bring in all of these other qualities are not necessarily struck in the ways that we've been taught them. i feel like that's potentially a really exciting prospect. studio be unfit. good on al jazeera ah, celebrations in france is estimate show emmanuel. my crohn has won the presidential election with more than 58 percent of the vote for my rival marine la pen conceives defeat, but turn so focus to legislative elections later this year. ah, i'm the parker. this is al jazeera life from london, also coming up on the front line and ukraine's east. this russian forces pushed towards the city of sloppy ask and ukraine's president delivers

a message of unity and resilience as orthodox christians market to sunday. ah, mit micron as being re elected french president for a 2nd term is far right challenger marine le pen conceded defeat shortly after poles close. and early estimates were released on sufficient victory would make macro the 1st french president in 20 years to secure a 2nd term. the run off between macaroni the pen was held after elections on april 10th. fail to produce a clear winner. or this is the projection micron has 58.5 percent with the vote. while his far right rival got a share of $41.00 and a half percent. these figures on estimation based on lee county lin, her concession speech marina penn, set the result puts her party in an excellent place for the upcoming legislative elections. i didn't, i didn't miss what we've been declared dared a 1000 times and

a 1000 times. history has proven wrong. those who predict or wish for our demise in this defeat, i can't help feeling hopeful. this result is proof of a great defiance on the part of the french people on that our leaders in france and europe cannot ignore its proof of a widely shared wish for a great change. the french people have expressed to nice a wish for a strong opposition against a manion. i call one that will continue to defend and protect them. or far left groups are also angry at the projected results and have been protesting and several cities across france. ah, these around the micron process and the capital paris were right lease abuse, tear gas to control crowds. and they've been rallies in ren high in northwest france will. so let's bring in, natasha butler, who joins us now live from paris, of course. and how should you be watching this very, very closely throughout to the, the bitter end. we're still waiting for the official final figures,

but it looks very much like the french people have chosen a safe bet as opposed to double. they know? yes, they chosen continuity. they've chosen a stability manual micro on 58 percent the estimated results and marine append defeated on about 41 percent and you know, the pose was suggesting pretty much that over the last couple of weeks is not necessarily a big surprise. i think mike crawls entourage would certainly probably be quite pleased because it is a significant leader. this was looking like a much tight race a few weeks ago. nevertheless, micro made a victory speech at the foot of the eiffel tower. sort of sumptuous location in the center of paris. i mean it, he acknowledged that many people in this election didn't vote for him because they support him because they support his policies. they simply voted to block his rival,

marine the pen, the far right leader, a block of far, right, a gender, which some people say simply to divisive for france, even though so many people. so many of those voters do not necessarily like a macro. so he said that in a way he owed a debt to those people as the next 5 years. and also to the many people, abstained one and 4 french people decided not to cast their pallet. mike ross said that he also acknowledged them and he had to hear their voice a natasha, a wind from a chrome, but not necessarily a completely clear loss for le pen. as we've heard just a bit earlier on the program she's. she's vowed to fight another day. yes, marine the pen i. she says that this is something of the victory. i mean, of course that suspend that she has to push on this. she did the lose the selection . however, she feels that more than 40 percent of people who are eligible to vote voted for her. and for her in many ways, she'll be joined lessons from latin. the ways that she sees that is though she has

huge support in france that she has a lot of support. a lot of people are supporting her far right agenda, that they were very supportive of her ideas on the cost of living or anti immigration ideas. maybe some of them agreed with some of her other policy she wanted, for example, to ban the headscarf for muslim women in public. she will see that as a sign that some of her ideas are legitimate, are popular. and what she wants to do now is look ahead to the june parliamentary elections because that will be a real test for all the parties for macro full, a pen and for the other political parties. macro for the last 5 years has had a majority in the parliament that has allowed him to push through many of his more controversial reforms. he may not necessarily get a majority this time the pen believes her party will do very well in the parliamentary elections. natasha butler and parish. thank you very much. will as you heard her from natasha during his victory speech micron,

cold for unity. hello louis on our sovereign do. together we must have unity because only this way can we live in a happy away and rise to challenges in the coming years and be more secure because these years will not be calm, but they will be historical at home. and together we will be able to write history for future generations. we also will germany, british leaders have congratulated my crohn. oh, laugh short says france made a strong commitment to europe and he's pleased to be able to continue to cooperate while boys johnson says france is one of the you case closed system most important allies. and he looked forward to continuing to work together on the issues which matter most the 2 countries and to the world. well, al jazeera is senior, political analysts, mo and b shower joins us live from paris, so we've heard from natasha mo, out about what this means. for france, but what does it mean further field for the european union? and also for international politics as well?

well, certainly the sire for relief. if there is one, is coming from europe, from brussels, and from berlin, and from rome, and other places where there is more, more central coalitions forming against the radical or the far right. trying to push the european project forward, or at least trying to defend, they will be on project as it faces major challenges, notably from the east, from russia, but also from an ambitious america. so the, the, the victory for, for francis my call is very important for the repeal new and to continue to face to continue to overcome challenges to continue to deepen. busy you know, the unity among its members, especially after briggs it and that was a major challenge after co hood and the panoramic. that was another major challenge

