tv News Al Jazeera September 26, 2022 10:00am-10:31am AST
10:00 am
offer democratic republic, congo, sang some larvae, shall some useful shouts. i would hope just coming into that eastern side of towns near kenya, seeing some on shore showers as well, whether they are to southern parts of south africa with rain too, for the eastern cape. ah well, and he semitism is an eagle under a labor government. it will not be tolerated in any form. what so ever beneath the surface lies the darker side in british politics, the labour files hot tim on al jazeera ah, the british pound hits an old time now against a dollar raising concerns in the market about the u. case. biggest tax cut in half a century.
10:01 am
ah. carriage wants to mrs. out, is there a life and don't also coming up? italy's far right leader, georgia maloney promises a government for all after the initial results of sundays, general election predict a clear majority for her right when coalition typhoon north triggers flash floods and knocks soft power in the northern philippines. and it's been 8 years since the disappearance of 43 students in mexico with very revelations, meaning the military and the police. and that's what the people who are camped here outside of the old attorney general's building. together with these posters of the disappeared students are hoping will be different. this time there will be a real, a time to get justice. ah,
10:02 am
the british pound has tank to it's all time. know against the us dollar before partly recovering, it plunged at nearly 5 percent as markets opened in asia on monday. the dive comes as concerns grow of the u. k. c. money after its new government unveiled big tax cuts. investors have been spooked by the huge amount of money and the government is borrowing to fund that package. let's go live to without others london, stock exchange. neither barker joins us from there. so need this looks very much like a massive economic gamble. what's the real effect of this going to be yeah, across the board, i think economists and politicians are from the opposition. most certainly do regard this as a, as a gamble. and if, if the, the figures that we're seeing at the asian markets ready to go by, we're expecting another extremely turbulent day here in london. when it comes to the currency markets over nights the pound against the dollar fell to $1.03. that's
10:03 am
an extreme below the lowest in the 37 years since the early 19 eighties. i can see now that it stabilize at around one point, sir. 6 against the dollar at the moment. so it is going up slightly. but all of this, of course, means that the prospect of piracy between the dollar and the pound grows ever closer. and that would be an absolute shaka, for sterling or internationally. all of that, when it comes to the money in people's pockets. here the united kingdom means that the value slips, that means that they're spending power reduces all of that indicator, a huge, a lack of confidence. and the british economy in the wake of the government's announcement. so last week, let's not forget the inflation here in the u. k is already hovering around 10 percent. it has been like that the last couple of months so, so meaning i, it's been deeply affected by supply chain issues off the back of the war in ukraine and of everything from fuel and flour. costs going up through the roof. a consumers
10:04 am
are deeply worried about they said deeply concerns that that money simply won't go far enough. in response, the bank of england, which acts independently of the government as increased interest rates to dampen the rising cost to dampen inflation. but that, of course, means boring in return, it's more expensive. and this of course, is that exact moment when the british government is hoping to ramp up, it's boring to pay all of these tax cuts in the 1st place. so an awful lot of confusion over what the government's underlying strategy is going forward, anita, with all those worries. i mean, will there be any political costs tool this yeah, that's a big question, isn't it? well, the government really, really strongly believe that i have kick started a new economic, new fiscal era. after many, many years of incremental tax rise is what this government has done is
10:05 am
a complete departure of what previous conservative administrations have done. we've had of course years rest verity that of many people have wanted to hold on to that cash for. what is government trying to do is to simulate economic growth by slashing taxes, allowing people to keep more of their own money in their pockets by covering those tax cuts through ramping up boring as a mentioned. and they and that amounts to literally tens of millions of dollars worth of borrowing. the question is, the tax cuts that were introduced to really raise eyebrows. they are taxed cups that across the board tend to benefit significantly higher earners. another tax cut, the benefits multiple eggs loan is, for instance, is attack on a tax account on something called a stamp duty. a many in the opposition believe that was simply allow people who already own one or 2 houses to simply add more money in their pockets to buy others
10:06 am
