A forces affiliated with the parallel government, led by fatigue bush advanced towards the west of tripoli. They also advanced in the south of tripoli, which saw clashes erupt in and around, around the capital. Unprecedented sliding across pakistan has now killed more than 1000 people since mid june. More than 30000000 people have been affected. Famous robin has this update where im standing right now is really a snapshot of whats happening all over the province of sin. Flood survivors are fleeing the affected areas and they are setting up camps, make shift in the waters edge in places all over the country. On the 1st piece of dry land they can find now just over my shoulder is a small group of tans, a small encampment locally. Theyre calling this a 10 city. But these are barely tense, theyre very, very rudimentary shelters. We spoke to people there who say that they are suffering with skin diseases, illnesses, the hydration, hunger, thirst. They have no villages to go back to because their villages are now simply gone. The un has condemned and if you can, government as strike that killed at least 4 people on friday says the attack had a kindergarten in mckayla, the regional capitals to drive the government has denied targeting civilians. The conflict between the rebels and government for again, nearly 3 years ago. Serbia and course of all have agreed to allow Free Movement across their share, border fitting a dispute about identity documents that you negotiated. A deal designed to reduce tensions at the border. As the Headline News will continue here on al jazeera right off the latest episode of counting the cost. See that by examining the impact of todays headline . Is that both hardliners . What then . Setting the agenda for tomorrows discussions, i would likely is that, that ukraine is actually going to get the rebuilding support that it be International Filmmakers and war glass journalists bring programs to inspire protector at their government. I dont think i can return to my life anymore. I thought is eroding some of it from my spies. Freedom on al jazeera. Ah, [000 00 00;00] with hello, im still robin, and this is counting the cost on al jazeera. Youll wiki, look at the world of business and economics this week. Resurrecting coal in europe, several european nations, reactivate coal fired plants after a ban on russian fossil fuels. Could that fill the energy gap and will climate goals the up in smoke . Also this week, joe biden colds at the final piece of his domestic agenda. The Inflation Reduction Act is the latest legislative when full, the u. S. President , tackling Climate Health care and tax, but is it enough . After years of exponential growth, tech giant suffered painful losses. This year. So why are investors ditching Technology Stocks and is the party over for the sector . Ah, the European Union is trying to say gas full wind. As Russian Energy flows become increasingly uncertain. But the block has to bend Something Else to fill the gap. And its looking to hold the most polluting fossil feel, despite the plan to cut Carbon Emissions in the coming years. The International Energy agency says that use coal consumption is that wise by 7 percent this year, however, it could face a shortage in supply. A band on russian coal came into 4th earlier this month. The European Union band, russian, coal imports in response to the invasion of ukraine as part of sanctions in april. It says the measure is expected to cost small scale more than 8000000000. 00 in last revenue a year. The block imports almost half of its cold from russia, with germany, poland, and the netherlands, the biggest buyers, almost 70 percent of the e use thermal coal, which is used in power and heat generation comes from russia. Now some Member States have extended the life of coal plants or reopened others to safeguard power supplies. Others of ramped up supplies from several other countries, including colombia, australia, and the us. Poland particularly relies on coal. Robin gas, the power and heating the country is now facing widespread, cold shortages after russian imports of fuel were banned. Andrew simmons reports not from cotton pizza. Poland prides itself on its potential for being totally independent of russia for its energy needs. But there is a problem. Its a shortage of coal, not gas like the rest of europe. Rough roads, coal center is normally stocked up for winter by now, but he cant find any cold to buy. And if he could, hed pay almost 4 times what he used to use them on cam. Im not a minor origin. Ologist put the coal is right here. Beneath our feet and ive been trying to buy it for 3 months with 0 result. Hes right, this region is rich with coal, but polish production is limited, and the government has banned imported coal from russia, even though its cheaper and more suitable for domestic use. We didnt invest in Nuclear Power yet. Oh, we cannot rely on natural gas. So all we have is gold when it comes to the heating sector. This tuition is even worse because we were heavily dependent on russian co. Poland burns, a lot of coal, 87 percent of the total for households across the European Union. Coal mines surrounded by cues of trucks cant meet the demand. And if people knew the level of profiteering going on, they be even more alarmed. Theres a reason that truck drove us from all over poland are spending days on end and cues like these. Its because the loads may be small, but the profits are big. Drivers are known to make at least a 100 percent profit from a coal yard dealer who will then raise the price by at least another 100 percent. This driver admits the 2nd old will suffer for we knew that we thought what the government should do is get pension as a special allowance on coal delivered to that door. Its sick, i dont want to profit from human misery, but thats how it is. The government says an annual coal allowance of around 630. 