Skip to main content

tv   [untitled]    September 25, 2021 12:30pm-1:01pm AST

12:30 pm
gc molecules are added to make the jo and he micro bill then phase of these hydro job base bandages he said is moist. so do with the prevent the wound, phone phone on trading up research a say using waste materials and beast makes production cheaper than that. of conventional bandages, the technology can also be used on other raw materials. the team now hope to commercialize the bandages and scale up production. so turning food waste into something useful can become widespread. florence li, algebra. ah, i don't, there are, these are the top stories. is a major security operation on the way and i've gone to stones eastern city of la bod. multiple people have been arrested. comes after a series of attacks claimed by isis, and i've got a song. some have been debate has more from couple. earlier we spoke to the
12:31 pm
spokesman for the islamic emerald as the taliban called the government. and the majority told us that a major security operation is on the way multiple people have been arrested. they're trying to go off to the perpetrators figured out where they hide out, but it is a major challenge for them as they have taken just about a month ago, the security of eastern and the higher problems. you have to realize that this is an area which is mountainous and hailey, and it is very easy for isom sleeper cells to dissipate in the distance and then come out and carry out these attacks. china has fried to canadians who were being held for nearly 3 years. miko calvin can michael save, or were accused of espionage. they were arrested in december 2018 while a chief financial officer, mom, while joe was also released after 3 years of house the rest. while awaiting extradition, there are points of casualties in somalia after a car bomb exploded in the southern part of the capital. witnesses say the
12:32 pm
explosion happened at the security checkpoint in the home or when district of mogadishu? they said the car was trying to cross the security barrier, located about 2 kilometers from the presidential palace. at least 100 members of to new jersey as largest political party canada have resigned in protest against the leadership. those who have sat down and food deputies and for my members of the constituent assembly, i say the parties leadership is failing to actively engage any common front against what they call imminent vehicle danger. us president joe biden says he takes responsibility for the harsh treatment of haitian migrants on the border with mexico. he says border patrol agents will pay off that they were films. the horse rains against people trying to cross over from mexico. was the headlines and of update for you on algebra right off the counting the cost for shortly. bye bye. across the younger valley, high above the ground. a trouble has taken on
12:33 pm
a different form. people died for they fly. this is no game. it's business. makes the farmers hopefully be swinging high across the valley, facing on every journey. they'll gamble with their lives, just one living. risking it all on al jazeera. ah, hello, i'm adrian said again. this is counting the cost on i was 0. you look at the world of business, or we can all makes this week, gas prices are rising and there's no end in sight as winter arrives in the northern hemisphere. europe gas shortage could cost the world a lot more to keep warm. also this week,
12:34 pm
the rise of crypto currency in emerging markets, despite fanning trading in nigeria usage is rising boucher plans to roll out its own currency and thousands of illegal minors. descended on this andy and mountain parish in ecuador, in search of gold. they left behind a trail of irreversible environmental damage. now the community is fighting against a couple minor backed by the government. ah, there is a little corner of the energy market that gets very little coverage, but after a cold winter in europe last year, the continent has failed to fill in gas storage tanks for the next 6 months. now that failure, percent gas prices surging. and there's very little evidence that their supply to meet demand this winter. it's not just a problem for europe. the rest of the world could go without as rich countries corner the market in a similar way, vaccines this year alone, new york natural gas futures are up 106 percent to
12:35 pm
a high of 5 dollars 20 for 1000000000 british thermal units. its highest in more than 7 years. but the equivalent gas in europe and asian markets costs $25.00 for $1000000.00 british thermal units. storage sites a less than 72 percent for that's the lowest in a decade. or knock on effects. a huge cf industries holdings, one of the world's biggest fertilizer groups has been forced to close to plants in the u. k sparking fears of a looming shortage of ammonium nitrate that could hit food supplies and a shortage of carbon dioxide production could hit the meat to soft drinks industry . what gas is also used to power electricity generation. unsurprisingly, prices a soaring in that market to several energy suppliers have already collapsed in the u. k. governments across europe preparing to hand out money to households to cover the higher winter energy bills. still, consumer groups of warning that the most vulnerable could be hit with fuel poverty
