learn assigned raise, expect it to save nigeria, the $10.00 to $3000000000.00. it's spent on important refined petroleum products. it registered to when a sites. and this is a lot of the concerns that we've been contacted in doing business. and i forgot, especially manufacturing and transportation bottom until they say they're worried about the piece at which fossil fuels are being exploited and use this causing so much negative impact on the environment. the oil spills when you extract from the gas for there's also just the combustion of the fossil fuels. it's causing tremendous issues in the atmospheric balances, but not due to like most african old produces, is making it peaceful, a slow transition from forces to renewable energy. it says petroleum will continue to be in its energy mix, as it makes the transition. how many degrees i would use it as a visually key nigeria. the

balance is arrow. these are top stories, us present terabyte and then top republican kevin mccarthy have cooled. that talks on the debt ceiling productive, but there's still no deal to stop the country from defaulting on his debt repayments. republicans want to see spending costs, so the federal budget, if they also support raising the limit on how much the government can borrow. so when you get elected to congress, we decide just like a household, if you make a $100.00 a week, you decide your priorities where you spend that money. that's what we would do once we get to spending caps are the top line dollar figure of how much we'll spend. now, since the democrats went into power, they then reeks almost 6 trillion dollars that brought us inflation brought as these challenges. but so the present as budget wants to spend more money than we split, it's a height of cobra. we shouldn't do that. sporadic on file has been heard, and so don's capsule call to despite

a new 7th day humanitarian sci fi. so don's army and the permanent to wrap and support forces have been locked in a power struggle since mid april must go to claims arms ukrainian flights of have cross the border and attacks of russian town of give or on in the bell. good fellow, god region. he says it's most involved, a pretty clean in russian group calling itself the freedom of russia legion says it was responsible. a criminal is has been cousin nipple garad as an attempt by team to divert attention from the supposed capture of ukrainian city of buffalo to fight russian forces. ukraine denies the cities being captured, gave says its forces and making what it pull. spivey gradual advances in the area around the presidency by my ac is arrived in indonesia at the hotels for the present. jessica window to the 2 latest and set to find a trade agreements around said. both countries were lined on come by, say, extremism. and as lemma fabian well majority have launched

a hate crime complaint with spanish prosecutors off to that play a brazilian vanessia junior. let's talk through his racist abuse. but the head of a spanish meek has denied it. has a problem with racism. those are your headlines. you get more on all the top news of the day on our website, out of their adults come next is hunting. the cost of reviewing the headlines, dissecting what they say, which has decided to go live. was there really a full scale integration, exposing how the media is used to shape the one factor that never seems to make a difference is it's on true. it never happened until political pallets can suppress free speech. you tried to record that need to be in public. the police must, in effect, we are on the coast of the listening post you guy to the media on out just a of the,

although i major instead of going to of this is counting the cost on that was a 0. you know, we can look at the world of business and economics this week, the outcome of the presidential one often check here, likely to to minutes be can not make few chips will present, other ones, policies went out and when it be a recess of his unorthodox approach well, so this re coding work, a scale is to succeed and tomorrow's labor market. the world economic forum says that many of course a few patients will change in the next 5 years. plus consumers around the world are struggling with skyrocketing inflation, but 1st cost flight bookings on the rise of luxury brands are enjoying pump of sales. what does that ride win for ritual typo? don't want him, so he's presidential election, but the outcome was also a disappointment for the opposition, which was more united than ever

a run off will take place on may 28th with the state of the economy, front and center for votes as president. other one was criticized for reducing interest rates at a time of sky high inflation, while most of the central banks did the opposite to keep prices down. if the old position wins, that could mean a re think of his policies over consumption rate for reports solving inflation and the plunging leave may be the deciding factors for voters getting to is press denture, front off on may 28th. the uncertainty has already factored markets. the lead assigned to a record logan cus stolen last week, and stock stumbled. preston project type antwan's policies are widely blamed for fueling installation. the central banks raised interest rates to reduce prices, to key to do straits but and to austin holes the lead of the 1st round

