when their team finally scored 2 goals, the tension in fear of being eliminated, at least for now, evaporated. ah, good minute, you're doing that and that really meant everyone is a survivor. what many put him in the end of argentina? and i've been pre, i've been going through a lot of hard time thinking coming from and then it, when right now, all that the math disappears. argentina's football, superstar leonel messy, got 9000000 likes in just the 1st hour after thanking fans on his instagram account . ah, having beaten mexico to nil the post game celebration reverted to songs and chance about beating argentina's football rival, brazil. both team still have a long way to go. but here they're already dreaming of winning the world cup

against their historic adversary. oh, you see in human al jazeera window situs ah, without 0, these are our top stories, magazines, former prime minister and one cons, as his party will pull out of all regional and national assemblies is seen as a bit to pressure the government into calling snap elections he made the announcement during his 1st public appearance after being shot earlier this month. about design, guys, sunny dental. we do not want to be a part of the system. i am going to meet all my chief ministers, my parliamentary party leaders, and we have decided to leave all the assemblies instead of causing destruction in our country. instead of creating havoc in our country. it is better that we get out of this corrupt system. the united states is easing sanctions on venezuelan oil.

opening the door for energy companies, chevron to resume it's activity, is them move? it comes as venezuela's government look set to restart talks with the us back or possession. at least one person has been killed and 11 others are missing in a landslide in italy. that happened on the island of esquire, of the coast of naples. landslide was triggered by heavy rains early on saturday. china has reported a record number of covey, 19 infections, for 4th straight day, almost 40000 cases have been registered the most and a 24 hour period. since the pandemic began tie one's president as resigned as the head of the ruling party following defeats and local elections. i am when so she'll take responsibility for the democratic progressive party's poor performance. voters chose the opposition nationalist party and several major races. equitorial guineas present here, dora bearing a gamer, has one a sick time with 95 percent of the vote. the 8 year old is beaten office for 43

years, a him the was longest serving ruler. oh. and argentina, i back with the south american reagan, i said that campaign by d. c. mexico. captain little massey set his sign aside to the to bill when i was indeed a stuff was shot to eat, to saudi arabia in the opening fixture counting, the cost is max. ah ah i

hello, i'm the whole robin and this is counting the cost on al jazeera. if you're with you, look at the world of business and economics this week and historic loss and damage fund was adopted at cop 27. but will rich nations really compensate poor countries vulnerable to global warming? or is it just another empty promise? also, the sweet britain faces the sharpest fall in living standards on record and economic outlook is gloomy tongue. the government's fiscal plan and austerity measures. east, the countries pain anti for her scores beg with the cut out world cut planning revenue of $7500000000.00. we explore the role of intellectual property in sports business. ah. wattenberg i'm. it was one of the most contentious issues that the cop 27 summit

wealthy nations have long refused to compensate poor countries struggling to cope with the effects of climate change fairing legal liability. but after more than 3 decades diplomats from around $200.00 nations where the breakthrough and agreed to establish a loss and damage fund. the deal was a big win for vulnerable nations who bear the brunt of flooding and droughts. despite contributing far less comparatively to the carbon emissions that are causing global warming. well, the fund would include contributions from develop nations and other public and private sources, like the international financial institutions. but full details of how it'll work and which countries will pay still need to be hashed out at next year's climate talks. and despite the breakthrough on climate finance, the summit fail to deliver on phasing out the use of fossil fuels. madagascar is one of the world's poorest countries that's been ravaged by drought of successive cyclones and tropical storms. the u. n. is called the country's famine,

the world's 1st disaster induced by climate change. but many people disagree with that assessment, blaming poverty and poor governance instead. nick clark reports of them at other in southern madagascar. when crops consistently fail, you take what you can find. who cares if normally only cattle eat cactus and boiled up, it fills a gap for a while. lee had only as only a tea and it had been an hour pool. dick, she, she, the village is in a very bad situation. no food. no water then is the biggest issue in this region. we need help to solve this because people are living on cactus. that's all there is a run. ha ha. in the regional capital of amber von bay, a woman has brought her 7 month old daughter to hospital after she became seriously ill with diarrhea and vomiting. this is sarah,

