was realized when the philistine in pike won the federation's other mouth fighting in 2018 since then the 20 year old has participated in 72 national competitions. and $16.00 metals including one gold hello. so what do i have for all of the difficulties we face are tremendous. international travel is one of the main problems as getting a permit from israel. authorities is not easy. we have limited resources and poor facilities to train and prepay for the games. but despite these obstacles, we have achieved great successfully and in these games in con, yeah, i will do my best to win a gold medal that my m. i mothers also set his sights on her present in palestine at the 2024 olympics in paris. yeah, there is learning solidarity games isn't a high profile competition, but for many young athletes, it's an opportunity to showcase their parents. a millions of muslims have been suffering from poverty or thickness. the ability and even civil rewards for decades . this by gave inability to the amount of screaming and natural resources. some say

this is because of a lack of unity, solidarity and coordination. and the organizers of this gain, say, new aim is to build bridges among the muslim majority companies. when bringing them together to support those who said that of the 01. ah, this is al jazeera and these are the top stories. 8 people have been injured by gunfire and occupied east jerusalem. it's believe the gunman targeted passengers on boston and the car as well as pedestrians. police haven't ruled out the possibility of more than one shooter. natasha can, i'm has the latest from occupied east jerusalem. according to media reports, at least one person ambushed a bus as it arrived at the western wall in the old city on sunday morning. witnesses say that as people were boarding the bus and it was packed,

they heard gunshots screams shouting, and warning that this was a terror attack. police flooded the area cordoned off the area near the western wall. and since then, have been reading several homes in a palestinian neighbourhood in occupied east jerusalem called still one. donald trump's lawyer signed a statement and june signed classified material trumps florida. home had been returned this according to the new york times. this statement would be at odds with this week. seizure of 11 sets of classified documents from mara lago. the author, salman rushdie has been taken off of into lighter and has regained the ability to speak one day after he was stabbed to new york. the man arrested for attacking rushed. he has a paid in court and pleaded not guilty to attempted murder. an assault on the 2nd degree placed a time 24 year old hot him into after the attack on friday. with ukraine's president has warned that his forces will target russian soldiers who shoot at or

form o from the upper region nuclear power station. there have been calls for demilitarization around the facility with the headlines and use continues here on al jazeera after counting the cost, which is up next discover a world of difference, determination. i'm tommy down with me, but we am with freedom, replied miss chaff, salvages and ominous 16 people with corruption and compassion al jazeera world, a selection of the best films from across our network of channels. ah,

i hello there, i'm to start the hey and this is counting the cost on al jazeera, your look at the wild, a business and economics this week. oil and gas majors are raking in their outings on the backs of the poorest. people says that the united nations, it's urging a windfall tax on their profits to support households and the most vulnerable will governments, he'd the call. also this week, the races on for semi conductance and the u. s. is spending billions of dollars to boost domestic manufacturing. well, keeping an eye on china. can america rival asia marcus plus the sales of video game giants have dropped in the 2nd quarter of this year? all game is spending less time playing and is it's game over for the pandemic boom . ah. now the new study found the oil and gas industry has produced almost $3000000000.00

a day and profits the last 50 years. it's now caching and even more money as the war and ukraine has driven up energy prices. the secretary general has criticized these sky high earnings as grotesque, agreed at a time when millions of people around the world are feeling in a pinch of the rising cost of living. and tanya gutierrez is urged governments to tax the profits of fossil fuel giants. to help those in need. it is immoral for oil and gas companies to be making records profits from these energy crisis on the beck of the buddhist people and the communities. and that the massive cost to the climates, the combined profits of the largest energy companies in the 1st quarter of these year, are close to $100000000000.00 us dollars. i urge all governments to tax these excessive profits and use the funds to support the most vulnerable people through these difficult times. well that has

