also, no se teams out the well cut. that doesn't mean no shortage of fashion from that. a back here lou says boulevard can continue. one thing is this your with the work up a couple of weeks away because i've been billed day by day. i. ah, this is alex is here, and these are the top stories. north korea is accused of launching for short range ballistic missiles. the latest and a series of launches. this week the u. s. was set to fly and nuclear capable

supersonic bomber over south korea. as part of the joint, aerial exercise for any change has more from so we've seen an escalation intentions after their ballistic missile tests on thursday, the creased an extended aerial activities with exercises between united with the united states and south korea. we saw yesterday a 180 north korean war planes flying in the air. so i think some kind of ex response was expected. the fact that these missiles were fired the worst, however they were short range as well. i think it's enough of a response for the dpr k to have made that point, but it doesn't seem to be provoking any further reaction here in the cell. ron's foreign minister says his country has so military drones to russia. it says that was before the invasion of ukraine, turan, it says cuba needs to provide evidence that rainy drones have been used in the war

. keith says russia has used the drains to bomb cities and energy facilities. russian president vladimir putin says civilians should be evacuated from hassan. as cave continues its counter offensive in the region. ukraine says moscow is illegally deporting its people. twitters new owner, eat on musk says the platforms, content, moderation will not be impacted by mass layoffs on friday. critics are concerned the move could lead to the spread of disinformation and hate speech. several companies have suspended their advertising. it, they says it will allow one of 3 ships carrying refugees in the mediterranean to darken its waters, but only to carry out health checks. those are not allowed to disembark, will be told to stay on board and leave italian waters. ships are carrying migrants rescued from the mediterranean and pakistan's, former prime minister in ron con, has spoken publicly for the 1st time since he was shot. is accused the state of

trying to assassinate him. the government denies involvement. or those are the headlines, had in use, continues on al jazeera, after counting the cost to stay with us for the stories of hope and inspiration. short documentary from around the world that celebrate curry and resilience in times of time. with money i lose

. hello, i'm calling to say this is counting the coast on al jazeera, your weekly look at the world of business economics. this week left, this leader looted silva has made a historic come back in brazil that to govern latin america's biggest economy. first time pledging to tackle hunger and poverty will have succeed. also this week spending big to tackle inflation in japan will cuz she does 200000000000 dollars stimulus package, ease high living costs, or will be forced to move away from the ultra loose monetary policy. plus lab grown diamond to taking the shine of more expensive mind jen. we have a look at why the man made jewels are becoming increasingly popular among confuse louise enough lily to silver lead brazil during its economic boom in the 1st decade of the

century. he is now back as its president for a 3rd term. also the facing j. u bolts narrowed by a narrow margin. but running the country now could prove much harder than the last time he was in charge. politically, it's hugely divided. it's short of cash, an economic growth house load. and lily has made it clear. his priority is pulling millions of brazilians out of poverty, which he's done successfully before. he went to international fame for building an extensive social welfare program during his 200-320-1010 year. but it wasn't all rosy. he will also be remembered for his administration's involvement incorruption, which led him to being jailed for $580.00 days. his convictions were later nulls by brazil's top court. when the president selected the new grace in january, he will take control of an economy that faces numerous challenges. but little has given only a few details on his economic plans. he's expected to put the state back of

a center economic policy making and move away from the pro market model of the both in our administration, the president elect said he would push congress to approve a tax reform, which would exempt lo, ernest from paying income tax he's also pledged to abolish a constitutional spending cap to allow the government to spend more on social projects and infrastructure. the president elect has also promised to combine responsible fiscal policy with social responsibility, sustainable development. he's also pledged to put a halt, illegal deforestation in the amazon. joining us for a massage job in u a. e is hydro luko, a condo dean, at the college of communications at the university of georgia and a latin american analyst. when he, thanks for joining the program now on the campaign trail lula offered rather broad short strokes of his economic vision that was putting the state at the center of

