have to do much to keep the forest from growing up. he says the trees already producing seeds which are being dispersed with the wind and move ripened in the ground. nature will take care of the rest to maintain this environmental footprint of the real olympics, monica and i give all just eros realtor scenarios when everything right here, algebra dot com. ah, look at the main stories. now. taliban has captured the southern african city of orange, the 1st provincial capital to fall to the group since they started at targeting urban areas. so roger's important because it borders iran. the significant trade route for the government video released by the taliban shows them on the streets around the city report suggests about 20000 people have fled across the board from

nimrod province where the ranch is located into iran. this is just the latest flash point to fighting between the afghan scarcely forces in the taliban continues in different parts of the country. meanwhile, the special envoy says that the conflict and i've got histone has entered a dangerous new phase with at least a 1000 civilians killed in the past. month alone, speaking to security council meeting, deborah lines one, the country will descend into catastrophe if security council members don't take action. that ghana stan is now at a dangerous turning point. ahead lies either a genuine peace negotiations or a tragically intertwined set of crises. and increasingly brutal conflict combined with an acute humanitarian situation and multiplying human rights abuses. i do believe that the security council and the broader international community can

help prevent the most dire scenarios. but it will require acting in unity and acting quickly. and all the main story, thousands of people are continuing to see the files that are incinerating grace, waves of greece and turkey temperatures. increase of now dropped below 40 degrees for the 1st time. and nearly 10 days. high winds is still full cost and fire fighters, new capital athens have been going door to door aging people to leave the area. the far emergency in turkey is now interest 10th day with 36000 people taken to safety across the province. langler and fire brakes are being created in an effort to prevent the flames from reaching the coil power plant. this is the 2nd facility in turkey to be threatened this week. well, those are the headlines this hour. that's it for myself and a team here in london for now we will see you tomorrow. counting cost is the program coming up next. the u. s. has withdrawn the majority of its troops from

america, the longest war, leaving the battle for control. the africa military be able to hold its ground against the taliban, and the afghans to help the american war effort relocated to the u. s. the future hold for that special coverage for not going to san on al jazeera. ah, there are mccloud, this is counting the cost on al jazeera. you look at the world of business and economics this week. the lopsided economic recovery and the vaccine, and the quality between rich and poor nations widens. but it's old wounds that are being opened up by the pandemic. can the i m. s news, 650000000000 dollar fund, bridge the gap. also this week paging regulatory assault and private companies, whites, one trillion dollars off the value of chinese stock. what's behind beijing stance

could be followed by other countries who's how the biggest shipping port in the western hemisphere cannot cope with the trillions us stimulus. ah. so from trinity a to south africa, the pandemic has reopened or exposed existing economic and political challenges. failures to tackle unemployment, the accumulation of debts, rising inequalities, leading to social unrest with no end to the health crisis inside. as a 3rd wave takes a grip across africa, the international monetary fund has warned. the gap between rich and poor nations is widening. while the i m f, increased its full cause for advanced economies growth this year, the washington base institute cottage growth forecasts for emerging and developing economies. the i m. f, is blaming the unequal deploy to vaccines for holding back growth. about 40 percent of the population in advanced economies had been fully vaccinate to, while that figure is just 11 percent or less in emerging markets and low income

developing economies. a repeated cool to rich nation to contribute $50000000000.00 to provide vaccines for developing nations to bring an end to the pandemic. possibly by the end of next year, it's approved the $650000000000.00 fund to help countries through the crisis. about $21000000000.00 will go to low income countries, and $212000000000.00 will go to other emerging markets and developing countries without counting china. all that money would come in handy for south africa, which is counting the cost of unrest that killed more than $300.00 people. following the jailing of former president, jacob zoom in south africa has limited room to maneuver after a decade of bailing out failing status. companies and corruption, there has been a smith takes a look at the aftermath of the unrest of the li comrey surveys, what's left of his parade of shop in bulwark next door. we have got a group of doctors that at the spent quarter of a 1000000 setting up

