road problem is right over there, and when the city left, the people put dead, all those ashes roll zip up and people have withdrawal culture because our culture speeds around the world. it couldn't let us on. there wasn't, goes as big as the, the tv networks and great things out as there was doing. so hip hop was there was that boy. so i spoke. and right now i'd say just the 50 of you to this day, but also a free kick. rio is also one of the founding members of the pioneering areas or hip hop grandmaster flash is here is 5, and he was, he was jail in this city because of a case that was wrong. we looked at so much history here and things changed since the hated paperwork changed. that's why you have to always control the invite, the isms, racism, sexism and all the whole guys out there cuz people come and go. but. busy there isn't stay in the state in the pockets just likes things. i got to get rid of the real estate, i presume he's out there. everybody out is very nice. thank you so much for your

time. we really appreciate it. there you have at the legendary chuck d, one of many performers here in the bronx today. the day will culminate with a major concert at yankee stadium feature in many stars prison. so let me, i'll just bureaus like rocks, new york, the, you're watching else 0. these are the top stories wildfires on the wine island of malware you have killed 55 people and officials fear the death soul could rise. authority say is the largest natural disaster in hawaii history as a public memorials been held for as far as assassinated presidential candidate fernando. via this, an seo, the former journalist and anti corruption activist shot down in the capital kito. if he left a campaign event, wednesday, the government's declared a state of emergency added since the election will go ahead as planned. in 2 weeks

. hundreds of supporters of the 2 leaders in the chair have gathered outside a french military base near the capital. they're angry because the west african block, known as echo us, has placed a regional force on stand by you craze. president vladimir zelinski has sacked officials responsible for military recruitment. he dismissed regional officers accusing them of accepting bribes. he says more than a 100 criminal cases have been opened. especial council's been appointed to investigate the business dealings of the sign of us presidential bite and the decision was made after plead deals fell apart between the justice department and hunter biden. and those are the headlines as always, our website alger 0. com has all the top stories stay tune counting. the cost is next. i'm showing you here is coming over

our heads from russian positions for the 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 suitcases by substantial safe anymore. what happens on that day is a war crime shows how many regions trust the lines and the level of destruction here proof just have faced the fighting has been in recent weeks. this russian or altamont street has been a place of pilgrimage for centuries. the although i'm adrian said again, this is counting the cost on al jazeera. you know,

we can look at the world of business and economics. this freight, central banks, a holding gold, increasingly moving the reserves back homes boulevard for the precious metal continue. also this week 5 of a posts on his ex platform on most of told employees treated unfairly by the bosses that he's got the fax plus, the textile industry is often called the backbone of practice tons, economy. the sector is buried the front of the nation's financial crisis. the it is precious. at often serves as a safe haven, a hedge against economic uncertainty and investment favorite for its debilitate traitors. investors and governments have often looked at gold in times of market volatility. 2022 was an exceptional year for the yellow metal to mon reached its highest level. and most of the decade, central banks globally bought a staggering $70000000000.00 worth of gold. that's the most,

it's 73 years of now it seems the world is looking again to gold as a hedge against uncertainty. for months, banks have been selling off the gold stocks. now the bank buying again, the world gold council says the purchase isn't the 1st half of this year. we're the highest on record. the biggest bias, but people's bank of china, turkey, india, and the e. u also ramped up that go visit as well. russia has been stopped piling gold for the past year as it tries to circumvent the impact of western sanctions. so why do central banks like gold? well, the metal holds its value during economic turmoil. unlike currencies or bones, its price actually tends to rise when the value of the us dollar falls, that encourages central banks to stockpile gold, to diversify the reserves away from fall a tile currencies hedging against inflation is one of the reason why central banks forwarded the metal has limited supply,

attends to preserve purchasing power against rising prices. that a one 5th of all the gold ever mind is held by central banks. the us has the biggest reserves. many central bank, sol, tons of it. during the coby of 19 pandemic to shore. opposite our economies to go results a captain underground volts are stored with central banks of broad including the us federal because of of the bank of england. joining us now from single boys nicholas gonzales, who is managing director at the metals focus. he's a global precious metals expert. the time he with this, because it was russia's invasion of ukraine in the subsequent sanctions that triggered last he is gold rush. what's behind this? he has pine into gold. oh, you know, i think it's in many ways a continuation. what we've been seeing for the last couple of years, really price of the crisis um the expectation, especially the early part of the year, the expectation that the federal reserve would be forced to cut the rates uh