a call comes as energy giant recorded i was offering figures for the 2nd quarter of the m. b, p reported a profitable missed $9000000000.00. that's the biggest win for 14 years. american energy, exxon mobil, pocket, it around $18000000000.00. the net income is the company's largest ever quarterly profit. europe's largest oil company show has broken the record for a 2nd quarter in a row with profit of more than $11000000000.00. those 3 major companies put together with the u. s. from chevron and frances total energy is made $55000000000.00 this past quarter, and it's not just oil and gas blend cause the world's largest coal ship are also made record profits and plans to pay an additional $4500000000.00 and dividends. and buybacks to shareholders out while companies are reaping the benefits households are struggling to pay high energy bills. food prices of also such they've risen around 50 percent since 2019. the u. n says more than 50000000 people across 45 countries are now on the brink of famine. well,

joining us now from london as adi. i'm sure of it. he's a senior research fellow, the oxford institute for energy studies and also author of the book, trading and price discovery for crude oils. thanks so much for joining us on counting the cost audio cell by asking you what you make as good terrorist. a suggestion because i know many economists would argue that taxing profits at a time the short supply could backfire in the long term, it would definitely back fi. i think taxing process is a terrible idea on a number of levels. the 1st reason why it's a bad idea is that it essentially, it basically penalizes the companies that are actually supposed to be investing into energy exactly at the time when we need it most. secondly, also it, it sort of picks and chooses winners. why are we, why are we taxing energy companies? a lot of other companies had win win for profits as well. why not tax, google and facebook? why not tax? law law firms?

lot of companies that it's time to time and windfall profits for whatever reasons. and those profits are usually an incentive for them to actually invest into the resources. ready that are badly needed, so if we tax them, we're going going to get those resources in the long run. well, we have a number of case studies here. the u. k. in india for instance, have impose these windfall taxes. what do you make of their success? you know, it's too early to say, we've only just had them. in fact, from the energy point or industry point of view, probably that one have a terribly big negative effect. it will have a negative effect, but not, not particularly big because it happened at the time where we have univision, russian invasion on ukraine, and a lot of energy companies basically managed to make quite a bit of money out of out of their resources that they're having the north fee or elsewhere in terms of oil and gas production. but we are really not passing the

right message. stager is, i'll give you an example. let's say century car is producing a lot of gas in the u. k. having a wind full tax is just going to part, send a message to everyone. well, if you invest more into the u. k, and you can gas product gas production, which we need really, really badly. well, and you make money, we're going to tax you. the same thing applies to e d, f, for example e d f is making a lot of money out of their nuclear power plants because b, as we know how to test, the prices are quite high. well, now producing plain electricity, green electricity, nuclear, christie, and why should they be taxed? i mean, basically the messages, well don't invest into these green resources because you're, we're going to tax you as soon as you make some money. well, i notice that the u. s. has her father avoided a tax like this, but i believe the white house hasn't actually rule that out. now, given that biden has had such stern words, oil companies and refiners, what do you make of, of the state of play there now?

well, the united states and obviously is lot more market oriented. and i think also in mind of the consumers, it's a lot easier to do these taxes in, in europe, and the u. k. where we are used to having a 90 state in the united states. it's a lot less so, so, you know, i think it's very important to go to the consumer and actually explain that gas prices are international prices. oil prices are international prices, gas prices went up tenfold. so when something goes out, tenfold, surely is going to be a locker at home. and well, just like the price of coffee, you know, there's not much you can, you can government can do about the prices. what could you pick out meant and all the governments can do and should be doing is helping those really ah, shit, badly who i need. and they should be given cash, not not subsidies. because what happens is, for example,

when you subsidize gas prices, if they are right now in the u. k. and there's a lot of talk about price raises, terrible, terrible idea. come back to that in a 2nd. what happens? you actually subsidizing the rich more than anyone else. people in, in, in big mansions are people driving because and so on. so you're suggesting public cash transfers and to the most vulnerable absolutely. give those in need, cash giving subsidizing, or freezing even because there were some cause in some quarters. leave them at parties, suggested the freezes, terrible idea. 970 lessons from 970. we haven't learn. nixon administration influence rise freezes. and what happened there was shortages of, of energy. what happens is that if, if the energy companies have to pay this price and you give them that price, they'll say, well, we're not going to invest anymore. we're not going to do this because we are losing money. you have a really good case in france, e d f. now being being

a nationalized. why? because the government basically imposed very harsh price caps on, on, on energy. and companies in germany is the other one unit where basically went bankrupt. then when the government's think they have a free lunch, then eventually in the long run, well they end up doing is actually, you know, nationalizing these companies and spending billions and billions of dollars. oh, you suggested the taxes like the wind for tax, they've been talking about discourage investment. so then is all of this then really just part of the pain that we need to go through in order to get to a green transition? absolutely, well, you know, the old, those who are calling for, for energy subsidies, for example, gas just have to remember, look at outside. i mean, we, you know, we have climate change that happening now. it's not happening in the future, and you want to subsidize fossil fuels. is that what we want to do now got?

