and they were you partially successful, which is amazing. salt water is very corrosive, and i'm damaging to the parts that the rocket is made out of. so they want to try to minimize the exposure to salt water as much as possible, which is why this mid air catch was invented, you know, so that, that would avoid the booster falling into the ocean at all. and instead they would, i'm sort of drop it onto the deck of a ship. if you look at space acts, which is the only other company right now that is reusing rockets the. 6 first stage accounts for probably about 60 percent of the cost of the rocket. so that's a significant savings when you're talking millions of dollars. ah, hello, this is al jazeera and these are the headlines. a group of civilians who escaped the besieged,

ukrainian city of mary. a pole have arrived in the upper risha city. they are expected to be followed by a group of around another 100 people who are trapped from 2 months. and the vast as of style still wax planned, the un is overseeing their safe passage in while a teenager has been killed off to russian forces targeted a residential area and the ukrainian city of odessa, russian rockets also struck a major bridge near the port city for a thud time. so whenever you come in today, the russian army launched another few rockets on a desa. they destroyed a hostile or killed a 14 year old boy wounded a 17 year old girl. she has a shell fragment in her body. what's the point? what for what tainted, those children pose the russian state. meanwhile, the ears energy commissioner has rebuffed the kremlin demands for gas payments to be made in roubles despite threats of supply interruption. cadre simpson says, european companies should consider other payment options. the phones of spanish

prime minister pedro sanchez and his defense minister had been hex government officials say pegasus spyware. that's made by these really and a so group was used or hundreds as you can see them from these live pictures have gathered outside the u. s. u, p, and course following a leak draft opinion that the court has points to overturn a ruling when she legalized abortion nationwide, the justices are expected to issue that ruling on the case. early july, neither the supreme court nor the white house has commented on the authenticity of beliefs. draft. a tornado has ripped through the u. s. station, oklahoma with warnings extending to neighboring states. media have reported. winds of 90 kilometers an hour and hail the science of golf balls. meanwhile, 5 sciences in the us are trying to slow ablaze effecting several southwestern states. hot dry winds are fueling flames across arizona, nevada, and new mexico. thousands of people are being forced to evacuate homes across the region. well,

those are the headlines and the news will continue here on our 0. after counting the cost. wet temperatures reach minus 35 degrees celsius and mountain roads become barely possible. one small, many bus serves as a lifeline for a community facing environmental and cultural change. ah, out, is there a well joined the regulars on board? turkeys she in chi, a bus on al jazeera news . hello there. i'm kimbell. this is counting the call on al jazeera. you'll look at the world of business and economics this week. he's a prolific tweeter, moscow centric um, which is owner and a $44000000000.00 deal. so what will the world's richest man gain?

and how is the influential platform like bill change? also this week, the mountains of death and the world's poorest nation. i m f and world bank war. many countries are at risk of distress. they're calling urgent action. so who should put the bill? and paul's dwindling foreign currency reserves. the government limits imports and tends to citizens abroad to shore up in cash stockpile the himalayan nation heading for an economic crisis. ah, it's been a volatile deal hands if it goes through. it would be one of the largest leveraged buyouts on record tis the basic c o. l on mosque has agreed to acquired twitter for $44000000000.00. i could potentially add a new job. his resume, new age, media baron, given millions of uses, rely on twitter for their news. and they might get some of the platforms, content restrictions, relaxed mosques,

as he wants to promote free speech. but what does that mean in practice? as well as on the reports from new york, the deal is done the month long saga of who will own twitter appears over in one of the largest and most unusual tech acquisitions ever. the board of directors at twitter unanimously agreed to sell the social media company to eli musk for $44000000000.00. up until the deal was announced, there was doubt on wall street. that musk could cobbled together the financing needed, but he did musk help pay for the deal with $25500000000.00 in debt financing by a group of banks led by morgan stanley. in a press release announcing the deal must talked about improving the platform by getting rid of automated spam accounts and making its algorithms open to the public and authenticating all users. but for musk buying twitter is about free speech,

