archaeologists and peru i'm discovered a mummy that's believed to date back more than a 1000 years. the body is thought to be that of an adolescent and was found about 20 kilometers outside the capital lima. the site was once the 2nd largest city in the region, several centuries before the inca empire. in january 8, children and 12 adults were also honest, there believed they were killed in a ritual sacrifice. ah, hello, this is al jazeera and these are the headlines. a 3 day truce broken by the u. s. is now in effect between warring sides ensued on several ceasefire agreements between the army and the rapid support forces and previously collapsed. at least 427. people have now been killed and 10 days of fighting. when you look at the southern sides of the capital in the south eastern sides, for example, there is heavy or rapid support forces. troops presents around that vicinity. and

when you look at the northern side of the capital, there are some r a so for our forces present as well. and that's the scene of intense fighting between the rapid support forces, amber sudanese army. but the army has also been making advances in some of these areas, trying to push back the rapid support forces, seemingly trying to circle them into a specific area. meanwhile, countries are still scrambling to evacuate their citizens and diplomats from sued on a boat. carrying nearly 200 people from 14 countries. arrived in the saudi city of jetta lays on monday. dozens more bodies have been found in eastern kenya on land owned by the leader of a religious cult. the current count is 73, with the numbers still rising with already and say they believe the victim starved themselves to death after being told to stop eating in order to meet jesus. the pastor is in police custody. at least 17 people have been killed into explosions as a police station and north west pakistan. and other 50 has been injured. police and officers of the group to rekey taliban pakistan has claimed responsibility for the

attack. russian foreign minister sag elaborate has accused the west of what he calls abandoning diplomacy when it comes to the war and ukraine. he said to un security council meeting, where russia currently holds the rotating presidency. un secretary general antonio terrace. and moscow is causing massive suffering in ukraine. us media reports say president joe biden is expected to announce his reelection bid on tuesday at age 18 . he's already the oldest president in us history. thousands of people in central london and joins the final day of protest by extinction, rebellion activists, they've been demanding a band on fossil fuels, the protest as a valid to step up campaigns to force the british government to tackle the climate emergency. following the end of this 4 day demonstration, well, those are the headlines. i'll be back with an update for you here on al jazeera after counting the cost. do stay with us. the 1st commander of the lebanese army

after independence from france, who took over as president at the time of crisis in a deeply divided country 50 years after his death, a g 0 world tells the story. at you head architect as the modern live in the states, the soldiers statesman on a j 0. ah, [000:00:00;00] i hello nicholas missus, counts in the constant al jazeera of your weekly look at the wealth of business and

economics. this week, giving up nuclear energy, germany powers down its loss, react as well. other countries are looking to expand that plans. should atomic energy remain part of the energy mix? also this week, the brazilian president is cozying up with china. so why is beijing expanding its economic ties in latin, america's largest nation, and how far will that partnership go? plus looted to silva, his challenge western lead financial institutions during his chima trip and called on brits nations to end the dominance of the u. s. dollar. in international trade, ah, said an anti nuclear activists have spent decades fighting for this very moment. germany has now shut down its 3 remaining atomic power plants. supporters of the decision, say the reactors, are a dangerous and unsustainable source of energy, and retiring them, make the country safer? by critics. it questioning how the country can secure enough energy to drive the

economy as it reduces dependence on gas supplies from russia to target and b has this report. oh, environmental activists celebrate the end of an era, the closure of the neck, a west time nuclear power plant, along with the shut down of 2 other reactors. it finalizes the phasing out of nuclear power in germany, george and also photo and spoke to show you later. this is a big success for us. i think one of the reasons if not the main reason was fukushima 2011. but i also think that our decade long fight against nuclear power has played a role in the decision was announced more than a decade ago by then chancellor angler merkel after the fukushima nuclear disaster in japan. critics have long described nuclear power as dangerous and unsustainable . the consequences of a real nuclear accident can be catastrophic. and i remember after speaking on the same platform as no to con crew was the prime minister of japan at saint on. we had

supper afterwards and being astonished when he turned to me and said, we'll look if the wind was in the wrong direction, we would have lost tokyo. but opponents have criticized the closures given the challenge is caused by russia invasion of ukraine and the energy crisis. they say germany will be forced to rely more heavily on polluting coal and natural gas to meet its energy needs. the climate minister says the remaining plants only generated up to 6 percent of the country's power during the past year, and their closure won't affect energy security. yet, some question whether the german public is ready for renewable alternatives. the renewable expansion has been land a certain way, but we do not know if germans will tolerate the further construction of wind turbans in their villages. i know the germans say they support it an abstract, but it's not clear that will happen. so counting future weather and climate based energy, as for sure, going to common replace the nuclear electricity that is lost and being replaced by

