listener, so you have to be more than just strong. you have to have christmas and manners and be a role model for the other wrestlers. and that could be what he'll do next. having been given japanese citizenship in 2019 how coo, whoa is reportedly considering opening a stable in japan to train young, restless to show gratitude to his beloved sport. dorset jabari al jazeera. ah hello, that is out of there. and these are the top stories. germany center left social democratic party has won a narrow lead and parliamentary elections. and leader of sholtes says he'd like to form a coalition with the greens on the free democratic party. the villa villa of dick logger spot the wars had spoken very clearly. they said who should form the next government, the strength and 3 parties, the social democrats, the greens and f d p. this is therefore,

the clear mandate that the citizens of this country have given this tree should form the next government. and the german capital berlin looks set to get its 1st female man. the central f social democrats appeared to have defended their hold on the mayoral post in berlin. setting francisco, give he encore, to become the city top official supporters of civilian role. and to dawn have been protesting, demanding the disillusion of the transitional government. the sudanese professionals association wants an end to a power sharing deal with the military. we will defend our government, people under democratic transition to the last drop of blood. and if there's any threat to the democratic transition will fill the streets and will be at the forefront. that's our responsibility. the british environment, secretary says train us from the ministry of defense ought to be years to care a backlog of tests for truck drivers. the lack of drivers is lead today is of long queue that fuel pump. serbia has sent troops and tanks to its border as around

a license, pates escalades, ethnic subs living and northern coast have been protesting by blocking roads after cost of a band. the entry of cause with sevien license plates. a 2nd hearing in the trial of 14 palestinian authority, security officers accused of being an activist. death has been adjusted in ramallah . his bonnet was an outspoken critic of the p a and its presidents. he died in june hours after being a reference. the investigation into the bay room last has been suspended once again . after a request to remove a judge from the case. teresa has been accused of bias and misconduct. also, charging senior official, more than 200 people were killed and thousands injured in that explosion. well, those are the headlines. i'll have more news for you here after counting the cost to stay with the me. ah

ah, ah, hello, i'm adrian said again. this is counting the cost on i was just 0, you'll look at the world of business, or you can all makes this week, gas prices are rising and there's no end in sight as winter arrives in the northern hemisphere to europe. gas shortage could cost the world a lot more to keep warm. also this week, the rise of crypto currency and emerging markets despite fanning trading in nigeria usage is rising. so boucher plans to roll out its own e currency and thousands of illegal minors,

descended on this andy and mountain parish in ecuador, in search of gold. they left behind a trail of irreversible environmental damage. now the community is fighting against a couple minor backed by the government. ah, there is a little corner of the energy market that gets very little coverage, but after a cold winter in europe last year, the continent has failed to fill its gas storage tanks for the next 6 months. now that failure, percent gas prices surging. and there's very little evidence that their supply to be demand this winter. it's not just a problem for europe. the rest of the world could go without as rich countries corner the market in a similar way to the vaccines. this year alone, new york natural gas futures are up 106 percent to a high of $5.20 for $1000000000.00 british double unit its highest in more than 7 years. but the equivalent gas in europe and asian markets costs $25.00 for

$1000000.00 british thermal units. storage sites a less than 72 percent for that's the lowest in a decade. or knock on effects. a huge cf industries holdings, one of the world's biggest fertilizer groups has been forced to close to plants in the u. k sparking fears of a looming shortage of ammonium nitrate that could hit food supplies and a shortage of carbon dioxide production could hit the meat to soft drinks industry . what gas is also used a power electricity generation. unsurprisingly, prices of soaring in that market to several energy suppliers have already collapsed in the u. k. governments across europe, preparing to hand up money to households the cup of the higher winter energy bills . still consumer groups of warning, but the most vulnerable could be hit with fuel poverty this winter. according to european think tank rugle, a doubling of wholesale electricity prices from about 50 euros per megawatt hour to

$100.00. euro's would imply that the you, consumers pay up to $150000000000.00 euros more for the electricity that's adding to inflation repressions in the euro zone. according to capital economics. since the beginning of the year, the rise of gas and electricity is that it half a percentage point to headline inflation. will some of the blame for the gas shortfall in europe has been put on wash up? it's sending less gas via its pipelines through ukraine. but russia could open its new, controversial nord stream to gas pipeline. the pipeline connecting russia to germany has been opposed by the united states, but german regulators have said it could take 4 months to certify the recently completed project. while to discuss all of this, let's bring in simone a talia pietro, a senior fellow at the brutal think tank where he research as you climate an energy policy. he joins us now via skype from rone. somebody good to have you with us. so what's behind this rise in gas prices then how much of this has to do with europe

