that was excellent ground, say that on basic findings and basics results 15 to 20 years back. and that, i think you important to people to understand that is very important to have the tools in the tool box when something unexpected happens as the print them m r and i allowed a vaccine to be developed that didn't need a week and division of the current of ours to be injected into patients. it could now be used to find other diseases such as cancer. it's also given it's probably it is a place in medical history. full rece out is there. okay. the is out there and these are the top stories. the un security council has votes and told her i the multinational force the hate. see the one year deployment will be led by canyon police and will look through help fight gangs, you know,

control large comments of the country, phone president. donald trump has wrapped up the 1st day of the civil full trial in new york, prosecute to say he and his company use falls financial statements, and inflated his net worth by billions of dollars. trump faces hundreds of millions of dollars in fines. us the house republican that gates has filed a motion to our speaker, kevin mccarthy, gates and other hotline republicans and give them a call if you would like to invite the democrats to post a last minute temporary deals at the company shut down. mike kinda has moved from washington dc. it is a very rare device, the motion to vacate, in fact, it's only being used twice in the last century and it has never ever succeeded. but what it needs is a simple majority in the house, so that some 318 votes with everybody is the uh, to pause and which case the speaker has to step down. however, there are some interesting parameters in this. the only way that gates is likely to

get this motion passed is if he gets the support of democrats, which is exceedingly unlikely, given the relationship between the hard line, conservative and democrats within the house. so he is going to struggle to get the majority of young, the republican caucus that says village really does have accepted the audio is off of mediation. algeria has proposed a 6 month transition period for military disability enroll sadie football side. l h a had, has refused to take to the page for the asian champions, league game against iran sit behind. the saudi team left the stadium, reportedly to protest over the presence of a bus of assassinated ronnie in general, have some sum of money. those are the headlines, the news that continues, hey, i know it's a 0 off that can be cost. you can keep up on how to 0, don't com. and then forget also agent, you put costs wherever you can find, put costs the

challenges with the hello. i'm serial then yea, this is counting the cost on alice's 0. the weekly looked at the world of business and economics. this week. one of china is biggest shadow banks is in trouble. so what are those financial firms and what risks do they oppose to the chinese economy? also this week the syrian president wants to end his nation's isolation. as many blame him for the free following economy. plus it's called yellow,

as demand for uranium continues to increase the price of this commodity use. the nuclear power is soaring, the it includes gigantic financial institutions. china is secretive shadow banking industry is worth more than 3 trillion dollars for perspective. that is roughly the size of britain's economy. but after years of exponential growth, several firms have defaulted on billions of dollars of payments to investors. in recent years, the chinese government has clipped down on risky lending to limit the risk of contagion to the wider economy. and now concern is growing again about the financial stability of shadow lenders. it's on your own. one of the country's largest trusts, missed payments, the clients in august, a pretty big warning sign. and the company then signed an agreement with 2 state owned firms to help solve those problems. that was 2 weeks ago. sean young managed more than $87000000000.00 worth of funds for corporate clients and wealthy

individuals as of the end of 2022. it says at least 11 percent of its assets are invested in the property sector. so just before we go to our guest and try and figure all this out, let me brief you on what are shadow banks? exactly. the term was coined in the us a little more than 15 years ago. it refers to financial services that are offered outside the formal banking system. unlike traditional bank shadow lenders, including trust lights on young, well they're loosely regulated and that means that they can lend more easily to more people, but their loans arts guaranteed as we're finding out and there's less transparency . so it's also hard to know how much debt there actually is. now for decades, the chinese government has bailed out many shadow firms when they've been in trouble and they were seen as a safe place for wealthy chinese to park their money. you say, trusts mere investors by offering significantly higher returns on their savings

