the data sets that are inherently biased, everything human is made in the end up being biased. so i personally believe that she has somewhat of a point, but the key thing is that a humans work directly with a robot. so we can benefit off of, you know, somewhat non biased data, get objective bags, but have subjective views from the human to help make a better decision. the look at the main story is quickly now and the talk is present worship times. the one says that ukraine deserves nato membership, made the statement off the tool for the equations present. odom is allotted, skin is down. bull delano says that he hopes to extend the black sea grain deal, and the anchor will support rebuilding efforts and ukraine. men from the grain days

of great significance, say they stay, we ensure that you kindly and crying continues to reach countries around the world . this deal is coming to an end by the 17th of this month, and i hope we will be able to have it renewed. i also believe that ukraine, he says, to join knights as a member of us have been told that dean waddell would have got they took care is playing a pivotal role together with mister o one or discuss the current situation you claim and obviously back to the we will continue to defend a lawful vice with respect to the black, see the situation in the black sea stable. now, i will continue to do everything we can to keep you out to the wall and then send the shipping groups through a heavy and meanwhile, the us has confirmed that it will send widely, bind costa munitions to ukraine. on 5 days you inspector general's office, said it was against the continued use of these weapons. germany's government also opposes it. of hundreds of african migrants including children, have been stranded in the desert of detainees in officials expelled them from the country along with libya in florida. the migraine,

saved the officer as an agent officials pushed them out, the libyan board of gods, and now refusing to let them in people in cities across, focused on our denouncing the bonding of a koran last week and sweden from this issue, boss, reef, and all that but it's gonna be just cool for the pro, test, some demonstrations of demanding the government costs of diplomatic ties with sweet in the holding book was but outside of most install con, by a man described by swedish media as a new rock. you christian, sweden's government has condemned the act was the headlines the south as always out of their adult. com for more on all of our top stories and everything else we've been covering and the brothers and counting the cost as the program coming up next. we'll see tomorrow. it's the

width of the hello. i'm sammy's, i them. this is counting the costs that i'll just, sarah. you look at the world of business and economics this week. the cost of rights and fonts adding up the nation has massive debt and aims to restore public finances. so candidates find its way out of the crisis. also this week, as the wheels of electric cars been the race, ethnicity, and heat song plus spot swan, the sparkling diamond deal, the ask a nation getting a bigger share of its gems. also tends to negotiate. sions with mining company to

be is the thousands of cars, torched countless shops, looted and bangs attack during several nights of riots and fronds. the unrest over the shooting of a 17 year old by the place is estimate to do of cost. hundreds of millions of dollars on the fall announces yes, now the challenge for the presidency manual micron. he's already faced months of protests against pension reforms, but the nation is drowning in debt and aims the count spending from them on a 100 reports parisians. business owners are taking stock of the damage. this suburb is see night surprising and losing up the police, shooting of a 17 year old. some locals to sympathize say this is the right way to bring about change. consort, will lot of it or this damage won't bring a solution, so we have to find democratic responses. we have to respect the law conscious grid

scale. so who ends up suffering? it's the for us. it's us walking people, so it wasn't just businesses that were attacked. stadiums were damaged, cars set on fire. the cost is expected to run into the hundreds of millions. the government has announced measures to help struggling retailers, and we'll do multi d. we found some companies to reduce insurance deductibles as much as possible. we also offer the french banking federation to show the utmost understanding in terms of handling due payments for retailers and entrepreneurs who may have been affected by these packets of vandalism. enough to hold it to the french present, a manual in the crowd has met with local officials, but many feel not enough is being done on that on the right path. so it's not the local elected officials who are responsible for this tension and damage. and we are waiting for action on city policy. there has been no direction from the government for too long on the problem. the latest on rest comes as prompt space is

