for 11 and 12 year olds, i think if it's the graham is really concerned about those 11 and 12 year old, they should be doing a heck of a lot more to keep them off than the adult version of instagram. and. and as i said, i believe creating a kids version of instagram is only going to create and book a whole new generation of users and won't do anything to keep the kids who are already on instagram safer. ah, this is al jazeera and these are the top stories. the u. s. federal government is facing another shut down by the end of the week. republicans in the senate have just blocked an emergency spending bill. congress has until friday to find a solution to republican party has now become the party of default. the party that says america doesn't pay its debts. our country is staring down the barrel of 2 totally republican manufactured disasters, a government shutdown, and

a 1st ever default on the national debt. the impacts of both would gravely harm every single american in this country. she ever townslee has more from washington dc. this isn't just about paying federal employees and food stamps. this is also the entire. 2 government and also the u. s. defaulting on its bomb payments and its depth and servicing its bombs. so this has implications not just for the us, but also for being a global economy, basically. and that could be a disaster. the u. s. as acute north korea of threatening the international community after a fight, a short range missile and to see if japan that all happened just before north korea's ambassador to the un told the general assembly that it had a right to test weapons. british soldiers are on standby to help ease few shortages. the crisis has been caused by a lack of truck drivers and its being made worse by panic. buying american singer

r kelly has been found guilty of multiple sex trafficking and racketeering charges . 11 accuses testified against him. several said they were under age of time. guineas jones says its members will be barred from standing, a national and local elections. a transitional council will decide when those elections will be held under a charter of transition military leader. the boy is to be president with a government composed of a civilian prime minister as captain social networking giant to instagram is putting a kids version of its popular app on hold. critics say facebook and instagram's primary focuses on physical appearance. and these platforms have not done enough to protect children, because the headlines in use will continue here on al jazeera right after counting, the cost will say shortly. bye bye. for now. as the u. k. tried to move on from the pandemic flores johnson will set our plans to pay for the damage done to the

economy, public post correctly woes, and stationed to plan benefit. can the government offer reassurances of times ahead glide coverage of the conservative quality companies that just ah, hello, i'm adrian. so again, this is counting the cost on i was just here, you'll look at the world of business, or you can mix 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 in emerging markets despite finding trading in nigeria usage is rising. so a booge plans to roll out its own 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 a 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 u. consumers pay up to 150000000000 euros more for the electricity, and that's adding to inflation repression in the years. 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 the nitro got market concert, what could go wrong over the last month went wrong. on the demand side, we had a bad cold winter, which push the residential eating demand for gas. at the same time, we had an economic recovery, of course, in europe, and therefore the industrial demand forgot. when hired at the same time, god was also more and more requested for electricity generation. i got about the 2 things. on the one hand c o 2 prices in europe when top favoring a cold to gas switch. and at the same time, the output of wind was particularly low due to a baddie poor. we can all be increased demand in europe at the same

time. we have problems on the supply because the european domestic production, decreasing norway has had some problems. and russia is not sending all the molecules. europe would actually need, as that is up to asian, started to lead us in europe, our lower venue in these period of the year high of the new winter season. and lot of concern for annually and traders because people now expect a potential gas crunch in the winter should be bad. no, you're also arguing that the way in which the european gas market is structured is, is also a fault here. weinstat, well, over the last years the european gas market at become 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 is 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 now year than in europe. all right, sir, if not stream to were to come on line anytime soon with that help alleviate the problem. that the political point,

because all the situation happens at the time, we're not getting to as being billed. and roger 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 the euro that gotten important. the russian got it important and not them to is important because it seems to be the case. and as a matter of fact, earlier this week, the international energy agency made a statement in 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 high moment for russia to show that that reliable supplier to europe. and if we look at prices across the content as 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. second, aging fleet of nuclear power plant in the u. k. and the theories of plan old, the just you to the need of providing maintenance that was not 14. i've been

