tv Counting the Cost Al Jazeera June 22, 2023 2:30am-3:01am AST
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did well, he's still a popular politician among results. conservative. i'll go so you watch them over the mountains. you do the, the right and center, right, grew with boston. narrow and are here to stay. they have a strong presence in congress and they elected the governor of south palo brazil's rich estate. also not his party is still hoping that he will make a difference in next year's municipal election and that he will will help elect conservative may years across the hill, even if he's far from running for office mont. if you're not here, i'll just 0. we addition narrow the type of picture of the headlines here. this is ready for us is of killed 3 people in an answer back against a promise to me in group in the occupied westbank. the rand runs, try get a vehicle need jeanine, and follow the day of attack spies. really settlers on palestinian homes and cause of a force that has moved from rock by the west bank. not really since the 2nd and the
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thought of the beginning of the 2 thousands have we seen this kind of strike targeting what these really is turned as to a terrorist. so they said that they had been shooting earlier in the evening and that they were also responsible for other attacks as well. it's being supported by is where the government figures and, and by the far right, national security minister, it's him. i've been via, he said that this was a beginning, it's the kind of thing that he had been calling for. there's also being reaction from, from us in gaza. they're saying that the use of across to assassinate people is a dangerous escalation. and they've been von and confrontations between his writing forces and protested from the grooms community. and they all to find good on heights. several people were injured off to is ready for his 5 to gas, and you'd want to kind of hundreds of drew's residents say the farmlands will be affected by plans to build massive wind turbine. heavy fighting,
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resumed incident on wednesday, within minutes of the end of a 3 day truce warning signs have reported. they've been holding tools in saudi arabia to agree on the newest east fire for the holiday. later this month. the u. s . coast guard is continuing, it search for a semester. the last and the north atlantic with 5 people on board. went missing on sunday. well, taking wealthy taurus down to see the wreck of the titanic coast guard says noises have been heard in the search here for a 2nd straight day. they've not been able to locate the source. i suspect a gas explosion and power set several buildings on fire and injured at least 37 people last cause the front of one multi story building to possibly collapse emergency cruise. i searching for 2 people who may still be trapped inside so those are the headlines that he was continuously and i'll just say are off accounting the costs. thank you, and thanks so much and bye for now. to ask like
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a narrative from african perspective to based on, you know, from us to short documentary spine african filmmakers. and that's going to be the special for the taste of the son from madagascar and football from a new series of africa direct on our the hello, i'm molly inside. this is counting the cost on out there, your weekly look at the well, the business and economics this week for you is offering to mizzi and nearly a $1000000000.00 in financial aid. the fund could show up the nation's passive
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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 u. s. packed the source of a free trade deal so easily. 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 phase of 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 countries 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, what is the blog asking for in return?
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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 price. i get the main focus is migration smuggling and economy cooperation. european commission is considering macro financial assistance as soon as the necessary or agreement is found. and we are ready to mobilize up to 900000000 euros for this purpose of my career 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 it has to finalize it not to deal with. i am if the said deal involve a $1900000000.00 loan for tanisha, but tradition president, i saw you rejected the paint for forms required in the terms of the offer. mean, when you look at the different conditions on the line method does include the subsidies, especially into a new product. so 1st necessity is not, you know, the 1st of, of donations mean having this conditioning to a, to 9 mass. notice something that case i, it doesn't really want to have, but the same thing doesn't really have a choice. kind of a believe the use optimal object is behind the desk. you can use to ensure attorneys just from cooperation on the issue of migration to nation. president has been critical of your 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 gods for their
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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 see you fee is a potential deterioration of the kind of situation as soon as you could make it more difficult to control that migration flows. how much fun does here for counting the cost? joining us from london is thomas quits. housekeeping. he's a senior practice director global council. i'm the head of 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 to miss. yeah. what exactly does that entail and how much difference will it make to tennessee is economy. the deal, i think is quite an important step within a legacy process of getting to easier. so when i'm asked to you, and so what it contains exactly, it's a, 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 all the false positive. yeah. so the data contains of financial assistance.
