u. k. central bank has warned and may hit 13 percent this year. will cal thompson is an economist at the center for economics and business research. he says things will likely get worse before they get better. in terms of more immediate support that will probably be the job of the incoming government and in number 10 downing street. they are the ones that can provide payments and cost of living support payments like we've seen, announced earlier in the year, more of which is probably going to be needed in the months ahead. 10 point one percent inflation is is very significant. something we haven't seen since the early months of $982.00, roughly half of the inflation rate is described by household costs. and that's the energy bills. and also transport costs. and that's for dominate it being driven up by pump prices and varied fuel prices. as well as that food prices are now starting to pull inflation the 2nd month in which they pulled up inflation. so prices and energy prices, both through household bills. i'm throughout the pump. the con truth is

u. k. central bank has world may had 13 percent this year. or for more on this, it's bringing connie la maya. she's an economist and ceo of my resources. she joins us via zoom from bern and switzerland. thank you so much for being on the show festival. it seems like every week we keep seeing inflation continue to rise. it can you explain why that is happening? why, you know, a lot of it is, and the entity price is that went up and an oil has come down, but gas in europe has become very expensive. and that then pushes up d inputs for either things for 1st month in consumer goods. the food, you know, they're fertilizer comes directly via directly, via it is produced from gas. and then you need to ship the products, obviously also to the supermarkets. so it starts with energy and it eats its way through the whole air, you know, value check what, what, what if anything, can central banks do to try and time these figures? well, central banks basically have for us to plot them when they said or inflation will be trans transient. and i was thought,

u. k. central bankers won the national economy could be in recession for more than a year. is it released the excessive numbers on thursday and greenland raised interest rates by half a percentage point to try to control inflation. she's now expected to pass 13 percent in the 4th quarter of the year. the largest rate rise in 27 years. banking, expect gross domestic product for next year, and then again in 2024. that would be the 1st time there's been 2 years of annual economic contraction since the sixty's banks, as a recession could last, the 5 quarters ending in the 1st quarter of 2024. that would be the longest stretch since the financial crisis of 2008 and resume and has more from london. the u. k has been worn by investors of bankers and freighters that it's behind the curve in dealing with this crisis, with inflation sets according to one, a one think turn to set to go to 15 percent. very serious indeed. and so you have now a rate that's been the biggest rise since in 27 years. and not only that, perhaps, just as disturbing is an unusual aspect to it all in which the

u. k and, and central eastern european countries are leading the way they are and what is needed now to organize counter attacks and to prevail on the front, on, on, not to the refire homage vehicles. and germany has an industrial base. germany has certain types of vehicles available in storage. and i think any, i'm a vehicle that is now used in ukraine to stop the russian aggression is a better contribution to germany, security than the same homage vehicles standing around in germany. and i, i know i've, we've heard that point made numerous times in the last 6 months, and they, i know they are members in the political establishment here in berlin, who would agree with you. i want to ask you one question before we run out of time, germany lost a lot of trust with eastern european partners with its closeness to russia, and particularly with the north stream to pipeline. is that choice now being regained? i think i think it is very important to read and if you look into weapons delivery is that over the last 2 months, that has been known your commitments by european power such as germany,

u. k. worst inflation for 2 years. central banks around the world have been pushing up rates to curb spending and bring down prices. nato secretary general ends at stilton bugs as russia cannot be allowed to win the worn ukraine. and the alliance must prevent the conflict from spreading members have been increasing defense spending since the russian invasion, germany is gearing up to become the well 3rd largest military spend. after the u. s . and china step boston has more from the, the german army, looks like it's fully equipped and ready for battle in this recruitment video. but a parliament report suggests soldiers are lacking heavy equipment, body armor, backpacks, and even warm on the where we don't have enough tanks. we don't have enough whistles, we don't have enough lanes to be able to even secure the own country. none not even to support our friends in securing europe at the last need to summit in madrid, chancellor, olaf shell sat germany can fulfill the requirements to defend the alliance from what i described as a

