is the moon rising over cape sonya on in greece super moons, a car when the full moon coincides with the point in its orbit, where it's closest to the earth? on monday the moon was about 21000 kilometers closer to earth. and during a typical pizelle era, and these are the top stories, israel's largest assault and decades in the occupied west bank has entered a 2nd day within a 1000 soldiers backfires strikes or carrying out rage and let you name refuge account. at least 10 palestinians have been killed and hundreds wounded. tear gas has been fired at palestinian civilians are fleeing the violence. israeli forces say they've arrested $120.00 people and that they plan to rate 10 remaining sites in jeanine. civilian infrastructure has been damaged electricity and water has been cut off for many. ellen fisher has the latest from jeanine.

well if you look behind me, it looks like a very tranquil day, but i can tell you it is not. and it hasn't been a tranquil night either. through the evening we had the sound of gunfire and explosions. and even just in the last few minutes, we've had some brands of gunfire at being led to off. no way we've had just in the last few minutes as well. the, the number of dead in the operations here in jeanine has increased to 10. 1 more person dying it just in the last hour or so. there are hundreds of people who i've been winded and this is really a sold over the last what the 1756 hours. now how about us? which controls garza says, all options are open. if israel continues the assault, thousands of palestinians marched in the gaza strip on monday night to protest against the offensive. the synagogue as president mackie saw has announced that he will not seek

a 3rd term and next year's elections. opposition leader. it was months sancho had called for street protests. if sol ran for office again, at least 16 people were killed during anti government protests last month. china is rejecting a japanese plan to release radioactive water from the focus she, my nuclear plant into the ocean. that had a view as nuclear watchdog is in japan, on a 4 day visit is expected to deliver the results of a 2 year safety review. japan wants to dilute the water and release it over the next few decades. hong kong, as a leader says 8 wanted active as a broad will be pursued for life. john lee dismissed international criticism for the arrest warrants issued on monday. police are offering rewards of a $120000.00 for information leading to the arrest. the former politicians lawyers and commentators are accused of serious national security essentials as the headlines and it was continues here on alger 0 after counting the cost. thanks for watching. bye for now.

ideals, the french republic, this long proclaimed. but just what is more than friends? in a full pot series, the big picture takes an in depth, not from the same size. the concluding episode, on apologies era, the hello, i'm adrian. second, and this is, comes in, the cost on i was, is 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, isn't about to get even tougher and 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 by zambia, the nation's dep deal with china could pay if the wave of other countries 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 hiking rates will 1st, let's see how they work. increasing interest rates makes borrowing from banks for carlo. and 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 slows 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 to little, i'm not fast enough, inflation could become more entrenched. the us, like many other central banks,

is targeting inflation. a 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 it was so that with joint now from london, 5 years patel and experts and international ministry economics, the largest, the global mattress strategist, a found 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 pub demik. but then, coupled with the reopening effects that we're seeing, we're 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 pretty permanently high impressions. 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 like 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 one, the cheap policy tool. but kits 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 slow it because rate hikes. it today what they're going to be doing, taking sort of the rates 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 or nothing where the recession and substance goes down. no, but not in 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 them on that to 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 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 up in now,

so they're trying to get down, which is really the, the last mile. let's say that the b a has cooled it, which is services inflation. i really don't think that that's the type of inflation not for the hikes, are going to 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 where unfortunately, central banks have only one monday, which spring inflation done. so it's not really that fault, but they have to almost, uh, 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 a lot more except dra full. 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 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 me a good example of that. and i think that when you look at some of this, an underlying weaknesses that are stemming, 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. they should be environment 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 kick, 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 and 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 listing 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 bankers 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 are just been really good stokes. you don't count at the cost side. 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 in the us 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 u. s. 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 the 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 at 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 plan make us the biggest salable time of europe and play make an ad buses recently one, 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 ac d. so as the economic growth in india is expected 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. while 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've 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 drawing 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 we is that the again, the us have recently a beat to us new abuse in the space of defense,

particularly men groans 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 manufacturing object engines in conjunction with him to start aaron optics. we're expecting to see potential inward investments into india for a new semi conductive facility. and that has also and turned in to a us 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 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 dropped 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 to get to stay with economy, there's not much to do besides that, it has to offer. and of course, a lot of demographic advantages or that india has to offer to businesses 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 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 exactly 2 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 remains in the group equation, all the good strategy, just because it's such a manufacturing our house,

