most of wasting taxpayer's money at the british rock, ben cold place, sold out show. in manila, philippine president printing, and marcus junior was among the cheering fans by the way. but while the rest of the crowd endured hours of traffic jams to reach the concert, marcus flew in on the presidential helicopter. his office said it wasn't necessary for security. but critics say it was just another example of marcus's tone, dep, governing style. but the thing is, he use the filipinos boxes and watching and causing the beans and analysts say, the incident, gave marcus critics something to focus on on that. and if there's one thing the marxist have long been accused of, it's their use of state funds for personal benefit. critics say the use of a government's healthy copper is in line with the presidents of bringing people off julia's father's 20 years in offering that presidency. often described as one of

the most corrupt in the world. and yet as recently as december of the population was dissatisfied with the high cost of living. when i don't, i don't answer example, right? yes, you problem solve, let's keep the analysts say revive me. the economy is going to be tough, especially after coven 19 that he has done some some diligence. however, we know that the recovery from the pandemic and from the double digit recession of the economy, will not take overnight. but we also know that for ordinary filipinos, economic hardship continues to be the main issue of the day. which is why some of the president's foreign trips have been condemned as ill time and the necessary as commodity prices sword last year. he was the only as the leader to attend the world economic forum and douglas in this year he looks set to continuous jet setting ways

with an even bigger travel budget. pardon below l g 0? many other kenya is government says it will challenge a high court ruling blocking its plans to send police officers to haiti. las the academy of volunteer to lead the multinational force to help cub gang violence. and the count will be a nation, un security council ordered the mission and october for the high colton. i robi says that deployment is illegal. a lot safe from me and i saw was out is there a dot com is that it keeps you up to date with the new stores, the listing seek immediate. she feels like something is wrong. the closest it has ever been to midnight. they won't be met with fire and security rise of anxiety.

are you doing scrolling radio tape, or i'd be that to that just like exploring how x is central threats to life impact the human psyche apocalypse maybe coming soon on outsourcing the although i'm adrian said again of this is counting the cost on al jazeera. you'll ricky, look at the world of business and economics this week from coffee shipments to oil tank because of tax buy, who's the forces in the red seats? disrupting global trade conduct push out prices and few inflation. also this week africa's debt is crippling the confidence. busy it's leaders demanded reform of the global financial system. at the g $77.00 summit plus selling sleep companies are

increasingly investing in the quest for rest. we looked at how bed time is become a multi $1000000000.00 business. now installation was expected to ease in 2024 off the move in 18 months of interest rate hikes by central banks. the most aggressive monetary type thing in decades, spots attacks by who the rebels in the red sea are threatening to push out the cost of living. again. the geo political tensions of disruptive global trades sending shipping the insurance cost soaring, a whitening war in the oil producing region could for the worse and people's finances. but why is the root so important? we'll assume is canal is the quickest see route between asia and europe. but any ship passing through either to or from the indian ocean has to come through the strait of bob, our mind up in the red sea, and the whose the rebels there have attacked vessels transporting goods through that straight. that they say a link to israel. many of the world's largest shipping funds are now taking

a longer journey around africa's cape of good hope that adds at least 10 days to shipping times, and costs companies millions of dollars. well, those additional costs could be passed on by businesses to customers. more than 12 percent of annual global trade passes through the red sea, that's one trillion dollars worth of goods every year, including oil. busy coffee, fruits and attic tronics food and grocery costs could go up if shipping disruption, watson's but it's energy prices. the worry government's the most because they are the biggest risk to inflation. the international benchmark, brent cruise rose briefly to $80.00 a barrel of the us and u. k to minutes. reaction against the who stays in joining us from brussels, frederick erickson, who is the director of the european sense of international political economy vitality with us, frederick doubt, 2024, as we said, was meant to be the but inflation began to dissipate. but with rising tension in the middle east, and there's a tax in the red sea,

