tv Counting the Cost Al Jazeera April 7, 2022 2:30am-2:57am AST
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unfortunately some do, but we can't all be ping for just a few. this brought this are creating obviously major disruptions threw out at their 30. it had been a monday and again that a, with thousands of people having a very, very hard time, i are getting back home unable to get on buses, many people having to walk for hours to go back home at night or cycling. say this is necessary because they fear that these measures could become a permanent or be expanded for more days. but the mayor say this is just a very small, a sacrifice that she's asking to motorcyclist the for the good of the majority of the population. and she said that these measures will be apparent transport work has brought highways for a 3rd straight day. oh, will be full of this, have been killed during anti government protest, the piano monday over the increasing cost of living. please have arrested more than 1000 people who to find the 18
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r curfew imposed by the president on tuesday. 25 police officers have been injured in the violence. ah. your channel of 0 at least until rom, the reminder of our top stories. ukraine says more victims of tortured execution are being found every day in butcher at been and borrowed. younger all our cities near the capital. keith claims russian troops. moscow insists the atrocities a fake. the new video has emerged appearing to show captured russian soldiers being killed outside the village of demetrika, the foot. it shows men wearing ukrainian army fatigue, shooting a man, while the bodies of 3 other suspected russians showed soldiers lying there by the u . s. as outlined, more sanctions against russia, faxing of financial institutions and 2 of present vladimir putin's daughters present. joe biden says moscow is paying
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a severe and immediate price for its alleged atrocities in booty. they've been without food, water, or electricity for weeks. now the head of nato, hers wall, the war in ukraine could last for months or even years. foreign ministers will discuss the delivery of more weapons to ukraine as they meet in brussels. we have seen no indication that the present put in house, so changed his ambition to control or the whole of ukraine. ah, and also to rewrite 3rd in natural order. so we need to be prepared for a long haul. we need to support ukraine, sustain our sanctions, and strengthen our her defenses and the our de terrance. because these can't last for long time and we need to be prepared for that. in other news became a facet form of president blaze. compulsory has been sentenced to life in prison for complicity in the murder of his predecessor, thomas and kara,
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is an exile in ivory coast and became offensive for president. rocca, bori has been allowed to leave detention more than 2 months after he was asked in the military to west african leaders have been pressing the ruling gender to freak a boy and speed up the return to democracy. those are the headlines i'm back with. more news in half an hour next it's counting. cost here on out is there. oh, april 10th will seafront wound in the fall. roy can stay marine the pen. i know those gain hulu, the friends and nixon on our desert. i clung 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
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a change in the order of the financial world and watch the impact on nations worldwide, both rich and poor, and breaking through so called walled garden. c, 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. e u. 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, europe imported about a 108000000000 cubic meters of ellen, g from africa in 2019 over 12000000000 of which came from nigeria. the nation has recently approved a road map to construct a multi 1000000000 transfer herron gas pipeline,
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known as an ego. the projects will run through any share and algeria and connects to europe's existing network, snap pipeline said 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 is sorry 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 transmitter pipeline connects algeria to italy. through tunisia, algeria is italy, 2nd largest gas, ex water after russia. the green stream submarine pipelines run from western libya to the island of sicily in italy. but that makes up just 2.5 per cent of overall
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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 alternatives. 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 massacring. 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 this? dig, do have by way of reserves of if you look at country like nigeria was 220 yes.
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of natural gas reserves you looked at muslim with over 100 t c. market reserve. so is established of the reserves there. what, what is more important is the capital can build the infrastructure to actually fill and reach out there. and that's what's missing today. so it's a difficult one because the decomposition capitol east serves and africa's holes the last one to. ready 4 have huge capital is going to look at the center destructor. so missing middle is capital is required to bridge that gap, but the reserves are there because of the. ready potentials all this african countries, as long as this will now be forced to look for turn, it is with the announcements of were answered by the you, you cutting natural gas in horse and oil. it was from russia looking for alternative choices and africa. hopefully she did a nachos choice,
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global capital should be coming from that market. right. so then how quickly do expect the and the gas is time flowing north after is under investment. it is also a difficult disease gas flowing already for more dear. the potential hooker is that so sahara gas, which is looking at hooking i do are connected lateral juror with potentials of more exports into europe. right. and another 30000000000 cubic meter. but the truth saying is, how long is it going to take to build that infrastructure? and that's the answer in the room. and then i was gonna ask you about that. that transparent pipeline, the share nigeria and algeria had said they've agreed a role. it's a lot of really, but it's not insurmountable tap to look a lot be found because the european by is the european market and now was looking for 30 source of energy and african, naturally by proximity of, of distance is the natural choice. yeah. you talked about the security concerns in
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they have been security concerns over the years, especially in a country like nigeria for example, which has struggled with armed groups and also disagreement 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 are, as it pertains to lie junior, and this is an ongoing issue that will and it's been addressed on a daily basis. it is not going to be an easy task, right? the biggest problem has been poverty. if you look at all the trouble spots in such on africa, the biggest problem is poverty. focusing only the child 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 so we saw the u . s. secretary of state antony blank and travel to anterior and morocco this week.
