ops on friday as well, or calls this a support front and it says that it will remain active as long as the attacks against, as well continue in gauze on both sides. know that escalating this conflict would cost each other dearly. they went to war in 2006. you can see more artillery shells, more white foss, 1st artillery shelves. sometimes israel used this is use this as a military tactics to burn the bushes in the fields or to try to target what it calls hezbollah sells in. in, in the area, the french presidential envoy was invaded with a few days ago speaking to loving these officials, telling them about the dangers of an escalation, saying that the, this conflict could spreads beyond south lebanon. we've heard from these officials inform lebanese officials that israel would like to see a little bit on implement, un resolution 1701, which means that there can be no armed presence along the border,

some 20 to 30 kilometers deep inside the country. so it is a very, very, a 10 situation that could change at any turning point. but right now both sides seems to be careful. i mean, we heard there's really government spokesman a few hours ago. say that we are ready to reply to any threats or react to any threats. so it's still not clear how far these turing sides are willing to go. but for the time being, it's a very much active uh, front line along the border with tens of thousands of people have had to leave on both sides rounds of revolutionary guards as 2 of its members have been killed in as ready as drugs in syria. that says they were ministry advises that the fast reports of rainy and casualties, the since the war and cause it began earlier on saw today, syria said that it's a defense is repelled and is rarely work at the time near damascus. so in other news, 4 people have been killed and 9 injured in an explosion in southern philippines

that happened in the gymnasium where students were attending a catholic mass at a university. the region has seen fighting between the military and the homes, groups linked with i. so in recent years, university have suspended o classes and now i think you employment some in do 550 oil companies are representing nearly half of the global production have pledge to reach new 0, maintain emissions by 2030 most agreed and routine binding of natural gas when drilling for oil, environmental groups have cooled and they have a large screen. okay, that's it for me. my name's, i'll be back in the top of the, with the what happens in new york has implications all around the world to make these

stories resonate requires talking to everyday people from mayor of the city and i was doing away with the 1st year that was supposed to get everybody off the street, it's international perspective with the human touch zooming way in, and then pulling back out again. the other one, adrian said again, and this is counting the cost. i was just a regular with the look at the world of business. at economic this rate, nothing to return to israel is more on cause it has wiped out in time neighborhoods have reduced businesses to rumble. so who compensates palestinians for the destruction? also, there's ranking shrines in germany's constitution. the circled debt breaks, a sponsor, a bunch of crisis pulls occurring from borrowing limits to be relaxed. plus china

and saudi arabia agree on that. first currency swap on many nations are increasingly moving away from the us dollar to settle trade. israel's relentless bump, bump it up. does that has killed and injured thousands of palestinians. the human cost is in your verbal. the total on infrastructure is massive. simply absolute destruction of a lack of basic requirements to sustain life and time. neighborhoods, homes, schools, hospitals, churches, and most of all been targeted. whoever runs guns off of the war. and this will have to rebuild the strip and creation of functioning economy. while many palestinians who managed to see what remains of the homes during a brief lower, the tax was shocked at the scale of the damage. okay, long as you can see, thousands of residential units were destroyed. the same with other rest ritual complex's in the north and where to go where to sleep. i know this was my house.

now my family and i are homeless. many are still buried under the debris. i cannot even pick some of my clothes from under the rubble to put on my back. however, we are not leaving. we are holding our ground. even if i live in a tent, i will not abandon my homeland. could i add to the, could i ask you how the, my memories that my home is be my memories. i would never let it go. i live for 23 years and i will stay in it. even if i need small prostate remains yet. if in the degree that it's a bus of short took me a lifetime to build this house with me and my brothers and then just like that, then i'm back to square one. and we are a family of 4 houses, made up a full floors. the ground floor was a commercial show. my brother lives with his family in the 1st floor, while the other brother on the 2nd, my family and i live on the 4th floor when i was sitting in what was once the kitchen that was the fridge and that the oven. this is the only area where we could save the rest as a total wreck. well, the u. n. a special russell to on the right to adequate housing of christian roger gopal has denounced as well as widespread foaming of homes at infrastructure in

gaza. and a recent report, he said, carrying out facilities with the knowledge that they will systematically destroyed and damage civilian housing. an infrastructure rendering an entire city such as garza city uninhabitable for civilians. is a war crime. this multiple sources have reduced figures on the extent of damage to infrastructure. satellite analysis by 2 researches at the c u. n. y graduate center at oregon state university shows that they the costs of old buildings across northern garza, have been damaged or destroyed. the un says that many $45000.00 housing units have been demolished out of the strips. $36.00 hospitals, $28.00, no longer functioning. 279 educational facilities have been affected. depriving bolden $625000.00 students at the basic rights to education bakeries and mills in the northern part of the strip and brought to