a range of economic challenges. the crowns attempts to get public finance and order has been met with strikes and protest, particularly as push to raise the age of retirement. government spending was high during the pandemic, and public debt has passed more than 3 trillion dollars. credit agencies are wearing some already downgraded france in april, and their warning, their own rest and instability could have for attempts to rein in the deficit and get the economy growing sense and bought of him for counting the cost as well. joining me now from paris is felipe. wish the city is chief economist at austin, asset management. good to have you with us. hopefully. take us through the economic full now. so the right so far? look too much should oh, we're instead of the furniture institution a frontier needs to do some good laptop for a reason for the child or what's happened, where you are, all right, with xerox tribes. and what we see is

a very short term effect. but after that we ever capture and the situation is boosted on what we can expect when we are here is this dry of salt in this price. so there is no uh, motor, real issue as yeah, uh with the situation. all right, so the impact not that big, but whether i told you about strikes or riots, i mean, all of this really exposing some of the social underlying social tensions can front of full to address. particularly some of the issues which prompted the riots like housing, education and so on. those kinds of any qualities. book the test things to, to, to keep in mind the range or by the, or your discounts, the price for 5 is that the economy side of that works well. well, not rest assured we will probably won't be in repetition,

gesture. but at the same time, we're outside of the rating agencies, i'm sorry, let me jump in the credit rating agencies, they all sounding the alarm over the level of debt, right? even if, as you said, the company is not in recession, that's the point where we have so far. issues are the riots we have uh this week and the read before was to change the wages of the social or the social issue, the governments i've tried for yours uh to zip a g barcode for this. uh so its holdings balances. they found a lot, they reduce uh, tattooed out of the top as a matter of fact we, we had a lot of that and that's, that's a real question we, uh, we wed mentioned to you that you know, in the uh, by 3 inch or by the pool uh, all of these uh drugs she's got to go to a,

a ray to do, to differentiate or to get. we saw the final was the center of the, of their worries. and this is clearly a, uh, an issue. uh we, we don't know exactly how to manage that. uh we, we of a lot of that. we have very high visits it, but it's uh, a consequence of the ser. uh, so sort of managed by the end to relate to the, to have a lot of funds to deep part of this imbalances. but i'd say funding for impact, but we're trying to get to the back of the on that so that, so hang on. so from this really cold between these 2 forces, right, i mean the finance ministers, promising to put finances back on track. but to do that, does that mean for the cops and social spending and, and more into quality problems such as the what important part, what we saw in the past is that the finance minister is always looking

for a battery has been said. but the idea is very, very good because of the french besides the love by the, by itself. and so we need to describe the dog and the drug, the, the, you know, we, we have the rug, the age in preference on this, the, on this issue. we are trying to chrome to kind of in, by the same time, a lot of social issues of the government might cause the presence of mark pope. i've tried to buy hundreds of to as a, to really much. we had a, a reform of the return boat was which. busy listen, so really because the more people we go out retirement, and so we need to do to follow the retirement keep. so it was tempted to, to, to change as a, as it's trisha. but the same time uh we,

uh we, we, we need to, you know, more than the other, you know, the father particularly invitation to the, on this board. and that's why it's very, very complicated. you know, so what's the bottom line then? philly, is that as you put a balancing act by the government? is it failing? what does that leave economic growth? no, it's too robust. it's not a whole drug produced to robust. and we have are applied to the been funded plays by your $50.00 co, which is cold calls. 2013. uh we tried to, uh, uh, most uh, growth in france in the uh, relations reputation. i didn't start working and that's very, very important. i just sent done the level of employment i've, i've been,

i've hired to to know with the past. so we have very positive a situation, but we have only sort of balancing. and that's why the situation from outside is competitive to drive the strongest, the all to understand the process. but it's much more as a drug this time it from the outside. but we have some about as cool moment tom on the vision on jobs, job spread insurance drive. so g, uh, uh, let's see. traditions is not bad. i but i have the right of the agent for 4 people. i would type problems. the been great talking to you for life. thanks so much. thank you very much. the. it's the, the white gold lithium is critical to the production of electric vehicles in small