now we shouldn't be doing that. we, what we do need to do is help. and the reason growing fraction of the population that need help, that helps should be given in terms of cash to those in need. everyone else should pay the full price or the fossil hills. and that would also be an incentive to move much quicker to on shore when, for example, or shall wind and other green sources of energy that we need really, really badly. and we need them now rather than pay give money to put him very interesting id. i'm sure that the senior research fellow at the oxford institute energy studies, thanks so much for sharing with all that from counting the cost. you're welcome. thank you. now thailand, like many countries, is facing shop increases in the cost of food and fuel. and central bank is following in the steps of many others hiking rates to try to tame inflation. but in a society where the gap between rich and poor is one of the was in the wild type,

say the government's efforts will bring little relief. tony chang reports nestled between embassies and gleaming high rises in the center of thank cox, a community on the other side of the wealth. get in the shadow of a new apartment complex when he still lives with her 3 children. he says her income barely covers the families cost full repayments of loans. she's been forced to take the money. i want to have a better life, but i can't. i just have to accept my fate because i was born in this condition and i have to take what is available. i just spend my life day to day trying to get enough to eat and it's not. so during the pandemic, many people lost jobs and incomes dropped. and now the cost of living is rising sharply. they're not getting any help. let a man man from nailer whole, we barely get any help from the government. we don't get anything. the only get help from foundations and cherishes so we reach out to them. thailand's often size,

it is a success story when it comes to reducing poverty. but the wealth hair has not been evenly distributed. and in this credit suisse global wealth reported 2018 tyler was listed as one of the most unequal places in the world. in the years since then, life has been even harder for lower income communities. by the side of a busy expressway, some of the most vulnerable a struggling to survive. this is a community for the deaf and hard of hearing, often cast out by their families. form takes us under the bridge where she, her husband and several other families have made homes from refuse and scrap. she explains their disability allowance of $20.00 a month. barely lasts a few days. the strain is enormous. they trying to salvage what they can from the waist. others throw away with the roar of the traffic overhead. life goes on while their complaints go on,

answered tony channing al jazeera. thank god i . well, while fossil fuels power, the globe, semi conductors drive the digital economy, the tiny computer chips so seen as the oil of the 21st century, they run everything from smartphones to missile defense systems. after a global shortage hit hard, many countries are racing to secure uninterrupted supply. now, among them is the united states, which is just approved a multi $1000000000.00 bill to boost domestic production. the bipartisan bill includes more than $52000000000.00 and subsidies. the u. s. companies producing computer chips, as well as billions more tax credits to encourage investment and research in the industry. the u. s. falls behind asia and ship manufacturing with a global share of at least 10 percent compared to almost 40 percent just a few decades ago. but it does lead in cutting edge shift design. well, that's what president joe biden had to say when he signed that bill and law. it's

crystal clear. we need the semi conductors, not only for those javelle missiles, but also for weapons. this is the future that are going to be even more reliant on advanced chips. unfortunately, we produce 0 present. these advanced chips now in china is trying to move away ahead of us, the manufacturer, the sophisticated ships as well. it's no wonder the chinese communist party actively lobbied us business against this bill. the united states must lead the world the production of these advanced ships. this law will do exactly that on china has criticize that bill as a threat to trade and an attack on chinese businesses. the nation in ports more than $300000000000.00 worth of semiconductors annually, but ends to produce 70 percent of its own ships by 2025 around 90 percent of the wealth. most advanced chips though are made in taiwan. the rest come from south korea. european legislators also pan multibillion dollar investments in the industry over the coming year. while joining us now from singapore,

