catastrophe oh, you to have to deal with 2 of his traditional enemies, a massive debt burden and rampant inflation than schweitzer ow to 0. what osiris? people in the capital of chile have been enjoying an art exhibition with a difference, chimed sculptors, crated by european artists, have been placed around santiago. works on display include rubber ducks fried eggs and a toy robot. the opener exhibition will go on tour now around the country for thursday . ah, this is al jazeera, these, your top stories. gee, 20 leaders are discussing the climate crisis cove at 19 and a rebuilding the global economy at a summit in rome. pledge is made so far include a global minimum tax for multi nationals. what will happen here is that said,

developing economies, we'll see significant increases in the revenue own on source revenue that would be able to generate on the back of those reforms. and, you know, indian people consigned to ride should have been higher. this should have been different. you know, 80 percent of something is always better than on the percent of nothing. and, you know, in the end, people can say it's not, it's not good enough, but sometimes we should never, let's be perfectly the enemy of the good mythic. this is a very good performance, a historic reform. and it will deliver significant benefits to countries around the world. including any particular developing countries around the world. for us on the you have agreed to ease tariffs on steel and alum menu imports. the deal to resolve the trade dispute was announced at the g 20 summit. you as well now allow certain metals from the e to enter juicy, free, and says, say 3 people have been shot dead in sudan during process against the military coup

. hundreds of thousands of demonstrated in wants being described as the most significant challenge to military leaders since they seize power on monday. rebels from ethiopia, take ry region, say they are now in full control of the strategic town of dessie and the neighboring. i'm har region. the government is contesting that claim. fighting has moved into m. horen to fall off to rebels, reach control off to gray and security source at aiden's international. apple. it says at least 5 people have been killed and fatty injured in a blast in southern yemen. a cold bomb exploded near a security checkpoint close to an airport hotel. polls have opened in japan's general election is voters decide whether to keep the countries newly appointed prime minister, a sluggish economy on corona virus recovery is expected to hit the parties, popularity. i see headlines coming up next, counseling us. ah, we pull a much more those 2 times in the community. they live in no matter how much in the

near to present titian as much as anyone else's. well, going to luck domains. one of the most popular police at part of the night at delta . and now it's people say they want a clean up all that is floyd, embodiment with the media lance. the coverage will covers you just when you suffer calamities. i don't think that's right. and that is what i want them to change. i wanted to go further to cover story stuff, impact the lives of people to truthfully, tell the students that i was really passionate about stories with fucks, that governments would rather keep him in story stuff, drop the fixed narrative, and only depend on the reality on the ground, that is why i became a gymnast. amanda. ah, ah,

i hello, i'm adrian finnegan. this is counting the cost on al jazeera. you look at the world of business and economics this week, fighting for survival. government bailouts have helped many airlines avoid bankruptcy. but not all states have deep pockets, and who would be thinking about starting at airline in the midst of a pandemic. we speak to the chief executive of a norwegian, start up. the biden administration's move to counter bay james economic, a diplomatic reach in latin america. but is it too late to recover washington's diminished influence in the region? as tesla becomes the 1st one trillion dollars also make a, could this be the future of the trucking industry? the they look like any other truck on our roads, but this is also powered by electricity ah, for the global economy to recover fully from the pandemic,

there is an industry that needs to make a comeback, tourism. it represents a chance of the global economy, and the pandemic has wiped out a 120000000 tourism jobs spots. that recovery depends on more travel corridors and countries opening that borders. and with a lack of vaccines for the world's poorest. that's unlikely to happen before late. 2022. we're going to focus on the crucial role that airlines play in that recovery . as always, we'll stop with the numbers. after the worst year on record, the industry is predicting losses of 52000000000 dollars this year. most likely to persist next year, but should shrink to $12000000000.00. tourists traveling by air expected to spend 354000000000 dollars this year. not sounds huge, but that's more than 40 percent. less than before. the pandemic airlines continue to received life support from governments, totaling some $243000000000.00 since the start of the pandemic carriers in this