a lot sooner than the reality has proven it to be the case, that's what drove the price of back of up to $2000.00, announced and look more generally. the gold has basically proven its metal, and a lot of investors are looking to it's does a diverse the fire and central banks have been continuing to buy will be it's not us uh, aggressive. yeah, last year. um they're still in the bid. are there any particular countries that are leading this, this ross who's buying more gold than, than anyone else? well look, i mean, uh, naturally, uh, the countries that be in terms of reserve managers, the countries that have been over the last decades really buying gold, developing nations, the nations of have don't have legacy gold holdings as a result of being part of the gold standard china, russia to key have been being buyers, although took, you know, this year,

the key hi and fox on that seller recently for various reasons. but yeah, so some of the european east european countries helping buyers in the last decade. but yeah, basically countries that for lack of a better word, needs to add to reserves because they're not already overweight, like western ones. because what, what does the implications of the, of this for that, for the greenback that the, the us to all of the reserve currency, the world. there's no doubt that there is a big organization on the way. and in fact, it's been going on for quite a quite, quite a long time. it's not just kind of the after minds of the war and ukraine and the freezing of the rest of the central bank assets dollars ations has been going on since the early 2, thousands of as, as banks have many diversifying against the facts to reserve currency. i think it's a bit premature to stop making long term projection. that's or i'd say the,

it seems to me if it comes flaming and i think gold is also um, you know it's, it's part of that move, but i think it's a little bit um, we can't really look at the goal. does the principal driving forces the storage but to what extent the uh, the, the, the trend towards rising interest rates across the world, playing into this, this, this appetite for gold. well and perversely, um, gold tends to um, gold gold tennis. these out when interest rates are rising, right? because effectively higher interest rates mean a higher risk free or a higher cost will carry. so why buy gold? which yields 0 or best? if you basis points when you can 9 started by treasures that give you 4 or 5 percent returns. having said this, we seen the dramatic change in the reasoning or the way the uh, the aptitudes of institution investors there looked less sensitive to that. and

a lot more keen on the gold, surely because of its having proven in the last 15 years and numerous crisis that we've seen, we've gone through that, it's a very solid, a successful that that's the fire. alright, thank us. i'll be back with you in just a moment, a growing number of nations, a re patry aging that goes off to a freeze on russian for an assets separately. venezuela's government has recently lost an appeal to gain control of nearly $2000000000.00 in gold. how old are the cape? the bank of england refused to release them as well as assets, citing doubts over the legitimacy of president nicholas madura is winning 2018 nations gold resolves. felt by nearly 12 percent in the 1st half of the down to $61.00 tons. nicholas rocha's gold reserves are stored very much at home. of the central banks though a pretty where they don't they because as we can see in the case of dennis,

whether it's it's easy to freeze gold assets that are held abroad. yeah, of course. look um, traditionally, um, as a central bank you would want to keep as much gold as um, um, and the big chunk of your gold reserving long. and because that's where you could basically mobilize at the end it out. or if you wanted to sell it, it would be a lot easier to sell it then when you were, if you were adding 2 years as it would be a lot easier to just add to your local london account. um, but uh, as a very id pointed out of the importance of having a piece of portion of your reserves home or away from the potential interference wolf, western governments, western powers ease is, you know, he's become very apparent and i think the freezing of russian central the rest of the central banks assets in the aftermath of a people, the ukrainian and then the invasion of the pray has, you know,

api 5 be and it's okay. alright. okay, and what about your, what about venezuela? nicholas? i mean, what are the chances of, of venezuela unlocking its assets, its gold assets held abroad in the near future where it doesn't look very likely, right. i mean, uh, the, uh, the bank of england is not budging. and you know, frankly so, so why we're unlikely to see massive sales from the venezuelan central bankers as a very right to point it out about more than half of its holdings are now effectively looked away and kind of be touched. okay, let's get back to the weather in the future twins. yeah, yeah, i'm ready. let's get back to the market. you, you mentioned the price is hovering around, bought $2000.00. announce right now how, how much further do you think right now it's uh it's, it's now closer 219-1900 the above 2000. okay. in the year. all right, that's fine. but i, we, we set to see those highest, again,