a nice practice in under 48 hours every shop in this bustling town was stripped than torched. a community of 35000 people now left with no commercial center. scaring the looting was sparked by the jailing of former president jacob's humor. it was given momentum by chronic poverty and inequality in south africa. made worse by the pandemic, were a couple of hours dr. outside durban. and it's only when you leave the city, get a real idea of the scale of the looting, because not a town or village seems to been left untouched. outside the furniture store, people cute for taxes to help him carry home the bulky beds and sofas they stolen. the local police. overwhelmed, stood by and watched. it took a week for the south african government to restore order. here in jacob zoom as hope province of cause, that's how it,

how ting with no shops and no post office to withdraw allowances and with distribution centers also hit by looting. people will likely go hungry. it will take weeks at best, for this town to be able to offer even basic services again. when a party to end it almost 30 years ago, millions of south africans like dorian and gamer, hope for a future of equality, opportunity, and prosperity for her. her children and her grandchildren, it hasn't turned out like the dorian story, is one of frustration and wasted potential. a story familiar to millions across this country. i was interested in going maybe university's way, but i put into 40 because it's too much. i could, i couldn't afford it, but i was so interested in being something having some profession. but i can.

the world bank says that south africa is now the most unequal society in the world . the top 10 percent earnest take home 65 percent of the income and white people still more likely to find work and better paid work than that black counterparts. doreen would at least like her grandchildren to have a fair chance that growing up in a country where half the population lives below the poverty line. right, let's get some an analysis now from a b b. i'm going to last. see, he's a director of the african department at the international monetary fund and joined us from washington dc via skype. hello there, mr. selassie. hi, how are you? i will this unrest that we're seeing around the world is not just about the pandemic. it's all about longstanding economic and social issues. it's a $1000000.00 question, but what needs to be done? well, you know, at the moment in sub saharan africa in particular, the key challenge tracing their countries is the pandemic. of course,

that comic troubles but countries are having released them from the pandemic. and as managing that extra study, you know, give a, has been saying, we've seen a dangerous divergence between the path, both of the pandemic, but also economic performance in the richer and put up countries around the world. south africa, notably as well behind in the vaccination progress. so that is really the key worry that we have. and of course, without the vaccination, without vaccines, shots of the arms, without getting the pandemic under control, trees difficult to, to build and look forward to stronger economic performance. which kind of help address some of the social and political tension that we've seen. and you have suggested that rich nations contribute to this 50000000000 dollar vaccination fund to assist with this program of vaccination port nations, people in port nations. how's that guy? one of the things that we've been doing quite

a bit in recent month is really to lay out the scale of the problem without understanding the problem, how it's impacting various countries. it's difficult to find a solution. so we've laid out what the scale of the problem is, why it's important to vaccinate people, making the economic case, the social case, the moral case. and then also, you know, the country specific level. we've developed a dashboard where we are showing the kind of what each country needs to do to these objectives that reset off 40 percent by the end of the year and 60 percent by the middle of next year. we're doing this, of course, in conjunction with the partners that are really much more important voices when they say our w, h o bank, the retail and you know, we're collaborating greatly. and financing, of course, is a very important part of how we can get to these objectives in recent years. it has been some real progress, hasn't there, and in cutting poverty and inequality in africa. but what kind of damage has the

pandemic done to that progress? advance, it's really awful. so you know, the public key rates and sub saharan africa and ninety's was high of 65 percent and reflecting strong economic reforms good growth over the last couple of decades. they had their whatever declining trend, so declining to about 40 percent africa by a few years ago. unfortunately, with the span demik, we're seeing a reverse held him back to project 3 just over the last year. the well, bank estimates that as many as 30000000 people have fallen into poverty. so this exactly is why you know, the situation really have been pulling out the stops to support the region like never before. last year we went to the region. we provide a financing off the order of 13 times what we would, you know, in

a normal yes. and this year. of course, we're also hoping to do water where pressingly engaged been longer term programs. but also, just this week, our executive board approved the injection of the largest. if the, our allocation ever to $650000000.00 of which about $24000000000.00 will be going to sub saharan africa countries. and that will be a very important financial shop in the arms for 4 countries. now the m f is suggesting that countries kind of spend their way out of the pandemic, but for developing nations that's just not possible. is it a lacy ahead? is a debt button. what is really important is if that is of course, i am death issues in the region. however, when you have an ex, essential crisis like this, if you don't get, if you don't get that health situation under control, if you don't put the pandemic behind you,

