land improperly seized from them, and in 1988 paid $1200000000.00 to japanese americans in turn during the 2nd world war. a task force would like to hear from everyone. the task force must complete its report by july. first, the commission's ultimate recommendations will be purely advisory, the states legislature and governor will ultimately decide what if any reparations are given a process that is sure to prompt war debate about history, equity, and cost. rob reynolds al jazeera los angeles. he can of course, find out much more about the stories for following right on the website at al jazeera dotcom. ah, mind of the top stories here now to 0 at these 5 people of been injured in the laces burst of mileage in israel. the attack happened in television on friday night

local time, the victims i said to be foreign tourists. elijah attack was short and killed by security forces. would abdul hamid is following developments from occupied east jerusalem? i think the producers still trying to put together the chronology of events. the latest we have heard is that this was a combined ramming. i'm sure to get back that happened on the water from from an ad in tel aviv. it was carried out by a man from central israel, who had no previous criminal record. now, what happened exactly is still a bit confusing to understand. we do know that this man was driving a car. he ran into a group of 2 hours earlier to his release were killed and another series, the engine as shooting in the occupy westbank. these really army says the attack has targeted a vehicle near an illegal settlement in the jordan valley. it says all 3 victims

were female. ah, israel is used for some palestinian worshippers for a 3rd time and occupied east jerusalem as they made their way to alex and mos hundreds of people later protested in the compound. israel's military says sit carried our ear strace in garza on sites belonging to hamas. that's after it intercepted several rockets far from the region. there were no reports of casualties. israel also carried out strike some parts of southern lebanon. the miller, she says it was in response to that barrel of rockets. it says it was fired by hamas. he was sentenced to totally dis, have demanded immediate release of the wall street journal reporter, arrested in russia last week. u. s. citizen evan garcia, which has been officially charged with spying, and has pleaded not guilty. he's being held for 2 months in pre trial detention

following his arrest the kremlin said he had been caught quote, red handed. those are your headlines come to the cost is coming up next, looking at the impacts of oil production cuts on inflation c versus 25 years after the good friday agreement and did decades of violence in northern ireland. u. s. president joe biden is to mount the anniversary with a visit to ireland. al jazeera examines the agreements legacy from the impact on people's everyday lives to political power sharing, installment downtown rick status for watching new realities. i a lot in the cloud. this is counting the costs on al jazeera. you'll look at the

world of business and economics this week. it was an unexpected decision by opec plus to cut or low output, with st. price is higher. so why did the saudi lead group cut production? and how does that affect the fight against inflation? also this week the u. k. agrees to join the asia pacific trade block and the prime minister says the deal demonstrates the real economic benefits of britain's post bricks at freedoms. but does it class africa alone needs more than 3 trillion dollars by 2030, to avoid the worst effects of climate change. but the continents received only a small fraction of the required financing. ah. so the saudi lead oil producing group had signaled that would hold all supply steady to maintain a stable market. bought in a surprise, move the opec cloth lines, which includes russia, slashed output by more than 1000000 barrels a day. it's 2nd cut in more than 6 months is fair. this could send oil prices back

to $100.00 a barrel and may raise tensions between riyadh and the united states, which has cooled on the kingdom to pump more oil in a bit to tame inflation. may consume, chevy has this report. us preston, joe biden downplayed the impact when major oil producing countries announce production cost. but it's rattle markets and send all prices soaring. all alliance opec i'm its allies, including russia, known as opec plus account for about 40 percent of global crude output. it's a pretty big deal. i mean, you know, they were picked plus, had been signaling previously and that's kind of the steady as she goes. output strategy, but if you take a look at their market behavior in recent years and months, i mean, not so surprising, right? so oil had been showing weakness, it have been under $80.00 a barrel persistently,