failing to philip? it's gas reserves. thank you. well, in europe today, find a perfect storm as far as nature and got the market concert. what could go wrong over the last month went wrong. on the demand side, we had a bad cold winter which pushed the residential eating demand for gas. at the same time, we had an economy recovery, of course, in europe, and therefore the industrial demand for got when higher at the same time got was also more and more requested for electricity generation. as i've asked them to think on the one hand c o 2 prices in europe, when top favoring a cold gas switch. and at the same time, the output of wind, what particularly low jewel betty poor, we see them all be increased demand in europe. at the same time,

we have problems on the supply because the european domestic production, easy craving, norway has had some problems. and russia is not standing, all the molecules, europe would actually need that to be to asian started just let us in europe are low. we're venue in these period of the year high that the new winter season and lot of concern for annually and traders because people now expect a potential gas crunch in the winter should. temperatures be better. you know, you're also arguing that the way in which the european gas market is structured is, is also a fault here. why is that? well, over the last years, the european got the market at become a more modern, let's say it moved from a traditional structure of oil indexation in gas contract to

a spot market. 80 percent of the european got to be traded on the spot market disease. of course, giving great flexibility to the market is a good thing, but in this particular condition, it's for they're adding pressure on the situation because europe is not the longer the work, asia is demanding a lot of n and g and the economic recovery. these also have been in asia and therefore europe as to pay more and more for the gas it was to get. and the 2nd suppliers, like russia, for example, talk about their willingness of favoring a market. given that the price that there are even higher than in europe. all right, sir, if not stream to were to come online at a time soon with that help alleviate the problem. that's the political point.

because all the situation happens at the time, we're not getting to as being billed, and russia is waiting for the certificate ations to start using it. the kremlin said that should not dream to be allowed to operate immediately. the gas prices in europe will go down. these, the paving, the way for reflection about the weather. russia is using the current situation to foster the cave for a quick entry into operation not, not going to. so the question is, russia, you will be in a political manner in order to remember euro important that russian got is important and not going to is important because it seems to be the case. and as a matter of fact, earlier this week, the international energy agency made the statement, which it clearly said the trash can do more to supply europe through the existing

operating by brand. which by the way, you're not looking at the capacity many expected to for the ground in october. and therefore, it's a high moment for russia to show that if he's that reliable supplier to europe. and if we look at prices across the continent above why other u, kays, gas, and electricity prices, the highest you, casey, to ation is particularly difficult in these moments for a number of different factors. for 50 percent of the electricity you generated with gas. and that, or the system in particularly what happens in the gas prices, 2nd aging fleet of nuclear power plant in the u. k. and the theories of plan old to just you to the need of providing maintenance that was not 14.

i've been pressure on gas demand for electricity generation. 3rd, and i think the interconnect are supplying, going to be from france to the u. k. got fire and therefore was interrupted. so all of these factors added to the fact that the wind speeds in the u. k. have been the lowest disease on since the 16th made it way, particularly difficult in the country for how should govern going to protect their citizens from higher energy prices can can. how long can they do that for, and how is this going to affect poor nations? in particular? we need to take into consideration one fact, these, these, them for any crisis. if you look at the market, and if you look at the future, for example, at the dot got hub, which is the most important in europe,

you will see that trade. there's 2, they think that after the winter, so in the spring 2022 prices will go down to the normal levels. so here we have an issue with that coming for 56 months. how boy the end of the winter, that the question, what the country, what government can and should do is to put the play mechanism to protect the month of all of a t p. then, and more me, humans, the prices for the price shock. this is what the product sample from been doing, expanding the name of energy vouchers. this is what it now is doing by cutting certain costs in the electricity and got bills for gas commerce, families and mon, you meant their prices and what other countries are also doing. it is important

that these point to protect the most vulnerable to protect your mentor prices, but then not to interfere in the market mechanism because the market will keep working properly afterwards. so be the, the best way to the ends of the crisis. the long term fees for the situation is different, easy to scale up investments and rolling out of renewable energy sources and energy efficiency solutions. summary, it's been great to talk to you on kerry because manufacturing day for being with us . thank you so much. the a community in ecuador has been trying to resist the advance of mining companies, residents from la medistat, and why does not as a pushing for it to be stopped, but, but countries cash strapped government is backing the firms slaves bo reports. lemme said they went aside, is he says, mold perish in the middle of the end, this mountains in a while. yeah. residents,

