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tv   Counting the Cost  Al Jazeera  June 18, 2023 6:30am-7:01am AST

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denies the accusations, it says the problem is that people have occupied the land for years, but don't legally own it. we're not studying any sacraments unless they are coming into the bank. so they wouldn't be the location of people who are in the back because that's a part of what it looks like. it sounds the ending economy struggling to attract for an investment there. all the cities spending more than $40000.00 heck to is, is expected to bring in $10000000000.00. root us as the develop and would provide high density purpose, build housing, and have ample green spaces. i guess on has the highest rate of organizations in south asia. successive governments have failed to provide basic services and the population is growing at almost 2 percent the yet there are no wastewater treatment plants in almost $30000.00 details of uncreated sewage flows into the river. every day that combined with reduced water volumes up stream, you 2 dams in india have to meet the driver, a sledge carrier. the development authority says that it wants to create about
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a $1000.00 to $6.00 offer voss sewage which is dumped into the robbie. but didn't, i meant to this concern. they say the hum to benefit ratio is not valid. the state of focused on the government have been job is not a real estate developer. this of the people of focused on what this project going to do, that the government hasn't been able to do in the last 75 years. even dealt with the population of law hall using higher densities and only take a couple of 100 square kilometers to do so. you can do that. it just is about how you plan the city, how you design the city and who you're selling it to. so i'm finding that balance between invest is looking for profit and providing basic services and affordable housing to a growing population would be no easy task. so i'm going to drop it down to 0 law. the . this is all just there. are these, your top stories sit on swearing sides agree to a new 72 hours. see spot starting at 6 am local time. it comes amid
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a day of bloodshed in the capital call to a citizens group says strong skills. 17 people, soldiers in west and uganda looking for members of the allied democratic forces who are suspected to be behind the nation, douglas attack. and over a decade, 41, people were killed during a raid on a school in poland way us actually of state, obviously blinking as arrived in beijing for 2 days of tools like and says he's speaking to responsibly. manage the relationship with china. is the highest level us official to visit the country in many, 5 years. sadie wright is foreign minister on behalf of the king and crown prince has officially invited the rainy and president to re add. so in relations follows an agreement for i could by china, friends, phase all been from hon. also. i would met around president abraham lacy. the 1st such visit of a saw the official to ron in over 7 years. right. there's
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a headlines. these continues alta counting the cost for the latest news as it breaks up the baby instead of being spent to make the network better. experts say investments are needed in technologies that make up facebook with detailed coverage . they will likely remain in the hospital for the next 2 to 3 weeks as they advance in their recovery process from around the world. they say they are progressing from the south, advancing around a week. the hello, i'm molly inside. this is counting the cost on out, is there a your weekly look at the world of business and economics? this week, the e. u is offering to mizzi and nearly
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a $1000000000.00 and financial aid. the fund could show up the nations facet economy. i'm reduced migrant flows. what are the conditions to receiving it? also this week the u. k says it's reached a best of its kind of economic partnership with the us, the pact now sort of a free trade deal so easily. it's a special agreement for a special relationship on time as a youth, joblessness and admin city uses. so record high, we find that moving to the countryside can help solve the problem the, the delivery of these tests, stripes and the economy is heading to with a collapse. basic commodities have been in short supply for months and many to millions struggling with the rising cost of living. the european union is worried if the country's economic cross is gets, was more migraines could cross the mediterranean sea to seek about to live in europe. so it's all for the nation financial help. well,
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what is the blog asking for in for 10? how many of our reports? for the 2nd time in just a week, the president of the european commission along with the tale untouched by ministers . i've come to tanisha for talks with president ice, i get the main focus is migration smuggling and economy cooperation. european commission is considering macro financial assistance as soon as the necessary agreement is found. and we are ready to mobilize up to 900000000 euros for this purpose of macro financial assistance. as an immediate step, we could provide an additional up to $150000000.00 euros in budget support. right now, condition economy is in crisis, and the nation's credits rating has been recently downgraded by agencies with fees of the country default and wanted step. so this coupon has to be endorsed by