phones. but the, the sales are growing around the world demand for the metro could out strip production by the end of the decade, with governments racing to meet the renewable energy goals. mining firms and comic is an al, scrambling to lock in most supplies. chinese companies and russian firms will now invest more than $1000000000.00 and the extraction of the match with in bolivia that follows a similar major deal by chinese battery may cause c a t. as in january, china dominates the lithium supply chain. the us and europe trying to catch shop. meanwhile, comic is like general motors. and for this taking the right step of buying stakes and mining firms, bypassing traditional suppliers. according to the us geological survey, there are 98000000 metric tons of lithium globally. nearly 60 percent is in 3 latin american nations. believe it should a, an auction tina known as the cm triangle. global lithium production is led by

australia g, late china and origin, tina. they comprise more than 95 percent combined. but badging controls nearly 60 percent of the world's lithium processing fluids network of refineries. the us is only one working mind despite being rich and the metal. washington has recently introduced a new bill, which includes tax credits on a visa that sol set back for a rule materials domestically. europe plans to ease regulate tree battery is to open its minds. but the movies oppose by campaign is concerned about environmental and social home. in knowles and argentina, there are vast amounts of lithium indigenous communities. fee of mining companies off eroding the land rights. many people in the province of hawaii has taken the fight to the streets. mike lapel reports the members of this indigenous

community in northern argentina have been blocking roads for days. they worry about what they see as a threat to the livelihoods. constitutional reforms that could open up the land to exploitation by lifting him company. then i'm going to what, by doing for our rights to be respected as dual regional communities that have lived here for many years. we want the governor to revolt the new constitution and to resign. for decades, indigenous communities have survived those capital tourism insult. they say all of these could be undermined by large scale mining to look over the think above all this conflict is happening here. it's unusual for us. we're not used to this, and we're so afraid they want to change laws. and as usual, we won't have any right. so good. the constitutional reform has sparked violence. recently, the government tried to move, protest is by force, dozens of people were injured. the governor says he's put 2 of the on schools that are off consent to the indigenous communities on the on whole go in the i cannot

say that we have gone to the community and if they think we will run them over, we want, we have gone back to the 2 articles that concern them and we will revise that bullet because a lot less in those communities remain on that bill set. and that development in the region will come at their expense because they might level for counting the cost from washington dc. now i'm joined by chris barry. chris is the founder and president of research and advisory firm house mountain partners. good to have you with us. so chris, the whole idea of renewable energy, right? it's one of the main things. it's supposed to be about protecting the environment, but is it creating a new set of challenges for the environment because of the need it's need for lift him? well, i think it certainly isn't. and thank you for having me. i called at the paradox of green growth in the sense that we all want to be carbonized. and we want to take c

o 2 out of the atmosphere. but you know, we're not going to do this with fewer or less natural resources. we're going to have to use many, many more of lithium in particular. um and so, you know, that's the real challenge we could think of using perhaps certain technologies to bring more resources above ground or battery recycling for example. but the bottom line is neither of those 2 options are gonna fill any potential gap are going to need a lot more, lift them in the next 10 years. all right, let's bring in a little bit of a political angle to this discussion. now seeing some latin american countries kind of taking a lot more control over lithium companies, bring that more on the state control. how does that impact the concerns about the environment? how does it impact the concerns about social justice and making show benefits, reach the people? well, i think this is, you know, if we take chile as a case study, you know, they,

they have laid out a national lithium strategy. their plan, which land government's plan is to take a much more active role in the lithium supply chain. of course, chilly is one of the largest lithium producers in the world, and it's likely to stay that way for many, many years. and i think president bork, in particular, has realized listen, you know, we have companies like s q, m and album model that are mining lithium from solars and the outcome of desert. and most of that value wants to lithium is mine. that value is realized elsewhere, whether not it's battery production in asia or other parts of the world. and so these national lithium strategies, or maybe quads are resorts, nationalism would be another way to think about it is in, in this case of chile, the government's answer to try and share the wealth a little bit more. but again, this is going to cause i think tension with respect to foreign direct investment coming into chile. i mean, for example, if you were thinking about exploring and perhaps developing a lithium asset in chile and you knew that a portion of your asset,

