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tv   Counting the Cost  Al Jazeera  April 2, 2022 1:30am-2:01am AST

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belgium and creep f and the tournaments most successful site. brazil are in group g with serbia, switzerland, and cameron. and in group 8, she christiane, every nowadays a portugal and uruguay will be the favorites to progress. so just the 3 a playoff places is still to be decided then. and then attention will turn to the big kick off november 21st, at our weight stadium here in cutter. ah, look at the main stories, this allen allen yelman's warring sides of agree to a 2 month truce from saturday. the u. n. envoy for yan is saying the saudi led coalition, and the hu fees will hold or offensive operations inside yemen and across its borders. the 2 sides of also agreed to allow fuel shipments into had data port and for commercial flights to operate from santa the war is now in its 8th year and has caused the world's largest humanitarian crisis. the truce,
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which as the possibility of renewal coincides with the start of the holy month of ramadan. it opens the vase with addressing gamers urgent committee. teddy in a liquid ami needs and creates a general opportunity to restart yeoman's political process. these truce must be a 1st step to ending yet men's devastating walk. ukraine is denying russian accusations at canada across board. a helicopter attack on a fuel depot in the city of belgrade. video appears to show to helicopters, striking the facility, setting off a fire. but all tanks were still in flames as another round of negotiations online were due to get on the way. meanwhile, a red cross convoy traveling to the besieged port city of mario pool to evacuate civilians that turn around the group saying had become impossible to keep going. about a 160000 people have been trapped there with very little food,
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water or heating. the u. s military is cancelled a planned intercontinental ballistic missile test. in an effort to low attentions with russia, the pentagon 1st announced a delay of the test in early march after rush you said it was putting its nuclear forces on high alert. now move to scrap the launch of the nuclear capable magnesium and miss i'll altogether and now the test is scheduled for later this year though and into an anchor. the president has declared a state of emergency a day after hundreds of people try to storm his home. the declaration give security forces sweeping powers to arrest and detain south bags. for testers, have been demanding action to cut the cost of living. as people struggle with electricity blackouts, which are expected to last 4 weeks. first, the headlines this, our tit for myself from the team here in london for now. we'll see you tomorrow. counting, the cost is next. amid the ongoing ukraine, russia wound some neighboring countries in
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a russian attack on the soil. do you take that as a serious possibility of, of russia or thank my thing? there is serious possibility is absolute certainty with would like to do its own ins deputy foreign minister, pamela gibbons, he talks challenges, era. i clue i'm fully back to bo, this is counting the cost on al jazeera. you look at the world of business and economics. this week, europe threatened with gas shortages and looked for alternatives to supplies from russia. can african nations fail the energy gap? also this week, as the war in ukraine rattles the global economy? could it lead to a change in the order of the financial world and watch the impact on nations
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worldwide, both rich and poor, and breaking through so called wold gardens. the european union agrees to curve the dominance of technology companies. but will the new regulations allow fair competition on the internet? and can they set a global standards? ah, thank you for joining as the war in ukraine is squeezing russian gas supplies to europe. you countries want to reduce their dependence on moscow and are pulling out all the stops to find out, turn it if supplies. africa has a wealth of natural gas reserves and could feel the gap. many european countries are exploring whether the continent could be part of the energy solution they desperately needs. many african countries are eyeing the opportunity and have expressed their interest in increasing supplies to europe. europe imported about 108000000 cubic meters of l. n. g. from africa in 2019 over 12000000000 of which came from nigeria. the nation has recently approved a road map to construct
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a multi 1000000000 trans saharan gas pipeline known as an eagle. the project will run through any share and algeria and connects to europe's existing network. now, pipelines that transport gas from africa to europe are mainly located in north africa. the my grip europe, gas pipeline. in algeria transfers natural gas to spain and portugal through morocco, but supplies have been disrupted because of political tensions between algiers and rabbit. the u. s. secretary of state has sought to have discussed the reopening of the pipeline during his recent visit to both countries. the meg does pipeline length, algeria directly to spain, the african nation is estimated to have exported 255000000 cubic meters of gas to spain. in 2020. the trance made pipeline connects algeria to italy through to measure algeria is italy, 2nd largest gas, ex water after russia. the green stream submarine pipelines run from western libya