than banks do that brings in a lot of cash shadow banks, then lend that cash to companies across various sectors of the chinese economy, including the property sector that includes real estate developers. but china is real, estate market is now in crisis, so the borrowers are struggling to repay the money that they borrowed. alright, redmond one joins me from hong kong. so you're the greater china market strategist obsessed. so we have now reached the point where some shadow banks have not been able to pay their customers because they themselves are not being repaid by the people to pay less money to. how concerned are you by all of this is a concern, and i think the problem at the moment east to a certain expand is the content that one of the reason is that these i'm gonna see is 32017. china has launched

a campaign to the last person that you call them. the 1st is on the charlotte balcony, says start and then have poverty sector, and then the com, inside that part of the part of the se, d leverage the economy. educate us. what is that basically is one to limit that the financing, and this is not the gross so much and used to be deal with the financing for those channels. and um, i mean they have not been very successful with to limit the financing for up with the sector and also the local government. those have still been growing, but they happy i make some such that's actually even reducing the size of the share of the banking sector. so the number one, number 2, and this a, quite a big difference between the us started okay. system and the china one, the china, one actually most of the e. so do you use that? those money carrying funding at all packing sector is the banking start target

commercial band. they want to do that good. a trade off the truck basically to try to be used to have the loophole so that they can have high interest rate. they can also make some money, are charging fees all those management wealth management port out to help day to cut to keep the costs of the least money at the bank, but not already in the deposit, but you pay very low interest rate is the method in those of managed pro management product end of the bank has to make some money. and so they are actually, i did most of them. so now i think the chinese government try the process to lose my car because these, these lending in the show the battery system back to the bottom of the page as well . so uh yes, it is. okay, but this deal is not our controlling yet. okay. and that goes back to what you're saying at the beginning, that right now the risk is contained again,

and i'm kind of asking you the same question here is how much risk is near systemic risk to the entire chinese economy? i ask this because obviously the, the bill most of the 2008 financial crisis is still with us. and we all remember that if one bank fails, if it's a big enough bank, then there's going to be a domino effect. and so many other financial institutions are going to fail and it's going to put many ordinary people in trouble. what's the risk of that here? i want to back if size of the shuttle back into somebody not $1.00 and $5.00 treaty and you're talking about the co, the co a month. oh good. that's true to non financial sector in china as a copier. just sort of the treaty. and so based on the, the shuttle paintings on getting knocked around 12, i 77 percent of that muscle band. and so i come for 65 percent sort of a muscle, phantom se, as i said, we did the chinese finding solar system. so some of those we get something also slate on back to the full impact to the commercial banks. it's not this,

they are actually are the customer on himself either. and those national bank, actually the shadow bank, true there for the top of you went out to the local and i financing, we call it. and so to solve those are the prices you know, not that credit so. so um, so on that sir. so directly paul, uh paul uh, size of the separately system to. ready the system so um, basically that they possibly can, i saw a, uh, and the chinese comedies and like need to pay them off, but they pop it. oh, okay. what those south and so on the restructuring. so on time to what so about that, i want to ask you because you said the word mailout. um sean young, the trust that were talking about recently about 2 weeks ago, signed an agreement with 2 financial firms that are a link to state owned companies. is that a government bailout,

the hidden government bailout a partial government bailout. what is it? we don't know yet, but at the moment both i'm both posted to pick trust. and also the cd trust is he'd be trusted with data we've been trying to contact him back. also across company they have pop the shuttle packing system and create a part of their my, the phone will back on the executive. and so take the, according to that, we might be able to go into a tool and then use that, you know, people for an operational both and so to control and that they are not pick uh picky. go for the s s, i think the maybe acting on behalf of government and directed ages. that's pretty much for sure. but it's not at all yet because i think the knowledge, the lift gate. redmond stay with me because i want to run our viewers through a brief statement by showing young earlier this month. it said that some investment products were unable to be paid on schedule, direct quote,

they're unable to be paid on schedule because of multiple internal and external factors. it did not mention whether investors would be getting their money back. the dozens of angry clients held, we're protest outside the company's offices engaging in august. redmond, just as a reminder, we're talking about people, you know, who bought some financial products, expecting a financial return. and last month in august, they did not get their returns. so they are justifiably pretty angry. how do you read that statement, internal external factors? i mean, is it in terms of the fact that basic space is the cause to have these things? so i think he's not the probably these costs as much as we're storing information and that's what i'm seeing now seek, take and see. see the truck uh, going to the company to be in the boat. and they have to go through the assets. but i think to try and see because the school to the, to the kind of what was director, they tried to come up with something called restructuring pan full i doing wrong.