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some of that, if you did some of that, um, well, the launch of the mountains around 900000000 in metro financial assistance, which would help the attorneys in a government and uh, central bank uh to stabilize its uh, its total of finances. the uh, the deal also includes um, an offer to upgrade to the existing trades agreement. it's pretty sure that it contains provisions on energy and people to people contacts 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 of embarking from tunisia to utility and multi yeah, exactly. tell me more about that. how much of this money is being directed towards dealing with the migration process? and so that would actually be a small pond, so it'll be $1.00, a 1000000000. this is only
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a 100000000 that both go to the border enhancement the border protection. so it's a fairly small, small amount of bots. if you look at some of the deals that the u. s. truck be 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 your will 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 least the whole top. i think, you know, if you think about the enhanced the board of protection, what it does it makes was the, the smart thing business risk. you make the costs for you um without addressing at
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least before 12, the underlying affect us to drive people to leave a tunisia. so i think in the photo i'm, it's probably not achieving that to 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 investment of a monitor lecture and 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 booby 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 uh, that's uh, european leaders, uh, you know, certainly worry about about my migration basically want to get it to an easier
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unbox to now restrict, you know, the amount of people and boats leaving leaving to these controls and, and so on. and that has been tanisha, like all the jewelry 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. mm hm. and um, you could also argue that the, the, the, the also that the yorba is making continue to is to some extent what was needing to expression of that. namely that europe really needs an economically stable tanisha. and in order to have a sustainable solution on the migration question, what about the i'm a funds that to miss you is hoping to receive again president, case site has been very critical of some of the reforms being asked of to miss you
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. what do you make of them? the problem with i am as reform 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, suppose 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 won't mind yellow things. will it 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 to it needs to get done in order to, to avoid a default of tenicia. and by the question is perhaps, to what extent you need the attorney general forty's and the i can agree on
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a view that makes it politically feasible for the current administration that has more flexibility perhaps than policy 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 the level count. so speaking to us that from london, thank you. thank you. a person has thoughts, a comprehensive trade agreement with the us since it's 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, needs delivered an economic agreement with washington, which he says, tackles the challenges and opportunities face. now i'm in the future. really soon,
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i can president joe biden have announced a limited trade packed up the atlantic declaration. it covers critical mental 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 us strengthening economic security in response to growing threats from china and russia. countries like china and russia, are willing to manipulate and exploit down roof in this. 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 kinds 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,
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the us inflation reduction act. the $370000000000.00 subsidies program was introduced by president biden to boost green investment 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. 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, vicky. it's not quite the us and 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 look at the
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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, 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, and australia, which has been strong, of course, quite recently, that, that is allowing free movement of all of the products. also, course, 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 or at least as easy a trades between the 2 countries. so the cost to businesses view case considerably less both in terms of being in tech support. and of course being able to import as
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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 are being set up in the us, 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 consumed, domestic one on the some rules, but the, you, of course just trying to do exactly the same. so you guys, so 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. that 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 so that maybe are benefiting more the,
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okay, them the benefiting or some rather than getting more of those we stretching deals with a rather than b u, k. and they have been concerns about the collections. we check assembly black. so in some countries, including of course, in the us, consumer concern about good 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 fact and up with the culture of products coming into the u. k. a lot more easily than just a 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 this idea of 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 to them the okay, of course, is in a strange position because heavy left the, he was kindly there she had within particular mikes because it's just one country trying to get into this. but the defense and other a close relationship. 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. i'm what you've been saying. it's sounds like person's access under the us inflation reduction act is going to be a good balance interested in 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 we use trying to do the same. so of course, there's going to be this your 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, same clips to the us,
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which is going to be spending law 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 come 1st of the month of the cost, it goes to the residential elections and nothing is going to be going on. and we know that president binding has not forgotten 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 like a, 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 just cannot
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foretell right now. okay, so interesting to, to see you. thank you for your input chief economic adviser at the center of economics and business research. thank you. on the sun is an economic recovery, often lifting streets? coven restrictions has had a strong salt 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. that's 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 and the northwest. improve inception she. the competition for full time job's intense unemployment among 16 to 24 year olds is here. so record high in china, hold of one and 5. and now without work,
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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 of doing freelance remote work and they'll pass the perio strength on you to not start your live, you know, city or the economy. you may 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 a recess, fix, fix that to that. um, right, quote, number of, you know,
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with university graduate going up to mazda typically will p x ray 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 going 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 columbus, the asian union bank had purvey u. b. p. thank you for joining the program so. so what has use unemployment arisen 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
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it go even higher from a record of 20.4 percent last month. it's when you have 20.8 percent. now there are many reasons for this, of course, and the expectations of the economic recovery are still quite sluggish. and so many specifically private sector companies that 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. the importance 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 cracked down in the last couple of years. so what do you make as the governments of 15 point planned to
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tackle this issue? so it's, it's a good starting point. um i think uh these measures are always uh, look 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 martin, 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 providing disability 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 particularly 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, up north. and so for a certain group of the predominantly. ready workers and 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 an employment, it's 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, you still need to high skilled opportunities within tech,
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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 was your full cost then? i mean, looking at, they called me 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, a way from just pure consumption of services. post reopening to a more sustainable consumption, a 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 in the 20s household have a lot of exposure to real estate about 60 percent of household. welf is linked to real estate. the the, the other factor is the labor market. if you're not even stories of nope, you know,
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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 the 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 like you so much for you. inside call us casanova. a senior economist at asia union bank cap, prevent you'd be speaking to a staff from home calling. thank you. that is also the best we get in touch with best buy, 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, the house and the cost at out is there
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a don't net is addressed as movie online at out is there a dot com slash c t c? 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 not the inside from the whole team backs. the joining us nice on al jazeera is next the the, [000:00:00;00]
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