i am the admin and i cannot get them in every day. it what the peak of along the road. like with cactus fruits, i'm exhausted and i just can't breastfeed my baby because i'm so hungry. i have no make in my present. if there is no food, we just we quarter and slip in here in the malnutrition unit, they're preparing for big influx in december and january. we're going into what is called the the lean season. so it's a time when it's very difficult for families to grow their own food, harvest their own food, there's a lack of rainfall we expect cyclones to start appearing sometime in the new year. and so this is the time when families are really forced to forage for food. and so there are estimates that around $480000.00 children between now and february, april of next year, may need to be treated for acute now nutrition. ah, it's not that the food isn't there in above always market. you wouldn't think times a hard, but these goods are mostly imported into the region and spiraling prices,

push them well out of reach of the poll. hundreds of thousands across madagascar depend on outside support from the likes of water aid and the world food program. here the government is delivering fertilizer and seeds to farms and they need all the help they can get. but if has no rain, no amount of fertilizer will help. now the you and call the family here back in 2021. the 1st 5 men cause in the world, certainly by climate change. but a lot of people disagree with that. they say it's down to poor governance and to poverty. the truth, i think it's a combination of all 3 climate change that it's wreaking havoc around the world. quoting devastation here in madagascar poverty, 90 percent of my da, gaskins live in poverty and poor governance inside and outside the country. for the people, though, it's all irrelevant for them, these times is simply known as cat a. the hunger to discuss all of this

i'm joined from rotterdam in the netherlands by patrick. the claim, patrick is the chief executive officer of the global center on adoption goods. have with us all in counting the cost. developing countries have been fighting for nearly 3 decades now. what change has happened to allow the situation to evolve right now? well, i think the politics has changed. so how for 30 years and the developing countries have fight it for moral justice to end the climate, a part regime where the global more polluting and the global suffering. i think in at cop 27, developing countries made a very clear this has to end and they were very unified in their spawns. think that defining factor in why there is no. it is a global found on loss. and damage is that the european union accepts

it is sort of the fundamental moral injustice. there were the 1st ones to basically say ok, we're willing to compensate for the losses which you experience. but what we need from you in but ton is a strong commitment to the 1.5 celsius goal, which is that the world cannot warmer, more than 1.5. so no one of the sort of package deal in charbonneau shake. was it an off time will tell? i did as you say, you know about the compensation. it was a, a hard fought acknowledgement of climate damage and who bears the responsibility to pay for the repair? i mean, what type of the cost will it be in a for developing countries to say justice has been achieved? when we know sometimes the physical materialization of money in the part is when success can actually be seen. but that is precisely the right point. indeed,

i think it's a, the mental breakthrough that the fund is now there. but let's look at the details. the negotiation dictated, and in the next 12 months, the fundamental modalities of the fund still needs to be opperation life. how much money, who pays? whereas the money going to come to, i mean that's all still up for grabs. so to say, as part of the next 12 months compensation. but that we have a fund right now is basically a matter of trust in the sense the global. busy may have no promise to deliver this, but as you said, in reality, in the last years, we also have seen that the global norm is not really reliable in delivering what they have promised before. jake, the pairs agreement commitment, the global north had promised a $100000000000.00 a year flowing from the north to the south. how much is following today? $80000000000.00?

yes, so we still far short. i'm not, not necessarily optimistic, quite frankly, in disregard. so that this money will flow, at least that it will flow at the scale required, but also it will flow at the speed which is really determined by the climate crisis . you should talk about that of who pays and who benefits. because in indeed has also been a controversial issue as well because china is considered, for example, as a developing country. will countries eventually agree on that so as to who will end up benefiting from it? because of course, oxford university research, benito said it might just be what he describes the placebo fund. well, let's to me out for a little bit. i mean, what have we seen in the last 10 years? another fund was negotiate. it was a nouns were big from far, 20 years ago. the adaptation fund was being put on the table requested demanded by the developing nations and said, you know what, we are suffering someone needs to pay for the adaptation costs and infrastructure