you have more issues than just death to deal with. so really is very important to, to tackle the short term crisis that countries facing. and financing is not the only solution, but it is part of the solution. of course, there will be deeper reforms needed. and in those cases, in those countries where depth is clearly unsustainable, depth restructurings will be important. so we need to move on all those fronts. but really the existential nature of the threats that countries facing, i think, requires a different response than the fiscal prudence. but at a time like this, really what's called for as a tackling this crisis had on the south african president finally. so around phase has also more help with debts in the g. 20 did offer relief on debt repayment, but it's the private investors who have failed to contribute. what can the m f do to facilitate that? it's really very important when it comes to death to recognize that that is quite

a look of hits region a the in countries in terms of the data pressures that they're facing in terms of the solution to the challenges. so we do quite a lot of work, of course, with individual countries to identify where this clearly unsustainable and then those cases provide support. you know, in the, in some cases that 3 profiling that's needed in other cases, deeper restructurings. so in a very country specific way we are working to identify what the optimal way of moving forward is. but again, you know, i want to stretch, that's the death situation in the region is really quite, quite diverse. you have a lot of countries that have, are facing fiscal pressure offerings and quite a lot of challenges, but are able to continue financing themselves through the market or relying on either sources or financing. but you have also have some countries where the situation is really quite difficult and you don't want those countries to to be

paying debt, particularly at a time like this. get ok. so getting the relief for them would be important. so really as country specific and we're working in a country specific way with, with our thought of these, i maybe selassie from the i'm f. thank you. thank you so much. the now what's important, unbridled rampant corporate growth. so social cohesion, well, it appears that china is choosing paying as made a call, a call that's taking a swipe. but some of the country's biggest companies also wiped out about a trillion dollars of chinese shares listed on the mainland in hong kong. and in the u. s over the past week. it all started with a humbling of chain as riches man, that's jack moore offered challenge regulates re concerns about the stock market listing of his and the group. the central bank wasn't keen on tech. john's encroaching on the banking sector without proper regulatory scrutiny and protection

for consumers. the property tax year was next. as soaring, prices in cities had price dot residence in the young aging is threatened to build more social housing and tighten the financing of developers. well, president, she has said housing is for living in and not for speculation. the sector has been regularly used as a tool to stimulate the economy. and then there was more pain for the tech sector after ride hailing at dd floated in. new york regulators weren't happy with its data security practices. next, the $100000000000.00 online education sector was brought to hill beijing said it didn't want hard press parents pay more money for after school lessons. and this week, state media, his out a gaming companies call them spiritual opium for young children. there's plenty to pay care, and i'm delighted that we're joined by daniel ives from new york. daniel is the managing director of equity research at wed bush securities. welcome, daniel daniel. first for 40 odd years, china's allow this,

i read their own version if you like, of capitalism to florida. but now it's instituted this crackdown. why do you think that's happening? welcome. in this scale, a scope of this crackdown. it's something that's really caught investors by surprise, and you've seen it's black cloud over chinese tech stocks. you know, i think in terms of sort of them asserting control in terms of especially i'm big tack dollar bob g, d, d, d, and others continue to get larger and larger. i think there was a little sort of that this crackdown showing ultimately who's boss, you know, in terms of from beijing but, but in my opinion it's really ultimately been a debacle in terms of the way that the scale. busy and how quickly they come down, it's really no matter where field. and when it's done, it's put a major anger on the ship when it comes to chinese tax docs. and that's why there's been a massive rotation out of the china tech sector. so what do you think behind this

