ave, which we then people travel from one country mentally, in other discovery, new new places. and i think this is this journey of euclid of the journey into darkness. as your playstation agency website says, the journey into darkness is, i think, just part of human curiosity and trying to understand, you know, why we're here. and why is it so strange? because the current measurements based on it other based space based and gone based telescopes suggest that it's present. we understand only 5 percent of universities might of stuff like us, well, ordinary mentor. and we don't understand 95 percent of it, which is made of cause or mentor and dark energy. the

you'll what you'll just bear with me is that he'll robin day hold reminder of all the top stories 100. so be interested in phones dealing with a 5th 9th of riots that's being triggered by the killing of a teenager by police on choose day. elio hundreds gathered to pull the funeral of the 17 year old. meanwhile, in the southern city of mount say, there was an intense clashes between police and protest as cause and ties on fire broke store windows. please use, take us to disperse. the crowds, us equity general is wanting. the world must not forget haiti and says the international responds to the countries crisis is not enough. on tenure guitar. irish was the to assess the dying humanitarian situation that includes mount nutrition, hung up, and cholera. the bill provides the necessary forces for these national community to come, the supporters to the police, the police, not only in training and the equipment, but also with the presence of a security force. able to dismantle the activity of the gangs campaigns. they

decide whether to recognize indigenous people in australia is constitution. and now in the way the yes campaign is the leads for an upcoming referendum. but if any impulse addresses support is slipping, below 50 percent. the dutch king is apologize. folding netherlands roll in slavery, king village alexander said that he felt personally responsible for what he called a crime against humanity. thousands of protesters, it israel on back on the streets again to rally against funds to reform. the judicial system changes would include have supreme court judges of selected 5 minutes, and then you minutes and meal who was dropped parts of his plan that would have allowed parliament to overrule quote, decisions. but that sort satisfied demonstrate as one told of the change described by chance of being held every week since january. one of these stories on the website. it's all just that dot com is updated throughout the day. i'll be back with more news and just into half of the time, but next is counting the cost. do you stay with us as

a diverse range of stories from across the globe from the perspective of on networks journalist on outages here on the hello. i'm adrian's, and again, and this is counting the cost on i was to 0 your we can look at the world of business and economics this week. inflation is slowing in many countries across the world. but the fight spring prices down as far from over is it about to get even tougher and more painful. also this week a flurry of commercial and defense deals between the u. s. and india. utilities. economic and diplomatic pa is rising, but kind of compete with china plus a much needed financial breathing space for them. the nation's dep deal with china

could pay if the wave of the country is struggling to pay the liabilities the, the energy is cheaper. and so the prices are increasing, but of a slow pace. inflation is easing in many parts of the world, but it's still higher than the target. but the central banks would like it to be, despite the most synchronized and intense monetary policy type thing. in decades, the world's central bank umbrella body now says that the global economy is at a critical juncture in the fight against inflation. it was the last leg of that johnny will be the hottest bank for international settlement since the interest rates might need to remain high until 2027. it's called on governments to reduce spending a day increase taxes. the cool price is, and it's one that strong head winds may lie ahead with a material risk of more financial stress, interest rate hikes were blamed in pop for the collapse of silicon valley bank of

the us, which led to a weeks long banking term. well. so what's tricky about parking rates will 1st, let's see how they work. increasing interest rates makes borrowing from banks for carlo owns, for example, more expensive. people start to spend less because they'll have to pay more for servicing that, that loans demand for goods goes down. and prices eventually begin to drop, but that flows down the economy, central banks, that writing a fine line between raising interest rates. i'm not hosing that. our economy is. if they raise them too much, that to push countries into a deep recession. if they raising to little, i'm not fast enough, inflation could become more entrenched. the us, like many other central banks, is targeting inflation of 2 percent. it's now nearly double laptop get bought. the federal reserve has recently paused race rate hikes, leading them up more than 5 percent. it says it wants to assess the impact on the economy. all the banks, like the bank of england, i've stepped up the fight against rising prices. the u. k. is increased rates 13