some and this fall into his 20 years experience and which he oversaw wrap a deep nomic quote. and job creation. governments want to increase the employment because they believe that inflation or force is a problem. but if you look at to employment, this is a success story. however, it wants unconventional economic policies have many watered, while campaigning, he repeated his month, so of increasing folding investment, local production and exports to drive up to the b annual inflation. so to a 24 year high in october at 85.5 percent. and economists believe voters, nicole time on edwin's orthodox approach. at some point something will have to give by something i mean either the interest rate or the exchange rate as if they insist on controlling the interest rates and the exchange rates. ultimately,

the exchange it with the employee is rather come on to promise to reinstate traditional economic policies and pre gain the confidence of southern investors. he also wants to, a mentor is relations with the rest pertaining to it. it's a nice to, i want to justice of the quality for to kids future. i want the conditions to change and for us to get worse, because uh right now we are heading towards, down for the 2 of the quakes devastated large parts of the country. southeast in february, the government estimates rebuilding cost at more than $103000000000.00. which means 2 kids academy will be a priority for whoever wins that final thoughts. let me pull some chevy for counting the cost. with joining us now from this time boys, how come back by managing director of strategic advisory? so this is good to have you with us again,

the heck on the presidential election was widely seen as a referendum on other ones handling of the economy. and yet he age to the head even though it's going to a 2nd round. what do you make of that? yes, and what the story collection. a and we are into the run of round and president richard tell you about doing is uh, closer to uh when, but um, i would say that this was more about security and uh, nationalism uh that, uh, the referendum for, uh, how you find the ones uh, economy policies in the sense that yes, hi, installation. costs of leaving high cost of living. uh they were all important. but uh, a visit i go on uh, turned that into uh a boat for the future of the country. an easy time pain was all that. um you need to watch for me because this tablets you have to continue to all of your features depends on our success. and that seems to have that that seems that resonated with

the motors and they gave him his party and he's running alliance. a clear majority in departments. okay. so it wasn't necessarily about the economy. the markets though, weren't happy to have a certain amount of of to him while off to the 1st round. is that set to continue through to around to? yeah, i think that's a great point. part of it had to do with the posters, just the shockingly missed predicting the outcome. and always the dave are predicting a clear mandate for the um, the challenge here. can i settle the, the 1st song that didn't materialize? so are they obviously they are not the pricing event of which will likely lead to either $1.00 winning. so i think. 5 until they find the new market, the new normal that's normal, the going forwards in the next 10 days until the 28th value. we will have the

bundles of both the latest bill. i also need to talk about there's economy policies and present it. either one has already hinted that he may bring in his full myers deputy ministers per deputy prime minister assigned as memory seems checked, which would signal to me that he is considering switching back to more orthodox policies. and i think he would need to do that because um, after the election, especially during the selection campaign, she had made a number of populous pledges, which he want me to carry on like doubling the minimum wage or pledging to rebuild all the uh, the homes in the boat quake zones and stuff. ok, so. 5 5 it looks like if use the candidate to you much,

you will need to reconsider his other unusual economic policies today. so whoever comes to power off to the 2nd round, they will be equal make changes. what do you make of the, the all positions economic plans? will they be willing to push up interest rates on risk of recession? president, economies motto has been that on the, you know, really lowering the interest h to be able to boost growth and employment. the position on the other hand, the reach has a former again, former prime minister of finance by john and, and his team of and then i was that they will lead to a take on interest heights. and right now, for example, the central bank policy rate is around 8 percent, but the market lending rates from the banks is over 50 percent, 5 c a. so um, i think that the market uh,

according to the positions uh economy team is already the price that in so he will lead to the ability to do it, have to be able to keep the fx. 2 uh, sort of exchange rates in check, otherwise the, uh could be looking get a major evaluation of the local courtesy focus. yeah. against the other right after the elections and even during this time up until the run of the i see central bank and state own banks already need to beating in the tax markets. so keep the list paper president had one set that his policies were meant to promote economic growth . he's been swimming against the tide of a market opinion. is there any chance that that he could actually be right the, the given low end of its policies could pay off? or, as you say is thinking, i have to re think if he wins the 2nd round. i think he would need to re adjust