region, the middle east, which rely on international traffic. i've been fortunate to have the support of state have cut off. airways received $3000000000.00, but still comp 15 percent or more than $13000.00 employees from its workforce regional rival. i'm one of the most profitable airlines. emerett made a loss of 5500000000 dollars last year and received more than $3000000000.00 from due by us government. in the us and europe, governments opted for a mixture of loans and fellow schemes to keep our lines flying. but not all governments have deep pockets, and some airlines are struggling for survival. for example, asia x has liabilities of $8100000000.00, half of which is due to canceling airplane orders from air buses. the lazy and low cost long whole airline is working on a deal to pay just north point 5 percent of the debt that it owes neighboring tie

airways back in june. want a court order to restructure debts of $12900000000.00. however, the airline was in difficulty well before the corona virus pandemic, grounded many flights across the globe. and then as indonesia is national carrier gruder, which is on the brink of bankruptcy, the entities in government is devising a takeover plan if the company is unable to renegotiate leases of restructure its debt. houses here as jessica washington reports from chicago. i indonesia, the largest airport, passenger traffic is on the rise. as domestic tourism enjoys a resurgence. after months of relative quiet travel restrictions at major airports around the country on easing. as the number of coven 19 cases full. it's a welcome change for the countries a v ation industry, but it may not be enough to save one major player drowning in debt. the countries oldest airline career to indonesia is it close to bankruptcy?

it's not a pretty picture in terms of the debts amounting to hundreds of trillions of repair, which is coming up to billions. does the largest that that group has had so far in his history. the panoramic had a severe impact on the flag carry you. passenger numbers have fallen by 90 percent, and flash frequency has reduced from 400 to less than 100 flights a day. the airlines total debt is now $4900000000.00 and the company faces several low suits over unpaid depth. it's very difficult to imagine an individual with indonesia with that group, but it has to come up in. it has to be a point where somebody says, not enough clean up or you got the airline c o o fan city put trail told al jazeera steps have been taken to turn the company around,

including renegotiating airplane, leasing costs, and restructuring loans. he says the reopening of international borders offers more hope. like many airlines around the worlds guru to indonesia has struggled through the pandemic because of travel related restrictions, but grew does financial woes. it started long before the pandemic. and now the flag carrier faces an uncertain future aviation expert sega router, indonesia has struggled to compete with low cost carriers grappling with weak earnings while paying for a large and expensive flight of aircraft that are mostly leased. analysts also say the airlines management persisted with unpopular routes, which became known as ghost flights due to a lack of passengers go to actually are facing financial distress. just back before panoramic saw 5 years earlier,

we see some of the operational costs of got guys increased dramatically and them some awfully into measurement flight. for example, java london is not the approved profitable. the airline is still mostly owned by the government and the ministry of state owned enterprises has proposed rebranding . a state own charter service pillay to an as a passenger carrier to replace karita or putting in more state cash. the ministry declined an interview with al jazeera, the option of the bankruptcy. liquidation of godaddy. is freddy, like the feasible option right now. and also what the step budget. if the government bill out to godaddy, it needs some more than $4.00 billions. and on the other hand, the in on i shall go from still focusing on the major infrastructure project. that's no more fun. under pressure to resolve the crisis at ruder, the government faces a difficult choice, either try and save the failing and line,

or let his collapse. against that backdrop, imagine trying to start a new airline. i'm delighted to say joining us now as someone who's doing just that . the own tool. lawson is chief executive of no region low cost airline, north atlantic airways. he's joining us from washington dc via skype doing really good to have you with us. why now is this really the right time to be starting line? when so many others are struggling? that's, that's a good question, but we think it is exactly the right time to do so. if there ever was. the reason for that is due to the next little bit and i have been fortunate to counteract to creations and that has made us able. ready to acquire a good number of very most the record prices so, so we are starting from a point that nobody have done before. and secondly,

