and secure, once the authorities had intervened and she'd spent a night, i'm in an apple hotel as a post on a flight back to batteries. not surprisingly, the international olympic committee now launching their own investigation. and that is starting with a request to the beller rece limping committee for their official version of events . ah, this is all just 0. these are the tell stories, at least 8 people have no died in 5 that have burned across turkey for the past 5 days. crews are still battling several wildfires in the popular twos and areas of tonya and morgan. so sorta has more from man of god. i'm tell you, i promise. had these several reports of the fire wrapped in in many provinces across the country. so far that has been, defy years, forest fires going on in 25 different provinces. at

132 locations, the goldman says that 125 of them either being completely extinguished or had been taken under the control, but at 7 active zones. the fight is still continuing and neighboring greece crews are also battling large wildfires that have destroyed homes and farms in the south . the fame of spread after breaking out near potter us on saturday sandwiches are expected to reach 44 degrees celsius is a heat wave continues across southern europe. italy too, has been struggling with wildfire, a crime to the truest resort of the scott to 800 people had been moved from their homes out of a large fire in a nearby nature. reserve of kind of sounds. president told parliament a state of aggression is being imposed on the country by taliban forces. suff county blamed much of the cutter situation on us forces withdrawing so quickly.

israel supreme court is adjourned while hitting an appeal from for palestinian families against their forced expulsion from the chic shut on neighbourhood and occupied eastern use of them. it's the family's last legal chance to stop them being forced out of homes. they've lived in for decades. protests are being held in the occupied west bank to mark 40 days since the death of prominent palestinian oculus miss out bonnet. he died in june hours after being arrested and beaten by palestinian security officers as families rejected an internal investigation done by the palestinian authority and their calling for justice. for bodies have been fined in sudan city to river according to military sources. there the remains of people believed to have been executed. it's thought that we're seeing the conference in ticket i those are the headlines. the news is going to continue here on our 0 after counting the cost. bye for now. news.

news. news. news, news . hello, i'm sammy say that this is counting the cost on al jazeera. y'all look at the world, the business and economics this week. sure, lanka, void the debt defaults, but it's fast running out of money to pay for in port will. china and india continue to bailout colombo lebanon has a new prime minister designate the 3rd. since the government resigned a year ago, can form a cabinet and thought the economic wrong. what's driving up food prices in bangladesh, and it's not only the poorest been hit hard. the middle classes are suffering in

silence. ah. despite avoiding a debt default for now, sure lank has finances are in a precarious state, was for lankin, president has appointed his brother as a new finance minister. the sign of how serious the situation is shanaiah because economy was in trouble before the pandemic between 20052015. colombo borrowed billions from china, accumulating a mountain of debt for expensive infrastructure projects. but you may remember sure lanka was forced to hand over its strategic humble toto port on a 99 year lease to a chinese company in 2017. that was because it failed to service the $1400000000.00 debt from beijing used to build it. the government that rose to 101 percent of g d p last year,

up from 86.8 percent in 2019 credit rating agencies are concerned. it may not be able to service its debt according to bloomberg. the probability of a one year default was that 27.9 percent. the steepest in asia to make sure it can make free payments. the government's put limits on the amount of money that can leave the country. the central bank says it has currency reserves of $4000000000.00 enough to buy imports for the next 3 months to boost its reserves. its strong currency swamps with some of its biggest trading partners, which basically sense the exchange rate, reducing volatility. the biggest deal was with china with $1500000000.00. and that's important because china and india have been trying to push relying into the geopolitical orbit, spot of a struggle to control key maritime routes in the indian ocean. now, one of its key sources of foreign currency tourism is dried up to,

