tv News Al Jazeera October 14, 2022 8:00pm-8:31pm AST
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al jazeera, which site is winning chaos or control guy. what does the new forever proxy war 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 we get to so much raw, the quizzical look us politics, the bottom line ah ah ah
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i want to be honest, this is difficult, but we will get through this storm. the beleaguered u. k. prime minister put on a brave face off the sucking her finance minister. ah, the watching out is there a lot from doha, i'm carry johnston also coming up the i m f. projects of foreign growth across europe in the coming months and urge as its leaders to make tough a policy choices took here says it's studying on that imap hooton's proposal to establish a regional hub to transport russian gas to europe. and more than a 1000000 people displaced, nigeria says that many communities remain unreachable after its worst flipping in a decade. ah,
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we start with a growing economic, couldn't the political turmoil in the united kingdom? prominence still is trust her, sacked her finance minister, less than 6 weeks into his job and made another major policy. you turn, the government has now abandoned plans to cut corporation tax. but it is clear that parts of our many budget went farther and faster the markets were expecting, said the way we are delivering our mission right now has to change. we need to act now to reassure the markets of our fiscal discipline. i have therefore decided to keep the increasing corporation tax that was planned by the previous government . this will raise $18000000000.00 pounds per year. it will act as a down payment on our full medium term fiscal plan, which will be accompanied by a full cost from the independent
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a be all we will do whatever is necessary to ensure debt is falling as a share of the economy in the medium term john hall is outside 10 downing street in london for a said jonah, how damaging is this for the prime minister? potentially extremely damaging. remember, these trusts has only been in office around 40 days just over a month. now. she has no popular political mandate. she was elected by the membership, the 81000 votes given by members of her party to whom she promised economic growth tobacco, lower taxes and radical economic reforms. a program that now looks to have been torpedoed and you turns policy reversals. there's been a few not least here this afternoon in the, in her leadership campaign, she promised no public sector comes here. she implied that they would have to be in
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her leadership campaign. this promise. she would scrap the plan to raise corporate corporation facts, right? put in place by the chancellor and her opponent richie sooner here. she said those raised those rises would go ahead. and of course she you turned effectively on her own chancellor quasi crossing who sat this afternoon. her friend, her closest political ally with whom we are told in the last step they together planned and then she endorsed and defended to the hills. the mini budget statement had the financial markets so that so on. all of these measures live trusts as prime minister, looks and looks to people within her own party as someone who has lost her credibility, clarity, sensual, political platform. and she is historically unpopular, the latest opinion polls suggested only 16 percent of the public favor and agree with what she's doing. her favorability rating
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a net rating of minus $51.00 is the lowest for any british prime minister in history. given what you say then, is it possible she may not survive, could be something going on as we speak. i think it's highly likely that plotting is going on is certainly being talked about. they certainly will be discussion about how potentially to get rid of this trust will they succeed. that's an enormous question. we can't possibly know the answer to. we know it's not easy, of course, to get rid of a prime minister. we saw that with far as johnson, even for a party that's or it's last 3 prime ministers. and no one will want a hasty return to the awful, bruising leadership context of the summer except for one crucial consideration. and that is that the labor parties surging in the polls. the opposition now according to some hold up to 30 points ahead of the conservative party senior members of her party and beginning to accuse less trust. i trust trashing their core principle,
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their core sales point to the electric, which is their financial ability, careful management of the economy and leading them to certain elect electoral defeat. and there is no one single serving in be to willingly go down the path towards electoral defeat. without a fight, and that is why he's likely moves will be made that would be made to get rid of the private hall in 10 downing street. thank you. now a small reaction to this james midway represents the progressive economy for he says, britain's government has run out of options. prime minister at least trust had absolutely no choice by, by this point. following in particular, i think the intervention by the bank of england governor andrew bailey on wednesday saying that supports the bank of england to be given in to the u. k. bond markets, the guilt markets would come to a screeching halt round about now on friday, cause
