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tv   [untitled]    September 26, 2021 6:30am-7:00am AST

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68 bodies of flexible victims have been recovered so far in this cemetery alone, up to 500 could be here. it will be an arduous task to finally reunite the living with their dead. alexander and the al jazeera, with the video. ah, hello, i'm emily. ang, with the headlines on al jazeera wiley's prime minister, has accused france of abandoning his country, as most troops prepared to lay with speaking of the un chug, well cook island. my ego said he government is justified in seeking other partners, referencing a private russian military contract. malignant principally concert does molly regret that the principle of consultation and concentration which should be the rule between privilege partners? it was not observed before the french government's decision, the new situation resulting from the end of operation by honey,
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which presents molly with a fait accompli and expose of it to a kind of abandonment in mid flight leads us to explore ways and means to better ensure security, independently or with other partners. so says in yemen have told al jazeera that hershey rebels have hit a neighborhood in maria with a missile. and an drone causing a number of casualties fighting has been intense upon intensifying for control of the cd, which is the government's last northern stronghold. at least 3 people have died after a passenger trains and wild in the us state of montana. it happened in a remote part of the state, at least 4 carriages chipped over the track train was on his way from chicago to seattle. a chinese take executive has returned home nearly 3 years after she was 1st attained in canada. while ways chief financial office among one, joe was grated by large crowds in shins. in soon after her release,
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chicken aliens were afraid from prisons in china, canadian prime minister, just intruder. i met the 2 men. as they landed in calgary michel coverage and michaels favor were detained, accused of espionage. not long after among one joe was arrested in canada. and germans will begin voting and parliamentary election in just under 3 hours time. outgoing chancellor, anglo merkel rally to for cd. you candidate and la shay in the western city of hen social democrat, lew shoulds also held his last event in pub stem outside berlin. the volcano on the home island in the canary is continuing to produce loud explosions and as ash class . as you can see from these lat live pitches. that's all from us here at al jazeera . thanks for watching. stay tuned for counting. the cost talked to al jazeera, we can what gives you hope that is going to be peace because the situation on the
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ground seems to be pointing. otherwise we listen. we were never on the whatever road to off migration. we meet with global news makers and talk about the stories that on sierra ah, hello, i'm adrian again. this is counting the cost on i was just 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's gas shortage could cost the world a lot more to keep warm. also this week, the rise of crypto currency in emerging markets response planning, trading in nigeria usage is rising. so a boucher plans to roll out its own e currency and thousands of illegal minors. descended on this andy and mountain
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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 its gas storage tanks for the next 6 months. now that failure has st. gas prices surging. and there's very little evidence that their supply to meet demand this winter. it's not just a blonde for europe, the rest of the world could go without as rich countries corner the market in a similar way to the vaccines. this year alone, new york natural gas futures are up 106 percent to a high of $5.20 for $1000000.00 british thermal units its highest in more than 7 years. but the equivalent gas in europe and asian markets costs $25.00 for
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$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 was 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 will gas is also used to power electricity generation. and surprisingly, prices of soaring in that market to several energy suppliers have already collapsed in the u. k. governments across europe preparing to hand up money to households the cover, the higher winter energy bills. still consumer groups of warning, but the most vulnerable could be hit with fuel poverty this winter. according to european think tank rugle, a doubling of wholesale electricity prices from about 50 euros per megawatt hour to
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$100.00. euro's would imply that the u. consumers pay up to 150000000000 euros more for that electricity, and that's adding to inflation repression in the years. 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 has been 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 approval think tank where he research. as you climate an energy policy, he joined just now via skype from rone. somebody good to have you with us. so what's behind this rise in gas prices?