to the pandemic of the industry. that accounts for 5 percent of g d, p and, and employs about 3000000 people hasn't recovered from the suicide attacks on easter day in 2019 to conserve calling. see if the government is also banned the import of fertilizers, the ramifications could be profound as al jazeera, as mill fernandez, explains john, cuz i sometimes worried the petite of my entry long because we're putting a gun region says he use less than half the usual amount of chemical fertilizer on his crop. i'm off of the, i'm going to have the buying off on the route of the plans affected. usually by this time we are harvesting in the about 2 months or $75.00 days after planting the area is covered by the plants. but this time growth is far less. farmers across the country have been protesting the shortage of chemical fertilizer. since the government been in port in may in because these are not good successful greenhouse

farmer has had to cut down his crop as well. he says farmers should have been consulted about the ban. every last cannot have enough. when things are being changed, they must consult us. make us aware of how things will change the scar. this is going to be done. the bedroom fertilizers come during an economic crisis. that is, sheila badly is 4 in reserves have fallen below $4000000000.00. people incomes has suffered since easter bombings 2019. and the corona virus pandemic has worked in the situation. the government is under pressure to find the money to pay back billions of dollars in debt. that's one of the reasons present good or bad. roger says he's government been the importer dozens of items including agra, chemicals we offer 180000000000, repeat 80000000000 re pcs watch these countries spins just to import fertilizer. who does this money go to?

the money goes to companies abroad. there are only 4 to 5 local companies making money from this. but the decision we talk will make this industry into a local industry. the president says he will not back down on the fertilize a band, which he says is also aimed at improving the health of citizen, many of whom are struggling to make ends meet. a government blitz of money printing has driven up inflation, which is the central bank at 6 point one percent daily journey, roster income because of the pandemic. if you are a pensioner, the interest rates are low and your income has come down. you're lucky if you have a permanent job, but without 11th is to get an income. income is limited, expenditures are rising. the can make situation is creating a challenge for millions of sheila anson. i might be able to find out it's very difficult to survive because we have to spend more than what we own back informing country communities. a bracing system harvest and

a major impact on income. one from a leader as an even more di, warning america off the pharmacy to manage the season with whatever fertilizer and chemicals they bought, a higher prices. but i say with responsibility that we clearly going toward food shortages. that's a certainty. even god can't prevent that. most farmers agreed the plan to cut down on chemicals use is a good thing. but said the sudden decision is not practical. let's on pack what's happening now with russia decides the fund manager of asia frontier capital joined us now from hong kong. good. have you with us so other fears of a debt default overblown. well, i mean the seals about defaulting on the board has been a story for the last one years. stony auto, an issue which has come to the last couple of weeks the last couple of months. in fact, just a few days ago this week, she's been a $1000000000.00 to it's bondholders, bobby sovereign born. and also last year in the 4th quarter of 2022 was not

a 1000000000 dollars last year, but so he's what he does have been around for quite a while. so i will keep him in for you this week. do you know default on that was kind of order? i mean they shouldn't wanna board the, the payments of 21 issues or concerns about the deep in 1022. so you have 2 bonds which are you in 2022 will $500.00 payment due in january, 2022 and up and a $1000000000.00 due in july plus we need to and that's a concern, especially now that you know, those are all foreigners of the law and also the important dog foreign exchange. you want to be good by the end. i'm glad you mentioned that. so how is it going to deal? cuz it's still obviously have financial problems even if some of the default worries are overblown. how is it going to finance it's huge debt burden. right, so i think she's got some funds on the next couple of months. in fact, they've got some,

especially some financial funding from important partners in the region like in china and also some forms coming from the m f. s. d. possibly in the next to the next one months or so they haven't lined up, you know, funding for almost $3000000000.00. and if that comes through, in fact, they should be okay for the payment to show you probably 20. it was not for the song and it kind of can down the road, the hope because you take more money to pay off more money the the mounting grows. exactly. that's the issue or concern that it must have because it's not about, you know, she didn't before now or after 6 months. but i think what in this one look at is somewhat stuck to the form. so most structured, long term financing. otherwise you already have the pencil and coming off every 6 months of months, but the she liked the structure was so i think it may meet the locations or next month. i think the issues with the trip in as long as the such a reforms won't happen. but more importantly, i think that the room sector was