you have been struggling to defend the community for mining, and the damages cost is for years the now they're opposing the entry of a subsidy. or your views, trillion, company hancock, prospecting. i firm that has 6 mining concessions in the area to extract copper. the police were recently deployed to the area to protect your operations. you fear gas and violence to control a peaceful protest fully. madame us is a parish leader. she says she has lost hope because know when he's helping them in the fight to protect the community. when they, when they the village grow, other than when cyrus has lost all, how is there is no government, no law, any hurts. we want peace and i'm trauma ties. we thought the police there was censor, respect us, because there were woman, old people, but it was the contrary. the police is not for us for the poor, for rural communi. police is for the rich, the people of lemme said they want to say to say,

they know what mining can do to their territory. 4 years ago, they resisted when at least 10000 illegal minors invaded the mountains in search of gold and filled the water with mercury and cyanide, and left a trail of irreversible environmental damage. crises for the government to declare a state of emergency. but now with established companies trying to legally enter the territory again, franklin romito is concerned. but on the 3rd of love montane of for us, the mountains, the water is everything, is our mother, is how we can survive. the government is giving all the facilities for the company to come here and destroy the area. nobody asked us whether we want this, the government concession to the companies. question by reported by the controller general of the state environmental group say it was was constitution is being violated. and if that might be a thought, i wouldn't say that the state is violating the rights of the people to guarantee the work of trans national companies. the state has failed in the past because of

the legal mining crisis with him now they want to bring legal mining, but they are doing it with no previous consultation as the constitution demands president, because they are more less, he has created an action plan to promote legal mining and it's hoping to exploit over $2900000.00 hector's in the country. while orders mining chambers says dialogue is the only way out of the crisis. yoko can look, see, there is no industrial in the world that is born without those 1st pains. i believe the future of the countries in mining, i believe we have to care for the environment, would be also need minerals. the best way to stop the legal mining is to promote legal and responsible mining by the lemme to say they went to the site as people are afraid, they believe their territory will be destroyed and their interest will be ignored. once again, several other feeder. the fast moving world of crypto currency, it may surprise you to learn that the fastest take up is in emerging economies,

and we're not talking about speculation here, but for everyday transactions and savings. these are the top 20 adopters of crypto currency. according to chain analysis. it's an interesting study because it strips out trading and speculation and as you can see, the nom tops the ranking with india and pakistan. rounding out the top 3 rough galveston is popping up the table 7th on that list. is that his whale up? that's because the local currency has been made effectively worthless by hyper inflation. now the government has come up with a plan to try to fix it. his a latin america, human just like you can't judge a book by its cover, you can't calculate the value of in israel as currency by the number of zeros that are added or subtracted as of october. first, this 100 boulevard note will be the highest denomination equivalent to today's 100000000 boulevard. note, that means 6 zeros will be removed from

a currency that has been sold to valued by hyperinflation. but it's become practically worthless. comments. i thought this is only for the bus we want to come up. all of us now are only useful for public transport or nothing else. everything else is paid with us dollars. when his, when his currency costs much more to make than what it's worth, inflation in the 1st 4 months of this year was nearly 300 percent. and last year it was 3000 percent. that's why the country's de facto currency has become the us dollar. but millions of venezuelans don't have access to it by slashing 6 zeros offered currency. the government hopes to reinstate the widespread use of its own coin. penis will bring back home and it has certain advantages. but these advantages don't generate benefits from a strictly economic point of view, that would require a series of measures to control inflation, to avoid more re conversions of the currency. the socialist government flashed 3

zeros from its currency in 2008. and 5 zero's 2018. so did he look, he is not optimistic that 6 will do the trick. when i look at it, this is going to become what it's already become. as all the counties here have become, if they have all become worth the saw, it is willa has been experiencing its worst economic crisis in history, reducing bills to single double or triple digit denominations, rather than millions will certainly make prices easier to calculate. but unfortunately, it won't make the embattled believer more valuable. she and human al jazeera. well, that way the central bank says that it plans to print video bills, so we'll go to circulation on october, 1st one, encouraging venezuelans to use a digital version of the currency to simplify daily transactions. the currency will be branded the ball of our digital. now the 1st to integrate bitcoin as legal

tender was el salvador. the plan has been criticized by the international monetary funds because the fullest how crypto currency could further undermine the countries stability. but enthusiasts argue that many people prefer to use crypto g to the low transaction costs of sending money overseas like remittances. it's highly unlikely that other countries will follow el salvador lead crypto currencies are not the same as regular currencies, but some countries are making the transition to e currencies. the bahamas was the 1st to introduce its own. sam, the dollar and china is trying its own a currency. beijing, along with many other countries, is cramping down on bitcoin trading. the fear is that they would lose control of a monetary policy. if crypto currencies are adopted, widely, many advanced economies a trying to accommodate bitcoin, and thousands of other tokens rather than banning them will despite a battle in february and crypto currency trading in nigeria transactions across