is that still going to be the case? well, let's, let's hope. i think, i think that's, that's perhaps the, the most prudent thing to do. i mean, as you said, we all right now in a situation where we have a couple of developments that are pushing up freight costs and a few other costs, which of course i'm making life much more difficult for the central banks that i had to plan for the be, i mean as far as we know, just start cutting the interest rates june 2024. and in fact we try to help economies to recover again from the economic downturns that we've seen since they started monitored type thing. and that point i bit now be delayed, so our interest rates are going to remain more or less where they are now. or do you foresee another spike, like the ones we have, the following, the cobit pandemic, and, and at the beginning of a new crane war, if you look at the bid, the stuff that you buy in the retail store,

dec we're in portage and had been transported to this way it's kind of all um, it's a very, very monitoring part of that cost. that is actually a batch price cost. however, uh, aspect cost is going up. uh, as we see a few of the developments as you mentioned or the price is, has begun to move a bit. and of course, that we have a few other problems. for instance, that the winter has proven to be big cold. and we have more energy demand right now, which is helping to push up energy costs of bits, at least in, in, in, in the, are being a part of the world. that in itself presents a situation where i don't think central banks feel confident that they have control over inflation. and that they know can start to be confident about that. they can reduce policy rates and they trying to sort of be sure that the full, they are now going to start to cox interest rates. and then that's where you have

the economy to, to revive. they need to have inflation down to levels where they are stable and secure at these low elevate levels. but if the whole wide things, god forbid to the, to, to the, the, the, the, why, the middle east region. i mean, that's not going to do anything to help and inflation isn't. i mean, how, how bad could things get so the likes of you, me and anyone watching? well, i mean, there are, of course, so no, or is that we can talk about the 9 to chain, which is going to have a significant impact on the world according to me at large, not just on freight costs and on transport costs more generally. but the laundry regional v in the middle east and all the time. faults of conflicts, of course, that's going to have a very, very usually impact then basically no central banks off the course. they've been on for a couple of months now,

which has been pointing in the direction of cutting interest rates. if that happens, i mean, then we almost like to go to the central bank starting disputing, the economy with more liquidity again. so we are, uh, you know, inflation or assign cold in, in, in more waste and then just that towards the prices are all the costs are going to go further. i'll be back with you in just a moment. but 1st, i want to talk about perhaps what could be described as the opposite of inflation, mouth wash tea bags sausages to name, but a few pack sizes are becoming smaller, but the price has to reduce the practice is known as shrink felician. manufacturer say that it helped make products more affordable for consumers as the rising cost of living begins to bite, but a new study by excellence research company has found that almost half of the consumer, so they'd find shrink flashing unacceptable. with the french, most upset on north america, and europe has the highest rate of dissatisfaction with the practice. consumers in

asia pacific and latin america have shown less discontent. for the moment. the 2 regions, though, have a much smaller proportion of consumers than europe. who said that they noticed shrink flashing pretty well. what, what do you make of, of translation is it isn't here to stay ok, how much, how much smaller can products get? and yeah, so the, the, well, we're going to find out what we look, what i think we talked about them. and there are a few differences across the world here. and these differences in terms of how produces have, have um, uh perhaps to reduce the size of the product. so. ready the other ways in order to find a way to explain to strategy, to balance costs and avoiding to pushover a lot of cost on the consumer in, in countries or in, in region square inflation has been very, very high. i think a lot of producers have been confronted with the realities that even the day pass

on all the increasing costs they have to the consumer. consumers won't buy the products. so they've still wanted to play with other strategies, like for instance, reducing the, the size of the content of the product. for instance, if you talk about food, i think that's being being the most obvious ones. and there's been a few other set of strategies as well, but i think it's been very, very strongly leading to the rice and inflation of the problems connected with finding a way to sort of avoid uh that consumers are going to be, are all the costs because if that's, if that's the case, and there's going to be just a very, very sharp dropping in, in consumer demand, i mean, in consumer purchases of all of these particular products. so i think that's, that's predominantly what we've been talking about to you. then of course you have the more generic developments which web seen over a long period of time, which of course is that, that produces all, you know,