a pretty large owner for the country, but the board for when it almost dependent make and also before your tax. but hopefully, you know, once back vision levers improve nobody and also in the region. and they can some of the sources and go change your position as well. position has been pushing for the government to turn to the i m f. something the government has been opposed to. why do you think any program, especially in countries the highest deficit and a lot extra g p issue would obviously entail on both measures such as using tax expenditure in our balance to do some of the specials and the economy and also on the deficit. but i think especially at this point in time, the quantity is one patch given the enemy can get to go to the law. so i don't think the going to be wants to take any positions or at least want to get the

unpopular positions, especially at this point in time. so i think that would probably be from some of the government going on. so, but for the all the meet them tell me if they can do that. some of the reasons revenues or if they get the vaccination. right. and the vaccination thing, can i what mr. puppy as well. and that should have some somewhat using that, that should have been proven to can for the probably a bit about getting for the she will help also with relieving the ban on the imports of some goods like fertilizer. all they also just storing up problems for the future and pushing that can further down the road. but i think the board ban on data is not just what happened to be those. and some of the border goods has been there for almost more than you know, especially since the panoramic began look at, you look for it in context point was about $4000000.00 of influence for the pending . and that basically went to 0. the last last to especially images defendant,

last month. and i think from this and i and also initially the initial few months of the pen to be exposed to it as well for dominic sport and just been in the, in the 1st of the 4 months of the band. and so i think given the given situation of the country wasn't, they had to do something such measures and i think they were using or bands will continue. probably want to stick with new problem to the end of the you know, especially now that you don't have any be coming out of the bonds when you do and do they have some long term funding lined up. they would probably the thought using this issue for the next 6 months. all right, and then let's talk about maybe the plus side. the competition between china and india for influence in the indian ocean does not offer sure lanka, some strategic advantage and how best and how far can use that. absolutely. i think you guys to hopefully leverage this position in the region. so if you seen that a last couple of years, which i'm, i'm making investments and also in debt coming in now. and especially now,

you know, for the funding require 40 payments going there. and i have been quite handful employee and some funding. she was given that she was important that she as mostly in china to go home and can do more. i mean, you can do much more with the position. i mean they can pretty much more long term funded jake investments. transportation at logistics sectors of which has not yet happened in enlarge and also some important points. it can be long term very much for the foreign response given the location of the other countries. so yes, i think that is something that will continue to hold as well. all right, we'll decide. thanks so much for talking to us. thank you. thank you. thank you. the migrant workers from me in my living in time and florida areas of facing increased hardship, locked down, van means there's less work leaving many to rely on donations. yet people still flee to thailand, to escape from military rule. back home florence louis reports says,

usually no shortage of work or laborers for farms in pop prod, district in western thailand. many farmers here employ migrants from across the border in myanmar to work the fields. but the surgeon corona virus cases in the 2 countries has made life more difficult for migrant workers. thailand has imposed a nighttime curve. you and travel restrictions. this lady who doesn't want to be identified had gone back to me on my last year to renew her passport. but she couldn't return to thailand, eagerly after the borders were closed and ended up paying brokers to sneak her back in illegally got on the loading away. i mean, in many migrant for me and my in trouble. now, many of us have to hide and escape to thailand to find a job. some of us got caught and was sent to prison. more watson, johnny id carey, is also a migrant from me and mom who has settled in thailand for many years. he helps run

a local charity. there are a lot of children also come along with the parents and there's some parents, they don't have a document. so they had a lot of you know, issues to going around. and if the parents get arrested, the children will be left behind in a hot or in houses and who is going to take care of their children. he says, live here is also getting increasingly difficult for migrant workers because of corona virus restrictions. when a new infection is reported in a village, no one is allowed to leave unless they can show this tested negative for cove at 19 . many are unable to find work and has been relying on donation. but supplies are slowly dwindling, as continued restrictions cause economic hardship for everyone else. the struggle for survival is also made was by a sense of frustration at what's happening back home. me my vision. i want the

