tv Counting the Cost Al Jazeera July 31, 2023 7:30pm-8:01pm AST
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to it may renew the debate about the human costs of the offense that ended world war 2, the more tremendous and know what's next. and ronald lafond, l g 0. the time let's take you through some of the headlines now. fighting between live along groups inside the largest palestinian refugee captain, nothing in his killed at least 11 people. thousands have been injured. the violence began on the fact that they often attempted assassination. st. ahold of has the latest form. i am in henry. clashes are continuing day 3 of factional fight thing inside the i know how we refugee camps for fighting has been fierce, and the intensity is only increasing despite efforts by policy, man and loving these factions to try to broker a ceasefire. the latest about the violence started on saturday with the attempted assassination of
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a member of the one group and then the killing or the revenge killing. of those parts of the man's are a day later suit in these activists say, $200.00 civilians have been killed in less than the full since wednesday. they accuse the pamela tree rapids the pool forces of atrocities, of to taking over a village near the regional capital and getting a new jasmine true. let's say fonts is planning an attack on the presidential palace to free. i'll just as president, i'm with bassoon early, a chance president met the qu, lead is in an effort to win the crisis. former us president donald trump's list of legal problems continues to grow. a former employee of these mar logo, a state call us the data, is making is 1st called appearance in miami, that he's accused of working with the former president to hide security for each from f. b. i investigate this. fighting has arrived between police and pro testers
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. in the senegalese capital that call, the violence follows the detention of opposition. the those months sancho, the politician appeared in court who was formerly charged with several offences, including inciting insurrection. at least 6 people have been killed in a wave of russian missile strikes and the ukrainian city of 3 very all pharmacy se rescue operations are on the way for people trapped under the rubble bombing at a political conference in pockets. dom that killed 50 full people as being claimed by i. so suicide bomber talk the, the religious party, and the jalap near the border with afghanistan on sunday. it's counting the costs next. stay with us. the
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of the hello and 0 then yea, this is counting the cost on alpha 0. your weekly look at the world of business and economics this week, heat waves, the war and ukraine and export bands on a central staples. the threats to global food supplies are piling up. will that lead to higher prices and more hunger. also this week, oil supplies are tightening,
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and prices are creeping higher or market starting to turn in opec's favor after a series of production cuts. a lack of fuel, a lack of food, and a lack of money to buy basic goods to vice. turning to an old ally, russia to help ease its economic crisis. the scorching temperatures ravaged funds from the us to china. russia quite a deal that allowed the safe passage of ukrainian grain exports through the black sea. and ukraine says moscow hit it's green silos and bond export routes. on top of that, in the band, some rice shipments to keep domestic prices in check threats, the global food supplies are rising once again, and it's fear that they will raise costs and worst and hunger across the world. fenton monahan reports on the situation in lebanon, and chad for the wheat harvest season is almost over. farmers say they have little
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choice, but to bolster production because of level of economic crisis. and the rising global boot price is due to the war and ukraine. but the country is far from producing enough to meet local demand. so beyond can with the heavy in the past, the percentage of farmers who grew weeds was around 40 percent. now it's more than 70 percent. if we get more support, we would be able to grow much more infinity, but it is an expensive business, especially since less than on imports, almost everything and local currency. last for the 95 percent of its value, the nearly bankrupt government has promised to support production by providing seeds at a low price. in the we face a lot of the challenges to be able to invest in orlando. we are poor, we need dollars to bypass designs. that's why the government should support that. c and 11 on wants to end it's dependence on imports. but there's a long way to go. in chad, the war and ukraine is also disrupt supply chains and made existing problems even more difficult to manage. document diode is replanting her farm after the previous
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croft failed. it's been weeks since there was any significant rain, full appointment for the. the rains were best and last year at this time, i fear this could mean to harvest was to farmers here say to lose more crops if they don't see more rain. but that's not the only problem that i've seen, you know, monday at the, even when the rains come, we liked the necessary tools to cultivate crops. seeds are beyond our reach. with each passing year, the area of cultivated land and chad shrinks. as the effect of climate change becomes more severe that jeopardize the jobs of 20000000 people. and many are going hungry with 1000000 suffering from malnutrition, all made worse by disruptions to food supplies from abroad. bins and mulligan for counting the cost. and joining us now from cape town is peter t jacobs. peter is a research director at the inclusive economic development division and the human