a standstill due to the structural damage of the lack of fuel flour. water facilitates across casa. i've also been targeted. well, the latest conflict is estimated to cost much more than any of the full previous was on guns up the $3.00 week rule that began in december 2008 and ended in january 2009 caused destruction announcing to $2000000000.00. that's according to the world bank, from us, says the 8 days of his ready attacks and 2012 cost because at $1200000000.00 daily, $6000000.00 was estimated to be the cost of rebuilding garza after the 2014 war and the damage of economic losses, pharmacy is really attract in 2021. amounts of to more than half a $1000000000.00. western countries have considered using frozen russian assets to rebuild ukraine. last year, poland demanded more than one trillion dollars in world war 2, reparations from germany. also in 2022,

iraq completed the payment of more than $52000000000.00 and compensation for the damage cost by it's 1990 invasion of q weight. so who pays for the destruction in gaza? of how much a of joining us now is a ton of comrades. tom is the system professor in public policy and administration of the doha institute for graduate studies. godaddy with this on the, on counseling the cost is going to even going to be habitable, off of all of this, given the scale of the destruction that we've just outlined. are you? yes, there is a chance that will be happy to. but if an urgent editor cover the and, and the construction plan is initiated, immediately after the end of this war. so the sense there is a sense, of course, i mean, i mean, governance of lower level. so there is no plan, be forgotten. and so we have to believe that it has to be happy to vote. and i don't know about police like any other place in the world. i'm just depends on the dimension of communities when to create norman can use. if the social

economic conditions for guidance to stay engaged and this and this and by default, this is related to how with the plan and implement that construction plan which goes after this war and who, who makes those plans. how much of those plans going to cost to is the rebuilding going to cost and who pays? so just to give the view is a perspective like, you know, the, the 2009, the 1st, the construction, a patient, the dorms that i'm after the show each war and goes up the ledge. nearly $5000000.20 costs little patient. there was 3 point to the pledges as well. so didn't the size, the sheer size of construction. now we have literally talking about something similar to what's called a new motion that for the, for the guys that this might exceed 50 billions plus, you know, so it's

a huge amounts of money, of course. but as soon as we're not be, if, if we live in a fit, unethical awards is there it is, have to pay because they causes this, this a section on us that they should not, i, i believe that this would be a compliment to, it comes with this because most of the destruction that's happening does this has private ownership and also the aids and donations that came to support the prostate solution since the beginning of also 1994. so we're talking about with the hospitals, government pharmacies, ministries, this is 7 for such a name. it's mainly nissan. notice money on say the say, listen dollars out of dollars and international doors. but listen, daughters, especially in the utah, gives you the was one of the largest doors and i've seen in authority, followed by, i mean, the americans of japan and then out of dollars, you know that the, the gulf countries, you know, stomach countries. um, so this is tax money when it comes to westland countries, this is tax money, this is bucks, money being wasted because it is there as actions and is that i had has no limits

when it comes to this because the, the, the, the subjects or the issue of protecting a dividend, switches aids, you know, that's to contribute to peace should be brought in to add to the discussion of the paper by the donors on these ladies. i mean, because there is dullness which, you know, many dollars. now, the todd from seeing the money being wasted in every adoption of conflict or the secular violence in the person in occupied by this time. so that has to be a discussion with this not. i mean, especially in the future of guys after this, what is the, what else would be very blunt about it and say, we went into this, we would of course, support the students to be covered. but that has to be conditions as then. so i'm going to be 3 age special needs for these ladies. this is ready for it to be forced to pay the man who attends, who's going to force as well to pay it to the side of the israel should should be paying one out. here we talk about the just the, just for that as i sent the national system. i mean if the, if you're not have to pay for the weight as submit. exactly. and if, if,

if the idea of. busy c, using c's doesn't estimates for both of us and us as well. so the to the 3 bits you claim, then we have a precedent that it should continue with this. we are correct. but the thing is that the national, well, what's the comforters? mainly percent countries ready to use this on easily or not. i'm not sure to be honest, but i if we live in a trustworthy it should happen is i should be accountable not only for the dyslexia for human losses, all these certificates. i've lost that wise. they have, they have to be compensated for them. so i was going to ask you about, you talked about personal on the ship as well. a lot of the property that's been that it's been destroyed was, was personally a privately owned us. if it fits it's not, your business is organizations. i mean, even if they could have gotten insurance, it engulfed. so it wouldn't paid out because this is an active or not socially. people need to be compensated for the individual last, it's not just of, of, of property but for the lives lost as well. yes, exactly, exactly. i mean, those for just, i mean, just for you of us. so there's no issue. definitely, guys, i mean,

