the flexible house, we left with the police and the poor guns gone. his government says more than half a 1000000 teenagers became pregnant. between 201620. 20 some. just 10 years old. well, free education and gone a means 9 out of 10 children. i enrolled in primary schools and most of the drop out due to pregnancy the government hopes, awareness campaigns with encourage more young women, such as is for to stay in school. despite the challenges of being a new mother, she's also planning to complete the education to meet the miller ultra 0, the hello again. this is al jazeera and these are the headlines. palestinian lead is describing the latest as randy rates and he occupied westbank as a new rule, crime against defense. just people. is there any forces killed 9 palestinians and

injured 50, at least 15 as strikes target engineering and operations also underway in ramallah . palestinians were arrested of con, waive on the vehicles made in the janine refuge account. these really on the says it's targeting what it caused a terrorist elements in the area. demonstrations being staged outside townhomes across france and opposition to violence. spunk by the police, tracing of a 17 year old. see what people are arrested on sunday nights than during the previous 5 nights of unrest. was over, it says it's stopped recruiting mass, mary's in russia for at least a month. the kremlin says it wouldn't affect operations in ukraine, and that the recruitment of new soldiers weren't to be needed in law and new investigations unit as being set up to hold russians accountable for suspected full crimes. and ukraine is based in the hague and the netherlands suspected russian will cries and through the massacre of civilians in the city of boucher and attacks on ukraine's infrastructure. a hometown police offering a reward is more than

a $100000.00 for information leading to the arrest of 8 political activists living abroad. the full of the politicians, though it is uncommon cases are accused of serious national security offences. 216 people have been arrested under the national security law since it came into effect in 2020. it was introduced often a series of onto china, protests and 2019 type ones. military has begun a 2 day life find drill ahead of annual exercises. it's ramping up its defense capabilities as relations with beijing increasingly strained. in april, china simulates of target and strikes on taiwan and suckle the island. to russia says it will cut the oil production by half a 1000000 barrels per day from invest. bounce off to saudi arabia expensive production cuts of a 1000000 barrels per day for another month. the on put reduction jointly accounts to 1.5 percent and global oil supply. well, there's the headlines counting. the cost is next. who needs to be an hours to

cracked? 10 communist travel, only to be disappear. of families, tragedy entwined with a violent chapter in the country's history. what do you see to say, is that going to be my blood on? that was to a nice long search for answers and close finding salon. witness on out is in the hello. i'm adrian said again, and this is, comes in the cost on, i was a 0 your we can look at the world of business and economics. this frank inflation is slowing in many countries across the world. but the fight to bring prices down

is far from over. is it about to get even tougher? a more painful. also this week, a flurry of commercial and defense deals between the us in 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 other countries struggling to pay the liabilities the, the energy is cheaper. and so the prices are increasing. but as 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,

says the interest rates might need to remain high until 2027. it's called on governments to reduce spending a day increase taxes, the cool prices, 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 car loans. 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, it's writing a fine line between raising interest rates. i'm not hosing their economies if they raise them too much, dr. push countries into a deep recession. if they raising too little, i'm not fast enough. inflation could become more entrenched. the us,

like many other central banks, is targeting inflation up to 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 heroes 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 it wants to that with joint now from london by village protell and experts and international ministry economics, the largest, the global metro strategist at the bottom, the research good to have you with this

a bit i just saw that, why does inflation remain so stopping the high, 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 pandemic. but then, coupled with the reopening effects that we're seeing 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, and on unique events that have happened during the last 2 to 3 years. that it co, relaxing and really permanence 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 early signs of that still, quite still a long way to go before we can cool victory on pollution. so like so it's easy sites and unusual situation. all the people standing around scratching their 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 one to treat policy tool kit to deal with inflation as well. like i think that when you look across the world, all the rates that still pops up, this of the markets, the economies of the manufacturing construction that is always starting to smoke because rate hikes. it today what they meant to be doing, taking sort of the rates since the parts of the economy is 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 an, in your impact on this, it's, it's present if any binary, right? it's either or nothing, we're in 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 placing element, 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 uh, 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 a higher end users, 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 bankers at the annual gathering hosted by the c b in portugal. and they reckoned that 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 up in now, so they're trying to get down, which is really the,

