Unless they did not protect him as they should have protected him. The state was in charge of finance or security. The state is directly responsible for the murder of my husband. The state still has to give many answers about everything that happened. His personal gods did not do the job. I do not want to think that i sold my husband to be noted in this way. At least 89 people are dead and moving a 1000 us still unaccounted for. After a while fires ravaged the Hawaiian Island of maui. Many, including the states attorney general, are asking why the uninstall islands didnt sound well, although were not systems fail in west africas regional block echols is to send a delegation to new jersey to try and persuade community does to step down the shares, ministry has held a meeting of its interim government and says it has no plans to see power at glass says its repaired to take military action. But the suspended i plan summit of its defense chase, us republican president ial hopefuls are attending the iowa state, fer it happens every year with roughly a 1000000 people turning out republican leaders, donald trump, and run desantis. Both night appearances from repeat to the full claim to crowds that he won the 2020 election coming is supposed to be put into defense ministers says the countries voted with better routes is in danger. He says, mints best buy must goes encouraging a legal crossings to destabilize, poland, russias walk, and the group set up a base and, but i roost. Last month today, the police pulled a full service funded by deploying troops with time to send up to 10000. 00 to the area. I can take appointments to has been named and practiced on, on why or how cool it has been nominated to lead the country onto its next general election election date, which is still to be set will actually go ahead without for my permanence to enron. Come, he was convicted for corruption last week. Im sentenced to 3 years in jail. So those are the headlines, but hes continues here and ill just say are off the counting the cost stations as to what you bye for now. The showings degree here is coming over our heads from russian positions and new cranium. Positions have been standing about how they were directly targeted as they were trying to sleep. Weve seen some of the residents come out of the building with that possessions in suitcases by substantial safe anymore. What happens on that day is a war crime shows how many regions across the lines and know that the level of destruction here, proof of just how fits the fighting has been in recent weeks this russian or dont. Some on a street has been a place of pilgrimage for centuries. The, although im adrian fund, again, this is counting the cost on al jazeera. You know, we can look at the world of business and economics. This rates, Central Banks a holding gold, increasingly moving that resolves back homes boulevard for the precious metal. Continue. Also this week 5 of a posts on his ex platform on most of told employees treated unfairly by the bosses that hes got that fax plus the text on industry is often called the backbone of practice tons, economy the site to is buried the front of the nations financial crisis. The it is precious of themselves as a safe haven, a hedge against Economic Uncertainty and investment favorite for its debility, traitors, investors and governments have often looked at gold in times of market volatility. 2022 was an exceptional year for the yellow metal to mon reached its highest level, and most of the decade, Central Banks globally port, staggering 70000000000. 00 worth of gold. Thats the most. Its 73 years of now it seems the world is looking again to gold as a hedge against uncertainty. For months, banks have been selling off the gold stocks. Now the bank buying again, the World Gold Council says the purchase isnt the 1st half of this year. Were the highest on record. The biggest bias, but peoples bank of china, turkey, india, and the e. U also ramped up that drove us as well. Russia has been stopped piling gold for the past year as it tries to circumvent the impact of western functions. So why do Central Banks like gold . Well, the metal holds its value during economic turmoil on like currencies or bones. Its price actually tends to rise when the value of the us dollar falls, that encourages Central Banks to stockpile gold, to diversify the reserves away from fall, a tile currencies hedging against inflation is one of the reason why Central Banks forwarded. The metal has limited supply, attends to preserve purchasing power against wising prices. That a one 5th of all the gold ever mind is held by Central Banks. The us has the biggest reserves, many central bank, sol, tons of it during the code of 19 pandemic to shore. Opposite our economies to go results a captain underground volts are stored with the Central Banks of broad including the us federal because of of the bank of england. Joining us now from single voice nicholas gonzales, who is managing director at the metals focus. Hes a global Precious Metals expert butare with this because it was russias invasion of ukraine in the subsequent sanctions that triggered last. He has gold rush. Whats behind this . He has pilot the gold. Oh, you know, i think its uh, in many ways a continuation. What weve been seeing for the last couple of years, really price of the crisis, the expectation, especially the early part of the year, the expectation that the Federal Reserve would be forced cost rates a lot sooner than the reality has proven it to be the case thats what drove the price of back of up to 2000. 