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a huge panic over the middle of this week in financial markets and ready applied a great deal of pressure. i think, to the government to change course. it had been on the causes sometime, the reaction to the mini budget barely 2 weeks ago. we did funded tax cuts with a huge borrowing with the implications that these borrowing would be sorted out at some point in the future. but not now the panic that this started in financial markets. all that is already been effectively price did. and this you turn was all already looking quite likely. it's just a question of how long was it going to take before they come? not that the problem today, i think is the least trust as you turned on parts of the big extra borrowing. she was planning $18000000000.00 parents out, the remaining $43000000000.00 pounds of tax cuts and other things. it may not actually be enough and looking at some of the market reaction probably won't be enough to entirely ease people's fears and to get out of this immediate crisis that there is. meanwhile, the international monetary fund is urging european leaders to make tough choices. the group has released its latest full cost thing. the war ukraine is hitting
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europe's post. pandemic recovery i m f predicts at gdp and developed european countries will fall from 3.2 percent. nicea to no point 6 percent in 2023 and emerging economies. that number is expected to slide from 4.3 percent to 1.7 percent in the same period. i m f says inflation will decline in 2023 advanced economies. it may be 6 percent while to developing nations. it's expected to stay at about 12 percent. coming in to 2022 things stood a strength, coordination and solidarity displayed in policy responses to corporate 19 euro plus on its way to exit depend amick. meanwhile, rising inflation was expected to gradually subside as commodity prices and supply for the next would ease. but russia's invasion of ukraine changed a picture completely. and it is now taking a growing toll on europe's economies of more on this that's been challenged. fisher
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in washington, dc. yeah. and what are the implications for europe of all of this well, yeah, of course, as a huge building block in the international economy. the eurozone itself is the 3rd biggest economy in the world after the united states and china. the fact is, the figures don't look good because growth is down and inflation is up. it's going to continue at a high rate before it starts to drop in 2023, but the expectations are it will take much longer before it begins to drop. so that isn't good news in the war and ukraine hasn't help because that of course is added to the financial instability. but it's also led to high energy prices, which is helping to fuel the cost of living crisis. it's estimated that the cost of living has gone up by about 7 percent in europe. how does that translate? well, if you spend about a $100.00 a month on your shopping and that's a very, very conservative figure, you'd then be paying a $107.00. no,
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it doesn't seem very much just $7.00, but if you're in a very tight wage and don't have a lot of money coming into the house, if your wages go an ongoing up, but your fuel bills going up your, your bill for running the car is going up, if you have heating bills are going up, it suddenly becomes a very expensive process just to live. and they're seeing that that is the potential that the energy crisis won't solve itself over this winter. this could go on for a year and a half. and a dire warning from the international monetary fund that not only will it become much more expensive to heat your home over the winter in europe, there is a real possibility that they may need rationing, so not a gloomy outlook for europe. and at a gloomy what about the african continent? how does that fair in the, the full costs? well, of course, there is the old saying that if europe sneezes, then africa catches a cold and they are running into problems as well. they looked as if they were coming out of covered and, and all the lot don's pretty strongly. but then all of the international impact has
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hit africa as well. and it hits it, particularly in the issue of food insecurity. that means people who perhaps the neat yesterday, they won't eat to day and may not eat to morrow. 123000000 across the continent are facing that sort of dilemma. and particularly in the areas like this, a hail and also in the horn of africa. so there's an appeal from the international community to help out there as much as they can. but there's also difficulties to from african governments because they are facing financial problems. and that could well lead to political problems, as we've seen in a couple of places already. they've got to try and benefit and help those who are really struggling with also making sure that they keep a grip on their debt payments and making sure that they don't borrow too much. that becomes unsustainable. and eventually the country becomes bankrupt. if that wasn't enough, that are 2 additional problems. first of all, cove, it, which we said they were coming through, but only 21 percent of people are fully vaccinated on the continent that leaves