u. k. buyer says it will continue supplying russia with a central agricultural inputs, reverse, and course from its previous dance. in march that the company had said that maintaining supplies would depend on russia, stopping its attacks on ukraine. the world's largest seat and pesticide firm said it's move is aimed at quote, helping prevent what could become an unprecedented food crisis. and the un chartered brave commander is said to depart ukraine, fully loaded with wheat. it will be the 1st shipment of food a to africa since heave and moscow agreed to a deal brokered by the un and turkey to guarantee safe passages through the black sea. with war and ukraine has put new pressure on fertilizer prices around the world. farmers are now putting new sources to the test are correspond stuff on siemens went to iowa in us to take a look. ah, you may think farmers in the united states should be as happy as can be right now. after all, prices for their products are weight, wheat corn. so it takes mill, chicken and kettle, crop farmers, and cattle ranchers get maximum returns this year, financiall

u. k . worst inflation in 14 years. central banks around the world have been pushing uprights to cab spending and bring down prices. and j. simmons has moved from london. aside from this increase in the interest rates, which is the highest, the 27 years the highest rise in 27 years. there is a warning of this recession of prediction, if you will, that it will start in the last 3 months of this year. go right the way through 2023 . and that still will be a problem at the beginning of 2024. now this is on a par with the 2008 financial crisis for the u. k. however, it's shallow. that crisis is more in line with what happened to the 19 ninety's, another recession there. what will happen for people in the u. k. will they're going to find that their wages on keeping pace with the cost of living that's already the case. now we're seeing lots of industrial disputes because of that that will continue. the real killer blow though is the cost of energy, and that's down to the russian war against ukraine having a major effect. let's just t

u. k. the west inflation and 40 years, central bank around the world of and pushing rates to cub spending and bring down prices. well, human right? so is, are challenging a controversial housing policy in denmark. the government is enforcing and no ghetto is rule which restricts non weston as from living in certain districts. the idea is to keep areas diverse, but the plan is proven to be divisive with critic saying that it's simply racism under a different name. poorest reports now from copenhagen. mohammed islam is a danish citizen. he came to copenhagen from pakistan as a 7 year old. his children were born here in the meal, nepalese and district, but to drive to abolish so called ghettos has led to the danish government reclassifying citizens along racial lines. with the as lamb family now labeled ika vest, liquor non weston. if she lived in the vessel restaurant country the, than do you have the full, right. and if you lived in the non western country than you don't have the same right near said, very told what to think about. we can make some kind of law in denmark, in my country, it cou

the theme answer we, we see a lot of area is called dry condition all over at west central europe as well as the u. k. d c. so i think more hosting are more concerned the just the before the coming few days, even in germany in areas that were devastated by flooding in 2021. lack of rain is wreaking havoc on the country's main waterway. the rhine lowering water levels of coal shipping disruptions on the river. a major route for products ranging from grain to chemicals to coal. and it has a knock on effect on the economy which is already bracing itself for recession and energy shortages later in the year. this is the worst drought with hit to europe in decades. some say it's the worst in hundreds of years. the results already full cost to be devastating for the continent and an environmental warning for governments to act now, before it's too late. sunday i go al jazeera on ailing beluga whale. the straight into france says river sen has been euthanized during a last ditch rescue attempt. local officials said the decision was made to put the animal down to prevent it from suffering further. beluga was

u. k. and the 3rd to turkey, india central bank has raised its k lending ride by half a percentage point in an effort to cope spiraling inflation. it's the 3rd increase in the last 4 months. a fall in the rupees value is making fuel food and medicine more expensive. tories congress has blocked president pedro castillo from traveling to bug for the integration of colombia and president leg. gustavo petro, embattled ladies facing several criminal investigations. mostly the corruption allegations which he denies says breaking news now in chinese foreign minister one he is holding a press conference at the ac in that meeting and beyond pen. following at tension in the taiwan straits. let's listen him. thus in china to see english. here in israel, who just stay with this until we get the translation. so listening to the things that when they were doing dog pushy, told on the take your call from for the joe. sure. sure is out a problem. pressure direction by being tied to the translation with you shortly was going to be chinese foreign minister. one angel. your thoughts are you sure, richard? yea

u. k . worst inflation in 40 years. banks governor is warning it might lead path 13 percent this year, and even higher next year. central banks around the world of and pushing upright rates in order to cub spending and rain in inflation. andrew simmons has more from london. the u. k. has been warned by investors of bankers and freighters that it's behind the curve in dealing with this crisis, with inflation sets according to one, a one the think tank to set to go to 15 percent. very serious indeed. and so you have now a rate that's been the biggest rise in 27 years. and not only that, perhaps, just as disturbing is an unusual aspect to it all in which the bank of england has actually declared that there will be a period of recession ahead. it's saying the limit for 5 consecutive quarters that's more than a year. there will be a recession with the gross domestic product falling as much as 2 point one percent . the bank has said now this is sending a shudder in the city. it's sort of reminiscent perhaps of 2008 than the global financial crisis. what this is about is inflation. i'm what it's more than important that ever t