in future care. ready. and you will find jobs. well, how much money has been put on the table in the last 20 years, in total, under $1000000000.00 a year. but that's, of course, a big number. what are the need for developing? well, just africa alone needs $52000000000.00 a year. so there are funds are ready in the un system which were fought for for many, many years, which were agreed to for many, many years, but which are under funded risk pin. the trick then, because if we take un funds, how influential the international financial institutions that are all so now in theory, going to be contributing to contributors to this, how do they change that equation? but that was one of the sort of the breakthrough moments, the real historical outcome of cop $27.00, the climate from it in egypt was that for the 1st time,

the multilateral development banks, the wall bank, the african development bank, asian development bank. and i m f were front and center wanted parties agree to day news reform. why? because climate risk translate into financial risk into macroeconomic risk. so day now is an agreement that the well bank will reform its business model that it will not just be traditional development, but climate small develop, which means that every dollar, every euro, which goes from the world bank into the fields, will not have this climate lens provided to it at the end of the day, it is not about the millions on the table at the end of the day is quite frank, not even about billions on the table. it's about shifting the trillions and for that's the finance institutions which we have designed since the 2nd world war needs to become fit for purpose while bank gum fit for purpose. but

a challenge is off today, and that was one of the fundamental outcomes call 27 patrick, very briefly then yes, in an ideal world that the finances would work in a way that could help developing countries and continents like africa and parts of asia. but then you also have those issues of conflict and we're seeing now obviously ukraine and russia and how that's impacting not just on europe on the rest of the world. so therefore, germany, for example, is now burning more coal. britain is talking about it. these are where you might say a spammer is thrown into the cogs, the wheel of development and sustainability. nobody can predict it, but it does happen, doesn't it? how long do you think it's going to take for you might say the world to readjust if and when pieces declared between russia and ukraine? yeah, so what we see now is these fundamental systems shock. you mentioned ukraine, but also not forget to recovery from koby would still is hampering many economies

across the globe. and on top of that, there was the climate of crisis. what for me is fundamental is to realize we can talk about reparation recovery, but would it not be better to put our investment, particularly in the low carbon pathway to stick to the mitigation, jarvis, which we have promised since 2015. that was in my world, a big loss from shotwell shake. we didn't really increase our ambition. what we promised last year we would increase our ambition to reduce a common footprint we didn't deliver. what we did, the liver is a font without money in its mean, is that enough? certainly, it isn't on your question in terms of how long will it take? well, obviously the conflict of ukraine will lead to even more fiscal constraints, but at the same time, it's not just government resources. what will have to come up and put on the table for the climate recovery. it is particularly the private sector needs to come in,

patrick vicki and from the global center on adoption. joining us from rotterdam, thanks joining us on counting the cost. thank you very much. indeed. the britain's economy is in recession expected to push half a 1000000 people out of work, and it's forecast to shrink even further. next year. the bleak outlook comes as the country battle decades. high inflation rate, again comes to millions of people. and now britons will have to tighten the belts even further. the government wants to balance its public finances and does announce a $66000000000.00 fiscal plan, which includes tax increases and public spending cuts. the time means that more british people will pay higher rates of income tax and higher energy bills. it also includes a substantial increase to wind full taxes on the profits of oil and gas companies and additional investment in schools and the national health service. however, big reductions in public spending were pushed back until after the next election in

2 years. jeremy hunt, the british chancellors plan, could inflict more pain on millions of british people who faced the biggest hit to living standards. since records began, the office for budget responsibility predicts household income to drop by the most in 6 decades, down by 7 percent over the next 2 years. that's worse than what the government spending watchdog had full cast in march before would wipe out the past. it is improvements of incomes. the rising cost of living eats into wages. that'll effectively turn the clock back to 2013. to discuss the impact of the fiscal plan, all the british people and what it means for the countries finance is i'm joined from london by patrick parrot. green. patrick is the chief executive officer at p. p. g. mccray could help you with us on counting the cost. patrick and the prime minister has such a very bleak economic forecast that he's presented to the nation, and partly blamed it on the fall out of the pandemic and the war in ukraine. how