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them susceptible to more outbreaks. and also the potential that if there other variations, they are going to get that. and then there is global warming as well for a continent that has done very little to add to carbon emissions. it is struggling as well with that. and mitigation is going to cost a great deal of money all in all. the 5 days of the world bank in the international monetary fund meeting here in washington, has painted a very bleak picture of what is going to happen with the global economy later this year. and also well into 2023. alan, thanks so much indeed for that update. ms. allen just mentioned the i mess is predicting a bleak future for the african continent. is agreed to give kenya access to more than $235000000.00 in funds. auto recent review, catherine soy is in the north of kenya and tells us how locals are faring despite the high cost of living. we are at a market in northern canyon area, cause to cannot and this market. people were seeing that the cost of facing
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commodities has been going up. and this is something that has been happening across the country. so we have prices that have been tripled in the last year or so. so people here are saying that they really are struggling to make ends meet. we also have a problem in the country when it comes that has been compounded by the drought. this is a drought that has affected the entire region in kenya. for example, 3000000 people are in drought. we have spoken to some of them who say they don't have what they don't have food to kind of where we are one of the most effective regions. but despite the problems, the countries facing, the world bank says the economy is still strong and that the countries who thrive the right measures in place to get better. i would like to see the economy
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improving so that life can be more bearable. people are suffering. will also be hearing from president william root or who says that he's trying to make things better. but then we also know that the government is dealing with a very high external backed and a lot of kenya's, the width is taking to say that they believe that they're suffering will continue a little longer. the key is that press center chip tap. one has ordered his officials to study rushes proposal to set up original gas hub in the country. i sent that in at boots in says it offers the best route to read direct gas to the e. u. off the north stream pipeline was recently damaged to leaders have been meeting in context on this week. on thursday, the 13th suggested that moscow could send more gas through the existing target stream pipeline, which runs beneath the black sea to, to care even suggested russia could build
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a 2nd pipeline between the 2 countries. to he is a leader suggested that the region of threats could serve as a distribution center. so gas for europe and beyond raj and drug is a direct threat energy intelligence research. she says this proposal shows how energy markets have been changing. this is happening in oil markets as have as flows have shifted away from, from europe in the west, towards the east. and i think, you know, avid for russia gas poses a bigger challenge because it's not as flexible as, as oil product markets. you need to rebuild the infrastructure, you need to rebuild the partnerships. and i think you're starting to see the same thing. you know, i think i think they kind of see europe as a, as a market the last from a gas standpoint. and they need to figure out ways to kind of reap pivot those molecules. they will go to central asia. increasingly they'll find ways to, to push those to south asia. and of course, potentially to china. this will not be easy. it will be, you know, kind of
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a multi year process can be very expensive. but you know, they're kind of weighing the groundwork for, for those, those new partnerships being forced, the west is trying to, you know, to, to push this anti russian view and then try to kind of bring the world together and kind of push back on on, on you know, their war machines and so to speak. but at the same time, you know, you have developing markets and develop and emerging world that, you know, that really kind of has to take care of itself 1st, right to take care of its own citizens. we're all dealing with inflation and, you know, an energy shortages of different sorts. and so, you know, i think it's a difficult thing for europeans and the western general sort of push, impose on, on developing markets said i, head on al jazeera marooned in australia is 2nd largest city as unprecedented rainfall. rinsed ponce's mil to a standstill, petals running shorten hughes for fuel are getting longer in france. will tell you
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one moment. hello, the weather set fair for much of the middle east. we got a little bit of cloud just around the north of the region though, just around the cork system live the showers longest spells of france. i'm really big. downpours over the next hour. so, developing around that eastern side of the mediterranean brisk wins fading for the boss for us. the g and c running down to was east and med and there will be some really heavy showers there, extending all the way into cyprus as we go one through sunday, elsewhere across the middle east. as you can see, it is largely dry. north africa also largely dry, but just notice for northern areas of libya with that system in the east and med we will bring a few showers in across coastal parts as we go on through the next day or so. central africa. yes. still more heavy showers longest both of rain rolling through
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here more big downpours into southern parts of nigeria and those heavy showers the longest spells of bright, the flooding rays that we've been seeing. on the news recently, they do extend into northern parts of cameron and we have seen similar problems here with white bread flooding across northern parts of the country. a shower, some afraid they are set to continue more showers just draped down across that western side of southern africa. a few showers. they're just coming back into south africa over the next few days. and one or 2 showers for the east. ah