the call electricity. now i don't know why other industrialized countries are working on replacing fossil fuels with nuclear energy, but supporters of the shut down insisted the right move and they hope other nations will follow victoria gate and be full counting the cost. all right, let's have a look at the nations expanding their nuclear plants. the u. k is in the process of building a new plan to names to start working on h reactors. by the end of the decade, france gets about 70 percent of its power from nuclear and is planning to build 6 new reactors. finland opened its 5th nuclear plant last year. japan is still dealing with the aftermath of the 2011 fukushima nuclear disaster. but it's considering restarting 7 reactors, united states, the world's biggest nuclear power, is started up a new reactor in march. it's 1st new planted nearly 7 years. while china has a worlds fastest growing nuclear energy program, and one of the youngest,

with as many as 55 reactors. let's take this on. joining us from london is eli chambers who's an analyst of e, you power markets of the independent commodity intelligence services. welcome to counting the cost. so 1st up, where do you stand on this? is this the right decision? do you think from germany, in my own personal opinion, this is not the right decision. germany. i think when you take into account the costs of the alternative sources that germany will have to use to fill this guy that's left by the nuclear file. it's my opinion that this isn't a positive move. so tell us about that gap and how it will be filled and kind of costs that we're talking about and how long. and that's going to get wonderful because, you know, ideally there is

a transition taking place in energy transition taking place. our module runs indicated that that would be a large gap left by the size of a nuclear, and that will be mainly filled by imports of power from other countries. the countries are unlikely to raise the exports to germany the most. ah, the netherlands frowns. so you can know my say like a bit of hypocrisy and that because a lot of french electricity is generated from nuclear plants, it's so also you will get some more contribution from fossil fuel pumps that will primarily be coming from gas

phones followed by leg and coal, and when you look at the, at the costs of these different types of electricity and nuclear dogs have higher stock costs. but obviously germany already had these nuclear plants. so that wasn't really something that had to be considered. the running costs of nuclear plants are very low compared to fossil fuel pounds. in fact, even when you take like all the costs into consideration in most countries, electricity produced from nuclear plants, well bay, ah, a lot cheaper to produce. so from the point of view, those who are supporting this moved by germany, celebrating hughes. we are they because it's the end of what they perceive to be

a dirty and dangerous fuel. if you perceive it as a, i suppose there are, there are kind of 2 aspects that make her apply to you or not. and one of them is whether it's carbon and obviously fossil fuels a met, a lot more carbon than nuclear phones. but the, the side that you're probably talking about is that it produces nuclear waste. so you could say it's not sustainable. and in that way, yes, when we look at the nuclear energy industry, do you think it should be part of the ongoing energy production system for the world? or should it just be part of the transition ultimately to totally renewable? i mean, the thing about nuclear is that it does provide

a large li, stable, consistent form of energy, and that camera on nearly 247. and that's not something that renewables can do at the moment. and while we are having technologies come in, which could serve to balance the system the rest of the time, we're not really saying battery storage friend stance, sky o y right day that the my men another option is hydrogen, while hydrogen this quite untested as an energy storage technology and so we have yet to see whether either of those can really be a viable alternative to their consist,

an stable supply of energy that comes from nuclear plants. all right, and he chambers, thank you. thank ye. oh, no, china went from once, having little trade with brazil to being its top trading partner in 2009 out pacing the united states. and at that time, louis nazi lily da silva was serving his 1st tenure as brazil's president eula is now back in office. and he's recently visited beijing in an attempt to repair ties that had suffered under jaya, bolts, and ours presidency. there is, it was also aimed at boosting trade between the 2 countries, even further. brazil signs several new economic agreements with china during the trip, including packs on agricultural trade, aviation, and investments. trade value between the 2 countries reach more than 150000000000 dollars last year. china is a major buyer of brazilian soybeans. iron o and crude oil, and brazil is

a top recipient of chinese investment in latin america. while the 2 nations took steps to make it easier to settle their foreign trade operations in their currencies. last month, the brazilian president visited the war way. a facility in shanghai. the technology company is sanctioned by the u. s. over national security concerns. his trip was also included the swearing in a form of brazilian president bilmar, bruce f as head of the new china lead new development bank, which funds infrastructure projects in many developing nations. or president luna is seeking partnerships to challenge western dominated economic institutions. and he's called on the bricks block, which is made up of brazil, russia, india, china, and south africa to create an alternative currency to the dollar for use in trade between them. toward the north. gimme a want to keep us by every night i asked myself, why should every country have to be tied to a dollar for trade?