any time in the near future. and we're not about giving financial advice on this program, but, but she'll the likes of me and anyone watching me thinking about investing in gold right now. yeah, look i'm, we are as very, i keep pointed out, we're not there to give investment advice, but what we can say is that we can see investors are still interested in gold. um, a, you know, even though the persistence of high interest rates is a head wind for the price and we could see lower prices, it's, you know, because without the possibility we still see very strong interest in gold in that full 1st, very healthy, very important support price because it's been great to talk to you on terms of the costs, manufacturing the for being with us. thank you, adrian. all the best. the. now the eye clinic, blue bird logo is going to to is now re branded as x. eagle mosque is no stranger to making use. this time for outlining his vision for the platform for the notice towards up part of his plans include making the social media sites

a haven for free speech. in a recent announcement, the billionaire offered to foot the bill for use as to suit their bosses if they think they've been treated unfairly for posting on ex ad. he says there's no limits to those funds despite plunging advertising revenues. obviously respiratory okay can be ripples. this is what is the world's most use social media platforms now it's building at own that you know, musk says ex, formerly known as twitter will pay. the legal bills of uses has been treated quote, unfairly, by employees because of posting or liking something on the site. so what's behind this announcement at the time when his social media site is struggling? he's trying to attract attention to sophie's to him, but he always does, which is the purpose of the without actually necessarily having in any intent sorta think of following through on it. because uh, the actual logistical implications of how you would do this,

or just as well. you know, most the boat was the last year for $44000000000.00 to him or followed after he fired hoff the workforce. since his take over the company has lost hoford's advertising revenue. in july, the logo changed mosque said it was part of his vision to use the app for multiple purposes, including audio video chatting and payments from a brand or business point of view. it's completely irrational. it's probably the final strikes in the complete unwinding of twitter and likely going to be good for you on last because now people will be talking about his expiration. not how much money he's going to be losing on twitter. the most cause referred to acts as the so called everything app, powered by artificial intelligence, pushing it, place it ages so called soup apps. we checked in china is one of the regions biggest platforms. it's used as a one stop app for millions of uses. daily needs well beyond just messaging. mosque

is also facing competition from an old advisory mulch sucker bugs met the owner. facebook launched arrival platform last month. cold threats. musk says monthly uses of ex, reach what equal to high of modem, 540000000 in july. he says there will be no limit to funding, uses legal bills, victoria case, and be for counting the cost. what does this cost of this? joining us now from the lynn is fredericka county, find out who's a tech expert, a tech policy expert. good teddy, let us frederica if look, is a little mask serious here. should bosses be worried or is this just a publicity stunt? that's really easy. this for what it is, it's a public listen, he's done, you know, must have provided no details whatsoever about what i'm sandy treated means he didn't provide any information for how people can get in touch. i think this is a distraction from the real and serious problems that the company's facing. yeah, i mean, i'm talking about the serious problem and how on earth could,

could he fund this? i mean, it does no way that he can pay legal expenses which could fit into millions and millions. if enough people came forward. exactly. i think it doesn't even marry a more detailed discussion. it's a, it's a distraction similar to the, the 1st time that he announced, but you know, on mosque. and it's a distraction from the problems that the company is facing. people are leaving on math. a study has shown that the majority of americans were on twitter, have sort of reduce their activity or thinking about using in the last 12 months. so that's a real serious problem that the company is facing. and then the other one is, since, you know, i'm asked took over harassment, incitement to violence have skyrocketed on the platform. and that's a problem for a company that wants to be a trusted public town square. the center for countering digital hates published research showing that hate speech and this information have been spreading like

wildfire on the platform on the mosques ownership. i mean, he does have a serious image problem right now. it doesn't take with, with x fully notice twitter. i think it's a bit more um, it's a bit more than an image problem. so things haven't been rosy at the company formerly known as twitter for a long time since years. organizations like amnesty international or the london based jill glitch has documented how, especially women of color, queer people are disproportionately affected by violence and online hate. so this is a longstanding problem. now what you know must catch them is one of the 1st things he did when taking over the company was significantly reducing the trust and safety teams. he eliminated the i essex team and he also reduced the human rights team. so these are, this is a very clear signal and now we're seeing the consequences looks as more than a problem in drives people off the platform and drives advertises