. and now with the invasion of ukraine, you know, a 3rd one. so with chrome and thought and france being such a pro european voice and an important european country. that's right. there's going to mean a lot for i the p and union. and as far as the united states, there's also of course, from the bible administration, there was probably a lot of congratulations. but also because macro basically soft in his language. over the last few weeks, few months, i would say couple of years from talking about independence, european defense, autonomous european security to know basically getting in with the program as it were. talking about the new natal, that's the strength of the strength of nato. and so on. so forth, which leads to face up to russia and its invasion of ukraine. my money, my crone may be set to be, be the winner,

but i think is probably fair to say that the pan got some things. definitely right . for instance, she seems have been able to reach out to a class of people who don't necessarily feel representative represented by the modern left, also terrible timing philippines as well. had it not been for the russian invasion of ukraine and apparent links between russian banks and the lapel and campaign. this result may have been very different for her. yes, absolutely. but, you know, be that as it may, she made progress and be that as it may, despite you know, promising to be the president of all french on the eve or another parliamentary elections. i would say looking at the numbers. and by the way, i'm not exactly a horse race kind of common analyst. i mean, not really much into the numbers, but i just saw the most recent numbers about the right selections. and i think this

is, there's a result here that i think is gonna make us reconsider some of the words what you've been using tonight. because this president micron. since 1969 would be getting the least percentage of the vote since $969.00. he got basically 37.9 percent of all those who can vote in the country. but because of the high abstention, something like more than 28 percent plus 6.7 percent of those who are basic were notified. basically, we're not citizen, their vote. we ended up with mccormick getting less than less percentage than the last election, but also less than all the person since 1959. which tells us that almost almost 2 out of 3 french citizens did not vote for michael. i think that's gonna be an important lesson for him. moving forward to know that

he's almost like an accidental president. he's making history tonight, but in a bizarre way, mister history is also making him. but other than that needs to pay attention to all those people who abstained and all those people who voted against him. mar machine. thank you very much for all, let's speak now to laura committee, our paris base political journalist, sir laura, and have you heard that? but our senior political analyst, marin bushera, believes that so many one micron is an accidental president. he may have for an uphill struggle in trying to convince people that didn't vote for him, but he's the right man for the job. well, what is true is that a apparently, according to a poll, published this evening, almost 42 percent of people who voted for him today voted for him in order to to, to reject it to minor been, and he, michael himself and knowledge that his victory, eccentric, accident speech,

so it's true that a big challenge for him will be, or how can he reconcile her, his party and his politics with all those voters who decided either not to vote or a vote for him. but out of rejection, fall might have been unwitting. the presidency, of course, is only half the struggle. we got legislative elections in june. you've got le pen promising to fight another day, claiming that she feels that she has strong enough support to be able to gain ground in the future. the battle doesn't appear to be over, doesn't of course, not end that alimentary election or elections, sorry. are very important ones for france and apparently house of french voters with like my home not to win a majority in the assembly half of fringe voters would like him to the forts, forced to appoint a prime minister from the opposition camp. so that shows how big the challenge is, but it's not a merrimack home. might it might be

a helped from some part of the right wing traditional party. i probably can maybe for the moderate wing of this party, because we have seen that tonight as many as a member of parliament from liberty can have shown showed their support of an macklin. and they will probably arrange alliance. local alliances with president shall party to think that this is a and then was to so severely polarized politics of the kind we've seen in france in recent years. it's as a pull to the center ground. are we likely to see a strengthening of left wing parties in right rate a right wing policy, what's happening to the political landscape in france? well, sir, that's a tough question. and what's, what we can see and the what, what's new is that historically francais, been working with, you know, the right wing, traditional party in the left wing, traditional party. and,

you know, in the, in, in a way of attendance between these 2 parties. what's that since mccoy's arrived? the political landscape has sort of redesigned, i would say, between 3 polls the radical left or because of the left voters are no longer a choosing the socialist, traditional lecturing party. but they are rather considering that, you know, let me know when the fossil needs is their voice therapies and their representation, the center. so starting from the moderate wing of the right tween party to enter my home, credit presidential party and the far right polls. so that, that would be the 3 different ball was and actually at the 1st round, which in that they, each of these polls as managed to get 30 percent of the, of the votes. so it's quite new and it's probably not a stabilized yet. and we'll have to see how the next elections in june. we'll,

we'll move, sorry. well, we'll pursue this recon position composition a kind of shifting political landscape as you say, the law committee, thanks so much for joining us. well, you are looking at live pictures from the center of paris, the shot, the malls, which is underneath the eiffel tower, the chosen location for a minute, my chrome to speak to his supporters and anticipation of being confirmed. president of the republic of france making him only the residence in 20 years to be reelected for a 2nd term in office, is likely of course to be his last because under the french constitution, you can only run a certain number of times. so he will not be standing in 2020, 2027, but obviously as he set out in his speech a short while ago, he's on awful lot of work to do and off the ground to cover and reaching out to