let's say central is producing a lot of gas in the u. k. having a, when full tax is just going to pot, send a message to everyone. well, if you invest more into the u. k and u. k, gas product, gas production, which we need really, really badly. well, and you make money, we're going to tax you. the same thing applies to e d, f, for example e d f is making a lot of money out of their nuclear power plants because the, as we know of just the prices are quite high. well, now producing clean electricity, green electricity, nuclear, christie, and why should they be taxed? i mean, basically the messages. well don't invest into these green resources because you're, we're going to tax you as soon as you make some money. well, i notice that the u. s. s. are avoided attacks like this, but i believe the white house hasn't actually rule that out. now, given that biden has had such stern words, well, companies and refiners, what do you make of, of the state of pay there now? well, the united states and obviously is lot more market oriented. and i think al

u. k. of the 3rd turkey bell be inspected off the coast of his stumble as part of the grain export deal brokerage by the u. n. and turkey. indian central bank has raised its key lending rate by half a percentage point in an effort to curb spiraling inflation. is the 3rd increase in the past 4 months, a fall, the rupees value is making fuel food and medicine. more expensive. you can follow those stories on our website. i mean that could loan use in half now next it's the stream to stay with us. a weekly look at the world to talk business stories from global markets to economies and small businesses to understand how it affects our daily lives in, on a counting the cost on al jazeera. i hi anthony. okay, how do you go from syrian refugees? welcome to syrian refugees, go home. in the past 11 years, turkey has house refugees from syria, and it appears that some people's attitudes towards refugees is beginning to change . let me give you an example. this is layla mohammed story. this video about see went viral in june, and i also want to warn you, it's very, very upsetting. ah, i see with mm. what is going on in turkey regarding syrian refu

central africa in 1970. in may, this year the disease spread to the u. k. u. s. and europe. they've now been more than $35000.00 cases, reports around the world. in july, the world health organization declared the outbreak of public health emergency of international concern. joining us now on al jazeera, alive from washington, d. c, is lauren's ghost in his a professor of medicine and founding o'neill, chair in global health law at georgetown university. thank you very much for being with us. there's been a lot of criticism as we heard in patty's report about the u. s. government's response to this monkey box outbreak. one would have thought that the lessons from the cone of ours crisis would have been learned. why do you think and how does us find itself in this situation today? what would have been the mistakes? yes, it's a coven 19. was the, the most complex, hardest case of public health has faced monkey park should have been dealt with very quickly. was the easiest case. we already had vaccines. we already had treatments. we had tests, and yet it was a comedy of errors

unconventional technique helping forest conservation efforts since central mexico would begin with the conflict in ukraine. the leaders of u, the u. s. u k. france and germany, a calling for military activity around these operation nuclear plant to end ukrainian officials say shells. rain down on a city near the atomic power complex. fucking a large fire and cutting power to around 3000 people. ukraine has accused moscow of turning the facility into a military base. france says the russian leader vladimir putin has agreed to allow the you a nuclear watchdog to inspect the plant. particle haine has more from washington when it came to the nuclear power plant, they said they quote, they discussed the situation arounds ever reached a nuclear power plant need to avoid. busy military operations near the plant and the importance of an i. e, a visit as soon as feasible. so knowing what we know about these calls because details always leak out after the fact. what were they likely talking about? well, the leaders probably wanted to hear directly from french president and manual man kron on what he personally thought of his conversation with russ

u. k is also sweltering under extreme heat. the temperature is expected at 36 degrees on saturday. congress is formerly declared a drought in parts of southern central and eastern england following its dry as in july and almost 90 years. but it's not just the europe that's being affected by extreme conditions has also been flash flooding during an unusually severe rainy season. that's in sudan, and these, this extreme weather is killed, at least 50 people, and destroyed thousands of homes out there is bun smith begins out coverage. now with a look at the situation in france, firefighters in southwest friends are using everything they can lay my hands on to beat back these rapidly spreading fires. 75 square kilometers of the year on region looks like this. drought and extreme temperatures have created an easily combustible mixture. lateral navies good at the de risk being complicated, because the temperatures are going up and precipitation is dropping firefighters from across europe. these are romanian, have been drafted in to help fight the flames. this is an area that already caught fire caught fire again to the fire fighters to come back and douse