so it's do we may be seeing but that, but all right, great. can we take something we have to do something last, i think how much of this is tied to the property sector? i ask you this because i think even casual, observe is of the chinese economy. i am among them who will understand that the profit, the sector drive so much of the economy over the last 2 decades, people had been investing real estate developers. and you know, private individuals have been investing in prophecy because the price is going up. but now prices are falling really cheap parts. we did the frontier trinity, and redmond, the, i, i even have those alone to the wireless. and among those i, things that are nice on the estimate is not already. i mean, i'll be sol already. i create them, but it's not like 18 percent of them. i'll probably use i'm on the 2023 then. so is that all people 5 people in sex radians from the show banking system, the trust company as a lot for different products or so. yeah, i mean it's

a foot property the minute and they are you not. and these are the for the stress, the fact our payment, we payment to those a investment product and the shuttle banking system. redman wong. thank you so much for joining us on the program. today you are the greater china market strategist at sax, so thank you. i think it was so the syrian president, bashar assad, has regained control of the majority of his nation's territory. but after more than 12 years of civil war and western sanctions, syria is now in a deep economic crisis. the majority of syrians live in poverty. more than 70 percent of the population needs humanitarian aid. as the cost of living rises, vulnerable, household say that they have had enough. hundreds of people have protested mainly in the southern city of sway to demanding president bashar assad step down. now

this provinces, the heartland of syria's drew's community, a religious minority which had largely refused to align itself with either side during the nation civil war. the protest of now entered the 2nd month echo for 2011 uprising against assad's rule. the syrian government blames its economic trouble on western sanctions, but many protesters is way to blame the government. for 12 years, we endured a difficult and disgraceful life. the state has been dropped. i ask you, bashar assad. when will the people of syria be able to live in dignity? give them i'm of those living and coastal cities. i tell you, don't fear speaking loud voices. and if you can't, because of the shores dogs come to sway to where you can speak freely, the protests were sparked by government measures aimed at boosting the economy. they include the slashing fuel subsidies in raising gasoline prices by nearly 250

percent. the government has doubled salaries for public sector employees and raised the minimum wage to help cushion the impact of raising prices. but the res would only be enough to buy a 3rd of the essential food that the world food program calculates. a family of 5 requires each month. critics of the syrian presidents blame his measures for accelerating inflation and weakening the syrian pound. the currency plunged to a record low of $15500.00 pounds to the dollar last month. it had traded at $47.00 pounds against the dollar before the war. it's joining us from wellington in new zealand is power. i'm shar and economist, and a senior fellow at the new lines institute. sir protests have been mostly in so way that why is that? is that part of the country more impacted than other provinces? i think when it comes to living conditions, the situation in swayed out is as bad as it is. in other words. ready health areas,

i think what happened in sway that continues to be contained there more for social and political reasons, dan, for economic reasons. the price of oil, the price of fuel has been multiplied by more than 3 recently. but here's a surprising thing about that, which is that syria used to be an oil producing country, and now it has to import its oil from mostly iran. how did we get to that point? well, due to a combination of reasons. so most of the oil fields are currently at the control under the control of this year. and democratic forces in the, in the northeast. and the fields that are under the control of there's even have been badly damaged to the conflict. primarily because of the bombing from the international coalition against isis. and basically the syrian regime is unable to fix these oil fields and continue the level of production. so most of