times since december, taking them up from the 0 to 5 percent versus inflation stubbornly high in may. at 8.7 percent. the european central bank has recently raised rates, but only by a quarter percentage point. they now stand a 3 and a half percent. the rows on area has already slipped into recession. the c b says it wouldn't be able to announce rate peak anytime soon. so why has it been so difficult to rein in inflation once a long so that with joint now from london by village patel and experts and international monitor economics, the largest, the global mattress strategist and the research good to help you with this a bit. so that why does installation remain so stopping lehigh? we've had a really sort of unique, i guess, couple of years. right. when you think about the post pandemic situation in terms of the supply shots that we've had as a result of that pub demik. but then coupled with the reopening effects that we're

seeing with from the demand side, it is really unique, something that we haven't seen for 3040 years, i guess, or ever really and in the back for landscape. so i guess not just central banks, but i'm investors, i'm this, we also is struggling with the idea of this very elevated sticky inflation. and i would sort of characterize it as what we're seeing is just the series of events and an unique events that have happened during the last 2 to 3 years. that it co, relaxing and really permanent behind patients. that's making it really challenging . because one of these, each of these events so that we're, we're almost unpredictable and i think that's part of the challenge right now is just trying to figure out, okay, about what point do we get back hope away from sort of, i guess this unusual phenomenon. oh, well that we've seen and into a more normal situation that we've seen. i think we're starting to see the signs of that still quite still a long way to go before we can cool victory on pollution. so i think so it's easy sites and unusual situation. a lot of people standing around scratching that heads up above it. does the central banks actually know how to tackle this issue?

is it the problem a government's not doing enough? no, it's a great question because i think it's a combination of both right? like the, the idea that central banks have the only tool in the monetary policy tool with kit to deal with inflation as well. like i think that when you look across the world, all the right said step parts of this, of the markets, the economies of the manufacturing construction. that is all starting to slow it because rate hikes. it today we're going to be doing, taking sort of the rate sense deposits with economies down and those inflation and components also moving in the way this the real sticking point right now is the sort of services and i guess this consumer element where frankly it, it rates with rates on their own or do not have it in your impact on this it's, it's very understanding binary, right? it's either all or nothing where the recession and substance goes down, or we know that the recession services remains strong. so, you know, if the goal is to sort of tackle that in play, shooting event, then maybe we might need to look outside of monetary policy. we might need to start

thinking about all the ways in which we can, you know, tackle that. and one key way i think governments can do that is really addressing the skills shortages. the reason why we have huge demand mismatches is not necessarily because companies are hiring is just they can't get the right work. and so that's one way that governments can help out there is, can see about this as well. more type thing to come with. the message from top central bank is at the annual gathering hosted by the c b in portugal. and they recommend they can do it without triggering recessions. it is not possible. i disagree. i mean, i think if you look at the type of inflation dr. now, so they're trying to get down, which is really the, the last mile. let's say that the b s quoted which is services inflation. i really don't take that, that's the type of inflation up for the hikes are going to really do unless you damage the economy that should create a hard landing scenario or recessionary environment that we've seen. you know, like of the likes of quite a bit of gfc, etc. the not frankly or not what the central banks one,

that's the only type of way that we're going to get out. that's really sticky and patient. so i, i struggle to see an environment with the rate hikes at this stage of going to do the type of this inflation that they want without taking some of that to some industries that are very sensitive to rate. so i, i do think we're in the room where every like now is on the, on the budget for a policy policy mistake and one where unfortunately, central banks have only one monday, which spring inflation done. so it's not really that fault, but they have to almost up, you're blind, the sort of take that, that policy objective on, on the sort of chain. and i think that that's the difficult part. but the, and the central bank of where they have to take regulation, dump of the root of, of c, you know, not paying enough attention to some of the warning shops they're already out there . so if, if rates continue to rise, if economies continue to slow, what's the impact likely to be all the likes of you, me and then they were watching today? yeah, i think that the, the student outcomes are becoming very much more binary,