00 announced and look more generally. The gold has basically proven its metal, and a lot of investors are looking to its does a diversify air. And Central Banks have been continuing to buy will be its not us uh, aggressive. Yeah. Last year home. Theyre still in the bid. Are there any particular countries that are leading this, this ross whos buying more golden than anyone else . Well look, i mean, uh, naturally, uh, the countries that be in terms of reserve managers, the countries that have been over the last decades really buying gold, developing nations, the nations of have dont have legacy Gold Holdings as a result of being part of the Gold Standard china, russia, the key have been being buyers, although took, you know, this year, the key hi and fucked on that seller. Recently for various reasons. But yeah, so some of the european east European Countries helping buyers in the last decade. But yeah, basically countries that for lack of a better word, needs to add to reserves because theyre not already overweight, like the western ones are because what, what does the implications of the, of this for that for the greenback that the, the us dollar, the reserve currency the world, theres no doubt that there is a Big Organization on the way. And in fact, its been going on for quite a quite, quite a long time. Its not just time of the aster mine, so the war and ukraine and the freezing of the rest of the Central Bank Assets dollar eyes ations has been going on since the early 2, thousands of as, as banks have many diversifying against the facts to reserve currency i think its a bit premature to stop making long term projection us or id say the it seems to me it comes flaming. And i think gold is also um, you know its, its part of that move, but i think its a little bit um, we cant really look at the goal. Does the principal driving forces be storage, but it took to what extent the uh, the, the, the trend towards Rising Interest Rates across the world, playing into this, this, this appetite for gold. Well, and perversely, um, gold depends to um, a gold gold, tennessee whos out when Interest Rates are rising, right . Because effectively higher Interest Rates mean a higher risk free or a higher cost will carry. So why buy gold . Which yields 0 or best . If you basis points when you can, 9 started by treasurys that give you 4 or 5 percent returns. Having said this, we seen the dramatic change in the reasoning or the way the, the aptitudes of institutional investors. Theyre a little less sensitive to that. And a lot more keen on the gold, surely because of its having proven in the last 15 years and numerous crisis that weve seen, weve gone through that its a very solid, a successful the versus fire. Alright, thank us. Ill be back with you in just a moment, a growing number of nations, a re patry aging that goes off to a freeze on russian for an assets separately. Venezuelas government has recently lost an appeal to gain control of nearly 2000000000. 00 in gold. How old are the u. K. The bank of england refused to release them as well as assets, citing doubts over the legitimacy of president nicolas. My daughter is winning 2018 nations gold resolves, felt by nearly 12 percent in the 1st half of the down to 61. 00 tons. Nicholas rochas gold reserves are stored very much at home. Of the Central Banks, though, a pretty one they dont they because as we can see in the case of dennis, whether its its easy to freeze gold assets that are held abroad. Yeah, of course. Look um, traditionally, as a central bank, you would want to keep as much gold as um and then the big chunk of your gold reserving long. And because thats where you could basically mobilize it blended out. Or if you wanted to sell it, it would be a lot easier to sell it then when you were, if you were adding 2 years as it would be a lot easier to just add to your local london account. Um, but uh, as a very id pointed out of the importance of having a piece of portion of your, uh, reserves home or away from the potential interference wolf um, western governments western powers. This is, you know, hes become very apparent and i think the freezing of russian central, the rest of the Central Banks assets in the aftermath of a people, the ukranian. And then the invasion of are you pray has, you know, api 5, be 0. 10. Okay. Alright. And what about your, what about venezuela, nicholas . I mean, what are the chances of of venezuela unlocking its assets, its gold assets held abroad in the near future where it doesnt look very likely. Right . I mean, uh the, uh, the bank of england is not budging. And you know, frankly so, so why were unlikely to see massive sales from the venezuelan central bankers as a very right, the point that out about more than half of its holdings are now effectively looked away and kind of be touched. Okay, lets get back to the weather in the future twins. Yeah, yeah, im ready. Lets get back to the market. You, you mentioned the price is a hovering around bought 2000. 