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sciences research council. you're joining us from cape town. peter is good to have you on the program. do you see a scenario where the ukraine green deal could be revived? or do you think the world just needs to adjust now to a reality where it's just harder for ukraine to explore this? great, a good morning. yeah. prospect school the green deal to be revived. a really very slim at this point because they have been a lot of other people. in the meanwhile, one of the developments as you, while aware all these, the current 2nd africa, russia summit in moscow. and this will result in, i think the continuation of, for the escalation of a transfers of food brains between russia and africa was at an african countries and other forms of food to support for african countries. the brain to us boys being very controversial and one of the most controversial aspects of the grain
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deal according to recent estimates as being that to this being a differentiation. all the benefits from different countries of different regions of the world, from the grain do. some estimates suggest that between 60 percent and 2 thirds of the green exports actually went through the go global north into europe. specifically. whereas a small number of countries into one of asked me to put example of benefits from to bring deals with is not being an even distribution of the benefits of the great deal. well, peter, come down to the get you to address that because that is exactly the criticism that vladimir put in his level that is green deal. he says, look, this has been a lie all the long. it was supposed to help alleviate the, the suffering and, and food insecurity of the most vulnerable people. but actually, africa has only been getting a tiny fraction of the grain from ukraine, europe, getting the lion's share of it. can you,
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can you help settle that debate for us in the positive aspect of the grain deal? and this is a very, very profound estimate to order. any important estimate he's, that the grain deal has helped to moderate grain. uh, price is a serial price is a, across the world to moderate. the increases at the producer level, all of these prices because it is allowed, one of the key brand baskets of the world, both in terms of grain exports but also because of foot logic. sports it's crew. ukraine. do have a lawyer. the the price is old grain and the estimates they anywhere between roughly 14 and 15 percent of global prices for the last 3 months have really declined quite substantially. dean 0 grains, as a result, all the black sea grain initiative. remember the withdrawal of russia from the initiative only took place fairly recently. and so to spend on a brief export,
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the july prices that be looking at uh, what's basically as a result of the initiative that has been in place for several years. so this being a, the positive impacts of the grain deal at the producer level of producer prices of these they felt weighed. i think the, i'm even distribution from my a, you know, point of view. okay. but if we had both together, i think it would have been a much bigger benefit. i have mentioned already the background of the current summit that's happening in moscow. ready and this summit, i'm sure he's going to continue the distribution or distribution. the range of 2 distribution arrangements between moscow and 7 applicant countries. a how the panel we, we, we cannot see, and f, as at this moment. peter, something else i want to put on of yours radars. there are other factors that are weighing on food security, food in security as it were a globally. and i talked to us about number one, the in the ban on rice exports and number 2,
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the heat waves that we're seeing just the weather conditions that are made get harder to grow crops at the moment. one of the key beneficial benefits that you're getting from the harvesting of that that's happening in, in the we to harvesting in the global south as being in the american, for example, the knowledge and teen in these countries. we, we, we've, they've been able to export quite a bit of the grains august, the theme this particular season. and they need the global more. we now see the big, extreme effects of global warming. and the impact of, uh, you know, climate change on to production could capacity the worst scenario i think is panting out there. it's not what the story can be expected as just pure droughts. but we've always been aware of the importance of, of march scale fires and, and these are fires have really devastating and destroying large numbers of,
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of krupps and approximately the major producing regions. the indian situation is very, very important. why? because i think a lot of the arrangements in the, in the rice exports in africa for instance, uh south africa and in southern africa broadly, there's been a heavy dependency on rice exports from india and other countries. now i've, since a stop at the war, even before b, lexie, granite, east of k mean. there was a kind of a tendency towards me nationalism as, as, as it was quoted for time. and unfortunately, this has resulted in countries, especially companies that have historically had advantages and stuff. and crops such as rice, india b is the occasion point of being saying, while arguing that it is more important to secure the food consumption of our own country, randa then you know, to step in to compensate for picking pick up the war,
