A country and every country is expose or you as a basis in terms of few or surprised chain in terms of here locations or whatever a turns pregnancy and also reinvests us that is very important secondly you need to protect your own operations taking care all few own supply chain if you talk about food or an Agricultural Products or flooding of your sites or drought state youll workers cannot come to use sides certainly you need to focus on innovation trying to do vello new products new solutions and as a company you can make money and as society your served by dose innovations weve for example all make the oceans more resilient full fishing we make akhil culture and africa more resilient to doubts and to force an amount is at for the see to advocate for crime of mitigation ass waltz adaptation and i think through is no country in the worlds who can skate from that you mention invest as in your examples that you just gave their for too long business is how been run for shareholders and to made boss is micha so how are you going to make this transformation now to say you know the environment is very importance as well well there is no company who can be successful in a world that fails at the end of the day that will hurt you as as a company and the economy was never invented to make money money is a tool to all to all live happily here it all together and the world to strattons inequality hunger Climate Change ravages cetera so therefore its in the interests of this is itself therefore its an interest of the in Economic System the resilience of our Economic System to go for more Value Creation than only shareholder Value Creation but also for society and police etc and i think more and more companies see that you see the this is round table in the United States 1800. 00 companies on the day the c. E. O. s few weeks ago said hey there are more stakeholders than only do shareholders and of course as companies we are not free on topic organizations we need to make money but there are more interest than only making money and there is more interest than only do short term and addressing Climate Change fire mitigation and addressing adaptation is in the interest of all countries is in the interest of all Companies Just to future proof your business and invest investors should be interested in how companies are exposed and what companies are doing to keep the basis of also in the long run just looking at the world around you right this very moment in time the the Global Economy is slowing. And theres a trade war going on between the United States and china which is i mean the impacts on a lot of other countries how is the affecting you how is it affecting the world whats your opinion as to whats going on. Well lets have a look to whats happening in the worlds of ways old the trade issues Political Tension i think if we look back a little bit globalization is an essential part of our Economic System it basically our Economic System is based on specialization you are better in this im better in saying and that exchange said the end of the day that is the essence of our Economic System traits specialisation and globalization brought for asperity for many countries in the world for billions of people but not for all countries and not for all people in all countries and we need to do now is not put a fence around countries or businesses but making globalization more inclusive for all that this to way to go because globalization is i think the absence of our economy because it is based on the specialization model and you see a little bit at this moment that people try to build fences around saying i see that as a temporally movement we as a company because we especially in food are not so much hurt by that at this very moment but is not a good saying and it is not the right for reaction from a correct top sufficient that globalization did not bring prosperity for all make it more inclusive. That was fake talking to our economics editor well as we mentioned one industry that is facing the challenge of adapting to Climate Change is the Auto Industry germanys b. M. W. Has been one of the earlier movers in producing electric cars it currently stands number 4 behind tesla and 2 Chinese Companies in terms of sales i just finished dominic cain spoke with b. M. W. Board member peter not or at the frankfurt motor show mr not looking at this motor show and indeed looking at the Motor Vehicles we can see here does your company see a generational shift in the way that young people to see the motor industry and Motor Vehicles and what they used for a one of the biggest changes is that younger consumers really value new and different elements of the vehicle like connectivity in and around the car the way they can integrate seamlessly that they still live into the car and its good to be in w groove we are really leading the pack there with our connected drive so that is something we also see a lot of awards that we win as a brand for that at the same time young consumers are also more open for for example sharing concepts and with our drive now concept for example we have set the tone there as well and now in our cooperation in the joint venture with di maria continuing that a few years ago people spoke about hybrid vehicles as being the future and yet now more and more companies are saying no electric is the way to go totally electric to use the german phrase they want to move away from fed hina from fossil fuel fuel burning vehicles towards electric b. M. W. Appears to be going that way why at the b. M. W. Group be very much believe in what we call the power of choice so we actually deliver various drive trains to our customers depending on their needs because. We believe that impact true impact as a positive impact on Climate Change will only be delivered if customers want and use these products and it can differ from country to country from use case to use case so in urban areas a bettery power its electric vehicle might be to solution and we have Great Solutions there with our b. M. W. I 3 with our mini electric and next year also with our