00. Announce right now how, how much further do you think, right . No, its a, its, its not close, its 8191900 the e club of 2000 apparently in the year. All right, thats fine. But i, we, we set to see those highest again, any time in the near future. And were not about giving Financial Advice on this program, but, but shell the likes of me and anyone watching me thinking about investing in gold right now. Yeah, look, im, were as a very, i to point it out. Were not there to give investment advice. So what we can say is that we can see investors are still interested in gold. The, you know, even though the persistence of high Interest Rates is a head wind for the price and we could see lower prices. Its, you know, because without the possibility we still see very strong interest in gold and that offers very healthy, very important support the price because its been great to talk to you on terms of the cost of an Effective Date for being with us. Thank you. Adrian, all the best. The sound, the iconic blue bird logo is going to to, is now re branded as x ito mosque is no stranger to making use. This time for outlining his vision for the platform for the notice towards up part of his plans include making the social media sites a haven for free speech. In a recent announcement, the millionaire offered to foot the bill for use as to suit their bosses if they think theyve been treated unfairly for posting on x. And he says theres no limits to those funds despite plunging advertising revenues. Obviously respiratory okay can be reports. This is what is the worlds most use social media platforms now its building at own that you know, musk says ex, formerly known as twitter will pay. The legal bills of uses has been treated quote unfairly, by employees because of posting or liking something on the site. So whats behind this announcement at the time when his social media site is struggling . Hes trying to attract attention to sophies told him what he always does, which is the purpose of the without actually necessarily having any, any intent sorta think of following through on it. Because uh, the actual logistical implications of how you would do this. Or just as well, you know, most boot twitter last year for 44000000000. 00. Turmoil followed after he fired hoff the workforce. Since his takeover, the company has lost hofords advertising revenue. In july, the logo changed mosque said it was part of his vision to use the app for multiple purposes, including audio video chatting and payments from a brand or business point of view. Its completely irrational. Its probably the final strike in the complete unwinding of twitter and likely going to be good for you on last because now people will be talking about his expiration. Not how much money hes going to be losing on twitter the most because referred to acts as the so called everything app powered by Artificial Intelligence pushing it, place it ages so called soup apps. We checked in china is one of the regions biggest platforms. Its used as a one stop app for millions of uses daily needs. Well beyond just messaging. Mosque is also facing competition from an old. The 3 mark sucka bigs, met the owner, facebook launched arrival platform last month. Cold threats. Musk says monthly uses of ex, reach what equal to high of modem, 540000000 in july. He says there will be no limit to funding, uses legal bills, victoria case, and be for counting the cost. What does this cost of this . Joining us now from the land is fredericka comp time out. Whos a tech expert, a tech policy expert could tell you, let us further or you can if look, is a little mask serious here. Should the bosses be worried or is this just a publicity stunt . Thats really easy. This for what it is. Its a publicity stunt. You know, must have provided no details whatsoever about what sandy treated means. You didnt provide any information for how people can get in touch. I think this is a distraction from the real and Serious Problems that the companies facing. Yeah, i mean, im talking about the serious problem and how on earth could, could he fund this . I mean it, theres no way that he can pay Legal Expenses which could fit into millions and millions. If enough people came forward. Exactly. I think it doesnt even mirror in a more detailed discussion. Its a, its a distraction similar to the, the fist find that he announced was eat on mosque. And its a distraction from the problems that the company is facing. People are leaving on math. A study has shown that the majority of americans for were on twitter, have sort of reduce their activity or thinking about using in the last 12 months. So thats a real serious problem that the company is facing. And then the other one is, since, you know, im asked took over harassment, incitement to violence have skyrocketed on the platform. And thats a problem for a company that wants to be a trusted public town square. The center for countering digital hates published Research Showing that hate speech and this information have been spreading like wildfire on the platform on the mosques ownership. I mean, he does have a serious image problem right now it doesnt take with, with x, fully known as twitter. I think its a bit more um, its a bit more than an image problem. So things havent been rosy at the Company Formerly known as twitter for a long time since years. Organizations Like Amnesty International or the london based jill glitch has documented how, especially women of color, queer people are disproportionately affected by violence and online hate. So this is a longstanding problem. Now what you know must catch them is one of the 1st things he did when taking over the company was significantly reducing the trust and safety teams. He eliminated the essex team and he also reduced the human rights team. So these are, this is a very clear signal, and now were seeing the consequences looks as more than a problem and drives people off the platform. And the drives advertise this a way to doesnt mean that, i mean however you looking at