she's out great clinicians, but it doesn't take away the, the art of the inside of the actual diagnosis and putting the whole picture together. it's very complementary and very helpful for the clinical workflow. radiologists are also beginning to use a i 8 a detection tools for breast and lung cancer is very good at finding find the chair and human would have to spend a lot of time looking for. another aspect that i might be very helpful for is following up something i retired good computer good at measuring stops or seeing human gets bigger or smaller retreatment. it's patients responding to my trick, fire change of treatment. doctors say these tools were compliment humans in the clinic, not replace them because at the end of the day they're all tools and they will make, they currently are not perfect. they make mistakes. so you do need that expert radiologists, to, to make that final decision. and that means doctors could potentially work faster

and identify risks more accurately, to improve health outcomes for patients. ah, hello again, i'm fully back to go with the headlines on al jazeera israeli forces have stormed the acts, a mosque for a 2nd time on wednesday, firing rubber bullets on palestinian worshippers. ah. according to the palestinian red crescent, at least 6 people have been injured early on. wednesdays. really forces stormed the mosque and fired son grenades during ramadan prayers. at least 12 palestinians were injured in that attack. al jazeera natasha go, name is unoccupied. issue is lemon. explains what led to the latest violence. what we saw happening today was not in any way a surprise for those of us who've covered this issue extensively. on tuesday,

there were calls on social media by hamas and others, urging palestinians to go to l ox, a mosque, and quote, defend it from the occupiers. and the reason that this call had gone was going out is because a wednesday is pass over for jews and there was expected during visiting hours for non muslims to be a greater number perhaps of jews visiting the l. oxer compound, taiwan, president sy, in when has held a historic meeting with us, how speak a kevin mccarthy in california. it's the 1st meeting of its kind on american soil since the u. s. ended its official relationship with taiwan in 1979. mccarthy says the purpose was not to escalate tensions with china. jane, which considers taiwan, part of his territory, has condemned the meeting and promised what it calls a resolute response. francis president, emmanuel, my call says china could play

a key role in peace negotiations between russia and ukraine. he's on a 3 day state visit to b g for the 1st time in 4 years. my car will meet the chinese president cheating thing on thursday. and representatives from the united states and the u. k. were among diplomats walked out of a un security council meeting on wednesday, russia organizing from a meeting to discuss what it calls a transfer of children from ukraine to moscow. the west says the children were abducted, russia currently holds the rotating presidency of the security council. next on al jazeera, it's counting the cost. stay with us. 25 years after the good friday agreement and did decades of violence in northern ireland. you as president joe biden is to mount the anniversary with a visit to ireland. al jazeera examined the agreements legacy from the impact on people's everyday lives to political power sharing. and stormont meant how brick state is forging new realities.

i and i'm the cloth. this is counter the cost on al jazeera will look at the world of business and economics. this week, russia is increasingly turning to chime as you on, as it's foreign currency of choice. and moscow supports the use of the yawn and trade with other countries. could that threaten the u. s. dollar? also this went ukraine, winds at the i, m f, 's 1st loan to a country at war. why did the international monetary fund change its rules to lend the nation and what all the terms and conditions for key? and the i m f has agreed to inject millions of dollars into sri lanka economy. is it enough to help the island nation rate in its debt? can the government revive economic growth?

ah, so since being shot out of much of the global financial system, russia has sought alternatives to soften the impact to western sanctions. is turned to china for an economic lifeline and trade between the 2 countries. hence, a record of 190000000000 dollars last year. much of those payments were made in chinese and russian currencies. the 2 biggest g, a political rivals of the u. s. one to counterbalance the dominance of the dollar worldwide. and russia is increasingly embracing the u. on, even before the war, rushes central bank tried reducing the country's dependence on western currencies. but the invasion has further accelerated those efforts in the 3rd quarter of 2020 to foreign currency and the russian banking system fell to an all time low, 15 percent. and in the past year, the share of the dollar and the euro transactions on the russian market has