pressure on gas demand for electricity generation. 3rd, and the interconnect are supplying electricity 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 main situation, 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? first, before we need to take into consideration one fact, these, these are 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 bay 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 the coming for 5. think month, how boys 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, the owner of a t p. then, and more mean, you may have the prices for the price shock. this is what the product sample from being doing, extending the name of energy vouchers these lot easily now is going by cutting certain costs in the electricity and got beatles for gas commerce, families and mon, you meant their prices. and these 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 best way to end the crises. the long term feature for the situation is different. easy to scale up investments and rolling out of renewable energy sources and energy efficiency solutions. somebody, it's been great to talk to you on county because many thanks and day for being with us. thank you so much. the a community in ecuador has been trying to resist the advance of mining companies residence from la meta said. and why does not as a pushing for it to be stopped, but, but countries cash strapped government is backing the firms slave bo reports. lemme said that when a site is, he says, mold perish in the middle of the, in the mountains, in a while or yeah, residents,

you have been struggling to defend the community for mining and the damages causes for years. the now the reposing the entry of a subsidy area of the trillion company hancock, prospecting. a firm that has 6 mining concessions in the area to extract copper. the police were recently deployed last year. we had to protect your operations, the youth, to your gas and violence, to control a peaceful protest fully. madame us is a parish leader. she says she has lost hope because no one is helping them in the fight to protect the community. there is a t as in girl, other than when cyrus has lost all how is there is no government, no law, any hurts. we want peace and i'm trauma type. we thought the police there was censor, respect us, because there were women, all people, but it was the contrary. the police is not for us for the poor, for carmine, the police is for the rich. the people of lemme said they want to fight a 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, montana 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 questioned by a report by the controller general of the state environmental group say it was constitution is being violated in a fellow meeting went b. s. i will know 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 precedent because they are more less so has created an action plan to promote legal mining. and it's hoping to exploit over 2900000 hector's in the country. while or 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. yeah, but let me say they went to the side is people are afraid, they believe their territory will be destroyed and their interests will be ignored . once again, there's several other feeder, the fast moving world of crypto currency. it may surprise you to learn that the fastest take camp 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 latin america as a lucy and 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. that it's become practically worthless. comments. i thought this is only for the bus for the ball of us. now i run a 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 sick, zeroes off its currency. the government hopes to reinstate the widespread use of its own coin should 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 recon versions of the currency,

the socialist government slashed 3 zeros from its currency in 2008. and 5 zero's 2018. so deal he'll kill 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 currents is here, because they have all become worthless. so it is way, le, 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 venezuela central bank says that it plans to print video bills, so we'll go to circulation on october. first one, encouraging dentist wait is to use a digital version of the currency to simplify daily transactions. the currency will be branded the ball yvonne digital. now the 1st to integrate bitcoin as legal 10

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 just on the low transaction costs of sending money overseas like remittances. it's highly unlikely that other countries will follow el salvador, lead crypto currencies, 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. 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. to counter that my jury a central bank because decided to launch its own digital currency. the in ira later this year. well let's get some more analysis on nigeria 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 law group. so but then the adding that the regulators abra didn't create. so generally the control ok regulate wants to regulate. but then crypto does not really have so much ways around regulation. 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 a tale not in use are all in i junior. what people still won't find out we are using to to but then officially it puts on old around. so nigeria plans to launch its own e currency. how, how do they differ from electronic payments that we're currently making? it's going to be deny ra 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 one that follows the route will be managed directly by the center of the center will be in charge of reducing mean chain and distribution of ira, i think guess, situation where most payment systems are managed, controlled,

more or less monitored by license payment system switches operate those within the niger economy. and do you think the people of nigeria will actually embrace enough as their 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? 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 the payment odyssey be in send out a conference saying it's will be my duty 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 and the 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 ross, you know, definitely would definitely have some ripple effect on the normal or what of course we choose to use with 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 the cost 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 cause. we were trying to live to reduction in middle cost to use as a customer of bands. and what can i do shows. so generally the cost comes down to go see in strengthen i know of 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 current. i believe very soon john, i issued the us. so i believe is gonna be currently on the currency to be easy. point i juwan to trade. we think i, ma'am, it's been great to talk to manufacture date for being with us on counting the cost . alright, 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 ounces here i don't met 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 finnegan for the whole team, life joining us, but he is on al jazeera,

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waste piling up the one on 18th. investigate dangerous pandemic for one hour, which is 0 i i them can vanelle in doha. the tell stories on al jazeera, the u. s. federal government is facing another shot done by the end of the week. republicans in the senate have just blocked in emergency spending. bill. congress has until friday to find a solution. the republican party has now become the party of default. the party that says america doesn't pay its debts. our country is staring down the barrel of 2 totally republican manufactured disasters. a government shut down. and at 1st ever default on the.