is that it's eating somebody's fancy also, something of you start off with electricity, it would connectivity. but the, i mean civilians and guys will have none of those. what's what they do, i mean for them is it keeping that heads of life is the number one priority. so, so darn big issues, but the thing is the central thing here, there's nothing surprising about is what is uh, conduct and behavior when it comes to this. but then from a shop community again, why doesn't step up its efforts to really create designated safe zones in gaza? i mean they talk about the more see okay, find a moss i want to say, but his thing is both on mosley, but there's nothing in the mos on is that a doesn't even guarantee that's what i love to offset. i lost the vessel and it's next phase of the world. so if, if this, and see if these ladies of this and see about the safety for us, do not allow international efforts. i don't want to have not the you and the red cross, but at the cross to boys side with whatever resources they need to create the safe designated dentist seen as a decimal company. right. dumber. come with. thank you for joining us in the studio

. this, our human rights organizations have launched a case against the dutch states accusing it of complicity in the killing of civilians. inside garza, the netherlands is facing the legal challenge for its role in the export of f. 35 fighter jet parts to israel. we'll see what's happening and gaza, obviously in the, the thousands of people were getting killed there at the moment. and you know, we were already a pull by the fact that the dutch government just politically supporting what's happening there. but then we found out that they're also supplying elements. so 5 to jets, to israel, despite the fact that they know there is a risk that civilians will get killed by that. so that's where we drew the line and said, you know, we need to go to court to fight this to that. let's take a look at some other world news now, the president of the you in climate change conference comp, 28 has denied that. he said there's no science behind the need,

the phase of fossil fuels. so it's done as other who is also head of the you a state boiler company says the phasing out of fossil fuels is essential. and that his statement that this wouldn't help restrict global warming was taken out of context. it had drawn criticism from scientists worldwide. one statement taken out of context with misrepresentation, misinterpretation, that gets maximum coverage again, i respect the trucks, i respect the numbers and these are the facts on the ground. unfortunately, right, that's it from the federal venue. i will be back in the top of the hour with more of the days news up next on else is 0. is counting the cost the

this is and region that is last weekly develop thing, but it's one also that is afflicted by conflict. police perhaps. we try to balance the stories, the good, the bad. i think the people allow us into their lives, dignity and democracy. as you tell the stories. the hello, i'm adrian, i'm sending and this is concerning the cost. i was just a regular weekly look at the world of business or the comics this week. nothing to return to israel is more on cause it has wiped out in time neighborhoods that produce businesses to rumble. so who compensates palestinians for the destruction?

also there's ranking shrines in germany's constitution, the circle that breaks a sponsor, a bunch of crisis pulls that going from borrowing limits to be relaxed. plus china and saudi arabia agree on that. first, currency swap for many nations are increasingly moving away from the us dollar to central trade. israel sort lenses bump, bump it up, does that has killed and injured thousands of palestinians. the human cost is in your verbal. the total and 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 create a functioning economy. well, many palestinians who have managed to see what remains of that homes during a brief lower, the tax was shocked at the scale of the damage low. and i'm gonna okay, long as you can see,

thousands of residential units were destroyed. the same with other residential complexes in the north where to go where to sleep. this was my house and 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. because i am the, could i ask you how the, my memories is that my home is full? my memories. i would never let it go. i lived for 23 years had i will stay in it. even if i knew small prostate remains yet, if in the degree of this a bust of shocking took me a life time to build this house for me and my brothers, and i just like that. then i'm back to square one. and we are a family of 4 and our house has 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 were now sitting in what was once the kitchen that was the fridge and that the of this is the only area where we could says the

rest is a total rec, what are you in a special russell to a on the right to adequate housing upon a christian roger gopal has denounced as well as widespread foaming of homes and infrastructure in gaza. in 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. the 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 hoff 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 students. the basic rights to education bakeries and

mills in the northern parts of the strip and brought to a standstill due to the structural damage of the lack of fuel and flour, water facilitates across casa, have also been targeted. well, the latest conflict is estimated to cost much more than any of the full previous was on goes up. the 3 week old it began in december 2000, but agent ended in january 2009 cost of 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 cars 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 ready to attack 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 in compensation for the damage cost by it's 1990 invasion of q weight. so who pays for the destruction in concept of how much a of joining us now is a ton of comforts tama is a 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. after all of this, given the scale of the destruction that we've just outlined, are you? yes, there is a chance to 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, double,