declined. meanwhile, the on over took the us dollar as the most traded currency on the moscow exchange last month with the market share of close to 40 percent of trading volume or russians president is making efforts to get other countries to pay for trade in chinese currency. after his meeting with the chinese president choosing pink in moscow more than a week ago, let me put in said, we support the use of chinese won in payments between russia and the countries of asia, africa, and latin america. the russian leader also expressed confidence that such forms of payments will be developed between russian partners and colleagues in 3rd countries . the meeting between she and putin was meant to cement that no limits partnership which was announced last year. and the 2 leaders have agreed to expand the economic ties. china is already a major bar, discounted russian oil and gas. it's imports of russian coal such 20 percent more than 68000000 tons. russia has also been ramping up imports of chinese goods,

including machinery, electronics, based metal vehicles, ships and aircraft. well, the u. s. dollar has dominated global trade and capital flows for decades. but it's sharon global central bank reserves. it's dropped to less than 60 percent from roughly 70 percent 20 years ago. the euro share has gone up slightly since since launch more than 2 decades ago, from 18 percent to just under 20 percent. and while the u on is being widely used, it constitutes less than 3 percent of global currency reserves. and china attempts to expand the currencies international role. hands face ro, blogs will dig more into that with, i guess. now, joining us from london is maximilian has who's a fellow at the foreign policy research institute and political risk consultant max, welcome to the program. first up in your view, how significant is this shift this russian adoption of the one? thank you for having me. i think the russians adoption of the one is not really

a story about you want to strengthen, certainly not a story about the one replacing or immediately challenging the dollar is the key global reserve and more importantly, global trade currency. this is a story about russia's weakness in the back. russia has huge issues trading the dollar, what the western sanctions regime mean? is there any hard currency that crosses border, physically or additionally, with russia automatically has discount to that currency abroad? how large that is, the key effort and sanctions authorities and russia tries to resistance. but because of that, russia has shifted to trading in the wan, but even then it's still not quite as much of a share brushing exports as dollar trade is still today for 14 months on from the beginning of the war. right? a max, what are the risks associated with it, especially bear in mind and you know, china's propensity to sudden evaluations. certainly that is one risk. the other issue is that there are still capital controls in china,

and how freely russia can move changes. you wanna hold these into other currencies and shout as well. we saw this actually in the aftermath of putin and she is summit in moscow last week. the kremlin formally requested the restrictions on renewing the trading. ready and change ability so that it could denominate arbitrate with africa in the currency. and beijing so far has just now responded to that request. and how wide spread is and one's use within russia. russian people and businesses encouraged to use. well, until last february was very rarely use the russian central bank to shift some of its holdings over the preceding 8 years since the 1st and vanity in 2014 and to the new one. but it hadn't really been a major instrument of trade savings or credit financing now. so the russians open up some savings products in the u on we've seen trade, obviously with china, with some other countries increased pretty substantially. but for me,

which really isn't china still hasn't oper, rush a long term financing, even with the one. so the credit market there is still really incredibly underdeveloped and tiny iota. what the dollar credit market was, was the max you were talking about, the increase the current war and what's happened there with the sanctions and so forth in making this happen. to what degree will this, this pivot and make a difference to the russian economy? well, you know, i think it really puts us in a position where it is dependent on china or tray rush actually runs a train or bus with china on like, you know, western countries. but the way to think about this in my view is not really for a position of strength, but really that china is happy to say, well, we'll take as many russian commodities, some of which we're now going to do discount as a result of sanctions on the oil in particular, the discounts are in the grade as they are rushing seaborne, trade oil for the rest. i put all that comes in. so rush is essentially become

a commodity supplier state to china. chinese exports, you know, to russia have increased somewhat. the key thing is that the regime was particularly material defense supplies and advanced technology has not yet been forthcoming. so, you know, i think it's really representative of the balance of power in that relationship. and what about putin encouraging other countries in asia and africa and latin america? to use a go on? well, has actually criticized what he calls the dollar system for the last 20 years and what is known as the exorbitant privilege of us dollars. it's ability to borrow deficits, but a geopolitical basis also gives us significant political strength through the extra territory our limits, sanctions, regime and longest shape against this and wants to push to have a move away from it. but the rule is not really a currency that is attractive for anyone to serve as an alternative. so he's

