ah, a weekly look at the world to talk business stories from global markets to economies and small businesses to understand how it affects our daily lives, economic damages with counting the cost on al jazeera. ah, knowledge is here. where ever you? oh yes. celebrations in sterling campus president got the

bio roger boxes submits his resignation letter from single pole. ah, hello. hello robin, york geologist era life? well headquarters here in doha. also coming up, finance ministers and central bank leaders from the g 20 countries gather and indonesia has inflation phase. take holes across the world. and the world's 2nd largest economy grapples with the cost of its strict 0 kind of good policies. also use president joe botton signs declaration with his royal aim to prevent to get wrong from acquiring nuclear weapons. ah, welcome to the prego. we begin in sir lang. co present got the by roger bucks a has find me submitted his resignation. after months of unrest,

the newsletter to celebrations across colombo, but the documents authenticity still needs to be legally verified. we're expecting an announcement very soon. roger boxer is now in singapore, after fleeing to the bowl deeds on wednesday, and a pressure from mounting demonstrations against his rule. prime minister, a needle with chromebook singer has stepped in as the acting president for protest is want him gone to the they're demanding a new government to and the countries deep economic crisis. and often under the sink, colombo, with the latest on roger pox as resignation letter, it will have to go through a very stringent verification process. is what the speaker's office says. that will involve ensuring and making sure that it is what it purports to be. the original resignation document of resident got arbitrage boxer. i obviously a bit earlier in the day we heard that the president had flown from the motives to

sing a pull. but here at the protest ground 0, you can probably hear all the sort of speeches and some of the sound from behind. a lot of those features still are sort of reacting to that news alert that the resignation has come. so a lot of a sort of silly brain tree kind of speeches, but by far and large there's no a sort of strict curfew, even though we were told that it was imposed tomorrow morning. so people are going on with things. a one concern is that we were told that outside the presidential secretariat for a few hours has been a number of buses full of military personnel on some with right here, some with battens. and that's a bit of a concern as to whether or not they might be deployed in this protest area. hey, global. so crisis soaring inflation and an unpromising economic outlook of the focus of g. 20 meetings in barley where finance tree is from most of the world's largest economic economies. holding talks,

jessica washington reports in bonnie's resort district of new said, do a finance ministers from gee 20 countries are preparing to discuss a troubling issue stage of the global economy. amid soaring food and energy cost, us treasury secretary, janet yellen, once russia to be held accountable. it's troubling to see how good war is contributing to higher energy costs. food insecurity and hunger for the most vulnerable globally, yellen will use the meeting hosted by indonesia to push for a designated price on russian oil aimed at pressuring moscow to rent its invasions . it will also aid in maintaining the global supply of oil. helping put downward pressure on prices for consumers in america and globally be economic impact of the war in crane has sent commodity prices soaring people all over the world are

battling with the rising cost of living, a result of high inflation supply chain disruptions have been aggravated by the war, in the midst of a gloomy global economic outlook, indonesia has stressed the need for unity in the lead up to these meetings, president joker were dodo want. millions of lives are at stake. it governments can't find solutions to the ongoing food crisis. the u. n development program has found more than 70000000 people have been plunged into poverty since the war began . among those struggling in jakarta based small business owner for 3 on, she's been the sole bread winner since her husband lost his job last year. now ballooning expensive, i mean she's struggling to keep her laundry business open. and her family said that the long that there were rising prices are making life so difficult. everything keeps going up and price. analysts say low income households have been here

particularly hard 1st by the pandemic, and now with mounting inflation. this inflation aah can also push up people who weren't in the poverty line and not being able to afford some of the, their basic needs as well. the international monetary fund is projecting a further downgrade in its next global economic forecast. a prediction that will no doubt be weighing on the minds of delegates at the g 20 meeting. and jessica washington, josephina ally from the summer to embody and jessica these are closed door meetings . so one assume some very difficult issues have to be tackled by those very important people behind you. well, that's exactly right. these meetings will take place behind closed doors, but we do have a sense of what will be discussed. of course, the most pressing economic issues facing the world's supply chain disruptions,