justifiably can continue to use these shoes as an excuse for the woe is that the united kingdom x is experiencing right now? i think it's really quite a good some both. i was trying to vend, sorry, regarding this sort of actions. one requires doing all of no significant government action and we should forget that many other economies of suffering 70 difficulties . he's probably overlaid the grimness and as a deliberate tactic. so sort of over compensate for that brief nightmare of what i call the cluster trust. and so it's, it's, it's, if you, it's sort of game of make everything grin outplayed, things can be better. well, let's talk about that. let's trust scenario. and obviously jeremy hunts opinion of the countries finances and how to better the united kingdom financially. a very

different to what lives trust had proposed with her former chancellor as well. i mean, how much of these proposals that we're hearing now are a repair job, and how much of it is that to reassure investors that they should be putting their money in the u. k. and not to worry, they won't be any more policy. you turns. i just said, i think there is a deliberate smith coming, shouldn't forget what she soon next original policy when he was chancellor unable chrissy or stare. and it's probably being a bit of an extra swing to reinforce that credibility. not credible as he has been has benefited investors. so we look at you kind of a bond yields that back to where they were beginning of september. and actually they are considerably lower compared to if you look at bond yields and us treasury yields are actually much higher. the government bond market has had a stand up performance so, so look at pounds. pound is back at 121 for not harley overnight. low about one of

the 3 and a half and actually the pretty well it is one of the full few major global stock market that is up year today. so investors seem to actually really love the credibility of the government. i mean, you just talked about the fact that she's due next opinion before as he was when he was transfer with all steer and jeremy hunts, actions have made the countries see further into the hospital or sterility bracket . i mean, what's your opinion now about the way that the government is talking about budget holes, increase taxes and spending cuts? i mean, what sort of noises are you hearing from your colleagues in the financial industry about whether this really is the lands but as far as the lectures concerned, the tori's doing in bad shape and hope. but actually the electric likes the truth

and that actually there can be overdone downside, i think for example, a lot earlier on this week we have the license already numbers. they were much, much lower than was full cost by $70000000000.00 pounds in total. so the res, fiscal room, then i think over time we will see less or sterile and they're very technical factors. why the, i don't really go for the story about the budget. hope a lot of it is sort of balance sheet related to so much back is about that $25.00. that is inflation bones. but that the money does not have to be paid until those bonds mature. and most of those bonds only mature in about 20 to 30 years time. so i think going forward the world economy is clearly struggling, but i think we are actually going to find is most fiscal remove on the outside going forward. so they've had to swing the pendulum to fall to sort of redress the effects of trust. but i think that pendulum has swung to fall. and if anything we

might get some better news going the other way as we go into 2023 and 24. let's talk about 2023 because there is a suggestion and potential for energy bills to rise in the spring. i mean, how long do you think jeremy hunt or jeremy hunts i dares have got to prove themselves as the right way forward in a country that seems to be ever present using the word poverty across all of the social classes. wow. i mean, i could see the yeah, i could say that i was just reading about the rise and off trading food bank usage . it is tough, but one of the things i would say about the government's policies is actually the very progressive. and i think when we get to the next years, energy bills, where we've already said they could be slow, it had to be local global gas prices and how the world's adjusted to the war in ukraine. so i, it's an under and i think we'll see

a more progressive policy. so rather than people like me getting a rebates, when i don't really need it. i think the policies with the next round will be more directed towards exactly those people who need it. most we often heard in the last few months that britain wants to be a leader not to follow. and yet within the the g 7 it's often described now is how will the smallest growth economies within that large rich group of countries. it's not a position that the united kingdom really wants to be in pacific going to be very difficult position to get out of. and to convince your g 7 and g 20 partners that you are forced to be reckoned with. economically, you know, i still think we are clearly still trying to be reckoned economically just because we actually look at when we talk about the technical details about g d, p growth, german genie. hey, it's barely where it well, so we're already but we are barely back to where we were as well. so i think parts much is made about g d p and there is no flaws. what look at what

