the long awaited c call to the stars at 1986 action hit, and more than a $150000000.00. let's 1st 4 days and use theatres. that's a box office records for the memorial day holiday weekend. the film's release was delayed by almost 2 years because of the corona virus pandemic. it produces insisted we had to be seen on the big screen. john murray is a tv presenter in the pop culture expert. he explained why the firm is drawing audiences back to the cinemas. why? to tell you this was my 1st time in the theatre since colbert, myself, you know, and i felt safe. i wore my mask in the movie theatre, and people are looking for good entertainment, but this is what happened with top gun map. they had a great story, an excellent marketing campaign, and people were intrigued by these rush spaces. listen, tom cruises what you've got about cameras back. what are some great new characters by jennifer connelly, harris charles panella. john hammer, what the fresh faces are invigorating the millennial in the fans of movie going. so

you got j. l is the miles teller last year. sorry. on but there's a fresh face named greg tarzan davis that was going to be a hollywood one to watch and all of those elements together. maybe we'll buy these tickets and go to the theater. ah, this is our this era, these other top stories, european union leaders have agreed to impose a partial ban on russian oil. is part of the new package of sanctions in response to the invasion of ukraine, the breakthrough photos months, some negotiations that struggle to address objections from hungry, within 2 thirds of russian or the impulse will be blocked by the end of the year. corona virus restrictions in china's to biggest cities a find the ending for millions who've been stuck in doors. shanghai is lifting, it's a 2 month long lockdown from midnight on wednesday. in beijing, gyms, museums and theaters are reopening, but with limits on visitors. emergency crews in northeastern brazil are looking for

dozens of people still missing off to severe floods and landslides. last weekend, 91 people are known to have died. many in the city of si, fi, thousands have been left homeless. those are the headlines. the news continues here on al jazeera, after counting the cost before that will leave you with memories of shaheen. ugly, the voice of palestine. ah no, not a view

to what we said or to what the hell that the put up with a shooting a lot of data as the final 3 places at the feet. so we'll cover all decided we'll lie from the playoffs. we'll gather reaction from across the globe themes. the school counsel 2022 to will qualify as special coverage on al jazeera.

ah, ah, ah, ah, ah, ah, hello there. i'm the styles he attain. this is counting the cost on al jazeera, the weekly look at the wealth of business and economics this week, the push to counter china and asia, who as president joe biden launch is the indo pacific economic framework. so what's in the new pot to and will it help build washington's relations in the region? also, this week, ukraine's economy as running on fumes. the u. u. s. and the g 7 of come to the nation's aid with billions of dollars. but is it enough to keep the country running and a wealth of mineral resources and africa? minors are increasingly looking to the continent. has the world's scrambles for metals. so we'll africa, mining industry, you see

a boom from the war in ukraine. ah, well, the u. s. has lacked a defined economic plan with the indo pacific region since former president, donald trump quits a multinational trans pacific trade agreement, back in 2017. now president joe biden is attempting to re engage the region that is increasingly come under china's influence. vibe has launched a new trade deal with 12 countries that represent 40 percent of the world's economy . that's almost $35.00 trillion dollars in global output. it includes estrella, india, japan, south korea, unused leland, along with 7 southeast asian countries. but the u. s. didn't ask, tie one which is seen by china as part of its territory to join the new trade deal . the indoor pacific economic framework for prosperity or i path aims to increased trade links in the region, strengthen global supply chains, promot infrastructure, investment and pin energy. and establish new rules on tax and anti corruption. but

it doesn't include any tariff reductions and the founding countries will still need to negotiate what standards they wish to abide by how they'll be enforced and how to consider potential future members. the initiative comes less than 5 months after the china lead regional comprehensive economic partnership went into force linking 15 asia pacific economy isn't the world's largest trade block. most of the country is which signed up for the u. s. lead framework already belong to the block with china on. meanwhile, beijing has criticized the u. s. pack does an attempt to create a closed club. this is what the chinese foreign ministry of spokesperson had to say . will lucia mom, you would a cheerful talk, joe, to whatever the name of the regional cooperation framework. it should promote free trade instead of engaging in protectionism in disguise, it should contribute to the world's economic recovery rather than destabilizing the industrial chain. it should promote open cooperation and instead of geopolitical confrontation with the u. s. should earnestly act in compliance with the rules of