soaring inflation, soaring cost of food and energy, and millions of people around the world asking themselves the same question. can i afford my basic needs? can i afford to feed myself and my household? that is the question that really seem to be at the forefront of the house mind indonesian finance minister, sri marianna. as she opened the proceedings, she said that this is a critical and complex time for the world economy. and that g, 20 ministers, g, 20 central bank leaders must have come together to solve these issues facing the global economy. she noted that inaction or action taken by the group can have huge ramifications for countries outside the g. 20 as well. failure to work together, she said, is more than we can afford. the impact on low income countries would be catastrophic cheese. she did, of course, make mention of the previous finance ministers meeting, which was really overshadowed by tensions within the group over the question of

whether russia, which is of course, a g 20 member should be allowed to continue to participate in the face of its invasion of ukraine, she says that the ministers must put together, must put aside those political differences and focus instead on the needs of the global economy and the people who will suffer if issues such as the food crisis cannot be resolved. we know that some of the ministers have already put forward their version of the best way to address some of the concerns facing the global economy. from the us, the treasury secretary, janet yellen, has pushed for this price cap on russian oil. she says the benefits of that would be multifaceted, firstly, it would aid in stopping the war. but secondly, it would also aid in put he downward pressure on cost of living concerns faced by are only americans, but millions of people around the world. later today we will hear significantly from the chief of the i m f, the international monetary fund crystelina georgiana. now just a few days ago,

she wrote an article which noted that she sees a dark and economic outlook. a warning for these g 20 leaders as they meet for these talks in barley, she noted that the world is facing a cost of living crisis. and that she perceives that there will be many, many, top days ahead this year. but also next year, she addressed those ministers outlining those concerns. and it is hoped by not only the host, indonesia, that the group can come together to overcome their differences. and perhaps unlike last time, put out the joint to communicate outlining the strategies for grappling with these concerns, but it remains to be seen. indeed, whether that is possible. jessica, thanks so much call. sorry, i didn't begin with you to find out exactly what more is said. as that meeting proceeds, jessica washington forester in bali new day to release by beijing shows that china's economic growth has slowed sharply in recent months. g d p fell 2.6 percent

in the 2nd quarter, and economists have warned the government's full year growth target of 5.5 percent is not achievable. adrian brown has more from hong kong. so more than 2 decades, china's economy has been the dependable engine for global economic growth. but that engine is starting to splutter heating since you that the world's 2nd largest economy is slowing. and president changing pings 0 tolerance cove at 19 campaign is being blamed. 30 months after it began, but in whew hand, last month he signaled that it was a price worth pay. given the low vaccination rate, no country in the world is able to get it down to 0. so how is china going to be able to do that, particularly with low vaccination, right? it seems a very toy odom earlier this year. business activity and shanghai was brought to a standstill for weeks creating calles and food shortages. now the business and

logistics hub is struggling to contain another outbreak with households advised to stuck up on 2 weeks of food and medicine. while many countries are trying to live with cobra 19 along with its multiple sub variance, china, it seems, will not be joining that list anytime soon. and so for now, the economy remained stuck in a stop stop pattern. this week the government has released another batch of economic and trade statistics, but they don't necessarily reflect what's really happening to the economy. says one skeptical analyst, i think as a, as the reference as a reference. but like all of fishes, the physics we analysts townhouse trying to figure out it correctly in terms of that i think that the key figure that does matter though is the one for annual economic growth that this year china's leaders set at 5.5 percent. i think

that's going to be very hard to achieve because there are so many headwinds. at the moment we have inflation taking off around the world. maybe the world economy might thinking recession. so that means chinese export markets could woke up with millions of people confined to their homes. consumer confidence is flat. that's why inflations hovering at around 2 and a half percent low compared to the us and europe. the uncertain economic part is unfolding in a politically sensitive year after the 20th party congress in november, president, she expects to secure an historic 3rd term. adrian brown, al jazeera hong kong us president joe biden, and israeli prime minister jala pete, have signed a non binding declaration to prevent iran from acquiring nuclear weapons. but also restated the u. s. position of the cheese state solution for israel and palestine.