willing to promote the chinese one. but this is rhetoric we've heard for 20 years. and as you mentioned in the beginning, although the dollar share global reserves is down a little bit over the last 20 years, it's actually come back up a little bit in the last few years is still by far the key trade currency. and i am very much of the new, the dollar has money is not under immediate threat. you know, we found ourselves in an economic war between the western russia and the west weapon read through the dollars system. there is far larger, far more powerful and makes that unbalanced conflict and naturally shapes against that because he wants to take on that order as part of this conflict in the dollar, not under immediate threat to say, but perhaps down the line of the storm clouds. well, i think that, you know, china as a 20 or 30 year plan to really replace the dollar, or at least to put china's the key note in the global, international economic order. you know, what's very interesting is, you know,

from my view, i'm very much a russian specialist background. russia has long chance to get these things. but the u. s. largely has been unaware of some of the geopolitical strengths of the dollar and the history of how it came to be. so powerful is really a series of u. s. policy mistakes and inadvertently, facts west china seems to have a very coordinated and driven long term strategy. so i don't want to say that is not a risk, but i think, you know, for china long term effort. and my view is one of the issues with this, you know, russian, chinese and balance and why we haven't seen the credit aspect to it so far because that's what most strictly sanctioned by the west is the for now china. so she's russia's efforts as more of a threat to its agenda that does an opportunity to advance that may change at some point. i think that's the key question around the economic aspects of this global conflict. but for now, i think, you know, china strategy really is not one of the race in russia,

as apartment there and more be hesitant because it has this much more long term strategy. and it's happy with the order. it just wants to be number one, whereas russia effectively wants to undermine it, are right. and as far as china is concerned, just to wrap it up and long term strategy for sure. but what kind of road blocks are in the way of it? expanding its currency, well, you know, the check capital controls that are still in place on the chinese. you want to really by far the key one until that happens. ready chinese currency won't be seen as a means of savings and deposits internationally, or is trade because people want to get caught in that, you know, despite there being some talk elsewhere in recent years, we see this every time this, your political crisis at the end of the dollar system, you know, they're still very few people internationally were willing to get paid in you on. whereas u. s. dollar bills are usually accepted pretty much everywhere you from a fish market in russia to a traders in hong kong,

regardless of the level of geopolitical tensions. max, just great, get your perspective, appreciate that. thanks a lot. thank you for having me. ah, well, russia pits to china, you create appeal to international aid to keep the country running. the economy shrank by around 3rd last year. it's budget deficit has risen to $38000000000.00 and to rebuild the water nation. well, that would cost billions of dollars or, but his estimated less than half of the money pledged by the west has reach keith. the nation is now set to receive a loan from the international monetary fund. and that is a 1st for country war. the m f is agreed on a $15600000000.00 funding package to ukraine. it's expected to be approved in the coming weeks. the 4 year funding deal is also one of the largest financial packages . keith has received since that russia's invasion last year. it will help you crane close its massive budget deficit and support his bid for european union membership

a status on joining us for stock. i'm is toby on becca. he's the director of the stock. i'm institute of transition economics. also a board member of the keys school of economics toby and welcome to the show at so the have has not granted loans to countries that war in its entire history. why does it change the rules now? do you think? i think these are extraordinary circumstances. that's the very short answer to this . if we remember that the math was set up after the 2nd world war when we had all the difficulties in the war world back then. and this now is the 1st large scale war in europe, when the aggressions from russia to your credit. and so, you know, these are extraordinary circumstances and i think we have to look at it from, from this perspective. shaw, that's why this particular war. i'm one of boys, unfortunately, over the years of a nice why wouldn't they support those to those countries to yeah, i think, yeah,

i think there are different aspects to this. of course. one is, of course, the math is political institution in some ways we have member countries that need to think about how they want to support countries that have difficulties. and one important thing region here is of course, that ukraine has very strong and powerful friends at the board of the mass to control so large share of devoting of the i m f port of course, like to country your opinion in the u. s. department countries that have support. did you create now over this last year or so? so this figure of $15600000000.00. how will it be distributed and how would it be managed? would it be all for the rebuild? no, i mean there are different phases of this program. the 1st one is of course, to make sure that the country can deal with its economy, challenges in the short run, you know, plugging the hole in the budget that you mention,