electronics or food or other type of expand to bose are over time trying to size their products in a way that fits with everything from green or emissions, avoidance of food waste. um, uh, and i don't think that's going to be b be changed in, in, you know, anytime soon. but the, the more sort of translation part, i think that's a phenomenon which has been inter metrolink to find facing rates and inflation rates come, come down. then of course, we're probably not going to see companies playing around with that so much anymore . frederick, it's been really good to talk to on counting the cost, but he thinks the dates of being with us now the you and says that africa is public. that stood at $1.00 trillion dollars in 2022. that's an increase of 183 percent since 2010 african nations now spend more money on servicing interest on

the debt. that house or education and many of them are unable to invest in sustainable development. yet the share of official development assistance going to africa is a, it's lowest level in more than 2 decades to address the needs of the developing world, the you and of african leaders demanded before. busy of the global financial system at the g $77.00 summit. my costume sharif reports after does that summit cost a shadow of it? so it's south summit in uganda is capital composite of the group of $77.00. a g 77 represents the was largest intercontinental organization of developing countries in the us. the block representing 80 percent of the population is built inside cooling, financial liabilities. separately, economies are considered at risk of debt distressed by international institutions. un secretary general antonio good to this address be in oakland session. he

criticized outdated financial agency saying they failed to provide a safety net for developing countries in distress, financial institutions and frameworks created after the 2nd world war. still allows me to respond to the body license and the global economy of that's time, as they must view the forms so that they are duly universal, reflect with justice, the realities of today, and that a much more responsive to the needs of developing countries. the team of the summit was to help reduce the widening gap between rich and poor nations. are you an agency says african debt has been wise and get to read. that's constraining difficult. the world bank has sounded an alarm over the continents prospect's g. 77 leaders accused global institutions of lifting help and favoring rich northern countries. uganda and president, we already most of the need to come and check valued member states for unity to

increase economic cooperation. power to push those city points. production of motors, i'm services. how to encourage that that's done in $33.00, dealing with the issue of markets and then the issue of, of, of the infrastructure. but this assumes that to help people bundle as it is which is another issue. because they don't have peace. then we don't, we know that you with this, but i'm gonna say this part of the challenges developing countries phase, the global sell that includes some 130 countries on the rise 77, developing countries from the block in 1964 to promote economic interest in now includes a $130.00 nations with backing from china. this year,

the book is demanding a fed treatment in the global financial system. the consumption we've also sees a for counting the cost. well, to unpack all of that, but join from cost center goals by diode. us a been a who is the see of the global development advisory, a free capitalist godaddy with us at the what do you make then? of the g 77 summit? did it really address the concerns of the developing world, particularly your parts of the world? i think thank you very much for having me. i think the do i need to do 77 and some it was certainly very much why they've gone in the us. they've got in many ways because as you know, the certain cost in their government, the organization that seems 2 or more collective economies interests of its members . and it also it in to sort of strengthen cooperation between this a mile south of globe as us compass and at the same time was so health printing, they're negotiating their capacity. so of course, when they talk about these issues, like the default, the global financial exit,

texture, depth, or climate finance, those i've just read that back. i thought of the applicant agenda. so yes, i think this time it was a much better cost. and the fact that an hour and nothing can come to be, you've been back, he is now checking the g $77.00 the stuff. and he's going to be very much helping the cool in better targeting support for africa as probably it's african members. and for the developing countries that are members of the group, we heard a little bit about it in the report that how did african nations find themselves in trapped and in this, in this vicious cycle of, of that. yeah, so i think maybe before responding, just qualified and yeah, because that's and he's not african countries that packed in there, but many african countries of course they're going to be phasing and increasing. so that's that. but and the reason is actually what um mostly for performing this was the started before the fund damage. so i've seen many ethnic kind of talk is cetera, legitimately the need to respond to development of the mess and the news for him.