stephanie dec reports now for west teresa limb. israel. the 2nd day of president jo biden's, middle east trip started with interim is ready, prime minister. yes, le pete. the leaders all smiles at their meeting. top of the agenda iran. signing a non binding declaration reiterating the u. s is ready partnership for america's commitment to israel security and to ensure iran would never acquire and you could weapon. i'm sure the other main topic of discussion. israel's integration in the region. israel's piece with his neighbors. these are essential gall. tomorrow i'll be the 1st american president to fly from israel, directly to jet. saudi arabian, that represents important progress. mr. president, you will meet with the lead is of saudi arabia, katara, quaid, oman, and iraq. i would like you to pass them all a message from us. our hand is outstretched for peace.

we are ready to share our technology ready for our scientists to collaborate and our businesses to corporate opposition leader benjamin netanyahu got 15 minutes a face time, a man not used to taking a back seat during u. s. presidential visits, netanyahu has worked hard to undermine his opponents, accusing them of being on statesmen like and unqualified to lead. these images will no doubt work in the pete's favor had of november's elections. israel's 5th, in 4 years. this trip is less about who is or will be prime minister and more about israel as a whole. it's relations in the region and countering iran. before heading to jetta on friday. biden is scheduled to stop at augusta victoria hospital in occupied east jerusalem. historic in the sense that it's the 1st time a u. s. president will visit a place in east jerusalem away from the old city. he's expected to pledge

a $100000000.00 to help palestinian hospitals. but this moment from the press conference possibly won't go down. well, with the palestinians, your visit to morrow is jerusalem and you won't be accompanied by an israeli official. does this represent a change in your administration's view regarding the recognition after as alarm as the capitol of israel. and if is jerusalem is part of it. thank you, and she was crushes no occupied east jerusalem as what palestinian c as the capital of any future state and issue policy and present mahmoud abbas may res, with biden, who he will meet briefly in bethlehem on friday. the palestinians know that this trip is not about them. a few economic incentives. yes, but there are no new diplomatic offers on the table to revive long story piece talks. the american priority is to focus on wider geopolitical issues and encourage more arab countries to normalize relations with israel. stephanie decker, al jazeera western islam, so remain levrets as a full me, your social security,

tell sl official and the ceo of strategic consulting. well, she says biden's trip has been questioned by members of both the democratic and republican pollsters. there's some confusion about why president biden took this trip at this time. why coach israel now? why go to saudi arabia now? them a good portion of democrats really question in particular, president biden's a visit to israel because they don't see something new. they don't see it as advancing u. s. interests or their particular, their particular priorities here in the united states. the real intent here is to give some cover to president biden really almost completely reversing course on his preferred policy toward saudi arabia. during the campaign, he famously said he was going to make saudi arabia and it's crown prince the crier that they are. and now he is, he is completely reverse course and he is going to saudi arabia where he will meet

and probably shake hands with saudi arabia's crown prince mohammed been some on. but that too is strange. there is not any real expectation in washington that biden's trip to saudi arabia will bring down the price of gasoline. here in the united states, the price of gasoline has actually been been falling for the past month. it's still high, but it's been falling. and they're, it's not really clear that saudi arabia could or would do something so decisive to bring up president vide biden, some real up we might call deliverable or achievement that he could show to the american public. it there, it striking the pulling i was referring to among about democrats in israel. similarly, has a very sizable number of republicans who are opposed to president biden. going to saudi arabia, meeting with crown prince. mom had been summon, and particularly in what they foresee will be a pretty humiliating way. well,

still has, here on al jazeera russian missiles is a city and central ukraine, killing at least $22.00 people, including children. and then they will find the tape for the finance minister, richie sooner tops the 2nd round of phasing for new tory leader. so who's staying? who's going to have the answer after the break? ah, richard, he has begun the faithful world copies on its way to the castle. brook your travel package to the hello there. let's look to east asian is all about the exceptional heat affecting eastern areas of china with a heat wave sweeping into shanghai. and we had a historic day on wednesday. the highest temperature ever recorded nearly touching 41 degrees celsius, so dangerous heat persisting here we are going to see the wet weather sweep in low

