and beautiful people are actually, we didn't know much 27 of the 36 ukrainian refugees living here in what up wafa our children. and they're already studying in brazilian schools like this 1 august sun. manuel is in the same classroom as another young refugee, when the teacher has trouble communicating with children, she uses her phone as a translator. all g, a has no immediate plans for the future. her house in had a son is now being occupied by russian troops. back in put them thought police brazilians and ukrainians are praying for the more twin before that, monica yonah give al jazeera for them properties. ah, you're watching al jazeera the headlights. now. a russian soldier has been sentenced to life in prison by ukrainian court for war crimes. 21 year old about

him, she, she married, admitted killing an unarmed civilian the north eastern sumi region. he says he was following orders. addressing a gathering of the global political and business elite and divorce ukraine's president has asked for more financial aid for the merits. lensky says, ukraine, it needs at least $5000000000.00 a month to rebuild after russia's invasion. a palestinian foreign ministry says a case has been filed of international criminal court over the killing of shrine. other ugly is where the forces shot me al jazeera journalist while she was on assignment in janine. earlier this month, israel's military prosecutor was called on the army to conduct an in depth investigation. china has warned the u. s. president not to underestimate its resolve on taiwan, was in response to joe biden suggestion and military intervention in the event of any invasion. speaking in token asia,

true. those are the headlines. news continues here and here as after counting the cost. me the what was no, no, no, no, no, no. this is i don't need to be here with me when you look at me when you get to me, i think you can just get a message. can you open the home and ya today? and i'm going to give you what we set up for me. i'm a lot of fun at the book. if you're the one i don't want

me shooting off the edge of the ah ah, i

flew. i'm fully back to bo, this is counting the cost on al jazeera. you look at the world of business and economics this week, it's been dubbed the crypto winter, a recent meltdown in the digital point value has hosp panic among investors. so what's behind the slum? and can the tokens make a strong comeback? also this week apple loses its title of the world's most valuable company to saudi energy giant. aramco that says global soft mock has suffered that worst weakly losing streaks in c, 2008 financial crisis and government. so, tightening the grip on food supplies, india has joined a list of countries banning grain exports. so how could that affect spices and can trade protectionism be avoided? ah, thank you for joining us. wild swings are common with crypto currencies, but not many would have predicted stable coins that are talented as secure good crash. the unexpected fall in prices has sent the crypto world into meltdown as

investors went in to what's been compared to a traditional run on the banks. bitcoin, which its lowest points since 2020, and more than $500000000000.00 have been knocked off of the sectors trillion dollar total market value. the points later recovered some ground, but investors sentiments remains volatile. the plunge in the crypto currency was driven by the collapse of stable coins which are tied to the value of traditional assets. often the us dollar with a $1.00 to $1.00 peg that in practice means it should not fluctuate in price. tara luna has lost almost its entire value and that had a knock on effect on its sister stable coin. the tara usd, tanking to a low of around $0.20. tara was ranked among the 10 most valuable crypto currencies and peaks at almost 120 dollars last month. trevor, the biggest stable coin and one whose developers say is backed by dollar assets, also fell to $0.95. now the sell off has driven the prices of other crypto

currencies down bitcoin. the largest crypto currency by total market value fell as low as $26000.00 down 60 percent from its speak of almost $70000.00. in november, the digital coin was back at around $30000.00 in the past 10 days, several other digital coins regained some of the losses to the rebound comes as crypto currency has seen more than one trillion dollars in value vanish in the past 6 months. but the sell off did not stop as salvatore's push into crypto currencies . the country's government added more than $15000000.00 worth of bitcoin to its balance sheet, as a currency traded at its lowest point in 6 months. it is el salvador is largest coin purchase since it became the 1st country to adopt bitcoin as legal tender alongside the us dollar. a salvatore's bet on bitcoin has already led to losses. that equal the cash trap. nations next interest payment to bondholders war for more

on the future of the digital coins. i'm joined now by name. i slam a chief market unless said of a trade, he joins us from london name. thank you so much for being on counting the cost. a digital currency is plunging, is not something uncommon. we've seen this before, but is it different this time? and what is behind this crib till currency crash? thanks for having me. as always, i think you're hitting the nail on the head by saying that this is not uncommon. run by a completely different beasts. it can fall as much as 80 percent promise recent types of all the time. and then the next metal month, lease risk to see new or time cards. now what is the current the current law is sort of we were already in the prices. what struggling to me to the