manmohan touch release and sun city and focus on helping the people from the crisis . i want democracy in men more than the country can move forward to develop. but there's no indication the generals in myanmar are ready to give up power. now, global development institutions, like the international monetary fund, usually cautious and circumspect in their assessments of member countries. but the world banks, recent assessments of lebanon, have given up on the niceties it seems. it's gone as far as calling out the deliberate depression that has seen the economy contract, 40 percent, and the poverty rate increased by 50 percent in the world banks. assessments such a brutal and rapid contraction is usually associated with conflicts, or was, it goes on to say the bankrupt economic system that benefits the few has the backing of the political elite. now all of this has been public knowledge with even

the europe in union preparing to sanction some of the key characters, while 11 has a new prime minister designate. now the 3rd, since the government resigned a year ago, and g mccarty has to form a government to reverse the economic crisis. until that happens, the growing concerns that 4000000 people are more immediate risk of losing access to safe water. among them, a 1000000 refugees already facing hardship, with shortages of funding, fuel, and supplies. unicef estimates most water pumping will gradually cease across the country and the next 4 to 6 weeks. and it's a year since a huge explosion in beirut pulled killed $200.00 people injured thousands and devastated the capital. let's get some analysis now with diana. madame, she's managing director of advocacy group co luna it although which promotes solutions to the crisis. good to have with us, so that of the world bank as being very critical lately of the lebanese political

elite. not a huge surprise to the lebanese, or frankly 21 is being familiar with lebanese affairs for a while. everyone knows there's been a problem with the elite for decades, right? why the change in the world banks, toe? now? i mean, the change in the world, banks to now it, because this is honestly now bordering the criminal. you have the poverty rates that are increasing in a way that has been unprecedented in the country over 50 percent of the lebanese, our court, and the world back anticipates that over 75 percent of the lebanese will be poor by end of year. this is really devastating. the incapacity of this political class to govern is manifested day by day. it's really appalling that this is a political class, but the still trying to cling to power. despite all the misery and the destruction that has called, i mean since the resignation of the 4th of august of last government. there have

been several times after government formation. today, the 3rd prime minister has been designated. nathan issued me at the end, attempting to form a government for the 3rd time. i mean, this clearly indicates that the problem goes beyond prime minister nomination. the system is blocked. the people that are today in power are incapable of reinventing themselves. they have lost their legitimacy. people will no longer tolerate recycled formula of the same components of the political clap. and everybody realizes today that any government formed using the same war. this opt randy, that has been adopted for the past years will no longer be acceptable. this is a government, it will be required to conduct radical and sometimes very painful reforms to the financial and economic system and to pursue the investigation in the be who the

court black. and there is no way this political class is going to do this. let me jump in, if i could then ask the question, would sanctions on the politically, would that fix the situation and fix the economy? sanctions would definitely be 11 to, to increase pressure on this political class. and to legitimize them, i mean, and they would also hit the political indeed where it hurts the more which is their pockets. but it's not definitely not the only tool. there is another track that is all the more crucial. and it is to continue with opposition off the lebanese to this political class. it is about the la beneath trying to strip this political class out of power tripping them out of their positions in sunday, in municipal counseling, and particularly in the upcoming elections in 2022 functions known will not suffice . and here i need to say something very important to me. we should not even think

that increasing sanction to force this political need to form a government is a way out. the same people forming a government over and over again would only lead to further destruction and further poverty. the only option that is available is a truly independent government formed outside of the political class and with eggs, with exception, and just let the power that will allow it to fight lined the today. d ledger to mind parliament and conduct the forms that i have just mentioned. so let me jump off the question though. would it be enough to change the faces in the position? or are we ultimately talking about the necessity to change the entire confessional based political system? right? doesn't key. as i said earlier, there is a deadlock in the system is there is the need to really ask ourselves, what is the new model? what does the new state that we want to go much all the lebanese,