why don't we trade in our own currency? and why don't we have the commitment to innovate and lost the key? no, i received a room where that we need to have a currency that puts countries in a slightly calmer situation because to day a country needs to run after dollars in order to export. and it could export in its own currency on the central banks, could certainly take care of that. i put you on the bridge because nobody why can't buy like the bricks buying a currency to finance trade between brazil and china, between brazil and other bricks countries. well, to discuss all of that on join now by our 2 guests as human at blanco, who is research director and head of america's risks. insights at various maple cross joins me now from ben medina in spain and from singapore is chain gang. he's an assistant director in senior research fellow of the east asian institute at the

national university of singapore. welcome both and jermaine. if i could start with you, bilateral trade has of course ballooned between brazil and china in recent years. so just how significant these new agreement, the new agreements are very significant in the sense that they bring breast sale back to china. and it's newly so per to need see to try to, you know, put fuel back in the brazilian economy. and mark a very different policy from his predecessor jr. bull scenario. so of course, you know, for lula in particular, infrastructure investment and in bringing back life to brazil's industrial heart land are crucial. and he hopes that china will be able to give brazil that lifeline. particularly with his own support base in the industrial sector. when data is a trend going from china's point of view, what are the upsides of this arrangement? you're actually forcing being,

i being lunas of visits to beijing is very important for he is a 3rd world of foreign policy at these days and even nomic lee. and i think this is also very important for china, a country that needs the recovery office economy a very badly this year because last year china didn't meet is economic target of about 5 percent or so. i think a full china, brazil is important because of its resources and the raw materials, especially because we know that china now has become a one of the world's largest, the manufacturing house in the world. so it needs a lot of resources and energy and agricultural products and which brazil can provide a lot for china. so i think this visit is very important for she g.

germany talks about industrial policy. very important for luna and you know china investment and results infrastructure projects. what kind of thing are we talking about? how important will that be? well, we're talking about 2 things in particular. i mean, when it comes to industry, chinese companies are enter in brazil in areas where western manufacturers are leaving. so for example, if we think about the automaker industry and car factories that need new buyers in northeastern brazil. and those new buyers came in from china. when the country needed them, the other side of the equation has to do with interconnectivity with them, brazil, to reduce costs and ease the transport of goods out to ports and across to asia. we often cite the fact that it's more expensive to transport. one ton of soy with in brazil, them from

a brazilian port to china. and so what lou lane looking for here is investment in road in railway and import infrastructure on the one hand. and on the other hand, also on telecommunications. and that's where that visit to hallway besides being a controversial or eyebrow racing from washington is particularly interesting from a brazilian domestic policy perspective. right. and your mentor on washington, lula, of course, has been up in the multilateral agenda altogether. but when he went to washington, he didn't seem to, to go with a whole array of business deals. it wasn't so much of a business agenda on the table that but china was completely different. do you mind? why do you think that was? well, i mean, this goes partly into playing into what you know, brazilian diplomats are calling active non alignment. right. the agenda with washington is more along issues the round human rights climate change, democracy,

protecting democracy in the region. these are issues that are don't sit or don't align particularly well with the the agenda in beijing, which is around trade and investment. doesn't mean that the u. s. and remain unimportant investor in brazil. in fact, you know, it is a huge for indirect investor in brazil, and u. s. companies operate in the countries, you know, including in areas where they compete with chinese investors like oil and gas and mining. so that you know, for or lula. this is the moment where he wants to show that brazil can be in the global arena, talking to different partners and leading emerging market seem this conversation. and it's the idea about, you know, brazil can lead latin america and other global south economies in a multi polar world that includes china and the united states as crucial partners channel. got you to reflect on that as well. and then i want to move on to the issue of

a dollar the u. s. dollar dominance. and the cool for that to change 1st just just respond to what you meant. it was just saying, yeah, for the i think it, it is the currency cooperation is one of the focus is for a new last visit to china. because both countries actually have the incentives to use their own currencies for trade, bilateral trade and also investments. as these days, i think i increasing number of countries actually are feeding that actually relying too much on the us dollar of or treat any investment sometimes could cause some problems. so that's why i think for not the visits to china. i think this is one of the issues the discussed and also i think they are

going to move forward to use their currency. the more often as china has been brazil, the major trading partner for yes. so there shouldn't be much easier about using their own currencies. in a broader sense, chen, how much is it going to affect the dominance of the u. s. dollar in international trade because it trade in china's currency. still only accounts for about 3 percent of central bank reserves, and that's compared to 60 percent for the us dollar. yes, although i think china and non number of other countries actually are trying to use their currencies more often for global trade and investment that's do a long way to go before the current currency is can really play a major role in global trade and investment and replace the u. s. dollar, because we know that the us dollar dominance in the global financial system treats system has lasted for decades. hinged

