ah, ah great coin. it's an international electronic crypto currency used across the globe . it's, it's the best part is exist on the planet. but few know how it's made. it's role in the criminal underworld. it's rise to legal tender. it's implications for the global financial system. and the devastating carbon footprint it leaves behind its energy consumption is such a massive step backward. people and power investigates crypto on al jazeera ah

stock warnings from the i m f about the global economy and inflation and full costs . the poor nations will suffer more in a downturn. we'll hear from all correspondents around the world. ah, hello, i'm on the inside. this is out there life and also coming up more than 500 people dead. so fine. nigeria is worth flogs in a decade and a desperate situation for those forced from their homes. the u. s. house. select committee investigating last year. capitol hill? riot orders. only u. s. president donald trump, to testify. a lengthy legal battle is expected and gaza rolls out the red carpet, the 6th annual human rights, short film festival with a host of nations taking part to find these rarely blockade.

ah, hello and welcome inflation threatens to become a runaway train. that is the warning from the international monetary fund as the global economy is hit by one shock after another. the head of the i'm f says the risk of global recession is at 25 percent. africa is in the most precarious situation with many low income countries hit by high food shortages and extreme poverty. the war and ukraine has brought food insecurity far and wide with 48 countries severely affected. and in the middle east, economic growth is projected to slow from 5 percent to 3, and 6 percent. inflation is also expected to remain at more than 14 percent next year. in latin america, in the caribbean, we're projecting to see slow growth than previously thought with the i'm f

predicting 1.7 percent and growth in north america's tip to slow to the i. m f says there will be just one percent growth in the u. s. in 2023 and 1.5 percent in canada. we cannot, we cannot possibly allow inflation to become a runaway train bed for growth and bed for people. but, but especially for poor would be for poor people. alan fish as more on the story from washington dc crystelina georgina is aware of the impact that high inflation is having on every one. and she says that governments really do have to do more to try and help the poorest. this isn't some abstract economic theory. this is being experienced by everyone if they go along to the shop, just to buy some food to feed their family. and she says that of governments and financial institutions are going to help than the help has to be targeted to those

who are struggling. the most, she says that essentially inflation is a taxation on the poorest in society. she's also aware that when that are financial issues, there can be political issues. and that has led to critics to wonder whether the international monetary fund and the world bank is fit for purpose in negotiating its way through this crisis. whether capitalism should continue to be the driver of what is happening with global economies. well, that is a point i put to a senior figure in the world bank when you have these types of multiple crisis. oh dear, is this natural tendency to think about whether there is need for a revolution or a. it is another evolutionary point of view. think about the world bank and international wanted of font. they had been around for nearly 80 years. these institutions have evolved with the evolution of the global economy and they will continue revolving and less, don't forget,

these are institutions. vit shareholders. they respond to their shareholders who are the shareholders, the global community. of course we will respond to the demands. we will adjust our work programs accordingly. and we will do our best to respond to these multiple crisis says the i m f in the all banker meeting. here, there is a confluence of events which they have to worry about. first of all is inflation then that a climate crisis in various places around the world such as the floods and pakistan the floods even here in the and i, it states. and then there is the war in ukraine which is causing financial instability. but also has an impact on the food supply chain around the world. no. according to the i am, if 48 countries are facing food insecurity. that's 325000000 people most keenly felt in areas like the horn of africa. on the so hill, and there is a worry that some families won't be able to feed themselves unless that situation

is addressed pretty rapidly by the global financial power houses. as we know, what happens in china has a big impact on the west. as the wells economy is sluggish, and growth will be the sharp focus at china's willing communist party congress. patrick fuck reports from beijing. this was another stark warning about the mounting challenge. china's economy face is coming right ahead of its biggest political event in decades. the i m f said that after posting near 0 growth in the 2nd quarter, growth in the world's 2nd largest economy would recover in the 2nd half and hit 3.2 percent. so for 2022 and 4.4 percent in 2023. but that was based on the prediction that there'd be a gradual loosening of coven 19 curbs, and a moderate pick up in public investment. but there is still no clear sign on how

exactly policy makers intend to map china out of its curve at 19 crisis. and there are growing warnings about the scale of it's a property crisis in the potential knock on effects. it could have the i'm f did say though that inflation had not risen as sharply and china as it had done elsewhere. and there was still policy space to play with. but all eyes will be on the communist party congress kicking off on sunday for clues on how policy makers intend to tackle the weak economy. the, on the fears, inflation is running out of control. in argentina, it's feared the inflation rate could hit a 100 percent. this year to reserve by reports from when is aries, latin america economies are struggling to recover from 2 consecutive shocks, the endemic and then the impact of the war in ukraine. i know they're struggling to cope with a tightening of global financial conditions on one. most countries in the region are slowly showing some signs of recovery. countries like argentina right now we're