b. M. W. X 3 a fully electric version of our most popular b. M. W. X 3 but we also offer a plug in hybrids we use electrified with plug in hybrids almost and our entire range from the 2 series all the way up to our top model 7 series for our customers and 60 drive longer distances and wants to be able to drive electric in an urban area in a city but also want to have the ease of mind with efficient Combustion Engine to drive longer distances were also working on new technologies towards the future we show here in france for our b. M. W. I Hydrogen Next with fuel Cell Technology so you feel that your company is ready for Climate Change and can actually make a difference as absolutely so we believe in the power of choice and its a true customer centric attitude we deliver what the customer wants and can use and with that we will have the biggest positive impact on the Climate Change and looking at another global fund to these days the trade is the trade war hurting yourself hurting the also motives industries so well of course as a b. M. W. Group we are a global operator we very much favor frictionless trade also free trade without terrorists but we have a very Global Production edwards with we have our biggest plants in spartanburg in the us in South Carolina but we also production here in europe and also in china so. Well set up also for a world where there might not always be frictionless trades but of course we wish for and cole a phone call from and to enable frictionless trade because we believe that creates most value for our customers as well speaking of frictionless trade one issue right now which is dominating the debate it seems in the United Kingdom but also to a certain extent in the e. U. Is braggs its what do you see many people in the u. K. It always said all well german come makers will still want to sell their products is that really a factor for b. M. W. For other german comedy his at the b. M. W. Group we are very much committed to the u. K. Is an important market to sell our great cars but also its the home of 2 of our festen its in brands many and rolls royce so were committed to the u. K. We produce many in oxfords we recently launched our mini electric to be produced in oxford starting this november we call on the politicians to make an end to this period of uncertainty because uncertainty is not good for business and enable to enable further successful production from oxfords we need clarity and also we wish for a situation where the restriction is straight across the channel and what does that mean for jobs because certainly other German Company factors so for example folks have concerns that shifting towards electric cars in the production of electric cars might not necessarily mean the end of many jobs but it might threaten the jobs are you confident that with all the things that your company has in place the jobs are secure while there might be a shift in the type of jobs that will be needed to worths the future also in electrification further against around but it will also create jobs in other areas we talked about connectivity in and around the car so. We already have thousands of highly skilled Software Engineers within the b. M. W. Group that are important to deliver on those customer needs because another from b. M. W. Management will thank you very much how President Trump has delayed by 2 weeks a plan tariff on some chinese goods are the beijing decided to exempt some u. S. Cancer drugs and other goods from new levies trump said he liked to reach an agreement to end the trade war which has been going on for more than a year now of both sides have increased and added tariffs in recent weeks affecting Global Markets and supply chains but despite some disruption there are also opportunities for business is in asia as scott had a reports now from bangkok. Trade negotiations between the worlds 2 biggest economies still a work in progress chinas close and reliant neighbors are feeling the impact. On the outskirts of bangkok wrote the post runs a house where a Company Started by his father the medium sized business is heavily dependent on china factories their supply Raw Materials wrought upon users to manufacture products for his thai customers the trade war is costing him money but despite that he sees an upside. Down i think theres a benefit to be made china may have all the material that i need but here we have Skilled Labor who know the we can export our products without going through china worry about the trade war in one high profile case thailand has actually one new business as a result of chinese tariffs on u. S. Goods u. S. Motorcycle giant Harley Davidson announced that its moving the manufacturing of its china bound bikes from the u. S. To thailand by the end of the year this to avoid tariffs levied on imports of american vehicles. The company had actually opened a factory in thailand before the trade war to supply the growing east asian market but an Economic Advisor to one of thailands Largest Companies warns of a threat not just to thailand but to the Global Supply chain if china and the us cant settle their differences soon. Clear go going to last longer theyre going to have. A long lasting chanting of the team. That you seem to me going to be become all in the now in the now rice the economy. That means china will rely less on neighboring countries for materials and goods producing more of its own that be bad news for countries like thailand its largest export market is china the economy here relies heavily on its big neighbor to the north so businesses could be forced to recalibrate their supply chains its got harder aljazeera bangkok. And that is our show for this week remember you can get in touch with us by tweeting me at sea can use the hashtag a j c t c when you do drop us an email counting the cost that i just had a thought and that is our address as always you can visit us online at www dot com slash c. T. C. That will take you straight to our page which has individual points links and entire episodes for you to catch up on. That is it for this edition of