those people that didn't vote for him those who attempted to rote vote for the far right marie le pen and many others who chose quite frankly, not to vote at all. absolutely dismayed about the political candidates on offer. so an awful lot of work for manual my crone to do ok, so still to come on out. just iran, lavinia is right wing prime minister tries to see off a challenge, my opposition green liberals in a tight parliamentary election. unprecedented flood, sy, claims, and drought africa struggles to keep pace with the quickly changing climate. ah, in the vietnam war, the u. s. army used to heidi toxic herbicide with catastrophic consequences. agent orange was the most destructive instance chemical warfare. a decade later,

the same happened in the us state of oregon. these helicopters flying over the ridge brain, something they didn't even see the case. the 2 women are still fighting for justice against some of the most powerful forces in the world. the people versus agent orange on al jazeera with a guest with ah, one of the fastest growing nations in the world. ah, ronnie, cousin needed to oakland and develop it international shipping company to become

a p middle eastern trade and learning skillfully mapped out 3 key areas of develop, filling a prominence of connecting the world, connecting the future on the cost cutters gateway to whoa trade from the al jazeera london broadcast center t people, unprompted uninterrupted. there is a form of knowledge which is kind of not acknowledged. so there isn't only one story to be told, even about colonialism, the other stories got to have abdur. is that gonna? all 3 are to 18. we can bring in all of these other qualities are not necessarily struck in the ways that we've been taught them. i feel like that's potentially a really exciting prospect studio be unscripted on al jazeera lou .

ah, reminder of the top stories here on our sierra manual. my crohn and his support is a celebrating him from after he was re elected as president, as based on early estimates, giving him more than 58 percent of the run off. folks wants official. the victory will make my crown the 1st french president in 20 years to secure a 2nd. while his rival marine le pen conceded defeat shortly after the estimated results were announced, she picked up just over 41 percent of the vote. the far right leader says the results put her party in an excellent place for the upcoming legislative elections or counseling is also underway in slovenia is parliamentary election with the 1st exit polls suggesting political newcomer. robert golub is in the lead current prime

minister yan, as yansa is facing strong opposition to his bid for a 4th term. the right wing leader has close ties to his on korean counterpart big to all that. but he's been pulling almost neck and neck who'd gallop leader of the green freedom movement party and a former energy executive. the u. s. secretaries of state and defense are in key, if that's according to an advisor to the ukranian president, florida me as the lensky, the white house hasn't confirmed the trip, but it's believed to be the highest level visit by us officials since the invasion began. so lensky is expected to ask antony blinkin and lloyd austin for more powerful weapons. as his country comes under constant russian bombardment, which all stratford is near the frontline in easton ukraine in savanski. the town of lee man, which is about 20 kilometers. and also here a town that we were literally unable to get to today because the shelling was so heavy, we didn't have to speak to civilians coming out of it. they yeah,

confirming what we could hear saying that they were families sheltering in bunkers . we spoke to one person who described a crater in the center of town that was believed to be changed from an air strike. we cannot. busy confirm that and just as indication of the difficulties that people are facing here is this, as it was continues, there was a young family that was actually trying to get into lehman. at one stage we said, well, where are you going? can you have the shelley and they said, well, we have no choice, our home is there and we cannot afford to live in any pro. and that's where they fled to. they play that every once before and now they were going into it. just as it seems, russian forces are making a concerted effort to push towards the city of sla beyond square. we are now in other areas. we also know that is ongoing fighting south east of here in a town called pop sana, which we understand is half controlled by the russian rules is heavily contested. and as i say,

is an indication of the russian army trying to surround savanski here as sofa. so far, at least, ukrainians, ukrainian forces seem to be keeping, keeping them back. when you cranes, president villamore, a lot of me as a lensky has called for unity and resilience during an address marking easter sunday and the will for the christian church. subdued celebrations have been held across the country. church leaders have been asked not to gather too many people together in case they become a target. alexi or brian reports. yes, the horses will go and miss in the shadow of war. ukraine's president turned to a building signifying peace caves 1000 year old st. sophia cathedral, the setting for his latest video message marking orthodox easter sunday or on will yours. christina crystal, his show symbol is we believe easter symbolizes the greatest victory of life over death. each of us is asking god, only one thing. every one says the same words, the words of a great and united prayer. great lord to save you. crane. oh,

sunday also marks 2 months since russian forces invaded ukrainian authorities urged those celebrating the christian festival to follow services on line. but some still made their way to church for easter blessings. oh, this is boucher outside cave town that seen some of the worst violence of this conflict. and other parts of the country artillery fire could be heard as easter services were held. ukraine had joined to the un and pushing for an east, a truce, but with no success is saunter severe to nearby, the sun is shining and the sky is clear. but there is no peace in my soul. i very, very much once ukraine to have liberty love and hope or years that the book is so others and the eastern city of separation were too nervous to stay for math. 3rd one as a whole of so we didn't enter the church. we did everything quickly. we received