or at least his version of it potentially ending twitters current content, moderation, or stopping the platforming of users to break the rules you on mosque is not buying twitter or financial reasons, although he thinks he can make some money on it, he's buying it for ideological reasons and i think that's the really important part and all this. and that's ultimately what's scary with musk in control. they fear a return to the unruly spread of disinformation on the platform. so as today, a good day or bad day for twitter users, that is probably the most important question here. and i think it's also the question that's going to be hardest to answer. i think that if he does a lot of the work that has been done trying to protect against sort of normative lead, bad speech such as this information and especially he's speech that's going to be a bad day for but you know, there's a chance that he takes over and doesn't sort of have quite a sweeping of

a reform agenda as he's that he's put forth in over the last couple. it's been a tumultuous month for twitter. the saw must take a 9 percent stake in the company, making him it's larger shareholder. he was then offered a seat on the board of directors, only to have it abruptly revoked, followed by his cash offer to buy the entire company all within the last few weeks . ultimately, law must got what he wanted to not only be a twitter user, but to also be its owner. gabe rosato al jazeera new york, but investors have long been concerned about the company's growth. the numbers suggest that twitter is hardly the most successful social media platform in the marketplace. the company ended 2021 with a $5000000000.00 revenue fraction of the figures recorded by other platforms, facebook's core app, and nearly $70000000.00 in advertising revenue. more than 15 times the amount

twitter earned in the same period last year. twitter is not the biggest social platform either and has more than 217000000 data uses, compared with billions for facebook and instagram. well, there have been different reactions to the deal from politicians while the white house said it's concerned about the power of large social media platforms. some republicans welcomed it as an encouraging day for freedom of speech. to discuss all of that. now i'm joined to by daniel, i'm from new york. daniel is the managing director and senior equity research analyst at web bush security. thank you for your time. i surprised by this deal. got the no one in a 1000000 years come in 2022 would think that you are in mosque. we're doing twitter. so with that said on twitter is vulnerable. i mean, the company's been on their performance social media for the last decade and must, can knew that there was an opportunity. and also it was

a game of thrones to board and look for another bidder. a white knight could find it must details in financing riches person the world they had to down deal got done . so, you know, look, i think for mosque the easy part. he was playing chassis, the board was playing checkers. so that was the easy part, the hard parts can be fixing twitter, which is what i view as i'm as an ever is like up to a battle. there's been a lot of touring and falling to get to this point. it was, you know, is it almost going to join the board? no, he's not. he wants to buy it out that going to put for this poison pill plan that didn't happen. why do you think it is that the board ended up accepting this deal? well this is, this is a game, a game of thrones, right? and in terms of how it all played out. i mean, ultimately, i mean must surprise the board with the 9 percent stake. they tried to invite them on thinking musk is just going to eat cheese and crackers in the corner and

approving board measures. but we all know that's not much. so one must decided not to join the board. that's where this became hostile. now of course the board did a poison pill, and that just gave them time to try to find a 2nd bidder. but mosques, price for twitter, there's no $1.00 in the universe that would match that. so that continued to play out and ultimately their options started to diminish and they were at a point where they had to accept the bid for mosque. and that's why we are where we are because they were really no other white knights. in last because this isn't about money, he's described himself as a free speech absolutist. how do you think he is going to change twitter? he's talked about obviously making the algorithm open source. beyond that, what sort of changes do you think we're going to see? it will likely grocery subscription model, you know, probably per month in terms of what it's paid in terms of the freedom of speech

issue. look at the buyer storms issue. you know, i mean how, you know, ultimately do you make sure it's not accessible, which has become over the years, and then how do you monetize your memory? he's spending 20 percent of his network. so saying, famous speech is one thing and he just basically took a decent piece of the test, so shares and tre, doc for twitter. and i think now, i mean they're going to have to ok, subscription model, you know, west constriction in terms what you could say. but does that ultimately improve from man is ation perspective because deep losing out the tick tock. instagram, facebook in the social media arms race, which continues to believe that's why, you know, in terms of musk trading in his task for twitter shares that just puts more pressure and hassle stock and you've seen that play out. yeah, i mean, yeah, he said this is, i guess it's about his ideals and his thoughts on free speech. there are concerns

