Time it says its very disappointed, the white house will block future American Investments into some chinese tech companies. You as president , jo, bidens, executive order aims to stop funding a firms that will advance beijings military as well as threatening american security. The new years cool leaders of met was to envoys in the capital ahead of an emergency summit by west staff because regional block echo was the blocks calling for the immediate reinstatement of president mohammed resume after the military to power last month. A summit aimed at protecting the amazon rain forest as wrapped up with a call for developed nations to fulfill their climate pledges 8 south american nation se contributions of 200000000000. 00 per year are needed by 2030. The north Korean Leader is calling for more preparations for the possibility of war. Kim, john ann has ordered an increase of military drills and the production of more weapons. Young gang has been firing a series of missiles and recent months. Thats increased tensions. The south korea, as well as the United States for migrants has been found alive after drifting for days in the mediterranean sea. 41 others are fear to have drowned off the coast of italy. Theyre both set off from the port of facts and tanisha ran into rough seas on thursday night. And those are the headlines. The news continues here and al jazeera after count. I would cost to stay with us. When the news breaks, the story of this village is the same as many of us spread across the Eastern Front line. No electricity, no running water. When people need to be hurt. And the story needs to be told this children are unable to go outside, inside is extreme. You hook with exclusive interviews and in depth reports, lowest people expect to be wiped out all together by now. Ill just see right. Has teams on the ground to bring you more Award Winning document trees and live nice of the im, adrian said again, and this is counting the cost on i would just say are you a we can look at the world of business and economics this week, taking the chip pull up an arch they jane has started to restrict the export of to materials used in the manufacturing of Semi Conductors. Also this week economic sanctions a hope to aid after a ministry to initiate millions of people in one of the worlds poor stations could pay the price of egypt as trying to new dollars back into its financial system. With higher returns on savings. Will bank help to ease the nations foreign currency crunch . They are used in everything from electric cars to tvs, wind turbines, and military hardware. Semi conduct is now considered as crucial to Economic Production as oil. The us is why the china could use us Chip Technology to further develop its Ministry Power up it on fail, sweeping export controls in october to prevent paging from getting the most advanced one step, knock the stock of tip for type trade restrictions and up to the geo political rifle rate, and its most recent, both china has begun to restrict the export of industry Critical Materials out just it was the training he reports from paging to the staging market sells nearly every electronic product you can think of and many of them contain gallium. Enter medium rule materials, critical for the development of semi conduct as china is the Worlds Largest supply of both informed by as will now have to apply for licenses to purchase them. The seller says the move is fair is arrive, the china has this restriction. We dont have countermeasures. America will continue to put sanctions on china. China ash with the vinyl, its own taking all the to foster to make our country stronger. The export control is aging is response to wide range and us restrictions targeting Chinese Technology funds. The price of these room materials has arisen in recent weeks. Chinese analysts say the aging is sending a warning to the United States, but putting export controls in germanium gallium. And this could just see the beginning of restrictions. Some of the Critical MaterialsMultinational Companies say theyre being quote in the geo political crossfire between the 2 superpowers, Business Confidence has eroded automakers, all particularly concerned many funds are being forced to separate supply chains, which is hosting the bottom line. One is adapted to that the most of them are the other kind of for china were releasing this to us, it makes sense to you guys took occasions are expensive, implies that need to have a certain volume in order to be competitive from china. When you buy most affordable options, a lot, i think a little bit are on the locally which can be expensive. So so that theres additional bibles for which it is concerning. Plus some european funds are exploring non chinese sources of will materials, in case of an escalation, isnt 70, theres a frisco. Um, does any risk, any uncertainties look good for business . It means that, uh, the best ones is you know, some prime and decisions. Um they, they are going to be effected by bathing, says the move protects. China is National Security and does not target any 3rd party. Do you mean youve seen it . Is that International Practice to implement the export control of gallium editor, manian related items these items, comedy controlled by major countries in the world. But state media is say, the us is Defense Industry is likely to suffer germanium and gallium. I used in adults radar systems, warships and ground installations. Washington says it also wants to keep American Technology out of reach of china is forces. Where is the and import us is inc and insistent at the china is the threat theyre trying to contain it. Were saying were not going to let you have put our technology, but its not just us technology. Theyre also going to japan, theyre going to holland and saying dont sell china any equipment. In 2010 china impose to bad and also cold ret or exports to japan. After a dispute sparked by bush and collision. If they didnt choose to implement the controls, the price of topless devices, including smartphones, laptops and solar panels could rise. Katrina, you the counting the cost aging . Joining us now from seattle is alex capri. Who is seni electra at the National University of single pool business school. Good to see again alex. So the export controls on these, these 2 red minerals, gallium and germanium of come into effect. Whats going to be the impact on markets and companies that need these, these materials . Well, 1st of all, theyre actually not that rare. Um, you know, theyre, theyre, there are alternate sources um, now initially because so much of this processing is taking place in china. So the, the initial reaction from the markets will be, of course, a spike in price. But its also going to trigger a move towards accelerated, the risky from the supply chains. Its going to spark um, alternative processing and sourcing and in, in, in other parts of the world. So i think, i think short term there could be an impact, but mid to long term, we will see the supply chains correct themselves. So this could in a, in a way backfire for china. Oh, no, absolutely. And i think the 4 runner to this event happened 10 years ago when we looked at ad, rarer as when, when china effectively cut off and, and also impose controls on rivers to a lot of the western countries. So, so that was 10 years ago when china controlled about 98 percent of so called rare minerals, which again are not that rare. Um, now if we fast forward a decade that chinas percentage of, of that market has dropped from about 98 percent back in 2010 to somewhere in the mid 60 percentiles. And also, you know, were seeing the risking and were seeing accelerated. Um, uh, you know, spreading of, of, of the, of the new assets and, and the processes around the world. So this is only going to further accelerate. This is this restructuring, if you will, even even a friend shoring, as some people have described it when it comes to looking for new. Now shes looking for this new sources, but setting up the processing in places like australia, canada, United States, even europe is now shifting. Okay, what about looking at the, the, the, the other way up to the export controls imposed by the us has been a way for china to get around those. Well, you know, this is, were obviously in, in a new era and, and were recovering relatively New Territory when it comes to this, this, this, this reorganization, if you will, of, of Key Technology supply chains at the bottom end, which, which of course includes 70 conductors and then also the supply chain at the top end, which includes these, these, these minerals and these Critical Minerals and rares that weve been talking about. But for the us, uh, the u. S. Is in a much stronger position along with its, with its allies and particularly the group of 5 countries in, in the Semi Conductor value chain, which of course would be japan, south korea, taiwan us and the netherlands. Um so, so the, the power structure in that regard is much more asymmetric when it comes to the us and its allies versus chinas ability to throw its weight around if you will. But to what extent is this a buying time game by the us . And theres no way ultimately that its gonna preserve its technological privacy in the long term. Is that as well . I think its, its, its a, its a matter of a couple of things. The 1st is, yes its, its a, its a stalling tactic. Its, its a way of essentially slowing down chinas capabilities when it comes to leading Edge Technologies and the around do use technologies. These are to, of course, technologies that are commercial but can be applied for military purposes. At the same time, what were seeing is a, a re focusing if you will, in the us and other countries around innovation mercantilism you will, as for pushing their own capabilities and trying to push their lead out. But yes of, uh, you know, ultimately, and particularly around the trailing edge uh, and of the uh, of the value chain. When it comes to sending you doctors, we will see china eventually be able to, to really capture parts of that market. In the meantime, weve got this, what this results nationalism going on right now, where with, where does it in the tit for tat con, continue forever kind of