this economy policies regardless because yes, he has to be in a sort of market testing his um and also those policies to be able to boost scroll. yes, turkey is projected to rome and i'm 3 percent this year according to the these latest projections. and that, that is significantly below that 546 percent, that turkey needs to i need to make to be able to provide employment to young people. so obviously on top of it as a result of low interested policy, the also had a significant issue with the deleted before an exchange. these started. so say you took a central event. and for example, since the beginning of april, this year, they sold about $14000000000.00 in the open market. so meaning that this is about sustainable on top of it, turkey has

a current account deficit that needs to be finance and give us the uh, product economy motto. as for president, adeline's economy policy team that did not materialize, the exports did not grow as expected. and the trade deficit uh, you know, on the other hand has become much worse. so which tells me that what they have is also seen above. and that's exactly why present, i go on head seem to be for the 1st song. it hinted that he may bring in a season um, a bill credit like name su, check to take over after the elections. i kinda, it's always great to talk to you on terms of the cost money. thanks. indeed. i think it was actually, i mean you always the technology advances and innovation to tackle climate change. a changing our will a rapid pace and that's forcing an evil ocean in the workforce to some jobs will be

lost. others requiring new skills will be gay and the world economic forum says a labor market. chun lives a head resulting in a new era of turbulence. it expects many one and 4 occupations to change in the next 5 years. the w f was recently published a report based on surveys and pulled an 800 companies. it says global employers could create $69000000.00 new jobs by 2027 and remove $83000000.00 positions that will result in a loss of many $14000000.00 roles among the factors that will drive the labor market shift is artificial intelligence, which is developing fast but it is macro economic events including slower economic growth, supply shortages and inflation that will pose a big a threat to job spends a i. companies are rethinking the expertise that their employees need. however, the w e. f ones that many workers lack the necessary skill was to keep up with the

changes. we'll dig more into that with our guest shortly, but 1st a new so they buy the research group. the conference board concluded the u. s. employees, a more satisfied with the jobs now the never before we pull that 62 percent of respondents reporting overall contentment. that's the highest level since the group started the components reports in 1987 bought this agenda satisfaction gap. women remain less content for the jobs. the men, the lowest level of satisfaction was recorded bold in 13 years ago on the hills of what's now the, the great recession. joining us now from london is grace logan. she's the director of the inclusion initiative as an associate professor of beloved school to become expressed good time here with this on accounting the call. so we've got 2 reports to this. go see it. let's start with the one on job satisfaction. are you surprised by this and what is it that's making american work? cuz so happy or at least content with that jobs and what we find similar levels of

satisfaction elsewhere in the world. you know, i think that the, um, the company who created the survey that, that, that are, is stating that american workers are happier, their base who they will actually go out to are more likely to be professional workers or people who are at their desk. and i think that's a really good distinction to make because people who are professional workers more likely to be at their desk haven't, in the whole working lifetime habits much autonomy as they do now. you know, even companies who are insisting that people come back to the office, they resist you, but they come back for days. for example. i know black rock in the us, some just mandated for days. but we must have been with that i thought the still more flexibility and autonomy than as compared to the past. so i think that this is being driven essentially by the quote that we're looking at. but it is people who can work at home. and also the fact that they now have more work life balance, and essentially they have more control over their day to day. let's go down to business transportation. then we're place of conservation as we were saying a few moments ago, technology, things like a i set to transform the workplace but,