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ah ah ah, you're watching, i'll just hear a reminder about top stories this. how written set prime minister list trust. so sector chancellor made another major policy. you turn. the government is now abandoned to cut corporation tax. i'm after slashed it's economic for cost for europe, for next year. the content i've seen sky high energy prices to try to win itself away from russian supplies wake of worn ukraine. the turkish president has ordered
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his officials to study a proposal by russia to set up a regional gas hop in the country that he met between says it offers the best route to redirect a gas to you. often what string pipeline was recently damaged during the ongoing war with ukraine, or staying at that regional summit in kazakhstan, the russian president was also asked about the war and ukraine. documentary routine announced he has no plans to call up more troops. he said the military caught up of $300000.00 reservists was finished and he would not move to put more fruits into service. he said his aim is not destroying ukraine. a protein worn that any direct clashes of nato troops with russia, with lead to a global catastrophe. mister my, sit on the who. now there is no need for massive strikes. there are other goals to a chief now. out of i think 29 objectives. 7 have not been hit the way the defense ministry planned that dealing with them. these objectives,
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there's no need for massive strikes, at least for the moment, for now. as for the future, again, which we'll see in crane is marking defenders day as the war with russia continues . the national holiday was established in 2014 at moscow. today, the crimea replaced a previous holiday from the soviet union. i sent them as lensky addressed the nation, promising victory over russia and freedom for all you can do for him or her this message, or this will be a victory for our heroes who are now in the russian captivity. we remember and do everything to bring back each and every one of our heroes. we won't leave anyone in captivity. the will see that ukrainians do not lose the humanity under any circumstances. the enemy can strike our cities, but never at our dignity or well just as a political and economic turmoil was unfolding at dining street in london,
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hundreds of climate change act. this took to the streets to kick off a 3 day protest against the cost of living and the climate crisis of baba report. well, this action that fits in by extinction rebellion outside downing st. mark's to start to 3 days of protest and different actions by that group. now you're on friday, you just up the road at the national gallery. that was an incident in which activity. another group called just the oil 3 to put a painting, live on golf, known as sun, flowers, extinction, rebellion, all calling on the government to do more, to tackle the climate crisis and highlighting what they say is the intersection between the climate crisis affecting the product and the viability of human life and the cost of living crises, hitting households around the country. part of the reason that we thought this huge increase in energy bills is because we're dependent on fossil fuel and the price of fossil fuel internationally. so what our government is doing, talking about new licenses and getting more oil and gas 1000 or c for not. they're
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not going to get anything out of those wells for 10 years. so going to help anybody this winter. and also, when it does come out, the price will still be the same as it is for everybody else. so again, it would help us. so this winter, we've got people who are, you know, having to choose between heating and the homes and eating well, many of the protests to say that they would like to see a winful tax imposed by the government on excess profits made by oil and gas companies. that's something that many of the british public actually support. so for extinction, rebellion that would be something that government could do quickly which would help with a climate crisis. and with the cost of living crisis, iran, supreme leader, ayatollah ali, how many has condemned the ongoing unrest in the country? thing protested will fail to undermine the islamic republic of the streets once more chanting slogans against the regime. the unrest was sparks bother death in
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police custody of a 22 year old leaning rainy. the government has blamed protests on western influence and got them in on that one. and as we ship it, the enemies thought they could approve the tree of the islamic republic. that small tree has now turned into a massive tree. any one who even thinks about uprooting this tree is completely wrong. ah, our petrol workers in france have been engaged in a stand off with oil companies. total energy is an excellent move bill. on the 3rd of the countries filling stations are facing supply problems due to a strike for better pay, a faster bottler has more from pairs of to more than 3 weeks of strike. so most of france's oil refineries signs of a breakthrough, french company, total energy and to trade, unions agree to a 7 percent pay rise. and one off bonus for workers is reponse between one that i think that everyone contributed. we listened to every one and this allowed us to