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 governance to state and government and this and this. and by default, this is related to how would the plan and implement very construction planning of 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 of the perspective like, you know, the, the 2009, the 1st to the construction, a operation. the dorms that i'm after the show each war and goes up the ledge. nearly $5000000.00 in 2012 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 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 foot unethical awards, these items have to pay because they causes this, this a section on us that they should not i, i believe that this would be account them, that when it comes to 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 what the hospitals government premises ministries. this is 7 for such a name. it's mainly nissan. notice money on say, don't, let's say listen dollars out of dollars and international doors. but listen daughters, especially in the europeans, 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, a stomach countries. so this is tax money when it comes to westland countries,

this is tax money, this is backs money being wasted because of 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 dividends, which is a, it's, you know, that should 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 getting no money. donors now. busy the todd from seeing the money being wasted in every adoption of conflict, motorcycle violence in the person and an 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 have core support for students to be covered. uh, but that has to be conditions of sense. 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 have full size right of the pay it to the side of the israel should

should be paying one out. here we talk about the just the, just for the adjustment, the national system. i mean if the, if you're not have to pay for the weight as implant. exactly. and if, if, if the idea of. busy c, using sees the russian assets for both of us and us as well. so the to the 3 bids 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 only is it or not, i'm not sure to be honest, but i if we live in a just for that should happen is i should be accountable not only for the dyslexia also 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 businesses 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 insurance on the guys. i'm insurance is not the scheme implemented then does or doesn't slow about. so it seems like in other countries in the world. so these are people, i mean, 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 even spoke about financially compensation. people have lost the loved ones. i mean, money will not bring the phones 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. but don't as a not really going to be willing to, to, to invest, to put more money to in, into gaza if there's a danger of this happening again. so that there has to be a political solution alongside a financial is evident. and 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 bonus would still put competing. no, i'm old and i'm all in for human, attending a to pick and now and to be needed to be up scale human to 10 and 8, which is necessity to put my life as water for which of 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 is how much is the going to be empowered or not? that was the, don't need another entity be to fix it up government or a government funded by the be the by the, for the single 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 have reached that scenario where let's say how much is not involved in government goes up. uh, this would be ideally for many less than dollars. well, uh the fuse or to have been very shy of supporting for the students because, well, thomas has control of let's say, the governors governance institutions, correct. uh, other donors like 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 on the how much it would be on the us. but then you'd have $10.00 with some of those on sit. no, no, no. this is a little for me if i'm going to build this and it will be used by officially by hand, that as a part of these will say no, this is a normal for me. i will just focus on a minute then and 8. then we'll end up with the situation of like melting gates, and this will not go well for the 1st thing is because after this route on the last

school 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 god's looking at which means is it a 80 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 materials. but thing beneficiaries of, of the, of a general because is that it has a payment system of doing 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 addressing the media 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. a solid grid stokes. you don't come to the cost, but doesn't these like states of being with us as opposed to

germany, rules limits how much debt 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, 2009 was meant to stabilize public finances. also, the global financial crisis pass. a strict interpretation of the rule of the nation's top cost struck down billions of dollars in time spending, sparking a budget crisis now cools, growing to abandon the borrowing limits. as dominic caden reports from building the this was, this is how jim and he's financed ministry tries to explain. it shows in pens the old debt to break government's comp, borrow a much more than a 3rd of one percent of g d p. each year except in extreme imagine series in siri, the mantra to 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 debt break on spending to show responsibility. and of course, germany has always sort of whacked the finger at other countries and the you that the over spence, 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 on 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 budget and closing comes to a nation 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 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 is having improvise the solutions of 2023 ministers and not having to will account next year's budget and the remote possibility of a $220000000000.00 short form 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 would then they would also have some smaller budget cuts for the clubhouse will to ensure 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 new elections. the new laws dominant came to counting. the cost full in china is saudi arabia. as top trade in part of the largest buy of its oil trade between the 2 nations amounted to more than $106000000000.20. the relationship brooklyn's last year made is of the 2 nation side, 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 hailed by badging as an e. polk making milestone in the developing to chinese, our relations. the 2 nations have recently moved to strength from financial cooperation to they've signed a local currency swap agreement with nearly $7000000000.00, which would 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 a beast. 40 countries will come and see swaps agreements where by central banks land and borrow each other's currencies 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 rec, what amounts are the chinese currency and foreign exchange swaps lines in the 1st

