can appeal to these 2 different groups of people may hold the key to success or failure. in september dominant cane al jazeera earl in london, zeus marking world lion day with a special meal for its newest big cat adria a 4 year old. a she active lioness. had her breakfast, served in edible, pappy mushy globes. she arrived in april as part of a reading program for this endangered species. well lined a is an independently organized campaign to raise awareness of the lion conservation. ah, top stories at $530.00 g m t. well, peters and environmentalists react with alarm to a un scientific report on the scale of the climate emergency. it says there is no longer any doubt that human activity is warming the planets, and warns that some of that impact is irreversible. first, it tells us that it is indisputable that human activity causing climate change and

making extreme weather events more frequent and severe. second, it shows that climate changes affecting every region on our planet. and lastly, its place that strong, rapid sustain reductions in carbon dioxide and other greenhouse gas emissions would be required to limit global warming. the greek prime minister has apologized for failing to properly tackle devastating fires burning across the country. officials to blame climate change for the record breaking keep wave, fueling the destruction. but critics say the government should have been better prepared. emergency crews in northern california have owned a growing wildfire could take weeks to contain the so called dixie fire has been active for more than 3 weeks and covers an area larger than new york city. several people are missing thousands of fled, their homes. wildfires are also sweeping across bolivia as eastern lowlands put in

a large area known for its rich wildlife at risk the fires of devastates 2 times in the region of santa cruz. the an invoice to have kenneth dunn's el mika littles ard is heading for kat aren't press taliban associates is to stop the military offensive in afghanistan, the group says is captured at 6 provincial capital since friday i back is in the northern province of summer gun a court in china has rejected an appeal from a canadian man sentenced to death on drug smuggling charges. he's robert schellenberg. he was given a 15 year jail term in 2018, but he was re sentenced to death. 2 months later, after top chinese tech executive mang when joe was arrested in canada in relates to charges in the us, canada, san basset to beijing says it is no coincidence. this verdict has come, while many extradition trial is ongoing. those are your top stories up next, counting the cost. i'll have a quick summary for you in 30 minutes. the hype of english football lies analytic

market for the rich and powerful. i'm one of the leading specialists. work undercover just years investigative unit exposes the inner workings and key players in the murky underbelly of football finance. he's held something like one in addition has been said that you can make an elephant disappeared. i have many of the brazen example i've seen. the men who sell football on i was just, ah, there i'm the cloud. this is counting the call on al jazeera, your look at the world of business and economics this week. the lopsided economic recovery and the fact seen an equality 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, 600. $50000000000.00 fund, bridge the gap. also this week,

beijing's regulatory assault and private companies, white's one trillion dollars off the value of chinese stock. what's behind aging stance? could it be followed by other countries who's, how the biggest shipping port in the western hemisphere cannot cope with the trillion us stimulus? ah, so from trinity 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 forecasts for advanced economies growth this year, the washington base institute cut it grateful costs for emerging and developing economies. the i m. f, is blaming the unequal deploying to vaccines for holding back growth. about 40

percent of the population in advanced economies had been fully vaccinated. while that figure is just 11 percent or less in emerging markets and low income developing economies. a repeated called for rich nations 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 a $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 state and companies and corruption algae. there has been a smith takes a look at the aftermath of the unrest. lee 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 a 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 censor. scaring, the looting was sparked by the jailing a form of 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. and jacob zoom is home province. of course. 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 in a 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 white people still more likely to find work and better paid work than the 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 so last see, he's a director of the african department at the international monetary fund and joined us from washington dc via skype. hello, 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 that countries are having released them from the pandemic. and as managing director, spelling, 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 our countries around the world . some 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 academic performance which can help address some of the social and political trenches 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, poor nations, people import nations. how's that go? one of the things that we've been doing quite a bit in recent months 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 model 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 audibly h o l 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? that advance really awful. so you know, poverty rates and upside on africa and ninety's was high as 55 percent and reflecting strong economic reforms good growth over the last couple of decades that had there was a declining trend. so declining to about 40 percent from south africa by a few years ago. unfortunately, with this span demik, we're seeing a reversal him back to project 3. just over the last year, the world bank estimates that as many as 30000000 people have fallen into poverty. so this exactly is why, you know, as an institution 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 year 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 off the lie just as to 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 burden? what is really important is if there is of course, i could death issues in the region. however,

when you have an existential crisis like this, if you don't get, if you don't get that help situation under control, 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 are 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 death is clearly unsustainable, restructurings will be important. so we need to move on all those fronts. but really, the ex, essential nature of the threats upcountry 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 and 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 it's renee the country in terms of that that pressure is 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 that is clearly unsustainable. and then those cases provide support in some cases that re 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 in quite a lot of challenges, but are able to continue financing themselves through the market or relying on