free trade at 3. now, biden has also held a summit with the so called quad group, where the leaders of the u. s. japan, india, and a straightly unveiled and in the pacific maritime surveillance plan and pledged $50000000000.00 an infrastructure investment. now to discuss all of that, i'm joined by n press to see the se, asia expert, an associate director at global council. that's the strategic advisory business son . he joins us now from london. young, thanks so much for your time today. and now i pass isn't a free trade agreement. we're not talking about power of production will necessarily opening up us market. so what does it actually do for you, right? it's not a free trade agreements. and the main purpose is more to put for the countries in integrate to seek to align on things like technology, standards and regulations. and for these countries to make real commitment to improve conditions on things like supply chain resilience on clean energy,

infrastructure corruption and labor and competition policy. and it's more about the technology standards and coming together to to, to align regulations. so that all sounds like it would potentially require countries to change rules at home or other incentives for them to do that. so exactly. so that's the point. that's one of the, one of the issues with this agreement in a lot of these countries do probably not see i july, i'm on a lot of things. and so the complication is that they might not come to an agreement in terms of incentive. so you're right, there's no incentives in terms of better access to, to do, to the american market for lobby's countries. but that's not to say that and that they might not become that in the future. obviously it might become something more tangible perhaps not a free trade agreement, but something more tangible in the future. not is not something a lot of these countries. countries like mid nom in denise, i would like to miss out. so i think it's important to note that this is more about

what is actually in the written, and it also has a lot of symbolic value. it's a sign that us wants to become more economic involved in region. just something pretty much all of these countries of cold for, for a long time and which you hadn't been doing in one of them wants the us to become more of that account to, to, to, to time employment. and for them to be able to, to balance out for the president's $4040.00 countries into solving face and region and being able to play both the us. i'm china, it's loaded labrat, you could argue. so speaking of countering chinese influence, i notice that it obviously experience taiwan. now, given taiwan roll is a leading manufacturer of semiconductors, for instance, how meaningful would any agreement on say supply chains be given that taiwan is not being included? yeah, so 1st on the exclusion up to on the, probably not a big surprise the us, it's been pretty clear that he wants to focus its relationship with taiwan. but actually, i think a lot of these countries in solving face, especially as well, would have been uncomfortable with being in a group including come on that it's so clearly set out to count to chinese

influence. and i still think it has some important, obviously it's a negative. one is not included. you still have countries like south korea and japan, which obviously are huge semiconductor manufacturers themselves and not just now, but we'll all to be in the future. so in that sense, it could, it could really have an impact as well. so if this was about the u. s. trying to restructure its engagement with the region to counter china to, to show it strength. why not just rejoined the trans pacific partnership for p. p, p and so i think they're mainly domestic constraints that are holding us back from, from lead from joining the new c p t p p. if you look at the economic agenda is both the trump administration and the by the face. and it's been very focused on strengthening the american manufacturing base. it's been about building america and it's been about buying american. and if you joined the new launch free trade agreements, which will open up an already very open american economy. and i think,

and that is something that could potentially further erode the manufacturing base, which has been a key speaking point me key issue in domestic debate. and obviously that could potentially be highly unpopular. and it's not something you really win elections on, but you have the midterms coming up later this year. and that's, that's a sensitive issue and hope. so i want to ask you though about how this might affect china. because i was looking at the list of the countries who signed up to i pest, and a huge number of these countries are also part of the world's biggest trade lock with china. will this actually have any kind of an impact on beijing's influence? in that case, and so it's actually interesting that if you look at the and if you look at the, the statement when they announced the deal, it was made a point that this, that this group comprised the 40 percent world to the p. i stand with chinese members, it's only 30 percent. the, even though it's not a free trade agreements. i assume the us still wanted to make it point the thing or

this is a big group more important and it could become a free trade agreement in the future. and but to your question, i think i think the fact that some of these countries in the region, cambodia laws and did not join tell you that because i didn't want to be part of it . and i've already off the to, to, to not be included. and the other countries that sitting a bit on defense wanted more youth involvement, and they've still opted to join. and that tells you something about that. it actually has a future and they build something that can be a real value. so yes, i want to get your thoughts finally, on the u. s. perspective on the whole region. it's obviously sensitive region, both the trade and security, which do you think is something the other, especially now given the war in ukraine and biden's. most recent comments on taiwan hang. security still build trumps everything. and not just because domestic politics is constraining the americans from,