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e governments as soon easy has to finalize that not to deal with. i am if the said deal involves a $1900000000.00 loan for tanisha, but tradition president, i saw you rejected the pin for forms required in the terms of the also mean when you look at the different conditions on the i met does include the subsidies especially into a new product. so 1st necessity is not the end of the 1st of often, asians need having this condition name to a to 9 master the something that case i it doesn't really want to have. but the same thing doesn't really have a choice of the believe the use of can with objective behind the desk. you can use to assure attorneys, just from cooperation on the issue of migration to nation. presidents has been taken off the policies, whatever high they are, victims, the victims of a global system that unfortunately treats them not as human beings, but as numbers. we cannot play the role that someplace openly and others hide beam
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gods for their country. and the solution can only be humane. collective, and based on the law, tanisha has recently turned into a favor. the positive point for migrants trying to across toyota by c u fee is a potential deterioration of the kind of the situation is you could make it more difficult to control the migration flows. how much fun does he have for counting the cost? joining us from london is thomas with housekeeping. he's a senior practice director, global counsel in the head, the global council mino office here in doug hall. thank you for your time, sir. so tell us a bit more about this european proposal for tennis. yeah. what exactly does it entail, and how much difference will it make to tennessee is economy. the deal, i think is quite an important step within a lengthy process of getting to an easier. so when i'm asked to you, and so what it contains exactly it's, it's and also to, to an easier to join and i'm a program that has been on the discussions now it for,
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for over all the halls, possibly. so the data contains of financial assistance. some of that, if you did some of that, um, well the launch has the mountains around 900000000 in metro financial assistance, which would help the attorneys in a government and uh, central bank uh to the, to stabilize its uh, its total of finances. the uh, the deal also includes um, an offer to upgrade the existing trades agreement, but pretty sure that it contains provisions on energy and people, the people context and also, and that's, i think, very important from your perspective as well. it contains an hens, a corporation on migration where we have recently seen large numbers embarking from tunisia to each of the in moultrie. yeah, exactly. tell me more about that. how much of this money is being directed to what's dealing with the migration process? so that will actually be a small pond, so it'll be $1.00,
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a 1000000000. this is only a 100000000 to, to go to the board of enhancement the board of protection. so it's a fairly small, small amount of bots. if you look at some of the deals of the u. s. truck, we have with egypt with, with libya and almost it's not insignificant, of course, from a european. and from an you perspective, that migration question is much more then about the border issues, but also about how can you actually stabilize the tunisian economy in order to reduce if you're willing to push for those that are making provisions leave at least the country. no indeed, that makes that does make sense, but yearly does have said that pumping money into tennessee will actually kill the business model. a smugglers. do you think that is a realistic option? so i don't think it's an option the some the full top. i think, you know, if you think about the enhanced the border protection, but it also makes them just need a smacking business risk. you making cost to you without a dressing,
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at least in before, 12, the underlying affect us to drive people to leave, to an agent. so i think it full to me, it's probably not achieving that to a launch extend even though it's the secure dies is perhaps the issue in the longer tool. it's clear to everyone that tunisia needs as a solid economic strategy and needs a solid financial support not only from the you, but from the i invest in other monte lot to run by. that's where the donors so in a sense of getting to an easier to why the package will help it's um its various challenges in the longer term, but in the short term, i think the movie of all the challenge, what do you make of the ease? most of here because president case site seems very skeptical of this deal. so i think that is, um, perhaps, to some extent this, this feeling that's uh, that's uh european leaders. uh, you know, certainly worry about about my migration basically want to get a to need. uh,
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the on board to uh now restrict, uh you know, the amount of people and bullets leaving moving to an agent sure was, uh and, and so on. and that has been um, attorneys, uh like all the jewelry and i was hoping more resistant to working with the you on the migration issue. uh, but of course like so many leaders um in the mediterranean hills and noticed that because it's such an issue for, for europe, it also gives some leverage over europe. mm hm. and um, you could also argue that the, the, the also that the yorba is making tanisha is to some extent what was needing to expression of that. namely that europe really needs and cannot make any stable tanisha. so in order to have a sustainable solution on the migration question, so what about the mess? thumbs that to miss you is hoping to receive again president,
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case site has been very critical of some of the reforms being asked of to miss you . what do you make of them? the problem with i am a for, for them is this that they always offer a show to him pain for long. ok. and a president saw you. it has a, at least, you know, as opposed to call a hold of presidential the next elections next year, but which makes sure he makes this period now until the elections at least that should, that take place quite an important time period. and of course reforms all of that is the painful reforming as always cutting energy subsidies, texting to probably check the wage bill. and when men yellow things will create, i'm using different parts of tenicia. and so the question is way much whether and it can be agreed with the m f because i think something needs. so it needs to get done in order to, to avoid a default of tenicia. and but the question is perhaps,