somehow this has got to be solved, but how . Well, i, you know, i, i think the way it ends, you know, if we look, if we look at mid term, um, you know, the end of the next 5 years, you know, what well see is a continuation of what were seeing now. And that is essentially bifurcation of strategic supply chains such as weve been discussing and you know, an ongoing trade in ongoing commerce around the less strategic, less sensitive areas. And in the long term you were talking 10 years from now. Were going to have a relatively fragmented localized or regionalized set of strategic eco systems that are going to be in place uh, whether its in north america, europe, china, and or other parts of the world. Its always good to talk to you alex Manufacturing Day for being with us again. A pleasure. Thanks, adrian. No, theres, yeah, is one of the was porous nations. It relies heavily on phone financial help, but much of the age sent by western nations has been suspended. Following a military coup last week, the Economic Community of West African States echo was as imposed far reaching sanctions, including the whole tubal Financial Transactions and the freeze on National Assets as well. So its working on the dimension to restore order. Many people, india feel the measures could less than that already done. Economic situation is what some of them had to say. The citizenship, which was show. I think the sections were initially taken of the heat of the moment and then apparently evicted by outside powers. Molly burkina, faso and guinea faced the same situation before, but they havent been sanctioned heavily. But these areas are going to have to tighten their belts. We will not get any poor that we have been in 13 years. We havent received a single frank from our oil. Weve been told its worthless, the risk tundra that caressed functions were expected because i believe that across as often. So i can sanctions against q lead isnt its area. But these sanctions turned out not to be very heavy in fact, but in the case of news, yeah, i think were really going to suffer economically. Its going to be a very difficult time for the country. Joining us now from london is alex vines, hes the director of Africa Program with the managing director of ethics, risk and resilience at to try some house. Good to have you with us again, alex and what sort of state is this is economy right now and is your economy is incredibly vulnerable. As youve mentioned, its very dependent on International Assistance around 2000000000. 00. It. Yeah, weve outs it. Its really in trouble. The economy is based on rang fed hyper culture that depends on variable rang buttons in particular production and coughing, for example, in various products. And then it is a uranium produce a 5 percent of black will supply comes from the from these. Yeah, but its very easy for International Markets to, to switch to catholic style and canada even though may be a. So, and then theres a bit of oil production, most of the mainstays of the economy. As we said, michelle has already one of the poor us nations on the planet, how are sanctions and restrictions on age go to west and the plight of its people . Yeah, so its interesting that a couple of days ago the other military jumps has in the regions that they wasnt um, you know, they stood in solidarity with, with, with the military juncture in, in, in the, i mean, it was striking also that the newton this year in that jump to i think its borders with books, you know fast. So molly, um and uh and algeria and also charge only is a border with nigeria remains which flows, which of course is the one that the jumps already worries about. Because nigeria represents the biggest military power in west africa and also present to new booth. The president of nigeria is the chair of equal watson is the one that says talk functions are happening. And if you dont release mr. Presume and return constitutional rule. Weve been a week, we have very seriously considering military action against you. But of a sanctions only got a soft push. And its you close to the most cool. I mean, the frontage of the demonstrations and supports as a purchase has had individuals brandishing uh russian flags. And um, you know, shopping uh, you know, long lived rusher and so on. I tried the thing that was necessarily indicative of a great ground spell as opposed to russia, but it does exemplify the ambivalence towards frost. So using symbols or rush or uh, another way of being expressing an anti french cents a month. I do think thats what this is about. But yes, you know, must go to the kremlin is looking at opportunities. If you look at what happened at this time, last week you had the, the, the rusher, africa summit and the jump to leaders from west africa where were guess savannah. Um. And so that is telling you something. So, but the, the sanctions and in cases such as of these, where, where theres been a ministry, crude delay until they actually do what they designed to do, do they walk . Yeah, look, thats a good question. And i do have experience is and is this, i was a un sanctions inspection this inspect