peer to peer platforms have sought from $33000000.00 to $44000000.00 in august, the counter that my jury a central bank is decided to launch its own digital currency the in ira later this year. well let's get some more analysis on my cheerios decision to launch its own e currency. joining us from lagos is about me, michael, chief executive of the asset and equity group. good to have with us on counting the cost of a me. why has that been such a strong stake? take up of crypt, currencies in emerging markets in particular compared to established markets. nyja is leading in terms of adoption. well, so, but then the add to that the regulators average i didn't creek to generally the control ok, regulatory wants to regulate. but then crypto does not really have so much ways around revelation. so you know, it's more of

a cut on dog kind of situation. so it's put on old right now. not like the entirely out of the market or not. that is, it's entirely not in use are all in i junior. what people still won't find out we are using to to but then officially it which on hold around. so nigeria plans to launch its own e currency. how, how do they differ from electronic payments that we're currently making is going to be deny, rob mean said by the central bank of nigeria directly. so the major difference between the 2 d, on the electronic demand system that we already are going to country, is that the wallet system dot follows the rock will be managed directly by the center of the center will be in charge of reducing mean chain and distribution of in ira i think guess, situation where most payment systems are managed,

controlled on more or less money thought by premier license payment system switches . operators within the niger. and do you think the people of nigeria will actually embrace in ira as the means of savings and transactions? oh, they just got to continue to use the centralized script of currencies. why do people love decentralized currency in the 1st day? ready so people are shown, i've demonstrated to be much more interested in anonymity in less disclosure, not i've been to go through too much verification or too much restrict shows as to when payment is about is to be initiated. so i see a little bit of some level of a locked in, i mean use our adoption. but then it's the government when the government into law, if law and you know, i listen to one of the died of payment odyssey

b n. they send out a conferencing, it's will be mandatory for anyone to accept the you know, because the app is just as much as your normal traditional and i knew there was to be some level of resistance because people don't want to disclose so much. people want some form of lee, but the, when it comes to international transactions, offshore remy dances under rest of the if the country has to be value its currency again, at some point in the future. presumably that would impact the currency to one of the oppose. i didn't market to deny, right? you know, definitely would definitely have some ripple effect on the normal or whatever we choose to use where the changes in the future or not is still going to are the same impact bought. what impact, what the use of the currency have on the financial sector of an economy

that don't require definitely will bring down costs with the financial off the stem it look, i mean, of course, because the cost of the money is also a costs and the cost of, you know, managing distribution and of course, transportation of cars, they're, all these are called suited with money, which when you mean it'd all, it's which, where reduce, of course, will transfer over trans live to reduction in middle cost to use as a customer of bands. and what can i do shows? so generally cost comes down to go see in printed on, off cause or the benefits you know, the currency my out on the financial system for instance. now just leading to game economy. see right now that job will be the 1st african, honestly,

i mean african country to issue the currency at the live very soon. john, i is you, the us. so i believe is gonna be currently on the currency to be easy. point i juwan to we think i, ma'am, it's been great to talk to manufacture date for being with us on counting the cost . all right, thank you. and that is our show for this week. if you'd like to comment on anything that you've seen you can get in touch with, you can treat me. i'm at a finnegan on twitter. please use the hash tag a j c t c, or drop us a line counting the cost of al jazeera dot net is our email address. as always, there's plenty more for you online at al serra dot com slash ctc. that takes you straight to our web page and you'll find and time episodes to catch up. but that's it for this edition of counting the cost. i'm adrian fed again for the whole team by joining us, but he is on al jazeera. ah

ah, ah. ah most people will never know what's beyond the stone, the deafening silence of 100000 and how it feels to touch danger every day. most people will never know what it's like to work with. every breath is precious with fear. it's not an option, but we're not most people frank assessments. what's the point of the

un multilateralism isn't part of isn't dna. we need some or we're sovereign states can exchange use informed opinion is likely to change biking behavior and it's not going to change their behavior. they are going to continue to do what they do and it's going to be more in trade and less in terms of trying to match up with this more games ontology. in depth analysis of the days global headlines inside story on our jazeera, we understand the differences in the cultures, the cost around, no matter what moves wilson been using. cohen does that matter to you? stories that need to be told. find a way the opening a window into another life. these are my babies, my students where i go, where i see them. it's just like we were in 2nd grade. when personally endeavoured . epic struggle to collateral sacrifices in individual journey with

new showcases in firing documentaries that change the while on al jazeera. ah me, my idea is that we will be very fast and getting a results for this government. germany, social democrats, say they have a clear mandate to lead off the some days 1st month of coalition to off till expect a hello there on this target. hey, this is al jazeera life and also coming up pensions in through dawn as protested cooper and.