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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 cert. 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 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
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time. we have problems on the supply because the european domestic production, easy creasing norway has had some problems. and russia is not spending all the molecules. europe would actually need, as that is up to asian started just let us in europe are low. we're venue in these period of the year high of the new winter season and did a lot of concern for the 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 weinstat. 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 a spot market,
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80 percent of the european got. so they traded on up is a spot market disease. of course, giving great flexibility to the market is a good thing. but in this particular condition, if for the pressure on the situation, because europe is not the longer the work, asia 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, sir, if not stream to were to come on line anytime soon with that help alleviate the problem . that the political point,
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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 using be people asia, joe? political matter in order to remember europe that got that important, that russian got these important and not him to is important because it seems to be the 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
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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 in the u. k. generated with gas and that for the system, but equally attentive to what that ends in the gas prices. second, aging fleet of nuclear power plant in the u. k. and the theories of plan to just due to the need of providing maintenance that was not foreseen as being
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pressure on gas demand for electricity generation. 3rd and 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 9 can fix these, made it way, particularly difficult in the country for how should governments protect their citizens from higher energy prices can can. how long can they do that for, and how is this go to effect poor nations? in particular? first, before we need to take into consideration one fact, these, these are them for any crisis. if you look at the market, and if you look at the future, for example, at the dot got hub,
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which is the most important in europe, you will see that traders to bay think that after the winter. so in the spring 2022 prices will go down to the normal levels. so here we have an issue with the coming for 56 months. how boys end of the winter, that the question, what the country, what government can and should do is to put the play mechanism to protect the multiple m a t p, then, and small medium prices for the price shock. this is what the, for example from been doing, extending of energy voters. this is what it now is doing by cutting certain costs in the electricity and got bills for gas commerce, families and mon, you meant their prices. and these or the other countries are also doing it is
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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 crises. 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 meta said, and why does saturdays are pushing for it to be stopped, but, but countries cash strapped government is backing the firms slaves bo reports. lemme said the one aside, as he says, mold perish in the middle of the end, this mountains, inequality, yeah. residents,
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you have been struggling to defend the community for mining and the damages causes for years. the now the reposing b entry of a subsidy area of the austrian company hancock prosper thing. i firm that has 6 mining concessions in the area to extract copper. the police were recently deployed to the area to protect your operations. you fear gas and violence to control a peaceful protest fully. madame, i is a parish leader. she says she has lost hope because know when he's helping them in the fight to protect their community. when is a village girl other than when cyrus has lost all? how is there is no government, no law, any hurts. we want peace and i'm trauma ties. we thought the police there was censor, respect us because there were woman old people, but it was the contrary. the police is not for us for the poor, for carmine, the police, for the rich, the people of lemme said they went aside to say they know what mining can do to
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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 was constitution is being violated and i felt might be 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
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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 so 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 that is 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 . once again, they will either 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
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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 propping 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, human 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, this 100 boulevard note will be the highest denomination equivalent to today's 100000000 boulevard. note, that means 6 zeros will be removed from
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a currency that has been sold to valued by hyperinflation. that did become practically worthless. garments. i thought this is only for the bus. i want to come at the boulevard. now i run a usa for public transport or nothing else. everything else is paid with us dollars . been his when his currency costs much more to make than what it's worth, 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 offered currency, the government hopes to reinstate the widespread use of its own coin, the initial frame, but also been it has certain advantages. disadvantages don't generate benefits from a strictly economic point of view. that would require a series of measures to control inflation to avoid more recon versions of the
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currency. the socialist government flashed 3 zeros from its currency in 2008 and 5 zeros, 2018. so deal, he'll kill, it's 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 currencies 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 will go into circulation on october. first one, encouraging venezuelans to use 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
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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, many advanced economies a trying to accommodate bitcoin and thousands of other tokens rather than banning them. despite a battle in february and crypto currency trading in nigeria transactions across
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peer to peer platforms have sought from $33000000.00 to $44000000.00 in august. to counter that, my jury 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 adding that the regulators average i didn't preach so generally the control ok regulate, wants to regulate. but then crypto does not really have so much ways around revelation. so you know, it's more of
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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 in use are all in i junior what people still wellness find out we are using to to but then officially it which on hold 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, rob mean says 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, maintain, and distribution of ira i think guess, situation where most payment systems are managed, controlled,
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more or less monitored by payment license payment system. 3 cheese operate those within the niger kind of 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 currencies. why do people love decentralized currency in the 1st day? so people are 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 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,
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i listen to one of the died. so the payment odyssey be in re 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 lee, but 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 course we choose to use with changes in the future or not. it is still going to add the same impact bought and what impact,
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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 a 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 cost 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 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
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american country to issue the currency. i believe very soon john, i issued the us. so i believe is gonna be currency on the currency. is the point i juwan to trade. we think it's been great to talk to many facts, a 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 our 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 it for this edition of counting the cost. i'm adrian finnegan for the whole team joining us, but he is on al jazeera. ah. comes
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here every year for lunch at 5 the festival where everyone dresses in white men, women and children submerged in running water of the tigris river, depend their bodies and wash away their since this baptism is a monday in ritual, also known as savvy. and in there all the other followers of the, one of the ethnic religion, which read it slum, and chris, janet, and mandy, i'm is the 1st religion you believe in one vote, and you should life and everlasting the robot. well, the 1st books of profit sheet, and yet they want to dispel them. it's about witchcraft and magic, being associated with the gnostic religion savvy and say their numbers are barely a 5th of what they were before. the 2003 invasion because of iraq security and there is being a close religion. when can only be born into the faith in marrying into their
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religion is forbidden and the population has dwindled even further because thousands have taken refuge elsewhere for safety. oh, the world's lungs are being seized. the amazon rain for it is diminishing the rate of 2 football pitches a minute to meet the market insatiable appetite for logging mining. i'm farming as both scenarios government seek to relax conservation laws and increase production. indigenous communities on the brink of extinction. no, it's the bite of their life. people empower brazil's amazonian battle on out. there are l. g 0 recounts the shocking story of the assassination of counts full cabana dot tossed by the security council to mediate between arabs and israelis. his death would prove one of the darkest days in the quest for peace in the middle east. killing the
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count on algae in. ah, molly's prime minister says he's country feels abandoned by departing french troops as russia defends mercenaries getting involved. ah, hello, emily angland. this is al jazeera alive from joe, so coming up a major security operation in eastern afghanistan.


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