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to the island of sicily in italy. but that makes up just 2.5 per cent of overall italian daily demand. now the shift in global energy markets raises questions about how countries can meet their climate goals. while europe says it wants to cut greenhouse gas emissions by at least 55 percent by 2030 and make the transition to green energy, i'll turn it is. that of his have push for a whole to african gas investments and effort that force foreign companies to rethink their operations on the continent. while to find out more about africa, gas potential am now joined by kohler kareem, the group managing director of shoreline energy international and an african energy chamber advisory board member. he joins us from london. mr. green. thank you very much for being with us on counting the cost. many african countries have expressed interest in increasing gas supplies to europe. but do they have the capacity to do
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this? dig, do have by way of reserves of if you look at country like nigeria was 220 cs of natural gas users you looked at muslim with over 100 t c. matching that reserve. so is established of the reserves. there was more important is the capital can build the infrastructure to actually fill and brew chair, and that's what's missing today. so it's a difficult one because with the capitalization capitol, east servers. and after this all the last wanted. ready or her huge capital is going to look at the such instructor. so missing middle is capital is required to bridge that gap, but the reserves are there because of the potentials all this african countries as long. so busy infrastructure challenge challenge as you say, and then the funding of course, are so where will it come from? the true position is this is right now. i think this,
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the shifting policy from what has happened between russia. ukraine is actually pointing capital, and serious investors will now forced to look for turnitin with the announcement of berlin also by the u. e. u. cutting natural gas in wars and an oil in was from russia, looking for alternate sources and africa. hopefully she did a nachos choice, concluded capital should be coming from that market. right. so then how quickly do you expect that the gas is tight flowing north after years of under investment? it is also difficult. why did these gas flowing already for more dear the potential hooker ish that so sahara gas, which is looking at booking, i do are up connected that all jerry with potentials of more export into europe. right. and another up to 30000000000 cubic meter. but the true thing is how long. ready is it going to take to build that infrastructure and as the elephant in the
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room? and then i was going to ask you about that. that transparent pipeline, the share nigeria and algeria had said they've agreed a road map. but is this just a pipe dream do you thing how challenging is it going to be to get this project going either to the true position is the it's going to be challenging because of the recent security problem with adam desire. now, but the true thing if with commitments and the 0 for the u. p. s, looking forward to that source is the reality is assured, we're talking about search into $15000000000.00 of capital to be spent on this project. that's a lot of money, but it's not insurmountable. capital cannot be found because the european bias the european market and now was looking for tentative source of energy. an african naturally by proximity of, of distance is the natural choice. yeah, he talked about the security concerns in they have been security concerns over the
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years, especially in a country like nigeria for example, which has struggled with ongoing and also disagreements over there that share the fair distribution of the oil wealth. do you think those security concerns have been addressed to allow you know this project to go ahead? the security concerns as it pertains to lie junior and this is an ongoing issue that will exist on a daily basis. it is not going to be an easy task, right? the biggest problem as being polity. if you look at all the trouble spots in south africa, the biggest problem is of the g, e r b and the people in this area is a prosperous. i'm sure we'll see far, reduce incursions and problems. so as in governments are focusing on, we did try to address it is not going to be an easy task, but the focus is trying to get something done, right. there's the poverty issue and then there are the politics so,
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so we saw the u. s. secretary of state antony blank and travel to anterior and morocco this week. and there's a question of course, of opening up the gas pipeline from algeria to europe via morocco, which had been shut down last year after algeria suspended ties with morocco because of the issue of, of western sahara. how, you know, how do you see that going forward is, is that a shoe likely to be result? can the u. s. how bring these 2 countries together? either to position of what we see algio global politics is when the western nations have a problem. they always try and they always find a way in getting things resolved. so you will see the situation in between morocco anal jerry a will resolve itself. busy because of it necessitates flow of gas into the european market to elevate the potential problems we're seeing today. russia explored over 300000000 cubic meters a day into europe,