in some court is that this could just kind of inflame misinformation that we're going to see even more misinformation that as you put it, it's going to become even more of a of assess pit. do you think that's going to happen? what department? twitter is that we could talk about twitter can trump to all the other controversies. but yet there are the 3rd tier player in social media. she never hear tick, tock or instagram, yet, knew the amount of users or 10 acts. and i think that's the problem is that you know, the, the balancing act to make sure twitters and go down that path that's me did. and then how do you do in monetize and that's why continues to be. this is a major head scratcher for much to go in. in terms of going after twitter. it's a different animal than paid pal tasso space acts. his obviously just massive, massive historic success stories and i think that's the problem going forward. the

other issue is that it's political blow back, not just in the us, but just globally on both sides of the aisle. and now could then have an impact on tasa speech, sex. and that's really been the concern, especially for a company like hassan space, or where must is the heart and lungs of those companies. do you think that regulate his could step in and stop the deal or how do you think twitter will react to regulations in general? well, i think from an anti trust perspective, it won't get black because there's really no anti trust issues. i do think they'll be twists and turns both in brussels as well as the beltway, you know, probably a lot of sort of regulatory scrutiny because it's such an important platform in terms of global reach. but it, but if you will, good twitter stock right now. i still think there's will call 10 to 15 percent uncertainty in terms of what was st speaking in that the, the ultimate does not get done. what must the breakup fee be?

great. he decides to walkway to $1000000000.00. that's pretty small relative to a deal of the size. so it's just, you know, watch out or not just the regulatory, but some of the other issues that could get in the way here. and as we all know, must 24 hours could change. tune as you say, twitter has not performed in the way that the other big social networks have. why is that, and do you think a lot mosque could bring? i guess the law must factor to twitter and make it profitable to that point. he pow paso space x ray. when we're talking sherman biggest success stories be script the last 2 years may be ever is especially when it comes with password space act. but, but twitter is a different animal. you know ok to monetize it. you can make it a paid subscription service department, twitter, or just been engagement has not been there. as we talked about, it starts to become just as assess pool in terms of from

a heat perspective. and now it's kind of ok, like what could he do to turn this right? there is a must factor. you could see more come on the platform. but then you could also see, depending on which way takes some lead the platform. and i think that really continues to be the conundrum from us because he just spent 44000000000 and that's a walk spent in terms of pushing free speech. especially when it comes to a twit platform with it's easier said than done. you know, especially as we've seen over the last years i'm so thank you very much for your time. we'll leave it there from new york, daniel eyes. thank you. the boil price is a surgeon around the world and the central bank raised interest rates to tame inflation. borrowing is becoming more expensive. the world bank on the international monetary fund say that's putting more pressure on the poorest nations who face what they say is a huge build up of death. at least

a dozen countries might not be able to pay back millions of dollars owed to lenders over the next year. well, financial institutions calling for urgent action to find solutions. at a $74.00 low income nation, we'll have to repay an estimated $35000000000.00 to official bilateral and private sector lenders. this year. government debts and low income countries are expected to exceed 50 percent of gross domestic product. from less than 44 percent and 2019, before the pandemic started, almost 60 percent of all low income countries are in or near debt distress. which means they need to restructure. they weren't risk of needing to do so. and it re, payments are estimated to be up 45 percent and just the last 2 years the i m f says china's share of external debts owed by the 73, highly indebted. poor nations, jumped to 18 percent in 2020 from 2 percent. 2006 port nation will pay china and its land is almost 14000000000 dollars this year in debt servicing costs. while

the private sector lending rose to 11 percent from 3 percent and a combined share of multilateral institution, such as the i, m f and the world bank and the parents. clubland business, mostly rich west and government. phelps 58 percent from 83 percent campaign is a calling for debt payments of developing countries to be dropped this year. almost 50 countries must resume paying back after a g 20 initiative which provided less than $13000000000.00. dead suspension expired last year. the g 20 later launch the common framework for debt treatments, but only zambia if you had applied for it so far and progress on restructuring, the debt has been slow. well, greg swenson joins us now from london. greg is the founding partner at merchant bank brig. mcaden, thank you very much for your time. so a huge build up of debt, a credit crunch and borrowing cost the rising. how bad is the debt crisis going to guess? i think it will get a lot worse before it gets better. can look, you've had

