The indictment brings felony charges against donald john trump. Rudolf William Lewis giuliani. Every individual charged in the indictment is charged with one account of violating georges record to your influenced and corrupt organizations, act from participation in a criminal enterprise in fulton, county, georgia, and elsewhere. John henry has the latest now from atlanta, of these charges included racketeering. One of several charges against donald trump and that is listed as a serious felony. All the rest are listed as felony. What that means is that this is a charge that carries a cent instead of up to 20 years in prison in here in georgia, there was a minimum sentence of 5 years in prison. So it was a very serious charge for a man whos trying to be elected president one time again, there were also as many as 18 other people who have faced indictment on this same list of documents. Rival functions of fort in and around libyas capital gum battle started following the detention that they come on to whose forces control much of tripling. How does that was reportedly captured by arrival function of the cities baton . The airport with lights have been suspended, boring functions of bottles, the control of libya, sentiment gonna off. He was coupled and killed 12 years ago. But it failed in hawaii is going to say, doing well, 5 is reaching 99. 00 with a governess. Thing that number set to rise, official se efforts to find and identify the dead. I mean the stages, the west African Regional block echo as has condemned the decision of monsieur as many tribute as to prosecute the post president for treason according to yet another provocation. So those were the headlines. The news continues here and ill just say are off to counting the cost the state. Your thanks for watching, backing off the showcase best documentary films from across the web on al jazeera, the hello, im adrian said again, this is counting the cost on al jazeera. You know, we can look at the world of business and economics. This freight, Central Banks, a holding gold, increasingly moving the reserves 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 the fax plus, the textile industry is often called the backbone of practice tons, economy. The sector is bearing 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 debilitate 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 bought a staggering 70000000000. 00 worth of gold. Thats the most in 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 go visit as well. Russia has been stopped piling gold for the past year as it tries to circumvent the impact of western sanctions. 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 another 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 sold tons of it during the code of 19 pandemic to shore. Opposite our economies to go results a captain underground volts are stored with 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 pine into gold. Oh, you know, i think its 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 gold than, 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 to key have been being buyers, although it took you know, this year to a key high 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, need to add the 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 to all of the reserve currency the world. Theres no doubt that there is a Big Organization underway. And in fact, its been going on for quite a quite, quite a long time. Its not just kind of the aster mine, so the war and ukraine and the freezing of the rest of the Central Bank Assets dollars 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 if 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 despite all right to, 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 tends to um, gold gold tennis these 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 treasures that give you 4 or 5 percent returns. Having said this, we seen the dramatic change in the reasoning or the way the uh, the aptitudes of Institution Investors there looked less sensitive to that. And it looked 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 thats the 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 nicholas. 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 a big 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 reserves home or away from the potential interference wolf western governments weston 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 ukrainian and then the invasion for ukraine has, you know, api 5 b. And its okay. Alright, okay. 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. Here. You mentioned the price is a hovering around bought 2000. 00. Announce right now how, how much further do you think right now its uh its, its now closer 2191900 the above 2000. Okay. 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, we are as a very i t point it out. Were not there to give investment advice, but what we can say is that we can see investors are still interested in gold. A, 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 in that offers very healthy, very important supports the price because its been great to talk to you on terms of the costs many thanks and the for being with us. Thank you, adrian. All the best. The. Now the eye clinic, 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 billionaire offered to foot the bill for use this 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. Houses there is Victoria Gate 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. Um, so 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 strikes 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 bulk sucka bugs 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 lynn is fredericka county. Find out whos a tech expert, a tech policy expert could tell you, let us further you can look. Is it on bucks serious here . Should bosses be worried or is this just a publicity stunt . Thats real easy. This for what it is, its a publicity stunt you dont last has provided no details whatsoever about what im 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 does 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 phase 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 tate 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 i 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, fully. You notice, theresa . 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 we 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 gonna work out, but this is a little less quit with. Were talking about here at the moment, everything looks disastrous and this, this plan for an everything up to an x into a, into a we traps if you like. Uh, that 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 advertisers 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 perhaps they all kinds of threats 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 is 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 the 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 it 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 further is a great tool to on counting the cost many thanks and date 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 this is alex pet reports. The city of fi, its 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 currency makes and pulsing rule materials very difficult. Now what are their dozens of factors that closing under the cars are becoming job less the even dont have the money to give our next bill. That is our isnt does this, that this looks like the graveyard of the machinery. And the reason is, is that our government 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 yes, but the yet where do we suppose to go . How are we to send . No children to school and feed them. We can only work if this work. The politicians are stuck in the politics. No one cares about his work because 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 a have recently a great, a 3000000000 dollar 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. 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 size 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 they dont 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 or theyre going to high to increase the electricity. That is what price that makes it very difficult for some of the excited farms to somebody. 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 site, the super so so, so it makes us the other thing that happened in the last year was in board ban. So even though that was 17 evaluation, they started fall within the last year, but any unable to import machinery unable to replace sparks. So they were so as of the next few minutes, a to quite a few issues in the last year. Uh, the invest feet high captured some customers and regarding some customers that cool ish, that usually use to me as ordered by mothers in china. But because go ahead and shut down the with their partner if any problems are able to get some customers from the study. But now because of hired status 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 the foot for that load on our rippling out of white 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 along with that, the government also has been okay. Interesting to me to re highlights on where to start falling from february. And if the Interest Rates would start coming down the very next year, the important thing that theyre going to look at right now is fixing the power sector and reducing the testing the sector, which will allow this to like the, the stock 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 they come to the other thing, the goal mention, okay, when 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, the scores. So the minimum wage is annalynn stock, the budget on make or no 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 intellectual, right. So whats the outlook yourself for 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 vi there has been massive evaluation to be an effective expand. Youre just finally below a 100 and its been done for july and august. All has been full of states based small consequences. And with the funding exceeded in height or the ex toner and account situation could remain resolved for life. This was great to talk to you on counting the cost Manufacturing Day for being with us. Thank you for waiting on that. As i show for this week, if youd like to comment 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 light e mail us thats counting the cost of the houses here. I 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 account shopping. That is it for this edition or caption of the cost. Im adrian instead of going for the whole team here in bo, thanks for being with us. The news on al jazeera is next the african narratives from africans perspective. From debit trust, but its a little while back i taught things in a Short Documentary from an african film make is from mommy and gabon being that free samples of the way redeem the heritage and making her future direct on. Ill just the most endangered marie memo in the world, the by keep the planet smallness pull voice. There are any between 10 and 13, list. The navy in the seahorse, but patrolling the waters to try and save the money. They had some good news. A survey show to keep those numbers for the state stable, the pools and the buckwheat, this decline is credited mainly to the mexican navy putting down Amazing Concrete blocks with hooks to snag and again, thats the no fishing, so 10 to 13. But keep this, does it sound like a lot, but most people expected it to be wiped out together by now. Its a big deal that its so for escape extinguishing the hello. Im down in jordan doha, with a quick reminder of the top stories here on alger 0. Former us President Donald Trump has been charged with trying to overturn his 202020 election defeat in the state of georgia. The indictment is trumps for criminal charge to see if its for my Legal Advisor with julie on it was also indicted or every individual charged in the indictment is charged with one account of violating georges record to your influenced and corrupt organizations. Act from participation in a court