tv [untitled] November 2, 2021 8:30am-9:01am AST
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5 different channels, several websites and digital platforms all half cemented themselves as leaders in their field. seeking the human story, and striving to speak truth to power. a quarter of a century has passed and what was once described by former egyptian dictator, symbolic as a tiny match. fox is now a global media empire, and a beacon of free expression in a region that has never needed it more hammered. one, a da 0 though. ah, that help us the our, these are the top stories world leaders of agree to end deforestation by the year 2030 or the $19000000000.00 has been pledged towards the plan. the 1st commitment made at the cop $26.00 climate conference in glasgow. but the un secretary general antonio terrace, had a stock warning to the gathered leaders about what's at stake. our addiction to fossil fools is pushing humanity to the body. we face
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a stark choice, either we stop it, or it stops us. and it's time to say enough enough of boot, the lising biodiversity, he laugh of killing though ourselves with carbon. enough to thing nature like a toilet in us, of burning and drilling and minding our way deeper. we are digging our own graves in ethiopia, rebels from the to grind people's liberation front. so they're joined up with forces from the most popular region, aroma, the tpl i've says it's sees the town of combo gotcha. and it's airport in the m harder region. while fighters from romeo say they've seized the town of chemistry boat town strategic points on the highway to add a saba rescue. as i've been working overnight in nigeria to find people trapped under the rubble of a 21 story building which collapsed, at least 3 people have died and it's not yet clear what caused that collapse in
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lagos. they have been recent efforts to the demolished reinforce unsafe buildings in the city. the white house is welcome to private mission to me and mar by a former us ambassador to the u. n, saying it out. that'll help get aid in washington isn't sponsoring bill richardson's trip. international aid is urgent. they needed to help those display since february's military to and for people with coven 19. and excuse me, media. haiti are reporting at least 6 fuel truck drivers have been kidnapped. a coalition of powerful gangs is blocking entry to the ports and prince leader has said he will allow access if prime minister ariel on re resigns gangs have been blamed for an increase in truck driver abductions. you're up to date with the headlines on al jazeera, counting, the cost is coming up next. a pink lake near the car, attract tourists and under pins, the local economy. thousands depend on his precious souls. ah,
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al jazeera well explored the major environmental issues above and below the surface that threatened lake reckless, very existence center goals, peak plate on al jazeera. ah, 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 the norwegian startup. the biden administration's
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move to counterpane. james, economic and 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 automaker, could this be the future of the trucking industry? it may 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 10th of the global. busy economy and the pandemic has wiped out a $120000000.00 tourism jobs, but that recovery depends on more travel corridors and countries opening that borders and with the 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 at. as always,
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we'll stop at the numbers. after the worst year on record, the industry is predicting losses of 52000000000 dollars this year while says a 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 receive 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, have been fortunate to have the support of state have capital 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. everetts 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
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a mixture of loans and fellow schemes to keep our line 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 bus. the malaysian low cost long haul 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 when a court order to restructure debts of 12 point $9000000000.00. 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 depth houses. here as jessica washington reports from jakarta, ah,
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at indonesia largest airport, passenger traffic is on the rise. as domestic tourism enjoys a resurgence. after months of relative quiet travel restrictions that major airports around the country are easing. as the number of coven 19 cases falls. it's a welcome change for the countries aviation industry, but it may not be enough to save one major player drowning and dead. the country's oldest airline to route indonesia is edging 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. is the largest that that group has had so far in his history. ah, the pandemic had a severe impact on the flag carrier. hasn't numbers have fallen by 90 percent and flight frequency has reduced from $400.00 to less than $100.00 flights a day?
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the airlines total debt is now $4900000000.00, and the company faces several lawsuits over unpaid debts. it's very difficult to imagine an issue with the 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 r fan city a portrait 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 that finance or was it started long before the pandemic? and now the flag carrier faces an uncertain future. aviation expert sank
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a router. indonesia has struggled to compete with low cost carriers grappling with weak earnings while paying for a large and expensive fleet 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. good, actually are facing financial distress. just back before panoramic saw 5 years earlier, we see some of the operational costs of go guys increased dramatically. and then some of the information, our 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 gruder or putting in more state cash. the ministry declined an interview with al jazeera,
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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. ready and on the other hand, so the in on i shall go from still focusing on the major infrastructure projects that need more funds 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 well, 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. your tour lawson is chief executive of norwegian 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 stopping allow line when so many others are struggling? that's, that's a good rest of the way that we think it is exactly the right time to do so. if
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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 the record prices so, so we are starting off from a point that nobody have done before. and secondly, we have an abundance of people who are very acute join to go to build something. you have fresh, it doesn't mean that we will stop operating right now because my life, i gotta do this is except for the right time to, to create a combination for what is great to be a competitive affordable locals. and you think that you're going to be able to
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crack the long haul discount market after? 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 with the other. as i'm having said that we, we haven't taken the a few people who have been with that experience in terms of static line. and also we have made a historic agreement with the american union by ensuring that many of the previous slides 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 have
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very little in our mobile muscle. the reason why we can have the lowest custom interesting. all right, but one of your competitors is, is jet blue, started to fly across the atlantic to it's a really tough sector. the fly to be competitive on, isn't it? it's very competitive. and competition is great. also great company and they will, they have, 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 our from we have no competitors and we have respectful them. we think competition is very good for the consumer, but also for up to the competition. just makes it better. all right, so when do you think you have a 1st time playing in the? yeah, that's going to be spring, spring transfer. ok. how long do you think it's going to take the airline industry