so i suggest that needs to respond also to climate shift, surprise, you know, actually got his own so very but to having a sort of, i'm not that much, but it didn't. the funding and when the funding arrives, what's happened? suppose was, it was originally made need to respond to the fund image and that think that was also something that pushed the governments to both of them off to be able to sort of release their populations from the shock of the funded funding impact of defendants and certainly that's how they have been on the, on the, on the burden on the 11th. and i think was so what's happened up to the fund damage was of course the war and you can and also i saw does a boost and that sort of goes so much higher energy and for the price that also a bunch of you did buy a bus stop leading and those costs, but there was so many companies enough that got sent to the need to sort of out of the them subsidize only to get them, you know, the key as recognize the and that sort,

but that's angles because that also does require boring from uh, from domestic market, something to nursing markets and also somebody that their own credit has all of that actually contributed to, to, to the institution, to proceed with that being quite a bit. so that's right. issue. and a big shot, actually, many of the time companies that you're talking about, the high cost of, of living to what extent is this the cycle of dance and the set of things that, that holding the people of, of the continent back. well, i think the, the high level of debt has becky dimension consequences in many ways. first of all, it has a, some sort of a very um, dimension by for you kind of thing. but in the sense that it's actually may lead to thoughts. uh, you know, discovery policy challenges, it may also have to create some of the financial stability risk. and i think this is something that, unfortunately many in depth did congress or countries that i end up discuss are facing. but you also have some, it's uh,

in fact in the sense that it can also cause some and some extent less. that'd be the sort of issues in the sense that the countries that are very much just service thing. hi dennis. i actually may also say somebody sends you a, by some videos, so may face some ability to meant that reserve things. and that's one of these out there. i think quickly about all of that is unfortunately having some very much to be a human being back in the sense that the population of use back in the cost of all of those. um uh, instructions are that i talked about among africa's denounces reform of the global financial system and bretton woods institutions is. is that a far fetched notion of how realistic a prospect is that? especially if these 5 states. yeah, because uh if you look at the disease or no, do you mind that has been made by after they've gotten him any further developing congress from the jew 77 and what is for a long past. and the good thing is that the following is already underway,

is the problem is uh, unfortunately the speed and the visa is not really bad and that i think that's the racks i. many of the time to talk these are very much disappointed ways. but these grand, if you think it's fine, says i've been very fond of the month of the month back. this is part of the form of the global financial, that detective, as we see some moment of your essentially, i think we have seen institution like to the one thing announcing becky, sort of ambitious, or i mean for mazda and of course they need to be best for people for us, it got to be very much it into us and does not necessarily need to get the case given the slowness of the reform process that i talked about. but this is something that the also is something that we see into the issue. i think in depth also the response there have very much slower and this is also something that gives me any concern for many developing countries, not just gonna pick up on any weather around the world that are facing that issue. so yes, i think the quote that was made folks uh that the 77 summit for the 1st 30,

some of the, the sign that she had actually sent to east bed. and my son is a few minutes. and we are hoping that the or the god body's not just the g $77.00, but most of the video binding the g 7. and the brakes also would be very much pushing display have been doing. but i thought that would cost it into concrete progress. don't really good to talk to you on counting the costs many thanks. indeed for being with us. now, good night sleep is everyone's dream. many brands of work and up to the business potential of that they're selling products, services and applications. meant to provide that to us that time, the so called sleep economy is expected to be worth 585000000000 dollars this year . and it's not really big companies that are reaching in profit. imagine being able to make money when you sleep with social media influence. alec shannon says he's done just that learning more than $50000.00 in 18 months by

sleeping up luxury hotels knowing that his account app follow that app on instagram . alex is among a growing number of so called sleep fluency is streaming life footage of themselves under the covers. and it's not just content produces that a caching. and on bed time, a host of brands are trying to profit from people's dreams. products such as high tech pajamas robots of hub blankets. yes, you heard that right now, flooding the market. all of them intended to help you. those off. some of those items can cost cost a fortune. what do you do for a living? yeah, i saw a luxury bad time confidence. we didn't go bets yet. it's the most expensive bed that you sell while we talk about it. $89689000.00 for a king size. some of those beds are entirely hand made, and it takes mazda across about at least 600 hours to make them all the is a made of holes, have exploding topics reported that the global mattress market is worth more than