our blessings from the priest and we are now on our way home. the conflict has divided the orthodox church. the russian patriarch and ally of president vladimir putin. his throne, his support behind the war, and used his sermons to justify it. that's angered church leaders in ukraine and others across the orthodox faith. it's spiritual leader has pushed for an end to the fighting, calling it an indescribable human tragedy. rushes annexation of crimea lead to a part of ukraine's clergy splitting from the moscow led branch in 2018. there are fears, the war could further rupture. the wider church president of alada me as a lensky urged ukrainians not to lead anger, overwhelmed them. vilegas, how does a wooden today's great holiday gives us the great hope and belief that light will

win over darkness? see good will when over evil life will win over data. so therefore ukraine will win . inevitably ga, mailed to me. oh, a prayer for peace and hope heard and felt across his crane. alixia brian al jazeera soon as he is coast guard, says 17 people have now known to have died and multiple shipwrecks on saturday. for boats carrying more than a 120 people from different countries in africa, sunk off the coastal coast, near the city of sparks majority were rescued. the migrants were heading to italy, crossings on the rise, and dozens of drown, trying to make the perilous journey. meanwhile, at least 6 people are known to have died after a boat carrying refugees and migrants sank off the lebanese coast overnight on saturday, lebanon's navy says one of its ships crashed into the small ding e after the smuggler in charge. tried to evade the military,

around 60 people on board, all lebanese or syrian ah, la columns to we're hemisphere. little now it's a tragedy on all levels. for all, tripoli is a family and i can't express the feelings. the media asked me about nationalities. this doesn't matter. at all, what's important is to save lives. we now have $45.00 survivors, one girl died, and the search is still ongoing. the glasses for me, lebanon is a village, and we're all family. the japanese coast guard searching for 16 people still missing after sight. seeing boat went missing, and bad weather off the northern island of kato, 10 people have been confirmed dead most were found on near by rock, so in the water, the crew sent out a distress call on saturday during bad weather. the water in the area is not much above freezing. it would likely affect people's consciousness. after just a few minutes, an investigation into the operator is underway. the recent floods that have devastated large areas of south africa,

a highlighting concerns over climate change. environmental groups in southern africa are concerned governments in the region and not doing enough millions of people have suffered both floods and drought in the last 6 months alone. for me, the miller has more from johannesburg, unimaginable destruction homes and lives destroyed or lost as floods ravaged parts of quizzes, due natal province in recent weeks. and in the aftermath, beaches streets aligned with debris and pollution. at least 443 people were killed in the floods described as the worst in 60 years. when 2 months worth of rain fell in just 48 hours, causing mud and lance lights, we needs to increase our investment in climate adaptation measures. to better safeguard communities against the effects of climate change, the government is calling such natural disasters the new normal,

attributing it mostly to climate change, but environment experts say the devastation may not have been as bad if the government had done more. here in the township of alexander and to hannah's budd thousands of people live alongside river bank, land prone areas. while the happy local and global that is to reduce the effects of climate change, many of those promises have not been kept ex, let's say countries like south africa need to build better houses, roads, and trains and phone support systems to adapt to climate change and keep people safe x would say africa's west indian ocean region is vulnerable to extreme weather shocks. parts of madagascar recently been hit by intense tropical psych loans. while south east of the island drought has decimated crops, killed animals, and displays thousands of people, causing widespread food shortages, drought, his to ravaged parts of zambia, zimbabwe and south africa. in fountain, madagascar,

for example, you have 1.5 to 2000000 people who suffered acute hunger because of drought issues. you have over a 1000000 carcasses from lice livestock heard us, etc. and now with the. busy storms that we have seen about 3 very significant storms happening, a quizlet natal in the space of about 7 years and who has suffered the most. it is really the poor and vulnerable who have only dangerous places to put up to houses in. we are going to continue to see this trend happening all across the african continent. it's estimated it will cost billions of dollars to fix the damage caused by the latest flooding in south africa and environmental groups. se severe weather has killed half

a 1000000 people in southern africa. in the last 6 months alone. for me de la auto 0, johannesburg, south africa. ah, a reminder of the top stories here on al jazeera and manual. my crone and his support is the celebrating in france after he was re elected as president. that's based on early estimates, giving him more than 58 percent of the run of votes. once official victory will make my crown the 1st french president in 20 years to secure a 2nd term during his victory speech, micron called for unity. isn't going on with the local but yet i know for many of our compatriots who chose extreme rights, their anger and disagreement which led them to vote for that project. well, we must find a response that will be my responsibility and the responsibility of those who surround me, novice,