a portion of your value was going to go to the state in terms of ownership. you may think twice about investing and shelly, maybe you'll think about argentina or even parts of africa, i think are really going to have to step up for lithium production in the future here. so, you know, the good thing about lithium is that it's not rare. you could find it in turn in hard rock sources, for example, in western australia, oregon, the lithium triangle, which is bolivia, chilly in argentina. again to main portions of, of lithium production globally. so it's not rare. the good news, the bad news, or maybe the most challenging news, is we have to build out the remainder of the supply chain in order to really be carbonized. and that is what the remainder of the supply chain, the refining the battery production is. what china dominates currently, i'm glad you mentioned china. so there is this competition isn't that between china and the us. the chinese and russian interests have made lithium investments in

bolivia. that is going to strengthen the relative advantage, particularly that china has when it comes to the lithium market. well, i think it will be a number of years perhaps a decade before you see any true. the coupling certainly with respect to with them . i mean, as an example, if you think about the full lithium supply chain, china mines, about 13 percent of lithium, global a, but they refine, in other words, take that rall, lithium and converted into what we call the battery grade lithium. they refine about 60 percent of the global total, and by the way, today, lithium is about 890-0000, maybe $1000000.00 ton per year market. and then as you go further down the supply chain, whether not it's battery, manufacturing, or recycling, they own well over 70 to 80 percent of those markets. and so again, you could sort of say, well, this is what the nationalization strategy is designed to do. capture more value in specific countries and of course the inflation reduction act here in the united states is

a full on kind of frontal assault to try and ring if you will. some of that dominance away from china. but again, it's gonna take probably 10 years that rate because we can do you a kind of us can shop or is it simply to fall behind? now when it comes to the, it's position in the lift, the market will china, china has been building this supply chain. and again, we're just talking about lithium. you could look at nickel, you could look at where it's elements, you could look at a number of, of, of raw materials, critical raw materials. and they've been doing this for 10 or 15 years. i mean, you can go back in and look at old 5 year plans and they talk about having electric vehicles as an example and grid development, a strategic imperatives. and one of the things that the chinese did was basically went outward, bound with their checkbook and locked up the natural resources locked up with him and ask for co locked up with human arch argentine or australia as an example. and so for the rest of the world to catch up whether or not it's in north america or

the or pain union, or wherever, we're going to have to effectively mimic that strategy. we're going to have to sort of thing i would argue, take a public private partnerships. so governments in the private sector locking down natural resources and trying to expedite the development in order to be able to catch up and come back to the point of how solve the, the countries which host these minerals like lithium, trying to bring most a control over the process, the production chain and the processing chain. and you mentioned that, well this might drive away some of the investors who might go to another country instead. can they can the idea of a call tell something along the lines of opec mitigate that risk, full mineral host countries, and help them to, to get more benefit for them and that people, perhaps, you know, the, the idea of a battery metals opec has been floated i know,

i think in the media with respect to nickel has talked about that specifically. um, i wouldn't be too optimistic about seeing a lithium opec or a battery metals opec. any time soon. i mean, these markets, the supply chain for lithium, for example, is, is very widely dispersed. and because of that, i think, you know, take a little off a long time to really consolidate and concentrate that power. all right, well we haven't spent long enough talking. choose been a great conversation. thanks so much, chris. thank you for the opportunity. i appreciate the discovery of diamonds in 1966 health, 10 bucks wanda, into africa. 6 richest country, but maybe 70 percent of its rough diamonds go to belgian mining from the bees. when the government has been demanding a fire, a slice of the spoils from the gems buried beneath its soil. the base recently agreed to increase spot swan the share. under the new joint binding agreement, botswana will get 30 percent of extracted rock stones up from $25.00 plus signs in