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and there's a question of course of opening up the gas pipeline from algeria how, you know, how do you see that going forward? is, is that a shoe likely to be resolved? can the us, how bring these 2 countries together, either to position or of what we see reality of global politics is when the western nations have a problem, they always die and they always find a way in getting things resolved. so you will see that situation in between moral jerry a will resolve itself, the kettle, 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, india. that's about 150000000000 cubic meters a year. that huge is an example. the largest economy in europe, germany last 55 percent of the glass in watts. if you disrupt your dish,
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locked in the economy of the strongest european nations, it is 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 food. ringback in policy that been pronounced is, will duction, 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 surprises renters asked katara and of a gas which nations to produce more to counter what he called the russian threat to use energy as a weapon. voting me as a landscape made the plea here in tow high while speaking to leaders at the door for him. for lansky also warned that no country is immune to the impact of the russian invasion of his country sizing the hike in food prices. russia is the
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world's largest exporter of wheat, and ukraine is the 5th largest, but the global disruption to global 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 on 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. they're saying that what happens in vegas states and vegas and that is no longer the, the case. what happens in ukraine affects the entire world. and that's why we are here at the doe, how for me, the entire, the topic has really been around ukraine, russia. and i look at this and away from a security council has gone into several of the countries in africa with gold, with their wagner group. you know,
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protecting the gold mines with the fact that they're looking at the rare minerals and congo or diamonds. and so you can see the winters and the loser. 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 because this is a country, this is a 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 the knock on effect and 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 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 week
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being the main commodity there. so we're seeing that not only affect the continent of africa, but we're seeing that in yemen. also, the critical means also take in severe hit, how can, how could cope 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 will 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 worse are going to be their, their export market. right, has been this talk of the kind of collective effort to deal with situations like
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this, this freedom fund. what do you make of that as, as a, as a way for to, 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 this 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 a 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 placed 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's how
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we're going to have these sanctions that work. the problem is because there's no way of putting the 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 with work, speak about china for 2nd. we need to continue to build up our country so that we're not dependent. you know, here we are now energy year that we're all not sitting here and we're not discussing china taiwan. now, giant technology companies are not only getting bigger, they've already eclipse, major oil firms. they've also made huge earnings, an idea of just how lucrative their business is. apples profit alone for the past
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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. now, the european union aims to curb their power by agreeing far reaching rows that could allow smaller companies to forage. general the dresser did a good some have said it, it was a bit like the wild west or it was a bit in their hands. we ever gain power because we are political authorities than what we said to them. of course, you're welcome in which 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 banned from conducting mergers and acquisitions. the digital market act will apply to what the
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e u cause 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 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 insecure, the vulnerabilities for its users, while google said some parts of the walls could affect innovation. the digital market act came hours before the u. s. and e. you agreed a provisional deal on cross border data transfers present. joe biden says the pact would facilitate more than 7 trillion dollars in economic relationships with the e. u. while to discuss all this am now joined from a st. galen university in switzerland by simon f. net is
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a professor of international trade and economic development at st. galen university and is also an expert in competition law. thank you very much, mister. have now for being with us on counting the car. so what do you make of this? these new rules will they ensure fair competition and more choice for uses? these rules will certainly shift the competitive landscape in favor of the smaller, medium sized firms away from the big digital behemoths. whether this translates into much benefit for cost, consumers would have been critically or whether those 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 are 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, and will it mean less profits for them?
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or the big tractor joins differ considerably in their business models. this legislation's been written in a way to target 8 different types of for a digital activity, commercial activity. and in each of them, it's pretty clear that the implementation of this, if it's faithfully implemented, is likely to reduce the profitability of the bigger bigger players. there is a lot, a number of constraints though, that they will be under, for example, our operators of platforms will not be able to force sellers on those platforms to have to use there of but financial payment systems. so these types of restrictions are going to be put in place and will whiten 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
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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 tougher 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. one, it, one option will be to challenge whether or not a company's designated as a gatekeeper,
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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, those will get contested as well. so i think, yes, the lawyers will be very busy. yeah, are they concerns about privacy and innovation? as some tech firms have suggested so that the big tech firms have suggested that innovation could be diminished and, and there, at the, the argument. i think they have some merit and saying this li, europe in commissioners a conceited that point. but the counter argument is that the additional innovation from the small, 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 term privacy is not the subject of this legislation. ok, 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
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a how are they going to be affected but also not just uses the advertises. how are they going to be impacted by, by this new loss? well uses will probably have more choice in terms of different services being 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 over the advertises. 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 take giants operate. do you think it's cement? europe's a leadership role. he has the most assertive regulator of big tech,
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and do you see this being adopted globally? so there's 2 things there. first, the e u has taken the lead on digital regulation, but so has china in terms of its own domestic market. it's not clear to me who wins 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 the 2nd point. sorry, please room it. what was your yes. 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 this 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, we get in touch with us my tweeting me at falling by a j e. and to use the hash tag ha,
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