12:36 pm
this winter. according to european think tank rugle, a doubling of wholesale electricity prices from about 50 euros per megawatt hour to $100.00. euro's would imply that the u. consumers pay up to $150000000000.00 euros more for that electricity, and that's adding to inflation repression in the euro zone. according to capital economics since the beginning of the year, the rise of gas and electricity as that it half a percentage point to headline inflation. will some of the blame for the gas shortfall in europe hasn't put on wash up? it's sending less gas via it's pipeline through ukraine, but russia could open its new, controversial nord stream to gas pipeline. the pipeline connecting russia to germany has been opposed by the united states, but german regulators have said it could take 4 months to certify the recently completed project. while to discuss all of this, let's bring in simone. a tally appeared for a senior fellow at the brutal think tank where he research as you climate an energy
12:37 pm
policy. he joins us now via skype from rone. somebody good to have you with us. so what's behind this rise in gas prices then how much of this has to do with europe failing to philip? it's gas reserves. thank you. well, in europe today, finally, a perfect storm. as far as an attorney got marketing sponsor, what could go wrong over the last month went wrong. on the demand side, we had a bad cold winter, which pushed the residential eating demand for gas. at the same time, we had an economic recovery, of course, in europe, and therefore the industrial demand for got when hired at the same time, god was also more and more requested for electricity generation. i got about the 2 things. on the one hand c o $2.00 pricing, europe went up favoring
12:38 pm
a cold gas switch. and at the same time, the output of wing was particularly low due to a very poor. we can all be increased demand in europe at the same time. we have problems on the supply because the european domestic production, easy creasing norway has had some problems. and russia is not standing. all the molecules europe would actually need as that is up to asian started just let us in europe are lower venue in these period of the year high of the new winter season and lot of concern for lead and traders because people now expect a potential gas crunch in the winter should be, but you know, you're also arguing that the way in which the european gas market is structured is, is also a fault here. why is that?
12:39 pm
well, over the last years, the european gas market at become more modern, let's say it moved from a traditional structure of oil indexation in gas contract to both market 80 percent of the european got. so they traded on ease spot market disease. of course, giving great flexibility to the market is a good thing, but in this particular condition, it's for there being pressure on the situation because europe is not the longer the work, asia, you demanding a lot of n and g, and the economic recovery is also happening in asia, and therefore europe as to pay more and more for the gas it was to get. and the 2nd suppliers, like russia, for example, talk about their willingness of favoring a market given that the price that there are even higher than in europe. all right,
12:40 pm
sir, if not stream to were to come on line anytime soon with that help alleviate the problem . that's the political point, because all the situation happens at the time, we're not getting to as being billed and russia is waiting for the certificate ations to start using it. the kremlin said that should not dream to be allowed to operate immediately. the gas prices in europe will go down these the paving, the way for reflection about the weather. russia is using the current situation to foster the cave for a quick entry into operation not, not going to. so the question is, is russia you will be you know, joe political manner in order to remember europe that got that important, that russian got important and not him to is important because it seems to be the
12:41 pm
case. and as a matter of fact, earlier this week, the international energy agency made a statement in which it clearly said the trash can do more to supply europe through the existing operating by brand. which by the way, not booking at the capacity many expected to for the ground in october. and therefore, it's a high moment for russia to show that if he's that reliable supplier to europe. and if we look at prices across the continent above why other you case, gas and electricity prices, the highest you, casey, to ation is particularly difficult in these moments for a number of different factors. for 50 percent of the electricity you generated with gas. and that for the system, but equally attentive to what happens in the gas prices, 2nd aging fleet of nuclear power plant in the u. k. and the theories
12:42 pm
