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tv   Counting the Cost  Al Jazeera  September 4, 2022 6:30am-7:01am AST

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what you've done for women and what you've done for just the the category of sport period is i'm president. serina is 40 now but one her 1st major at the age of 17 was open in 1999. she went on to win $23.00 grand slams in total, a record in the open era along with 4 olympic gold medals. when she and venus arrived, they actually changed the way the game was played and who play the game today. you had cocoa golf, playing madison key to black women, and race was not the big deal. it was that it was 2 americans and one of them was going home. it wasn't the hollywood ending. many had hoped for serena leaves with her head held high player and a personality her sport will miss like no other far is smile al jazeera. ah,
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this is al, just here. and these are the top stories. the salad nasa has ruled out another launch attempt in the coming days for it's osman one moon mission. the us space agency had to postpone the launch of its giant rocket for a 2nd time after a fuel league necessity. the lake is too complex to fix and a matter of days launch period. 25 is definitely off the table. we won't be launching this period ends on tuesday will not be in launching in this launch period. launch period 26 and 27 will really depend on the options that the team comes back with likely on monday or early tuesday morning. so our confidence comes through what we're going to learn in this. when we're ready to go back out there, we'll go back out there and try for another launch. the international atomic energy
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agency says these upper risha nuclear power plant in ukraine has been disconnected from its last remaining external power line. but the facility is still managing to supply electricity through the grid, through a reserve line connected to a nearby thermal power station. really, russia accuse ukrainian forces of shelling near the facility, macau gorbachev. the last leader of the soviet union has been led to risk at moscow, symmetry, thousands of russians fall, passed as open casket to pay their respects the hit of his burial. the president vladimir putin did not attend a former us president. donald trump has called the f. b i search at has marin lago residents last month, a travesty of justice. trump also called his success to joe biden, an enemy of the state. and tina's congress has held a special session to condemn the attack on argentina's vice president, christina phonetic the kitchener. she survived in the fascination attempt outside her home and born of id on thursday. a man was arrested after pointing
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a loaded gun in her face, which failed to file. pakistan's prime minister has convened a committee to coordinate relief efforts in areas devastated by flooding. well then, the 3rd of the country is under water and an estimated 33000000 people have been affected. well, those are the lines. the news continues here. after counting the cost of next talk to al jazeera, we ask for the rebound you speak. clearly coming at a high cost for the airlines and the industry, what's going wrong? we listen, you were part of the struggle in the 1970 s if you have any regrets. no, we meet with global news makers and talk about the stories that matter on our era. ah,
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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 1000000. the government estimate damages of at least $10000000000.00 a blow to the already struggling economy. the race for the optic global warming is causing i sheet to shrink opening up new shipping lanes and access to vos energy resources that has increased geopolitical tensions as well. power tried to tap into the regions economic potential. also this week, microsoft partners with katara to launch a global data center, the 1st in the region to develop digital capabilities and support innovation across industry. stay with us as we look at the world of business and economics. ah,
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we begin in pakistan. the most devastating flooding in decades has left one 3rd of the country under water and affected at least 33000000 people and tire villages off the merged roads, bridges and railway lines happen washed away. and farm lands has been destroyed, displays pockets, donny's need food and water, and the threat of waterborne 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 happened 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,
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damaging more than 3400 kilometers of road railway tracks, bridges, as well as home schools and clinics. they was robbing his this report from the village and sin province. one of the hardest hit regions. oh. 6 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 fors on us. she was headed into the fray. she says she had no choice. i had been with you, one of our houses have fallen down. you don't have tickets. we count, shade our children from the sun. how houses have been submerged? i swear to god, there is nothing left. when our belongings have been washed away, we poor our children are sick. they are just sitting there. senior army officers
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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. the other often requires force that the armies arrived at this village that 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, i mean 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. reassurances bring peace,
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but only briefly. i as the trucks begin to empty, panic returns and people jumped the queue once again. that survivors say not to do so is to choose death. if they don't get food, we'll just a duck and die. what else can he do? i don't have any bread. i don't have any water. all the children are starving. 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 pockets dani economy . i'm joined now from islam above by i'm a be con who is the group chief risk officer at conduct park don financial services . thank you for your time, sir. pockets on planning minutes. a said this week that early estimates put the
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damage from the floods at more than $10000000000.00. if that estimate is correct, how devastating a blow is that for its economy. so that is a fairly early estimate. we expect something around $20.00 to $25000000.00 to be the total economic cost. once the water receipts the dust settles and we can really see what really happened right now, what's happening is because the rules on the infrastructure is on a broken large truck saw send and we'll just stop which are the hardest ones that are under water. it's not even possible to take relief, butcher, 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 at the countries g. d p . more than 80000000 hectares has already been destroyed. of onions, tomatoes,