us technological, economic power as well as they don't all you'll treat system. so that's why i do not being that it's easy for these countries to move to was id a dollar. right. right. vision won't do me. would you like to reflect on that? yeah, i mean, i think, you know, increasing bilateral trade in, you know, non dollar. and particularly if, you know, with chinese now is part of an organic process in which chinese precedence in, you know, in global trade is significant. but for a country like brazil, but also trades in commodities that our benchmark in us dollars, it will be nearly impossible to remove itself entirely if we think about, you know, commodities whether it's soy, iron or oil and gas, you know,

they're all benchmark $10.00. so as much as lula ones to position these detachment from the us dollar, it is something that will remain as part of global trade for the foreseeable future trend. finally, if i may come to you dealer, reset the forward resilient president, of course has been appointed head of the new chinese backed new development bank. what do you think about this bank and kind of become the great bank of the global south is lula himself is said. yeah, i do think that these new development bank, or the bricks bank do, does have the potential to become a global development bank for, for global and south, which is beverly and needing all kinds of financial support for their infrastructure and economic development. but of course, we also have the existing mechanism, global financial mechanisms,

like the world bank i'm asked and asian development bank. so i think in the future, going to have a kind of competition between the conventional little ball o financial assistance and the emerging oh, financial developments as like the new development banks and also some of the other i development banks, for example, in china. i saw in the future, i going to see this kind of competition. all right, we'll leave that. do appreciate your time. i jen gang. thank you so much. and jemina blanco. thank you to you for joining us from spain. thank you. lebanon's economic collapse has devastated as banking sector and turned the nation into a cash based economy. a mass deprived a near bankrupt government to billions of dollars in tax revenue. and it's driving elicit activity. and we consume, sheriff was more this currency exchange store in lebanon's,

mika valley is buzzing with lebanon's currencies. and freeform and customers want to exchange it for us dollars in mid march, the value of the lebanese pound plunge to a historic law of $100000.00 against the dollar. it's the result of a 4 year old financial crisis blamed and decades of government mismanagement and corruption on the left alarm. and they'll assist people come holding bags of cash running around them that they want dollars or whatever reach you, give them what they just want dollars fair and what will be to more businesses across lebanon now or press exclusively with cash restaurants, coffee shops, and supermarkets have all stopped accepting card payments. okay. the get on the know that she used to sell mostly on cards, but lately we have problems with banks. they are not giving us money when i have $20.00 to $30.00 card transactions and out for example,

$4000.00. they wont even give me $500.00 or $400.00. this is why it stopped check stopped. everything today is cash. since 2019 lebanese banks have imposed restrictions and cash patrols, locking depositors out of their savings. an estimated $8000000000.00 if exchanging hands informally. that's causing concern, particularly among western nations, attempting to track elicit cash transactions. it's the biggest threat that the government of the country is facing because it is a very, very, very dangerous that the entire economy as a cash economy, all the money is going to the private sector. the solution is only in one place that is to normalize unfinalize, the restructuring of the banking system. lo, restructuring is one of the reforms demanded by creditors if lebanon is to receive much needed international support. but that means the political and business lead

would have to compromise their hold on power. and that's something they persisted so far. and we consume sharif anesthesia for counting the cost. and that is all shay for this week. if you'd like to comment on anything you've seen, you can tweak me at that point. i'll just just use the hash tag a j, c t c, or de drops an e mail counter the course at alger dot net. it's our address, but there's plenty more for you online at al jazeera dot com slash cdc. that will take you straight to our page, which is individual port links and indeed into episodes for you to catch up on that is it for this edition of cause of the course. i'm to clog the whole team. thanks for joining us. the news is coming right up

ah and frank assessments, justice means to give them the basic human rights, not only in the camp, but also inside the meal mach informed opinions. 5 administration are very concerned about this development, especially for what it means for china's power on the world's days. critical debate is r o. lee, both illegal roof or york, they see the property in depth analysis of the days headlines inside story on al jazeera, the climate has changed every year for millions of years, decades of talk. but little action is all about distraction, create confusion to crate, smoke and mirrors. the shocking truth about how the climate debate has been systematically refer to the. busy oil industry was

a made bank roller or opposition to clock back to campaign against the climate. do you think that's a bad thing? more huge. we did. it was. here's a good thing. absolutely. on al jazeera, we understand the differences and similarities of cultures across the world. so no matter what moves when use and kind of force that matter to you, a hello there, i'm this nancy tanda. how with an update for you here on out a 0, a 3 day truce broken by the united states is now in effect between warring science ensued on several ceasefire agreements between the army and the rapid support forces have previously collapsed. at least 427 people have been killed. so fall and 10 days of fighting. when you look at the southern sides of the capital in the