u. k. her face major disruptions as train drivers go on strike. thousands of employees at 9 rail companies are calling for bit of pie and working conditions. harry force reports from central london, one of london's busiest stations, close the business to the unlucky if constant stream of would be travellers arriving at london, houston. the same story. confusion disappointment, a hasty remaking of plans. but a time when so many a struggling with a mounting cost of living, notably little condemnation of the striking rail workers. people cleaning and listening and working for me can afford it. so maybe this will help. it's a shame, but i think for the great good after a rail holiday through europe, shawn's frustration was with the ro companies as he had his friends struggled to get home to dublin. this was plans, you know, it wasn't, they didn't decide to not turn up to work today. so this absolutely could have been avoided, planned around alternatives offered or at the very least they could have di, listed the trains for today. thousands of red workers belonging to the as left union went on strike on saturday, leaving no services in some parts of the country. are greatly di

u. k. over the ruling to hand over control of the gold was of got the operation of kidnapping infested venezuelan gold deposited in the votes of the bank of england by the central bank of venezuela is shameless and outrageous for the entire venezuelan community. for all the people of venezuela and the whole world must know that there is no legal security in london, nor in the bank of england. that at any moment any country or central bank in the world can be robbed of its international reserves. we spoke to daniel saw professor of latin american in caribbean studies at the city university of new york, who told us that the you case high court decision will home, ordinary venezuelans. this is, make you neo colonial aggression against that as well or against any country that they can't control. who are the court of england in the bank of england to determine what to do with $2000000000.00 the venice willing gold. this belongs to the everyday people, venezuela. that could be used for the 30000000 people of that country in the form of scholarships, investments in education, investments in much needed infrastructure. but this is part of the allow you, a western imper

u. k is former ambassador to mamma is arrest is in the capital jago plus to me, i'm andrew simmons in central hungry and i'll be reporting on a winter crisis that could be facing this country because of russian gas. and in sports, i can gulf off coal says an in the stadiums. it's the new idea being backed by tiger woods. the latest play in a big contest. it could decide who controls the games future. ah. hundreds of thousands of ringo marking 5 years since they arrived to what's become the world's largest refugee camp in bangladesh. they fled myanmar because of a military crack down a wide spread atrocities out as here, as tanya childs rate reports now from cox's bazaar for refugees. life here is challenging, overcrowded and fragile shelter surrounded by barbara fences band from farmer litigation work and travel. refugees said they are frequently harassed by police and camp authorities. violence trafficking, child marriages, and drug related crimes are increasing inside the camp. as there are, cotton fled to bangladesh in 2017. she has 3 children. 2 of them were born in the camp. she was worr

u. k. of the ruling to hand of the control of the gold reserves. got the operation of kidnapping infested venezuelan gold deposited in the vaults of the bank of england by the central bank of venezuela is shameless and outrageous for the entire venezuelan community for all the people of venezuela and the whole world must know that there is no legal security in london, nor in the bank of england, that at any moment any country or central bank in the world can be robbed of its international reserves. we spoke to daniel shaw, professor, lesson american and caribbean studies at the city university of new york, who told us that the case, high court decision will home ordinary venezuelans. this is naked neo colonial aggression against that as well or against any country that they can't control. who are the court of england in the bank of england to determine what to do with all $2000000000.00 the vendors willing gold. this belongs to the everyday people who have been as well that could be used for the 30000000 people of that country in the form of scholarships, investments in education, investments in much needed infrastructure. but this is part of the allow u. k, u. s.

u. k. over the ruling to hand over control of the gold was of got the operation of kidnapping and festive venezuela. gold deposited in the votes of the bank of england by the central bank of venezuela is shameless and outrageous for the entire venezuelan community. for all the people of venezuela and the whole world must know that there is no legal security in london, nor in the bank of england. that at any moment any country or central bank in the world can be relatively international reserves. we spoke to daniel shaw, professor of latin american and caribbean studies at the city university of new york, who told us that the case high court's decision will hum ordinary venezuelans. this is, make you neo colonial aggression against that as well or against any country that they can't control who are the courts of england in the bank of england to determine what to do.