because the vote to this election means we have to consider all the difficulties people have lived through and to respond to their anger and disappointment. my dear friend today i'll you had a choice for humanism, for ambitious independence for our country, and for our europe visit while his rival marine le pen conceded defeat. shortly after the estimated results were announced. she picked up just over 41 percent of the vote. the far right leader says the results put her party in an excellent place for the upcoming legislative elections. i did a love i did meet what we've been declared dared a 1000 times and a 1000 times history has proven wrong. those who predict are wished for our demise in this defeat, i can't help feeling hopeful. this result is proof of a great defiance on the part of the french people on that our leaders in france and europe cannot ignore its proof of a widely shared wish for a great change. the french people have expressed tonight a wish for a strong opposition against amanew, and i call one that will continue to defend and protect them. counting as also

underway in slovenia is parliamentary election with the 1st exit polls suggesting political newcomer robert gold is in the late con. prime minister diana's yansa is facing strong opposition to his bid for a 4th term and the u. s. secretaries of state and defense are in key if, as according to an advisor to the ukrainian president, florida me as a lend scheme. the white house hasn't confirmed the trip, but it's believed to be the highest level visit by us officials since the invasion began. flawed of me as a lensky. we'll ask antony blink and an lloyd austin for more powerful weapons. as his forces continue to fight, the russian invasion is expected to request anti miss ireland, anti weapons systems, as well as arm and vehicles and tanks. i'm great. you're watching out are 0. those were the top stories that stay with us because counting the cost is coming up. next, they're going the latest news as it breaks to turn estimated

$20000.00 lead gold miners just because the younger mom, the reservation, with detailed coverage and the government says it's taking action, but doctors are desperate. thing lives are being put in danger from around the world. president zalinski says the coming days will be crucial for ukraine with the expected renew defensive in the i flew, i'm fully back to bo, this is counting the cost on al jazeera, your weekly look at the world of business and economics. this week is to lancaster, worst economic crisis in decades and is pushing people to the brink. so what's gone wrong for the islands nation, and can it secure the cache?

it means to buy basic supplies. old. so this week, china's g d p growth for the 1st quarter beats forecast, but the countries weighed down by lockdown. so can be gene, keep the economy growing or well, the world's manufacture a grind to a halt. and as fuel prices rise, electric homemakers, i an increase in sales, but his demand for the vehicles really increasing among drivers. and if so is there enough to supply them? thank you very much. for joining us, sri lankan coffers have old but dried up and it cannot afford to pay for imports. millions of its people are bearing the brunt of the country's economic crisis. basic goods are in short supply power. carsa frequent prices are sorry, and the value of incomes is eroding. many people blame the president for the worst economic crisis in more than 70 years. and they have taken to the streets, demanding, he stepped down, go to buy a roger pox,

a has admitted making mistakes and promises he will correct them. a roger pack sir has appointed a new cabinet by the opposition, has threatened to bring it down far. the country's economic crisis is caused by a lack of foreign currency. shall anchors, finance minister has started talks with the international monetary fund, seeking a rapid financing instrument or r f i. the island nation has also turned to india and china for debt relief, but both countries have offered more credit lines. to buy commodities, sri lanka has suspended payments on its international debt of more than $51000000000.00 effectively putting the country. in default, the island nations foreign reserve stood at a less than $2000000000.00 at the end of march. while the countries foreign debt obligations were this year exceed $7000000000.00. the stock exchange was also suspended for 5 days last week. now, should anchors inflation rate climb to almost 19 percent last month up from more

than 15 percent in february is highest level since october 2008 and the fastest raised in asia. here's an idea of how much basic necessities now cost white rice, a common sri lankan staple increased by 93 percent since 2019 chicken and lentils have gone up by at least 55 and 117 percent, respectively. the state own sale on petroleum corporation raised the price of fuel by more than a 130 per cent last week. and a standard household cylinder of cooking gas inc. lease from almost $5.00 in 2021 last year to 9 dollars this year. and the country's ruby has plans to record lowes becoming the world's worst performing currency. the government has the value that will be placed, curves on non essential imports and almost doubled interest rates in a bit to tackled economic crisis shrunk as economy has lost much of its tourism revenues because of the pandemic and remittance is dried up. but critic phase

government decisions to cut taxes and shift to organic farming are among the main reasons behind the crisis. or joining us now from shall and guess capital colombo is, will mation where i'm with dolly, who is an economics lecturer at the university of colombo. thank you so much for being with us on counting the costs. this is by far the worst crisis to lanka, face in independence in 1948. how do we get to this point? what went wrong? to start with this going made a series or bad choices that starting from x indeed elected to the his in 2019 and subsequently the korea, benjamin, he did law that had an adverse impact on how we would the decision said the government made some sequence to defend me, particularly to, to hold that will be following up exchange a jean, particularly the decision not to restructure date. and going by admit that these,