this, this re branding this, this takeover has been a disaster in business terms. Hasnt come ex, formerly known as twitter. Now thats catchy, is that kind of survival of this. Thats a very, very difficult question to answer, but you definitely, by this is this about much more than, than human rights. Its about business. No advertise wants to advertise next to election interference, incitement to violence. This isnt good for brands and weve seen brands leaving the platform. Now were seeing people leaving the platform. I think there are 2 issues here at the root cause. One of them is a real misunderstanding on the side of mosque. What freedom of expression actually means. And then the 2nd one is a gamble, so the gamble is that 1st of all people want and everything app. So an app that you can use for right chairs for payments. And then the 2nd gamble is that people will trust x. The Company Formerly known as twitter, to be that everything brand, and this is a really, really big gamble that im not sure its gonna work out. Yeah. You. So youre not sure its going to work out, but this is a little less quit with. Were talking about here at the moment, everything looks disastrous and this plan for an everything up to an x into a, into a we traps if you like. Uh, the does a bit of everything. I mean, what are the chances in 5 years time of, of you and i turn it around and having to, well say, well, we got that wrong. I used really well. I think what hes missing in the equation is that people need to trust an app that they want to use for everything and was harassment. And its still a social Media Company down. And as a social Media Company, its not meeting their responsibility. And as a result, people dont feel safe, people dont have trust. And if you want to be the app for everything, you definitely need people and advertises to trust you. In the meantime, over a mess of course, monk, a book has large freights, which is a kind of a twitter is not there yet. Its lacking many of the features that the twitter has. How much of how much of a fresh is that to what ex, fully notice as twist. I mean, its clearly as correct. They all kinds of correct in the form of a ton of tips like mastodon, but also blue skies. Take talk has also launched a tank based sort of communication. So theres lots of competition happening at the moment. So yes, its a threat, but i think lets not forget what twitter really was. Twitter really was the town square. Its when movements like black lives matter. Me to all the merge and i think um with this fragmentation that were seeing now, it will be a charter for any of these apps to be this sort of place, the town square, where were having these kinds of debates. Whats your gut feeling . Are we witnessing the death flows of, of, of a ones fine social media platform here . Or will ex, somehow managed to, to reinvent itself . If x wants to x wants to reinvent himself as a product that has more features, but its neglecting the core responsibilities that is social media platforms simply have to take on. And i think if and will not work out, the reason that people no longer feels safe and then people dont trust the app. Im going to contribute to his docile for the week are great still to on counting the cost many thanks and they, for being with us. Of course, any time i can start is of course, one of the was leading tech style produces it, supplies everything from genes to towels for bias, mainly in the us and europe. But the industry, which accounts for the 60 percent of exports has been hit hard by the economic crisis. Manufacturers of shut down or no longer running at full capacity now does zeros and expand reports. The city of fi is all about is famous for its factories, but many struggling to stay open. The price of electricity has increased, making it more expensive to run machinery. And the collapse of pug stones counts a makes and pulsing rule materials. Very difficult, never. And there are dozens of practice that closing hundreds on all of our cars are becoming job less even going to have the money to give our electric bill. That is, our isnt does, is that this looks like the 3 of you out of the machinery. And the reason is, is that our gomez is they are one of the shows. They are busy in the game of fiber. Everyone in the city has felt the impact of the crisis because it gets here that you but the other when i yeah, where are we supposed to go . How are we to send the children to school and feed them . We can only work if thats work. The politicians are stuck in around politics. No one cares about his work has pakistan has lots of poverty and unemployment because of this industry. So many of us get what and run our household, especially important for women because the onto lots of opportunities. Generally. The i am a frequently agree to 3000000000. 