showed us is not the scheme that implemented them guys old governance law about so it seemed like in other countries in the world. so these are the people, i mean, who psychologically they have to suffer for the loss of their loved ones that houses the properties, the needs of income. and so, so yes we so, i mean, i mean, i mean, it's hard for me to even talk about financially compensation. people have lost their loved ones. i mean, money will not bring the last ones back to life, correct? i mean, but please that's the least don't, i should do at least to, to, to, to, to try to help them to get back to the, to the likes, the, and also, and you talked about donors putting the bill for some of the, of, of the reconstruction costs i don't, as i'm not really going to be willing to, to, to invest, to put more money in into garza, if there's a danger of this happening again so that there has to be a political solution alongside a financial. yes other, this is an excellent point. i mean, uh yes, i mean it would be another waste of resources and energy if, if, if money comes in

a flash drive conflicts like, you know, that doesn't mean that the dentist would stop interviewing. no, i'm old and i'm all in for human, attending a to pick and now i'm to be, i need to be up scale human to 10 and 8, which is necessity to put a license for the for which is the load name it's, i mean, so this is a must be perfectly people alone and the situation was this florida was over again . and this is a big question because we don't know everyone is spoken to about a future that age. most of us to govern guys, old guys after the war. we don't know what's going to happen. what's the political outcome of this war? meaning if how much is the is going to be empowered or not? that was the don't need another entity beat that picks up government or a government funded by the be the, by the financing. i thought of the little guys, we don't know. i mean, there are so many scenarios that are being discussed but, but, but, but we don't know which that idea would it be the feasible one the most because of the one cause the, what is the probability of next year. so however, if we had each scenario where let's say,

how much is not involved and government goes up, this would be ideally for many less than dollars. well, uh the fuse all have been very shy of supporting, but the thing is because of how much is control of, let's say, governance, governance institutions, correct. uh, other donors back to see out of dollars, list them dollars. they don't have any conditions. they support any projects. so that's if, if, if, if, if, if i'm going to speed up building is, is damage, not what was was. but i'm getting this for some odd dollars, will say i got a bill that i have no problems, even if it's something how much it would be on us. but then you'd have $10.00. what sometimes those no, no, no. this is a little for me. if i'm going to build this and it will be used by officially, by how may have supported these, those say no, this is unable for me, i will just focus on a minute then and 8. then we'll end up with the situation of craig benting gates, and this will not go well for the 1st thing is because after this route on the last good of destruction, we need the systematic comprehensive reconstruction plan that really that because

everything's together and it's not about just reconstructing what that been a bump or damage. it's about creating a sustainable future for guys with yeah, which means is the only met it's the, the control measures it'll blow kids uh have to be also at the us. i mean, isn't a kind of typical problem over the borders and also it's controlled over to see that the construction process by delaying materials fitting that. that is the thing beneficiaries of, of the, of a general because it has a payment system of knowing this, delaying the satisfaction with you. so we need the supplemental because it's about the good thing. so saying the benefits of does a lot just at this thing, the median outcomes afford, but also creating an environment for it does have to be a normal country, a normal slip, like any other countries in the world that's destination. so great stokes you will come to the cost less than any. thanks steve for being with us as a 1st time and somebody who's limit how much depth the government can take on the constitution caps budget deficits at north point 35

percent of g d. p. except in an extreme emergency, the so called depth break was an accident. 2000 bind was meant to stabilize public finances. also, the global financial crisis passed a strict interpretation of the rule of the nation's top cost struck down billions of dollars and time spending sparking a budget crisis. now cool, so growing to abandon the borrowing limits as don't that came reports from building this is how jim and he's financed ministry tries to explain. it shows and plans the old debt to break government's count, borrow much more than a 3rd of one percent of g d p. each year, except in extreme imagine series. in theory, the mattress administer is pretty simple. live within your means. in practice, it's proved anything, but it was bank of america is government that enshrined the debt break into low during the credit crunch. they felt it necessary to anchor something in the