as alex cap rate, he's a research fellow at the hendrick foundation and also electra at the national university, a singapore business school. alex, we seeing the emergence of a new semi conduct, a cold war here. what we're seeing is a re shuffling a restructuring, a paradigm shift if you will, around global value, change global supply chains when it comes to strategic goods. and at the top of that list are semiconductors. how much then do you think this bill will actually help the u. s. in particular, try to regain its leading role and in semi conductor production, it's important to, to step back and take a look at the state of the semiconductor industry as a whole. so u. s. companies still dominate the technology, they still dominate the i p, the manufacturing equipment, the tooling. but what has happened over the last 30 years is us, chip makers have offshored manufacturing. so we have these pure play types

scenarios where a company like p s m. c in taiwan. as a contract manufacturer is manufacturing on behalf of its it's making the chips for big companies like qualcomm, for example. and so what the us wants to do now, given this strategic rivalry with china, given the sensitivity of global supply chains, because of the pandemic and so forth, is it wants to bring that manufacturing back to the united states. and that's what the chips act is all about. i see that the companies that would benefit from this bill there then actually not allowed to increase their production, particularly advanced chips in china. just how attractive is that. so the big kisses, well, is this is been the game that the semiconductor companies have been playing in china a so called in china for china strategy. and that is, continue to sell mature older generation technology in china in the

chinese market, make a lot of money, use that money and wow, that back into innovation and research. but don't sell because of export controls. and sanctions, for example, don't sell leading edge technology to the chinese. now what's going to probably happen in the coming months and years is the u. s. is going to crack down and choke off even that older mature technology that's going into china and that is fueling china's growth in the trailing edge section of semiconductors. and that means that we're going to see further bifurcation in the markets. we're going to see further decoupling if you will, and it's going to be more difficult for china to try and become self sufficient when it comes to semiconductors. when you've been talking about this strategic rivalry, and as you alluded to, the industry leader we're talking about here is taiwanese, do you think that the tensions we've seen escalate recently or the tie one could that affects the supply chain. putting too much dependence on one country and this

is taiwan. this is for manufacturing. again, we have to be very clear. we're talking about manufacturing and ships ah, in, in particular. so clearly the move, not just in the united states, but in europe, in japan, in south korea, is all about diversifying and avoiding a single source supply chain situation. ah, with a single point of failure, for example, which would be taiwan. so we're going to see how we're going to see re shoring are all over the world, and it's also going to involve taiwanese company. so t s m c is investing in the united states. it's investing in europe. we could see india emerging to a certain extent as a place where that, you know, the big taiwanese companies and others will invest. well, let me ask you then about the rare earths shortage that we've seen around the world . now given that china's been very focused on the supply and those materials that

you need to produce semiconductors. and what does that mean for other countries like the u. s. or india? well, it's part of the decoupling process that we're seeing and we have the united states, australia, canada, for example, re opening. for example, the, the mountain pass mine in california, which used to be the world's largest extractor and processor of rare earth before that was all offshore to china. so in this decoupling process from china in this re shoring ring fencing process that we're seeing, we're going to see friend shoring. in other words, we're going to see strategic partners such as the united states, u. k. japan, australia working together to, to re open and to and to reassure these supply chains. and that's exactly what's happening with rarer as well. so do you then theme broader political implications for the future of semiconductors here, a bifurcated wild then. absolutely. so,

you know, a semiconductor is not just a hyper strategic good for weaponry. and for sophisticated electronics, it is a public good. it is every bit as important to a nation as energy, water or food security. so we're going to see increased emphasis on self reliance, or at least on strategic alliances around supply chains involving semiconductors. alex cat, pre there from the henry foundation, speaking customer, singapore, thanks so much for your time and sharing a thought to us. whole gaming has outgrown the earnings of some of the biggest entertainment companies in the past decade, becoming even bigger than movies. and the music industry combined pandemic locked downs and stay home restrictions. so a growth and uses as more people reached for their consoles. last year, the industry wrapped up almost $180000000000.00 in revenue. but with holiday travel taken off again. the gaming industry has taken a hit video game johns have seen millions of dollars of losses and revenue and