00 a year will help a ministers say companies are importing coal ahead of the coming winter. Polish companies are now importing call from other countries from columbia, indonesia, south africa, and replacing with that does the quantities of called and were coming from russia. Its a bit of a different logistics, so it creates challenges. But right across poland, people like this homeowner feel the government isnt doing enough. Joining me now from berlin is professor cast and nor half no cost in these the Climate Policy department that the German Institute for Economic Research and as the professor at the institute for economics and law at the Technical University of berlin. Its gustave with us on counting the casa, i mean the cold and has now gone into effect. I mean, how much of a coal shortage crisis is looming for europe generally speaking . Well. Ready colors largely shipped across the globe. So am the ban and russian culture us primarily means that we are getting call from other ages of the world. The prices have exploded on called global cool markets. So i think that is f net affecting everyone that uses coal. We have only one big issue right now due to the draught. A lot of the shippy in land in europe is a constraint that is the more bigger concern right now. So what do you make of that sort of situation in, in europe that coal is re emerging now as a primary Energy Source and it comes, as you say, at a cost. We see, i think the transition strategy over the next 23 years to have a bit more whole throughout this period than was planned at the same time, the emission targets full year 2030 our firm and they will be reached by accelerating the renewable deployment. Rather than by more coal beyond this very short period, crisis right now, i mean, many is still debating sort of the potential effect they want issues and the net effect really on Climate Change in the i. E, a says the ease demand is to rise by 7 percent. Does a considerable amount, even if its in the short term. Were on the coal certainly, and we know that to produce one megawatt of electricity from coal takes to for some called 3 times more c o 2 emissions than if you do that with gas. But at the same time, we do see big assets to safe gas across europe as much as internationally, and this will at the same time, also safer on emissions. So the net effect for European Missions i would have to pay is going to be the reduction of emissions altogether due to the large savings triggered by programs and the very high prices for fossil fuels. I mean the debate continues amongst critics. They often talk about the fact that europe was previously shutting down coal fired plants. They were still getting polluting fuel from russia in the form of coal. I mean, where does europe, for example, get its coal now in this dilemma that europe is facing because its damned if it does and its damned if it doesnt. Well, i think fossil fuels. Heather horrific footprint, and i think this indeed is something that youve seen the policy arena where policy make us up really striving hard to respond to the situation. You had called exporting countries both in the o d like us are trader, but also beyond this. And in a way, any author, she will you by had the footprint before every to 0 and then then you burnett in europe. So this is i think that we use a lot of policy makers tend to accelerate the phase of fossil fuels. And at the same time want to balance this to ensure the energy is available. And to some extent, you can talk about the fordable in this transition. Period, of course the, the banum coal aims to sort of punish russia for its invasion of ukraine. How painful is still going to be for moscow in the short term and the long term in your assessment. So far as i can still export the coal to some other parts of the world and the global coal prices, typically in the range of m, 50 euro have increased to Something Like 350. 00 euro. So even if i refuse to sell at the discount, i think at the moment it certainly is probably not very painful for russia. I mean, when we talk about renewables is all, i mean, how complacent has europe be . Not to have a backup plan in the years leading up to this particular event and the invasion of ukraine and all that come with it when it comes to both gas and coal supplies. Because at the end of the day, they have implemented those green policies as quickly as many would have liked. What do you think the agency is now . Is there an urgency to get that impression from the noise is being made from various capitals across the continent. I think theyre seen by everyone the urgency to really make Additional Energy available to replace gas, particularly strong now, and obviously call them by 2030 as well. And this, i think its reflected in this additional increase of the renew the target from 32 to 40 percent of all energy to be provide about