constitution that put a desperate on spending to show responsibility. and of course, germany has always sort of whacked the finger at other countries and they use that um over spends, you know, and broke you that rules, but not with the fingers being wacked to the government. here in berlin. because when finance minister christian men tried to use and spend money borrowed to fight cove, it to finance climate change policies. the supreme colton causes what rule that to be unconstitutional. leaving a multi $1000000000.00 holes in this year's project and causing consternation and capital markets such a german budgetary policy is a bit like satirical reality. it is important that we get back on reliable ground relatively quickly. it is unacceptable that one of the largest industrialized nations allows itself to pursue a budgetary policy that is constitutionally questionable the political effective, the cons who a ruling is also profound. something would have shots,

himself acknowledged in parliament, was 4 times shop. and then this ruling creates a new reality for the federal government and for all current and future federal and state governments a reality. however, that makes it more difficult to achieve important and widely shared goals for our country. having improvise the solution for 2023 ministers and not having to account next year's budget and the remote possibility of a $220000000000.00 thoughtful, which could mean the need to slash spending. there might be some cuts for benefits for the richer people in the society that could be one way out. and that's what's um then you would also have some smaller budget cuts for the clubhouse will to insure the one on the list says behind close those political leaders here, i believe the law should be made most suitable to the days realities. any politicians agree that we need a change of that clause,

or an integration off this investment falls into the, into the debt break, or maybe even get rid of it and come up with something new which is more appropriate to solve the challenges we are facing in germany, but to do that, the coalition government will meet the help of the main opposition party in both houses of parliament. and so far, at least its leaders seems to favor the new elections of a new laws dominant came to cancelling the cost full in china is saudi arabia's top trading. part of the largest buyer of its oil trade between the 2 nations amounted to more than $106000000000.00 in 2022. the relationship brooklyn's last year leaders of the 2 nation assigned a comprehensive strategic partnership during a visit by the chinese leaders, fusion thing to re add the agreements with billions of dollars included collaboration on infrastructure projects. and technology was held by badging as an

e. polk making milestone in the development of chinese, our relations. the 2 nations have recently moved to strength from financial cooperation to they've signed a local currency swap agreement with $97000000000.00, which will be valid for 3 years and could be extended several countries in the middle east signed some of the agreements with china over the past decade, including castle, the united arab emirates at egypt aging is believed to have the largest network of currency swamps. with at least 40 countries will come and see swaps of agreements whereby central banks land and borrow each of those conferences on a specified data. then exchange the money back. as an agreed interest rates, china swamps are seen as part of it's pushed international lives, the one global center. the banks tapped a record. amounts of the chinese currency and foreign exchange swaps lines in the 1st quarter of the year. the outstanding balance of all foreign currency swamps was more than $15000000000.00 by the end of march. that's according to the people's

bank of china. the jump came off to a growing number of countries move to settle the trade with china and local currencies in a bit. to reduce that reliance on the us dollar on the greenback remains the most traded currency by far spot, its share of foreign reserves. the amounts of dollars that countries put by for a rainy day has declined to a record low of 58 percent last year. by comparison, china is one stands up less than 3 percent. the chinese currency is still behind the euro, the japanese yen. and the british pound, well joining us here in doha is while my current is the financial market strategist lead at the global multi asset brokerage group, x, that's good to have you with a set while flow. $7000000000.00 is a huge amount to the likes of you and i, and even watching. but in global economy times it's are going to be small amounts. so how significant is this currency swap arrangement between china and saudi arabia?

of thank you, adrian for the invite 1st, actually it's quite good for a start since we know like china is looking forward to expand its presence in the region. and of course i'll be in the economy recently. it's been performing well for the past few years since cove and there's a lot of plans for expansion and division for 2013. so definitely it's a good a, it's a good arrangement of going forward. as you mentioned, it's 3 years arrangement and could be even, but it, but it who is it better for you say that the saudis economy is, is on the rise, china or something, but isn't, isn't it isn't a split up either, isn't it? actually, both of them would benefit a certain, a certain threshold. for example, if we take into consideration for saudi the exports of saudi arabia, towards the china, there been increasing at the base of at least 13 percent for the past years every year. and this has something very uh, crucial to have such a new arrangement that the other side china is looking to secure its energy supplies. and we know that china is the top import, therefore for saudis,