the last mile. let's say that the bill has cooled it, which is services inflation. i really don't think that that's the type of inflation that further hikes it couldn't really do unless you damage the economy. in this, you create a hard landing scenario, a recession, we environment that we've seen, you know, like of the likes of quite a bit of gfc, etc. the not frankly or will not work. the central banks one. that's the only type of way that we're going to get out. that's really sticky impression. 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 won without taking some set to some, uh, industries that are very sensitive to rate. so i, i do think we're in the realm where every like now is on the, on the budget for a policy policy mistake. and one way, 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 done, but they root of, of see, you know, not paying good enough attention to some of the warning shots that are 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, 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 not what 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, a lot 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 brand to some extent later this year. or the ton of the i'm where you have the lots of situation. i think the best is maybe sort of mis guided by some of the underlying strength and inflation. and so the reading that as 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 sort of underlying weaknesses, understanding, you know, it's only making this one of the risks of a, a very so the hot incoming 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 its own 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 come 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 and the supply issues that we're seeing and food and an energy as well, is going to have the wrong vacations for a long time. so that's the chapter tricky thing with central bank is or any sort of global country right now, dealing with inflation when you have a huge external shops that you cannot control, it's really hard to get it right. there are just been really good stokes. you don't count if it costs 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. india is economy is growing fast and its political pilot is rising to india's prime minister has recently received a lab as well come at the white house. the us president considered as new delhi unimportant pop. now encountering paging is global economic power and wants to pull it close up. the 2 leaders have recently taken that ties to a new high job, i think. and lorenzo moody 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 indian ship yards. the 2 nations have also agreed to end 6 dispute set 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 suffering supply chain disruptions in china. india has bought 220 across from boeing, the american play, and make us the biggest salable time of europe and play make ad buses recently one, the biggest play 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 the economic growth in india is expected to out shine 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 on. this 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 and program manager of economic kindly takes at 1st 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 happy to get a beat to a few of deals in the space of defense. particularly men, groans,

semi conductors and the like. for example, we can be looking at general electric's planned investment into the indian economy to potentially john to manufacture jet 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 click coalition to secure all of the supply chains when it comes to critical vendors. so net network, we a lot of collaboration, particularly in the hands of what you would call a higher 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 of 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 it's very important to me can know to 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 the, it's judy people for the caught 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 a context when restaurant 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 so, and gather stable economy as knowledge or ged besides that, it has to offer. and of course, a lot of demographic advantages or that india has to offer to business is looking to collaborate within their paying

a little cynical. here's what this really is about, is diversifying supply chains away from china for the us. in the sense, yes, it is important because of 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 doing the step back following the 2019 us trying to treat the laws and defend emerick amber 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 know 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 pose to beijing? all right, 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. there's quite a strong government, so manufacturing policy trust in recent years, particularly evidenced by a 9 mock up production linked incentive scheme. side to the india isn't a prime 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 a, 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 as a 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 with also seeing a lot of mega infrastructure projects to call these costs. and i see that, um, at the end of the day of 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 manage to attract a fair share of investments following the us china trade wall outbreak division as

a whole of costs offers competitive costs and as the put it towards higher value at higher tech manufacturing in this region as well. so in good estimates, he has to differentiate itself, 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 a zombie, i became the 1st african nation to default on its depths during the curve of $19.00 pandemic and 2020 loans with more than $18000000000.00 have restricted the countries the ability to invest in social programs at the infrastructure project, spot despite that, china was accused of dragging its feet in tools to provide the nation with debt relief. aging denies the obligations that it's now agree with other creditors to rearrange the payments under the deal. so it'd be as public sector credits as have agreed to reschedule more than $6000000.00 of payments. private sector creditors are expected to do that to on nearly the same amount of money owed to them. the