which is seems to be an informal floor now for, for the saudis. at least you see oil at or under that level, you have to figure that the, the saudis, or at least thinking about taking action prizes have been volatile in the past year . on april, the 3rd brand crew traded close to $85.00 a barrel just weeks before it did to a 15 month low of $70.00 a barrel. and in early march 2022, after russia invaded ukraine, crude rocketed to more than $130.00 a barrel. unless one, the cuts will push our prices and make it more difficult to reduce the cost of living. anybody that's producing oil is going to benefit from this show oil producing countries, lots of spending going on in those countries. lots of lots more investment upstream in producing more oil, as well as, you know, social programs construction plans,

you know, lots of infrastructure, spending, those countries. i suspect that's going to continue. and it's also going to push ya, you know, inflation in the rest of the world. the move comes as global economic growth flows . it's also likely to further race tension between saudi arabia and the u. s. which had all the producers to increase output to bring down prices, and the consumer sharif al jazeera for counting the cost. well, joining us now from edinburgh is toby and sold bets. he's a principal at mina analyst at the risk intelligence company, various maple croft and toby, and welcome to the program. it's not so much steady as she goes. why this move now? do you think? well, that's the, that's the $1000000.00 question right now. i think it's fair to say that the, the announcement pretty much caught everyone off guard to some extent. i'm probably as a result of that, we've seen a fairly broad range of different explanations for the cause. some of them leaning

more towards this being a political decision and then others, you know, leaning more towards just being market based. and i think when you look at it now in a couple of days, and you know this, this definitely several layers to this cause. of course, the official line is that it was a precautionary measure aimed at stabilizing the markets. now of course, opec doesn't officially talk about prices, but at the same time, it's not really controversial to say that the prices that we saw earlier this month kind of moving down towards $70.00 per barrel, was a lot lower than, than what i would like. and then you have another really interesting angle at the moment, which is once the saudi energy minister ability of been some on, sometimes referred to as a b. s has been talking about now for some time. and that is that opec wants to keep oil market speculators on their toes. so part of this car was probably also intended to, to kind of send a shot across the bow to, to short sellers. so really, the short answer here is that it was probably

a combination of trying to support prices, some concerns over demand and the global economy. and then also making sure that speculators as, as a b s put it quite funnily, what would be outing like hell. and then there's the argument, the that some is saying that saudi is, i'd like to study a full of $80.00 a barrel below, which it will never go now. yeah, so i mean, i think when you look at most of the old price forecasts for this year, they have been kind of ranging between $80.00 and $100.00. and the thinking there is that, you know, as you say, you know, opec is trying to defend $80.00 per barrel. and then on the other sort of, and i guess you have the united states and china trying to, to put a ceiling in not around $100.00 per barrel. last year we saw the united states uses s p r, strategic, bullion results reserved, quite extensively. that probably prevented a major surgeon and price is beyond what we saw. and then again, china as well has a very extensive s p r that you can use to kind of try and put a ceiling in to sort of counter the opec florida. if you like, right,

and for russia, for them, it is good news that the price is right. yeah, i think it's a so for all producing countries and higher prices is good up to a certain point. russia and opec has to be careful. of course they don't push price is so high that it starts to, to impact impact demand, a tense time for the global economy. and now for russia, there is obviously the element of the, of the g $7.00 price cap. but it, when you look at sort of the, the nitty gritty of, of the global trade. and then the way that oil trade works is really difficult to make that water tight. and to make sure that it works properly. is very hard to say exactly how well the, the price cap is works so far. so the bottom line is still that, you know, higher prices. well, this is good for russia. and you know, price is always been a sensitive topic when it comes to politics. but it's, it's clearly even more sensitive now that you have, you know, the war and ukraine and the fact that, you know,

increase revenue for i size is good for russia and then the russian war effort. so that part explain why all prices become such a sensitive topic, even more so than in the last 2 years. so what about the us side of things? if you, as president joe biden says it's not as bad as we think the prices have shot up by what they sent at, which is pretty hectic. yeah, i think the yes, reaction this time is really interesting. i think you can contrast it with last autumn. the last big overcoat which took place last october and the us came out very, very strongly than and threatening no consequences. and really trying to push it back against that cause. and what it actually happened was that it ended up being counter productive. and in the sense that the u. s. reaction just drew more attention to the cart and probably amplify the impact of the car. so it looks like they've, they've learned their lesson from land from that time. so it's been more me to this time. the wind has said that, you know,