counting the cost has a secret from the whole team here thanks for joining us the news on aljazeera is next. World leaders from un Member States a pairing to take their seats for this years General Assembly rouhani and President Trump will attend. Growing tensions between the u. S. And iran be used will multilateral efforts provide solutions to a global refugee crisis escalating wars and Climate Change before its too late join us for extensive coverage of the un General Assembly on aljazeera. Early theres a 4th part of their football for you dont think about the call of the extreme when real madrid lets love worth 500000000 euros or expresses a position on Something Like the World Antidoping Agency has to take doctors you know to your form in part 2 of this series aljazeera continues to explore the widespread use of performance enhancing drugs sports the endless chain on aljazeera. This is aljazeera. And this is the news hour at live from doha coming up in the next 60 minutes. Crude oil prices registered their highest arrive ever in futures trading after the attack on Oil Facilities in saudi arabia. And donald trump says the u. S. Is quote locked and loaded to respond to the attacks but is awaiting to verify who was responsible. Counting is underway and chinas the effect and president ial election since the arab spring as some candidates claim and being used in the polls. Thousands of protesters defied a police ban to demand democratic changes in hong kong. Now saturdays drone attacks on saudi arabias Oil Facilities have triggered a shop jump in Global Oil Prices they initially said by almost 20 percent to 71. 00 a barrel as markets reopened on monday and just minutes before early trading began in asia u. S. President donald trump tweeted saying hes authorized the release of oil from the americas Strategic Reserves to fill a market gap if needed trump also said the u. S. Is quote locked and loaded waiting for a confirmation of who attacked riyadhs Oil Facilities now well get reaction on the markets and trumps response from our correspondents out of hong kong and d. C. Meanwhile the u. S. Government has released these images which are said to show the damage done to one of the plants in saturdays attack well lets speak now to sarah clarke who joins us live from Hong Kong Sara the hung saying opened just in the last hour how the markets reacting in asia. Well around goes over to the Worlds Largest oil business in the markets have responded accordingly with the fears of this Global Disruption in supply the futures trading in the market suggested the biggest increase in prices since 99 brant all jumped more than 13 percent when markets opened u. S. Crude jumped 15 percent to the highest since my that sub out nearly 4 months so with 5 percent of the Global Supply knocked out of the market weve seen record surges in oil prices on monday in the 1st few hours of trading some analysts however expect that volatility to be short lives they expect some of those process to stabilize by the time the markets close at the end of monday to try to certainly my need to factor in new risks that threaten not just hundreds but millions of barrels of oil being taken out of the market at one time so the long term impacts of the rice is on now obviously how to restore this Global Supply a loss and identify where that will come from and as well as the full resumption of the my type wakes but today we expect to run code to make it up to give an update to the markets i started on the weekend that they will take 40 i doubt some monday theyll make that up that the markets to see where we go next sara for us in hong kong watching those markets for us thank you sarah well lets now talk to gabriel as whos in washington d. C. President trump has already said that the u. S. Will release its Strategic Petroleum reserve to stabilize these markets if need be do you see that happening. It very well could this is a bigger mergence see with saudi arabias output as weve been reporting dropping considerably and this could happen i mean these the reserves are about 650000000 barrels of oil some of the biggest Strategic Oil reserves anywhere in the world that are here in the u. S. In underground salt caverns in the states of louisiana and texas these are only tapped into an extreme emergency has only been done a handful of times over the years but trump clearly indicating that he is prepared to release some of that oil if need be and that very well could be the case in the coming days depending on how things pan out in saudi arabia and how quickly saudi arabia is able to reap reach regain their oil exports and president toms already been fairly printed. In the last few hours as well with some strong rhetoric. He has you know he said that he said that saudi arabias oil supply was attacked and he said that the u. S. Was quote locked and loaded to respond depending on who they determine the culprit of these attacks are he says we know or we think we know who the culprit is but he didnt name it in his tweet however on saturdays secretary of state mike pompei 0 point the finger directly at iran and sunday an off camera background briefings by some Administration Officials they also indicated that they believed it was very much from iran as well without providing any hard evidence or some photographs that were released but no real hard evidence that it came from iran at least released from the u. S. Weve seen trump used this very strong and bellicose language in the past whether it was using the same words locked and loaded hes used that before you fire and fury will remember the language he used in reference to north korea you also remember in june when he ran shot down an unmanned surveillance drone an american unmanned surveillance drone trump said that the u. S. Was prepared to do air strikes against targets in iran but the trump he said called it off 10 minutes before the strikes were supposed to happen so trump uses Strong Language he likes to push things right to the line here its unclear what he means exactly by locked and loaded but clearly he is the commander