$50000000000.00 right now. but it's estimated to suppose 75000000000 by 20. so see . but should people even been paying that much to buy the bed of roses? well, the impact of expensive mattresses on a good night sleep is disputed by science. one of the reasons why people buy into the business is it exploding appetite for extravagance. but studies have found that a good nap boosts productivity and could save economies billions of dollars. so there is indeed money to be made between the sheets. a sweet dreams. joining us from the side and switzerland is l as bound to hell, and she's an international sleep expert, an adjunct professor at a business school electra, i am the business school good to have you with us. so what's behind the booming business of sleep? a couple of really big trends. first of all, unfortunately, a lot of us are not getting enough sleep. we see for instance,

that about 35 percent of the population says that they're sleeping less than 7 hours, even though $7.00 to $9.00 is recommended. but apart from that, we also see a general increased interest in our own how then our well being and, and unfortunately, the also to see that people suffer more from stress and, you know, kind of unhealthy lifestyle factors. if you just look at the percentage of people who work shifts, it's about 17 percent and we know that that really messes up your biological clock and hands your sleep in your house. so i think there's a lot to, to fix when it comes to people sleep. and with that we have 4 seats as big trends of advances in technology that make it finally much more affordable for people to track and monitor their own sleep. not everyone at costco affords to buy themselves an expensive mattress,

a the companies that produce those training sleep into a luxury. well, you know, i think one definitely very concerning aspect of this conversation around sleep is the message that sleep is a luxury. we really need to remote, we're move that notion, that's because the luxury and replace it with a true of which is sleep is something we all need. we all deserve and something that unifies us. so we definitely of course, the, some players kind of aiming for that, you know, high end of the market. and we, for instance, also see that those with a higher income are more likely to have a sleep tracker. but that's that you definitely don't need to buy a very expensive mattress to have good sleep. i actually think that a lot of this, you know, sleep is a luxury comes more from the equity that we see. we just see that when people have

no concerns about their finances, they are less likely to get a good sleep, on average, they sleep 10 minutes less a night. so there's a lot of factors that contribute to those who work. share those with the lower income or those in developing countries to have worse sleep. and that's something that i think we should all worry about. is it all in the, in just good marketing or is there some solid science behind all of this? that's a good question. um there's definitely increasingly more science behind it. um, so that's good to see more and more of the start ups and also bigger named companies reaching out to sleep experts to collaborate with them. really running societies to see whether their products are in fact improving sleep. but that's that i would say that's maybe 20 percent of the total market and yes, a lot of it is marketing and i think we should all keep in mind that a lot of us can improve our own sleep simply by behavior change. but in my

experience, people tend to just prefer to buy simple products as opposed to putting in the hard work. ellis, it's been really good to talk to you on counting the cost. many thanks indeed for being with us. you're welcome each end of that. so i'll show for this week if you'd like to comment on anything that you've said you couldn't get in touch with us. i'm at a finnegan on x. try to remember to use the hash tag h a c t c. when you do or you could drop us a line counting the cost of elders 0 dot net is our email address. as always, there's plenty more few online, but i'll just do a dot com slash ctc. that takes you straight to a page and then you'll find individual reports links and the entire episode, steve, to catch up. but that is it. so this edition of counting the cost, i'm adrian taken from the whole team here. and so thanks for being with us. the news which is 0 is next the

this is the 1st genocide that we see. there's a disconnect between what we are witnessing on social media versus what we're seeing on mainstream in the listening post covers how been use is covered in depth investigations that give compelling science into toes to from asia and the pacific one. 0, $1.00 here on out to 0, the, the, [000:00:00;00]

the, [000:00:00;00] the, the clock. this is a new life from to hong coming off in the next 60 minutes. garza's largest functioning healthcare facility grinds to a halt. no medical supplies, limited electricity at nasa hospital with hundreds of patients desperately needs