struggling with very high inflation lays to speak or show that argentina will have around 7 percent inflation rate a month. it could reach around 100 percent inflation this year. this man, for example, hugo, he's 58 years old. he's a pensioner and he forced to sell this stock on the street to be able to make a living. so inflation is having a huge impact on people's lives here on the government until now had been unable to come up with a plan. there's big differences between president data fernandez and his vice president, christina fernandez, the kirschner. and even though argentina managed to reach an agreement with the international monetary fund and post co payment, there's still a crisis of its international research. there's simply not enough dollars, right now argentine is implementing exchange rate controls. there's around 14 different types of exchange rates. the latest one is known as the dollar cap tower,

which is the exchange rate that is implemented for those who are traveling over see the minister of economy right now is in washington dc, meeting with international organizations, trying to get some type of financing for b. this countries we serve, it's not easy. argentina has had a history of economic collapse so we cannot make disasters there. there's not lots of trust out there in order to try to help this country recover. and of course, this whole situation generates lots of tension with the business sector, but also on the street we're seeing test happening here almost every day with people struggling to make a living to make it until the end of the month. mostly because of the fire, very high inflation rate, and this of course, has a huge impact on the president. so popularity the i m f has chastised the u. k. government off to its financial plans, triggered chaos on the markets, and many budget reveal last months and the value of the british pound to all time

lows. the bank of england has been forced to buy back government bonds to stabilize that price. now m f is calling for coherent and consistent policies. the british schanzer has defended the government's decisions that there was some turbulence, i frankly picked it up, okay, the all to the really boot where i'm sitting here talking about the global challenges. everybody is focused on inflation, everybody's affected by a potential interest rate rises, everybody's affected by the energy price spikes, which have been exacerbated by putin's illegal war in ukraine. so everybody across the global financial community is really focusing on the same problems. higher prices are soaring in india as well. rising inflation is making life difficult as people spend more on daily necessities. here is the story of a single mother who's finding it a challenge to make ends meet. mit until may ever. my name is tom evans. i work at the front desk of a private company. i have 2 sons,

one works and the other goes to college. her job does the be that the vegetables are used to buy for $0.12 now cost more than double bond earlier. the cost of 5 kilograms of flower was $1.00, and now it costs $2.00. the price of a gas cylinder is now $13.00. every item in the house has become more expensive, although i'll only get i have, i pay more to travel to the office on the metro earlier it cost me $0.12, but now it costs over $0.20. the price of traveling in an alter ritual has also gone up. when the kids were younger, i spent less on their school fees, but now they're growing. so their costs. it is difficult to meet their expenses. now i have to pay more for their clothes, school fees and tuition fees. so i don't always are keeping up with monthly medical bills has become very hard. doctors are now charging at least $6.00 for consultation. earlier they charged less, even medicine costs

a lot more now. every one in india is having a hard time because of inflation and rising prices and things which have basic essentials of very expensive. now, the government can prevent prices from going up. prices for basic needs like flour, milk, and the school bus fees should be kept in check if the government low as the price is for some of these necessities, it will help better manage al monthly bills. implies have nigerians forced to move by floods is becoming increasingly desperate. more than 500 people have been killed around 90 of them in just one boat accident in a number of state. many families are still waiting for news of their loved ones. i meant to just reports ah, here in weary conditions for the displaced are getting desperate. with just 2 hours to sunset. food is served in this camp that we shall see now accommodate. hundreds of people. missed food. yeah. it's not, they're not,

we're not. we're about 3000 people that is here. 1000 cuba on this. listen, i knew about it from time to other to was. she says they haven't received an or leave supplies from government. this is floods of ravaged at least 27 of nitrous 36 state destroying lives, crops and horns and ridges like a number of issues here. tell us that hundreds of thousands of people in several communities are still out of rich. nothing has been heard from some of them in nearly a week, and the passengers off a boat that capsized a week ago killing about 9 to people while fleeing their submerged communities. in sight of health. emergency agencies had warned of destructive floods this year. but the level of government preparedness was poor, saw to was people's response to evacuation warnings that has left victims like each entity wondering what the future holds. alabama,

my gym are one time mid. there's nothing to go back to if my house is left standing, my animals crops, everything is gone for my kid, you know, with i number is one of the worst defective states. officials say the dent decides have been there yet. the federal government has failed to act. cameroon. once about this, i saw we law that every 23 years, this happens, demerell will open up the dam. and then he comes here and wipes off everything. i mean it gonna get to a point where the, what i walk, i'm an infallible entire country. nigerian official say humanitarian supplies have been distributed nationwide. but that is little comfort for hundreds of thousands who are yet to receive any help from government at any level. how many degrees al jazeera or torture? still ahead on al jazeera and he man in the hot seat. iran collects the president

