in the health of putting new people always use it as a fi um physical health. okay. have monday we have that but just have a patient i think is normal, but then when it comes to the i bring thank you. this offensive fine, and uh, with a spinning see we certainly that's just one more illness. that is kind of cool from my body. my flush running, in this case the bring the salsa is fun and enjoyable moves all helping to break down barriers squared awareness and change perceptions about mental illness. mike levels will do 0 you ups are. yeah. and 5 rocket bloss adult for a final time making its very well flights of the 27 years of launches. for the notes from the french guy that is taking to mid sri communication satellites into space. european space agency will not be without a heavy lift book. it for about the

this is all just here on these other top stories now thousands of attendance funerals for those children as well as you to day as sold on janine 12 palestinians . and one is where the soldier killed. hundreds of people injured un human divide sex, but say the attack on that janine refugee camp may constitute a war crime that goes to israel to be held accountable on the international dual for its illegal occupation and the buttons against civilians. on inspection for the un secretary general says a tax also have an infrastructure validate international uh certainly uh we believe that uh, any attacks on civilian infrastructure could, could be violations of international humanitarian law. and as you know, the secretary general on monday through a statement saying that any military or operations must show full respect for international humanitarian law. that does not seem to have been the case. so it's

a holistic situation. it's about the vatike situation by the is the, the occupying forces in which they used the aircraft. they use the larger number of the forces and infant threes and mechanized units to attack this small refugee. com. and they wanted to destroy the come completely and they failed to do so. but they created a lot of the self funding for all or people vice group sites. initially it has moved hundreds of microbes and refugees to a time when they live in florida report. so somebody is inspect detaining people for the killing of it's amazing policeman on monday. but there's all the headlines and these continues here and i'll just say are also counting the cost statement. we understand the differences and similarities of cultures across the world. so no

matter what, i'll do to bring you the news. i'm calling to fast the matter to you. how does era the hello i'm, adrian said again, and this is causing 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 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, the nation's dep deal with china could pay if the wave other countries struggling to pay the liabilities energy is cheaper and food 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, the 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. the bank for international settlement says the interest rates might need to remain high until 2027. it's called on governments to reduce spending a increase taxes, the cool prices, and it's one that strong headwinds 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 pricing rates will 1st, let's see how they work. increasing interest rates makes borrowing from by thanks for carlo. and for example, more expensive. people still have 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. the fat flows down the economy. central banks are trading 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 or not fast enough, inflation could become more entrenched. the u. s. 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 near 0 to 5 percent, versus inflation was stubbornly high in may. at 8.7 percent. the european central bank has recently raised rates, but only by cool to a 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 what joined now from london by villages, patel 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 installation 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 or 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 are coalescing 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 or well that we've seen into a more normal situation that we've seen. i think we're starting see the early signs of that still quite still a long way to go before we can cool victory on pollution. so like such as the things the sites and unusual situation, a lot of 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 $1.00 to $2.00 policy tool kit to deal with inflation as well. like i think that when you look across the world, older rates said step parts of this, of the markets, the economies of the manufacturing construction. that is all starting to smoke because break likes it today. what they meant to be doing, taking sort of the rates that's deposited economies down and those inflation could going is 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 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 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, not for the hikes that couldn't really do unless you damage the economy and the should 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, that, that 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 inflation. so i, i struggle to see an environment where the rate hikes at this stage are going to do the type of this inflation that they've won without taking some set to some, uh, industries that are very sensitive to rate. so i, i do think we're in the ground 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. and so it's not really that fault, but they have to almost, uh, you're blind, the sort of take that the policy objective on, on this 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 an, an economy with it's not what we're sending, and we, uh, you know, the rate hikes that we've seen in the pasta 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, allow 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. like for this year or the ton of the i, i'm wary of 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 stacked extra garcia, 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 that a stemming, you know, it's only making this one of the risks of a, a 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 a very sticky inflationary environment. as briefly, i want economies of different of course each, each one is unique, but is anyone getting it right at the moment or 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've gone 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 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, 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 counting 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 one point. 4000000000 india is economy is growing fast and its political pilot is rising to india as prime minister has recently received a lavish welcome. at the white house, the us president considered as new delhi, unimportant pop now encountering paging, 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 body's 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 of also agreed to n 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 sufferings supply chain disruptions in china. india has bought 220 aircraft from boeing, the american plan they, cuz the biggest, say level time as european play make a boss has recently won the biggest plane deal with india, an airline indigo. so kind of india compete with china. well, let's take a look at the numbers. china as well. that's 17 trillion the economy is nearly 5 times larger than that of india bought the o e c d. so if 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. beijing's 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. well, from china, india with joined that by me, how and thomas, a senior economist and program manager of economic kindly takes at the trust 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 or send me 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 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 have collaboration, particularly in the ad has 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 of 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 saying, starting 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, knocked down. so i tell you that in, yeah, the 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 within their being 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 trade was 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 posed to be g. 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 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 an a prime oh, time of space to sort of capture some of those investments as companies look to diversify be 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 stickly challenges. logistically, costs associated with doing business and, and now, so i'll just fix 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, but also seeing a lot of mega infrastructure projects to call these costs. and i tell you that at the end of the day, as you have this trying to plus, once it's in the, obviously it's competing with a lot of other destinations, southeast asia, primarily so se, asia, for example, of 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 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 a design b, i became the 1st african nation to default on its depths during the curve at 19 pandemic of 2020. the loans with more than $18000000000.00 have restricted the countries the ability to invest in social programs and 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 of 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 more than $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 devante on the columns, government helped to make the break through the global finance and climate summit in paris. so it'd be as president, have the deal as a significant milestone. but i kinda pitch,