from being like nominally involved. but that is ultimately what they, what they come back to. it's about protecting ceiling. it's about protecting, and it's about protecting too long and older allies in the region. so security is probably more important for the american, even though they, they can afford to, to show that they also want to, to be more economically multi data. and all of it's very much related one to the other young process, the se, asia expert joining us from london. thank you so much for your time. you and thanks for having the. let's turn now to ukraine. buildings and bridges destroyed farm land turns into battlefields and ports blocked from exporting grain and goods. ukraine's economy is in ruins, as a result of russia's invasion, and he desperately needs money to pay salaries, finance, public services, maintain infrastructure. president news lensky appealed to wild leaders at the well decimal mac for him and devils to increase funding and help rebuild his shattered

country. after the war ends, the european union has pledged more than $10000000000.00 and financial. it's just 24 hours after the ukrainian president made his appeal, the group of 7 leading economy. so g 7 has pledged almost $20000000000.00. while the u. s. approved an additional $40000000000.00 and military humanitarian and economic aid, bringing the total u. s. assistance to you. grant, almost 54000000000 dollars this year. that's the largest package of foreign aid passed by congress and at least 2 decades. but the ukrainian government estimates the country needs an additional 5000000000 dollars each month to cover essential services and pay sold to salaries. the while bank says the economy is set to shrink by as much as 45 percent this year. now ukraine exports $4500000.00 tons of agricultural produce per month, but gray and exports have more than half of this month. customers revenues a significant part of the government's tax take of also crash to around a quarter of their pre war level. the direct damage to ukraine's infrastructure

alone is estimated at more than $94000000000.00. and the overall reconstruction effort is expected to cost at least $600000000000.00. now, in addition to the aid packages, the u. s also says it will suspend tariffs on ukrainian steel for one year, citing the damage that russia's war and ukraine has done to the industry. ukraine is the 13th largest steel producer and exports at least 80 percent of its production. and the u will lift import duties on ukrainian goods, including industrial and agricultural products for a year. well, joining us now from london is again, yes, that service is a senior economist at oxford economics of kenya. thank you for joining us on counting the cost today. it really feels like ukraine's economy in itself is becoming a bit of a frontline of its own. what's your reading of how keith is handling things? well indeed, yeah, ukraine is tightened. the war on, on all fronts for military use, social, economic and the economy has contracted by about 45 percent in the 1st month

or which is world basically nearly housing. and there are signs, however, that the economy is adjusting since barnesville, from april onwards. and there are signs of economies adjusting and some regions have been liberated. obviously, the military response has been quite remarkable. and the economic one as well both the monetary and fiscal response and has been quite professional and enabled stability, financial stability, and stability off currency. and, but there are challenges, of course, because there are huge costs involved both weather related to the collapse in revenue, but also the additional expenditures required it required for the width cell. so this estimate of needing what $5000000000.00 every month, just for salary is an essential services. how far will all the aid go? especially given that we don't actually even know how long this wall will last.

yeah, that's a very good question and is a big amount of money. i mean, $5000000000.00 the estimate of $5000000000.00 per month includes the fiscal deficit and dead service cost. so it's not just the, you know, that, but the daily costs related to social spending and etc, but also did that service cost. and it's split around around $3000000000.00 deficit we've seen so far in about one and a half to $2000000000.00 that service costs. and in so far the and the mound that has been pledged by the international community and, and partners are bigger than what has been coming in. and so for example, in march there was 3000000000 in april 2. it's very little. there was less than a 1000000000, and in march in may again. so far there's been a scale up. oh, that is about 2800000000 received. but it's certainly short been a short of 5000000000 that is necessary. and as a result,