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to return to some semblance of pre pandemic normality? of course, it depends on how the koran are going forward, but we see that in the domestic america, for example. ready or in europe, you are close to pre pre 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 all. regulations are i think this is really the key people really want to travelers or people move on to travel. but right now is allowed to, we estimate that when it's going to be the present levels across the atlantic, getting close there to we think is gonna be a good year for $24.00 in our reservation will be the time where we will be, be on the or at the levels before,
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but obviously there are a few unknown this virus that are going forward. 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 be collapsing either because strategy cost structure, whatever they happen. open a crisis situation right now, normally due to competition. and that might very well happen. again, we 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 weight is going to be hit right now. those are probably over the
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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 then 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 lot of just jobs 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 see i'm not coming back. and the 2nd thing they're seeing is that there is an acute sort of bibles 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
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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 buyer. recognize it to be tough to find the best people don't. 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, its economic expansion in latin america. the vital 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 shelton central america, the new north is east,
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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 in rhode initiative, a one trillion dollar trans, continental trade, an infrastructure network. it includes key infrastructure projects, cyberspace, energy industries, transportation hubs, roads, telecommunications, agriculture,
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and even military training profession. here in chile, as in brazil and argentina, the chinese covey vaccines have been made widely available as part of the u 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, 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
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taiwan for china. another sign of how much washington's leadership and influence of the region has diminished. it's in this context that the by did administration is launch, 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
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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 china 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 wife, or paraguay. 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
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a checkered history, which is why most latin american countries are watching washington in beijing compete for their very 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 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 at its own environmentally friendly delivery
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trucks. with electric charged 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 type rate ga, set from london via skype. david, good to have you with us. what do you make of tesla's extraordinary market capitalization? and the 1st you say it is extraordinary. and it's, it's uncanny isn't it, that by now they, they, they exceed the market, capital, the, they're the 10 top players in the market. and when you consider that there were only 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, sees which way the automotive industry is moving. all right, so what progress is being made in, in your part of the industry, the truck industry as you, what about the competition? i think you'd say progress, this is slower. i think the progress is slower,
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primarily because the naming come them players haven't, haven't contributed it. feel 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 could let people out be why do you feel like people i lion high lion highs 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 drive in 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, their law market, they're 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. we in the next
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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 is 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 a, 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
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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 liver, 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 as well. 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, i mean, this is 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. if you look at people at amazon, you look at fedex, you look at d, h l, and you look at a 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
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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 start ups? who specialize in a ton of us delivery trucks? does that pose a threat to your business? no. not in any way, shape or form often go on. this is something that will be i think it's hard to say . i would expect no, thomas technologies to be incremental. they'll come in stages and then it will suddenly go from the drivers to vehicles around the drivers, but you'll just find more and more functions can be done, automates incrementally. certainly it's something that we're looking at and it was something that we were being included in building in child technology as we go forward. we are 1st and foremost, our technology company and technology company that produces trucks. primarily one final question, david, what, why would you choose the u. k as a manufacturing base, given that the post breaks it trading difficulties that we're seeing right now,
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straightforwardly u. k is where we will go on the case where we've grown up the, you know, replace, that. we will be manufacturing certainly and we will continue to manufacture. you can make no mistake about that. there's a great skill base in the home. but equally, as we go forward, we will name manufacturing capability within mainland europe, and certainly the north america. we wish you all the best, david. good luck with it. many thanks indeed for being with us. manhattan savvy man . 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 at a finnegan on twitter. please use a hash tag, a j, c t c. if you do or you can drop us a line counts, the cost of our 0 dot net is our email address. as always, just try to move you online. it, i'll just here dot com slash c t c. that takes you straight to our page there, you'll find a time episode. cedar catch up. but that's it for this edition of counting the cost
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on adrian again from the whole team here and how, thanks for being with us. but he used to say, or is the i'll be there soon as possible. as australia burned, a photojournalist ran towards the flames to document the destruction. what does climate change look, loft? claim climbing. this is a go about with witness capturing change on al jazeera. the challenge is getting people to engage the climate has changed every year for millions of years, decades of talk, but little action is all about distract, create confusion to create smoke and mirrors. the shocking truth about how the climate debate has been systematically subverted. the oil industry was
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a main bank roller or opposition to contact the campaign against the climate. do you think that's a bad thing? more shooter, and that was here's a good thing. absolutely. on algebra, ah 0600 hours g m t here on al jazeera, come al santa maria. these are the headlines world. leaders have agreed to end deforestation by the 2030 of the $19000000000.00 has been pledged towards the plan . the 1st commitment made at the cop 26th climate conference in glasgow at the un secretary general antonio terrace. had a stock warning about what's at stake. i would addiction to fossil fuels, is pushing humanity to the body. we face a stark choice either we stop it or it stop.
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