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rise, 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, food security. now what's happening here is the range crux and which basically wasn't growing at this point in time. right. and gotten now, right. we are a major export of right. so what's going to happen is we won't be able to export, right? they will actually be a shortage arrives in the country, so that would lead to increasing probably right. similarly, a lot of condiments and budget tables fail also been destroyed and including i means tomatoes which are essentially staple goods that higher prices for them. prices 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. it was from one point of the country to another. that's where
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the government is really focusing on in opening crater with india says 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 actually happened on the day when i'm, if program got through. so we're looking at additional deficit of around $5.00 to $6000000000.00 in addition to the different back or there earlier. because i said earlier, we won't be exporting a lot either that right. but we will have to in board additional food as well. so the balance of payments is going to be literally only a few hours, but we have the finance minister coming live one period that be may go to the game
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for another. and we didn't. the facility so that we can bring the different search required for importing 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 had to receive this trans, if money was there a real concern that the country might even default? no, it wouldn't have resulted in a deformed because for a default to happen, you need to lead to not be able to pay money or pay back the bond or excel told us bias on a house sufficient fund place to ensure that it is able to pay off the extra credit does, but that would have meant massive was 30 and part time which would and significantly higher prices of food and everything else and even rationing. we talked about the short term need. 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?
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we're looking at massive cost. sure. just a rough estimate. we're looking at at least $3.00 to $4000000000.00 for just revamping the wrong network and building all the bridges been destroyed. so that's $4000000.00 off public capital, public money that needs to be re and rested, to go back to a base. similarly, about a 1000000 a house has have been destroyed for me or partially of that. those roughly 700000 houses aren't similar. 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 the lines have seen the crop for the year, completely gone to really. so there is a severe capital crisis as well as a private capital does not exist, really rebuild. and that's where the government is also going to step in android.
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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 leave . know that since we're not from that disaster, we are still building houses, they are still building and we're so stablish minutes on riverbanks. we're still building we're doing construction in our growing robin. so there is a severe, i would say, lack of compliance with building board, but in structure guidelines, but you're actually still such a law says run flat. really, really interesting to talk to her be con group chief risk officer condos pocket on financial services. thank you. you the, now we go to the north pole, a country border, the arctic circle, and many that territorial was,
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is an exclusive economic zones overlap. it's harsh climate has been a natural barrier. what 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 west 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 on the icy waters. a rich in
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plankton and fish stocks, the coastal states, china and the you find a 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 of prom, sir, in no way is mobs, christopher dixon, marked as the executive director at the arctic economic council, which is an independent organization which represents industries in the arctic
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region. thank you for joining us, mabe's. 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 this year. we have bird school farming, satellite companies 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 that definitely looking north for many reasons, but also for energy reasons. traditionally, we had the, i mean this region has been and 11 way or another energy export or from any years. but in, in the past 50 years, it's mainly been oil and gas and you'll have it in alaska, you'll have it in no way. and of course, also russia, russia does,
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is heavily dependent on, on, on the oil and gas being the dues, and l n g being produced in the arctic region. but let me say it is also else i have all day energy sources else has renewable in nets like your thermal in iceland, women, finland, hydro, 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 if in a 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 is also home to many people. so people will like investment people will like
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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 not going to be. i mean, the people low false living in dr. we're really the 1st to see and experience the problem of climate change. a recent report for some years back showed the global warming happens of 3 times the speed and the arctic. and now both read the 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,
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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 dock tick. those forms and people are not admitting 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 developmental 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 transmission. and also we also have to look at climate mitigation for those communities affected by the climate change. how is b r pick 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
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intake comes from sea food. and 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 of the 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 take, 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 want to go out the door and experience the beautiful nature?