for over 10 years in west africa for the u. N. A. And im functions kind of work for particular models. They dont work over over long periods of time. So they can be targeted, they can be effective. The threat to them can also change behavior. But we, im not sure that the e commerce sanctions have been particularly effective. Certainly not. They havent this much to the, you know, the drugs and, and booking of fossil guinea and, and, and molly and they have not been listed on, on mollys, for example, last year. Because they were possibly having a, you know, a impact and, and the hitting the, the, the, the civilian population too much indiscriminately. So i do think this is why a car wash is actually realistic in the sanctions. Are a statement. They will turn the screws, but really is the threat of military action, but is the one thats frightening the military dictatorships in the region at the moment because thats a new departure. We havent seen that on the title really seriously. For about 50 years, alex, so step of the talk, ill come back to in just a moment. But you mentioned uranium nivia is one of the worlds biggest produces of uranium, which of course, fuels, things like Nuclear Power stations. The nation produce more than 2000 tons of hybrid uranium last year. Thats 5 percent. As alex was saying of global output. Frances heavily reliance on Nuclear Energy and is unit supplies and estimated 15 percent of the nations uranium that you have was the 2nd largest supply of the element to the e. U. Last year, the blog and the french government. So the, if supply is suddenly stopped, they do have a few years worth of uranium stocks. What has been the impact that we mentioned, the stock pot of you ready in front of the you, but what has been the impact on, on the radium market so far, alex is the situation ultimately go effect frances Nuclear Power industry process has designed diversification of you radium supply, given just how important nuclear is for french at energy supply, 75 percent of their energy on the civil energy. And so i dont think the news yak process will protect the impact them. There is a, you know, spread. The thing of Uranium Price is a little bit, as i mentioned in the markets, but, but news year is expensive to produce, even though it has a vast uranium assets. It is only 5 percent of global supply. And so there are, as i already mentioned, countries like has expand canada, australia indeed, even though maybe i could step in on this. So i dont think this will just disrupt either French Energy supply or, or the ones. What it will do is the nice of, im money for the new jerry in a government because how are you going to be able to export when youre writing . And if the countries on the assumptions alex is always good to talk to you on the calendar of acosta was learn something near manufacturing date for being with us. Alex finds that a lot. Thank you. Now rising that record inflation and a depreciation currency. Egypt is facing one of its worst Economic Crises and decades, was by the full hours of rushes. If nation of ukraine was pushed up prices, the government is struggling to pay for imports in foreign currency on the black market for dollars is driving. Egypt biggest states own glendas seem to be trying to circumvent pass the National Bank of egypt and bank miss are issued to new savings certificates in us dollars for 3 years. The 1st offers an annual return rate of 9 percent to be paid upfront in egyptian pounds. The 2nd extensive 70 percent annual yield paid quarterly in dollars. The government has promised to apply a flexible Foreign Exchange rate as part of a 3000000000. 00 loan from the International Monetary fund. Or how does announce the sale of a 1900000000. 00 worth of state assets . Meanwhile, egypt is suffering from a power shortage of the consumption surge. During the recent heat wave, the government is rationing electricity and increasing fuel oil imports to ease the load on electricity net book. And its aust civil 7th to work from home one day a week to east amount. Well talk more about this from washington dc with joins now buying that right. F brook. Shes the director of the agents and for Africa Program at the middle east institute. Right. Good to have you with us. What do you make of these, these moves in egypt, when would you dollar denominated certificates . Help to leal dollars back out of what cost . And they might know dollars back, but what youre talking about is its not a drop in the ocean, but it isnt enough. They very well may bring back the oldest velocity because they did like this for on domestic currency did extremely well. All right, so what does egypt need to do to solve its hard currency punch . It needs Foreign Direct Investment and it needs it foster. The problem is, this kind of problem is usually self defeating and that you have less hard currency on the market. People start to hold, it is even less that they told the market and so on. So what you are really talking about is a bit of a crisis and confidence and lots of hard currency the, the to, to go to dont go well together. So what he just needs is time to be able to bring on that f d i. And its, its capable of doing so it, it has a dies. Busy and valuable assets and it has a lot to offer. But um, its the, the, i think the economy is now in stock straits that everything needs to be put in fast forward. And thats why the difficulty is as part of all of this, that the, the agent to secure it a lot of airflow is, but its pretty small, really. Um, is it, is it actually going to make any difference . So the value of the i am ass loans isnt usually the amount of money it is in. In this case, its a 3000000000. 