A land lost to seeing his roots, his identity vanished and the water Nicholas Hawk al jazeera. Providence island. Liberia. Ah what you all deserve me said hill robin duvall. Reminder of all top stories. The Israeli Military has admitted for the 1st time that al jazeera, gently, sri now blackly is likely or hostile was like to kill by israeli gum fi. Its released, its long awaited reported to her death saying theres a high possibility. She was accidentally hit by israeli troops who were responding to fire from palestinian gunman. Israeli army says he will not pursue any criminal investigation. The sasha can, im has more from ramallah. Not a surprise to sharina family, not a surprise to the policy in authority, not a surprise to the palestinians that weve been speaking to and even not a surprise. Within the israeli public, it was predicted actually that criminal investigation would not be launched. The thinking being that with everyone in israel, having a Family Member who has either served or is serving in the Israeli Military, that even if a, an investigation was lodge, that would publicly name a folder and people would not would be loath to do that. There was also little precedent of in his really soldier being convicted. There was the case in 2016 were an israeli soldier, shot and killed a palestinian man who was already lying on the ground injured. He served 9 months in prison, but in any event among the palestinian of populace. This was not a surprise. Mistress has been picked up the new leader of the u. K. Conservative party and will replace Boris Johnson as british Prime Minister trust secured over 80000 votes. Beating former chancellor wishes sooner by wrong. 20000 ballots can use supreme court. The william retail within last month president ial election, his rival, riley, and challenge the result, claiming that the vote was ranked. But the court has now thrown out all of the allegations. Those are the headlines you follow the stories on a website with the dot com. Ill be back with more news in half now. Next, its counting the cost to stay with us. Ah, i hello, im molly inside. This is counting the cost and al jazeera this week. Unprecedented flooding in pakistan has left more than 1100 people dead. And has displaced millions, the government estimates damages of at least 10000000000. 00 a blow to the already struggling economy. The race for the optic Global Warming is causing ice sheets to shrink opening up new shipping lanes and access to vast Energy Resources that has increased geopolitical tensions as well. Power tried to tap into the regions economic potential. Also this week, Microsoft Partners with catalog to launch a global data center, the fust in the region to develop digital capabilities and support innovation across industries. Stay with us as we look at the world of business and economics. Ah, we begin in pakistan. The most devastating flooding in decades has left one 3rd of the country underwater and affected at least 33000000 people. Entire villages, all submerged roads, bridges, and Railway Lines happen washed away. And farm lines hop been destroyed, displays pakistani need food and water on the threat of water born diseases is growing. Well, the government says it could take up to 10 years for pakistan to rebuild and repair its infrastructure. The planning minister says preliminary assessments suggest losses, of least 10000000000. 00 at a time when the economy is already struggling. More than 80000000 hexes of crops happened destroyed. Agriculture is the biggest sector and contributes about 23 percent to pakistan. G d. P. Rivers have bus fare, banks and dams have overflowed, damaging more than 3400 kilometers of road railway tracks, bridges, as well as home schools and clinics. They was robbing as this report from the village and sin province. One of the hardest hit regions, the. 6 this is the faith of hunger. To describe what is happening here as desperation. Trivializes the extent of the suffering the we spoke the 1st on as she was headed into the fray. She says she had no choice. And who do go to the houses have fallen down . Dont have changed. We cant shade our children from the sun. So houses have been submerged. I swear to god, there is nothing. All our belongings have been washed away. We pull our children and they are just sitting the Senior Army Officers leading this relief operation. Tell us their orders are use a light touch, help everyone. But making sure the weakest in the crowd, women, children, the sick and elderly dont get pushed to the back of the long. Often requires for the the armies arrived at this village. This much needed humanitarian supplies food mostly and theres been a scramble at the supply truck because people here know that there is not enough for everyone. But they are still the lucky ones here across the way where the road has been completely washed away. Or people cut off from other villages and they are just hoping that someone is able to swim some supplies over to them. Who is the most deserving . Who should go 1st . Seems to be an impossible decision. I know we, but if anybody, my gentlemen, theres