right? either we're going to be in, in an economy with, it's a lot more we're sending, and we, uh, you know, the rate hikes that we've seen in the past and not going to do the same damage that they've done in the past to consumer spending. because associated economic factors that have changed since the pandemic everyone wants to spend more, go out more like cetera. or it's just only just increasing the opposite the left tail, which is not that we're going to see this will crash it binds to some extent. later this year or that's one of the i'm where you have the lots of situation. i think that invest is maybe sort of mis guided by some of the underlying strength and inflation. and so the reading that as to a strong economy, i see this is very stuck, they stressed the so the sticky supply driven your interest in credit forces that are driving inflation. and you take the a good example of that. and i think that when you look at some of this, of the underlying weaknesses that are stemming, you know, it's only making this one of the risk of very so the hot dining coming coming up. so i wouldn't discount the old. so the, another s b b crisis and obviously the banking related housing related stuff coming

through in the next 6 months because that's the only sort of re, i guess out of this very sticky inflationary environment. and as briefly that the whole economy is a different of course, each, each one is unique, but is anyone getting it right at the moment? right, so it's a, it's a tricky one to get it to take to get right. because no other thing anyone, any central bank really has it, you know, inflation fully under control. i do cred credit to some of the emerging market. and countries where they can really aggressive, really front loaded in that rate hikes and seem to be sort of you know, dealing with inflation resources a bit better. but again, when you think about some of these emerging market economies, they all subject to global inflation explosives, in the supply issues that listing and food and an energy as well is going to have the wrong vacations for a long time. so that's the chapter, a tricky thing with central bank is or any sort of global country right now dealing with, if they should, when you have a huge external shops that you cannot control, it's really hard to get it right there. i've just been really good to talk to you

on kind of the costs. thanks so much for being with us in india over to china as the world's most populous nation in april, alongside its population of 1400000000 indians economy is growing fast and its political power is rising to india as prime minister has recently received a live as well come at the white house, the us president considered as new delhi unimportant pop. now encountering paging is global economic power. a wants to pull it close up. the 2 leaders have recently taken that ties to a new high job, i think, and their end remotely announced several defense and commercial deals during bodies visit to the us. they include building general electric f for one for jet engines in india, and repairing american navy ships in india and shipyards. the 2 nations have also agreed to end 6 disputes of the world trade organization and to work together on sunday conduct as critical minerals, technology,

and space. american and western companies also increasingly during business with india. apple has expanded production in the nation of the sufferings supply chain disruptions in china. india has bought 220 across from boeing, the american play, and make us the biggest se level time of europe and play make ad buses. recently, one of the biggest plane deal with indian airline, indigo. so kind of india compete with china. well, let's take a look at the numbers. china is more than 17 trillion the economy is nearly 5 times larger than that of india bots. the o e c. d, so as the economic growth in india is expected to out showing china this year, the average chinese individual has an economic output of almost $13000.00 a year. it is less than $2500.00 for the average indian china produces more than half of the world's 5 g infrastructure. well, india is way behind. they things,

artificial intelligence. 5 is received at least $95000000000.00 in private investment between 2013 and last year india. and so i'm just received nearly 7000000000 and 4 of the was 20 biggest tech companies by revenue. a chinese none is based in india as well from china, india with joined that by me. how and thomas, a senior economist, i'm program manager of economic. i'm a linux at frost and sullivan. good to have you with us. what do you make of these economic deals? that between india and the us, what we're seeing in some lee is that the again, the us have basically a beat to us. you will be within the space of defense, particularly men goes or send me conductors and the like. for example, we can be looking at general electric splendid investment into the indian economy to potentially john to manufacture object engines in conjunction with him. the spanish aeronautics where it expecting to see potentially in what investments into

india for a new semi conductive facility. and that has also and turned in to o u. s. driven cliff coordination to secure all of the supply chains when it comes to critical vendors. so net network, we the thought of collaboration, particularly in the ed has of what you would call uh hi, a tech higher value, right, manufacturing. and without a doubt, i'd also see that these deals are in sync with what we see happening across the global economy in terms of the decentralization, all the diversification supply chain, i'm sorry to interrupt you, but the collaboration, yes, but what is it specifically the india office the us, the, the us con, do for itself. so same talking to make note of the point that this particular juncture is definitely can be seen as the global economic heavy weight of from trying out in the sense that it's due to be true for the car in the school 2022