the central bank had to switch on the money printing machine, essentially, and monetized or the deficit. and it doesn't like doing that. and it can, it is already putting pressure on the currency and will be potentially creasing inflationary pressures. well, given that the world itself is potentially staring down the barrel of a recession, given the pandemic, given what they've now committed to ukraine at, what's your reading then on whether the west can actually even afford any of this right now? well, i think these amount to certainly of, for the bull, and, you know, we're seeing a lot of numbers in the media like a 40000000000 package from the u. s. or 19000000000 package from the g 7 and 9000000000 from the you. we need to understand that the real cash is much smaller. so from the us, we're speaking about

a 1000000000 and it can be stretched over several years, according to the law. again, it's not clear over what period of time you plans to allocate 9000000000 euros. still, you know the amount not as big as we're hearing and it is affordable. and also ukraine has been asking for an international partners reach countries in particular to use their as d r, a location that was given for and basically overcoming the corporate crisis and recession and. and there is about 295000000000 and allocated into in as d r a i m f. reserve currency to the reach countries which has not been used. so you bring as been lobbying for it is part of that money to be allocated to ukraine . that's very interesting because we have seen this huge show of solidarity from the west. and do you think that to some extent,

we're seeing an even bigger rift being driven between east and west, say, between the western russia and china, not only politically but also economically here? well economically, obviously sanctions are having a huge impact. and russia is becoming more and more isolated. so, and clearly, yes, it hasn't served well for russia's place in the world economically. and it will see it exports of gas and oil, also reduced by the you even beat gradually with china, you know, china, ease of playing a balancing game. china has not taken a very clearly pro russian stance. it is still realizing that it's very much integrated comically with the west. oh, very interesting indeed. we'll see how this all continues to play out of guineas. that's over there. a senior economist at oxford economics, thank you for sharing your insights with us here on counting the cost. thank you

for reaching out. well from battery is to semiconductors, cause and mobile phones, minerals such as copper nichol, vital parts of most of the products that many of us use every day. but they've suddenly become much more expensive and red because of the war in ukraine and sanctions on russia disrupting supply chain. many mining companies scrambling for new alternatives and now looking to africa for the african presence or i'm a person says his country's boys to take advantage of this growing demand for platinum. group metals from africa, producers, half of the world's palladium, at least 75 percent of the world's platinum, almost 90 percent of the wilds radia. and that is also a major cold producer. but up to $2.00 trillion dollars worth of mental reserves remain unexpected. and the government aims to increase investment and it's mining sector to fold, to create more jobs and more foreign exchange. and it's not just south africa. the continent produced almost $1000000000.00 tons of minerals with $406000000000.00 in

2019. about 63 percent of the world's couple production came from the democratic republic of congo, the d. c. and we're one of the world's largest producers if tangela months and other metal used in electronic equipment together, they produce half the wilds output. 11 african countries are the main produces of metals, including gold, ion titanium is inc, and copper with gonna the continents largest producer of gold and botswana is the continents largest diamond producer. while joining us now from london is henry saunderson. he is the executive editor at benchmark mineral intelligence. that's a price reporting agency and consultancy focused on the metal supply chain. henry, thanks so much for joining us here on out of there today. should african countries be looking at this as a huge opportunity? yeah, they all talk to you cuz off because laugh with pretty much all the math book and minerals that we need to move from fossil fuels to renewable energy electric

vehicles on batteries. so they're all working out now. how to capitalize on this opportunity. henry, given the security situations and a number of these countries, just how reliable all these supply chains, you know, so in a matter like cobalt which is used in electric, teresa supply chain is highly concentrated from democratic republic of congo. they get a truck out of the country to africa, and then it goes to china. we cannot supply chain come under stress on our floods in durban. so that's an example of the great, concentrated supply chain that perhaps needs to be seen time be pulling the action . i'll get now saying they want to look the co vote in time vs. we could see that supply chain, which is what we need, right? you don't want to rely on one country, one single supply chain, and we given the amount of opportunity that we're talking about here for both african governments and perhaps some other axes here. is there a greater risk of it?

say labor laws or good labor practices might be flouted or that we might see increase political risk in some scenarios. mean a lot of your ryan in mining activities across the continent in which i mentioned, you know, that being concerns about people getting paid. you know, the right wages, there's been concerns about child labor that you know, there's also, let's see, which i think the reference might be, which is going to become a source of graphite. the tesla, there's lots of concerns about an insurgency. so they're all sorts of political risks. neva, low risk that are going on. these do need to be tackled for africa to become a part of the supply chain. because the other end, the customer, the comic tesla, they want to know that their supply chain is audited. and meet standards, i mean g standards which are becoming more important. ringback sort stop gap while the war and ukraine rages on or is this potentially a longer term shift?