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achieve something, nor were the funds we support this agreement. it's the result of a decent compromise, and it's a good deal compared to march charles. but the main union behind the strike, the c g t has rejected the offer. it's demanding a 10 percent pay rise to help work as cope with inflation and says, staff should be given a share of the high profits that oil companies have made because of the energy crisis. some people are gorging themselves, total's management, refusing to share the wealth that their employees have created. the strikes affected fuel supplies across the country. one 3rd of petrol stations in france are either close or sort of few people here, a queuing for one of the only federal pants was actually open or in the powers region. and some of them tell us that they've been waiting here for more than an hour. this is david arm when you are very the i live in the suburbs, but need to come into paris early for work every day. so i am forced to use my
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scooters and need few on. i'm waiting for a one hour and i think i still have a 30 minutes or something. hopeful so sounds as prime minister promised in the blockade by ordering some staff to return to work penalties and move that i'm good unions and prompted frances finance minister to step in to try to calm the situation could to tell do of course, sorta has to increase salaries, it has started to do so. this company today has significant profits. total has paid dividends, wealth and france should be shared fairly, with some refinery workers returning to the job, the government says field supplies will improve, bought a new crisis, lose trade unions of cold, for a general strike next week to demand better pay and condition at a time when inflation is already fueling discontent. natasha butler, i was just, they were paris. more than 500 people have died in jerry's worst flooding and
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a decade. unusually heavy rains has led to the destruction of tens of thousands of homes where the interests has more from our camp in the southeast. it's been raining all night yesterday and this morning we walk up to showers and this could fall to complicate effort to reach those communities cut up by the floods. number said, and many parts of the country were talking about tens of thousands or even hundreds of thousands of government officials say. and now the biggest concern is the increasing amount of rain that we're receiving. ideally, this is the, this is the end of the rainy season. and the intensity of the reins is supposed top dropped by now. however, what we saw in the past 3 or 4 weeks is such that the rain continue to just drop from the sky. and that's just complicating already a bad situation. what we're hearing down south downstream, i taught the niger delta. if the flooding is now increasing,
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the intensity of flooding is increasing that as well. this is the rule while the flood waters up know in the central parts of nigeria, here in the southeast will drain into the delta and into the atlanta portion. what we hearing now in states like river and by also state communities. entire communities have been flooded and one of the major high was the links by you also state one of the oil producing states in nigeria to other parts of the state like real estate and even to lagos, has now been flooded and cut off completely. so that's the situation people are dealing with. now we're talking also about reaching those communities is becoming difficult because of the rising level of water in those communities. government agencies might just work as aren't able to reach such people. now this is what is happening in most parts of areas impacted by flights. thousands of people have been forced to leave their homes across the east coast of australia of the days of
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torrential rain for hundreds of stranded in the 2nd largest city of melbourne. so swamped, this is the suburb of mare belonging melvin's west, just 10 kilometers from the heart of the city. the maryland on river burst its banks. hundreds of homes are under water, others have been isolated. 50000 people across the state without power. this is not family. hi me, the thought don't be half and leave teen nice to my law and it's needed a watering up before 2 days of unrelenting rain caused flash flooding across melbourne. thousands of people in victoria were told to leave. those who were stranded were rescued by emergency service crews. we still are of the view that there's about $500.00 himes that have been inundated, ah, there are another $500.00 times, at least that have been oscillated when a shy harms properties might be more than just a house might be in terms of farmland, much bigger apostles of land that you ation orders were issued across 3 states in
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western new south wales, highways and rail lines had been cut off in the state of to as many a rainfall records had been broken after 2 days of torrential rain. this is a 2nd major flood of business with queensland and new south wales, devastated by what was described as rainbow in february this year and is not expected to be the last. the bureau of meteorology has warned that only thing the weather event will bring with it. heavy rain. i was summer. the worst of the rain may have passed, but authority say some river systems are expected to pig in the coming days. and then there's the clean up sarah clark, al jazeera brisbin, australia. now an italian musician has played his saxophone to give himself more energy or surgeons operated on his brain. lou.
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