but as we were hearing it's macro economic factors that will play a far bigger role over the next few years. and in what way will they disrupt the workplace? yeah, so, you know, i think that there isn't probably a macro economic factors that i could talk about today that won't have interaction with technology in the 4th industrial revolution. and i guess the extent to which it makes worker's life easier or harder is still up for to base. but i think, you know, a lot of countries are looking at aging workforces and particularly the, the, the, the baby boomers who are retiring and money countries mean that that's going to be skills gaps and such and such as health care and education and inflation also of course is playing a role with upper pressure on, on, on wages and the job marcus. meaning that some people are choosing not to take work in order to and home where employment, employment benefits, benefits tend to be tend to be higher. and the cost of living causes in general, is, is moving the job market. so i think these kind of micro economic trends that are long running like aging and the ones that are heading us now like inflation. both

talk the potential to interact with technology. and at the moment, the interruption, technology is bringing out winners and losers and the job marcus up skilling. grace is on here. but what, what is it an hours and visit? i think it's pretty urgent. so i think a lot of where the gaps are emerging across the world, whether we're talking about developed countries and or these developing countries in data science or at least some data science capabilities. and unfortunately, i'm pretty much every country around the world. but the amount of data science that people are actually demanding doesn't quite meet the supply. so when we think about of scaling, it kind of just be in the general sense that we want to give people more money, a more access to education. it needs to be that we're putting incentives in place to encourage people to go into the areas where the skilled gaps are. we're currently we aren't getting enough people. i'm choosing to study the world economic forum. grace says that 6 and 10 workers will require training. the for 2027, but only half of them have access to adequate training opportunities. a company's

willing to foot the bill for investing in their employees, you know, for providing training and, and, and how come you persuade them to do so, given that it's vitally important. i think the answer is, well, yes and no. so i think and companies where they have a war on time. and so kind of high finance, big tech, they are providing ample training opportunities for their employees, both in terms of giving them executive education that comes into their size and also lots of access to very high quality education online. i think the problem are for people who are in small, medium enterprises, which is probably the mid, the majority of people plus individuals who aren't in these companies where you don't have these kinda huge wage premiums. and in those companies as generally, being a reluctance to provide training because you worry, you invested in a colleague and then they decide to leave and go to a go and go to a competitor. for example. i think that it's up to the government to think about how they can either a fill that gap to their own skills policies for small medium enterprises and for

companies where it isn't appealing to provide training or be where they put structures in place where they're requiring these, these companies and they're requiring these employers to provide the skills that employees need both to serve their, their current employer, but more than that so they can actually leave and get our opportunities elsewhere specializing grace really got to talk to you all kind of have a cost many thanks and for being with us. thank you so much. thank you. by the append that makes a boy in ukraine, slow economic growth and inflation. the global economy is going from one crisis to another. over the past 3 years, yet for luxury sector recovered quickly. off the coast restrictions were lifted, reaching bullet, one trillion dollars in 2021. at a, grew by up to 21 percent last year, beating all expectations according to the consultancy from bain, holidaymakers to spend big leading a boom in 1st class and business class flight bookings. the international ed

transportation association says the premium travel has recovered this year of foster. the total passenger traffic airlines are investing billions of dollars in that cabinets to keep up with the demand. first class lounge is a being upgraded to many hotel rooms with double beds and book and showers. for example, you can even book a personal chef. sales of high end cause watches and have not been spending so much during the past. and 2 to 3 years. come saved a lot of cash and are really now very eager to kind of get out that and also really treat themselves. so kind of on the consumer side and mix of both and then put on the business side of the se, in corporate travel is not what it used to be because because i used to conducting a lot of major things um online using i see more that platforms do conduct me things um, but obviously it has picked up. we don't think a business travel,

those really never which spends what it was now that there are other ways of communicating. and so it makes some frustrating but um yeah, still still a lot of well, how that and so a lot of, well, the problem is out that if indeed i but, but is the money that airlines are investing currently in the, in the cabins and in the business lounges of airports. money well spent? is this boom going to continue? well we, it will continue growing. so we're predicting around the next 36 percent globally this year. um, obviously this must have been that we're seeing now has come from, you know, 0 for most of it. so naturally this is going to be a massive bu, as therapy pulls not traveling again and travel with tends to some kind of kind of the mileage. see, but naturally with progression as it is just the natural way of daytime,