the economic development. what do you make of his plans so far? well, is it interesting? because mr. rule of the, the few who are be now is going to confront a completely different scenario from the one he having his 1st government. in this case, we have more than the prices that have come down in the market, which is a stark contrast to the time in which he was pressing the 1st time in which commodity pride prices are on the rise. the other thing into the debt, the brazilian national debt, which is to double in between now and 2 parking in 27. it's a huge problem which will demand metro. so cutting public spending and bringing it will say to some of the international debt and agreements that you'll have and also mr. rule and will now come from the both bridge that is not in his favor. and also i see the governorships and municipalities which will be in the hands of the

position. so it's going to be very tricky, arrive for us. and it will be a trying to prove himself. and he's a state person capable of managing the challenges in pay in front of him. so i think, you know, there's always the risk that when your income paying you tend to offer more than you can deliver. and it's all about managing expectations and senior america can go very far, very quickly to elected one of the going to power. he's promised not to make the same mistake as his predecessor from the workers party delma recess, who was accused of economic mismanagement. when you do things differently, you think, well, i think we need to also correct the mistakes he made the 1st time were cases of corruptions were rap. remember the, you know, the 2 biggest scandals in latin america in the corner of luck in american colorado . the over crash, color construction company and,

and also all the cases of corruption were ramp and he's time. so i think one of the things that he has to be very careful is the management of public funds and making sure that he a point, the people who are responsible for this bond, making sure that transparency and accountability prevail. because he's not only about correct in the mistake done by the math, but all or mr too as well. so not all to make lots of mistake. what about his own mistakes government? so he's being elected on our great expectations and, but that also comes with a lot of responsibility. he's also promised to tackle poverty tackle inequality. i mean, that's his big thing, but can brazil actually afford to all that social spending that he's promised? well, you know, it all depends how climmer and skillful he's negotiator of the international that are i think there's more, but it's still a very strong industrial power in the global south in terms of some of the export.

still very well place. some of the areas in the economy are relatively relatively good. so i think you have some maneuver, but he doesn't need to appoint the right people. and that's going to be very difficult because he came, you know, very complex arrangement with ally to power. so there's a lot of the confusion of power that makes it great. and the prince who, what they are prior to balance there. i think here we are confronting our case in which the challenges might overwhelm him. if he doesn't have the right team. and if we doesn't empower this team to actually this is the fact that me in particular area my, my main concern is about political capital that can go very quickly i, if you revise my own kit, twitter a call back in the beginning of all was where most of the policies are saying that

the document was going to win for a margin 1750. and when i was saying that the margin of victory will be just one percent. i effectively predicted this because, you know, there's been so much about conflict situation that people, p, e, you know, the legacy they left in the bulk of the government over by the governmental d. my was a legacy that included huge cases of corrosive. people have not forgotten those things and, and also in all the areas like even important people when we cannot forget that people protested in brazil by the fact they are building huge stadiums. and when you get all this money in huge parades and big events around the world come when they have a huge need to the company, people have really upset and really ghastly about that you paint a very, very bleak picture for him. the state of brazil's economy,

what can he do to turn things round? can he bring brazil back onto the map? yes, of course. and i think one of the very interesting development is the new i lived in the i've been brick state. i think that. but if you have the very important powerhouse of industry that they can do, i think that even if you need to do the pro or they can do be done in a very clever way without affecting the point. and with doing it in a way that it can fit into the industry. i think the government will have lots of weight in the areas that are not really dot and, and that of a priority. and, but there are other like implication, hell and october deviation, which he can do a lot. and i'm sure the instinct maker that you are there are, but it's all depends on the ability to appoint our team that is used. that is a comfortable that is transparent and overall efficient. i, i,