and making sure that ukraine does not need to print money itself to finance its big deficits of this is more in the short run that step illustration of the macroeconomic situation and then going forward. it will also be part of the reconstruction process, but we're not there yet. as you know. yeah, i mean, while the war goes on is just like trying to stem a flooding dam is ultimately the country needs the war to end to rebuild its economy. yeah, absolutely. and it needs to continuous support of countries from the european union and from the u. s. canada, japan, et cetera. and what about the conditions of this funding? tell us about those? well, i mean, all of the i m f programs have the idea that countries have to just policy today will be able to repay the, the m f at some future day. and there's always this idea that money should be spent in a way that supports sustainable growth and all sorts of other different dimensions

of the economy. and this is no exception in the so, you know, there will be discussions about besides so budget deficits, how you run monetary policy. and then also the institutional reform sling to independence of central bank legal system, etc. which is, you know, standard things in the math program, right? a standard, but there's not a standard situation. ukraine as a country, it was kind of on a commitments when it's at war in this way. well, i mean, there's much more uncertainty to this program than standard i m f programs course, but i think if we connect back to the idea that this is based on the fact that the import, the powers that are part of the i m f is actually agreeing to this program, i also think of this as a signal that they will commit their own funding and help and assistance in different ways to make sure this is a sustainable lineup program. so basically what, what this means is that,

i think this is a signal that the u. s. and other parts of ukraine are serious about their commitment to, to help you to create for as long as it takes, basically, you say, are a lot of money that should have gone to the crating government that has not reached the projects it was meant to go to lot of corruption. how do we, how are we sure that that won't happen here and how should that be fought? there has been a lot of progress, of course, in terms of dealing with corruption, a lot of the different parts of ukrainian society and external partners have a lot of focus on corruption. of course, as we know. and this is one of the reasons that the 3 sent, the, you know, scandals with corruption has come to the surface sites. in some ways, this is a pretty good sign that now people and institutions take this very seriously in ukraine. it doesn't mean that it goes away overnight, but it will continue to be one of the top priorities to monitor and make sure that

money is not going away in this way in the future. of course, a final question to you will be on going forward, do you think ukraine will get as much funding for reconstruction and recovery as it did to trying assistance more time economy? well, i think it's going to need even more support in the future. of course, but there, it's also the issue of rush up, paying reparations for the damages has done to ukraine. most of us have been discussed, pass about 300000000000 or so of russian assets are frozen in western institutions . so you know that it's also going to be part of the discussion when it comes to funding the reconstruction of ukraine. but then of course, is going to also need private sector investments bilateral donors and everyone else to help out with the reconstruction in the future. to be on back, i'd great to get your analysis. thanks very much. indeed. thank you.

queues for fuel and now a thing of the past, food shortages, reduced and cooking gas available. again, shoreline cars, worst economic crisis in decades, is showing signs of improvement. but the island nation is struggling to find the funds to important necessities repay more than $6000000000.00 every year until 2029 . the government has secured a net $3000000000.00 bailout from the international monetary fund. the loan comes nearly a year after tough to go see asians between the i m f. sure lanka and its creditors . china has agreed to supports relying because debt restructuring, which was crucial to secure the package that followed similar arrangements by other creditors, including india and japan. the government is also imposed unpopular measures to meet the i m. s. requirements including raising taxes, utility prices and cutting subsidies on fuel and electricity. or joining us from a colombo and sri lanka, child, dumb singer. he's the product,

head of macro economic and the math research at frontier research. i welcome to the program. so this deal many $3000000000.00, but it enables another $7000000000.00. how useful this is going to be for sure lanka, the deal. so if there's the money that comes in the money that comes in it, so right now, it's not something that's going to be a game changer. why he's a game changer, has the potential in the future for sure. lanka is that this is essentially the next spot in the or you could all be restructuring on the country, the overall the coming of the country. so this allows you to move forward on some further the denali cut off, maybe development. so the way back the, to, we know, finance some of those if and move forward and also allows us to move forward with the directory instruction box. so starting that process is this, i have a program beginning and really crystallizes. and of course, the road ahead, but the long road is not able to stuff that we got in the back. so we should be looking more than medium to long term. as far as this is concerned, very much,

