williams has been a goodwill ambassador for the un children's agency unicef visiting developing countries to promote education and sports. part of her commitment may come from her own family's financial struggles when she was a child. this gritty south l i neighborhood is where the williams sisters got their start playing on those tennis courts right over there. now that she's leaving professional tennis, serena williams will have a future full of ventures in philanthropy fashion and hollywood williams reportedly is in discussions with a film studio to executive produce a biographical series about her and her sister. she does not want to be defined sold by her tennis parameters, so she reached out and, and placed herself in fashion and clothing lives. she also had a child and so she promoted health wallace for mothers in addition to athletic wear and wellness products. williams has dozens of lucrative endorsement deals from

promoting gatorade to fronting for a fancy swiss watch company. all part of a carefully cultivated public image williams may be leaving the court, but she will be part of popular culture and commerce for years to come. rob reynolds al jazeera los angeles. oh, this is al jazeera and they said the top stories. the salad russians are paying their respects to the last soviet union leader ahead of his burial and moscow mechanical which if will be laid to rest in the coming alice, the kremlin, says president platinum if potent will not attend. nina cru, chava, the grand daughter of soviet laden, nikita khrushchev says, gorbachev's legacy has been buried in some ways, i am quite pleased the way the kremlin has handled it. and also of course, this time for those of us, critical of the war,

critical of the crammed. and that's it all. so at quite momentous, momentous time because gorbachev opened the world. he gave peace. he was it noble piece, price. and now all of this. so basically, his death is the last nail into the coffin where we are the russians. the system buried those promises of freedom and glass, missed and paste troika, hundreds of thousands of march to nudge antenna in defense of democracy. they took to the streets of day after the vice president, christina fernandez. the kitchener survived an assassination attempt. a man pointed a loaded gun at her which failed to file. the president declared friday a national holiday to show solidarity with her will. ness is most powerful rocket ever is on the launch pad, the 2nd attempt to get humans back to the moon. these are live pictures of the rocket, which will be refueled in a few hours ahead of the launch lighter on saturday. the 1st attempt filed because of engine problems earlier this week. and tennis legend,

serena williams has been knocked out of the us open and what's expected to be the last match of her 27 year korea williams. 123 grand slam titles of record in the open era. those are the headlines. the news continues after counting the cost of next. which side is winning payoff or control guy? what does the new forever prompt more mean for america and nato? as long as americans keep consuming, prices are going to keep going up. why didn't joe biden see inflation comic? how did you get so much raw? the quizzical look us polluted. the bottom line with hello, i'm molly inside. this is counting the cost and al jazeera this week. unprecedented

flooding and pakistan has left more than 1100 people dead, and has displaced millions. the government estimates damages of at least $10000000000.00 a blow to the already struggling economy. the race for the arctic global warming is causing ice sheets to shrink opening up new shipping lanes and access to vast energy resources that has increased geo political tensions as well. power try to tap into the regions economic potential. also this week, microsoft partners with catalog to launch a global data center, the fust in the region to develop digital capabilities and support innovation across industries. stay with us as we look at the world of business and economics. ah, we begin in pakistan, the most devastating flooding in decades has left one 3rd of the country underwater

and affected at least 33000000 people. entire villages all submerged roads, bridges, and railway lines have been washed away, and farmlands have been destroyed, displays pakistani need food and water and the threat of water borne diseases is growing. well, the government says it could take up to 10 years for pakistan to rebuild. and repair its infrastructure. the planning minister says preliminary assessments suggest losses of at least $10000000000.00 at a time when the economy is already struggling. more than 80000000 hexes of crops happen destroyed. agriculture is the biggest sector and contributes about 23 percent to pakistan. g d. p rivers have bus that, banks and dams have overflowed, damaging more than 3400 kilometers of road railway tracks and bridges. as well