i think you have an opportunity to great opportunity or becoming of providing on even upgrade legacy over progressive government that can make important changes. sounds like he should be hiring you on his team. really good to talk to hi to luka, a condo, dean of the college of communication at the university of georgia. thank you. ah, japan has been battling deflation for years and has kept interest rates near 0 to encourage businesses to invest small to help stop prices falling. now this surging globally and central banks raising borrowing cost to tame inflation, but japan is maintaining its least monetary policy. instead, the prime minister whom you casita has announced a $200000000000.00 spending plan. it can go my title grew up these holistic economic measures ought to overcome soaring prices and to realize

economic reform by addressing soaring prices and the economy holistically. i will protect the lives employment and business of this country and push our economy forward for the future. a good annuity. as g d, b, or young, then rock pass central or c. with these measures, i will push up the g d p by 4.6 percent by decreasing the electricity price by 20 percent. while keeping the price of oil from increasing, i will make the consumer price index it down by 1.2 percent. you target? well, the prime minister says the overall size of the stimulus package is expected to amount to more than $490000000000.00. it includes subsidies for household electricity and gas bills and coupons for pregnant women. some money will be allocated to offering companies more incentives, increase wages, as well as boosting tourism. an export. the government will submit an extra budget

to fund the planned parliament next month. it would be mostly financed by issuing government bonds, of whom you can see to unveil the stimulus package just hours after the bank of japan stuck with its policy of rock bottom interest rates. despite the countries rising inflation rate, which was at 3 percent in september, though much lower than the price rises in the u. s. in europe. the countries currency is hit 32 year lows against the dollar, and the japanese authorities have carried out at least 2 interventions to prop up the yen. joining us from singapore as month l t leon, so senior japan economist of capital economics, thank you for joining the program. so why does japan have a relatively low inflation rate in comparison to the rest of the world? there's lots of factors behind it. i mean rachel in japan is not freshman to blue market conditions, so it's still just around 12 percent. the government is also pushing back hard

against rising prices. some of the, the price on is controlled by county government policy decisions, debt prices up at a rising, and also introduce the supply. sure. just that help back help the greater be increasing goods, inflation. lots of bumps colonies. remember that's pronounced big supply chains operated better. it's a range of factors that are keeping the lower than elsewhere. ok, relatively to most other countries. inflation is low, but by japan standards it is high. so why won't the bank of japan raise interest rates like every other country around the world is during to keep inflation down. and it would also pop up yet, wouldn't it, which is also been in freefall. it will probably pull up the little. it's a, it's right that the currency of any major monster economy has all against the bulb this year with some of them for nearly as sharply as, as yet, even with center,

brand type rates quite aggressively. and the main reason why the banks, japan is, is not typing policies that is more convinced you find facial rates going to stay. when about, about one 3rd of the current inflation is driven by energy prices and those already coming off the boil. and the other big increasing pressure to be driven by the weekend. so one central banks elsewhere stop, stop hiking and straights which we expect to happen sometime next year. then again, we'll probably stop weakening and that up the pressure on the place is going to subside. right, it's the external forces that they think are putting up the prices. so what about the stimulus package? how is the stimulus package going to help reduce inflation? the main factor is that the government has pledged subsidies to, to electricity prices. nice where the not get interesting gas prices alone. contribution about one percentage point to do the 3 percentage on rise replaced by

one 3rd of all. fission is driven by this. and as it happens to become and we'll, we'll introduce a subsidy or on 20 percent or 30 percent, which will fully offset the current increase in prices. and we'll, which will take off this, this one percent increase in price for inflation will be back below 2 percent on our for cost by and maybe the 2nd quarter next year. and that in turn, will also push down inflation expectations and should help to prevent all, well, should, should, should help prevent a strong rising wages even though what is happening. well, this package stimulate growth at the margin. yes, i mean be, if households have more money to spend, they might spend solve it, but the problem is the savings, right? it's the quite high bias for standards at the moment. households not not sticky in the mood to spend consumer confidence is very low. so it's, i wouldn't expect fireworks from japan as a huge public debt. can they afford this huge funding package?

