to this a very different story because of course, of the institutional development of the country hat. so even though it's faced, it's 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 the, the huge difference in life, we compare it to the case of pro, or even the case of columbia, which is in the midst of significant civil and rest of the moment and have been for the almost 3 months. but the difference is that chilion political establishment was able to rallied together rather early on in the civil and rest 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 social demands? because, of course, any structural response, right? when, where 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 demand for more money making it into people's pockets. and we have seen that throughout the pandemic with the government having given 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. and that came 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 it. the skyrocketing fuel 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 shelba cooked 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, the vegetable farms that surround their home. but she says they can't afford to buy gas for cooking. as much guillory is done, but the day that 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 the vegetables which grow in the fields and don't buy anything else because of the rising prices. i've had the prize of essential items has been increasing in 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. the ones who the roots 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 are 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 place and re put, reflects an increase in the price of them services. what's the point? 3 percent in may. that is above the 6 percent threshold set by the bank of india

that economists say the rise of the price of food is more worrying than that of fuel pissed off prices going off 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, particularly those who are in non agricultural activities or who actually buy the food rather than get the the government distributes for rations to the poor, but the health 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 belt 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. and she'll have to find work. elizabeth moran and al jazeera new delhi. the middle east

has always loved bricks and mortar shopping, mostly because the family owns conglomerates controlled by the old guards. but a younger generation has been pushing the boundaries of e commerce with huge success, with rights hailing up carrying, being snapped, felt by uber and souk dot come 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 from the likes of side of the jordanian investment funds is open search. the man based mobile 1st classified marketplace claims to have $65000000.00 consumers across the region and sales goods worth around $30000000000.00 a year. so let's talk and i will call don't above the phone, sir, and managing director of investment group. i mean a great piece also chairman of open 6. great to talk to you today. no, 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 during the pandemic? thank you for having me. obviously been that. and then mike has been a great excellent for adoption and usage of eco max services in a similar manner to how more by an education increased penetration. the pen demik has been the driver for more usage and adoption in a business like open to q 2nd, have tend 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 payment. basically we have gotten to about 2800000000 page views in open to last year. we're trying to get for us during the pandemic at this point of time every 15 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 park chevy and fully lifted in many of the countries that this increase and savage, in traffic to eco max businesses in the mean magnesium, 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 you're sure firms have shown remarkable adaptability to the challenging circumstances. but for the raids shearing up genie, i mean was that not have a told by the panoramic because we know uber and lyft really struggled during those tough times. of course. so obviously when, when they were locked down and people were unable to move. and jamie was,

was significantly affected. however, when locked down wherever gifted 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 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 help those guys that are infected today because we have interns over our drive. by the end of this month, we're going to have 100 percent of all the g nice guys, bags being vaccinated, which is something that is very hard or 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 korea, of course, is bought from more than 3000000000 by over and the seed 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 forgotten sec 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 the rest of that you are selling a car or guarantee going to apartment or looking for somebody to hire or 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 tool cleaning the way not even that, but those businesses are getting closer to that transaction. so though they started by, you know, selling advertising space, they're 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 limited in the middle east because you know, they, where they're where car today bags, owning that largest chart rooms and the most prestige seen streets. and do by your door, how order you know is that the order yard, this is now, you know, 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 any of the existing car trade tags. given this change in dynamic, do you think there's a needs for a tech index in the middle east, like the nasdaq to the spar growth? oh, most definitely. i mean until to day. and there is no approx see 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 in the mean that agent and, and there are many reasons for that. one of the reasons is that, you know, that hasn't been big enough businesses to list and the ones who have become big like mental, quick snap. but i think, you know, we're seeing those big businesses coming through and we're seeing this. and it says like, honestly, our own business, more than as i mean, a group where we're considering lifting of the group itself to provide access for

ultra high network individual than family offices to be able to invest and participate in that growth up online businesses in the mean that 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 catching up for the but a fascinating the 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 recalls. and thank you for having me. hello. amber is our show for this week, but there's more for you online at our just a dot com slash c t. c. that will take you straight to our page, which has in some of your episodes for catch up on i'm how am i in from the whole county that call steve, thank you for joining us. the dude on, i'll just wait for this next. ah

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