they don't think this car is advisable right now, but they're still coordinating with opec. they apparently were given a heads up beforehand, you know, broadly speaking relations between saturday and yes, you are going through a difficult moments. but you know, both sides are trying to manage this and it looks like it's, it's been a lot better manage than last october when, when things are really kind of reaching a boiling point. but it's interesting is that because the u. s. is well to large consumer oil, but also the world's largest producer kind of just stop producing more. well, i mean, the think that this is where it gets really complicated with different types of true grades going to different refineries. you know, the oil comes from, from your sales sector, which has accounted for the big surgeon in us all production of a particular grade, generally speaking. so there is still very much a global market and, and what happens in the rest of the world definitely impacts prices. at the pump in the united states, again, you know,

the strategic petroleum reserve is something that u. s. has used effective in the past, but when it comes to refilling that, you know, some of those volumes has to come from oil that isn't from the united states. so it's, it's, it's, it's not a local market is very much a global market, so that, that is why it's, it's difficult for united states to kind of push back against these, these cards, you know, especially because they, they make massive releases last year. now the biggest release ever so you know, they need to keep some of their powder dry. they don't want to do a drain the reserve to march. so it's looking a bit more difficult for them to, to counter opec this year. but, you know, we have to remember china's role here as well in china can also use it's a strategic petroleum reserve to try and, and put a ceiling. and prices at the moment, you know, are sitting at around sort of $85.00 per barrel. so we're not anywhere near 100. yes. so i think just for now, you know, all of the main act as a kind of just watching to see what is going to happen next. but the try not to panic and i'm trying to stay calm. and how will this affect the global economy in

the fight to gaze inflation? yes, so as you said, we want to see a bit of a spike in all prices, as in the futures market and in the short term. and you know, it's probably not something that is going to push oil prices outside of the range that most forecast expected for this year. but at the same time, if you do end up with brand crude, say no 5 or $10.00 above where it would have been without this cut, then that's all. this is something that ultimately will be, you know, passed on to consumers, especially with transport costs. the good news, i suppose, is that you know, that extreme gas prices that we saw last year, especially in europe as i started to come down somewhat. now with this increase in oil prices, that's going to eat into that somewhat. so, you know, even though that price has been sort of searched massively yet, you know, the cost is still bad news for governments that are trying to bring inflation on the control. especially at

a time when they are really concerned about growing social economic pressure. and the potential for civil unrest as well to be and all that great. your analysis. thank you. thank you. ah law, many british businesses complain the britons departure from the european union has increased their costs and heard exports and imports. and the office for budget responsibility expects the exit from the e. u to reduce the you case output by 4 percent over 15 years. but breaks it supports a say the nation could capitalize on joining trade rocks with fast growing economies than those closer to home. the u. k. just joined a trade pat with 11 asian pacific nations. its biggest trade deal since breaks it. while the comprehensive and progressive agreement for trans pacific partnership or c, p t. p. p. was established in 2018. it includes australia, brunei, canada, chilly, japan, malaysia, mexico, ye zealand, peru, singapore,

and vietnam. membership of the c, p. t. p. p loosens restrictions on trade between members and reduces tariffs on goods. more than 99 percent of you care exports to the 11 other countries will now be eligible for tariff free trade. the deal also aims to cut red tape for british businesses. firms are no longer required to set up offices, or be residents of the packs member countries to provide services there. the trade area covers a market of around $500000000.00 people and will be worth 15 percent of the world's income once the united kingdom formerly joins. while the u. k. has signed trade deals and agreements with more than 70 countries, and one with the e. u, since his departure from the block in 2020, the terms of the majority of those agreements were rolled over from its previous membership of the e. u. the australia deal was the 1st trade agreement negotiated by the u. k. since