we have an abundance of people who are very few to join to lot to build something you have fresh. it doesn't mean that we will stop operating right now because that's why i gotta do to them it. but this is exactly the right time to, to create a combination for what is going to be a competitive affordable locus. sorry, i do you think that you're going to be able to crack a long hold discount market off to? no, we don't. is exit from trans atlantic roots. you're even taking some of the staff who worked on that operation. is history going to repeat itself or you turning over a new leaf here? we are totally new company. nothing to do. i'm having said that we, we haven't taken the a few people who have been with and experienced and in terms of static

line. and also we haven't made a historic agreement with the american union by ensuring that many of the previous slide working on some of the reasons that there are actually going to join our airlines, which is which is great for us. and also very good for, for the place, but are very different than other airlines. we are point to point carrier. we very live in our mobile muscle. the reason why we can have the lowest cost an interesting, all right, but one of your competitors is, is jet blue, who started to fly across the atlantic to it's a really tough sector to fly, to be competitive on, isn't it? it's very competitive. and competition is great, also, great company and they, they are doing, they are targeting perhaps a little different boxes than we are, that they are more,

they're probably more directed towards the business market. and we know that many competitors and we have respectful them. we think competition is very good both for the consumer, but also for up to competition. just makes it better. all right, so when do you think you have the 1st plane in the? yeah, that's going to be this spring, spring transfer. okay. how long do you think it's going to take the airline industry to return to some semblance of pre pandemic normality? of course it depends on how the corolla lawrence going forward, but we see that in the domestic america, for example. ready or in europe, you are close to 3 and then the levels. and the reason for that is, is that the regulations so that people can actually travel. and we think the same thing will happen in long hall. regulations are i think it's,

it's really the key people really want to travelers or people move on to travel right now that will allow us to we estimate that when it's going to be both at present levels across the atlantic getting close there to. and if we think is going to be good here for 24 reservation will be the time where we will be on the or at the levels before. but obviously there are a few unknown this. how does virus scanning for something like 40 airlines collapsed during the pan that you think we're going to see more collapsing before things actually begin to improve? yeah, well i think you might, you will all they see collapsing either because of strategy to whatever they happen

. open a crisis situation right now. normally due to competition. and that might very well happen again. we have to have all that stuff. they will need more capital in order to to, to be able to survive. but i don't see that the big way is going to be right now. those are probably over the been affected. but i guess it depends on how the company is capitalized and what about jobs with so many last during the course with and that makes you think we'll ever get those jobs back. we now perhaps more realistic numbers for the airline industry. i think the same thing is that a little just might have been those permanent people today. it's actually hard finding people for many,

many airlines and other companies do to people who left in to say i'm not coming back. and the 2nd thing they're saying is that there is an acute sort finals in many areas in developed in america. for example, right now there are, there are several airlines are struggling to, to fly due to lack of competence group. and this is a trend we think is going to strengthen as we get back to normality business, which of course is, is a challenge for us all. and our ambition is to be the best employer of actually both pilots. and by that, by taking good care of people, we think they think our company will be an attractive player. recognize it to be tough to find the best deal. and you're a brave man. we wish you the very best of luck with it. thank you so much. for being with the cost really good to talk to you. thank you very much.

i asked china accelerated, it's economic expansion in latin america. the bible administration is moving to counter beijing's trillion dollar belt and wrote initiative with an initiative. if it turn cold, build back better for the world, but it's out of here as i see on human reports, not from santiago, chile, it could be too little too late to recover. washington's diminished influence in the region for south and central america. the new north is east, especially china, and it should come as no surprise in just 20 years. china's trade with the region has soared from less than 18000000000 to more than 300. 15000000000 everywhere you look, us products have been replaced by chinese glitch during the cold war. and in fact, way before that the united states considered latin america is back yard, employing its famous keratin stick policy to ensure that is to interest were

respected. today it's not the american, but the chinese presence that's far more visible here and it goes way beyond she. chinese import. 19 latin american into religion. countries had joined trying to signature built and wrote initiative, a one trillion dollar trans continental trade, an infrastructure network. it includes key infrastructure projects, cyberspace, energy industries, transportation hubs, roads, telecommunications, agriculture, and even military training. the profession here in chile, as in brazil and argentina, chinese covey vaccines have been made widely available as part of the you and aggressive medical diplomacy strategy. it reflects china's global soft power and influence in this case of a to close to home for washington's liking. united states tends to view this in geostrategic terms and trends to see this in terms of china somehow.