off to mom's deadlock and we meet a member of the american football team playing at the st. child. well, come here in cat. ah, anticipation is rising and so with sponsored my cattle anyways. here's your weather update for asia. thank you so much for joining in. so there's monsoon rains in india continue to clear north to south as we would expect this some of the year. can see the action around west bengal, entrepreneur dash, but especially that western side of india from ma, harass drive into careless state on friday. no over the last few days, the central areas of vietnam, almost a meter of rain. and here we go again as another system approaches that's going to spread some significant rain for places like denying with a $127.00 degrees. so the ground already saturated. the very real risk of seen some

flooding here. high temperature is still in the forecast southern china, hong kong at 30 degrees. same goes for gray lane, that's above average with a hug. twice. have degrees in the sun on friday. things are starting to dry off across japan. but those winds are really ramping up out of the north, around tokyo, wind gusts, potentially up to 80 kilometers per hour. let's go back to southeast asian. we can see most of the energy is being drawn up around this disturbance in indo china. but really up and down sumatra, we will have some bouts of heavier brain was a foggy night, the other night in the hordes that's under the year 32 degrees. we've lost the sea breeze in karachi. so your temperature 38 or 39 on friday, the weather sponsored by a cattle, there was robert is going blind from a rare genetic disorder. oh, as to son beholds the beauty of the world for the 1st time. robert maybe seen it

for the last. oh, but has this genetic disorder been passed on to his son? witness a sky without stars. oh, now to sierra. ah oh. well, going back, you're watching out, is there a reminder of our top stories? the sour, inflation threatened to become a runaway train. that is, the warning from the head of the international monetary fund is the global economies hit by one show, go to another head of the i'm f says the risk of global recession is at 25 percent . and the m. f has chastised the u. k. government off to its financial plans

triggered chaos in the markets, a many budget last month at the value of the british pound old time or than $500.00 people have died in nigeria, west floods in a decade. and usually heavy rains lead to the destruction of tens of thousands of arms b, u ends. yemen and voice is cooling on warring parties to renew their cease fire hands. greenberg blamed the rebels for the failure to extend. the truce has been a decrease in violence before the april cease fi deal lapsed earlier this month. the un once offensive military operation stopped blockades lifted, and detainees released does not have a choice before them. they can choose to preserve and build on the true sensate, the path towards peace as it is expected from them by the population.

otherwise, the returns of war would mean renewed, an increasing suffering for the civilian population. iraq's parliament has finally elected a new precedence. the appointment of 78 year old kurdish politician abdullatif rashid ends months of political deadlock and heightened instability. just before he was selected walk, it's landed in bagdad green zone. same bas ravi reports from baghdad. as iraqi politicians meant to choose, a new president and prime minister multiple rockets landed in central dog, several near government buildings including parliament. one striking the roof of a mosque just outside the greens of a session of parliament without some kind of violence. iraqis say might seem incomplete of what we saw the rockies hayes were accustomed to it, it happened is over. no people are back to normal life. i have never. 6 never. 6 not far from parliament life carried on of yahoo has been selling

t on the streets of book for 47 years. for him, the session means blocked roads, and more time to get to work. and missing even one day means not making the rent. i mean, i was out of town. the whole situation is exhausting. everything is exhausting because of the government. every new government is exhausting. i don't think new late is will be of any use months of political deadlock street funds, economic decline. iraqis are losing faith in all their political leaders. no, no, a new government will not change anything because all of them are fees. since 2003 have done any good. they did nothing, only divided wealth between themselves. i don't trust them and i never will. in both does market concerns are much more practical shopkeepers trying to run business is parents trying to buy to buy people we've been speaking to say the same

thing. the political instability is something that they are tired of because all it is doing is disrupting their daily life. the business of government in both dod makes bad traffic much worse. hey, there spends 4 hours a day on the road and sees his country going backwards to bring your rockies together. he says politicians and need to give young people what they want to know more the civil war for the civil iraqis need safety and jobs. give them jobs, this is what they want. you. rockies love happiness. they love football. they love to travel. they mean no on any harm. we don't want to 100 percent perfect life. we just want like 60 percent to live a normal life. the divisions run, but it rockies are united by a broken economy. political conflict blocking the road to repairing it,

saying basra, the ulta, 0, fucked off. they've been violent confrontation between protesters and police, and 2 john's capital call to rob police fight, tig asked and boost canons to dispatch the crowds. some protesters through stones is the latest in a long string of rallies against last year's military cou. security forces have killed at least 117 demonstrators since then, and detained hundreds at least 5 people have been killed in an explosion in northern molly. a bus was hit my bomb planted on the road between the capital bama co and the town of cora. several people aren't being treated in hospital. molly's military has been fighting armed groups in the region for years. a jury in the us state of florida has recommended life in prison without parole for beat parkland school shooter. nicholas cruz admitted kenning, 14 stevenson,