agreement will also allow sign via to receive money from the international monetary fund, french president, depending on the columns government helped to make the break through the global finance and climate summit in paris. john b as president held the deal as a significant milestone box. i kinda, it's elaina said that the hub work isn't over yet. in a statement on twitter, the president added that the debt restructuring agreement will be a game changer leading us toward sustainable development prosperity and economic sovereignty. but some politicians, a worry, the performance will client by lenders will hurt zambian. so a struggling with rising prices. and who's going to put t means that you take, you know, a subsidies and this time does that come on, you know, maybe of the cost of joining us now is headache and we'll go from the inside of the

a. 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 a significant visual release because the you to the fiscal position is that you got it. so it gives you the space this physical space. i've got an instructor, pictures lessons and active to know that. so but that isn't going to change is all this to cheese was just, it is in this, i'm just close to space and then it has to be indifferent to close to this g pushing this axis. so you do,

i see bethany office twice, the economy, the process of trying to do stuff, and i say, she's not let me start the next issue. i don't, the machine's, the niceties of interest, step by the exchange. it is the basis for okay, so we can 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 possession on debt restructuring, and it's wanting us to write off debts each each just trying to get you started? well suppose, but you see, is it just the decision making process itself? but i think that the design, this government has to be engaged is,

is the only just to ensure to minimize the task due to the process. so uh, let me just set this def christmas present. so i think that was really uh uh, the key to discuss this matter. the issue we send this time is between different ballast items. so the result, i think we see that done by showing that these are the usual steps between the us and i think the, the, the price of the office, which is going to be some physically trying to use the fictional. now we sent it to the properties of the printer is, is a coughing the depth 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 mean it's, if it should surely just be cancelled shifting it. well, you know, we have the that is what is the way to digit and well, we ought to just has to be so much ice otherwise. and what is that? i see that's no stop for which one of the great. so is the pause the stage with my see what the situation of providing prospect should be. what? so what i'm going to come back to this position. so see, this is what it would be. i call it says that the dentist was such a car. so what does it have to do with just the 1st shot that i couldn't just to find that this data is designed to expose the minimizing the funding got to balances. so

there isn't printing smoker, come across, which is, you know, exchanges as an interest as so to invest that because people been getting all the shoes. so this was visiting change to my change of across the governor's cos. oh that's my so, so look at this is looking for this and make sure that we offer the support, you know, the biggest problem is that i think about the funding so much. so the is the managed to what we needed to do as a what i did is that we should be good for us. and this one pictures of the put it into production opportunities. but we also want to push the people what classic harric. it's been really good story to your accounts and be cost

effective date for being with us. that's all show for this week. if you'd like to comments on anything that you've seen, you can treat me. i'm at a citizen on twitter twice and use the hash tag h a c t c. when you do that, you could also drop us a line cash and the cost. it's obviously a dot net is our email address. as always, there's more few online have out a 0 dot com slash ctc. that takes you straight to a page that you'll find individual reports, links and even into episodes. these are captions. but that is it for this edition of counting the cost on adrian instead of going from the scene here. and so how, thanks for being with us settings on al jazeera is next the the

showings degree is coming over our heads from russian positions and a new cranium. positions have been sending about how they were directly targeted as they were trying to sleep. we've seen some of the residents come out of the building with that possessions in suitcases. a 60 day feel safe and what happens on that day is a will quite those coming regions to lines and no, no man's land level of destruction. here. proof just how fast the fighting has been in recent weeks, this russian or multiple in a street has been a place of pilgrimage for centuries. when a war crime is committed, is a kind of an older 0 follows that goes in the human rights investigator. on his

unprecedented journey to the french high court, i visit every place to make sure that i should go up to banquets club, taking on the arms, trained and disappointed for justice, for innocent palestinians, and their families made in front. oh no jersey. the . the israeli army launches an agent and ground defensive in janine at least 9 palestinians on killed by mountain. so sure, engine, even where the release have launched their biggest encouraging in more than 20 years. the color that i'm installed here today, this is out of their life and we'll say.