renewables by 2030 europe. This obviously they need to be backed up by a set of policies to finance investments. Renewables indicate the integration the grids, and to do all the things around our Energy Systems to allow for that faster shift. And i think if you look across your piece ministries and in brussels, everyone has been working throughout the summer to kind of help to make this Regulatory Framework fixed up at us. Its good to get your insight and your thoughts as well. Professor cast no have joining us from bell and thanks very much for your time. Thank you very much. The. The high prices are suit, housing and energy left incomes overstretched polling suggest millions of americans angry about the rising cost of living. President joe biden has said, taming inflation is top priority, and he signed into law a sweeping 750000000000. 00 tax health care and energy bill, which ends to lower prices and tackled Global Warming is a major victory for the president and the Democratic Party ahead of mid term elections in november. This bill is the biggest step forward on climate ever, ever as gonna allow. Gonna allow us to boldly take additional steps toward me. All my climate goal was we set out we ran, were going to cut the deficit point out by another 300000000000. 00 with Inflation Reduction Act over the next decade for cutting deficit to fight inflation. By having the wealthy and big corporations finally began to pay part of their fair share, a larger 2. 00 trillion dollar spending package known as the build by better act stalled in Congress Last year. The new legislation, the less than biden, originally wanted aims to achieve many of the same goals. One of its Top Priorities is making health care more affordable. The bill will give medicare the power to negotiate the prices of certain prescription drugs. Expiring Health Care Subsidies will be extended for 3 years, and its the largest Climate Investment in american history. Almost 400000000000. 00 a new spending will go towards clean energy and climate projects to help cut Carbon Emissions by 40 percent by 2030. Much of the money to fund the initiatives will come from tax reforms including a new 15 percent minimum tax on large corporations. The Inflation Reduction Act is the latest in a series of legislation delivered by congress that could help form the core of President Bidens economic record. His wins include an almost 2000000000. 00 su plan to help get workers and businesses through the pandemic which was approved last year. Plus a one trillion dollar infrastructure bill and around 280000000000. 00 in spending to encourage Domestic Semiconductor Manufacturing and Scientific Research to counter china. Im joined by so each are in geneva. Hes the chief economist at lombard o d. A bank. Good. Have you with us on the program . I mean, weve been discussing the impact to burning more coal in europe on those climate goals. How much would sort of the new us climate bill law help to save the planet if at all . Well, the short answer is that it is not necessarily a short term Game Changing because of this is leisha. Now its not the less, a pretty well designed bill. It addresses significant challenges when we think about analogy and climate and health care, but it is a 10 year plan. Its relatively small numbers when you think about the scale of the us going to me. When you think about the immense challenges that we face when we think about climate and it is on a 10 year horizon. So you know, perhaps on do margin it is going to head, it is necessary. But in the short term, the impact is going to be relatively small. Of course, we have to consider inflation. I mean, this act is called the Inflation Reduction Act. But how much does it really tackle inflation . And i mean, doesnt the Federal Reserve really and its decisions on Interest Rates really determine where inflation fits . Absolutely. When the transmission mechanism to limit inflation is mostly job reduction in the deficit. But also trying to reduce headscarf costs. So it might have a minor impact. But again, it is a 10 year plan, the fed is facing inflationary pressures and has to try to dumping them in the next 3 to 6 months. This is not the kind of time horizon in which we expect a lot from d. R a d i r a, so relatively limited impact on the shore on the short term, but in the long run, you know, limiting deficits also means that fiscal policy is moving in the same direction than money re policy. And that is a good thing. I mean, what do you make of quit explaining by nova the pandemic stimulus plan and how that infected inflation is, or is, or was that policy part of the problem . And, i mean, it didnt generate a very significant demand. Boom, thats now results in inflation. But it was a policy choice. We also have to keep in mind that, you know, perhaps doing fish that we have today is the price that we have to accept to pay for getting out of depend demik extremely quickly with relatively limited damage to the job markets. In the long run, of course, i mean if you will see damage to the economy, as you say, that the cost of living for every individual, including many americans, is the big issue. What can the president do to reduce the pain here . What it needs to keep moving in the same direction as the Federal Reserve, right . The policy has to be committed into limiting, short term inpatient re pressure. Its