a way to doesn't mean that, i mean however you looking at this, this re branding this, this takeover has been a disaster in business terms, hasn't come ex, fully. you notice twitter. now that's catchy. is that kind of survival of this? that's a very, very difficult question to answer. but you definitely buy this. is this about much more than than human rights. it's about business. no advertise, wants to advertise next to election interference, incitement to violence. this isn't good for brands and we've seen brands leaving the platform. now we're seeing people leaving the platform. i think there are 2 issues here at the root cause. one of them is a real misunderstanding on the side of mosque on what freedom of expression actually means. and then the 2nd one is a gamble. so the gamble is that 1st of all people want and everything app. so an app that you can use for right chairs for payments. and then the 2nd gamble is that people will trust x. the company formerly known as twitter to be that everything

brand. and this is a really, really big gamble that i'm not sure it's gonna work out. yeah. you say you're not sure it's going to work out, but this is a little must quit with. we're talking about here at the moment. everything looks disastrous and this plan for an everything up to an accent to it's a we traps if you like. uh, that does a bit of everything. i mean, what are the chances in 5 years time of, of you and i turn it around on having to, well say, well, we got that wrong. i used really well. i think what he's missing in the equation is that people need to trust an app that they want to use for everything and was harassment. and it's still a social media company down. and as a social media company, it's not meeting their responsibility. and as a result, people don't feel safe, people don't have trust. and if you want to be the app for everything, you definitely need people and advertisers to trust you. in the meantime, over a mess of course, monk, a book has large freights, which is a kind of a twitter is not there yet. it's lacking many of the features that the twitter has

. how much of how much of a fresh is that to what ex, fully notice as twist. i mean, it's clearly as perhaps they all kinds of threats in the form of a ton of tips like mastodon, but also blue skies. take talk has also launched a tank based sort of communication. so there's lots of competition happening at the moment. so yes, it's a threat, but i think let's not forget what twitter really was. twitter really was the town square. it's when movements like black lives matter. me to all the merge and i think um with this fragmentation that we're seeing now, it will be a charter for any of these apps to be this sort of place, the town square, where we're having these kinds of debates. what's your gut feeling? are we witnessing the death flows of, of, of a one's fine social media platform here? or will ex, somehow managed to, to reinvent itself? if x wants to x wants to reinvent himself as a product that has more features,

but it's neglecting the core responsibilities better social media platform simply have to take on and i think it will not work out. the reason that people no longer feels safe and then people don't trust the app. i'm going to contribute to it's doubtful for the week are great still to on kind of get the cost many thanks and they for being with us. of course, any time i can start is of course, one of the was leading tech style produces it, supplies everything from genes to towels for bias, mainly in the us and europe. but the industry, which accounts for nearly 60 percent of exports has been hit hard by the economic crisis. manufacturers of shut down or no longer running at full capacity. now does, here's our expand reports. the city of fi is all about is famous for its factories, but many struggling to stay open. the price of electricity has increased, making it more expensive to run machinery, and the collapse of pug stones currency makes and pulsing rule materials very

difficult. now what are their dozens of factors that closing, how does all of our cars are becoming job less even don't have the money to give our next bill. that is our isn't does is that this looks like the graveyard of the machinery. and the reason is, is that our gomez is they are one of the shows they are busy in the game of fiber. everyone in the city has felt the impact of the crisis because it gets here that yes, but the yet where do we suppose to go? how are we to send? no children to school and feed them. we can only work if this work. the politicians are stuck in the politics. no one cares about his work because pakistan has lots of poverty and unemployment because of this industry. so many of us get what and run our household, especially important for women because the onto the left of opportunities. generally. the i a have recently a great, a 3000000000 dollar buy allowed with pucks down government bus. one of the