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to what extent to need the traditional forties and the i can agree on a view that makes it politically feasible for the current administration that has more flexibility perhaps a than pos agreements in terms of the reforms that are required as part of the agreement and especially also with the timeframe that is required to implement this before where to go to get your perspective. thomas krakowski, a senior practice direct to global count, sol speaking to a site from london. thank you. thank you. a person has thoughts, a comprehensive trade agreement with the us census withdrawal from the european union more than 3 years ago. but the free trade deal promised in the 2019 conservative policy manifesto appears to be on hold. the prime minister believes the world have evolved since then, these deliberate and economic agreement with washington, which he says, tackles the challenges and opportunities face now on in the future. really soon,
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i can president joe biden have announced a limited trade packed up the atlantic declaration. and covers critical minerals, defense, cooperation, supply chains, data protection and sensitive technologies. according to the white house, the agreement is aimed at reducing strategic dependencies on rival powers. well, the british prime minister made it clear that the 2 nations of strengthening economic security in response to growing threats from china and russia. countries like china and russia, are willing to manipulate and exploit down roofing this steal our intellectual property. use technology for all of our tiring and or withdrawal crucial results is like energy. they will not succeed. today we have agreed the atlantic declaration, a new economic partnership for a new age of a kind that has never been agreed before. so what exactly is this atlanta declaration? well, it's expected to give british funds access to tax credits on the us inflation
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reduction act. the $370000000000.00 subsidies program was introduced by president biden to boost green investments in the us. as part of the declaration, the u. k, will also be designated a domestic source for defense contract is that allows bigger american investment in british companies. it also includes a commitment to a data bridge which would allow you k funds to transfer data freely to american organizations. without any red tape, the 2 nations will also cooperate on artificial intelligence, civil nuclear power. i'm sensitive technologies among other areas to joining us now from boss alona is vicki price. she's the chief economic advise at the center for economics and business research. thank you for joining the program. vicki. this is not quite the u. s. u k tre deal that was promised by the tories. can you explain exactly how this will benefit the u. k. economically. but it's interesting when you
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look at these aspects of the deal, because they include being able to move goods more easily, particularly on the defense side, where of course, there is a serious concern right now, internationally. so you have that agreement that, that in terms of exchanging goods and, and also the u. k. being able to supply the us with the whatever the inputs is required for the defense cooperation that already exists. of course, between the us, the u. k. and an australia which has been struck, of course, quite recently that that is allowing free movement of all of the products also costs. it's in the area of the minerals and, and to the types of material that is absolutely need it for moving into the green technology area. so that's quite an important part to view k to ensure that there are no tax. so at least those easier of trades between the 2 countries. so the cost to business as the case, considerably less, both in terms of being in tech support. and of course being able to import as well
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. and that's very significantly, is the question of whether some of the, the inputs from the you came to the say of the production of cars. and can be considered to be a domestic input. because under the, the new rules that have been set up in the us. but you have to have a certain domestic content in production if by which we mean us, if you are allowed to enjoy some of the subsidies are being offered now for development. so the game is getting into the position of being able to be considered as domestic one under some rules, but the, you, of course, just trying to do exactly the same. so you guys don't the only one which is worried about this issue. so the labor policy at you would expect have been incredibly critical saying that is going to lead persons cupboards bed. is that a fair assessment? well, what, what needs to worry about is whether the tray deals that are being negotiated, whether you want to call them a free trade deals or any other agreements, or they may be of benefit, the more the, okay,
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them the benefiting or so rather than getting more of those we stretching deals with a rather than view k, and they have big concerns about the collections, which i presumably lock. so in some countries, including of course in the us, consumer concern about like a cultural products. but this particular agreement doesn't have been much to do with that aspect of it. it's really much more incorporating it in other areas, including of course services. and i think that's good news from that point of view . but there's always the concern that the deal with australia of the deal possible deal eventually with the us as well. main facts and up with the culture of products coming into the you can more easily then use the question for you. k farm is exporting anything to the wide world if you like, and, and therefore that by just reducing also some of the regulatory requirements we may end up for in the u. k. then otherwise be the case. so let's try deals. mental health is very much, but i think there is a very important requirement right now to work with us on all these areas that the