of plan to just you to the need of providing maintenance that was not 14. i've been pressure on gas demand for electricity generation. 3rd, and i think the interconnect are supplying electricity from france to the u. k. got fire and therefore was interrupted. so all of these factors added to the fact that the wind speeds in the u. k. have been the lowest disease on since the 16th main situation, particularly difficult in the country for how should govern going to protect their citizens from higher energy prices can can. how long can they do that for, and how is this going to affect poor nations? in particular? first of all, we need to take into consideration one fact,
12:43 pm
these them for any crisis, if you look at the market, and if you look at the future, for example, at the dot got hub, which is the most important in europe, you will see that trade has to be think that after the winter, so in the spring, plenty, plenty to prices will go down to the normal levels. so here we have an issue with that coming for 56 months. how boy the end of the winter, that the question, what the country, what government can and should do is to put in place mechanism to protect the multiple m a t p. then, and more me, humans, the prices for the price shock. this is what the product sample from been doing, extending the name of energy vouchers. this is what it now is doing by cutting certain costs in the electricity and got beatles for gas commerce,
12:44 pm
families and mon, you meant their prices. and these or the other countries are also doing it is important that these point to protect the most vulnerable to protect your mentor prices, but then not to interfere in the market mechanism because the market will keep working properly afterwards. so be the, the best way to the ends of the crisis. the long term fees for the situation is different. easy to scale up investments and rolling out of renewable energy sources and energy efficiency solutions. summary, it's been great to talk to you on kerry because manufacturing day for being with us . thank you so much. the a community in ecuador has been trying to resist the advance of mining companies, residents from la medistat, and why does not as a pushing for it to be stopped, but, but countries cash strapped government is backing the firms slaves bo reports. lemme
12:45 pm
said they went aside as he says, mold perish in the middle of the end, this mountains in a while. yeah. residents, you have been struggling to defend the community for mining and the damages causes for years. the now the reposing the entry of a subsidy or your view trillion company hancock, prospecting. a firm that has 6 mining concessions in the area to extract copper. the police were recently deployed last year. we had to protect your operations. the you fear gas and violence to control a peaceful protest fully. madame us is a parish leader. she says he has lost hope because know when he's helping them in the fight to protect the community. there when is a village girl, other than when a cyrus has lost all, how is there is no government, no law, any hurts. we want peace and i'm traumatized. we thought the police there was censor, respect us, because there were women, all people,
12:46 pm
but it was the contrary. the police is not for us for the poor, for carmine, the police is for the rich. the people of lemme said they went aside to say, they know what mining can do to their territory. 4 years ago, they resisted when at least 10000 illegal minors invaded the mountains in search of gold and filled the water with mercury and cyanide, and left a trail of irreversible environmental damage. crises for the government to declare a state of emergency. but now with established companies trying to legally enter the territory again, franklin romito is concerned. but on the 3rd of love montane of for us, the mountains, the water is everything, is our mother, is how we can survive. the government is giving all the facilities for the company to come here and destroy the area. nobody asked us whether we want this, the government concession to the companies. question by reported by the controller general of the state environmental group say it was constitution is being violated
12:47 pm
. and if that might be a thought, i wouldn't say that the state is violating the rights of the people to guarantee the work of trans national companies. the state has failed in the past because of the legal mining crisis with him. now they want to bring legal mining, but they are doing it with no previous consultation as the constitution demands president, because they are more or less or has created an action plan to promote legal mining . and it's hoping to exploit over $2900000.00 hector's in the country while or mining chamber says dialogue is the only way out of the crisis. yoko can see there is no industrial in the world and born without those 1st pains. i believe the future of the countries and mining, i believe we have to care for the environment, would be also need minerals. the best way to stop the legal mining is to promote legal and responsible mining by the lemme to say they went aside if people are afraid, they believe their territory will be destroyed and their interests will be ignored
12:48 pm