upside in now, when that was really taking, we had this massive explosions around what should we say this stable point on this table point space rich and best in the market and really enjoyed and we saw the crash was driven by stable coins, what caused stable coin to crash and how stable is stable coins in the end? the show. i think we need to define stable coins very clearly and bear with me while i explain everything in the normal currency. well, she's a regulated market. we have something called which means that you can only allowed to take certain amount of money on this immense tennessee market in the crystal. we do not have that. this is a major retreat stable and the currency which is regulated by central banks. so

what happened with that was pass them is because of a one variable triggering a massive trade. and that algorithm, which was supposed to maintain the pact, went out of luck. now the bank run spotted enormous amount of tre, this began to draw money. and that led to this space. yeah. name a fable coins, i'm stable then what's criptos safe space? if you will. you see again, i would not, i'm a stable the cap, have a where the peg is still very much maintained. now remember we during the oil prices in your ration, the saudi came monday in mens pasheti oil prices. but again, i mean that's a currency which has been that for ages for very long time. so i think the point

is still very much in huge industry, which will continue to many amateur investors, took to buying songs and digital currency during the pandemic. of course, because and they made mine money because the values were generally rising. what's been the impact on them? some said they could lose their houses and i've lost a life savings is. is that right? it is immensely autumn for any restaurant trade or 2 in rest only or they can afford to lose if you are in your house on an industrial she's already known or if you're not doing yourself a master favor, it's all about portfolio adaptation. putting that right, edging strategies in your portfolio and then taking on moving because you know, took them all up to 80 percent and then the 50 percent 30 percent. we don't want to

deploy all of your capital. reserve cash for your liquid. she liked it because that will only continue to increase more pressure as the price for try to not name. now the us treasury secretary has asked for more regulation. lawmakers in other countries also asking for more regulation, do you think that will solve the problem? like the regulation is say, it's in the good fine because look at the coin base, new particular sport. so all money is not back on the situation that we wanted to re in. we want to have that backed up from the record, that if i'm parking my capital at any change, no matter where it needs to be regulated, let's talk about a salvador. now the 1st nation in the world to declare bitcoin as legal, tender. this was a force of remarkable milestone for the crypto industry,

but in hindsight, do you think this was a good decision for el salvador itself leg, it's an adoption. we've seen companies, we've seen hedge funds, we've now seen countries and we can see more countries joining back. i think it's going to be only been a few weeks when it something major coming out of russia as we get many in the right direction. all right, name one last question, if i may, i mean, what does the future look like for crypto currencies? their fear is that the dot com bubble bursts of the early 2 thousands could be about to repeat. do you share that? confess sticker. so let's look at the dot com to thousands. i'm bold us. where was amazon, where it was ebay was microsoft, where it was in. so where it was in the any of these companies were on

a day we are going to see same significant almond. i'm laying out or is law from my own personal view. i would be glad to see the courses bring nor because i am not certain because the only we men to me is more likely to happen to be honest. going to happen all righty. and move away, grimacing more fast in a big on classes especially if crushed breaks. anything below 5020. ok i am i slam. thank you very much for the moment i do stay with us. ah, the fall in crypto currencies is part of a broader pullback from risky assets. global stocks sank for 6 weeks in a row as a threat of a u. s. recession added to fears of investors already spooked by soaring inflation corona via stock downs in china. and russia invasion of ukraine as much as 11

trillion dollars have been wiped from the markets during the worst losing streaks in c, 2008 financial crisis, tech and growth stocks have suffered particularly steep losses. while retail shares lead the declines in us talks, which recorded the biggest daily drops since the early months of the cone of irish pandemic last week, european and asian socks have recorded losses as well. even acids considered faith like gold and bonds flit. but a recent analysis from bank of america shows outflows from stock funds have been relatively stable. the bank estimates that for every $100.00 invested into the stock market since the thought of last year. only $4.00 have been pulled out while $61.00 for every $100.00 invested were pulled out during the call. the 19 stock market sell off of 2020. it was even worse during the financial crisis of 2008. investors redeemed a $113.00 for every $100.00. they invested an example of investor sentiment. an

online survey found more than half of american respondents worry about a market crash and almost 80 percent expect volatility to continue in the market. this year, the survey of more than 1000 people was conducted by aliens, lives, quarterly market receptions in march. meanwhile, the tech giant, apple has lost its position as the world's most valuable company, to saudi arabia's oil and gas producer, aramco the tech giant stock market valuation stood at $2.00 trillion dollars. aramco was valued at 2 point food for 2 trillion dollars, and the energy company has posted its highest profits since it's 2019 live thing. we're the jump of more than 80 percent in earnings back to name our slam. once again, name is the worst over for global stock market, so will there be a mass exodus of investors leading to a prolonged bear market?