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india. that's about 150000000000 cubic meters a year. that huge is an example. the largest economy in europe, germany that 55 percent of their gas in board. if you disrupt you to shopped in the economy of the strongest european nation. so it's not going to be an easy task and emergency position is what has been put in place in finding adequate replacement to support if there's going to be a shift. but right now, the focus in policy that being pronounced is reduction is importation from russia. and that gap the gap, but they did have that with it. thank you so much. very interesting to talk to you about this call a kareem managing director of shoreline energy international. thank you for being on counting the cost. thank you. and ukraine's president has asked katara and gas which nations to produce more to counter what he called the russian threat to use
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energy as a weapon. radi me as a landscape made the play here in tow high while speaking to leaders at the doe. how for him? for lansky, also warned that no country is immune to the impact of the russian invasion of his country sizing the hiking food prices. russia is the world's largest exporter of wheat, and ukraine is the 5th largest, but the global destruction of noble supplies goes beyond oil and grains. the flow of many metals is also at risk. so should the world be worried about the impact of economic deprivation that could be caused by the war and ukraine, or my colleague nick clock put this and other question to kelly kraft. the former us permanent representative to the united nations. he spoke to her at the door half or you know, i think we're in the united states. there's this saying that what happens in vegas states and vegas and that is no longer that the case. what happens in ukraine affects the entire world. and that's why we are here at the doe, how for me,
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the entire, the topic has really been around ukraine, russia. and i look at this and away from a security council standpoint. and from a general assembly standpoint, in the fact that within the security council we have seen russia be able to veto their own punishment, their own reprimand. but then you have the general assembly. and i think that's really shown a spotlight on the fact that every country has there has a equal vote. there are no vetoes, but it also allowed us to see the african countries and who abstained who vote the one that voted with russia. and it kind of shows us that there are winners and losers if you think about it with russia, with, with the, especially with the way that russia has gone into several of the countries in africa with gold, with their wagner group, you know, protecting the gold mines with the fact that they're looking at the rarest minerals
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and congo or diamonds. and so you can see the winners and losers. you can see some of these countries within africa whose leadership are really very short sighted and they're looking at short term gain, instead of long term gain and building up their country. cuz this is a country, this is the continent of the most of the most use of the youngest. right. and we're losing our focus on building up future generations. because it is those countries that will be deeply affected because they're not gonna affect commodity price, right? sample and the price of food that's going to have a huge issue, places like yemen and across the country across the continent of africa. well, and you look in just from the previous panel, you look at the yemen and it's unfortunate that we're all focused on ukraine. russia, but yet we still, we do have the, the, one of the world's worst famine in yemen. and yemen is directly affected because it, with the world food program and all of the different humanitarian resources. wheat being the main commodity there. so we're seeing that not only affect the continent
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of africa, but we're seeing that in yemen. also decrease economies also taking a severe hit. how can, how could, in the meantime, while the conflict is going on. and what about moving forward is things perhaps settled down some point in the coming months. what help will be provided to ukraine? you know, if you look at the, the industries or, or just the, the agricultural business in ukraine and for that matter, the russian farmers that were fed disinformation, most of them don't even know what's really occurred. so we really, we need to be building up. now we need to be helping the agricultural industry and ukraine. the industries that really had the most exports because that's where they're going to need to rebuild their country is starting with the basics. just the basic needs. what you're going to be there, their export market, right? has been this talk of a kind of collective effort to deal with situations like this, this freedom fund. what do you make of that as, as a, as a way for to,
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to try and deal with these kind of situation. i think the freedom fund is very important, but we need to remember, we need to be able to utilize the people with in ukraine. we need to be able to build up their economy by also giving these very people the job to rebuild. when this fund is activated. it has been a great collective effort to put sanctions on russia. and do you think we've gone far enough in my personal opinion, in the security council, whenever we spoke about sanctions, they didn't mean the thing to russia. and if you look at the way our currency is today with our crypto currency and other forms of currency. the dollar is not that powerful. so sanctions really being place on russia they're, you know, they're no longer asking for us dollars because they can work around. there's lots of loopholes. we need to figure out the loopholes and look at that area that how we're going to have these sanctions that work. the problem is because there's no
