in distribution using remaining supplies of the vaccine that helped eradicate smallpox in the 1980s. the only concern, however, no one is signaling alarm for the broader population, the likelihood of breath is very no. however, the likelihood of further spread of the virus through close contact, for example, during sexual activities among persons with multiple sexual partners, is considered to be high in a world still wrecked by the cause of 1900. pandemic societies have an advanced understanding of viral spread and protection, testing contact tracing, self isolation, and basic hygiene. our household concepts, so containing a disease like monkey pox should be relatively easy. jonah haul al jazeera ah

hello, and let's take a look at those headlines now. the leaders of the quad nations meeting in target to discuss security in trade. the aiming to limit china's influence across the asia pacific region. russian soldiers been jailed for life by a ukrainian court for war crimes. 21 year old, but even she, she met in admitted to killing and unarmed civilian. it's the 1st such trial since russia invaded ukraine. 3 months ago. floods caused by pre monsoon rains, causing havoc and indian bangladesh, dozens of being killed. tens of thousands of stranded, more than a 1000 people in iraq have been hospitalized because of a severe sand storm. appleton schools have been closed and several cities also in neighboring, quite a cindy. the officials of formerly all scenes national criminal, colton, dis, vesta gave the killing of sharina, blah clay. the al jazeera journalist was shot in the head viceroy forces while on

assignments and jeanine. i be of this month. ah no, not a problem with the know that on the future i don't need to be of with nuclear the because i'm in the neighborhood to put him in a humiliating meals. and honestly, the majority of if you don't use right. yeah. most of us, the new book with us, and we said at the home and a view to where we started to well, be held that the put up with all the de la multiplicity obama possible. but good for this, this week. i know you're the one i don't deposit in. i

will see bobby, how much i don't want a shooting a lot. avita who lives in november 2020 australia security services carried out operation luck. so if i opened my eyes and saw a machine gun pointed at my head, al jazeera well goes to vienna and grunts to examine events and allegations of islam of phobia. this is a terrible mistake because in a for some 3rd, 2 young families, austria operation luck. so on al jazeera ah,

[000:00:00;00] with flu, 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 come back? 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 the worst, weakly losing streaks in c, 2008 financial crisis and government. so, tightening their grip on food supplies, india has joined a lists 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 touted as secure. good crash. the unexpected fall in prices has sent the crypt to world into mouth down as investors when did to what's been compared to a traditional run on the banks. bitcoin, which its lowest point since 2020, and more than $500000000000.00 have been knocked half 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. witcher 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 cell of did not stop as salvatore's push into crypto currencies. the country's government added more than $15000000.00 worth of bit coins to its balance sheet, as the currency traded at its lowest point in 6 months. it is el salvador is

largest coin purchased since it became the 1st country to adopt bitcoin as legal, tender alongside the us dollar. and salvador sped on bitcoin has already led to losses that equal the cash trap. nations next interest payment to bondholders, while 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 and i am thank you so much for being on counting the cos. 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 crypto 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 beast. it can fall as much as 80 percent promise recent of all from a full time prize. and if, and then the next metal month,

lease risk to see new or time. now what is behind the current we've already seen prices. what struggling to lead to the upside in? now, when that was really taking price, we had this massive explosion around what should we say this stable point on the table point space rich and best in the market and really enjoyed and we saw the seller. now the crash was driven by stable coins. what caused stable coin to crash and how stable is stable coins in the end? the show. next, i think we need to define stable points very clearly. and bear with me while explain everything in the normal curve. well, she's a regulated market. we have something called which means that you can only allowed

to take certain amount of money on if there's immense tennessee in the market in the crypto. well, we do not have that. this is a major retreat, stable currency, which is regulated by central banks. so what happened was, pass them is because of one variable triggering a massive trade and that algorithm which was supposed to maintain peg when out of luck. now the bank running spot, it enormous amount of trade. this began to be trauma. and that led to this space? yes, name a fable coins. i'm stable then what's crypt? toes face space. if you will. you see a game? i would not. i them and stable the cap tab where it is. the peg is still very much maintained. now remember we during the oil prices. ringback in your

ration, the saudi came monday in mens shipping. but again, i mean that's a currency which has been that or ages for very long time. so i think the point is still very much and you can just re which will continue to do both. i and many amateur investors took to buying songs and digital currency during the pandemic, of course, because, and they made my 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 important for any restaurant trader to in rest. only what they can afford to do. if you are in your house on an industrial, she's already known, or if you're not doing yourself a favor,

it's all about 40 adaptation. putting that right, edging strategies in your portfolio and then taking on moving on makers, you know, took them all up to 80 percent and when the 50 percent 30 percent, you don't want to deploy all of your capital. reserve cash for your liquid to land 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 set, it's in the good fine because look at the coin base, new particular sport. so all money is not secure. back on the situation that we wanted to re in, we wanted to have that back from the record that if i'm parking my capital

exchange 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? like it's an adoption. we've seen companies, we've seen hedge funds, we've now seen countries and reconsider ski more countries joining back. i think it's going to be only a bit in a few weeks when it something major coming out of russia. sure. i think it's 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 of bubble bus, where was amazon, where it was ebay was microsoft, where it was in cell, where it was in the any of these companies were converts to die. 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 horses bring nor because i am not certain because the only we men to me is more likely to happen, to be honest, gonna all be and move away, grimacing more fast news in a bit on classes, especially if crushed breaks anything below 50? 20. okay. 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 soc sank for 6 weeks in a row as a threat of a u. s. recession added to fears of investors already spooked by throwing 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 u. s. talks which recorded the biggest daily drops since the early months of the cone of irish pandemic last week. european and asian stocks 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 its 2019 live thing