as well. so the opposition labor party say this is to simply an economic movement and economic decision designed to make the rich richer that this doesn't benefit everybody across the board. and it's that confusion that lack of confidence that we're now seeing echoed in the financial markets as well. need walker in london. thank you for that. let's get some more perspective on this now with pan turn, he's the chief at market analyst at exinity group. he joins us via skype, from abu dhabi, thanks for being on the program. so in your opinion, why our investors so spooked at the moment with all this in, in so beyond the bank of england and a parents reluctance last week to keep pace with its more aggressive central banking peers. you know, tell the bank of in then only when with a 50 basis going hike wells like the lights on. the said i haven't gone by 75 basis points. so then you shift your attention to the fiscal aside,
10:07 am
the government's side, whereby these tax cuts really highlight the growing twin deficit for the u. k. economy. so i think overall there is little to show up confidence in not just the pound by u. k. assets, hands this studying declined, it was seen over the past couple of treating sessions, and you mentioned the bank of england them in does this undermine the bank of england attempts to control inflation anyway? the short answer is yes. the phrasing that we use for clients is wanting was that it runs counter to exactly what the bank of england is trying to do. the idea for those bank of england rate hikes is to again try to destroy some of that demand in order to rein in inflationary pressures. as we heard earlier on, the program was already hovering around those double digit levels. then now you have the incoming administration or this new administration actually looking to support and shore up and boost demand levels,
10:08 am
which ultimately as economic sat textbooks with tao, this would fan the very inflationary pressures that the bank of england is trying to quell. right? so i think until that fundamental head lot, so to speak between what the fiscal side is doing and a central bank is trying to do. i think once that equation is resolved, then i'll never get more clarity on where the u. k. economy and a u. k. assets i headed, given what you say, then all their fans that this is basically massively unfunded tax cuts. a indeed. and then were there the unfunded aspect to it, i think is what's spooking the market 0 again to keep in mind even entering into or even before the announcement as there had been already concerns about the twin deficit that the u. k. is facing right now. so if that whole. ringback only grows larger, i mean, unless things actually pan out the way the u. k. government actually intends to.
10:09 am
although what you see right now is there's a healthy amount of skepticism about how they think it will turn out how the government things are pan out versus how markets i think your pan out. so i think jet is the glaring whole that my kids i really struggle struggling to grapple with right now. okay, we'll leave it there. hand, turn that the exigency group. thanks for joining us. thanks. i have a me. oh, italy appears to be on course for its 1st far right, prime minister since the 2nd world war right when coalition lead by george maloney is projected to take a majority of seats in parliament or turn out was at a record low at just 64 percent stephanie decor reports from rome. ah, as predicted, the night went to the right. george maloney wasted no time in addressing her supporters and italy with when this night is over,
10:10 am
we will remember that this is a new beginning from tomorrow on. we will have to show what our values are worse if we are called to govern and lead this nation. we will do it for every single italian with the goal to unite these people. because our biggest goal in life is to make sure that italians are finally proud again to fly our flag high. pulls opened at 7 a. m, all in all 16 hours of voting. there's been a steady stream of people coming to vote throughout the day despite the rain and even though most people are not telling us who they voted for, what is clear is that opinions are very strong on both sides. i mean, we'll do it sooner. i'm facing because it's a g t and a writes that we finally can express. we don't have many rights left. so i will vote in the hope that italy will come out of this swamp, which we are stuck. i'm hoping for change for a really big change because we really need it. i thought i'm terrified that there
10:11 am
will be changes because what's happening is really an earthquake in my opinion. it's been a divisive election, not only raising questions of what will change inside italy, but how italy will present itself abroad. the main challenge of angela ford maloney as by many so would, would be to be accepted by the main european countries as a credible and reliable partner. otherwise, if things will go wrong or if maloney were pushed to ard on her for either agenda, whether might be of course, very soon of some promise for italian political stability, italian economy, and as well. yeah, really? she really, you might be traveling. there will be weeks for political consultations and appointments before the italian president sergio matter. ela appoints a prime minister but that seems to be all but a formality. georgia maloney is set to be italy's 1st fema prime minister. the question then, what will her italy look like?