yes, they can. i mean this is, it's a bit of a confidence trick. as long as the bank can, can convince investors that it can defend its tend to your target and keep interest rates talk to 0. then even very high debt levels are usually affordable. but obviously, if investors detach the commitment and the bank were to let loose of the target, then the that that level could quickly become unsustainable. now the view is that the bank will be able to defend the targets because of the pressure on, on overseas constraints will start to subside sometime next year. and that in turn means that the, the, which probably deadlock is sustainable. the bank of japan has stuck to this policy of ultra low laid low rates for very, very long time. haven't really worked for them. i think it has. i mean, when, when the bank started, we had, we saw consumer pies as falling. we saw wasteful negative. now we leased and we saw

this from its way 1225 years. inflation is finally started to pass the, the 2 percent inflation time if only for, for mostly because of the weekend, obviously high energy prices, but clearly things are moving in the right direction. so be the deflation that has placed or which kind of the last 3 decades is now clearly behind us. what about the depreciated? yet it's not putting political pressure on the government? yes, i think that's the, the one area that could potentially trigger policy change because obviously we have government, current back japan govern the road. us tend to will end next april. and the government has to appoint a successor at the moment. it looks like becoming will appoint someone in the similar mold to governor gross to someone who would continue to, to keep monetary policy loose. but with the weekend pushing up, inflation in the public increase. the unhappy about that, it's an outside chance that the government will nominate someone who ends this

whole policy experiment and starts to tighten policy ever so slightly globally. and we're looking at many of the big countries heading towards recession in 2023. what did you out look for japan? grew up is just going to slow, but i think japan is, is catching up with the rest of the world because it had a much tighter stance on, on the virus for a long time. only recently started to live with the wireless, so households have yet to to please return to normal ways. this house is ready for quite high. so that will mention will, will keep the economy going into next year, even as other other countries and recession. muscleteo senior, japanese economy, capital economics, thank you so much for your time. diamonds all forever. diamonds. are a girls, best friends with all heard the expressions they are the ultimate accessory,

if anyone who can afford them. but they are facing growing competition from lab grown ones which are chemically identical, but up to 10 times cheaper. the man may gems are increasingly attracting consumers is what is the wealth biggest jewelry makers and the share in the market is growing fast. will be industry is estimated to be worth more than $6000000000.00 and sale a figure that is expected to double in 2025 data for march show. the sales of engagement brings made with lab diamonds, jump 63 percent compared to last year. the u. s remains the largest consumer market for lab growth diamond's by far more than 80 percent of the demand. india is among countries that saw a sharp rise in the exports of the man made gems in 2019 west $443000000.00. that's up by more than a 100 percent year on year. to discuss all of this, i am joy now by ellen. young connie allen is the chief executive officer. i have

a tardy antoinette, which grades lab grown and natural diamonds. thank he so much for joining the program. ellen. i have to admit when my producer told me about this topic, this was the 1st i'd ever heard of loud groan. diamonds. can you tell us exactly what they are? are they real diamonds? well, they actually are from a military perspective. so natural diamonds formed naturally 150 to 2 under kim is deep within the earth, approximately 2 to 3000000000 years ago. oh, even at that time when the data source walked on the earth's, so a diamond needs and you have to have found these combination of high temperature and high pressure to form. it's actually the purest form of carbon. now, what is a lovegrove diamonds? we're going, he's man, mate. so we going to imitate nature. we going to create the same circumstances. that is what happens in the earth starting of that carbon ion mineral. are we going

to create high temperature and high pressure? and we create a kind of ra diamond will be mutual for the same process of natural dancer. we'll cut that while a shirt and her and her and put it on my to, to live in a jewelry. so actually interesting thing is that it has the same physical, chemical and optical properties as a natural diamonds, except that they are grown in a lap, not really in nature. are they in investment though, we talk about se gold being an investment is, is it the same sort of thing? we're talking about value here, and this is actually a personal matter and depends on the purpose of the wishes of the buyer to consumer . the only thing we know today is friends with other lateral diamonds is around 30 percent of the value of a natural gas, which means 40 percent cheaper. but what their value will be true or the years remains uncertain, in case of natural angus become more easy for goods from stock. it figures that to day that they are pretty reliable, long term investment. so at h r the,