. once again, several other feeder. the fast moving world of crypto currency, it may surprise you to learn, but the fastest take up is in emerging economies, and we're not talking about speculation here, but for every day, transactions and savings. these are the top 20 adopters of crypto currency. according to chain analysis, it's an interesting study because it strips out trading and speculation and as you can see, the nom tops the ranking with india and pakistan. rounding out the top 3 at galveston is popping up the table. 7th on that list is that his whaler, that's because the local currency has been made effectively worthless by hyper inflation. now the government has come up with a plan to try to fix it. his latin america as a to see him and just like you can't judge a book by its cover, you can't calculate the value of in israel as currency by the number of zeros that are added or subtracted as of october. first,
12:49 pm
this 100 boulevard note will be the highest denomination equivalent to today's 100000000 boulevard. note, that means 6 zeros will be removed from a currency that has been sold to valued by hyperinflation. that it become practically worthless. garments. this is only for the best fit for all of us now are only useful for public transport or nothing else. everything else is paid with us dollars. when his, when his currency costs much more to make than what it's worse, inflation in the 1st 4 months of this year was nearly 300 percent as last year. it was 3000 percent. that's why the country's de facto currency has become the us dollar. but millions of venezuelans don't have access to it by slashing 6 zeroes off its currency. the government hopes to reinstate the widespread use of its own coin, the initial frame, but also been it has certain advantages. these advantages don't generate benefits
12:50 pm
from a strictly economic point of view, that would require a series of measures to control inflation to avoid more recon versions of the currency, the socialist government flashed 3 zeros from its currency in 2008 and 5 zeros, 2018, so deal he'll kill is not optimistic that 6 will do the trick. when i look at it, this is going to become what it's already become. as all the currents is here, because they have all become worth the saw, that is, rayleigh has been experiencing its worst economic crisis in history, reducing bills to single double or triple digit denominations, rather than millions will certainly make prices easier to calculate. but unfortunately, it won't make the embattled believer more valuable. she and human al jazeera, venezuela central bank says that it plans to print video bills that will go into circulation on october. first one, encouraging venezuelans to use
12:51 pm
a digital version of the currency to simplify daily transactions. the currency will be branded the ball of our digital. now the 1st to integrate bitcoin as legal tender was el salvador. the plan has been criticized by the international monetary funds because the fullest how crypto currency could further undermine the country stability. but enthusiasts argue that many people prefer to use crypto cheers or the low transaction costs of sending money overseas like remittances. it's highly unlikely that other countries will follow el salvador, lead crypto currencies, not the same as regular currencies, but some countries are making the transition to e currencies. the bahamas was the 1st to introduce its own. sam, the dollar and china is trying its own a currency. beijing, along with many other countries, is cramping down on bitcoin trading. the fear is that they would lose control of a monetary policy. if crypto currencies are adopted, widely,
12:52 pm
many advanced economies a trying to accommodate bitcoin, and thousands of other tokens rather than banning them will despite a battle in february on crypto currency trading in nigeria transactions across peer to peer platforms have sought from $33000000.00 to $44000000.00 in august, the counter that my jury a central bank has decided to launch its own digital currency the in ira later this year. well, let's get some more analysis on my cheerios decision to launch its own e currency. joining us from lagos is about me, michael, chief executive of the asset and equity group. good to have with us on counting the cost of a me. why has that been such a strong stake? take up of crypt, currencies in emerging markets in particular compared to established markets. nyja is leading in terms of adoption. well, so, but then the add to that the regulators average i didn't create. so generally the control ok regulate wants to regulate. but then crypto does not really have so
12:53 pm
much ways around revelation. so you know, it's more of a cut on dog kind of situation. so it's put on old right now. not like the entirely out of the market or not. that is, it's entirely not the use are all in i junior. what people still wellness find out we are using to to but then officially it was on old around. so nigeria plans to launch its own e currency. how. how do they differ from electronic payments that we're currently making? it's going to be deny rot, mean by the central bank of nigeria directly. so the major difference between the 2 d, on the electronic demand system that we already are going to country, is that the wallet system, the fall of the rock, will be managed directly by the center of the center would be in charge of reducing,