what has actually led to this crisis. because been me when we intend to because i'm going to one, it was quite clear that there was no way sheila case going to continue with the food industry payments because the con case for the diesel law. and we law, significant amount of revenue to worrisome because of depend making back. and on the other hand, we didn't have the ability to go to the international capital markets and borrow, but you issuing euro bones was hovering bugs. that is, because would append to me can as be less likely to text, but right, so you did, you didn't have the luxury or refinance again. the, the ideal option was the the fee structure and the government decision to not to take that option was what caused this whole crisis to the prison mind? a roger pack for has admitted making mistakes. is it just download to his policy decisions that have made sure lunk as economy so so vulnerable to the stocks or the other factors that play the will the economy was one little bit because sheila was

export hasn't gone probably over last couple of decades or more and at the same time to tax revenue was very, very low. probably one of the was among the words. so when you are in a such a position, you have to be very cautious when you make it a policy. and they were not cautious, particularly when you have a very low text when you read doesn't make sense to get tax cuts. right. but dave, in to, he then gave it as an election promise. and soon after they let the good dave into the text which was absolutely necessary for a country that has made it excellent. so it, and also there are decision to strictly, you know, not going to, i mean, because they were insisting that we are not going to him if you're not seeking. i mean, as he says and debated till the last mormon people are dying or short ages to make that decision. so it was the wrong policies that pursued, ignoring the economics database that has led to these shortages and the daily suffering of the experience today. what the government has now officially requested,

you know, the i m s help, which you know has been criticized because as, as yourself, many people have said, it's taken too long for them to go to the i m f. they've requested an r f i, which is usually granted to countries with urgent funding needs because of shop commodity price rise. for example, national disasters will be get this and will be i am f bailout work this time around. let's talk about the bailout in into parts lately. the odd, if i were to measure that be fine as instrument, then you will have something like be called the extended fun facility, which is the normal beta package that relates between ca, quoting 2016, but for, for now the in too much to be received sheila cost debt has to be discussed in a liver, which is not the recent stock report made. i mean clearly stipulates that priyanka need these on sustainable. and unless the government easing the odd to me that it's

a stain, a boat, i miss you may not be in a position to give, give, provide, lending at this point. so, so it's a bit of a tricky c question. it's not quite difficult at this point to get an eye on it if i, because the level of the funky has. but we'll have to see what the actions that i would like to look at this point. and if that policy action is to get an idea of what about china and india, they have offered credit lines. does that offer a lifeline or will it mean more debt? for sure long? well, i mean, definitely going to be more dead because that's the only way out of it will have to borrow what you need to be cautious. this at this point you will have to borrow but, but you have to borrow for sure. lease, or that you don't overburdened your date. and also to get to more of a transition, a form of you know, the date that you have to pay across large long number of years. and also we can low interest rate because we can't really take the burden of

a commercial anymore at this point in right now. and also be dictated nines. very nice. my tell in the short term, particularly in terms of was a play which you might be running on these days. the poor credit line provided by india. there's another credit line coming from india, from the scene, essentially with an intermediate, good chinese embassy. and in a press conference few weeks ago mentioned that they are also willing to provide a credit line and another loan. so someone would that be received with a pretty nice but, but that's how quickly that those things comes is so important, must be equal as being play notes. okay, now speaking of, of the debt the, the moody's ratings agency has one that's your lanka, with a series of defaults on it. foreign debts after the government said it would stop re payments. of course. what are the implications of that? what would that mean for sure, lanka, and its people? the vain which we de paul did, i did was not the worst case. the reason being in imperial dave treated me,

made an announcement for what we call the unit. i tried before the door informing all the creditors that we are not able to be rather than an abrupt but disorderly the 4th. so that's one good thing. so which means the tailor could just look here, the billing to the start date and the claim. if you have any questions, so things wouldn't be bad as disorderly before. so that's one good thing that was done but, but that was to the question was that it was too late, too late? saw the stall depends on how quickly the restructuring process goes. that has to go along with diana was she should have smith saw the sequence of feet. i wouldn't say would be betty severe. it wouldn't be bad to be sort of before. and i don't think that the imports below kicked due to the default, but the imports, how old are the affected? because that is, those are the most and that's the key concern to address no,

fine for the injury. so strong tom bell. 20 need to get the lines to ensure that the b c powers who may be seen oil. and i was going to ask you about that, that the choice at the bed best options now for sure. lank as government waste for the government to improve the country's fiscal position while also protecting those who might face poverty. as a result of policies that might lean towards charity, there has to be a corporate social safety net program, giving cash transfers to those who are particularly affected by the high food prices and shortages and make it a priority along the b. c for him to because otherwise d, c forms will not be politically feasible. been because nice people come through that. all it's and start writing. ingest most of the so, so the 80 quietly at the mutation strategy to communicate with the vulnerable group said this is what we are doing. and this is how we are going to protect you and to do the need to protect them. thank you so much for talking to us about this.