kind of what has done in smooth gosti and crying apart from the u. s. being the single largest donor and both of equipment money. so i think that b k will continue to have it's white. so i, i think is a there's another sided equation that upstream just because the very next you take tends to get an excessive amount. retention brought to its importance in the global economy as a whole, or see what happens. certainly in the coming months, patrick, parrot green, thanks so much for joining us from london. great. the world cup isn't full thing and football as governing body fee for says it's $7500000000.00 in revenue from taking the told them to capital. that's the increase of more than $1000000000.00 compared with the tournament in russia 4 years ago. the earnings were boosted by an increase in sponsorship deals, including count on energy and telecommunication stub. a redo fever invest most of

its endings back into the development of football basements. income comes from selling tv broadcast rights for the world cup. people also draws in cash through the licensing of its brand while the world cups and pull brand assets, such as the names of the event, the trophy, the official emblem, and even the mascot attract global recognition. so how can vary caloric value be protected? there is this all been job explores the role of intellectual property rights in sports finance with da and tank, the director general of the world intellectual property organization. p. far in the walk up rates vary connected as well. well, 1st of all, this technology in the will come, there's a lot of brands in the welcome that's broadcasting right straight and all of that combine to, to meet and help fee for us to be able to, to, to be able to monetize that radio. the broadcasting rates from the fif will come,

it will be $3000000000.00 and an ip rates and spots globally. right. reach $50000000000.00 or 2 years ago. so there's a lot of connection between ip support that people don't realize. so where does cutter come into all of this? because it is the 1st time that the cup is happening in the middle east has been working towards intellectual property towards a knowledge based economy. why know, katara cuts us is, is, has ambition re, to be technology and r n d center as well. and just earlier this year, one of my senior colleagues visit katara and sign it and will you, with a couple of in the season. i mean, behind the fire you see, cause you see right to see how we can bring ip training to the newest, the graduates. why? because i scatter diversified economy and is it connected? the wall, right? we need to support young katara innovators, entrepreneurs, creators, researchers for and ip is there too, that they need to use to be able to, to bring the i just the market. but intellectual property is not just about big

companies. let's find out how the organization promotes it. among small enterprises . we won ip, not just a what for big companies? what we, when they work better for s, m e, 's and start ups. our priorities for the next 5 years will be on woman youth and small medium enterprises. we were focusing on creating projects that create impact on the grounds that bring people in ip much closer together. so with some poor a, we've just launch a project in the petra region from jordan to support 35 woman entrepreneurs in that region to use i. p. s. s. as to allow you to use ip as part of the business journey . we've just launch a project last year and you can do a right to support woman entrepreneurs in uganda. the youth ip to skilfully as part of the business strategy to be able to market brand and package products. so we're trying to, it's betty bring ip to the grounds and create projects for where people, future ip funded life is felt. we're trying to bring this to your type that i piece only for big companies and not with them. you're trying to biggest your time, the ip is only for the global, not, and not for the global self. and by the way,

$7.10 ip right now comes from asia, middle east africa and latin america sort of will as change. and that's our show for this week to get in touch with me by tweeting me and so underscore rahman. and to use the hash tag a j t. c. c. when you do drop us an e mail, counted the cost or doc net is our address. but then multi line to college, they have a dot com slash cd state. that'll take you straight to our page, which has individual reports, length of time episode, thank you to catch up on that's it for this edition of counting the cost on the whole robin from the whole team. thanks so much for joining us. the news is next here on out of the december analysis era, the middle east verse woke up takes place in guitar, with $32.00 countries. buckling gets out for sports biggest prize immersive has no short documentary is african direct returns,

showcasing african stories from african filmmaking. amid a deep political crisis and worsening economic conditions, she nicea goes to the polls just months after a contentious constitutional referendum combating the climate in nature. crises of rise meet the people who believe global stems must change. joe biden host. some 50 lead us from across the african continent with the aim of underscoring the importance of us africa relations. december on al jazeera ah al jazeera, when ever you oh.