you have to and well entrenched when develop to 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 of 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. there'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 an 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 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 put it towards a 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 stuff 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 debt relief. aging denies the obligations that it's now agreed with other creditors to rearrange the payments on the video. so it'd be as public sector credits as have agreed to reschedule wimbledon $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 of pitch, elena 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 hurt somebody else who are struggling with rising prices. and who's going to put key means that we stick, you know, a subsidies and this type of design you know, 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 challenges, uh 50 this, but this brings little gives a significant visual release because in terms of the physical position of this section. so it created this space, this physical space. i've got an instructor pictures lessons into that so but that isn't that the times is all this to the form that cheese was just decreased in the space and russel and it has to be indifferent to oppose to this g push on this axis. so you do i see

office twice on this uh, economy. the process of trying to do do start and i say should not let me start the next issue. the machines took nice series of interest step by exchange it, this is the basis for okay, cool. so let's do that, then we can do. what can you change? is it that you don't know what to say, what, what is the substance? and this is us in terms of what his tax, what eric does best deal say about china has possession on that restructuring. and it's wanting us to write off that each of each just trying to engage the support. uh, but usually to see if it come to us of decision making process. but i think get the

impression that this and this government has to be engaged. this is the only just to ensure to minimize the task dispute up to the top of the process. so uh, we just set this disc price is pretty simple. so i think that was really uh, uh of the g to discuss this is not the issue we send to spend is between different ballast items. so the result, i think we see that doki by showing that these are the usual steps between the us and i think the. ready the price of the office, which is going to do some good news, is that we sent 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 stomach 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 assessing it is what is the way and digit and well, we also have 2 choices. me. so there's no choice otherwise. and what is that? i see that no stop for the great. so is the pause the stage with my see, what does it choose? 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 is to be all the business positions such. and so what is and what to do back on it, which is perfectly fine. just shot it, i couldn't just, i don't know if i print that, that is assigned to genetics. let's do minimizing it. well,

yeah, they finally got to balances. so there isn't printing smoker, come across, which is no exchanges as an interest. so to invest that because the bill is the she was sure it was the 2nd you might have decisions. ginger will process the government's cost. um and so looking at this is interest and make sure that we are fully support. you know, the biggest problem is that as well the funding so much. so the is the managed to what we needed to do is a, what is it that we should be good for us? and is this, let me just put this into production opportunities, but we also want to just push the people the eric,

it's been really good to talk to you a copy of the cost effective date for being with us. that's all show for this week. if you drive the comments on, anything that you've seen, you can treat me. i'm at a, sitting in on twitter trying to use the hash tag h i, c t c. when you do that, you could also drop us a line counting the cost. it's aus 0 dot net is our email address. as always, there's more few online out a 0 dot com slash ctc that takes you straight to a page that you'll find individual reports, links and even in tot episodes these are captured. but that is it for this edition of counting the cost on adrian. instead of going from the team here at the how, thanks for being with us settings on al jazeera is next the,

a supervisor of a genocide, people who are likely to kill the trend or suffering. but it didn't come to hard to do. who's dedicated his life to searching the woods for phones that the victims of the sharper in east can masika. even here is the drop in the hope for finally laying the pos to rest, giving peace to the victims, families, cousin, nature. if i could just find a single bone, i could bury him, phone hunter on out his era. showings degree here is coming over our heads from russian positions and a new cranium. positions have been standing 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 the suitcases. place and stay,

feel safe. and what happens on that day is a will quite legion across the lines and know that the level of destruction here, proof of just how fits the fighting has been in recent weeks. this russian or multiple in a street has been a place of pilgrimage for centuries. the, i'm how many rooms room and do a high and these are the top stories on al jazeera. israel's largest assault and decades in the occupied west bank has entered a 2nd day more than a 1000 soldiers backed by air strikes or carrying outrage and the janine refugee camp. at least 10 palestinians have been killed and hundreds wanted or tear gas has been fired, palestinian civilians were fleeing the violets. civilian infrastructure has been damaged with electricity and water. cut off for many israeli forces say they've

arrested $120.00 people and that they plan to rate 10 remaining sites in geneva.