full is it about 6 to 6.5 percent. so it's a strong robust economy to engage with. and it's especially important because this is a context in the context when western economies are facing recessionary sentiment that the feelings, the chinese economy, for example, is displaying signs of needs and the growth recovery following the lifting off. nope, down. so i'd say that in gather stable economy, there's not much to do besides that, it has to offer. and of course, a lot of demographic advantages that india has to offer to businesses looking to collaborate with india being a little cynical. here's what this really is about, is diversifying supply chains away from china for the us. in the sam, yes, it is important because of all the we have been seeing a trend of what you would call up the to we from china or china plus one strategies . which essentially means that the of just taking the step back following the 2019

us china trade was and van dyke avenue to so ukrainian was, there's been a vacuuming to global supply chains. and there's been a need to reduce over dependence on china and any specific location. so china plus one essentially means that businesses are looking to maintain presidents in china, wind at the same time, sort of expanding or diversifying that footprint across the economies. it's important to make note that it's a china plus one strategy. so china to pretty much remain in the group equation, all the good strategy just because it's such a manufacturing our house, you have to and well entrenched when developed manufacturing ecosystem. yeah. but countries, but, but for how much longer, i mean, how much of a threat does india's fast growing economy really posed to be g. that so we will see that china plus one visit to india along southeast asian economies and the like

because in defense to gain when businesses are looking to diversify b on china, i'd like to have mentioned you have the strong growth potential. that's quite a strong government. so manufacturing policy trust in recent years, particularly evidenced by a 9 mock up production link incentive scheme. side to the india is in a prime. oh, time of space to sort of capture some of those investments as companies look to diversify b on china. what challenges then is india facing as it, as it goes up then to become a, perhaps an alternative manufacturing hub to china? so the 1st thing that comes to the full, uh, perhaps is some of the largest sticker challenges. logistically, costs associated with doing business and and now so logistics costs are the percentage of g d p in india, up typically higher than what you've seen, some of the other major economies and at the end of the day of cost,

this affects your export competitiveness. your trade competitiveness, but in that regard, we do see the indian economy, sorry, the indian government having recently launched the national logistics policy to sort of control and mitigate some of these costs, but also seeing a lot of mega infrastructure projects to call these costs. and i see that, um, at the end of the day, as you have this trying to plus one visit in the, obviously it's competing with a lot of other destinations, southeast asia, primarily so se, asia, for example, a received the or managed to attract a fair share of investments following the us, china trade well, outbreak division as a whole of costs offers competitive costs and as the budget towards higher value at higher tech manufacturing in this region as well. so in good estimates, he has to differentiate it says, why competed with some of these locations? really good to talk to you. they have manufacturing day for being with us on counting the cost. sam b,

i became the 1st african nation to default on its depths during the curve at 19 pandemic for 2020 loans with more than $18000000000.00 have restricted the countries ability to invest in social programs and the infrastructure project spot . despite that, china was accused of dragging its feet in talks to provide the nation with dep relief. badging denies the obligations that it's now agreed with other creditors to rearrange the payments under the deal that'd be as public sector credits, as have agreed to reschedule. bolden, $6000000.00 of payments. private sector creditors are expected to do that to, on nearly the same amounts of money owed to them. the agreement will also allow sign via to receive money from the international monetary fund, french president, depending on what cons government helped to make the break through the global finance and climate summit in paris. so it'd be, as president held the deal as a significant milestone box. i kind the pitcher lima said that the hard work isn't

over yet. and a stipend on twitter, the president added that the debt restructuring agreement will be a game changer, leading us towards sustainable development prosperity and economic sovereignty. but some politicians, a worry, the performance will client by lenders will huts ambiance who are struggling with rising prices. and who's going to put the means that we stick, you know, a subsidies and this time does that come on, you know, of the cost of joining us now is headache and brooklyn from the law in serbia. he is the executive director of design. the institute for policy analysis and research . eric good to have you with us, eric how, how beneficial will this deal be for them be as economy? what are the challenges that lie ahead? the changes. uh yes,