thanks to a weather front. and if we have a look at the 3 day for shanghai, the temperature is set to come down as that wet or whether it works its way through the weekend. now it is looking very wet across places like the korean peninsula, northeastern areas of china, and russia's far east, where we have had flooding. and it's going to get wet across the we can for japan. if we have a look at that, we've got an area of low pressure rings and under his showers down into the south and some pretty heavy rain up into the north, elsewhere across china. however, the heat certainly dominates central air is still thing some very wet weather though, that torrential rain, pushing into shank dawn once again, much dryer down in the south, but pretty hot and humid for hong kong now was moved to south asia. it's all about the monsoon rains across much of india and pakistan. we could see more flooding in the south, but the red warnings a lingering for good. you're right. over the next few days. i saw official airlines, the journey. ah,

the shake hum odd award for translation and international understanding is accepting nominations for the year 2022 from february 15th until august, 15th this year for more information. go to w, w w dot h t a dot q a slash e m. ah ah ah look like you're watching, i'll just bear with me said robin. a reminder of our top stories relying cans have been celebrating the streets of columbia. after present got the by roach packs,

i submitted a letter of resignation. the speaker of parliament says the letter must be checked for authenticity, announcement is expected soon. lead result, the wells major economies are being asked to work closely to count the economic impact to the war and ukraine. g. 20 finance ministers in central bank heads. a meeting in barley talks will focus on addressing the global food crisis and soaring inflation. also, you as president robot than israeli prime minister yacht la pete had signed a non binding declaration to prevent a wrong requiring nuclear weapons. bodenal's restated the u. s. positional a 2 state solution for israel and palestine. a russian strike has killed at least 23 people in one of ukraine's largest cities. the valencia by the others were injured as missiles hit, residential buildings and businesses. alan fisher has more from keith, a desperate dash to save a life, pulled from the debris after

a russian missile strike in the tone of v need, sir. it was mid morning when 3 explosions ripped through an office building and to residential blocks. the area was packed, the number of dead and injured, significant president vladimir zalinski called it an act of terrorism junior. could a russian rockets hit our city vinegar, a typical peaceful city. cruise missiles hid civilian buildings, destroyed residential blocks, a medical center. and there is a fire, cause were on fire trams. this is a particular criminal act of russian terror. it cannot be done by humans. their barbarians if the ukrainian claims are correct and what was fired with caliber cruise missiles from a submarine that adds to their allegation, that civilians are being deliberately targeted. because these messages are known to be incredibly accurate. rarely string more than 4 meters away from the intended target. the attack came just hours after ukraine's foreign minister renewed calls

for a special tribunal to investigate, alleged russian war crimes. speaking to a meeting of europe's judicial authorities, the metro caliber says there should be coordination with existing agencies. we have heard a number of reservations since day year 1st floated in the early march. most of them expressed concern that this effort could replace existing international courts and fabulous fuss weakening down. i want to clearly reiterate, we did not have any such intention. countries at the ukraine accountability conference agree the investigation into the war could take years. but say it's important, any one responsible for any atrocities must be held to account russia denies it is committed war crimes during what it calls, special military operations in ukraine. alan fisher al jazeera heave. italy's president has rejected the resignation of prime minister mother druggie after one

of the government's coalition partners refused to support druggie in a confidence that the prime minister survived the vote. but the broad coalition he leads has been trying to crisis his former lives. when the 5 star movements say that they went back, the government bill aimed a tackling the cost of living. now, british conservative party politicians have completed their 2nd vote for a leader to replace bowers johnson. 5 candidates have made it through to the next round. the dean barbara, as more from london, well after thursdays voting the top 3 candidates the same and in the same order. so out in front is richie soon as the previous chancellor, who of course resigned from cabinet just last week and in 2nd place is penny more than he's been gaining momentum in recent days. she's recently been a trade minister. she's been tweeting out her thanks and also what she said was