00 buy allowed with pucks down government bus. One of the conditions is an ins to energy subsidies. Business leaders are urging the government to protect the textile industries. They say the success or failure of pucks down the economy could hinge on us alex bid for counting the cost. And joining us now from karachi and pakistan is yourself and folks who has an economist and director of research at chase securities, protected with a set yourself up, the tex dot industries was purely down to the economic crisis. All of the factors that play. Okay, so it is the excited of a large part of progress on the bottom. It makes up 8 and a half percent of g d, b, its 60 percent, all progress on the exports. The fox of economic prices that are, that are window headed to take started sector and that are parts that are not going to have it over the next started as much, for example, the Interest Rates have gone from 6 percent the many people saying, so thats a very big lord on the income statement, all excited company, and its very difficult to survive at such high interest for expecting your spot for news, i think was a fine mist condition. Uh, the domain is high to increase the electricity. That is what price that makes it very difficult for some of the excited farms to. So i, on the other hand, what happened is that theres been significant guaranteed evaluation, which has started to kind of be in the experience on some segments as it makes understanding good side pc, but so, so, so it still makes it back us. The other thing that happened in the last year was in board ban. So even though that was 17 evaluation, they started farms in the last year, but any unable to import machinery, unable to replay, sparks. So the size of the next few minutes are to quite a few issues in the last year. Uh, the speed has captured some customers and the customer, the cool ish, that usually used to be as ordered by medicine. So i know, but to be called go with and shut down the with their partner if any forms are able to get some customers from the study. But now because of higher data is getting ready to go to retain those customers. As you said, that the tough conditions imposed on practiced on by the, the i m. F for, for the, for that load on our rippling as of right across the economy at affecting everyone in society. What does the government need to do to keep business moving to incentivize businesses to keep the production levels up . Oh see, i think the currency, the valuation that has happened over the last year and over the last year and before that is what is going to have big starting exporters become cheaper manufacturers on the board. But along with that, the government also has been okay. Interesting which already height, i dont wish to start calling from february. Anything interesting. I start coming down february next year. The important thing that theyre going to look at right now is fixing the power sector and reducing test in the sector, which will allow that theres 2 slight fee to start coming back down again. A source of passed and transmission and distribution loss is always a big issue in progress on and the government has to fix that, so that status and then become lower. The other thing, the goal mention, okay, when say the minimum wage is in the minimum wage in countries that progress on your next tires and other industries compete with like a so the scores. So the minimum wage is annalynn stock the budget on make and ill make progress on significantly more expensive than others. One of the reasons why are you gonna ask some people high a minimum wage is because 5 percent, thats a reasonable price. Thats higher than the in the last year. Right. So whats the outlook yourself . So the people of pakistan who was suffering a great deal at the moment economically, is this short term pain for, for the price of times, just around the corner. You mentioned february being a key date, the policy makers, they need to stick to a Floating Exchange rate, which can absolve any shocks that come into the economy, the outlaw food very far theyve on the outlook and i think the worst is known behind. And now we know the situation should really start improving the value. There has been massive evaluation to be an effective it see here it is finally below a 100 and its been done for july and august. All has been posted based more under consequences and with the funding exceeded in height, or the external account situation could remain resolved for life. It says grades till 2. Im counting the cost Manufacturing Day for being with us. Thank you for waiting on that. As ill show for this week, if youd like to comments on anything that youve seen, you can text me on the platform formerly known as twitter. Im at a citizen. Try to remember to use the hash tag a j c t c. What do you do . All you can drop us a line e mail us. Thats counting the cost of the houses here. Dont match. Thats probably more for you online at i was 0 dot com slash ctc. That takes you straight to a page that youll find individual reports links at a time episode, steve, to catch up. That is it for this edition of captioning costs . Im adrian. Instead of going for the whole team here in the thanks for being with us. The news on alpha 0 is next. The, every thing is being handled. Its being, its being measured. And its not just i say instead of like say, i mean make small things out of the state. At the moment. We are in a State University where it would start and did something that was throwing back would rather take the risk of democracy to the risks of dictatorship, digital dissidence. On out to 0. For 30 years french carried out new to your tests in the pacific, exposing locals as such workers to high levels of radiation. 11 east investigate the ongoing for lots of Nuclear Tests in french polynesia, the pacific forgot to new to your victims. I know it just 0, the at least 8 to 9 people are dead and the thousands are still missing in hawaii as well. Fine. And then now the deadliest in the us, more than a 100 years. The other ones are in jordan, this is down to 09 from doubles are coming up to thousands of on forces an equitable rate of present to remove it off. We can lead a link to the coming of a president ial candle across this meeting