breaks it, the u. s. is a significant trading partner accounting for at least 16 percent of total u. k. trade. but a free trade deal between the 2 nations has told. well, johnny is now from london, is vicki price, who is the chief economic advisor at the center for economics and business research? vicki, welcome. by its own reckoning, the u. k. government estimates this will increase economic outputs by less than 0 point one percent. so really just how significant is this? i think the significance is mainly not highlighting the fact that the u. k wants to be a little play, or rather necessarily the impact you may have on g d p, and hopes that that will lead to maybe more tre deals with more countries, possibly even joining. there's partnership and their suggestion, the south korea, maybe china. my do so as well that of course, you know, expand the reach if you like,

but the u. k. has been trying to find new areas to trade with the reality is that of those 11 countries right now in this partnership, 9 countries already have agreements with the u. k. some of them had been rolled over and after we left the you so they were the result of breaks it. so we tried to do more or less. was there in terms of agreements within the you of those countries . but there are only 2 countries that we haven't made any agreements with so far on the trade fronts and those on malaysia in brunei. so that's probably why the games and g d p are so small, but they have been no deals that we have signed more recently. in addition to the 69 that we've rolled over so, so there is a lot of activity going on to just a guess. you know, the, the world to believe that this is global britain. but of course, the loss of the trade or some of the you trade is much more significant in terms of

its impact on g d p. what tell us a little bit more about that, about how much trade is being lost and how much further the guy has to go to try and replace it so. so those are disagreement as to what actually happened so far because, you know, depending on the analysis that you do, there is confusion in relation to the impact of coverage. there's also course, you know, the impact of the war in ukraine and all that has messed the figures up a little bit if you like. but there is no doubt thinking anything you look at if you ask companies. and if you look at the trade with europe, and if you look what's happened, since the co restrictions were lifted, the u. k. has been facing more costs in terms of trade with the u. has been reducing this trade with europe more generally and hasn't been able to pick up in terms of the potential trade. it does like other countries have done since the, the reduction in lots of coventry restrictions. so that suggests that rex it has

had an impact. and the loss of trade with the use has remained. of course, our main trading partner is going to have more permanent or impact on the u. k. economy, which loads and loads of export as are already complaining about. and also of course on the input side for just about to final introduce more restrictions at the border. so that is going to complicate matters even more thorough. this deal is concerned. gains who loses small firms, particularly lose. i think this is one of the problems you can sell very easily to a region near. you know, you can't really sell that easily. 2 places that are far away, the costs are quite significant. so big a firms would be able to perhaps benefit wolf from any deal that we do with countries in the asian pacific region. but the truth is, of course,

that if you look at the deals that have been done so far, such as, for example, the new ones with strayer and new zealand. and also what may be the case with some of those countries that we may be joining in this new agreement that we're going to have the progression agreement for trans pacific publishing that we might join that is concerned agriculture in particular, is going to be an area that would be hitting the u. k, because it looks like some of those deals that we've done so far, give more benefit to the countries that we've done the deals with in terms of accessing our market in food products that we getting in return. so that needs to be sorted out because we do know that our farmers have been worried and complaining about this. so one would imagine that that would be taken notice of in whatever happens next in environmentally. what about you case? the you case climate commitments. they say that this will encourage deforestation

was that, well, i mean the, the worries that if we are likely to be importing more products from places where, you know, some of those environmental issues are not that you know, seriously taken then that's going to have an impact but it's interesting what may be happening in the u. k, because i what we have been seeing is a shift away from producing our own products to really being much more concerned about the environment. and therefore encouraging farmers not to plan to care jane resource station. it's like a re wilding in the u. k. countryside with the war in ukraine particular and with serious concerns about food security. what we might be seeing in the short term is a reversal of that and a lot more emphasis on producing our own goods. so it'll be interesting to see how those trade deals fit in with that new environment. and i think this shopping and changing perhaps policies is not going to be good for long term sustainability like

the resilience of us army and sex during the u. k. vicky price, thank you. he now from devastating side clinton floods to unrelenting drought african countries of suffering. the worse consequences of climate change despite contributing less than 4 percent of global carbon emissions, and their estimated to pay up to 9 percent of their budget to respond to the extreme weather events. yet a new report by the climate policy initiative says the continents only received the 10th of the annual climate finance. it needs in 2020, that's nearly $30000000000.00 out of more than $277000000000.00 required annually to meet its climate goals. by 2030 or us vice president carmella harris announced more than $7000000000.00 in private sector funding to help africa combat and adapt to climate change. the announcement came off to her week long trip to gonna tons in,