10:12 am
stephanie decker, al jazeera rome of an area. borden arrow is a political analyst. he explains how victory fought maloney and her right wing coalition shows that support for anti establishment parties has grown over the years. we can see that from 2011, 2000 and. 8 the beginning of the financial crisis, and then into colvin. and now the war again go the war in russia. ukraine. ethan is developing not the system moves that changes from time to time that we can see that in 2013 it was the hyper movement was interpreting days and then it was the legal saline and now was georgia. maloney, we can really see a non to system movement doesn't trust establishment as a sort of connection with the people that really doesn't get anymore. so it just
10:13 am
maloney is totally in this flow. is the flow that starts with the 5 star movement. then the legal and then georgia, key establishment movement. i think the collision will survive as georgia mate, only in the way, biggest power in the pollution. and we will see what's going to happen in the european arena because there is a part of the european but it's of the p p. that is for say, thought is it, can you guarantee for you to be in a lion? lies that the talent government is still reliable and gender maloney is a reliable partner. and this is something that we will see in the names of the government. the major will be the minister of finance will be the minister for an affair. what will be the minister for european affairs? these are crucial moments that we will see in the next days. at least 5 rescue workers have been killed in the philippines off the super typhoon noro. hittites,
10:14 am
northern regions, is cause widespread flooding in some areas. thousands of people sheltering and evacuation centers was now being downgraded to regulate typhoon. there's no electricity in large parts of the country, forcing local officials to suspend school classes and work in the government. offices wannabe reports from that philippines, capital money that where flood waters have now subsided. so we're in a small village in a manila suburb. and this area is considered a river basin just next to the street. is the river. and last night, during the onslaught of super typhoon normal, the river did spill over. and so the flood water here they told me, was waist deep to about the height of a small person. but that's not out of the ordinary here again because they're beside the river. so whenever there is a storm, there's flooding here. and actually the expected words from
10:15 am
a category 5 storm bought that did not happen as it is. he there batted out to living their normal lives. they're cleaning up their back in their homes. the floods subsided pretty quickly and this is really the extent of the damage the aftermath of super type lenore roof on the philippine capital. much of the damage is in the island of polio, and in the provinces of aurora had castle on where super typhoon only made 2 land falls. and just as quickly as it intensified into a super typhoon, it was downgraded to a typhoon, as it was sweeping through the main island, the verizon. now it is out of the philippine lad mass out on the sea, on the way to vietnam. i said i had her now to sarah, as for ukraine in regions enter for stay referendum voting russians continued, protest against it, present hooton's, partial mitchum, a bronze ation. venezuelan embassy in columbia remains a burnt out wreck,
10:16 am
but relations between the neighbors have taken a step towards normalizing. ah hello, well a hurricane or what was hurricane fiona has now swept across at east side of canada as the strongest storm to hit canada on a rack or so that was really quite impressive. but just like to point out the northerly track of the storm. so moving in a normally direction, big suddenly push on those winds. things quietly down over the next couple days, a few showers just coming back in behind. now the effect of that normally track is engage with the jet stream and around the top of the jet stream that amplifies the weather systems out in the atlanta. so they say high pressure that gets amplified.
10:17 am
and then we get a keen normally down the cold side of the storm. and that is making his way towards the brit charles and the island of ireland. so really will fill note to be fresher as we go on through the next couple days. monday, temperature in london, entity paris, struggling to get around 15 degrees celsius. some rain, they're coming into central parts of france through the low countries across germany. sinking further south was readily tended to snow. i with the out lively storms down to was at central side of europe, which was east as well. and if anything, it'll be called the still on tuesday, across the north west of europe, some showers wrapping the way down across the good part of france. los, you drive from much of spain, but shower to the north. ah, assessments. if the united states felt that you're running a good program was there to build a nuclear weapon. they would assign to view by informed opinions. i believe that
10:18 am
armenia and as of agenda should have bilateral negotiations. we've been holding that for many times. critical debate is the commonwealth now still something that king chose. we'll take off in depth analysis of the data global headlines inside story on al jazeera. oh, the me without just reminder about top stories this time the pound has fallen to a record know against the us dollar fridays announcement of historic tax cuts for the u. k. government, its last 5 percent of its value as markets opened in asia on monday. it appears to be on course for its 1st fall, right, prime minister since world war 2. right?