as home schools and clinics. they was robbing his this report from the village and fin province. one of the hardest hit regions. oh, this is the face of hunger in sin. to describe what is happening here as desperation. trivializes the extent of the suffering we spoke to 1st on as she was headed into the fray. she says she had no choice. i read it again. then would you go now? now houses have fallen down. you don't have tickets. we can't shade our children from the sun. our houses have been submerged. i swear to god, there is nothing left on our belongings had been washed away, but we poor our children are sick. they had just sitting there. senior army officers leading this relief operation. tell us their orders are use a light touch,

help every one. but making sure the weakest in the crowd, women, children, the sick and elderly don't get pushed to the back of the law. that often requires force that the armies arrived at this village with much needed humanitarian supplies. food mostly. and there's been a scramble at the supply truck because people here know that there is not enough for everyone, but they are still the lucky ones here across the way where the road has been completely washed away. or people cut off from other villages. and they are just hoping that someone is able to swim some supplies over to them. who is the most deserving. who should go 1st? seems to be an impossible decision. i know we, but if anybody, my gentlemen, there's no reason to worry, god willing it will. and we'll get something okay, but calmly wait your toe and everyone will get help. reassurance is bring peace, but only briefly. as the trucks begin to empty,

panic returns and people jump the queue once again. that survivors say not to do so is to choose death. if they don't get food, well, just a duck and die. what else can you do? i don't have any bread. i don't have any water. all the children starving. and bringing order to the chaos caused by floods is an unenviable task. and one that is only just begun to take a more in depth look at the consequences of the floods on the park. a thorny economy on joy. now from slum about by i'm a hobby khan. who is the group chief risk officer at conduct? puck don, financial services. thank you for your time, sir. pocket stones planning minister said this week that early estimates put the damage from the floods at more than $10000000000.00. if that estimate is correct,

how devastating a blow is that for its economy. so it is a fairly early estimate. we expect something around $20.00 to $25000000000.00 to be the total economic cost. once the water receipts, once that does settle, then we can really see what really happened right now. what's happening is because the rules and the infrastructure is on broken lock track saw send them to stun, which are the hardest ones that are underwater. it's not even possible to take release the hardest areas, so it will take time before we truly understand the gravity of the situation and the economic costs. if we have to assign a number toward, i would say needs to be at least $20000000000.00. if not more so double that estimate. we know the agriculture makes up 23 percent share of the countries g. d p . more than 80000000 hector's has already been destroyed. of onions, tomatoes, right, other crops. what kind of impact is not likely to have that is going to

a fairly massive impact on economy growth, as well as one of the inflation and more importantly for security. now what's happening here is the rain scrub send, which basically wasn't growing at this point in time, right? and gotten no rise. we had a major export of up, right? so what's going to happen is we won't be able to export, right? they will actually be a shortage of rise in the country, so that would lead to increase in 5 years. all right. similarly, a lot of condiments and budget tables fail also been just trying to, including announce tomatoes, which are essentially staple goods. means higher prices for them, prizes for to meet or the onions have increased more than 100 percent or the last few days. because the infrastructure is broke in the supply chains are broken. it's not possible to take which tables from one point of the country to another. that's where the government is really focusing on in opening create with india, so that we can import these essentially the stables. let me pick you up on that

that point about importing because pocket stones economy was already struggling with a huge current account deficit, high inflation because of over reliance on imports. and now as you say with so much of the food destroy, they're going to have to import more. this couldn't have come at a worse time. could it for the countries finances? that is correct. this is possibly the worst time. the major will actually happened on the day when i'm, if program got through. so we're looking at additional deficits around $5.00 to $6000000000.00 in addition to the deaf in the back or the earlier. because i said earlier, we won't be exporting a lot either right. but we will have to import additional food as well. so the balance of payments is going to be out lately, only a few hours, but we have the finance minister coming live one period that be may go to the i am if i game for another and we didn't the facility so that we can bring the different search required for boarding food, the i m f has agreed to give pockets, don,

as you say, the lifeline of about just over a $1000000000.00. if they hadn't received this tron ship money. was there a real concern that the country might even default? no, it wouldn't have resulted in a different because for a default to happen, you need to, let's not be able to pay money or pay back the bond or excel and debt or the bias on sufficient fund order card places to ensure that it is able to pay extra credit, but that would have meant matchup was dirty and boxed on which $1.00 man significantly higher prices of food and everything else and even rationing. we talked about the short term needs things like food shelter, but they are of course the long term needs. once the floods go away, the rebuilding infrastructure. i mean, what kind of costs are we talking about?