ensuring light on the situation and she will mess around with dolly lecturing. economics at the university of columbus. thank you very much for your time. listen, they should be here. thank you. ah. china's economy has beaten all expectations for the 1st 3 months of the year. gross domestic products grew by 4.8 percent compared to a year earlier, but consumer spending fell and unemployment rows suggesting tougher months ahead. that says the country is expected to feel the full blown impact of corona virus locked downs and the war in ukraine. many economists say beijing growth target of around 5.5 percent for 2022 appears to be out of reach. katrina, you report somebody jane. china's economy beat most expert forecasts and expanded by 4.8 percent in the 1st 3 months of 2022 strong manufacturing activity and a boost in infrastructure. spending early in the year drove much of that growth.

but major challenges threaten the outlook of the world's 2nd largest economy. should you should. the global situation has been complex on the fluid. domestic, we're covering 19 continues to have impact. that's why some major indicators were slowed down and there's a pressure i can army performance, other china is battling, it's worse corin of iris outbreak since the beginning of the pandemic. and tens of millions of people nationwide has been confined to their home spot lock downs and purchased march across major industrial and commercial hubs. including shanghai and sion, gen have crippled supply chains and assembly lines. analysts say the damage caused by shutdowns will be further felt in future economic data. but retail spending has already contracted by 3.5 percent. unemployment has also risen. foreign business leaders say badging 0 tolerance approach to corporate 19 is harming both the domestic and global economy. the western and japan, korea,

all the big economies have strong interests. the china changes to one because it said percent of all goods and china manufacturers have some sort of china in there . so of china actually sneezer, you know, the world catches a cold. we need child to succeed. we need china to open up in order to actually maintain also good the global economy at a certain speech speech and the global economy needs china now to succeed because we have a war and ukraine which as a rebel on effect. and this is like a perfect storm coming altogether. unfortunately, rising inflation and a cash crunch in the property sector are also dragging on growth. the government has set a g d p target of around 5.5 percent this year. it's the lowest in decades, but many believe this figure will be tough to achieve without the rolling out of more aggressive stimulus measures. still, china's leaders insist on maintaining the most heavy handed pandemic measures in

the world. the cities of she ad pseudo and john jo have joined shanghai in imposing restrictions following local outbreaks over the weekend. on joining us now is robin monday high professor of asian, initially at the i. e. s. e business call and president of the asian studies association of hong kong. thank you very much, miss them on behalf of being with us on counting the cost. let's start with the good news. the positive news. first, the chinese economy making a solid start at to the year. what are the main factors driving this growth? well, as you know, they are still benefiting from their success of the, the wound or experience. so while the world was starting to crumble down, they actually were actually, china was recovering. so they continued being the world. so factory. so they were exporting and they were making the goods that the world demanded. so this as

a result of that but, but the 1st quarter a g d p does not tell the whole story, does it? i mean, what's the reality of the situation right now on the ground? ok, they said 515 percent is the target sold. the whole year are personally i've, i'm doubtful about that. it depends on several things. i would, i would mention 3 things. the 1st one is the revival of the domestic consumption ah, in, within china. the 2nd one is the resumption of international trade, which was disrupted by the ukraine ukraine war sauce. imports of china has gone down. and also, you know, the china imports an array of goods which are later are re exported. so both are done because the ports have also begun to be close flights of also been reduced. so oh, and contributes clue down flow of international 3. and the 3rd one is the supply and

demand factors. first of all is the your grain war. second is the prizes and commodities driven by the, by the war. so you have all call natural gas and other commodities. food also, 3rd is inflation. and china is way to talk. it is different from the other countries. it works and then production capacity is down because of the lack dollars and armors factories are kind of still down. right? well, let's talk about those locked down since the beginning of march. china has struggled to, to contain it's worth over 19, not breaks into the start of the pandemic. as you yourself said, when the world was dealing with china was actually doing much better than most countries. but now it's in the grapes of this crisis. we've seen important ports

like shanghai shut down. how does the government make economic stability a top priority, while also maintaining this 0 covert 19 policy strategy? one solution to china always had was to use infrastructure investment. what if, if things are down, they will double down and on, on making more infrastructure. that's to preserve employment, to keep the economy going because external will be difficult. so they will use internal tools in order to, to keep the economy going. but, you know, that's not very easy to do because there are other, other issues that they have to, to contend with. for example, the aging of the population, the factor in the lying down attitude of the population. the positive side is innovation and technology improvement goes up. but those are the things that they

have to, you know, make sure that they enter our property. so the economy is able to do briefly miss that one to her. let me ask you about that. the global impact on this, you know, especially for those countries who rely on chinese production and on demand for chinese investment. how, how difficult do you see the situation being for them in the coming months for me. oh, consider this a very difficult issue because they have, ah, a play playbook rule to follow because a vague this year is special for china. they have this, they have this special meeting in ridge. ah, president c is expected to have another another term, another 5 year term. so that cannot be disturb. so in, in the past once these things happen. so it is very difficult to move because as we have seen already in the past beginning the one crisis with verse