is, is it real altruism or is a more business like alternative? no opposing the former. i think it's something where you're starting to see. i mean, similar what you see in the u. s. with sign names, google, apple, amazon. but but in china, if you look from ali baba to gd, to dd to by do just expanding more and more. and i think it started when you look at the and financial i p o which ultimately was, was really a soap opera situation. and as these big tech companies have gotten more and more powerful, i think is really scared beijing, i think it's sure to happen pretty quickly. this is them assuring the more of an iron fist in a crackdown but, but the problem is the way they've gone about it. it told me as a $1.00, 0 $1.00, how not to do it because it's come out of left field 24 hours later. the rules

changed and investors ultimately. busy are, are holding the bag, right? i mean, the stocks are massively underperformed, and i think for these companies to regulatory goal post, no one knows when you wake up in the morning what's going to be new weather, d, gaming, tutoring, stocks, or e commerce. and it's really turned into a har movie when it comes to the china tech sector. right. so it's taking everybody by surprise, but there's always, when is, there's always loses, right? in terms of finding a winner here, i'm a radically the winner. it's by us path because if you're a global investor and i heared from investors in the u, as europe and asia, you're just seeing a massive relocation from chinese tech to us tech companies, even though still regulation. so if there's a net winter in the us tack, but, but in terms of, within china, i mean, this is really across sectors. you so much more powerful companies in china, from a regulatory perspective that crackdowns hurt them. and now i think even though

right now, investors are trying to figure out what's the next step to do. they ultimately scale this down or do they keep going down the path? because in was really what are called a us china. cold tech war is some of the biggest arsenal are the chinese tech companies. and now the regulatory crackdown is, is really starting to clip the birds wings and you start to see that play out in the market. i expect more european us and other companies really to go after some of the market share gain that you could see because of the regulatory crackdown and within china this attack on the education sector. it is incredibly competitive business. so it's a good thing that it's perhaps pad down, but when it work, i think the jury is still out because when i think right now the problem is that you still don't understand what the goal post are from a regulatory perspective. now there needed to be some raining in,

but just like you said, i mean i think it's still needs to be played out over the next 6 to a month. there could be some share winners and some share losers. but what this is darlene, you've seen, and i mean it's really turn the sector upside down. and when the companies themselves don't know what the next step is, right. what about the property market? the president says, houses, if you're living in bed a bit, probably has always been a core element of any economy isn't. yeah, i mean that's why it's, it's one of these things where if you've ever invested in china, that there's always been risk. and everyone is understood that but now the risks are really starting to percolate and really ultimately get to a point that to own any sector within china attack is almost too much risk for an individual institutional investor and in your scene at massive rotation. and i think right now, just more and more the comments coming to china are perplexing. i'd say head

scratching for someone like myself that's fall there for 20 plus years on the on wall street. do you think this is the shooting ping aspiring to playing to the far middle classes? why i think there's a little that you can maybe me and say a lot of specially what was happening. electric vehicles, you're seeing 100000. our cars from the us perspective. fly off like hockey, right? so you're starting to see much more of a class divide in terms of the high and i think this is a little more. busy trying to rain in for the, for the middle class, but that kept already out of the back. right. in terms of what's happening in china . so it's a little too little to eat. and now that cracked downs coming with the wrong time. and then there's a lot of unintended consequences that are come in, i think even be genes realizing the earned him the consequences. but yet they continue to trip over their own shoes in terms of how i think be communicated. and

what about the knock on affected around the world as, as washington and brussels look on and examine, reexamine, perhaps their efforts to curtail big tech. why they go regulatory within brussels, within the beltway. i mean, there's rules and regulations. i mean, there's no play watching. so there's going to be continued scrutiny on big tact, but it ultimately happens more prudently. and i think that's why right now investors continue. so comes with a regulatory framework even though big tax can continue get rained. but when you look, even when it comes to fines in brussels, what we've seen play out and d. c, it's nothing compared to china. and i would argue to us now stars maybe even have a little more position of power the day and even have the year and a half ago because of the regulatory crackdown because we're starting to hurt some of the core assets within china. the baba's, the bi, due to gd, look at the d, d i p o,