10:19 am
when coalition that by georgia, maloney projected to take a majority of seats and i can have the most likely candidate to leave the country. at least 5 people have been killed in the philippines, off the hifi, north northern region, causing widespread flooding. thousands of people have fled and the power is out in large parts of the country. the u. s. has warned russia that using nuclear weapons and ukraine would have catastrophic consequences. that's off the russian foreign minister pledged regions annexed in separate referendums in ukraine, would have moscow's full protection. the votes of being held in for ukrainian regions occupied by russian forces. kiff and it's western allies say the referendums are a sham that will never be recognized. protests against president vladimir hooton's, partial military liberalization, order, have continued across russia. doug, it's done more than $100.00 people blocked the highway. police try to break up the
10:20 am
process by farming warning shots into the us vice president kamala harrison that traveled to japan and south korea. i live us, you can clarity from the u. s. on whether it will send troops to taiwan to help defend it against china, which could have a knock on effect in the region. she will start in the japanese capital, toko, for the state funeral of former prime minister. she said, i think he was assassinated in july. let's speak now to robert mcbride, who's in tokyo? robert, tell us more about what's expected from the vice president visit. yeah, this is probably comma la harris is probably the most important representative from a g 7 country to take part to attend the state funeral. a part of course from fermi . casita himself, the japanese prime minister, who's been instrumental in making this controversial state funeral happen. harris
10:21 am
and we can see that we'll be having a bilateral meeting. i think it emphasizes the importance of the us japan relationship, but also the significance of shins. i've a in forging close to ties across the pacific. he was seen as very much a conservative, a friend of america, boosting not only economic ties, but also diplomatic and military ties, as well as a counter if you will, to the growing influence. for example, of china in this part of the world. so apart from comma, la harris, we are seeing other dignitaries are all arriving in tokyo, monday for the preparation of this funeral. taking place tuesday, including other allies such as the prime ministers of australia and india. which of course, are they to other countries in the so called quad security group and talk you have security that is a lot in tokyo, the area where this state funeral will take place will be completely sealed off a lot of the heavy police presence because of course we are expecting heavy protests to also take place. and with those preparations, rob,
10:22 am
this funeral has already joined criticism for the amount of money it's costing to stage it as it was it is very unusual. you have to go back, i think in 1967 to see the last time that a state funeral was held for a prime minister here in tokyo. and it has the misfortune of taking place exactly a week after the funeral. of course of queen elizabeth the 2nd in london. so comparisons have been made and they are not very flattering. for example, while there are many dignitaries here and there is nothing like the guest list of hundreds of heads of state that attended in london. and people here are questing. why is this funeral just as expensive or in some cases boar, expensive, according to some estimates than the funeral for queen elizabeth the 2nd. so it is controversial and bay himself was a controversial figure. he was probably one of the most consequential prime ministers since the 2nd world war for japan and,
10:23 am
and basically shaping malden japan the way it is now. but he was a very conservative figure, who was very intent on trying to bolster japan's position in the world. is sending troops overseas, etc, which is very controversial for many people here with many people questioning why he should be given this honor at all. japan prepared to say good bye to its longest serving prime minister sions ave, with a lavish send off. that's the source of growing control oversee instead of morning, many have been protesting with much of their ann good directed at the current prime minister, whom jo casita agent should clearly show the stands of continued albert's policies . and his forcing it on the nation. coming from a political, dennis de, it seemed natural at 1st that such a distinguished life should be celebrated with a state funeral. but the problems began soon after his assassination at
10:24 am
a political rally in july, when it emerged the suspect bore a grudge against ave, for his linked to the unification church. which the man blamed for making his mother bankrupt, widely known as the moonies and associated with organizing mass weddings. the unification church has long been regarded by some as a dangerous cult that pressures its followers into making exorbitant donations. it was founded in south korea in the 1950s, but has been expanding its influence here in japan for decades. this with ave, giving a recorded address to a big gathering of the church a year ago. i mean, it was then revealed the organization had other links with japan's ruling party. why does you know the members of my cabinet have place to examine their own relationship with the organization and cut all ties with it? that in turn has led to charges of persecution by the church, which claims 3000000 members. this was