pretty clear that the u. S. Federal reserve is going to shift to a restrictive stance and probably stay they will know more relatively soon on on that trauma. So basically the Us Government has to act in the same way and basically not put forward policies that might actually increase spending and therefore inflation that if the president and the Federal Reserve are working, you might say independently, they all have to Work Together to tame inflation. And that comes with its own risks, isnt it . Because there are many factors that are influencing global inflation right now. So what direction do you think or do you see the american scenario following . Well, there are 2 sides. Know, 1st of what we have to accept show or demand, there is going to be a gross cost into fighting in faith. And it does mean that we will have to see some damage to the labor market. But again, there are 2 scenarios. It can be very significant and uncontrolled damage, or it can be relatively mild and well, well organized damage. Thinking about my refresher. Know, well, its relaxing the soft landing despite, despite the fact that they will be some cost. So thats one engineer, a slow down and demand, hoping that that slowed down wont be too severe. And the 2nd part is make sure that the supply side of the economy continues to operate in the right way. Making sure that the supply side stress continues to, to i bait. So with the chinese reopening here, were thinking about Commodity Prices as well. Were thinking about the cost of shipping and also potentially labor shortages. So its really about the supply side and the demand side of the economy going in the same direction for an improved inflation elk. And of course, you know, any policy has to be a win win policy financially for the public at large. And as we sort of head towards the end of the summer and into the autumn, a win at the ballot box in mid term elections is very important. So is money in the pocket, the positive difference americans will vote for in your opinion . Well again, what is what is very important today for the administration is to is to be budget. Because all that has been designed in the i are a, making it a budget neutral piece of legislation. So yes, there is increase spending that they are a credit subsidies, but the idea is that, you know, you raise basic, you count on raising revenues from minimum tax and, and some other elements. So pretty clearly whatever happens in the mid terms, its not going to be easy for the administration to have the same level of freedom of action when it comes to, to legislate. So that way that wed be a home government in, in a way of some formal position, which means that whatever Device Administration wants to do, it has to do it before the november election. Because after that, were going to be in some form of a party because gridlock. Interesting times, good to get your insights on each other from lumber, china in geneva. Thank you very much. The pandemic has wrecked havoc around the world in the past 2 years from travel and tourism to manufacturing. But one sector has reported. I watering profits tech giants apple, for example, had so much extra money that it bought its own shares with more than 90000000000. 00. Thats almost as much as kenyas annual g d p. Now though, as the world opens up, people are relying less on technology to shop work and play up last that status as the most valuable company in the world. Ali the share. Shares of Technology Firms like shopping fi and netflix have been in free fall in the past few months. Plummeting as much as 70 percent Tech Companies like amazon and apple recorded better than expected results for the 2nd quarter earnings. But many firms are skating back hiring and slowing down Spending Plans while to discuss all that home joiner by daniel eyes from new york. Daniel is the managing director of Senior Equity Research analyst when bush security is good to have with us and counting the cost. I mean, in general terms, daniel, what do you make a sort of the tech giant sales and profits in this quarter . Look, i think overall, its better than feared. I think many were expecting armageddon. I think you all to me will, can microsoft, apple, amazon across the Board Holding up firm then expect clearly. Here is darker storm clouds and the horizon given what we see in the macro. Why are invested in ferry selling off their shares and stocks in tech when these companies have been on a winning street for decades . I mean why they being ditch now . Look, i think in tech stocks overall. I think the over corrected earlier this year. But, but its a rubiks cube, mac or, i mean, given what weve seen in the fed given recession and the hiking of Interest Rates, i think what were seeing is just the risk off across the market and tax the actual front and center. So i think theres a fear of whats around the corner is the going the 2nd half in 2023 with the recession. And i think thats what youve seen. Tech stocks under such pressure. And even though these youve been said sort of golden darwin but the last years, thats why multiples of compressed like to have me talk about recession. I mean, the Global Economy is there is a huge question mark for many countries around the world and for the businesses on, in those top or in states. I mean, what are the main challenges for companies anywhere in the world, the matter whether