looking at massive cost share, just a rough estimate. we're looking at at least $3.00 to $4000000000.00 for just revamping the road network and building all the bridges been destroyed. so that's $4000000000.00 of public capital, public money that needs to be re invested to go back to a base. similarly, about a 1000000 houses have been destroyed fully or partially of that, those roughly 700000 houses aren't sending. so we estimated roughly $6.00 to $7000000000.00 of just reconstruction costs. that would be from private gap or not . these are people who are already fairly below the forwarding language them and they have seen belie, have seen the crop for the year, completely going to really. so there is a severe capital crisis as well as the private capital does not exist. really rebuttal and that's where the government is also going to step in android. some kind of a facility to enable or support rebuild involve houses. infrastructure focused on

suffered from similar, devastating floods back in 2010. were any lessons learned from that disaster? sadly know that since we're not from the disaster, we are still building houses. they are still building somewhere. so stablish minutes on riverbank we're still building been doing construction in our growing running. so there is a severe, i would say, a lack of compliance with building board with infrastructure guidelines, which are actually leads to such a law says run flat really, really interesting to talk to her be con group chief risk officer carn does pocket on financial services. thank you. thank you. the now we go to the north pole, a country border, the arctic circle, and many that territorial was, is an exclusive economic zones overlap. it's harsh climate has been

a natural barrier, but would the effects of climate change, warmer temperatures have made the region more accessible, and that is opening up a new front line in the battle for natural resources and maritime trade routes estimates varied, but about 15 percent of the wealth, untapped crude oil and fed if it's undiscovered, gas is hidden below the surface. and as i sheets melts, they're presenting opportunities for energy companies to explore oil and gas reserves with trillions of dollars. the arctic is a major source of mineral deposits vital to developments in science and technology . read elements the used in smart phones and computer hard drives. while platinum group metals like palladium have medical applications and i use in the manufacture of electronics like catalytic converters. i'm the icy waters, a rich in plankton and fish stocks,

the to coastal states. china. i'm the you sign to tracy last year to prevent unregulated fishing in 2800000 square kilometers of international waters. it aims to ensure that future fisheries in the central arctic ocean will operate sustainably. the northernmost region of the planet is warming up 4 times faster than the rest of the world. and far more quickly than scientist had predicted. reset shows nearly 60 percent of the polar ice cap has disappeared in the past 40 years. this is opening up the northwest passage as a short cut for shipping between europe and asia. joining me now from the city, if from sir in no way is mobs, christopher nixon, man is the executive director at the economic council, which is an independent organization which represents industries in the arctic region. thank you for joining us. mads. now the arctic is quite different from

other parts of the world. many people might not be familiar with it. can you tell us about economy? what does it involve? traditionally, there are 2 region has been play for tourist shipping for many years and, and fishing, but, but it's also, it's changing, it's changing a lot these years. we have birth school farming. satellite companies are looking north by innovation, but overall you can say the arctic region is the region of opportunities for many, many countries in the world are struggling with the energy needs at the moment. so how have the global demand for energy resources impacted your economy? people are definitely looking north for many reasons, but also for energy reasons. traditionally, we had the, i mean this weekend has been 11 way or another energy export or for many years. but in, in the past 50 years, it's mainly been oil and gas and you have it in alaska, you'll have it in no way. and of course, also russia, russia is heavily dependent on, on, on the oil and gas being to do. and l n g being produced in the arctic region. but