these fields at are operating at production like a production capacity level that's maybe 20 percent of its pre war levels. whose fault is all this? because the protesters blame the assad government for mismanaging the economy and the assad government says it's actually all to do with the western sanctions on the economy. it's obviously, it's extremely complicated and there are a combination of factors about i think if i had to rank them i would say that the number. ready one reason why the country is struggling at the moment is that it starts to read of this here and reason. the reason the country reached to this stage is above all because of the level of violence exercised by the syrian regime . however, even as the conflict at the level of violence, when what happened was the opposite of what you would expect in other context,

the economy deter, rated further still. and that is because of the economic mismanagement of thursday . there is, he is not allowing either its own cronies to operate in the business sector. it's imposing a fines on them, trying to partner with any remaining business that still generating profit. however, obviously there are other factors that contribute to the current living conditions . sanctions is one of them, but it's definitely not among the key contributors to what's happening right crumb stand by. stay with this because there's another interesting part of this puzzle that we want to mention, which is that china as president choosing thing has recently offered to help rebuild syria. that she met the charlotte side in the southern chinese city of the hinesville, which is hosting the asian games. at the moment. assad's rear visit is in an attempt in more than a decade, a diplomatic isolation. also note where the, the syrian president has recently re establish ties with arab nations that once

backed his enemies, the syrian rebels car. and we mention all this because it raises the question, could this be a lifeline? i mean, chinese economic re engagement arab economic re engagement with syria. could that be a lifeline for the syrian a con as well. first, regarding the recent track personal on from regional countries, that seems to be old. but that because this, their energy failed to provide anything in exchange for that, the phlegmatic recognition and the promise of economic aid for china ice and all that time that is doing at this stage is basically just waving the syrian card in, in the face of the west and saying, hey, that's one of the cards that we can actually use. there's this region that you despise, that you're trying to isolate, we can rehabilitate that and work with it. i highly doubt china is genuinely interested in investing in syria. a china has a long history of giving promises and not following on them,

not just in syria and iran, for example. you remember 3 years ago there was the promise of investing over $40000000000.00 in infrastructure projects, and virtually none of that actually happened. so if you look out during those investments and in other sanctions, countries in africa, se sudan before the downfall of the machine regime or in zimbabwe at china, does invest in countries heavily sanctioned by the west. only when there is enough certainty about the political future of there isn't in syria that does not exist. i'm trying to realizes that. so i highly doubt they wouldn't be willing to take any risk by investing in the infrastructure projects that tend to take many, many years to come to fruition. okay, so if there's economic mismanagement, there are sections of the outside world right now is not going to help or as you've just explained, are there any silver linings here?

is there any reason to hope for the majority of silly assyrians were living in poverty? i must admit, i'm not optimistic at all the only way out for the country. the way i see it is through the political transition and the, the main obstacle to that political transition continues to be discerned, routine hope charlotte said, refuses to budget, refuses to give any meaningful political concessions from big one since march 2011 to date. and because of that, i think the living conditions, the economy with all the continued to worse and current shar and economist and a senior fellow at the new lines institute. thank you so much for joining us on the program. thanks for having a demand for uranium fell drastically after the 2011 nuclear accident in japan. and that's because dozens of reactors which rely on uranium across the world were forced to shut down after the meltdown. but the $10000000000.00 market is now

making a strong come back. price is store to their highest level since the focus she met. disaster recently, industry experts or warning of a supply crunch that could push costs even further up in the coming years. let's have a look at the numbers that we're talking about. prices for uranian jumped to nearly $66.00 per pound over the past month. now compare that to the one off peak of almost a $140.00 a pound back in 2007. the uranium price is slumped down to the range of about $20.00 after the superhuman disaster for reasons that we've explained. and then they went up again following russia's invasion of ukraine. moscow is the world's largest and richer of uranium, and the war has also raised risks to energy supply chains. a rush to secure alternative supplies to russia's orland gas has pushed up demand for uranium again . so did the push by governments to go green. countries around the world are ramping up nuclear power capacity to meet their 0 carbon targets. the world nuclear