either sources of financing. but you have also have some countries where the depth situation is really quite difficult and you don't want those countries to to be paying debt, particularly at a time like this get. so getting relief for them would be important. so really as country specific and we're working in a country specific way with our authorities and maybe selassie from the i'm s. thank you. thank you so much. the now what's important, unbridled to rampant corporate. great. so social cohesion, well, it appears that china is shooting, paying as medical, a call that's taking a swipe, but some of the country's biggest companies, those are 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 rich his man that's jack moore, offrey challenge,

regulatory 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 tact here was next as storing prices in cities had price dot residence and the young beijing 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 bay. james 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 40 years china is allowed this me, i read their own version if you like, of capitalism to flowers. but now it's instituted this crime down. why do think that's happening? welcome. in the scale of scope of this crackdown, it's something that's really caught in masters by surprise. me. 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 knew 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 busy and how quickly they come

down, it's really crow, 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 mass of rotation out of the china tech sector. so what do you think is behind this? is it, is it real altruism or is a more business like alternative know, advising 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 buy do just expanding more and more and i think it started. when you look at the and financial, i totally was, was really a show bopper situation. and as these big tech companies about more and more powerful, i think is really scared beijing. i think it's sort of 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 change and investors ultimately are, are holding the back, right. i mean, the stocks of 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, whether the 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 mean, radically the winner, it's by u. s. path. because if you're a global investor, 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. your termination was 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 the ultimately scale this down or do the keep going down the path because in was really what are called a us china. cold tech war is some of the biggest arsenal or the chinese tech companies. and now the regulatory crackdown is, is really starting the clip, the birds wings, and you start to see that play out in the market. i expect more european us and other companies really go out to 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 wow, the companies themselves don't know what the next step is, right. what about the property market? president says, houses if you're living in, but it 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, there's always been risk. and everyone is understood that. but now the race 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 commons coming to china are perplexing i. j. head scratching for someone like myself that's fall there for 20 plus years on the on wall street. do you think this is she paying? aspiring to playing to the foreign middle classes. why i think there's a little that happening. and you give me the me and say a lot of specially what was happening, electric vehicles and 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 crack downs coming with the wrong time. and then there's a lot of unintended consequences that are coming and i think even be genes

realizing the earned and the consequences. but yet they continue to trip over there . and she weighs in terms of how i think the communicate it. and what about the knock on effects it 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 also a watching, so there's going to be continued scrutiny on big tact, but it all, to me happens more prudently. and i think that's why right now, investors continue to comfort with a regulatory framework, even though big tax going to continue get rained in. but when you look, even when it comes to fines in brussels, what we're seeing a play out in d. c. it's nothing compared to china and i would argue the us. busy 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 didn't started 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. darya 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 from 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 at 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 covert 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 3rd is lead 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 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 freight costs. 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 add loads of apples arrived in europe on friday. normally at the 282830 day boat. right, and worse, it was 64 days by then the apples were rotten. how long might this go on?

it will take longer than most people expect to and to fully unwind and get back to as i said, the next dollar. oh i spec stations is for this say 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 meet nick, clock al, jazz please use the hash tag a j c t c or just comes in e mail, counting the cost at alpha 0 dot net is addressed as more for you on line of course algebra dot com slash ctc. that will take you straight to our page, which has entire states for you to catch up. that's it for this edition of content because i'm the clock from the whole team. thanks for joining us. the news when i'll just era is next. ah

ah crime. that shook japan, or people get killed on one occasion in as bloody a massacre as this was, attracts a lot of report. there was just a current drum. the who did it. we did it, we did it. have the conviction that led to the world's longest hell, the throw prisoner and his sisters, 47 year long battle to save him from execution. witness. how come adam? japan's death row on a jazzy data, the on august 12 band yet goes to the polls and what approving the hotly contested election as the country grappled, you can run the troubles and the impact of coal the 19th day without is there for the latest upgrade. an in depth analysis and what the future holds we understand the differences and similarities of culture across the world. no

matter why you call out to bring you the news and current affairs algebra me . ready logan peter, they'll be here and how you top stories on al jazeera, the us enjoy for us canister tons i'll may cut ills out, is heading to cats are to press taliban negotiators to stop the military offense if the group says it's captured at 6th provincial capital. since friday i back is in the northern province of summon gun. the taliban also claims to be closing in on missouri sharif, the largest city in the north. the afghan interior ministry says government forces of pushed back against the taliban in some air.