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and that's really what we have to offer. like where i live. we have northern lights, we have whales outside. we, 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 wealth provide for immigration migration? i mean, we love migration and immigration because 1st of all, as i said, 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 tracking people. so we have a demographic challenge, like anywhere else in the world. that's urban i sation, people are moving to the city, people are leaving the region and we have, we have if you want to work with the green transmission, if you want to work with hydrogen, a battery production,
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you really have to move up north. and it's also a very easy place to move to apart from decline, but can be difficult for some people. really interesting to talk to mud chris, the physics, an executive director, the artic economic council. thank you for your time, sir. thank you for having me. good thing. he, when kat thought microsoft has partnered with the ministry of transport and 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 katara as a digital innovation hub in line with its national vision 2030 expected to ad $18000000000.00 to the economy in the next 5 years. it will also create 24000 new jobs and we skill 15000 people every year for future positions. the data center establishes capital at home to one of the largest cloud infrastructures in the world, serving more than 20000000 businesses. i was, there is
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a summer been to evade 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 cast a needs a data center and how it will be beneficial. well, very happy to have our 1st data center over here. partnering with microsoft. we believe in the ministry of the data center is one of the building blocks that fosters the ikea development and country and accelerate a digital transformation that we are. we in the city as well as a country general heading to so we, we think the data center will bring a lot of benefits for both for the public sector in terms of accelerating. they used to have the transformation which in turn to bring
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a better efficiency, better services to the public, as well as the private sector and investing and ecosystem around the data system. so basically the data center on its own as a starting point, allow either companies with local companies to innovate, as well as to foreign investment and countries 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, probably 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 and the public. so for that
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way we and the ministry, we have a reduce and me this year, a framework, a cloud security framework. so that protects the kind of data and we actually end up process. so, so did you think i did yesterday, issues and policies to ensure all of this the private information is kept secured and deco whenever we think about data, we think about security. how secure is microsoft network and why should people trust it? 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 $20000000000.00 and we have an investment of more than $20000000000.00 on cyber security for the next 5 years. we have more than 100 global certification on
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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 of the see we also want to comply with the look and policies and those. and this is why we also are the only cloud provider today that we have acquired that. 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 computers need to be pulled down. so why juice cutter and isn't that going to be detrimental for the environment and very cost heavy microsoft data centers. i've been on the highest standards of sustainability in any countries in the world. so definitely our data centers and cut will achieve what everyone 93 percent more energy efficiency and more 9 to 8 percent more carbon than any other tradition. now
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you're telling me that it is going to be more sustainable to have an interest in other rather than having somebody in europe or can do a sustainable it be a standard. you can open an activity. and we're also taking some more measures on ability that you will hear about utilizing many of them that's got that has a discussion vitamin. so definitely every country has sometimes when some has owner has done some others, but everybody and every country can contribute to sustain ability and will be able to design a sustainable dr. sunset in any country. and that is, so for this we get in touch with our buy twisty, meet at money site, and use the hash tag a j c t the,
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when you do or dealt with an email counting the call at out there at dot net is address movie online on al jazeera dot com slash ccc got a website that will take you straight to the page which has individual report links and then i asked you to catch up on that fit for this edition of counseling costs. i'm mulling from the whole team. thanks for joining us. the nice on out there is a in the year 1271, a young battalion legend set out on an extraordinary journey. carrying letters from the pope for the great coupla. com marco polo traveled through wardrobe, legions, following dangerous roads from the holy land and beyond. to day. taking the shuttle . professor shao has travelled from china to venice with searching questions of how
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the relationship between east and west has changed. marco po, now on al jazeera, for scientists. the evidence is the refutable with america's climate change deniers stubbornly mistrust of the fact. despite soaring temperatures, raging wild fires and shrinking water reserves, the world's largest economy, it's still split along ideological lines. so can it ever reach consensus to avoid catastrophe? climate wars are 2 on a jazeera ah do we do not launch until we think it's right now.

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