securing outsized influence beyond the economic sphere in latin america, us diplomats and the pentagon have expressed concern about quote, predatory trade practices that they are due are giving china excessive geopolitical leverage. adding insult to injury in june long time us allied, panama joined the dominican republic and of salvatore. in switching recognition of taiwan for china. another sign of how much washington's leadership and influence of the region has diminished. it's in this context that divided administration is launching, get an offensive called built back better for the world, or b, 3, w for short to compete with china's belton road initiative and for the united states. this is strategic. when we think about our global stature enhancing the

prosperity, the economic prosperity of our friends is at least as important as our military might. washington says its proposed infrastructure program will be values driven and transparent, focusing on digital technology, health and health security, climate and gender equity and equality. this is the only, this is amusing kind of like the guy who's ignoring his girlfriend, then notices that he has competition and suddenly realizes that he really wants or in any case, i don't know how strong this proposal to contribute to latin american infrastructure can be if the united states still can't agree on its own domestic infrastructure program. this, as china is considering a transcontinental railroad, linking brazil in the atlantic to chile in the pacific, after having just signed a $4700000000.00 accord with argentina to revamp its railway infrastructure. i think that there are some things that trina has been providing that the united

states is simply not in a position to do. the fact of the matter is the china is now the largest trading partner for peru, for chile, for brazil, for your. ready why for power, why that's not going to change her for argues that the united states can and should identify areas where it can be a dynamic and constructive partner with latin america, such as renewable energy or the transfer of technology. unlike china, latin america and the u. s. do share cultural ties. but there's also a checkered history, which is why most latin american countries are watching washington in beijing compete for their ever convinced that when it comes to trade, being monotonous, is no longer in their best interests. tesla joined an elite club of companies valued at more than one trillion dollars. that's after it landed one of the biggest orders for electric vehicles from the rental car company hurts. now, if anything, the deal finally cements the electric cars. rise from

a nice product to the future of the auto industry. while tesla has ambitions to top the entire auto industry and sales over the next decade. the $368000000000.00 heavy truck industry is wide open for a similar disruptor. a gaggle of big names dominate the sector and have plans to start electrifying their vehicles. tab up a british electric truck start up, has raised millions of dollars to roll out its own environmentally friendly delivery trucks. with an electric charge, the trunk can cover 250 kilometers. and with hydrogen range extender can do 500 kilometers. well, let's talk to the director of to have a right now david zachary joins us from london via skype. david, good to have you with us. what do you make of tesla's extraordinary market capitalization? my for you say it is extraordinary. and it's, it's in canada, isn't it?

that by now they, they exceed the market, capital the, they're the 10 top players in the market. and when you consider that there were any maybe 40 dollars 2 years ago, now to be a $1040.00 is a remarkable achievement. and i think it, i think it demonstrates how the investment community this world sees. see which way the automotive industry moving. all right, so what progress is being made in, in your part of the industry? the truck industry? does you? what about the competition? i think you'd say progress. this is slower. i think the progress is slower, primarily because the naming come than players haven't, haven't contributed. if you like, in the same way, yes, you know, obviously where they're doing the best that we can and there are others along with us. but you know, you can look people that be why do you feel that people i lion high lion high is on arrival. there's a good number of new new market entrance in, in the game. but it is those new players that are driving to driving the heavy