a quote from a read will focus group people in previous labor voting area, saying apparently that they found it came from the hearts when they saw her speak compared to other candidates. she's actually come under fire from david frost, the government's chief breakfast negotiator, claiming that he'd asked boris johnson to sideline her from breakfast talks with brussels because of what he said was her incompetence. and that is, liz truss former foreign secretary. she's a high profile figure, but not quite so popular amongst the policy membership that could count. now we're expecting to see more voting take place up until next wednesday, eliminating one candidate at a time until there are just 2 names remaining. those will go forward to the policy membership of fewer than 200000 people and they're expecting a result. and hence a new prime minister to be announced by the 1st week of september. the divide based

airline emerett says rejected an order from london heathrow airport to cancel flights. the airport management says no more than a 100000 passengers a day can depart until september. its been experiencing severe disruptions because of staff shortages. emberts runs 6 slides today from heathrow to deny. it's accused he throw of blatant disregard for consumers and says their ground staff are capable of handling their flights. while these transitional government has ordered the temporary suspension of troop rotations by the un peacekeeping mission sites for security reasons, the suspension is expected to last until talks are held to coordinate. a new agreement move comes after molly's government, arrested. $4940.00 and soldiers on sunday night claims the soldiers, a mercenaries looking to topple the government. nicholas hank has moved from neighboring city. go. this concerns over 12000 un peacekeeping troops from 50

different national these, ranging from el salvador bang, led dash germany, or even egypt. not only is this the biggest and the most expensive un peacekeeping operation. it's also the deadliest over $250.00 soldiers have died. most recently, egyptians in the northern part of the country and it's now facing its deepest crisis of trust because the 1000000 military genta have grounded all of these soldiers. none of them are allowed to leave the country and no rotation of soldiers are allowed inside. molly and there are talks taking place between the 1000000 authorities in the u. n. to find an end to this crisis, but take a listen to what their, the, you, and spokesperson for on hawk had to say. the rotation of contingent is crucially important for the missions operational effectiveness and the safety and security of personnel. all efforts must be made for an urgent settlement, especially since some of the staff concerned should have been relieved several

months ago. and this all started on sunday when 49 i for in soldiers landed on the tarmac of the airport in the capitol bar myco. the marine authorities accused them of being mercenaries. but the over in said this is all the misunderstanding, these are you in contract as part of the national support element there to help the un peacekeeping efforts there. the u. n though has deny that it has any of these elements or any record of these men. adding more confusion to the crisis into this situation. a landslide that swept over a school in rural north western columbia has killed at least 3 children. floods in the area of displaced dozens of families and emergency services, a warning of moorland slides a 2nd he wavers hit western europe in a matter of weeks while fires have been burning in portugal, spain and france,

where we challenge as more from malaga, from the northwest to the south spaniards, a sweltering in the angelou fear, region temperatures sort of $45.00 degrees celsius. on wednesday, the government is wanting people to be cautious and avoid going outdoors unless absolutely necessary. or maybe they're gay on them that unfortunately with so much heat. people don't leave their homes till early. so there are no customers until later in the day. this is the 2nd heat wave in western europe in a matter of weeks. forest fires burning near the port with portugal and north west of madrid where hundreds of residents have had to leave their homes. france and portugal are also battling wildfires. and at least one person has died. anyone who's been to spain or portugal in the summer knows that it's hot and it's dry. these conditions while they're perfect while fires and you with research as

publishing in the journal nature g o science say that because of changes to a high pressure system out in the atlantic called the assorted high, the iberian peninsula is the driest. it's been for 1200 years. there is a drought in spain. water reserves have shrunk more than 20 percent this year. all he but we say to our cells, but how we going to wind up either we see a lack of water or a desert. i suppose it's not so much for us, but for our children and grandchildren the conditions have made it impossible for barley and wheat farmers to take full advantage of the rising cost of cereals that and then thought what and thinking when the benefit there would be a loss of 30 to 40 percent and in some areas of the province of lighter, we're talking about 607080 percent loss meteorologist say climate change is making both droughts and heat waves. more frequent spaniards unexpected to get much relief from the high.