conditions is an ins to energy subsidies. business leaders are urging the government to protect the textile industries. they say the success or failure of pucks down the economy could him join us at like speed, accounting, the cost of joining us, not from karachi and pakistan is yourself. and folks who has an economist and director of research at chase securities, protected with a set yourself up, the tex dot industries was purely down to the economic crisis. all of the factors that play. okay, so it is the size of a large part of progress on the economy. it makes up 8 and a half percent of g d, b, it's 60 percent, all progress on the x for the parts of the prices that are that are going to head to take started sector and that are parts that are not going to head over the next started as much, for example, interest rates have gone from 6 percent when dc percent. so that's a very big load on the income statement. all excited company and it's very

difficult to survive at such high interest rates that can you what happened is that because if i miss sanderson roman doesn't have to increase the electricity. that is what price that makes it very difficult for some of the excited farms to somebody. on the other hand, what happened is that there's been significant guaranteed evaluation, which has started to kind of be in the experience on some segments as it makes understanding good site, the cheaper so so, so it makes it better us. the other thing that happened in the last year was in board ban. so even though that was guaranteed evaluation, they started fall within the last year, but any unable to import machinery unable to replace sparks. so they were so as of the next few minutes a to quite a few issues in the last year. uh, the invest feet high captured some customers and our partners. i'm a customer that cool ish, that usually use to me as orders and by medicines. i know, but because i go in and shut down the with that part if any forms are able to get

some customers from the study. but now because of higher data, it's getting ready to go to retain those customers. as you said, that the test conditions imposed on practice done by the, the i m f for the foot for that load on our rippling as of right across the economy at affecting everyone in society. what does the government need to do to keep business moving to incentivize businesses to keep the production levels up? oh see, i think the currency, the valuation that has happened over the last year and over the last year and before that is what is going to have big starting exporters become cheaper manufacturers on the board along with that. the government also has been okay. interesting with already hired, i don't wish to start calling from february and if the interest rates can start coming down february next year. the important thing that they're going to look at right now is fixing the power sector and reducing the testing the sector, which will allow this to like the to start coming back down again. a source of

passed and transmission and distribution loss is always a big issue in progress time and the government has to fix that so that status can become lower. the other thing, the goal mention, okay, when say the minimum wage is in the minimum wage in countries that progress on your next tires and other industries compete with like a so the, the scores. so the minimum wage is almost off for the budget on make an only progress on significantly more expensive than others. one of the reasons why are you going to have some people high a minimum wage is because 5 percent. that's a reasonable price. that's higher than the intellectual, right. so what's the outlook use of the people of pakistan who was suffering a great deal at the moment economically? is this short term pain for, for the price of times, just around the corner, you mentioned february being a key date. the policy makers, they need to stick to a floating exchange rate, which can absolve any shocks that come into the economy, the outlaw food very far they've on the outlook and i think the worst is known

behind. and now we know the situation should really start improving the vi. there has been massive evaluation that even affective it senior, just finally below a 100 and it's been done for july and august. all has been posted based small got into accounts, hopeless is and with the funding exceeded in height or the ex toner and account situation could remain resolved for late. this was great to talk to you on counting the cost manufacturing day for being with us. thank you for waiting on that. as i'll show for this week, if you'd like to comments on anything that you've seen, you can x me on the platform formerly known as twitter. i'm at a citizen. try to remember to use the hash tag a j c t c. what do you do? all you can drop us a line e mail us. that's counting the cost of the houses here. don't match. that's probably more for you online at i was 0 dot com slash ctc. that takes you straight to our page that you'll find individual reports links at a time episode, steve account shopping. that is it for this edition of captioning the cost. i'm

adrian instead of going for the whole team here in bo, thanks for being with us. the news on al jazeera is next the the in depth analysis of the days headlines. the care motivation for, for goes and was the preservation of wagner as its own entity and not being some students by the state. inside story on al jazeera and legacy of southern africa's colonial history. from a, a blend of traditional music with western instrument, the super to now it goes in apartheid to disuse,

mind where a new illegal gold rush has taken home as organized crime guns battled for control of this lucrative industry feuds that started in song too often. and didn't blush at the accordion, morris on a jersey to the historic town in the hawaiian island of maui is reduced to ashes like catastrophic wildfires. at least 59 people have been killed. i'm sure every country in my iowa hundreds of accounted for thousands of displaced as a result of by.