this is really intriguing question, and i'm gonna answer that by looking at 2 major fundamental factors that are very much pinning this particular class. presley is inflation and it's the doesn't really seem like it, especially when we start to focus on the ongoing conflict between the ukraine and russia and the spread, the deb potential of that conflict escalating. secondly, on this corporate restrictions completely out of question. well, not ready. so to answer that particular question to look at where inflation is heading, because that is very much going to determine if a bad market or the current sell off of the fearing the market are over until and unless inflation continues to outpaced expectations, consumer spending continues to remain pushed and disposable income doesn't see

any increment. i don't think the fundamentals are going to point to anything which under which we will see right when it goes off market, yet market certainly don't like uncertainty. how much is it fake, you know, if the war in ukraine goes on in prolongs in the us faces the threat of a recession rally. i think it's only a matter of time, rem rubles, the commodity crosses around the world. we've seen quote prices the new merging crisis is going to be very much culture, sophomore boxes. we have seen restrictions coming from countries like india, which isn't even a major player when it comes to export of a wheat or look where the prices have gone. and both ukraine and russia, their major grain produces any escalation of further tensions, especially in the launch of what is happening with feminine sweden, is only gonna make this matter more. so i think interactive should take more or

just at the same spot, 318 your list or because there are numerous bargains out there as well. yeah. well let's talk about what people should be doing. i mean, criptos talks and even gold has slid. is it time to buy the day, or is it time to pile up cash? i mean, what about people trading for their time and plans, for example, what should they do? so i think this is a game i goes back from the station after publication, diversification hedging bit any or once a year. so i think given where the point is, like the u. s. indices down over 20 percent 20. so dollars i rated the question that you need to have your pocket. it's ready shopping. it's ready. what do you want to buy? now? how much of an issue you want to do that depends on once rest. right,

and we've seen name investors flee risky assets. where are they going to, are they ditching technology for energy? i mean, we've seen a ramco take over apple as the most valuable company this week. i think that's a very short term trends. what is happening, and i've been very vocal around it, i think right now if the message is just brings and then that now that all 5 or energy parties are likely to remain and waste purely political tensions and conflicts. nothing wrong asked. but jim is still in command. the chances of conflicts easy, no skill, nay, mass land. thank you very much for talking to us on counting the cost. basic panic, buying strips, grocery shelves during the pandemic. now supplies are getting scarce, as governments increasingly impose export restrictions. the new wave of trade barriers has been unleashed by the war in ukraine and sanctions that followed.

sourcing grain has become harder and several countries are under pressure to secure their food salts and keep costs in check for their people. the price of wheat has recently surged to a new record after india band effects. busy food, citing threads to food security. the decision comes as india, the world's 2nd largest suite, producer deals with a severe heat wave that could effect output the u. s. as the band could worse and food shortages globally. washington, several global development banks and the world bank have pledged billions of dollars to address the problem. at least 20 countries have impose restrictions on food exports since the invasion of ukraine, covering around 17 percent of calories traded globally. they include indonesia, which has blocked crucial palm oil shipments. turkey, russia and ukraine also banned the sails of grains fertilizers, beef, and other supplies. the trade restrictions come as global food prices rose to their highest ever levels in march. while from sydney, i'm joined now by tim hawker,

a professor and chief economist at the institute for public policy and governance at the university of technology sydney. tim, thank you so much for being with us. on counting the cost global buyers were banking on india for wheat supplies, and the indian government had said it would help avert a global crisis. why did it backtrack? or prime minister monday did make the big also, once the russia you crime complet occurred. unfortunately, india is experienced the temperatures of over $45.00 degrees celsius at a minimum and that's really its capacity to provide the extra supplies but promise. so they really. ready really, really turn the corner and done a bit of a backlit. but it's not just in the, i mean, several governments have have impose trade restrictions. what's, what's going to be the impact of these bands on, on food supplies in africa and parts of asia. now you're quite right. busy in

turkey, india are put restrictions on their exports quite a bit of a nature response and main countries like astronomy, providing weight not only 2 major until planes in a traditional training partners in it. i ship and also into yemen in the middle east and to africa. and you've got countries like turkey, nigeria, indonesia as through the biggest import. ready white in the world and astrology is now feeling that gap because the situation. ready new crime and what i'm faxing has that had on prices well, it's added to the restrictions that we're seeing with global supply chain. so it's only at a huge commodity price shock. and this very, very difficult tool. the countries in africa. busy the middle east that have a large number of consumers that are very reasonable process. so we've heard

