so far is show credits of its own failure is a cleared reflection of anxiety and concern inside the ruling party and the republic because of north grant needs to continuously develop the mat, weapons of mass destruction in order to prepare for the event. if eventual negotiations with washington, the south korea detected last month's launch from north korea's main space center. the us says it involves ballistic missile technology which goes against un resolutions. the rocket question to the see shortly after takeoff in south korea's military salvage some of the projectile. and the say, this is what's most worrying north korea davis, lex, uh, dave, close to the south korea, united states, japan learning the unit and out of the north we as i spam technologies. so if these 3 countries will have a clear understanding of where north korea is icbm kate capability is this,

and then it will aggressively on their minds the bargaining lab result, north korea. i thought so many to well i'll give you policy meeting such as this and normally annual events. this is the, the, this year. members with hope, young young plans to strengthen relationships with countries opposing us strategies including china and is determined to continue developing nuclear weapons. victoria gates and b l g 0. the without is there a visa or top stories is where the forces have withdrawn from the palestinian refugee camp in jeanine following a deadly attack. they've killed at least 5 palestinians 90. 1 of those have been injured 23 of them critically. the, the abraham reports functioning concerns as well may launch further attack. this is the fear amongst palestinians here, remember we're talking about the 5 palestinians who had killed in today's rate. but

these really aren't, we came in here because they wanted to arrest 2 palestinians that they believe who are wanted. they have been part of attacks against is relays and they did not achieve that. so they're expected to come back and the fact that they use bombs coming down from is really chalk or as shows you that there is definitely an escalation when it comes to the situation on the ground to try his presidency. jim ping has met us extra estate and the blinking in the chinese capital thinking says the united states and china agrees on the need to stabilize by that bilateral relationship to you and says, david is have pledged nearly $1500000000.00 to help the humanitarian crisis into john u. n. chief antonio gutierrez will, in the country, is spiraling into death and destruction. of stating out with all the headlines is always much more websites out as their adult calm counting, the cost is next,

or wherever there are people. there are stories, stories that must be shared, award winning filmmakers from around the world, presenting tales of true life. witness on a jersey to the hello. i'm molly inside. this is counting the cost on out there, your weekly look at the world of business and economics. this week, the e u is offering to mizzi and nearly a 1000000000 dollars and financial aid from could show up the nation's passive economy. i'm reduced migrant slice. what are the conditions to receiving it? also this week the u. k says it's reached a fast of its kind of economic partnership with the us, the pact now sort of

a free trade sale. so it's a special agreement for a special relationship on china's and use joblessness and admin cities is so record high. we find that moving to the countryside can help solve the problem the to lizzie is cash strapped 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 wes migraines could cross the mediterranean sea to seek a back to life in europe. so it's all for the nation financial help. but what is the blog asking for in return? how many of our reports for the 2nd time in just a week, the president of the european commission, along with the tale and adults prime ministers have come to tanisha for talks with president i cited. the main focus is migration in 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 when it's that. so this coupon has to be endorsed by e governments. as soon as you know how to finalize and how to deal with. i am if the said deal involved a $1900000000.00 loan for tanisha, but tradition president, i saw you rejected the pin for forms required in the terms of the offer. i 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, you know, the 1st of often asians need having this conditioning to a, to 9 mass 1000000. something that case i, it doesn't really want to have the same thing. doesn't really have a choice of the believe the use of the 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 has numbers. we cannot play the role that someplace openly and others hide beam 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 e fee is a potential deterioration of the kind of situation attorneys,

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 town 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, for over all the falls, possibly. so the data contains of financial assistance. some of that, if you did some of that, um, well the launch is the mountains around 900000000 in metro financial assistance, which would help the attorneys in

a government and uh central bank to stabilize its, 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? and so that will actually be a small pond, so it'll be $1.00. this is only a 100000000 that will go to the border enhancement of border protection. so it's a fairly small small amount of bots. if you look at similar deals that he us truck, we have with egypt with, with libya, and almost it's not insignificant. of course,

from a european from an you perspective. um 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 your will to push for those that are making provisions leave at least the country. no indeed, that makes that does make sense, but your need is 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, at least in the short term. i think, you know, if you think about the enhanced the board of protection for the task that makes this need a smacking business risk, you make the costs for you. um, without addressing at least the full term of the underlying affect us to drive people to leave, to an agent. so i think in the fall to him it's probably not achieving that to a launch extend even though it's the secure die is,