3 staff in 2018. it is the deadliest my shooting to reach jerry trial in the us. i'm disgusted with our legal system. i'm disgusted with those jurors. i'm disgusted with the system that you can allow 17 dead and 17 others shot and wounded and not give the death penalty. what do we have? the death penalty for was the purpose of it. you said a precedent today. you said a present for the next mass killing and nothing happens to you. you'll get life in jail. i'm sorry. that is not okay. as a country, we need to stand up and say that's not ok. the u. s. house select committee, investigating last year's storming of capitol hill has voted to subpoena, former

u. s. president donald trump to testify. trump has never before been forced to give evidence before congress, not even during his to impeachment trials. how to j. castro reports. those in favor will say i, i, the vote was unanimous to subpoena or illegally compelled, former u. s. president donald trump, to testify before congress about his failed attempt to overturn the 2020 election member deborah an his alleged role in inciting a riot at the u. s capital in the name of remaining in power. we are obligated to seek answers directly from the man who set this all in motion. this is a course from about a con ability to the american people. he must be accountable. he is required to answer for his action, for trump has called the investigation a partisan hoax,

and is expected to appeal the subpoena, the beginning of a long legal battle in response to thursdays vote. trump ridiculed the committee, calling it a bust, and again falsely alleging massive voter fraud in the 2020 election. the vote a subpoena, trump was her surprise ending to a string of public hearings held by a democrat lead committee that has been trying to hold trump accountable for his role. in january 6 attack committee members say trump was at the center of a premeditated plan to clean the power, which directly led to violence on capitol hill. my area of movie baldwin was dramatic. new video released thursday showed lawmakers evacuating as riders breached the capital. who has a, as the mob called for her demise. how speaker nancy pelosi and other congressional leaders try to coordinate a security response. it's just for renders and all against the game of the

president of the united states. while trump watched and did nothing according to witnesses, why don't you get the president to tell them to leave the capital minister, attorney general, and your low enforcement responsibility the, the violence led to several death. nearly a 1000 riders have been charged and doesn't sentence to prison time. trump has not been charged. the congressional panel must decide whether to make a criminal referral against him and it's working under a deadline. americans will decide next month, which party controls congress. if republicans take back the house, they'll likely shut down the trump investigation immediately. the committee stanza jones, heidi joe castro al jazeera washington, cause a center for culture and arts is rolling out the red carpet for this 6th ano, human rights, short film festival. $43.00 movies would be screen this year onto the theme. see us

him now site has moved from the festival. this might not be anything like the cam film festival. red carpet is rolling in because it's trip for the human rights film festival. in his 0 edition, and over the course of 5 days more than 40 movies or casual cream for over 70 countries worldwide, participating in the festival. today, i will go again, is she who not look at us. of the 15 years of israeli, located in bosom, the government strip with all the draw it's 3 majors imposed on the gov or strip. we are killing the world that the stove isolating the gaza strip is talk the siege. and also we sent messages several messages saying that we are people eager for freedom eager for independence. we have many

palestinians will our will. dylan did. who can be a filmmaker? it's gotta be journal is going to be a doctor. and i like either festival, the attendees here are all aged. you've been opportunity the welcome to the people of godsa dick. i very interested in maggie it's kate in the thesis trip where no functioning cinemas exists on the u. s. team at the st child weld camp is made up of children from families of immigrants and migrant workers. it is one of $24.00 teams taking pos and football tournament in keta, which helps vulnerable young people from around the globe. one of the team members tells us of her pride at representing the you asked. i'm eileen lopez and i'm from new york city. i'm a soccer player. participating in the tree child was competing for us to mentally

school. my parents, they migrated to the state and country from mexico. my job as a child of immigrant, it's always very difficult because people see differently and i don't know. people see you as a threat sometimes to because they think that you want to take things that are there. i played the fan center back right back left back. when you say yes, my code, they gave me the opportunity to be part of the competition. i didn't know for sure that i was going to be going, and at this event they, they announced that and i was very shocked because i was not aware i'm very excited to be part of the high space. what does it define will be going against?

seems like brazil, columbia, bolivia, mexico, very nervous about because i feel like they have soccer in their blood. so, but i think the composition will be a learning experience and very good, comfortable friends to help us. but our game or level our game of i am very sorry. i wasn't going to stay longer at least experience one of the games, but i so that we watching everyone was up game. all my teammates are i think all of us are mexican american or at least have hispanic background. i feel like everyone in the other countries are expecting you know, americans actual like americans born in america, parents, pope america. but we're going with parents immigrant. parents make them proud and.