the old deal. well, that will gradually increase the hospital diamonds to be as mines over the next decade. the company will also invest millions of dollars to help develop the nation's economy. the partnership with the v is produced nearly $3000000000.00 in revenue for $1.01 the last year. president, buckwheat c my c. c is threatened to comp, ties with the company of his nation, did not receive a battery share. he's increased pressure on this by seeking to biased day. can belgian jen? try the h b and flip. all the theme is get to be finalized. all the nations like sierra leone times in the ends. you gander, also pushing to increase the profits from the resources. and now from botswana is capital with joined by keith jeffries. he's a senior form, a senior policy adviser about swan is ministry of finance and economic development . good to have you with us. keith is also the managing director of consultancy firm a consult books wanna so case is a new joint mining agreement,

a big tree for bucks one or is it a win win deal? i think it's a, it's a win win deal. although the, some aspects of the deal do mock an improvement in the terms, but books find a governor, the bus one the gets i think at, at the expense of to be is to some extent but, but overall, the best mutual benefit in the deal. and you mentioned that it comes some wants at the expense of b as why that is punch again, we should say, yes, i'm into this again because, you know, go from the books one or show know for many years its ability to extract concessions from the bills every time business has up negotiations, but i think for, for the d is and what was critically important was getting assurance over the long term mining leases. as you know, this was both uh mining lease agreement and the state was

a marketing agreements on the mining leases are now open. extend is to be on the 2054 for the well to 2054 for the joint venture. that's one which is a 5050 j, v between government bills and that's those mines require very high levels of investment. so the long term assurance over those money leases, i think is, is good for everybody involved and in the j b. and it was critical for the bid is to have that assurance and that's why they, i think we're prepared to concede that more than some other aspect. so let's, let's talk a little bit about what each side get south of they spend the government saying the deal will help achieve the aspirations of the bus one, the population will help achieve development goals. while you're as aspirations of about some of the people that that's, that's very big and, and indeed we still, well, let's let me try and make it a little less vague. oh,

what's the bottom line of people going to see some money out of this? i think uh, bottom line is no um the uh that will be this diamonds for development funds, which is going to be set top funded by the business. um that may help to provide some finance for investment projects with the without know the details. but in terms of fiscal revenues for government, i don't think we're going to see much change as, as a result of disagreement. but we, we really need to see the details about once the agreements are fully signed to the negotiated. where does that leave the biggest market position then? the amended, it has different aspects for the bill. so one is they've still got access to the supply of diamonds from that's one of which is the largest single source of supply . so it helps to maintain the very strong position in the, in the diamond valued chain about state have to give up

a little bit of rats. and overtime the share of government is going to the bucks on the government's own company. because like diamond company will increase gradually over a 10 year period. but i think so to be is it's business that they have a short access to supply from depths one, which as i say, is the largest single source of supply, which enables them to maintain that very strong position in the diamond world. all right, thanks for sharing your perspective on my case. thank you very much. and that's all show for this week. but remember, you can get in touch with us by the way to use the hash tag a, c, d c. when you do or drop us an e mail accounting, the costs down to 0 dot net is our address. as more for you online at al serra dot com slash ctc, that'll take you straight to a page which has individual reports, links, 9th and tara episode seem to catch up on. that's it for this edition of counting the cost on sam. you say that from the whole team here. thanks for joining us. use

it. i'll just say it right is next the the people have no way to build the workforce out of their neighborhoods because of a fighting going on between rival gang, what he's offering. nothing about special causes where they are for the special forces. this area used to be filled with people. but as you can see right now, it looks like a war zone. this is the largest hospital in haiti, and it has been barely working for the past 5 months. as a missionary, sir, i left the barbecue has created what is known as the g 9. it's a federation of dams and it's one of the most powerful here is road connect,

the communal fit to be with an other area that is not far away and were told that it was being used by gang people that had been kidnapped the real world war we don't have video, i'll just say era gains, exclusive access to hundreds of migrants traps on the to this in the, in bolt the territory. and this is, i'll just say the broadcasting lock them to also coming out us defends it's decision to send cluster munitions.