i mean the, the factors or the reforms needed, they can always ultimate as needed to take up to the beginning long to really have to stop. now of course, but this allows us to, of the growth is and move forward. yeah, i was going to say because the conditions mean that you have to act now to have the load in the 1st place. so immediately will it help shore up the economy. so or the last 6 months or so, a lot of the arc shortages are in the countries that started out. and that started primarily as a result of the economies contraction. the deb putting down demand that has meant that some significant amount of those product shortage is i think people at the margin on that side things are looking to already. this does allow us now to, for example, reforms as required for the state or that rises reforms that are required on the energy for us to move forward with that. so yeah, this is very much a critical part of it, but it's important to justify the countries being through

a lot of all started as it is. it's just the way it goes with these kinds of deals that you have to go through. morris therapy become a country cope with that. what we see more protests, it's not catching itself that required. you know, the fact that we lack of the economy, it had taken to a very unsustainable level. and then from that point, you ought to recover, you need to forget the typing up as you need to reverse some of those policies. and once you've taken on of a consumption driven base, typing dose, that does entrapped. by being said, it's a really fall, it's one thing that has part of who is high taxes, especially on the progressive and for high come under the orders about that there and discussions on how in the future that might be g. so there will be opposition. some of you found to specify those that are directly affected, but in terms of what directly effects brings up, the majority of the country was the one thing that helps you the fact that there's actually a mini mom spend require deny programs for social fest with the company is required to spend it being a percentage of gdp on social,

but of course the one that really the fact that the fuel subsidies within the terrace had been made cost effective. the problem wasn't any other option. other than that because of the absolute bad in the to. so we're dealing with that the alternative gravity, but with the fact that that is the case that the payment. so that's part of it remains recently. some prices have started to come down with that currency started just because students will go below practice coming down there. that's hopefully that kind of actually can help me to get some of the pain on the, especially on the work in the shop. do the need to drive up exports. how does the government plans do that? so, i mean, she's got all these wanted to drive up if export and they've had different different strategy and different, different plans for me. from my perspective, i think it's about getting any barriers all the way and creating an environment that is more conducive to expand for an export services. so that's what look look like structure the font that would look like proving or getting rid of regulation

or over a nation and allow for the current to reflect market conditions would also be one of the because economy has a tradition of digital last 1520 years because it controlled which has served as the export of this at this overall cheating. d could help create a better model. but only time that how much, how much it would have a business is it really suffered over the last few years, especially in the past year. and the poor to will money be directed in that direction, especially on the i think the and that said, i think like i said that either the minimum standard wide for those. and that is to do that in nominate it will be terms see mean an increase in the market will be spent in that country better. also seen some of the factors that lead to the deepest contracts that are very long reversing the interest rates are starting. voluntary lack of currency also the some sort of like i said, these factors just mean that we're directly does struggle with the gender of the

overly can we can bottom and improving that should create a situation where a lot of the ground do feel less and less they more involved moving forward. how would you see, i feel like as economy in the company as time, as long as the longer can speak to this overall the fall trajectory? i think that he's pause for a lot of options on it because having to stick to the requirement that is the little bit of the difficult part of the company tradition in the sticking to these kinds of back us. you'd like us talking this, this time from a very, very deep contraction than mine to the financial space to reboot because previously could reverse and wait 2 years for the next to be. so now you supervise the need, get to the next month or so. so hopefully that prevents a reversal on but, and on, on that basis i am optimistic but cost us up to see on what the future of the

country dumps again, thank you. so we have our show for this week. if you'd like to comment on anything you've seen, you can tweak me, clark al, just please use a hash tag, a j t t c. i'll just drop it in the mail, come to the cost 0 dot net is our address, but there's plenty more view online charges or a dot com, forward slash ctc. that'll take you straight to page, which is individual reports, links an entire episode. so that's it for this edition of counting the cost on the clock and the whole team. thanks for joining us. the news on al jazeera coming ah ah, along with

a meeting of minds all out is kind of suggesting other words to us saying, what would a world like this be like the fan yoga mainstream economics. if that happens in the other profession, they would all be fired. yeah. or not just fire, they would go to prison. musical innovative brian enough meets renowned economist hygiene chang. i see a lot of hope. i see a lot of experiments going on in the world. a new season of studio b, unscripted coming scene off the law will the law win with neither side, willing to negotiate is the ukraine war becoming a forever war? is america's global leadership increasingly fragile? what will us politics look like? as we had to the presidential election of 2024, the quizzical look us politics the bottom line ah.