truck industry, not the income. and i wanted to ask you about that career compared to the likes of skinnier and mercedes. you're, you're, you're just a minute. that doesn't concern you them. no, no doesn't technically doesn't. and but 3 to 3 years ago, you would say tether. tesla was a minnow in comparison to them. they're all knock. they are producing perhaps a quarter of a 1000000 cars versus a global market of almost a 100000000. so yet they were absolute minnow just just 3 years ago. and we in the next couple of years will be the similar market penetration said no, it really does not surprise me. it doesn't, doesn't, doesn't bother me in any way, shape at all. and all that has big players in the scanning, as of all of those, etc, that you mentioned. they all have products that they can produce. but you will notice that they are choosing not to sell them at market viable costs. and i guess you

just have to ask yourself, why would that make that choice? you gave yourself a time frame there. the size of the electric truck market was what worth around. $1000000000.00 in 2020 by 2027. it's predicted to be 14000000000 it, i mean that's, that's a slower uptake when you compare it to the uptake of electric consciousness. and it is, if you believe the forecasts, i'm not sure that i do. i tend not to look at forecasts for the current electric truck market. i think in terms of what is the actual truck market and the truck market as the hell is probably worth in the medium duty sector, po, live out in the order of 200000000000 or thereabouts. that's all trucks. and i would strongly argue that certainly by 2040 a 100 percent, that will be electric, probably a good bit before that time. so when, so when can we expect to see your trucks or on the road? i mean, i'm not expecting you to divert business secrets here, but there are other,

any pre orders, large customers that you can tell us about. yeah, and it's just, i guess, one quick point i just had to put 1st, which is in terms of the uptake. so the website has been stymied, i think by the supply fee, literally by amazon. you look at fedex, you look at d, h l, and you look at u. p. s. all those big, big global fleets have all taken control of supply because they can't get the supply from the incumbent oems. so the fact they're willing to actually stop producing vehicles themselves in many ways just tells you that they are ready to go as soon as the product is there, in terms of ours. and we will have our 1st vehicles on the road q 3 next year. that's excellent. what about startups who specialize in autonomous delivery trucks? does that pose a threat to your business? no. not in any way shape or form. i think latan, this is something that will be, i think that i'd say i would expect how thomas technology is to be incremental.

they'll come in stages and then it will suddenly go, friend vehicles, the drivers to vehicles around drivers. it'll just find more and more functions can be to know thomas incrementally. certainly it's something that we're looking at and it will be something that we will being including and building in child technology as we go forward. we are 1st and foremost, i, technology company and technology company that produces trucks primarily one final question, david, what, why would you choose the u. k as a manufacturing based given that the post briggs it trading difficulties that we're seeing right now? i think straightforwardly. u. k. is where we were born, the u. k is what we have grown up and the u. k is not the place that we will be manufacturing selling that we will continue to manufacture and you can make no mistake about that. there's a, there's a great skill base in the okay. and as i say is our home. but equally, as we go forward, we will be opening manufacturing capability within mainland europe and certainly with the north america. we wish you all the best, david, good luck with it. many thanks indeed for being with us. manhattan. thanks. happy

mill. and that's our show for this week. if you'd like to comment on anything that you've seen, you can tweak me. i'm an a finnegan on twitter. please use the hash tag a j c to see if you do or you can drop us a line counting the constant outage 0 dot net is our e mail address. as always, as plenty more for you online at al jazeera dot com slash c t. c. that takes you straight to our page there, you'll find a time episode see to catch up. but that's it for this edition of counting the cost . i'm adrian finnegan from the whole team here in doha. thanks for being with us. but he is allowed to, sara is next. the climate has changed every year for millions of years, decades of talk, but little action is all about distraction, create confusion to create smoke and mirrors. the shocking truth about how the climate debate has been systematically refer to the oral industry was

a made bank roller or opposition to clock back to campaign against the climate. do you think that's a bad thing more to, to have dealt with? sure, sure. absolutely. on, on jesse ah g, 20 leaders gather in rome to tackle a series of issues including climate change and economic recovery. ah, hello, i money site, this is al jazeera line from london. also coming up for you anthony, you agree to end a dispute? i was still an aluminum tabs imposed by the former president donald trump least 3 people a shot.