elena said that the hub work isn't over yet. the 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 somebody. and 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, of the cost of joining us now is headache and brooklyn from dolah 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 charges up 15 minutes. but this breakthrough gives a significant visual release because in terms of the fiscal position, the 2nd got it. so in this space, this physical space, i was struck a picture sources into that so but the challenge is, oh, there's still a donor form that cheese which just it is in the space. and then it has to be indifferent to, to push it to the surface. so you do i see bethany office price on this? i mean the process of trying to do do start and i say she's not let me start this issue. i don't. okay. so this machine stuff nice,

it is of interest step by the exchange. it is the basis for okay, so let's do that. then we can do the changes that you don't need to know. so what, what is that? and this is yes in terms of what eric does best deal say about china's position on that restructuring. and it's wanting us to writes off that on this as the each just trying to engage the support. uh, but you can see if it come to us decision making process its officers. but i did get the impression that this and this government has to be engaged. this is the only just to ensure to minimize the damage due to the supplemental policy. so uh, let me just check this,

this price is pretty simple. so the, uh, the key to discuss this is the issue. we send this dentist between different items. so i can do as much as of the result. i think we see the doctor, but i'm showing that the. ready mutual respect between the gas and i think the, the, the price of the office, which is going to be some good news is the fictional. 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. shouldn't i mean it's, it should surely just be cancelled shipping that well, you know, we have the disclosure is the way i did it. and, well, it just has to be so much ice otherwise. and what is that?

it's, it has no stop for which one of the great. so is the pause the stage with my 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 at the dentist. this is such a and so what is what it is back on? it was just for me to just shot it. i can use this to my friend that that is designed to generate, to explore the minimizing the people that they finally got to balances. but also the citizen cost, which is low exchanges as an interest to do that because it is the she was sure it

was the 2nd change to my change of across the governor's cost. um and so, so look at this, i use the teachers and make sure that we offer the support, you know, the biggest problem is that i think the funding so much. so the is the managed to what's needed to do as a what i did isn't that we should be good for us. is this when pictures is 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, but effectively for being with us. so that's a show for this week. if you'd like to comments on anything that you've seen, you can treat me. i'm at a stint, again, on twitter twice and use the hash tag

h i c t c. when you do that, you could also drop us a line counting the cost. it was just 0, don't net is our email address. as always, there's more few online elders 0 dot com slash ctc. that takes you straight to a page that you'll find individual reports, links and even into episodes for you to capture. but that is it for this edition of counts of the cost on a tree instead of going from the teen here at the how, thanks for being with us settings on al jazeera is next the

july on a jersey, the thing goes to the post office, the local election, sort of shift to the right click the country with this, another you with the info, right? government, 11 east meets the indian women breaking down gender barriers as they fight to become champ, features the coast african need is from across the continent as well. so seeks to strengthen relations with the region. people in power focuses on somalia as a fight for survival. as years of drafton hom conflict have combined to create humanitarian disaster. as the security becomes increasing, global concern,

the united nations launch is a report examining food crises and sound good around the world. to live on a jersey to the defiance in janine palestinians come out on mass to on those killed in israel assault. the the i'm carry johnston, this is out to say right broadcasting life and also coming up just 2 days. but the trade of destruction is clear. residents of janine pick up the pieces of the shots with knives.