a massive build up of sovereign get over the not just over the last 2 years because of the coding crisis. but really after the last 14 years since the global financial crisis in 2008 as balance sheets have shifted from the consumer to some degree to corporate. but more importantly from the consumer and corporate balance sheet, including banks to the sovereigns to government jets. so this is unsustainable, and i think we'll see some of a lot of potential difficulties in the next couple of years. we're talking today about poor countries and well equipped, they don't have huge reserve. how are they going to manage this? especially as is getting more expensive to service. yeah. does great question come in and then obviously they have to restructure. they have to work it out. that's not necessarily a great long term solution, but it's a near term solution. it's not like they're defaulting, or they're just piling on more debt. i think just refinancing is

a mistake because it doesn't solve the problem. it's just extending the obligation . and if anything, adding more interest and an obligation to the loan. so i think it's important that they restructure they work with the global defies and the, and the multi lat institutions to work out and restructure these loans. otherwise, things will get a lot worse before they get better, especially for the poor countries who can't just print money from their central banks. like like especially the u. s. but also many of the western central banks, if we accept and that we're in a debt crisis, who's responsible that crisis is that the lenders that we're, is it, the borrowers. that's a tricky one. i mean, look, it's really both, you know, borrowers are going to take the money, especially developing countries in africa, asia, latin america, as well as eastern europe. you know,

they will take the money if offer and one of the, one of the results of money printing over the last decade of quantitative easing and 0 interest rates. is that too much money is chasing to few assets. so financial assets have been pushed up the percentage of fat financial asset valuation compared to g, b, g, d, p, has changed dramatically. and so they have to the lenders in a way, have to reach out to the developing countries to get any type of yield. and the developing countries are sometimes foolish to take the money and fall into a debt trap. it's really, you know, i think both borrower and lender are to blame. and this is what happens when there's too much money to chasing to few assets. there are some debt relief mechanisms. how effective do you think that theme will in many cases, they're very effective. kim, and especially in the near term, you know, some of these developing countries are just running through a near term challenge,

for example, over borrowing during the coven crisis. those were not, those were not necessarily issues that they brought upon themselves. those aren't long term structural defects. with their economies, that was just a short term problem brought upon, you know, created by the coven crisis, in many, the western governments, shutting down their own economies. but also encouraging the developing economies to shut down as well. so. so look, i don't think that's something that's a long term defect. so those tort type of restructurings in the near term are, are very important to the developing countries and important to the lenders who need to restructure work out these loans. but i think in the long term, there has to be a shift from the the, the aid and sovereign debt ma, to more of a long term investment model. that means private capital and to the global development, financial institutions investing in infrastructure and critical imports for these countries. so it's not just loans and aids that need to be reworked. it's long term

impact and opportunity from the lenders. all right from london, greg swenson. thank you. thanks. can. the ball has been struggling with a loss of tourists, a fall and remittances and to trade deficit. but while visit is all starting to trickle backend, economic problems are expected to get worse. fuel and food prices are skyrocketing and himalayan nation is running low on foreign currency and could even run out a less than 7 months or not in limbo reports now on how the government is trying to sure off. stockpiles of cash in this bustling market in downtown. got my, do it business as usual. but experts was behind all the activity. an economic crisis is looming. during the pandemic, the number of tourists felt. the amount of money sent home by nepalese working abroad also dropped significantly. nepalese international bits isn't particularly

high, but as ballooning import and high oil prices depleted foreign currency reserves experts warn the country could be headed towards an economic crisis. if the government doesn't step up in time, and there are other pressures i'm going to say to guy, there's been a hike and oil prices, a leader of petrol, that cost around $100.00 rupees. now costs $160.00 rupees. nepal central bank has taken action to manage import and increased foreign exchange reserves. that's some kind of the challenge in the economy, particularly because of the import of some of the items. for example, the vehicles and the petroleum products, which are a large portion of the board in nepal. so how we can manage duck? that's one of the issues that is struggling in the present context. reducing by dea import cars and heavy duty equipment to nepal. she says it's important for businesses to work with the government,