10:25 am
a protest rally held in soul. he got no stop, human rights repression, stop distortion, reporting religious repression. the roiling controversy is far from the kind of respectful and reflective atmosphere. japan's embattled prime minister had hoped to the state funeral, and we've seen kishi the plummet in the poll. i mean, he's dropped 20 point, you know, and you know, his negative now exceed his positives. about 2 to one people are against shins though. ave, an extremely influential but divisive figure in life. so proving it seems in death . rub, mcbride, al jazeera, tokyo, columbia, and venezuela will reopen their borders on monday, resuming cargo transport and passenger flights. after a year long closure, a song around p at he reports from baketer. venezuela's main consulate in columbus
10:26 am
. capital bogota, lies in ruins. an accidental fire in april. burn much of it. its walls covered anger. 50 and overgrown weeds. it's a tangible symbol of a relationship gone sour since 2019. i'll dig that order. when columbus former president steven lucas refused to recognise nicholas my daughter as the president of venezuela after elections lucas head were fraudulent. but all that has changed with the election of columbia's 1st letter, this president, wisdom of pedro, who promised to restore relations last month, maduro enthusiastically received columbia's newly appointed ambassador a meeting big laughs in hugs. the columbian in voice as the neighbors should never have parted ways. it'll be shared back in her magazine. there are some 5000000 colombian citizens that have been totally abandoned for years without possibility to renew a passport, an id. it was just stupid and inhumane. whatever the differences,
10:27 am
it doesn't make sense to have no communication. the 2 countries have since announced a full reopening of their poorest 2000 kilometers long border for trade, and called for the resumption of military collaboration in a region over run by criminal groups. but the spice of many pledges in both full announcements, restoring full diplomatic relations. it's easier said than done the 2 countries remain deeply suspicious of one another today. ok, i think it will be a much more complex and long process to what people think. the 2 countries have the per symmetries or if you look at trade, but it's weighted industry is in shambles with the material regime. the most important things to show that they're not as isolated as they were employed while columbia had a lot to gain economically, but wants to avoid being seen as closing up to a less than democratic government with the arrival of any sweat on them. bassett, or in columbia was a noticeable,
10:28 am
muted affair. and the countries have so far avoided addressing venezuela's ongoing political crisis, and the faith of the more than 2500000 refugees in columbia. but i left the agenda, makes no mention of security of migration of consulate services. venezuela's ambassador presidency has long deny the existence of a migratory crisis. but now that he's in bogota, he inevitably will have to recognize it and address it. but even with its many fits and starts the fact that the 2 neighbors are talking again is welcome news for millions of colombians and venezuela on both sides of the border. they've been in limbo for years. but now believe there's hope for a more stable future. allison and with that vote subbing counted in cuba after lunch referendum that could legalize same sex marriages and adoption. the proposed changes will also allow surrogate pregnancies and give more rights to non biological parents. i sense miguel,
10:29 am
the as can no says the changes are necessary to guarantee the rights of all families. a monday marks 8 years since 43 students were kidnapped in mexico. their parents and human rights activists have been campaigning for justice ever since john home and reports from mexico city. ah, it's a case that for the last 8 years is reverberated across mexico on a rainy night in the country, southwest, fully 3 students were hulu buses. taken away and never seen a guy with this man, then attorney general said a gang killed them in league with local police. he called that the historical truth yonder. it wasn't. startling regularities was soon found in the investigation. top . officials suspected of involvement remained untouched mexican. impunity that apparently struck again. the student's parents and tens of thousands of others marched outraged with the case to went nowhere. now was the anniversary of the
10:30 am
disappearance. his comes around again. things seemed to finally be moving little 20 for the 1st time this past august. the government back truth commission said this was a crime of the state with military police and government officials, all involved in the disappearances. benito, the ex attorney general, zeus murray, your crime was arrested, put in prison, miss waiting tro. those complaining for justice hope it's just the start. was your 90 of albany. well, he's a high level official, but in the end we know who was responsible for this, which in this case was former president enrique pin anita opinion. it was not been charged, but his administration's been accused by investigators of a cover up then this month for former army general was arrested, met cuz human rights under secretary said that he allegedly overseas, the killing and disappearance of the bodies of sick students with the needle last huge, the armies long thought to have been involved in the crime, but before it seemed untouchable.
52 Views
Uploaded by TV Archive on