with a jump of more than 80 percent in earnings. back to name are 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. i'm going to answer that by looking at 2 major fundamental factors that are very much pinning this particular process. firstly, is inflation. and it's, it doesn't really seem like it, especially when we start to face 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 bear market or the current sell off of the fearing the market are over until and unless inflation continues to r a's expectations, consumers spending continues to remain pushed and disposable income doesn't see any increment. i don't think the fundamentals are gonna point to anything which under which we will see right. putting those 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 u. s. faces the threat of a recession rally, i think is only a matter of time rem rubles, the commodity crises around the world. we've seen called prices as the new merging prices is going to be very much from agriculture, sophomore parcels. we have seen restrictions coming from countries like india, which isn't even a major player, and it comes to export of a lead for look where the prices have gone. and both ukraine and russia,

they are major grain produces any escalation of further tensions, especially in the light of what is happening with feminine sweden, is only gonna make this matter more. so i think interactive should take more or at the same spot, 318 your left or because they are enormous 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 sitting for their retirement plans? for example, what should they do? so i think this is a game and goes back conversation after publication, diversification hedging. bit any, or once you say, or i think given where the point is, like the us talking, this is down over 20 percent,

20 dollars. i raises the question that you need to have your pocket ready shopping . it's ready. what, what do you want to buy? now, how much of an issue you want to do once rest? right, and we've seen name investors, flea risky assets, where are they going to, are they ditching technology for energy? i mean, we've seen a ramco take over apple and the most valuable company this week. i think that's a very short some trends. what is happening, and i've been very vocal around it, i think right now if the message is just a break and then now all the prices are energy, prices are likely to remain waste purely political entrance and compet. nothing wrong asked for change 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. thank you. bye. panic, buying strips,

grocery shelves during the pandemic. now supplies are getting scarce as governments increasingly in both 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 if export, citing threads of food security. the decision comes as india. well, 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 money did make the big off at once, the rushing you crime, complet occurred. unfortunately, india is experienced temperatures of over $45.00 degrees celsius at a minimum and that's really good. it's capacity to provide the extra supplies, but promise so they really. ready really, really turn the corner and done

a bit of excellent. but it's not just in the, i mean, several governments have have in both 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 turkey, india are put restrictions on their exports quite a bit of a nature response and mains that countries like astronomy, providing weight not only 2 major philippines in a traditional trading 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 pulling that gap because of the situation. ready new crime and what i'm saying has that had on, 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. very, very difficult. ready all the countries in africa and the middle east that have know a large number of consumers. they're very poor, 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. ready urge the companies don't 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 urged the country don't return to protect them and make the situation a lot worse, really using their, their moral curve or of the pulpit. but they can't do anything. ready legally,

to stop per 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 and ellicott for in the, in the w t o. so certainly i think the us. ready the year. ready lead by reducing the. ready culture. ready protectionism this thing very time is for i mean they used to say. ready they use subsidies, you can central accounts from problems around the world business club swash ignite laid by example. that could certainly help. ready developed countries in africa and middle east to fall. i so yeah, 10 food important. we're ready suffering from 2 years of pandemic supply chain shocks. and now those problems of being exacerbated by increasing food supply protectionism. as we, as we talked about, do you think hunger crisis can still be averted?

i think probably we're in for another gfc, not a global financial crisis, but a global food crosses. i think the action by india innovation on their own, but of course this crosses at a normal year. but when you take out your crime. ready with 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 care, but not totally. so russia, ukraine crosses, has a lot to be a lot of a lot to answer for, not just in terms, but she minutes there in costa, new crime. but it's impact of having on energy and engaged on food on food process and the, 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. mcdonalds followed other western companies and temporarily shut down its restaurants in russia. in march, shortly after the war began, the fossil giant will take a significant ride 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 orchestra 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 when he was an infant. and this is like the only thing that he could tolerate and was kind of the 1st time we signing gross out of him off was on this formula. but store shells in the united states are running out of instant 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. michigan made it worse. abbot nutrition, maker of the popular similar brand, halted production after several babies got sick and 2 died after drinking 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 scammed. she never showed, and eventually as parents say, walking out of a store with baby formula can now feel like walking out with a goal. the forwarding has become a concern with stores now limiting how many they sell to each parents. it's important to remember that for babies on for me, this is the only food option. there is no substitute. and i think we have to probably me evaluate what critical infrastructure really means. critics have blamed the white house for failing to help her. now parents are making due by

turning to food banks or just feeding their children less, less all work 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 20 by 8 e and do use the hash tag, e j c t c. 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 reports lengthening, tie episodes for you to catch up on. and that is 6 for this edition of counting the cost and for the back table from the whole team here in doha, thank you for joining us. the news on our jessia is next week. is the ocean's witness. claims witness. differences. witness change. witness

. happiness. witness? not witness. sunlight. witness de la. witness. last witness. charity witness. confusion. witness. clarity. witness. family. i'm witness. friends. witness the beginning. witness. the end witness. life witness went out for talk to alger 0. we ask, what is the time table in your mind? when do you think that you are, can be also russian gas. we listen or, and i have seen and played football with these refugees. i look at them and they're happy, they're smiling. we meet with global news makers. i'm talk about the story stuck matters on al jazeera. ah, i'm sammy zaden in dough. the look of the headlines here now,