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us is investing in and being part of this rather than being outside of them. the okay, of course is in a strange position because heavy left the he was coming to she, it was in particular might because it's just one country trying to get into this, but the defense and other close relationship. so the okay has with the us is something that can be built on. i think that is what we should have been trying to achieve and what you've been saying. it sounds like person's access under the us inflation reduction act is going to be a good advantage to them. yes, i think that would be helpful. so the question is, of course, exactly how it works out because implementation is going to be very important because i was saying he was trying to do the same. so of course, there's going to be an issue of competition and who gets that 1st and which parts of the whole process perhaps as you can have a competitive advantage on comparison to other countries in the u. but i think in this particular area, you can see how, you know, staying close to the u. s,
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which is going to be spending law sums of money and supporting its own industry with huge subsidies on the green front. in particular, is, is a very thoughtful part in the way in which to a politics is moving right now and just look into the future. do you think a more substantial trade deal between the us, the u. k. could come about is come 1st of the members of course, because of the presidential elections and nothing is going to be going on. and we know that president binding has not put that in the top of his agenda. the question of course is, who is going to be present in the future? and we do know that president trump didn't really have any huge interest in achieving anything very much either. and certainly if there is a change of government in the u. k, that may prove to be difficult as well in terms of any of possible, you know, seeing i to i, in particular areas. so the big question mark of, frankly, and you know, when the, the us in particular is going to have an interest in doing any deals either with u
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k o a with the you of, that's gonna be either something that we just cannot foretell right now. like i said, interesting to, to see you. thank you for your input chief economic adviser at the center of economics and business research. thank you all the time as an economic recovery, often lifting strict coven restrictions has had a strong start to the yes, the rebound is now starting to lose steam and use unemployment is as a record high within 20 percent of the nation. 16 to 24 age group unemployed in may f one and 5 young people. now indications the situation could get even worse. victoria gates and the reports times the tough for these chinese graduates. they're looking for work at this recruitment fair in shan young city in the north west improvements of shan, she the competition for full time job's intense unemployment, among 16 to 24 year olds is here. so record high in china,
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hold of one and 5. and now without work, that's nearly double pre pandemic levels and full times higher than the national unemployment rate. a growing number of young people are moving to rural areas to find work, say full and g county. and jen provence has persuaded more than 600 up and used to relocate most to doing freelance remote work. and they'll pass the progress strength on you to not start your live, you know, city or your comm even have a life or whatever you call even. so why you can do to tier 2 or 2 or 3 cities or even small counties. it's all okay. the chinese government is taking steps to promote employment for college graduates. it's announced a 15 point plan, including skills, training, and pledge to create 1000000 internship positions in states and companies over the next 2 years. but with around 12000000 young people set to into the workforce this year. some worry, it's too little too late. one thing that, if you look at
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a recent fix, fix that to that, right, quote, number of, you know, with university graduate going up to mazda typically will p x 3 degree. so, i mean, the, the real time to might be one now to 2 or 4 years out, or is quite a ways coming from the mazda probably got to make matches was recent data suggest china is post pandemic, economic recovery is beginning to lose momentum impulse a contracting and industrial output is fully show to the expectations. economists say getting young people back to work is a priority, not least because the account finale 20 percent of the countries can see misspending, victoria gates and be for counting the cost. i'm drawing now from hong kong by carlos casanova, senior economist, the asian union bank cap, purvey u b p. thank you for joining the program so. so what has youth unemployment risen so months in china? i think so. i mean, um, so we are seeing a significant increase in youth and employment and that is despite the headline,