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increasing increasing exports. but the fact is, i think that the also worse than the situation at the moment to effect is specifically, i think there's been a lot of disruptions to a global transportation networks. and this is affecting negatively on the transportation of, of food on a global scale. but a lot of the countries have also being affected by severe difficulties in affording purchased as a full, full purchase of inputs as a result of inflation to the pressures and, and the depth. the, the global debt situation is as made to scenario. you know, a lot of countries extremely opposed and extremely bad. peters who look at all these threats that are worsening food and security around the world. is there something that the international community in your view should be doing that it isn't currently doing? there are initiatives at the united nations level that i think we, we have to look at the re carefully and how to strengthen some of those united
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nations level initiatives. the in the united nations in this because they are really about the delivery of sufficient food for the world food program and other agencies to countries in the global south, especially with these to the situation needs to be extremely severe. and we look at the liter state of fluid insecure to report that just came up and was moving to the beginning of this month where we've had an addition of a 122000000 people across the board as see it was a beautiful can secure i the last a. yeah, and this is an extreme situation. of course, we know that it is the compounding impact of both a war that, that the end end of the stove, the asked about a dakota 1919 pin pandemic. so we, we've got to have interventions at all levels virtually at the global global level, the key area in the global initiatives. i think these, the you and support for climate interventions that work ensure that the sleep
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production capacity of countries become more stabilized. this, i think will be one of the most important initiatives at the global level. ready that the one of us must uh, you know, wrap around its pool. peter t jacobs. thank you so much for your time. great to talk to you today. i appreciate it. take care. bye bye. the t for supplies low to keep prices as high as possible. that's been the strategy of the world's biggest oil ex borders who have been cutting out put gradually since last year, but their big concerns about weak demand inflation. and there's been uncertainty about the global economy until recently, markets largely shrugged off the cuts. the opec plus alliance had had little luck in pushing oil prices up. now though, there are signs that the supply cuts are paying off for them. the world's benchmark brent crude oil surged above $80.00
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a barrel last week for the 1st time since april and goldman sachs expects prices to rise even further. early last year prices rose to more than a $130.00 a barrel after russia invaded ukraine. analysts say saudi arabia wants relatively high oil prices to balance its budget and fund and ambitious development program. so saudi has been leading the oil production costs that now amount on paper to nearly 5 percent of global supply. in october last year, opec plus cut output by $2000000.00 barrels a day. it's the biggest cut output since the end of the pen demik. that angered the us, which was pushing the group to boost production in order to help ease prices. several months later, the alliance agreed to slash out, but again, unexpectedly, the move in april push price is up to more than $84.00 a barrel, but price is soon different again. so saudi arabia announced a unilateral cut this time to output by another 1000000 barrels a day that began in july. it recently extended that through august,
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and russia also now new carves on oil exports after much delay. moscow is crude traded last week above a price cap set by western nations. joining us from london is edward gardner. edward is the commodities economist at capital economics. so edward oil prices have been rising for 5 weeks consecutively. now what's driving that? so we're prizes in prison from around and $75.00 to borrow the sausage. that amounts to about $84.00 to buy. and today, the reason for the the price increase is mostly supplied. so the supply coats the gradually taking place since october last year. i have continued to constrain the markets and we think that constrains supply from a bag coupled with stronger demands from china, things to it's economic reopening and the end 0 coded and resilient demand and