a china way of doing things. and that's why in the 1st stage of the one crisis, it was like disaster. but bits they quickly changed. but that change has to be decided by the cup. ok so and that is the problem here. thank you so much for your time. thank you for talking to us. we'll been one day hi. with petrol prices storing the preferences of ca, shop is our shifting drive is increasing the choosing cause that plug into sockets over those that burn fossil fuels. global sales of electric vehicles are estimated to have jumped nearly a 120 percent in the 1st quarter of the year. despite the high cost of the vehicles and batteries. the average cost of lithium ion battery sales increased to at least $160.00 per kilowatt hour in the 1st quarter of this year. as compared to 105 dollars last year. the high battery cost added almost $1500.00 for the best selling electric vehicle in china. for example, supply chain destruction been sanctions on russian. metals are among the main

factors driving up cost and the market share of electric vehicles around the world increased $41.00 times in the last 10 years, reaching 8.3 percent and sales broke records globally last year. global e v purchases reached more than $6000000.00 units in 202108 percent more than the previous year. 130000 electric vehicles were sold throughout the year in 2012. that figure was reached in a week in 2021. china recorded the high sales at 3400000 . 2.3000000 electric vehicles were sold in europe. this figure was by 66 percent compared to 2020. the us rank deferred with 735000 electric vehicle sales. while joining us now from london is casper rose, who's a chief data officer at benchmark mineral intelligence. an agency specialize in electric vehicles and battery supply chain casper. thank you so much for being with

us on counting the cost. so what is driving this demand for electric vehicles? our environmental concerns, motivating buys always it more about gas prices is a combination of factors driving, driving electric vehicles, demand at the moment in some regions. it's, it's subsidies, so you're thing some quite generous subsidies available on electric vehicles, particularly in china and in europe in the kind of policy well, as well as some big drivers. so again, in europe, fleet emission standards that need to be met by over time make is across the whole fleet. so one way to achieve as is to move to more and more electric baker sales. and then just to kind of longer term as a consumer, looking at the planning to end internal combustion engine. becto sales, very different based globally, but between 2030 and let's say 2050, generally speaking, people thinking now more and more about electric vehicles. and i guess just finally

kind of a consumer preference to move to more and more environmentally friendly technology . as speaking of the longer term, let's talk about the cost, the price of these vehicles because there's been a continuous search in prices, right? for electric vehicles, costs rose because, you know, of supply chain disruptions. the sanctions on russia, for example, to expect this rise to be temporary or will battery costs for example, stay elevated. or are we going to see at some point, some sort of stabilization, you know, the major component that's driving the rising cost of batteries is, is leaky mind battery critical role material. so the cathode, which is captured in a battery cafe, representative of the cost of the battery the moment. and that's where you find the lithium, the nickels manganese, and those price price is very high. as you know, high prices willing been incentivized, more investment in production of federal materials in cash flowing, lithium operations, new nickel operations, etc. but it takes a long time for that to come to market. take many years and you mind to be billed.

we typically say around 7 years, so we will say those investments that are happening now and, and commence last year coming to play in the coming year. and that will, that will balance costs. now, the ultimate cost of the b, i guess, is really what matters in the compensation today. and there's still economy discounts to be made in terms of the vehicle production level of the production level. but we do expect these material markets to go in and out the deficit over the next decade. so for right now, the main problem is lithium and lithium deficit in the very tight, and that's why we see price for him. benchmark publishes various different grade prices on a global basis. the average is 465 percent year one year. and since the start, the panoramic recover recovery is closer to $800.00. and i was gonna ask you how manufacturers are getting around the supply chain disruptions? i mean, it's very challenging at the moment. i mean, we, you know,

we have the earnings call yesterday from tesla who specifically, you know, mosque and tessa themes specifically mentioned. lithium is a major concern and could be a limiting factor in the right of which my batteries can be produced and they are exposed to cost at the moment. so by that, what i mean is that no hedging mechanism, like you would having something like other larger commodity markets. these, especially alex, the chemicals lithium in particular is no a commodity. you can't just use any kind of that. you mean your process, you have to qualify that product, so it's very, very challenging. so at the moment what we're seeing is largely speaking, those additional material costs are being added to the, the big win some way or margin to being casserole. thank you very much for talking to us. thank you very much. and that is our show for this week. get in touch with us by tweeting me at fully bought a g e and do use the hashtag acdc. when you do or drop us an email. counting the cost that al jazeera dot net is our address. that is more for you online at al

jazeera dot com slash ctc. that will take you straight to our page, which has individual report link setting, tie episode for you to catch up on that event for this edition of counting. because i'm fully back to go from me and the whole team here in doha. thanks for watching. the news on al jazeera is next. the story goes that the statue of an ancient greek god, hidden beneath the waves for millennia. until a palestinian fisherman on earth, the priceless relic. the story continues, that as the world's attention was drawn to casa mysteriously, the deity disappeared once again. the apollo of casa on a jessia. ah

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