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unemployment number remaining quite low at 5.2 percent from today's date we've seen it go even higher from a record of 20.4 percent last month. the 25th, 20.8 percent. now there are many reasons for this. of course, the expectations of the economic recovery are still quite sluggish. and so many specifically private sector companies are postponing their decision to hire them. that is not going to change until there is an inflection in sentiment, and of course the private sector is huge. be important in terms of employment because it constitutes 80 percent of employment. contrary to the belief that the state is the largest employer and 2nd business, what types of jobs that the younger people tend to go for. we talk per domain and be concentrated in the services and also the tech industry. and of course, that's an industry that has been struggling from the regulatory track down in the
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last couple of years. so what do you make as the governments of 15 point plan to tackle this issue a um, it's a good starting point. um, i think uh these measures are always uh, look very good, but it typically entails a lot of training and coaching. keep in mind also that to much like the housing sector, the labor market, it's slow to move. so we might still take many quarters before we see that inflection point. i added to my point earlier if you have a sector like the private sector, that accounts for 80 percent of that like the job, not the jobs in, in china. the most effective way to address the issue is to allow for some deregulation and the private sector. remove some of the cobwebs and provide visibility for the private sector going forward so that the private sector companies have the confidence to hire people and don't continue to postpone their decisions. it's really interesting we heard from presence using, paying towards the end of last year talking to and youth and saying you need to
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move to the countryside to get jobs, which is quite ironic. what is the logic behind that? and do you think it makes sense? i think there is a group of people that might benefit from some of the trends that we are seeing in terms of reducing some of the regional inequalities. we are seeing a shift in particular in manufacturing, away from tier one cities into um, in lens parts of the country. we are seeing that a lot, for example, with the uh, the iphone assembly moving functions and up north. and so for such a group of predominantly. ready workers that might make sense for them to seek opportunities in some of the cities that are going to take. ready over in terms of manufacturing, but of course when we talk about university graduates, and by the way, we expect use unemployment is only going to get worse over the summer months. as more of the students joined the labor force after graduating for those types of,
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of, of, of, of workers you use, and you still need the high skills. i'll put you in a thieves within tech, another private spears. and currently we don't think that the policy makes is supportive enough to both sectors to ensure a smooth recovery and you find employment in the months ahead. so what was your full cost then? i mean, looking at the economy as you say, the data is slowing down. how, what kind of impact is the sort of use unemployment figures have on the lodge of why the economic picture. it's preventing um, the brother name of the economy away from just pure consumption of services. post reopening to a more sustainable consumption, introductory with stronger domestic investment. the reason for that is it's one of the things that he's tracking on sentiment to together with the housing sector that is being very sluggish to recover. and chinese households have a lot of exposure to real estate about 60 percent of household wealth is linked to real estate. the, the, the other factor is the labor market. if you're not even stories of, you know,
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you know, your friends kid who has been unemployed for the past 18 months, or if you are yourself a parent that is supporting your child because your child is unable to find employment, you are very unlikely you're going, you're not going to be willing to deploy some of your and demick surfaces to consume when you still have this booming uncertainty that is affecting your private life. so we do think that this increase in youth employment over the summer months is unfortunately going to make it more difficult for the hurricanes to pivot and to broaden the economy economic recovery. and so it is going to be much more challenging to put together a package of measures that simultaneously addresses all these issues. call us. okay, so much for you inside called us casanova. a senior economist at asia union bank cash for the u. b, p. speaking to a staff from hong kong, thank you. the body is also for this week. get in touch with us by twisting me at molly inside to use the hash tag a j c t c. when you do well,
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of course you can drop us an e mail townsend. nicole at out, is there a don't net is addressed? as movie online at out? is there a dot com slash ctc that will take you straight to our page, which has individual reports, links, and tie episodes for you to catch up on? that's it. so this edition of counting the cost, i'm money inside from the whole team. that's the joining us nice on al jazeera is next the the in february, 2023. a $149.00 carriage freight train travel through east palestinian ohio search
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8, cause the rate of 11 were carrying hazardous materials. one of them is the most toxic chemicals ever test in the united states. it was terrified, blanketing our communities, photons, investigate safety practices within america's railroad industry. time is money. money is everything. the room on the jersey to the for 72 hours humanitarians. these 5 between see dogs on the in the power military roxanne support forces begins. the trees between sea dogs, war and generals was agreed as, as strikes hit, the capital killing of the 17th civilians including 5 children, the
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money in sight as a $1000.00.

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