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 investment of monte lot to run by that sort of 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 booby rabo challenge. what do you make of the most of here? because president, case site seems very skeptical of this deal. so i think that is perhaps this makes and this, this feeling that a, that's your opinion leaders. you know, certainly worry about about my migration. basically want to get a to an easier on boards to now restrict, you know, the amount of people and boats leaving, leading to these controls and, and so on. and that has been attorneys like older agirri and all those have been

more resistant to working with the you on, on the migration issue, a lot of calls like so many leaders in the mediterranean hills and noticed that because it's such an issue for, for europe, it also gives some leverage over europe. and you could also argue that the, the, the also that, that europe is making continue to is to some extent of this new expression of that . namely that europe, uh, really needs an economically stable to tanisha. and in order to have a sustainable solution on that migration, the question, what about the ultimate funds that to nicea is hoping to receive again president, case site has been very critical. 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 paying 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 the probably check the wage bill. and when many of of things will create a new some certain 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 else anesha. and but the question is perhaps, to what extent you need the attorney general forty's and the i invest 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 at old 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 has 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 i can present, enjoy 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 our openness. still 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. to what exactly is this atlanta declaration? well, it's expected to give british funds access to tax credits on the us inflation 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 portage 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. joining us now from boston, lona is vicki price. she's the chief economic advise at the center. you can all makes the business research. thank you for joining the program. vicky this is not quite the u. s. u. k trade deal that was promised by the tories. can you explain exactly how this will benefit the u. k. can only play? well, it's interesting when you look at the 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 the agreement 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 corporations that already exists. of course, between the us, the u. k. and 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 of the u. k. to ensure that there are no tax. so at least those easier trades between the 2 countries. so the cost to businesses, the case, considerably less both in terms of being in tech support. and of course being able to import as well. 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 into 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 the development. so the u. k is getting into the position of being able to reconsider the domestic one under some rules, but the, you, of course just trying to do exactly the same. so you guys are the only one which is worried about this issue. so the labor part, see as 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 trade deals that are being negotiated, whether you want to call them at free trade deals or any other agreements. so they may be of benefit the more the k then the benefiting or some rather than getting more of those we striking deals with arrived within the u. k. and they've been concerns about regulations, which i presumably lock. so in some countries, including, of course, in the us, consumer concern about 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 us is investing in and being part of this rather than being outside it. and the okay, of course is, you know, strange position because heavy left the, he was kind of go, she had to then particular might because it's just one country trying to get into this. but the defense and other close relationships. so the cat has with the us is

something that can be built on. i think that is what we should have been trying to achieve from 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. but as i was saying, we use 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 is that you can have a competitive advantage on by comparison to other countries in the u. but i think in this particular area, you can see how, you know, staying close to the us, which is going to be spending voss sums of money in supporting its own industry and with huge subsidies on the green front. in particular is, is a very thoughtful part in the way in which do 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. it's confir. so the members of caustic goes to the residential elections and nothing is going to be going on. and we know that president binding has not been that 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, lot of, frankly, and you know, when the, the us in particular is going to have an interest in doing any deals either with u k o a with the u. a that's going to be either something that we've jessica know for intel. right? now, i guess i have 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 style 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 . as one in 5 young people now indications the situation could get even worse. victoria gave some be 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 old says here's a record high in china, hold on 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 perio 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, if 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 a research fixed expense of that red 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 out 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. economies 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, 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 20 values 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 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 a 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 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, very good, but um 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 it 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 in 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 president aging, paying towards the end of last year talking to and youth and saying you need to move to the countryside to get jobs, which is quite ironic. what is the logic behind that? and do you think that 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 uh in a qualities. 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 a certain group of predominantly. ready workers and that might make sense for them to seek opportunities in some of the cities that are going to take 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, 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 those sectors to ensure a smooth recovery and you find employment in the months ahead. so what loves your

full costs 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 the trajectory with strong a 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 so in these 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, you know, your friends kid who has been unemployed for the past 18 months, or if you are yourself a parents 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 the door 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 hard things 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 like you so much for you inside called us casanova. a senior economist at asia union bank cap, prevent you'd be speaking to staff from home. com. thank you. that is also the best we get in touch with us by twisting me at molly inside to use the hash tag a see to see when you do well, of course you can drop us an e mail accounts and the cost 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 out page, which has individual reports, links and ty episodes the you to catch up on. that's it. so this edition of

counting the cost i'm money inside from the whole team backs the joining us nice on out of there is next. the effort to make telling us basketball team concerns it to lease out dates as low which exclude them from competitive support with the full budget to compete because we are foreigners, we are not phones. we all vote and if you took out, is there a world follow them, and the inspirational coach say font the moon just to come to the smoking affair at all, to deny these young boys to ride. sometimes basketball on al jazeera,

the south korea police receive up to $200.00 reports with violence every day. one when ace to investigate career lead from one out to 0. the at least 5 palestinians are killed off to his really full says attack. janine refugee comes in the occupied west by the down or kyle, this is out there in life from doe ha. also coming up you in the extra general clothes for $3000000000.00 in aid for us to don, which he says is spiraling into.