00 loan. Its not about the 3000000000. 00 loan. Its about the i m. S saying we think this country is safe enough for other people to be able to invest in. So its, its about the, the of the certificate of approval that goes with it if you like. But as part of this time, if bill egypt has agreed to, to sell some state assets and pledged to a free float, the Exchange Rates as well. Well, what state assets is it going to shut off in it . And this is free flushing the Exchange Rate actually going to help it. It wasnt so much about selling all state and state test its, its about the state. Im taking a step back from, from the economy. Im allowing the private sector to do it still. So it has lots of assets that it can sell and its actually out on pages for them to be sold because many of them are bloated. Im priest floating the exchange. Now if youre to pose the value of the currency several times at the moment, you wont be able to devalue anymore, because that just isnt the hot currency available to be able to, to back that a back, another devalue ation off and theres a moment the currency is, is holding a stable on official markets. The black market is another matter of course, presidency shows that he, he wasnt going to do the value of the currency anyway because of the impact that it has on, on people. But hes getting a certain amount of pressure from, from investors in the gulf to do something, isnt the, hes got he, theres been a lot of pressure from, from the gulf because the golf is germany as formerly, been extremely supportive of egypt financially. But it says its continues to wants to, to, to, it wants to continue to do so, but theyre there right now. Its no longer with no strings attached. They want to see reforms and, and most of the gulf countries now just coming in as investors. And they want to see returns on their investments. The president has said he caught the value anymore. And as a matter of fact, thats, thats actually correct at the moment. He called the date he, the central park called the value anymore because it would be really problematic because development and i think the i m f realizes that which is why theyre not pushing at the moment or not it may have to do so, you know, down the line but not now, but the bridge, you mentioned that the, the, the black box with egypt. I mean, how big is the, is the black market . How much damage is it doing to, to egypt, spots and blah, blah. So its unlocked. Now the black market has sort of gone away for a long time, but its 3 much with the vengeance of that they get you crazy. Busy when you start getting less hot currency and more in um and the economy, and i think there is about is over a 10 pound difference now between the one remarket and the power market. And what that means is people tend to hold that dollars and trade the whole market in, im, you know, speculation of the evaluation all arising prices. So you, you have almost a power of system which is bad for in the economy and difficult for an economy, a squished as egypt as moment. But right has been really good to talk to you on cash in the cost many thanks, and thanks for being with us for quite pleasure. And thats our show for this week. If youd like to comment on anything that youve seen, wed love to hear from you can treat me. Im at a set of goods on teresa trying to remember to use the hash tag h a c t c. When you do, you could also drop us a line counting the cost of out of 0. Dont net is our email address, as always as well for you online at aus 0 dot com slash ctc. That takes you straight to the homepage and then youll find individual reports links added time episodes via to catch up. But thats it for this edition of counting the cost i made for you instead of going from the whole team here at the thanks for being with us. But he is on, ill just be around this next the the, the julian desert festival, the dates back thousands of years charges you goes behind the scenes that could be an annual cultural context. Honored by unesco, where men move to the beach of women and to arrival, to our communities back to the tell to using song and dance to be the a to art festival on eligible era. The at least 6 people are killed in wild fires that are devastating. The Hawaiian Island of maui, the hello, im kimberly help it. This is alger 0, live some data, also coming up the white house to ban some u. S. Technology investments by American Companies and china new shares, genta meets to invoice for ride jerry i had of a meeting of the regional block, echo aust on thursday