it will start slowing down. the sides is we don't predicts that we will get back to the decline. and then we see a rise in sales of, of luxury, cars, watches, hand bags, and what is behind that, that the, the, the general voice and see if luxury sector has a hold of them? is it exactly what you were talking about that this the same apply? that's a luxury sector as a whole, as applies to what the airline industry and um yeah, what kind of thing a mix sweety across the board. so anything to do with my experiences. so again, this is very much on the back of being knocked down for so long. so people are really keen to have anything that enrolls and actually experience whether that's a dining, whether that's travel, whether that's anything to do with hospitality or anything that will involve an experience. and so that's where i was saying, could it be great in luxury travel, extra county as soon as they have on the move. and i pass

a lot for side with seeing a big grades in any, any kind of lots of the heritage problems, for example. so anything that's um will hold this value and people buying election day, it's kind of more as investments as opposed to just one of the pieces. people being very mindful about how they're spending money. i think this isn't gotten across the board. so when issues around sustainability really coming into play here. so on the one hand is about know, exhibit the heritage. but also on the other hand, people are buying fluctuate goods with the idea that you know, they can either sell them on and even make a profit in some cases. or they can always use that as goods as a means of income and actually read them about themselves and are saying many rental problems out there. now. yeah, for you use, you say that to me, this is across the board. what, what do you, what do you mean by that? is there any particular market or country that is driving this denied, or is it really a global phenomena kind of overall in terms of those bigger trends?

it's, it's global phenomenon was still seeing a lot of great coming out to asia. so a little bit you have a pending to have some time grades, but they will actually industry and a little 9. please pass on next week. how's travel, etc. most of that credit is going to come from left to the maritime, checking the boxes, like brazil, and mexico and also a specific image. i know well though, it's, the chinese will start typing again, which is it will the next week, hospitality or the travel rule. you know, is probably the biggest story out there at the moment. um, but similarly, so a lot of growth within asia pacific. why the chinese will probably couple more. um, at least the visuals mediums have, but also in the middle east that's, you know, big top at the moment. so traditional markets lives in denial the way it rolls. but it will say, i'm sorry, right there. we expect a lot of grades to come from that i don't advise on the back of the grades and well

behind that was individuals for the spring. great to talk to you on counting the cost manufacturing day for being with us. thank you very much for highway and that's our show for this week. if you'd like to comment on anything that you've said you can treat me. i'm at a fit again on twitter. try to use the hash tag h i c t c. what do you do or you control person like counting the cost of the elders here. adult net is our email address. as always, this table for you online at al serra dot com slash ctc. that takes you straight to a page that you'll find individual reports, links, even a time episodes fee to catch up. but that is it for this edition of announcing the cost on a tree instead of going to the whole team here. thanks for being with us. the news on al jazeera is next the

challenges with frank assessments. quite frankly, let's let dress the elevator in the room. the reason the south koreans want their own nuclear to terraces because they don't trust the us informed opinions. fighting has basically locked this thing up. so far that it is impossible virtually for somebody else, 7 to the race at this point in depth analysis of the days headlines. so then kids might again feel free to speak, but there is no strong government to control and which means that this might affect other countries. inside story on al jazeera, cultivating food is the foundation of human civilization. but food today is

a global commodity. if the industry did not make money, how many people would be and how it's cultivated, the contentious debates, public interest and the public safety is definitely not taking precedence and in depth examination into i agree basis. and the conflicting interests play industry doesn't hold any regulation. they just want to put the products on the market, the price of progress on outages, era, the other than or a condo. the headlines on the houses era us present job 5, and then top republican kevin mccarthy, of how cool that works on the debt ceiling productive. and there's still no deal to store the country from defaulting on its debt or payments. the public ends want to see spending cuts to the federal budget if they also support raising the limit on

how much the government can borrow. when you get elected to congress, we decide just like.