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way of putting that the screws on rush on on putin and without implicating and having a serious effect on the global economy. how do you get around that? we needed to be building up our economy. if you want to look at the united states and the administration that i served candidate trump at the point at that time talked about the importance of building up our industry within our country. because of china. and then when he was president trump, he acted upon that we need to continue work, speak about china for 2nd. we need to continue to build up our countries so that we're not dependent. you know, here we are now energy dependent. when we were energy independent, we were producing our oil. we had, you know, keystone pipeline. instead we immediately relieve sanctions on gas problem on the pipeline in germany. why would we do that when we can be energy independent, our own country? let's just hope that next year that we're all not sitting here and we're not
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discussing china taiwan. now, giant technology companies are not only getting bigger, they've already eclipse major oil firms. they've also made a huge earnings, an idea of just how lucrative their business is. apples, profit alone for the past year was more than the yearly profit of 8 major companies combined, and they include disney and mcdonalds, but just a handful of tech companies are dominating the market. well now the european union aimed to curve their power by agreeing far reaching roles that could allow smaller companies to floor ish check in with the dresser did up in some have said it, it was a bit like the wild west or that it was a bit in their hands and we ever gain power because we are political authorities than what we said to them. of course, you're welcome in this space that represents the digital internal market for these are our rules receivable worldwide. the legislation is the ease biggest overhaul of laws governing big tech operations in more than 2 decades. it requires platforms to
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open up access to their spaces, to 3rd parties or other businesses. this means uses of the whatsapp messaging service. for example, could text a friend using a different service and tag giants wouldn't be allowed to rank their own products or services higher than those of others in search results. software or apps such as web browsers can't be installed by default, and companies won't be able to combine, uses personal data from different platforms for targeted ads. unless explicit consent is given. among many other roles, repeat violations of the regulation could result in fines of up to 20 percent of a company's global annual revenue. and companies could be temporarily band from conducting mergers and acquisitions. the digital market act will apply to what the e u calls gatekeepers. those are companies where the market value of more than $83000000000.00 and with at least $45000000.00 monthly uses or $10000.00 business
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uses in the e u. the firms mice also have a core platform service like a social media, a search engine provider, or an app store. the group includes alphabet the owner of google, youtube, amazon, apple, microsoft, and mehta. the apple has raised concerns about privacy and security vulnerabilities for its users. while google said some parts of the rules could affect innovation, the digital market act came hours before the u. s. and e, you agreed. a provisional deal on cross water data transfers for as in joe biden says, the pact would facilitate more than 7 trillion dollars in economic relationships with the e. u. while to discuss all this, i am now joined from a st. galen university in switzerland by simon f. net is a professor of international trade and economic development at st. galen university and is also an expert in competition law. thank you very much, miss avenue for being with us on counting the car. so what do you make of this? these new rules will they insure fair competition and more choice for uses. these
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rules will certainly shift the competitive landscape in favor of the smaller medium size firms away from the big digital behemoths. whether this translates into much benefit for cost, consumers would have been critically or whether they're small or medium sized firms . use that competitive space to introduce new innovative services are witcher or in expand choice and deliver benefits. i think that's the key question, right? and so a key aim of the reform is to prevent tech giants from abusing their market position to harm smaller rivals. but what will this mean for those big tech giants? how will it affect their business model? and will it mean less profits for them? the big texter joins differ considerably in their business models. this legislation's been written in a way to target 8 different types of digital activity, commercial activity. and in each of them, it's pretty clear that the implementation of this, if it's faithfully implemented,
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is likely to reduce the profitability of the bigger bigger players. there is a lot a number of constraints that, that they will be under. for example, if operators of platforms will not be able to force sellers on those platforms to have to use their financial payment systems. so these types of restrictions are going to be put in place and will widen choice for buyers and for sellers at the expense of the big players that concerns that the last target american companies and unfairly, and that they could affect jobs in the u. s. do you think those concerns are justified? i think the, the, the rules have been written in a way that if, if a firm could becomes larger than certain specified limits, then there they fall within the reach. but it should be said that there are chinese firms as well as american firms, which will become so called gatekeepers under these laws and be subject to these