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developed economies such as the us all contribution to market participants, expecting a time for oil market and the coming months. so from all sides we focused of the global oil market will be in a deficit in the 2nd half of this year. slipping from a surface in that 1st off of the, on the, in large part of the, it's due to strong demand in us on her arms at the moment. 20000000 barrels today, which was down slightly from last year. it's still close to the record high and 21000000 bounce the day in the early 2, thousands. and that's at the time of rising interest rates for the better the raising the interest strikes and china's reopening has led to increased refinery through. but through the 7 june, we had on nearly 5xww barrels today, a crew to be in are 5 in china, which is the 2nd highest on raffle. and so the combination of strong demand on
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lowest supply, some pads and some improvement incense when countries things to increase the price of the saudi production cuts and the most significant that they've been in, in 5 years. do you expect that to continue? so you rank, it would rather see the oil price, stay steady, steady and have a full rob at the potentially rise to saw. so we wouldn't be surprised is the starting rate here extend that it's fine to into september but, but from a market bombs estimates, we don't actually think that it's necessary. um, we do still already expect the oil market to be in a deficit. and the 2nd half is yet, which should put that sort of the price by itself. talk to us a little bit about this specific situation that russia finds itself in because europeans impose a cap on the price of russian oil, except, except the russian oil is now trading above that cap. so that, does that mean? now we know the conclusion is that didn't work. it doesn't necessarily mean the
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price competence was the fact that brushes crude oil in in europe can, can sell for more than $60.00 to barrel. no means that to actually move that crude old russia will have to use known western financial services and logistics. and if we really think about what the motive of the product was from the very beginning, it was to limit rushes for revenues and not necessarily deprived the market of crude oil supply. so in that respect, if we do see where she continued to move crude oil even so even when the critical product, as opposed to 6 don't about cost. and you know, what we could see is we're sure still having to pay quite um, quite high amounts of money to, to sort of things. and these mon weston, um, provided movements soft spots, crude oil, and not crude cuts into its oil. revenue was skills to find the market with,
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with the bottles that is, is much needed. higher oil and gas prices are a major concern for the us presidential buying. and we know that us presents, especially when they're going into the election year. they tend to want to keep the price of way low. do you think the us has much leverage over this? well, so we sold last year and that the u. s. degree to the strategic petroleum is us by an order of magnitude as around 200000000 barrels. and now the s b, i still is a significant assets that the us has assets disposal. i think it's still contains around 4 to 500000000 barrels that says cruise. um, so if need be, the us could still deployed a crude or from that reserves. and if there was the price, the way to, to rise to concerning the high levels. but as things stand,
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that's not really something that has been indicated by the us government. if anything, do you estimate as towards about starting to replenish, it's a s p all in the coming months. so it would be a bit to the. so the usa and really to start to see talk as the us using is s t all which is main. assets who come oil prices if necessary. in the coming months. edward, thank you so much for educating us on the ins and outs of the uh, oil prices and would gardener there from the commodities economist, the capital economics. thank you very much. thank you. the cube is economic crisis is among the worst since fidel castro's and 1959 revolution. many cubans are struggling with severe shortages and fuel food and medicine. they are leaving the island in record numbers in search of a better life. the government is opening the country to foreign investment to help revive the ailing economy, but it says there is no quick fix with financial problems. and it's now turning to
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its old friend, russia to help ease the crisis. moscow has recently signed several deals with the island, including oil and wheat supply, sugar production, and torres and facilities. as part of the agreements, cuba has agreed to open its doors, the russian investors, and banks. meanwhile, china has reportedly pay billions of dollars to cuba and exchange for the right to build a secret spying facility on the island in cuba is economy grew by nearly 2 percent last year. but the island nation is producing far fewer food staples than it did a few years ago. of joining us from barcelona in spain is hydro, lubo condo, dean of the college of communication, at the university of sharia and a latin america analyst. sir, what do you blame for this crisis? is it just the sanctions on cuba as economy or is it brought in and that, oh, i mean, or frankly speaking, it's a system that has been unable to be so successful, obtainable in texas for since the beginning almost the beginning of the rush of all