i think because there is, this is a longer time shift. and we've seen china, you know, the last 2 years very heavily to invest in africa. and even recently, it's been chinese investors that are buying assets in africa. and i guess the question is, western mining companies and companies going to follow china. and we've seen that happen already. i'm not if they do that. and i saw that by the chinese side of the supply chain on the west side by chain depend on africa from a long time spec to but we're seeing western invest will come back to some of these countries. but you know, it's at the beginning stages. all obviously then have foreign policy implications going forward as well. so do you see this is part of the new scramble for africa from the west. again, i think the west does not definitely, you know, countries like the d. b, that's pretty much tiny investment. i think now the west is it the way that you

know, way does that, can you know, the co vote is controlled by it by chinese companies. you know, may we need to engage with these countries and needs to go back to these countries? i'm the big problem for the west, but a lot of western mining companies left, you know, left countries like the d. c. or, you know, be able to, the principal issues because they became quite risk. and in a way that investors with telling them not to get, not to get engaged, but now i think by companies and government. so looking again, africa realizing, you know, we have to be that we have to be party supply chain. so it, it, it is a scramble, i think demand for these minerals is increasing rapidly. and we don't want, you know, trying to control a lot of the supply chain if i didn't. yeah, it is a sort of scramble going on. henry sanderson, they're the executive editor at benchmark mineral intelligence. thanks so much for sharing your thoughts with us on counting costs. thanks. have any now clause spinners. and scientists and bangladesh had been working together to revive

a special fabric doc, a muslim was made for royalty, but the technique for producing it was lost for more than a century. now it's back thanks to a red cotton plant, tons of reports now from neuron guns. this rare cotton plant is native to bangladesh and for more than a century was believed to be extinct. but now it's been grown on farms to revive trade in the fine carbon as scientists who lead to such for the plan saves it as fit as not found in other spaces. we looked at t t took us around 5 years to find the genetic match for this cotton plant. we collected 39 variants of cotton plant samples from different parts of bangladesh. eventually we found a dna much of the footie carpet cotton from the compazine region near dhaka university. now, new generations of weavers are re learning this one's forgotten craft, but it's not been easy. um i was initially i was skeptical of my ability,

but eventually after many months of steady training and encouragement, we managed to learn and create the 1st muscle of sorry, after 5 months of hard work and presented it to the prime minister. it was a proud moment for us. the fabric is so light and find that lights have described it as woven the air spinners using traditional odin whales and hand drawn loan have to work for longer too. pretty is most lean than other hand made fabric. wanting to close could take 8 hours by 2 people to make the acquiring, at least 6 to 7 months to make a full and sorry, the work is highly demanding. requests extreme concentration of attention to detail, many and bung with blame. its former british colonial rollers for killing of the muslim living industry by the late 1900 century, to make way for their own textile traits. but they're excited. it's returning. and

they look like we are very proud to be part of this great endeavor as the world will now get to know about our centuries old fame and heritage. since we're reviving this craft again in this day and age issues many hope the revival of muslim will be welcomed by the world. hi freshen industry. that one's house turned again, just delta into one of the most prosperous parts of the globe. oh that's. i'll show for this week, do you get in touch with us by treating me atmosphere at hand to use the hash tag a j t t c. when you do or the office and email counting the cost l 0 dot net is our address . there's also more few online at alpha 0 dot com, forward slash pc. that'll take you straight to the page which has individual report links and entire episodes to catch up on that's it for this edition of counting the cost. i'm the saw, the pay and the whole team here. thanks for joining us. the news on alpha here. ah,

ah, i was raised in france. these are my grandparents. these are my parents. and this is mean fighting both isis and of the 2nd of a 2 part epic tale of a remarkable family. the father, the son and the jihad. cartoon on al jazeera, an ethiopian hours to grat, tend communist rebel only to be disappeared. her family's tragedy entwined with a violent chapter in the country's history. when you see the blood, you say is that going to be my blood on that was to a lifelong search for answers and closure finding salon.