no reason to worry, god willing it will and well get something. Okay, but calmly wait your toe and every one will get help. Reassurances bring peace, but only briefly about as the trucks begin to empty, panic returns and people jump the queue once again. That survivor say not to do, sir, is to choose death. If you dont good food will just a duck and die. What else can you do . I dont have any bread. I dont have any water. All the children are starving. Bringing order to the chaos caused by floods is an unenviable task. And one that has only just begun to take a more in depth look at the consequences of the floods on the pockets on the economy on join now from islam above by im a hobby khan who is the group chief risk officer at conduct pucks. Don financial services, thank you for your time sir. Pocket stones planning minister said this week that early estimates put the damage from the floods at more than 10000000000. 00. If that estimate is correct, how devastating a blow is that for its economy. So that is a fairly early estimate. We expect something around 20. 00 to 25000000000. 00 to be the total economic cost. Once the water receipts what that does, and we can really see what happened right now, whats happening is because the rules and the infrastructure is on a broken knox track sauce. And then well just stop which are the hardest ones that are under water. Its not even possible to take relief, butcher, the hardest areas. So it will take time before we truly understand the gravity of the situation and the economic costs. If we have to assign a number toward, i would say needs to be at least 20000000000. 00. If not more so double that estimate. We know the agriculture makes up 23 percent share at the countries g. D p. More than 80000000 hectares has already been destroyed. Of onions, tomatoes, rise, other crops. What kind of impact is not likely to have that is going to a fairly massive impact on economy growth, as well as one of the inflation and more importantly, food security. Now whats happening here is the rain scrub send, which basically wasnt growing at this point in time, right . And gotten no rise. We had a major export. Right. So whats going to happen is we wont be able to export, right . They will actually be a shortage override in the country, so that will lead to increase in price. Right . Similarly, a lot of condiments and budget tables fail also been destroyed and including i means tomatoes which are essentially staple goods. Means higher prices for them prices for to meet, or the onions have increased more than 100 percent or the last few days. Because the infrastructure broke in the supply chains are broken. And its not possible to take tables from one point of the country to another. Thats where the government is really focusing on in opening create with india so that we can import these essentially the stables. Let me pick you up on that that point about importing because pocket stones economy was already struggling with a huge current account deficit, high inflation because of over reliance on imports. And now as you say with so much of the food destroy, theyre going to have to import more. This couldnt have come at a worse time. Could it for the countries finances . That is correct. This is possibly the worst time. The major damage actually happened on the day when im, if program got through. So were looking at additional deficit of around 5. 00 to 6000000000. 00 in addition to the deaf in the back or there earlier. Because i said earlier, we wont be exporting a lot either that right, but we will have to import additional food as well. So the balance of payments is going to be lately, only a few hours, but we have the finance minister coming live one tv that be may go to the game for another. And we didnt the facility so that we can bring the required for boarding food. The i m f has agreed to give pockets, don, as you say, this lifeline of about just over a 1000000000. 00. If they had to receive this strong shift money. Was there a real concern that the country might even default . No, no, it wouldnt have to load it in a different because for a default to happen, you need to let and not be able to pay money or pay back the bond or excel. And that bias on sufficient fund order placed itself to ensure that it is able to pay off the extra credit. But that would have meant massive austerity and pockets on which one man significantly higher prices of food and Everything Else and even rationing. We talked about the short term need. Things like food shelter, but they are, of course, the long term needs. Once the floods go away, the rebuilding infrastructure. I mean, what kind of costs are we talking about . Were looking at massive gone share. Just a rough estimate. Were looking at at least 3. 00 to 4000000000. 00 for just revamping the wrong network and building all the bridges that have been destroyed. So thats 4000000000. 00 off public capital, public money that needs to be re invested to go back to a base. Similarly, about a 1000000 the houses have been destroyed fully or partially of that, those roughly 700000 houses arent similar. So we estimated roughly 6. 