in, in zambia, last month's rich nations who failed to keep a $100000000000.00 a year, pledge to developing nations to help them make the shift to renewable energy and bolster the infrastructure against extreme weather. well, joining us now from boston is selling. fuck, yeah. who is executive director of the african climate foundation and board member of the atlantic. special economic is saleem. if i care. thanks for joining us here on county the coast. first up. $7000000000.00. betty touched the sides of what's required. it's clear that we need a lot more funding to deal with the climate crisis. and i think there are 2 levels . one is definitely dealing with the consequences of extreme weather climate vulnerability and risk. and the other is also trying to solve little's challenges around bringing down the emission levels of the content itself. as you know,

the, you know, the statistics are not really good. there's currently climate damages in a much more largest song than what is said, propose as possible solutions to dealing with a crisis. so we would need to mobilize far more from global financial system. why is private funding private sector funding in africa than anywhere else of the world is concentrated in the 4 or 5 countries, particularly in south africa as being mature market developed market. the risk profile of some of these countries seem to be lower. but in general, the rest of the continent is due to the iris continent. but the irony of african countries that borrow tend to one of the much better than many other countries. but yet they're paying it the cost to get it much

higher cost. and so there's a risk perception that needs to be dealt with. and it could be multiple reasons for that is one of the barriers that seem to increase the private. there are 2 levels. one is around the, the slop supply printable. and so the private sector languages for the risk and the other is also being able to match that with the ability to attract that mobilize funds right onto the, into the continent issue that could be dealt with, of course, with its concept of, of the debt for climate swap, it was where debt is reduced. for green investment. some it's got traction, do they? so what do you find the given the code phase that there's been a lots of districts, particularly for countries like a bird, as you might have noted, to use government as taken original and

converted into a nation that was small and said to the government, we would for those certain amount of service costs a year for you to commit to dealing with. ready climate issues and many other ecological issues. and so that's an interesting model, although every country can do just from the just swaps and it depends on how it is structured capacities to put it together. and there's also the ability to monitor and ensure that you know, full for some form of forgiveness ability of the state to implement on the nature. so the bottom line is an interesting one. initially modeling. do you at the bottom line, is that a developed nations have failed wastefully on this issue of financing,

developing nations? is that down to individual leadership of the nations, or is it down to the big multilateral institutions like the i m f world bank? i think, as you know, there are different processes at the moment to evaluate these forms to international multilateral development system. the need to reform the finance architecture is discussions that happening in the world bank. i m f and many other places that goes to the mechanic process that is going to happen in june. this is a recognition that we have to do a lot more to integrate the need for financial climate. this is one of the, the, the form would be to, to ensure that multiple actual development institutions can increase their ability to provide these kinds of fun asulym frontier. we appreciate that thanks very much . and then we have, i'll shake it this week if you'd like to comment on anything you've seen,

you just tweet me at mit cock, i'll just please use the hash tag a j, c t c. all just drop us an email. counting the calls at al jazeera dot net is our address, but there's plenty more for you online about desert dot com slash t t. c. and that will take you straight to our page, which is individual reports, links, and indeed anti episodes for you and catch up with. that's it for this edition accounting that costs i'm net clot from the whole team. thanks for joining us. the news on al jazeera is next ah ah, it be unprompted and uninterrupted discussions. from our london broadcast center

on al jazeera doesn't. we're surrounded by it. we buy and buy and buy as economies push, but more and more growth. but consumerism is devastating the planet where do those resources? where did the impact got obstruction happens? alley re reveals the many forces pushing endless economic growth at the cost of vital climate action. the failure to address it is not uncommon. there's a structural amazing. all hail the planet episode 3 on al jazeera. ah a car runs into tourists until the very van to british, israelis are shot dead and occupied westbank as tensions rise farther between israel and palestine.