established, look, i think theres uncertainty across the board. I think the bigger worry is, you know, how this is gonna play out if its going to be a software or hardware and how is that consumers as well as the enterprise environment . Not so its a complex geopolitical as well. But i think when you look at big tack as well as you know, i work in the, even my tasa across the board. You can the man around the edges come off, but were still very bush and tax documents of the 2nd half of the year. I think tech over cracked and i can tell you cover and tack over the last few decades. Its extremely negative in terms of the sentiment. Unwashed re, i mean, its hard to say the bubble bursting perhaps full tech giants in the us to the public domain. When, when the public at large and look at giants like apple and the rest of them, i mean, it only takes one good idea, one new development. So to, to make things quicker, faster, more efficient on those tech jones back on topic. I mean, how do you see that development happening in the years ahead . I think protect the rock of gibraltar. Theyve almost become utilities for the average consumer. And thats why you look at apple, youre talking about install basement, almost 2000000000. You know, in terms of consumers, and even when we look at i phone 14, i look down the road. Ok. Apple in terms of have an a r b r. That would be apple glass and well probably be baffled. Car in 2025. You could the cloud in terms of microsoft, amazon, google does not go away. Were going to have clearly recession, but we believe its going to be short. And ultimately on the other side of this, thats why we want to be on impact. X starts, in my opinion, needs the best ways to get theres a couple of new developments happening well in the last few days. One was President Biden sort of investing through his new legislation into the 70 conductors. And chips also were looking at becoming an apple thinking about moving their operations from china to countries like india. Perhaps. I mean, theres a lot of movement. There isnt. What do we have to look out for as a sort of the big game changes . Look, i think theres movement, but realistically, probably the next 57 years. I mean, you may be of 34 percent that moves away from china. Thats the us in the earth. Some other countries, i think, reality is that the supply chain is cemented in asia. If investors are questioning where they put that money when it comes to investment, especially in tech stock, what do Tech Companies then have to do besides in been something new perhaps to attract those investors back or at least give investors be encouragements that they shouldnt be left behind i think one thing is really around cutting some cost and making sure margins the firm during a re, sasha. I think youve seen that from apple, microsoft. Google among others in terms of cotton cars. But, but also they have to make sure that the growth stories continue. And i think that some of the challenge that youre seeing with networks. But then on the other hand, if you can facebook, i think thats where theyre going to such a massive transformation in terms of the matter versus really waived in social media. But, but ultimately its really holding their hands during these transition. Thats why ultimately in this market names like apple, amazon, microsoft, theres a, some are favors facebook example of a company where, you know, they have to really get through that transformation to the metaphors for investors to believe that that, to be successful. Interesting chat. Get your insight daniel. Im the managing director of what it is in new york. Thanks so much for joining us on counting the cost of that. So ill show you the sleet got in touch with us by tweeting meet at so underscore rahman and to use the hash tag h a c t c. When you drop us an email counting the call that algebra dot net that multi online account. Is there a dot com slash ctc thatll take you straight to our page, which has individual report links and in time episode to you to catch it. And thats it for the addition of counting the count to im. So hell run from halting by joining us. The news is next here on algebra. I the oppression of an ethnic minority and man, mom goes back many decades. The intention was to make sure that bro henders were no longer entitled to either a basic gripes or citizenship right. Al jazeera explores the history and motives behind the systematic persecution after a hinge and me and my exiled on al jazeera frank assessments. How much support is there if its straight protests that weve seen in Hotels Across the rest of the country, the street has been, has been very good. Thats happening into the co confound people across the country. Informed opinions we will say more of the, the venue. What is happening is that Climate Change it to making them work in depth analysis of the days global headlines. Froggy is credited by some way where they were storing italys credibility this critics would say he couldnt play the part of a politician. What do you think went wrong inside story on al jazeera, ah, debbie crashes between rival Armed Robbery and libyas capital stocking phase of return to civil war. Ah, cutter and keep it out. This is alice is, are alive from doha. Also coming up. The u. N. Is set to launch an emergency aid appeal as hawk a san struggles to cope with the worst floods in living memory