let me say it is also also has all day energy sources else has renewable in nets like your thermal in iceland, women, finland hydro in norway and even solar panels in small communities. but energy is, stephanie, is a big employer in the region, and it's, it has a big economic impact for the communities there. you mentioned russia, russia, the rich resources you're talking about, have drawn rival countries like the u. s. russia and china to compete for strategic influence in the arctic. is this a good thing or a bad thing for the optics local economy? i mean, more attention is always good for small region, so we are massive region when it comes to land mass, but we're just for 1000000 people. so the reason has so many is going to post a bar for climate change until political challenges and, and now we also start seeing it isn't coming up, but unities as i mentioned, light energy and fish. and it's also a home to many people. so people will like investment people will like investments and infrastructure. and the attention that we see from countries like india, china,

japan, etc. that's a positive interest. 60 percent of the polar ice cap has disappeared in the past 40 years, which has opened up things like the northwest passage, which is this short cut 1st shipping between europe and asia. how beneficial is that going to be? i mean, the people, those of us living in dr. we are really the 1st to see an experienced the problem of climate change. a recent report for some years back showed them global warming happens a 3 times the speed and the arctic. and now most recent news is even full times and someplace it's even 7 times the global average. it had some opportunities in it, but also a lot of challenges that challenges are like permafrost, routing infrastructures, new with hurting drones for indigenous communities. but some of the opportunities is, as you mentioned, new shipping routes or new fishing areas. so what we have to be aware is we have to find the balance between, you know, responsible and sustainable development. and we also have to remember that the global melting of place here in the north or affects the rest of the world. it does

indeed. so what can be done to stop this damage and what is being done about it? a lot is being done. i think the most important thing is we don't stop punishing the people in the arctic, those foreman and people are not emitting all the seo tool that causes this climate change. but we definitely feel the impact. looking at the positives, i think we should look at like development hydrogen. so through dr. region companies are investing in hydrogen because we have a lot of renewable energy. you can also see companies investing in battery production for electric vehicles. so we have to start looking a new technologies, we have to do some kind of energy translation. and also we also have to look at climb and mitigation for those communities affected by the climate change. how is the arctic going to be able to help with the man for food? i'm very glad you bring this up because i really think this is a perfect opportunity for the arctic today. only 7 percent of the world's protein intake comes from sea food. and we, in the arctic region, i mean we are, we are

a big land mass surrounded by water and we have a lot of fish to feed the world. so we, but we have to look at, it's not only about the fish, but it's also using more to fish. so countries like iceland, countries like norway, a very, very far with bio innovation, like using fisk and for pharmaceutical industries. food security. if you want to talk to kids, you should definitely look up north and you should definitely look told opportunities. what about tourism? you talked about how tourism has always been a staple for the arctic, but surely it's now becoming even more accessible to people. i think, i think after the co, with, after the pandemic, a lot of people says, do i want to go to, to paris berlin, london, or do i want to go to the wilderness in no, no way where i live, for example, do people once go out the door and experience, the beautiful nature, and that's really what we have to offer, like where i live. we have northern lights, we have whales outside. we have you know, perfect for skiing, you can write a doc,

sledge and so on. we just have to be careful in these small, fragile communities that we don't get mass tourism has to be high in tourism and i'm sure we can get that one of the other issues with seeing as the planet gets hotter and hotter is that people have to find somewhere else to live and people are moving north. what opportunities can this part of the well the provide for immigration migration. i mean we love migration and immigration because 1st of all i says that we have massive area, but with only 4000000 people. so we got plenty of space from all people. some of the biggest challenges for the arctic region is one is attract the more investments . and secondly, it's like typing people. so we have a demographic challenge, like anywhere else in the world, those urban i station people are moving to the city, people are leaving the region and we have, we have if you want to work with the green transition, if you want to work with hydrogen, a battery production, you really have to move up north, and it's also a very easy place to move to. apart from the climate can be difficult for some