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the big i can started by few, the costs are all back in the 19 sixties and seventies to increase and improve to production failed. but and basically the cost of changing on was $1.00 particular cross which was sugar which day and exported to the soviet block about time. and they got heavily subsidized dr. stuart, the whole of productive agriculture upstairs or sector in, in cuba. so i system the productive system. people have never been efficient enough to sell to be self reliable on their own for and as always be dependable. the crises accelerated 19 in the not at the beginning of the 1990 because of the collapse of the soviet union and not stop the massive subsidy today they that the given a government used to get and which allowed them to port fluid at the bottom uh i mean the station, there was some opening and they started in for 2 foot from the united states, but uh, and they still do by the way, but uh that obviously after uh,
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the trunk came to power stalled. and uh, what we're seeing is, is a system that is unable to produce and an image on the 4th. it is people need. now the government has implemented some changes. it has opened up cube is economy to, for an investment, to some degree and encourage small businesses. are you seeing the impact of that? well, it's not enough because if there be, it's not always it's been 2 minutes responses to the, to the crisis is not just 1991 since the what they call the video to show it was special, peter, which is a pretty hard and peter for them at the beginning of the ninety's, but it's not on the post, not be that a to me. but they have been erotic. they once they implemented what a roku was, it was empower one of their ministers to try really to modernize the economy. he was basically brought down very quickly by the gospel and also sides and who knows,
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you know, what, what did they did to him up to what i mean? anybody who has tried to tell the truth to the leaders and say, you know, this doesn't work right? now they're, they're trying again, uh and, and the good person to do some adverse over the phone. but again, can be under the control of the day they, they open some arrows for the private sector, particularly the national investment areas like tourism. but like the spanish investor so has always been in cuba they but again, it's not, i know they have them are starting to allow some. busy an enterprise, it's a big place, but again, it's just not enough that people doesn't trust based on the long term. so the best number to let me is to modernize, is it going to be to be self sufficient? i'm not gonna come under this with you because of it's past history and it's, it's what he's showing in terms of policy. they have turned to china and to russia for help. do you think that's going to work as well to it is the only one who could
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help them, but is not that politically committed to add to rush. of course, the chinese want the uh, aspire base which they are now developing in cuba. and which is not very highly sophisticated as a center which has the 3 doors and high tech devise to listen to the united states and, and that victims might get something in return. the russians are in no position to help anybody. the main help to keep a daughter in the past 1015 years was from venezuela. i'm from who will chavez, when he was in power even today when visualizing complete di of crises and where the a gas or oil or the petrol that is sold in venezuela sold us dollars in international price. the cubans are still getting a huge amount of oil from the newsletter. and so there's a big political the so again, it's, it's economizing clock. so their main helper is now not nowhere to to, to, to,
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to be seen or to be able to cope with a few bucks in the way they used to one day in the past 1015 years. so they situation in the, in the, i mean, it's a difficult, again, i will have a very clear on that one thing that we need to recognize the queue and government is there receiving is they have been in very similar situations of the past. and they've been able to survive. now, i don't know the condo, thank you so much for all your insights again, and that is our show for this week to get in touch with us by tweeting me at vineyards. 0. do use the hash tag a j c. t c, when you do order office, an email counting, the cost of the house is 0 dot net, that's our address. but there's more for you online at alice's 0 dot com slash ctc . that will take you straight to our page, which has individual reports, links, an entire episodes for you to catch up on a sense of this addition of counting the
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cost times several venue from the whole team. here in doha, thank you for joining us. the news is next analysis the a but next week the i'm charles done going to ration behind the sides, dramatize to put cost from i'll just here to invest facing re here from some of history's blogs, notable women and unconventional antics stores in the office. i am 40 that kind of
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coming this revolution of every one in china, new my space. you've heard all of them power it's time you have from these and 6 of hindsight is out now subscribe. wherever you listen to pub, of the gunfire for a 3rd day inside the palestinian refugee camp in lebanon, submitted 3 has sailed off the area, the fine sammy say them, this is out just a live from dell hall. so coming up active as the queue. so it ends palm, the tree rapids support the forces of getting more than $200.00 people in west, off for less than a week to lead. as in these, as a from says climbing and the talk on the presidential palace.
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