but this breakthrough gives the visual release because the to the fiscal position, the 2nd got it. so it created this space, this physical space i was going to drop a picture sources into that. so but that isn't going to change is oh, there's still a donor form. that change was just increased in this, i'm just close to space and then it has to be indifferent to close to that you push it to the surface. so you do i see bethany office twice on the process of trying to do that and i say she not, let me spend the night. so she, i don't. okay. so that's where she stood. nice. it is of interest step by the exchange. it is the basis for okay, cool. so let's do that,

then we can do the changes to the dental oh, so what, what is the dental and the dental x? what eric does this deal say about china's position on that restructuring? and it's wanting us to write off that each, each just trying to engage the well suppose is the best use to see if it come to you as the decision making process itself. but i didn't get the impression that this and this government has to be engaged is the just to ensure to minimize the task due to the supplemental policy. so uh let me just check this, dig christmas present. so it was really uh, uh,

the g to discuss this is the issue we send this time does between different items. so i can do as much as of the result. i think we see that by showing that these are usually between the us and i think the, the, the price of the office, which is going to be some good news, is that for sure. now we sent it to the properties of the printer is, is a poor thing, but that of developing nations, the right onset to, to they said that the outcome of this summit was, it was the agreement to, to pause with that should. i mean it's, it should surely just be cancelled shifting that well, you know, we have the disclosure is the way i did it. and, well, we ought to be so much as otherwise, you know,

stuff for which one of us, those are great. so is the pause, the pauses date, you must see what this is choose uh, provided by. so that should be looking for. so when to come back to this position. so see, this is what it would be, all the data solutions solution. so what does it have to do back on it, which is good for me to just show it to you. i can just to find that this data is designed to expose the minimizing people they finally got to balance is also the citizen cost, which is low exchanges as an interest to do that because it is the she was sure it

was visiting change with my institute change of across the governor's because um oh, that's necessarily looking at this is i think she's make sure that we offer the support, you know, the biggest problems that i think the funding so much. so this is the message. so what do you need it to do? as a, what i did is that we should be good for us. and this one pictures of good into production opportunities. but we also want to place the people, the harric. it's been really good story to your accounting, the cost effectively for being with us. and that's all show for this week. if you tried to call me on anything that you've seen, you can treat me. i'm at a citizen on switzer twice and use the hash tag h i c t c. what do you do?

you could also drop us a line counting the cost. it was just a what don't net is our email address. as always as more for you on line of elders 0 dot com slash ctc, that takes you straight to a page. and then you'll find individual reports, links and even into episodes these attractions. but that is it for this edition of counting the cost on a tree instead of going from the scene here at the all thanks for being with us. settings on al jazeera is next the house coverage of africa is what i'm most proud of. every time i travel, whether it's east or west africa, people stop me and tell me how much they appreciate coverage. and our focus is not

just on the suffering, but also on the more pop listing and inspiring stories. people try to tell them what's happening in their communities in a t a and i'm biased and as an applicant, i couldn't be more proud to be replacing the issues of the day. we've got to stop the intensive farming systems, the climate change protect disruption, otherwise we wouldn't be able to feed ourselves. everyone has a voice. one of up here says pipe top and major a and says this is american economic car wash. what would you say about the wash and light targeting the but it's only going to be nice targeting vulnerable, but as well. but it's important to have this conversation we need to talk about and not about narrative, the street on algae 0, frank assessments. quite frankly. let's, let's dress the elephant in the room. the reason the south koreans want their own nuclear deterrence is because they don't trust the us informed opinions. fighting

has basically lost 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 it might again look through the states that there is no strong government to control and which means that this might affect other countries. inside story, on al jazeera, the a wide spread rust across phones as police struggle to contain violence by riots. as for 5th nights and a roach, valia hundreds gathered for the funeral of know who i am the teenager who's killing by police response days of protests the product. so robin, you're watching officer.