quarter of the year? the spending 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 settled 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. it share a foreign reserves, the amounts of dollars the countries put by for a rainy day has declined to a record low of 58 percent last year. by comparison, china is you, 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 why, oh my god, i'm 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. first, actually it's quite good for a start since we know like china is so looking forward to expand its presence in the, in the region. and of course of the, in the economy recently it's been performing well for the past few years since cove . and then there's a lot of plans for expansion and the vision 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 sport either, isn't it? actually, both of them would benefit a certain, a certain threshold. so 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, cushions who 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 of them for 3 or 4 for saudis, energy. so, so this is definitely this definitely the base of bite of drawers in order to expand this relation that started with it and it could expand to other sectors. there's a lot of, uh, opportunities we know that chinese economy is the 2nd in the world. they're trying to expand. they're trying to recover as much from cove it and of course, so the regular could find a lot of opportunities in the chinese economy. well, also for the vision of 2013 through the beds and uh, the beds and drawers initiatives. also china is looking for more strong partners like saudi arabia. 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 would create opportunities. so

of course having such, such arrangements is good for the. busy for the economy, and if we see a lot of these arrangements happening, you mentioned that china has at least, and that's where i go 40 countries with these arrangements. so this is also facilitating business more and more industries. but it's a drawing and expanding to all of the trainees to call them in the global economy. and this would enter and come back to get the opportunity to more just as conversely swap arrangements and all those like it with china. mean for the us to all of the greenbacks. actually a lot of a lot of the parties are excited about what do you call the diesel that are essentially what we heard about that recently, a lot of the media over, we're still elizabeth far away from that the for just look at some figures. so the us bother reserves around 59 percent of global preserves. i'll central banks to the trade of funded by the by the around 84 percent this year. yes, china is such a need to add increment that china is doing with a lot of counterpart. these are increasing good stores and the enter the enter nationalization of the u one. however,

we're still very far away from just reaching where the ball it is at the moment. ok, so saudi arabia expected to join the breaks nations in, in, in early and 2024. what, what do you make up that is 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 china, they're looking to secure their energy supplies. and this is one second, there's a lot of chances for the full, for these uh, parts is to contribute to the performance about the performance of each other. we know the since you everyone is looking to expand their, their economy, especially new post cobit and all these. we're looking at china looking at india and even with the plans to sell the house for vision. 2013 has made such good uh, strategic members that could help and the prosperity of the kingdoms economy. do you think we could have a society oil sold in it and you want and so is like like the chinese wood uh, were asked me for that and uh you mentioned the constrain his presence wasn't try

and so the velocity and the also but stressed on however, it's still not that easy, this courtesy swap agreement that starting for non or traits. it's good in the future. turn to that, but going into that way. and there's a lot of what your political assessments. but could you ever see, see the day in or is it isn't in the distant future when did 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 of last resort. it's going to happen, but not the force here, but the future is to take season tickets for 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 defendants into the lines. however, just going into it could come and see that with the replace, the bothered at the moment, and the foreseeable future. it's a bit hard while it's been really good to talk to you,

what kind of the call saying here. i think i understood all of that as well. thanks for explaining it so well to some of the financial aid such a 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 i c t c. when you do, or you can drop us a line counting the cost of the 0, don't that is our email address. as always as possible for you online about a 0 don't com slash ctc. that takes you straight to a page. and then you'll find individual reports, links, and into episodes for you to capture. that's it for this edition accounting, because i'm adrian instead of going to go home from the whole team hip, thanks for being with us. the news on al jazeera, this next a settled time upfront takes on the big issue. that is a context to what is happening now. it says

a question about 5 unflinching questions. rigorous the bank that he added to 2 days that another cleansing has taken place. augusta, nothing goes into gauze, and without your permission, nothing leads garza without permission to allow me to push back for a moment, demanding a ceasefire, demanding an end to the root causes of all of this violence upfront. without submits the world slow down. we stand firm as homes with tips of global nickel reserves. indonesia is fois to leave the global, the battery industries. we definitely manage our abundant resources and play a role in solar energy, harnessing offerings, 75 percent of global carbon credits essential. committed to environmental protection, enhancing investment climate, digital licensing, your better tomorrow the

the, [000:00:00;00] the award 0 venue. this is the news our light from coming up in the next 60 minutes. israel's military intensifies its attacks around central gaza,

cutting it off from the areas in the cell. the pull