recent weeks. in the 3 months that ended in june, microsoft, sony and nintendo each reported a fall in sales. american spent more than $12000000000.00 on games and the 2nd quarter according to market research firm and p d. that's down 13 percent year on year china video game revenues in the 1st half of 2022 fell for the 1st time since days became available and 2008. joining us now from london is really led on better. he is a professor of economic sociology and digital social research at the oxford internet institute. that's part of the university of oxford. so really what's gone wrong for video game companies? i imagine the semiconductor shortage we've just been talking about hasn't helped diva. that's right. so 11 problem has been the supply chain crisis because manufacturers are not getting their, all their products from the consumers. but also the war rush us innovation of ukraine has led some game publishers to pull out from russia. and this is obviously

had a negative impact on their revenues. and then a further reason is apple has since last year started limiting the data, it gives out to app developers on, on players. and this has led to basically a decrease in revenues from ad supported games, as well as an increase in acquisition costs for game publishers because advertising is now less targeted. and it's also further sort of entrenched the centrality of apple's own app store as a gateway between app developers and consumers. and all of these things are eating a little bit into the game industries. revenues, how much of a difference as the pandemic made? because intuitively you kind of think everyone stuck at home. surely some of them are playing video games. yes. so actually during 20202021. the

games industry grew a lot. so there was something like a 25 percent spurt in the size of the market. this is massive growth. so if there is a little bit of a correction now that's almost to be expected as people are, are going out again and maybe playing some of those games that they bought during the lockdown. do you think that we could potentially see an uptick in the industry when people have gotten bored of going out and want to be back at home? yes, certainly the, the industry overall looks looks very healthy. so i don't think game playing or the games industry is going anywhere and suddenly there, i would expect them to find new sources of, of growth in due course. we'll speaking of sources of growth. i think chinese game is in particular are hitting the post button. why is that? obviously one thing in china is that the government last year started massive crackdowns on the games industry. so limiting the amount of time the miners are

permitted to spend on the games as well as suspending new licenses for 4 games publishes and publishes in china, need a license to publish any game. and the regulator has as suspended and still to some extent is suspending and new licenses. and this has had a big impact on chinese publishers ability to introduce new titles to the market. and this is obviously having an impact on, on their revenues as well. so that would be certainly one reason. well, let me ask you then broadly about the future of the industry. i think companies like netflix, for instance, are also now investing in video games. where do you see all of this going well for netflix, the way their executives speak about it? it sounds like it's still a bit of an experiment. they're trying to figure out what, what to do with games. but if you, if you look at what tv shows they have some of their shows, we are actually based on games already before netflix started been turning some

shows into games. and so, turning media franchises into these multi media franchises is of course a very old strategy in the media bases and these different media can support each other. so suddenly i would expect to, to continue to see that where games are not just games, but they are also films. they're also animations. they're also merchandise and other things is we're talking about the future. i think also in the games industry as well as everywhere in the tech industry, the power and sensuality of these tech giants like apple and google and microsoft. i think it's going to be going to continue to be an increasing trend and even more investment despite the industry downtown at the moment. the lead on that from the oxford internet institute. thanks for joining us on counting the cost. thank you

very much. well, that's our show for this week. do you get in touch with us by treating me at mr. k and do use the hash tag h t t c. when you do or drop us an email? counting the cost at algebra dot net is our address. there is also move you online at al serra dot com slash ctc. that'll take you straight to the page which has individual report links and tie episodes for you to catch up. that's it for this edition of counting the cost. i'm to start the attend from the whole team here. thanks for joining us. the news on al jazeera is the a reporter's retreat in a brutal civil war. if a commodore hadn't been there, the israeli invasion would not have been so well reported. the commodore had become journalistic center. you could be in a safe enclave and then you went out into civil war. i started off leaving this other grand suite at the commodore hotel. the next room i was in was underground in

a tiny prison. so as a hostage, a route the commodore war hotels on al jazeera ah diets define who we are. but who are way, if we don't know what we're eating in a disturbing investigation into globalized food fraud, people and power reveals long hidden scandalous practices. the def, infiltrated international wholesale markets and supermarket chains and asks, what's really on our plates. food in glorious food pond to on al jazeera, ah, for 8 people have been injured as a gum and target the bus and occupied east traversal.