ready to answer that question. do they truly want a system of government that reflects no confessional interests or balance between the different confessional sections of society? when you are definitely ready to answered this, the post october 17 uprising has shown that there is today a new group of lebanese that i really and sincerely pushing towards the formation of the real estate. that 3, that side of the shackles of political confession, lithium, is in need. and the court for, for this faith to be, to be really free from any condition related to political confessional lives and has been very clear. it has been a main slogan that has been repeated over and over again in the streets. i believe that there are beneath already yes, ready. but we realize that it will be a long and i've heard about that. all right, it's a time to do this because if you look at the situation now, economically that needs pound pretty much worthless poverty, rising electricity,

patchy. now we're talking about possibility of both supplies being held up, if the country about to collapse before the kinds of reform you're talking about can take place. the country sadly is collapsing as we speak. yes, it is true. the lebanese pound had lost nearly 92 percent of its of its value to the dollar. people have lost all of their savings and purchasing power. there is an urgent need for very urgent economic and social reforms and put virgina. i am asked them that inject liquidity in the system. we are in the system that is out of foreign currency. we urgently need foreign currency. there is no way to swim. grants is going to come in without an eye on the program. there is no way and i must program is going to come in without necessarily the form. and there is no way this political class going to conduct these forms. i've been good talking to you.

thanks so much. diana manenda, thank you. and bangladesh is battling not just the pandemic, but soaring food prices too. and that's putting basic foods out of the reach of many times. the challenger has more from the capital. dot com carn buzzer is one of the busiest open air kitchen markets in dhaka. but there are hardly any shoppers on this day because of a nationwide locked down to prevent koby. 1900 begum is among the few who came out for groceries. but fine food items are more expensive than usual. yes, kicking initial i came out to buy some green vegetables. the prizes of everything has gone up on the market. maybe it's due to the lockdown or because they're not enough buyers, but logistics and supplies open. not sure why. market experts say soaring inflation, along with the rising foot prices in bangladesh and recent month have put an

additional burden on low and middle income households. many here have lost their jobs. other sources of income during the current virus pandemic. why that does all the essential food items prices are getting high, but in comparison, people's income has not risen. so it's becoming hard for middle class families like ours to cope with. it would be good if the government intervenes to stabilize the market. according to data from government agency, nearly all types of daily commodities are now being sold at a higher prices compared to the same period last year. rise. and until 2 of the most basic food staples are most bangladesh and recent prices on many food essentially have gone up, making it increasingly hard for people to make ends meet. the government has announced a number of stimulus packages for different sectors and beneficiaries. during this health crisis, but not everyone is getting the help that need. so we've got a lot of them. it's very hard on the daily vigilant. they're not able to own enough

money or get a full square me. what the estimated glass of suffering the most. many are not able to go to work and they are also embarrassed to seek help. they're not getting any kind of help. many are suffering quietly at home and some here believe holding of goods and manipulation of the market might be creating an artificial crisis. i'm wondering, what do we think one of the main reasons for the price, like if the desire to make an unreasonable profit by vested business interest groups, and lack of proper regulation and monitoring by the government and their businesses open access to manipulate the market. despite the pandemic bandwidth issues, the economy continues to grow by more than 5 percent. but analysts one, the rising inflation and growing foot prices could hamper economic recovery and possibly lead to a food shortage of in a country. already, heat by severe weather and pandemic related disruption. and that's our show for this week. there's more for you online vo, down just 0. don't. com slash ccc. that'll take you straight to the page which has

hire you to catch up on. i'm sam is a dan from be counting the call team here. thanks for joining us. the user now just era is next. ah, news. news. news. news. news. one of the fastest growing nations in the, i want a condo needed to open and develop it back into national shipping company to become a t middle eastern tough for trade and money. still filling out 3 key areas of filling up front of connecting the world,

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