12:54 pm
maintain, and distribution of ira i think guess, situation where most payment systems are managed, controlled on more or less money. so by payment license payment system 3 cheese, operate those within the niger. and do you think the people of nigeria will actually embrace in ira as their means of savings and transactions? oh, they just going to continue to use the centralized script occurrences. why do people love decentralized currency in the 1st day? so people are because shown i've demonstrated to be much more interested in anonymity, in less disclosure, not i've been to go through too much verification or too much restrict shows as to when payment is about is to be initiated. so i see a little bit of some level of
12:55 pm
a locked in, i mean use adoption. but then it's the government when the government into law, you know, if the law and, you know, i listen to one of the died. so the payment odyssey be in, send out a conferencing. it's will be my duty for anyone to accept the you know, because the app is just as much as your normal traditional and i knew there was to be some level of resistance because people don't want to disclose so much. people want some form of lead bazzi when it comes to international transactions, offshore revenue, dances under rest of the if the country has to be value its currency again, at some point in the future. presumably that would impact the currency to one of the oppose i didn't market to deny ross, you know, definitely would definitely have some ripple effect on the normal. 3 or what of
12:56 pm
course we choose to use with changes in the future or not. it is still going to add the same impact bought what impact, what the use of the currency have on the financial sector of an economy. the electronic currency definitely will bring down the cost with the financial off the stem it look, i mean, of course, because the cost of the money is also it costs and the cost of, you know, managing distribution and of course, transportation of cars. they're all these are called suited with money, which when you mean it'd all, it's which, where reduce of cause we transfer over trans live to reduction in middle cost to use as a customer of bands. and what can i do shows. so generally the cost comes down to guarantee is strengthened. i know cause order
12:57 pm
has been as be done, you know, the currency my out on the financial them, for instance, now just leading to game economy. see right now that job will be the 1st african honesty. i mean, i've got a country to issue the currency. i believe very soon done. i issued the us. so i believe is gonna add currency on the currency to be easy. point i juwan to me think i ma'am, it's been great to talk to many facts date for being with us on counting the cost. all right, thank you. and that is our show for this week. if you'd like to comment on anything that you've seen, you can get in touch with, you can tweak me. i'm at a finnegan on twitter. please use the hash tag a j c t c, or drop us a line counting the cost of ounces here, a dot net is email address. as always, there's plenty more for you online at al serra dot com slash ctc. that takes you straight to our web page and you'll find and time episodes to catch up. but that's
12:58 pm
it for this edition of counting the cost. i'm adrian finnegan for the whole team. i joining us, but he is on al jazeera. ah, how many nukes is too many new america has in many ways driven the arms race parties are much more like the british parties. now, there are fewer regulation to own a tiger than their, our own a dog. how can this be happening? your weekly take on us politics and can i see, and that's the bottom line. i prefer to see things for myself. ah, to look at things, not through the lens of politics, but through the lens of humanity. the i've been to the playground where mir rice was shot and killed. i've been to the streets of ferguson a protest.
12:59 pm
i've seen the anger and frustration of so many americans. but what was most clear was a desire for change. you can see black lives matter transforming from hash tag to a movement ah, being a journalist is about listening to people and understanding where they're coming from. following a story, no matter how long it takes, or where i'm christian for, ah, on the streets of greets anti immigrant violence is on the rise, they're all you have to go from. i will tell them that this is from foxes and increasingly migrant. farm workers are victims of vicious beatings. jo reed is helping the pakistani community to find a voice. the stories we don't often hear told by the people who live them
1:00 pm
undocumented and under attack. this is europe on al jazeera. ah ah, this is al jazeera ah, hello, i'm on the inside. this is a new sound. lie from dough coming out in the next 60 minutes. a major security operation is on the way down, often attack against a telephone convoy in the eastern city of july about just hours off of the us reach the deal to relief far away, executive to canadians in prison in china. and.

10 Views

info Stream Only

Uploaded by TV Archive on