the central bank and business community. we being all completely him import oriented economy. we have a huge trade in balance because we have nothing being exported from here or at least a little being exported from here. so every small change in the world on the globe, in fact. and that is why we have these you know, these spanish situations every now and then as nepal absorbs economic shops, experts say it needs to act fast to avoid a full blown crisis from coming through, i'm joined now by this wash called child the executive director of the do based institute for integrated development studies. thank you very much for joining us. so let's start with putting it simply is nepal, on course for an economic crisis. not at all. no year in economic crisis in the pile. we are feeling some pressure on next to not tech to balance,

but it doesn't mean that we're facing in economic crises. no ball is running out of all foreign currency reserves, though those reserves fell by more than 16 percent just in the past few months. why is that and how low are they against the countries debt? what happened was after called beat to activities quickly recovered the one bank credit and then import. so this led to some our activity balances. so our main problem is on the thompson. unlike in one car where the problem is more on the extra not dead, ours is more on the terms of trade because we have been facing a very large trip deficit for last 5 years. on our, our current account deficit, it's growing every year. so that's where some measures have to be done to check the

negative consequences. let's talk about remitted remittances. they constitute nearly a 3rd of the never leaves economy. the government says if $100000.00 and never leaves national, living abroad, each deposited $10000.00 into netflix banks that could help overcome the crisis. i mean, how realistic is that, though? actually in that sense is our revenue turns as the bus and as of the d, b has come down to at 22 percent or so from the highs of 26 percent is back. but that certainly significant revenue for the, for the country. so, so that is majors that government wants to implement the new, you know, the major, one of the new made that taken by the government ease to tap the savings of it by the dads leaving in advance crunches and you know,

then government, the maintenance juices have started eating a very attractive interest rate. what in dollar deposit as well as local currency dep, legit. so that has started object. he never dies in advance countries and that is m all men and we're just that government would like to take in future. but that don't have at least in the short term, that's going to help us to have a better cover for our invoice. yeah, let's talk about that. the reserves, as you said, are less enough for less than 7 months. so how is the limit on non essential import? how is that going to help? how much is that going to help the government definite, bob has introduced majors to ban 10 items of import and few months back to the central bank has tight and created for import. and this together

have started making some impacts in tom stuff in bullets. but all there always are rooms in the private sector. the import us to find ways to import a goods. but i think this is one of the major measures that government has to take because immediately there is no other ways rather than to good restaurants on the bullets. because neither the human being just that well government can take for in the long run, we need to initiate lots of structural reforms to address this issue, but immediate immediate towns. i think putting restrictions on import is the one the way that the government can do. all right, thank you very much for your time there. gotcha. there from katherine. thank you very much. and that is also for this week. get in touch with us by treating me at

kim vanelle and do use the hash tag, ctc, when you do or you can talk with an email, counting the cost on their dot net is our address is more for you online, out there or dot. com slash ctc that will take you straight to our page, which has individual report links and entire episode for you to catch up on that said for this edition of counting the call to i'm kim vanelle and the whole team here and how, thanks for joining us the news on al jazeera is next ah, may, on al jazeera frontline reporting in depth analysis. we bring you the latest on the green war on unfolding humanitarian crisis. documentaries that inspire whitney springs world issues into focus through compelling human stories. the philippines votes in one of ages, biggest election over 35 years since the country emerged from his father's

dictatorship. good frontrunner for dinner, mark was junior to take the tops ball al jazeera investigative program. full lines were tons, with a special series on abuse in the boy scouts of america. lebanon goes to the polls, but will political change helped the country find its way out to which crippling economic crisis may on al jazeera, ah, hello, there, i'm the sounds it a and her how with the headlines for you here on out as era. now attempts to free more people hold up in the ukrainian city of mary. a poll have again hit delays. russian forces are reported to a resumed shelling, the as of styles, steel wax soon after the evacuation of at least $100.00 civilians. now some of them made it as upper region, the only large city in the southeast under ukrainian control from there. how to

undermine reports with is to 1st safe transit point for those fleeing shelling.