energy. so, so this is definitely this definitely face of white enroll in order to expand this relation that started with the edited. it could expand to other sectors. there's a lot of, uh, opportunities we know the chinese economy is the 2nd in the world. they're trying to expand, they're trying to cover as much from cov, it, and of course, so the regular could find a lot of, of the trend is in the chinese economy. one also for the vision of 2013 through the belt and the best and drove the initiative. also, china is looking for more strong partners like how do we go? so what are the implications of this, this, this new found the relationship between the 2 countries for the rest of us, for the rest of actually like having more of these relationships it's, it's better for the global economy because this would facilitate to trade and also would make it easier to do more investments and this, which creates opportunity. so of course, having such, such arrangements is good for the, for the economy. and if we see a lot of these arrangements happening, you mentioned that china has at least,

and that's where equal 40 countries with these arrangements. so this is also facilitating business more and more industries. but it's a drawing and expanding that all of the tray needs to call them and the global economy. and this was in turns come back to get the opportunity. and what does this conversely swap arrangements and all those like it with china? mean for the us dollar, the greenbacks, actually a lot of a lot of parties are excited about what do you call the the literary session, what we heard about it recently a lot on the media, however, were still elizabeth flawed. away from that the for just look at some figures. so the us bother reserves around 59 percent of global preserves all central banks to the trade of funded by the fatherhood around 84 percent this year. yes, china has such a deep increment that china is doing with a lot of counterpart. these are increasing gets thrown. and the enter nationalization of the one, however, was still very far away from just reaching where the ball there is the moment. ok, so saudi arabia expected to join the breaks nations in, in, in early in 2024. what,

what do you make of that? it's not a natural fit for saudi arabia actually is. it's a good uh, it's a good stuff because bricks are looking to, especially with the look at india and kind of, they're looking to secure their energy supplies. and this is one second, there's a lot of chances for uh, for, for these a part is to contribute to the perform better performance of each other. we know the since the everyone is looking to expand their, their economy, especially in post cobit and all these we're looking at trying to, we're looking at india and even with the plans to sell the house for vision. 2013 need such good strategic numbers that could help and the prosperity of the kingdoms economy. do you think we could ever see savvy oil sold in it and you want and so like like the, the chinese what we're asking for that. and you mentioned the attorneys presence wasn't try and saudi velocity and the also but stressed on that. however, it's still not that easy, this courtesy swap agreement that starting for non or traits. it's good in the

future. turn into that. but going into that way, there's a lot of what you're political assessments, but could you ever see, see the day in or is it, is it in the distance usually that will happen or the near future where buying a car and say like b one would replace the dollar as the preferred international currency of last resort. that's going to happen, but not the foreseeable future if it takes usually a decade as far as what, according to the place, the dollar, because the flow for many factors. however, yes, after the crisis that we've seen and you'd have a lot of countries are looking to reduce that alliance and dependency on, do you spell it? and then based initiatives that are part of this unwinding of the dependency into the lines. however, just going into a could kinda see if that would replace the boulder at the moment and the foreseeable future, it's a bit toward while it's been really good to talk to you what kind of the cost same year. i think i understood all of that as well. so thanks for explaining it so well to some of the financial aid. pleasure. thank you. and that's our show for this

week. get in touch with us. if you want to comment on anything that you've seen, you can tweak me on x on a so they can try to use the hash tag h a c t c. when you do or you control is a line counting the costs. and i'll just here with on that is our email address, as always as possible for you online at alger 0 dot com slash ctc. that takes you straight to our page. and then you'll find individual reports links and into episodes for you to capture. that's it for this edition accounts with the co sign, adrian. instead of going to go home from the whole team here, thanks for being with us. the news on al jazeera, this next of course i. that's what a you home feels like a prison. his house is in the occupied westbank village of bid. it was built decades before this illegal israeli settlement began imposing harsh new reality.

first, encroaching on his farm land, then completely in circling what his family sees as haven. this gate was installed in 2008, and for a while, members of a family have to wait for hours at a time in order to get permission from soldiers to leave or return to their own home. eliza kindly and in the older guard post manned by settlers, they tried to prevent anyone from getting into the house. they tried to prevent the kids from playing into frontier. and is really court eventually gave that a family constant access to this court door. but after he is real launched its war on gaza. the family has been told that their access will once again be taken away from the mountains. he has opened the gates of hell all the seats. he's having orlando's effects, as the world discusses how to reduce emissions. supposing an existential threat to humanity, a new oil rush is displacing. you've got the people empower,

investigates, the relationship between the mikey oil giants of the global notes and the developing nations of the global south crude mistake. talk to one of the 2 on just the israel is a tax on goal is a continue as often is strongly killed, more than a 100 policy indians, the jabante a refuge account. you killed out children. we are our children. we is on money. we owe our homes, we want to do, you want to live in safety, the inside you. this is dollars. is there a life and also coming on.