u. k. is about to get a new prime minister. economic crisis must be playing out as a big issue. well it's the central issue now unless trust the former foreign minister is are writing it in a high position right now in the opinion polls. something like 30 percent. i had a risky su knock. who's a former chancellor. he's much more guarded in the way he's approaching the economy . less trust is a promising a tax cuts that he claims just aren't real. they're really sugar coated suites with poison in the middle. it says more or something along those lines. and there is an issue between the 2 contenders. for the prime minister's post decided by what is really a minority. the conservative membership certainly isn't being decided by the people of britain. the issue is the economy. the issue is the cost of living crisis and the cause of it, the cause of it isn't just as i was saying before, the, the actual are trading issues of attempts, a supply and demand. the principal thing is energy. the killer blow is energy, the cost of gas and oil. and of course, the war and ukraine with rushes tactics as they are of

u. k is also sweltering on the extreme heat, with temperatures expected at 36 degrees on saturday. governors formerly declared a drought in parts of southern central in east, in england, after it's dry as july and almost 90 years. is not as europe has been affected by these extreme conditions. flash trotting during an unusually severe rainy season in sudan has killed at least 50 people. it's also destroyed thousands of homes out there as bonus. myth begins our coverage now with the look at the situation in france, firefighters in southwest france using everything they can lay the hands on to beat back these rapidly spreading fires. 75 square kilometers of the year on region looks like this. drought and extreme temperatures have created an easily combustible mixture. casual navy screwed at the de risk being complicated because the temperatures are going up, and precipitation is dropping firefighters from across europe. these are remaining and have been drafted in to help fight the flames. this is an area that already caught fire caught fire again to the fire fighters to come back and douse the flames. one of the challenges for them is because the t

u. k. is biggest container port on strike, the better pate raising fields of supply chain problems for and how coughing down these trees in central mexico is actually helping with conservation efforts in sports ukrainian. alexander, you sick remains the had to wait while champion and we've got premier league action is chelsea. yeah. hamad by lisa. well i'm just a city a given a scab, newcastle ah, lead is of the u. k. u. s. from us and germany have stressed the importance of keeping ukraine's nuclear side faith in the joint. foreign cold, i urged military restraint around europe's largest plants. that's the parisha go live now to petty call haine who's in washington, dc. patty, what can you tell us about this call? well, you know, these readouts from the world leaders are always coordinated. they always come out on the same time. they use a lot of the same words. just that to send the message that they don't really want to tell you exactly what it was talked about in the meeting. but when it came to the nuclear power plant, they said that quote, they discussed the situation around ever reached a nuclear power plant. need to avoid

u. k bound containers in european ports, so that will of course make a big impact. and behind all of this is a wider argument between the government and the central bank, the bank of england on the one hand and unions on the other about what a really large, rounded way drivers will do. there is fear among the governments in the bank of england, but it could embed the inflation that is so far being generated from offshore external events. and the company has accepted that the bank of england did come to see them the other day and mentioned that very fact if not an outright instruction not to give a very large pay rise as far as the union is concerned. that is nonsense the, the corporate profits are the real generator of inflation and their work is simply need to keep pace with the cost of everyday living. hurry for that in felix day. thanks very much for that update. t pickers in bangladesh have gone strike to demand the pay rise as well that amongst the lowest paid workers and inside the more than a dollar a day, the union wants a wage hike of 150 percent. it's rejected. the government's latest offer of an extra $0.25 a day. for the child reports

u. k. this weekend because drivers have gone on strike thousands of employees at 9 rail companies, according for better pay and working conditions. high false reports from central london, one of london's busiest stations closed the business to the unlucky if constant stream of would be travellers arriving at london euston. the same story confusion disappointment, a hasty remaking of plans. but a time when so many a struggling with a mounting cost of living, notably little condemnation of the striking rail workers. people clearly are listening and working for people saying we can't afford it. so maybe this will help . it's a shame, but i think the great good after a rail holiday through europe, shawn's frustration was with the ro companies as he had his friends struggled to get home to dublin. this is plans, you know, it wasn't, they didn't decide to not turn up to work today. so this absolutely could have been avoided, planned around alternatives offered or at the very least they could have di, listed the trains for today. thousands of rent workers belonging to the as left union went on strike on saturday, leaving no services in some parts of the country. are g