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tough disciplines. so i don't necessarily see it as being in hair automatically, anti american firms. but the truth, the truth is, most of the most successful, what accompanies in western markets in the digital space are american. so any large company which has been success will, is likely to get wrapped into these roles and many of them are american. so you can understand where the criticism comes from, right. and so what will be the challenges implementing the these new rules, these new measures? do you see companies trying to diminish the laws in passing in the courts? for example, the companies will have many options in terms of how they react to this particular legislation. $11.00 option will be to challenge whether or not accompanies designated as a gatekeeper, which is what you need to be designated to fall under the provisions in this particular law. so the 1st thing the giants will do, i think will be to contest whether they're designated as gatekeepers. and then if the european commission comes after them subsequently with enforcement actions,
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those will get contested as well. so i think guess the lawyers will be very busy. yeah, are they concerns about privacy and innovation or as some tech firms have suggested so that the big tech firms have suggested that innovation could be diminished and, and there of the, the argument, i think they have some merit and saying this, the european commissioners, a conceited that point, but the counter argument is that the additional innovation from the small a medium sized firms will cat will offer benefits to consumers. so that's the trade off which has been taken there on privacy. please note, and it's important for your viewers to know this, that her privacy is not the subject of this legislation or privacy will be subject of another piece of legislation. the european commission is going to bring forward . okay, interesting that you, you mentioned that now we talked about uses briefly a how are they going to be affected but also not just uses the advertises. how are they going to be impacted by, by these new laws? why users will probably have more choice in terms of different services being
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offered on platforms. so that will be a step forward, but the advertises, i think they're, the message is mixed. the good news for them is that they will be able to get much more information about the effectiveness of their advertising out of the big digital firms. the bad news is that to the extent that am that these platforms become less attractive because other firms are rising up and competing against them . then you may end up getting reaching fewer consumers. so for the advertisers, i think the message or the outcome is likely to be mixed. ok. now this is the e is largest overhaul of laws governing ad the way tech giants operate. do you think it's cement? europe's a leadership role. he has the most assertive regulator of big tech, and do you see this being adopted globally? so there's 2 things there. first, the e u has taken a lead on digital regulation, but so has china in terms of its own domestic market. it's not clear to me who wins
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that horse race, but both of them have demonstrated that they have a lot of teeth and they're willing to use it. the 2nd or the 2nd point. so please room of what was you will see. is it going to be a dancer globally you think? ah, yeah, absolutely, thank you for them. yes, the brussels effect will probably apply that's, that's the effect whereby brussels moves and other countries copy. i think we will see some emulation of this. and possibly even in the united states as well. thank you so much for talking to us about the simon f. net professor trade and economic development at st. galen university. thank you very much for being with us on counting the cost. thank you. thank you very much. and that is our show for this week, get in touch with us by tweeting me at, followed by a j e, and to use the hash tag ha, ctc. when you do or drop us an email, counting the cost that al jazeera dot net h, i address that is more for you online at al jazeera dot com slash seat and see that will take you straight to our page, which has individual reports,
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links and entire episodes for you to catch up on i think for this edition of counting the cost, i'm fully back he bow from the home team here in doha. thank you for watching. news on al jazeera is next al jazeera world need some extraordinary women who are making things happen their way following their daily struggle to survive for their families to thrive egypt swimming st. sellers on al jazeera with ms. lo with next door
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if you bought a mechanic watch shop, you will see that you said your car like a baby, and i do it for you specially, mcdonald cannot pick up my nigeria. women are strong with my, my gear on al jazeera. ah, ah, today must be the starts of a better future for the people if yemen a truth in yemen, the un says rival sides of agreed to to month agreement, and hope that will lead to a political process. ah, loves the whole robin. you want to know if they were like my headquarters here in doha also coming up. ukraine denies bobbing a russian oil depot in the border city of belgrade. moscow says the attack.

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