that's another sort of black guy. and i think that's and that's going to continue to play out here in is a very well called rubik's cube political environment. interesting. daniel lives from new york, thank you. thank you. ok, a surgeon consumer demand has created unprecedented backlogs, of goods arriving in ports in the united states and elsewhere. snarling global supply chains and ships and shipping containers are an extremely high demand and the price of shipping has just skyrocketed. effects could be felt from corporate boardrooms to kitchen tables. for reynolds is more now from los angeles. the, it's a container, ship traffic jam, the twin ports of los angeles and long beach. the biggest in the western hemisphere are packed with giant ships bringing a flood of consumer goods from asia in terms of the amount of cargo coming in. we have not seen anything like it. we've broken records here,

month after month after month. that the port of los angeles ship traffic here is up 50 percent over 2019. and it's not just here in california all around the world from rotterdam to singapore. a surgeon export is putting a major strain on global supply chains and it's network of ships and containers. it's crunch time really in the container terminals as they struggle to get imports out when the exports in the reason coven, 19 for months, us consumers who are under locked down, cooped up at home with no where to go. so they went online and started buying stuff like crazy american. basically since the start of this pandemic, after a few months last summer, went on an unprecedented buying surge. and instead of going to the movies or using their discretionary income on travel or airline tickets, vacation, baseball games,

americans started spending, the goods that we bring in from asia just ex, loaded the spending spree, was supercharged by trillions and u. s. government payments. people are buying ports are busy economically, that seems like a good thing. but as with everything else in life, there is no such thing as a free lunch. the search has led importers and ex borders to compete with one another for scarce vessels and containers. driving up the price of shipping, prices are up 300 to 500 percent across the board. and who do you think will pay in the end? you've probably guessed it, it's really a significant increase in there's going to be a trickle down effect from this price increase into consumer prices. there might be scarcity of some goods during the 4th quarter of 2021 and the big december shopping season. and as for those pre holiday sales,

instead of these major discounts that are often happening on black friday, that might be a little less just because the cost actually import and ship all these products into a warehouse and get it in a consumer's hand, has differently increased snarled shipping effects, not only merchants and consumers, but growers, like steve reinhold just recently received some information that we could be looking to double the ocean break. reinhold exports millions of apples, but with ships no longer showing up on schedule, he's having trouble getting fruit on board. and even when he does well, i ad for a lot of apple the right in europe. on friday, normally at the $28.00 to a 30 day boat, right and worse, it was $64.00 days by then the apples were rotten. how long might this go on? it will take longer than most people expect to into fully unwind and get back to as i said, the next dollar. oh i spec patients is for this se above normal market could stick

around for another 12 month, basically, pandemonium in the ports and in the supply chain. better get ready for higher prices and scale your supplies. and that says, i'll show you for this week if you'd like to comment on anything you see, you can treat me, nick, clog, jazz. please use the hash tag a j, c t c, or just an email. counting the cost at l t 0 dot net is address. there's more for you on line of course and algebra dot com slash ctc. that will take you straight to our page, which has entire sites for you to catch up. that's it for this edition of counter because i'm a clock from the whole team. thanks for joining us. the news on al jazeera is next . ah frank assessments. by way, it is a lesson against freedom. surprising informed opinions. what you saw happening is

from market it was what it was for. petune is the critical debate that we are here . it's not between any other group that we have compet here between the 2 years. re running that even people in depth analysis of the days global headlines inside story on our jazeera lisa height of english football lies in elicit market for the rich and powerful. i'm one of the leading specialists under cover just years investigative unit exposes the inner workings and key players in the murky underbelly of football finance. for me to tell some people going, in addition, has been said that you can make an elephant disappeared. i have many of the exciting brazen example i've seen, the men who sell football just, you know, people have come to expect a lot for analysis era over the years. if they're reporting the commitment to under

reported place of the commitment to the human story. but it's also the idea of challenging those in power. if a politician comes on this channel, they will be challenged and that's what people expect for us. they want the questions answered. that is what we've always done. that's what we will continue to use me. taliban sizes capture their 1st provincial capital in afghanistan since the withdrawal of foreign troops from 2 mornings of a catastrophe at the un ganna stand is now at a dangerous turning point. head lice either a genuine piece, negotiation or a tragically intertwined set of crises. the .