people. really interesting to talk to mud chris, the physics, an executive director of the artic economic council. thank you for your time, sir. thank you for having me. good thing. he, when katha, microsoft has partnered with the ministry of transport communication to launch a cloud data center is expected to provide digital transformation opportunities for organizations and businesses in the region. the center aims to establish casarez a digital innovation hub in line with its national vision 2030 expected to add $18000000000.00 to the economy in the next 5 years. it will also create 24000 new jobs and we scale 15000 people every year. for future positions, the data cent establishes cattle as home to one of the largest cloud infrastructures in the world, serving more than 20000000 businesses. out there is osama bin to aid was at a launch where he met lana class country manager at microsoft castle and hassan

justine, aside from the ministry of transport and communications, say it tells us why kathy needs a data center and how it will beep beneficial where very happy to have our 1st data center over here, partnering with microsoft. we believe in the ministry of the, the big data center is one of the things that posters a c t's development in country. and i celebrate a digital transformation that we are we in the city as well as a country general headed. so we, we think that it doesn't really bring a lot of benefits for, for the public sector in terms of a rating. they do have a transformation which in turn to bring a better vision, see better services to the public,

as well as the private sector and investing an ecosystem out on the data center. so basically the data center on its own as a. 3 as a starting point, and i gotta companies with no can companies to integrate as well as to i for an investment and country very quickly. so how does it work and how secure is that data going to be? because if companies have not been going to work the digital transformation before, how will you convince them now? sure, definitely the security is an important matter for us. and we understand that there would be some worries about having especially the sensitive data for to and our public cloud for, for that way we and the ministry. we have

a reduce in me this year, a framework, a cloud security framework. so that protects the kind of data and we actually end up process. so we also introducing legislation policies to ensure all of this private information is kept secure. and whenever we think about data, we think about security. how secure is microsoft network and why should people trusted? thank you. for is definitely the 1st thing for anyone to adopt any cloud technology out there is they need to trust them. and microsoft runs on trusted. we invest more than $20000000.00. we have an investment of more than $20000000000.00 on cyber security for the next 5 years. we haven't more than 100 global certification on our cloud more than any other cloud provide that out there in the world. but also we

want to have not only that that, that, as you see, we also want to comply with the local policies and those. and this is why we also are the only cloud provider today that we have acquired the and i a national information insurance policy certification from the national cyber security agency . and when we think of data centers, we don't think of data centers in the desert. it is going to require a lot of energy to keep it cool as you know that you just need to be pulled down. so why choose tucker and isn't that going to be detrimental for the environment and very cost heavy microsoft office on thursday. i've been on the highest standards of sustainability in any countries in the world. so definitely i would have data centers and will achieve what everyone 93 percent more energy efficiency and more 98 percent more carbon efficiency than any other traditional data center to your set telling you that it is going to be more sustainable to have

a data center rather than having it somewhere in europe or, or a way to our sustainability standards have been opened an activity in cut. we're also taking some more measures on sustainability that you is soon it about food for thought. utilizing many of the assets that that has a, especially in the environment. so definitely every country has some has when some has toner, so my son, some has others, but everybody and every country can contribute to sustainability and would be able for us to design a sustainable dr. sunset in any country. i don't know where that is. so for this, we get in touch with us by twisting me at moline site and do use the hash tag, ha, ctc. when you do all drop us an email, counting the cost at al serra dot net is our address. there is no fee online on al

jazeera dot com slash ctc. that's our website that'll take you straight to our page, which has individual reports linked an entire episode for you to catch up on that fit for this edition of counting the cost. i'm melinda aid from the whole team. thanks for joining us. the nice on our desert is next. ah. indonesia your investment destination, the world's 10th largest economy, is busy transforming, ready to be your business partner with a robust talent pool, politically and economically stable and strong policies being the powerhouse indonesia is confirmed by the g. 20 presidency. bringing opportunities for you

invest indonesia. now, in colombia, transforming urban waste into building block the use is to present their waste left of the war. we can finish, they are in charge as you know, the america, me just send you an in singapore critical farms and living buildings. anything you do on land, on the ground, does it make sense to do that apply on a building? now can, we might have not just decorative that can we make it biologically productive earth rise, describe its cutting edge solution for sustainable cities on al jazeera. ah . ready this is al jazeera ah hello, i'm adrian finnegan.