association expects demand for uranium to nearly double by 2040 alongside prices. the stocks of uranium miners were also rallying by joining us from paris to shed light on all of this is poles door for me and you are the founder and chair of the nuclear consulting group. you're also an associate fellow of science policy research unit at the university of sussex. so we've outlined the reasons why demand is increasing while the supplies not quite matching demand. so it makes sense that the price is going up. that is going to continue for the foreseeable future, correct? a necessary way to say that a 5 to rate invest the space potential for the risk. and that's because all of this, based on the idea that in youtube could quickly help with the colonizer, but according to the government, the but is which is

a strongly pro new to paper to bottom. and it takes up to 17 years to build just one nuclear power plant. so the significant questions as to whether this will continue. um, what does this mean for consumers? because especially since the start of the war, the ukraine war, consumers will be keenly aware that when the price price is of say, electricity goes up. well then, you know, their, their cost of living becomes a much bigger problem. so if the price of uranium goes up and uranium ultimately is the source products of making electricity in a fair few countries, what will that mean for consumers when it has to be understood covered stone, which provides 42 percent of all when you ran, you will wides to react as well. wide the uranium goes via rushing boats and not in bog. there's no question of in bothering any of that content the moment

. so the strategic political ministry. questions associated as well as the one that you've alluded to, which is cost. basically in the short term, this wouldn't change very much for all consumers. the key tool of this is that you can the boss subsidies the built, democratize flag new, you get lots. usually it is being built into modeling controlled states rather like china or what, what about a, well, i was going to ask you about countries like russia, china, india, which apparently you're looking to nuclear as sources of energy in the medium term . that's absolutely right. it's not really the medium to give them the facts. the fact is that the number of states, but clearly that it takes up to 17 years to build just one nuclear power plant, 17 years. so we must ask the question, do we have time?

do we have the money for new care? but in terms of india, china, russia? india is depending on russia. we know what that's in both in terms of the con climate. there's a few outliers, the u. k as usual boys and alpha opponents is potentially thinking about so there's a few sort of outlaws and tons of new here. but actually, when one thinks about to net 0, the international energy agency states very clearly the renewables will do the heavy lifting for net 0, the energy transition. what's the single biggest thing that you want, arg, yours to remember about this when they're thinking about uranium prices and what you said about, you know, where things are headed in the short to medium term. in the short term, you a, it's probably a good bets, but then the model, you know, we know that model is based on believe in boss. a way to say say that the risk associated with this. mm. but the market is the market. the reality is where we're going with net 0. the reality is is that unfortunately,

when you might need to or you don't, it seems very likely the nuclear is just too late for the climate of the energy process. meanwhile, renewables is 14 ahead in us. so those on power little kind of way. so what it looks like very clearly is that the renewable evolution is here and uh, okay, really interesting parting thought. thank you for your insights paul door for me in founder and chair of the nuclear consulting group. thanks for joining us. thank you . and that is our show for this week. get in touch with us on x, formerly known as twitter, at venue, a serial, and do use the hash tag a see to see when you do or drop us an e mail counting the cost analysis 0 dot net, that's our address. but there's more for you online at alpha 0 dot com slash c t c . that'll take you straight to our page, which has individual reports for links and entire episodes for you to catch up. that is for this edition accounting, the cost times several, then yay. from the whole team here in doha,

thanks for joining us. the news on alice's 0 is next. the last year, part of the sun experience, one of the worst floods in the country's history. many rural communities are still waiting for help. hundreds of people on the outskirts of the city of mer has been living under open skies for a year in last year's floods. this road behind me, those fields, the entire area that stretches in this direction was completely submerged. many of the homes and buildings that were destroyed are still rubble. and parts of this

district have started to flood once again the . ready ready name wrong caught in the top stories on how does there as the one security council is likely to authorize a multinational source to haiti. the one year deployment will be led by canyon police. and we'd love to help fight on gang, so you're not control large parts of the country. the government calls for assistance against gangs who control large parts of the country. answering the repeated calls of the member state, facing a multi dimensional crises amid alarming spiraling gang violence with participation from countries all over the world.