the w t o chief goes the con g a. well, i warn about food protectionism. what can the w t o do? if anything about the restrictions, can it help secure supplies for, for vulnerable countries? they can't supply countries and all they can do research. the company is done become protection that don't turn the bank on the us treasury secretary jetta. ready put the tariffs down in the us with respect to china. so what i can do is the country done return to protect them and make the situation a lot worse, really using their moral curve or of the pulpit, but they can't do anything. ready legally, to stop countries hanging onto their own food. so w to, we can't do anything legally, but we've heard the u. s. government say that it would help. will that be enough? well certainly the,

the major major agricultural pow's for free trade in agriculture in the, in the w t o. so certainly i think the us. ready the year. ready lead by example. ready juicing. ready on culture. ready protectionism, this thing bring time is for me they used to say they use subsidies, you can send all accounts from prompts around the world. business club twice is laid by example that could certainly help. ready developed countries in africa and middle east to full time, full importance were ready suffering from 2 years of pandemic supply chain shocks. and now those problems of being exacerbated by increasing food supply protectionism . as we've, as we've talked about, do you think hunger crisis can still be averted? i think probably were in for another gfc, not a global financial crosses, but a global food crisis. i think the action by india, indonesia on there i would have caused this crisis in a normal year. but when you take out your crime,

when. ready ukrainian farmers walking off the tractors and picking up guns to fight russia. that puts an incredible shock on the world's applied weight and bali advise and countries like australia in canada. and i can tell you that can to some of that, but not only so the rest of your crime crosses has a lot to be a lot of a lot to answer for, not just in terms, but she minutes here in costa new crime. but it's impact of having on energy and engaged on food on food process and the hungry the will to market. thank you very much for talking to a thank you for being on counting the cost. thank you very me. on the, so now mcdonald's is leaving russia altogether and selling its restaurants after more than 30 years. the chain cited the humanitarian crisis and unpredictable operating environment caused by the war in ukraine. a donald followed are the western companies and temporarily shut down its restaurants in russia in march.

shortly after the war began, the fossil giant will take a significant right off from exiting russia of up to $1400000000.00. the chain had more than $800.00 restaurants in russia and almost a 100 in ukraine, which accounted for 9 percent of the company's revenue last year. present joe biden has announced steps to ease a nation wide shortage of baby formula that has left parents scrambling to feed their children. they include invoking the defense production act, which requires supplies to direct ingredients used in baby formula to key manufacturers. first reopening the largest domestic manufacturing plant and increasing imports. heidi's jo, castro reports from washington. i love you albert. 4 year old albert butler wears a backpack filled with a specialty formula that slowly feeds him 22 hours a day. his mother just butler says, this is what her son with special needs must have to grow. it was super critical

and here is an infant. and this is like, the only thing that he could tolerate and home was kind of the 1st time resigning, grow thought of him at all was on this formula. but store shells in the united states are running out of infant and toddler formula. the tracking firm data, assembly reports, there's 43 percent less of it. nationwide, pandemic supply chain problems started the trouble in a factory. closure of michigan made it worse. abbot nutrition, maker of the popular symbolic brand, halted production after several babies got sick and 2 died after drug king possibly contaminated formula. the government investigated and found no further danger, but the company says it will be weeks before production resumes. butler has taken extraordinary measures to find formula for her son, even flying across the country to buy it from a woman she met online only to be scanned,

she never showed and eventually just blew. parents say, walking out of a store with baby formula, canal feel like walking out with gold forwarding has become a concern with stores now limiting how many they sell to each parents. it's important to remember that ah, 4 babies on farm. yeah, this is the only food option. ah, there, there is no substitute. and i think we have to probably re evaluate, ah, was critical. an infrastructure really means critics have blamed the white house for failing to help out for now, parents are making due by turning to food banks or just feeding their children less, less all worked together because these are babies. you know, they got to eat for parents. there is no more urgent need than this nutrition for

their hungry children. and that is our show for this week. get in touch with us by tweeting me at 40 by a g e and do use the hashtag e j c t c. when you do or drop us an email, counting the call, sat al jazeera dot net is our address. that is more for you online at al jazeera dot com slash t t. c k. that will take you straight to our page, which has individual reports, links and entire episodes for you to catch up on. and that is 6 for this edition of counting the cost for the battery bowl, from the whole team here in doha, thank you for joining us. the news on our job here is next. ah and

from the fellas of correct, just so the battle fields around most of our job is to get to the truth and empower people through knowledge. please bear the answer was in arabic. my name is helen. i was abducted by the cia in 2004. a german citizen was kidnapped and tortured by garcia. and he came up with handcuffs led me into interrogation. the new documentary tells the story of how the geo politics of the post 911 world ruined the life of an innocent deal mastery case. coming soon on al jazeera ah ukrainian court sentences, a russian soldier to life in prison for war. nice.