we don't take a standard, what it's better, what is more words? but it's like i said, it depends on your personal wishes versus the most important is to offer transparency to worse or final tests that they know what i did. and by a lap grown or did i buy a natural, what about the carbon footprint? i mean he using all this heat in order to tend the carbon into a diamond. it does it have a good carbon footprint or a bad come footprint? this is also all about mocking to blade like green diamonds or markets, or the marketing people are putting them in the market. is stuffs rattled about part about it because it's not transparent. so you have to look at the complete value chain. so how is the diamond produced? so if you have a electron diamond factory and a use sustainable or renewable energy that it could be compared to a natural one, that it's a carbon footprint is slower. but in many cases, it's not, sir,

it's really not the case. but it has a need of 2 men of huge amount of energy and heat to create electron. regardless, we are seeing and demand for lab ground diamonds grow up. what's behind that growth? well, i think i become denied the power of marketing in this case. so he especially see an enormous growth in the us. and i think many factors can contribute to that. also difference in market share because the growth in the u. s. is much higher. frances, that in europe, and i think the lobby in the u. s. is very well organized. lobby has been huge budgets of the promotion of lateral. and a 2nd reason is pricing. so the growth of the lab drone in america, they're much more sensitive to the price when they buy a dietary and corporate comparison with the u market. where sustainability, the story, the ex passivity of diamonds are part of the buying process. what about the ukraine

war? has that base to demand for lab going diamonds? yes, well, we're definitely had an impact on both products at russia is the largest producer of natural diamonds in the world. not in value, but in currents at produce approximately 40 percent of the worldwide production of natural islands. so you to the sanctions that the u. s. a. d u k. and canada, many other big country. so large countries, they have an impact on the big retailers who so who to stop using russian diamonds in the jewelry. so i don't have to tell you that the price is that we're already historical. hi. kept going, keep going up. so this was an opportunity for the lab drone, a tremendous opportunity for the lab drone diamonds are so they had a sales bump, a 40 percent it 1st quarter. but at the same time, we noticed that the lead broan producers were not prepared for such a bump. especially in india, where they had to switch back to the using natural diamonds because of massive, so shorted at. so what do you see as the feature of the industry will lab grown

gems over take natural ones at some point to all that's just not possible. no, i don't, i don't think that's my personal opinion. i don't think it will. so there are no indicators today that the diamond industry will fall back in the long term. so they're, you know, the multi faceted, literally and figuratively ah, are, and they're, they're really deeply rooted in our culture. and in many cultures as a symbols of love and purity. a manmade diamonds is not the same. and then also, more recently, we also see that a diamonds are becoming an investment product. so in china, for example, it becomes more and more a trend where people invest in diamonds because they're very easy to keep on hand. so the volatility of the stock markets and the uncertainty of economic changes make diamonds a good investment in the long term. that was ellen, young, cree allen, as the chief executive officer of

a $20.20. thank you. you're welcome. thank you. and that is our site for this week, get in touch with us by tweeting me at moline site, and d is the hashtag a j c t. c. when you do or drop us an email, counting the calls to al jazeera dot net east address. but there's no fee online i out is there a dot com slash ctc website. that'll take you straight to our page, which has individual reports, links an entire episode, speak you to catch up on that's it for this edition of counting the cost. i'm money . insight from the whole team. thanks for joining us. the knees and our desert is next. what happens in new york has implications all around the world to make these stories resonate requires talking to everyday people. the mayor of the city announced that new doing away with the curfew. that was supposed to get everybody off. it's international perspective with the human touch zooming way in,

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