in chief of the u. S. Military the most powerful military in the world so any time he makes references such as this its got to be taken seriously. Watching those developments for us in washington d. C. Thank you kate well as kate was just saying u. S. Secretary of state has already accused iran for those attacks that have also been claimed by yemens heathy rebels tehran is denying involvement she has will. These satellite Images Released by the u. S. Government appear to show damage to part of the oil plant at alba kike in saudi arabia they could prove vital in determining who attacked the plant and from where but looked like they were damaged in the north and west or older who shelbys which would mean that they didnt come from yemen with then i would close sort of all the people who are close were those photos and its not quite clear looks like Somebody Just from the west could have been calling from yemen we dont yet know who recently launched drones and missiles against saudi arabia were several months now none of them have been able to cause the damage these did but this is not new. To the rebels in yemen say they flew armed drones across the border deep into saudi arabia to attack 2 major Oil Facilities if confirmed its their most ambitious and devastating operation following dozens of smaller scale strikes in the kingdom in recent months back and get a sudden and i thought i thought mildred that we exploited vulnerabilities in the Saudi Defense system and we built our drones in order to avoid these systems therefore the saudi and iraqi airspace became open to us after their Defense Systems failed to even spot the drones about the u. S. Secretary of state flames iran for saturdays attacks might pump a 0 says theres no evidence they were launched from yemen although he hasnt explained how iran is to blame or where the drones took off from secretary powell has made clear that the Iranian Regime is responsible for this attack on civilian areas and infrastructure right are vital to our Global Energy supply and were not going to stand for that in fact our department of energy stands ready to tap into the Strategic Reserves of Petroleum Reserve a whole must to stabilize the Global Energy supply iran says it rejects the u. S. Accusations its. What is concerning is the wrong path of the americans in the region they are supporting saudi arabia and the u. A. E. Instead of consisting to their role in creating instability they point the finger at other countries in the region dialogue between regional neighbors is the only solution to resolving the conflict. The state owned Oil Company Saudi Aramco says the fires started by the attacks knocked out more than half of its entire daily output close to 6000000. 00 barrels of oil the Saudi Energy Minister says stockpiles of oil will be used to offset the loss of production but oil markets havent seen the shutdown on this scale since iraqi troops invaded kuwait to start the 1st gulf war in 1990 and its not clear how long repairs will take the impact will depend on how quickly the saudis can restore full production. For. Well for more on this we can speak to William Lawrence who is a professor at George Washington universitys school of International Affairs and he joins us now from washington d. C. Professor lawrence this is all escalating fairly rapidly now in a tweet President Trump says theres reason to believe that the u. S. Knows who the culprit is and theyve already come out and accused iran now let me start by asking you about the saudi investigation into these attacks are they likely to be able to provide with any sesson to any evidence to say who did this. Certainly i think the 1st thing to say is that if if the saudis couldnt defend against these weapons whether drones or cruise missiles or a combination there was some problem in tracking them but this whole area is covered by by all kinds of surveillance from satellites and from and from maritime and and so its not that hard for both the saudis and the americans to backtrack and figure out what came from where as Lawrence Korb said its quite interesting that the americans have been saying that the hits came from the north and west and yet the very picture you showed sorry north and northwest and the very picture showed showed things coming from the west and certainly the stories are starting to line up who he said 10 drones and the americans had 17 hits now i dont know whether its one drone peretz but certainly the investigation is going to begin to answer some of these questions i strongly doubt that irans missiles from iran ian territory so the question here is what did the who thiis do or what came from iraq or was there some other group involved now we know that hizbollah helped train the who these in their Drone Technology so you can imagine a scenario where his going to engineers launches from somewhere but right now the most likely is that it came from who the territory well if the he did actually carry them out and they came to these attacks they also do receive support from iran so given that the u. S. Is blaming iran does that make any difference whether whether it was iran whether it was the he is in terms of the political dynamics of the situation. Yes not maybe at the senior level in certain aspects where the u. S. Just likes to blame iran and if it decides to hit iran you know at that level without a lot of analysis that could occur you know one trumps is locked and loaded it could be locked and loaded to hit like iranian oil capacity or Something Like this but in terms of what the u. S. Defense Department Intelligence agencies state department do in their analysis and when they recommend what types of actions the u. S. President could take certainly the details of what happened and who did what is extremely important particularly under the international principle of parity you know that if youre if youre retaliating for something done against you you have to do a similar thing and so you know that its unclear Going Forward what will happen i would predict one thing trump will either take an action or it