00 to 7000000000. 00 of just reconstruction costs. That would be from private gap or not. These are people who are already fairly below the forwarding language, show them and they have seen the lines have seen the crop for the year completely gone. So there is a severe capital crisis as well as the private capital does not exist, really rebuild. And thats where the government is also going to step in android. Some kind of facility to enable or support rebuild involve houses. Infrastructure focused on suffered from similar, devastating floods back in 2010. Were any Lessons Learned from that disaster . Sadly, know that since were not from the disaster, we are still building houses. They are still building commercial, stablish minutes on riverbanks. Were still building been doing construction in our growing flooding. So there is a severe, i would say, lack of compliance with building for the infrastructure guidelines, which are initially leads to such a law says run flat really, really interesting to talk to her be con group chief risk officer carn does pockets on financial services. Thank you. Thank you. The now we go to the north pole, a country border, the arctic circle, and many that territorial was, is an exclusive Economic Zones overlap. Its harsh climate has been a natural barrier. What would the effects of Climate Change warmer temperatures have made the region more accessible, and that is opening up a new front line in the battle for Natural Resources and maritime trade routes. Estimates varied, but about 15 percent of the wealth, untapped crude oil and fed. If its undiscovered, gas is hidden below the surface. And as i sheets melts, theyre presenting opportunities for Energy Companies to explore oil and gas reserves with trillions of dollars. The arctic is a major source of Mineral Deposits vital to developments in science and technology. Read elements the used in smart phones and computer hard drives while Platinum Group metals like palladium have medical applications and i use in the manufacture of Electronics Like catalytic converters. Im the icy waters a rich in plankton and fish stocks, the art to coastal states, china. Im the you sign to tracy last year to prevent unregulated fishing in 2800000 square kilometers of international waters. It aims to ensure that future fisheries in the central arctic ocean will operate sustainably. The northern most region of the planet is warming up 4 times faster than the rest of the world. And far more quickly than scientist had predicted, Research Shows nearly 60 percent of the polar ice cap has disappeared. In the past 40 years. This is opening up the Northwest Passage as a short cut for shipping between europe and asia. Joining me now from the city of prom, sir, in no way is mobs. Christopher isaacson month is the executive director of the arctic ican moment council, which is an independent organization which represents industries in the arctic region. Thank you for joining us. Mabes, not the arctic is quite different from other parts of the well, many people might not be familiar with it. Can you tell us about economy . What does it involve . Traditionally, there are 2 region has been, you know, a place for tourist shipping for many years. And, and fishing, but, but its also, its thinking, its changing a lot these years we have birth school farming. Satellite companies are looking north by an of asian. But overall, you can say the arctic region is the region of opportunities for many, many countries in the world are struggling with the energy needs at the moment. So how have the Global Demand for Energy Resources impacted your economy . People are definitely looking knowles for many reasons. But also for energy reasons. Traditionally we had the, i mean, this region has been and 11 way or another Energy Export or for many years. But in, in the past 50 years, its mainly been oil and gas and youll have it in alaska. Youll have it in no, no way. And of course, also russia, russia is heavily dependent on, on, on the oil and gas being the dues, and l n g being produced and artic region. But let me say is its also else i thought the Energy Sources else have renewable if you like, the thermal in iceland, women, finland hydro, in norway and even solar panels in small communities. But energy, stephanie is a big employer in the region and it has a big Economic Impact for the communities there. You mentioned russia, russia, the rich resources you are talking about have drawn rival countries like the u. S. Russia and china to compete for Strategic Influence in the arctic. Is this a good thing or a bad thing for the optics local economy . I mean more attention is always good for small regions, so we are massive region when it comes to land mass, but we just for 1000000 people. So the region has so many in a post bar for Climate Change until political challenges and, and now we also start seeing it as and he cannot make opportunities as i mentioned, light energy and fish. And is also a home for many people. So people will like investments, people like investments and infrastructure. And this attention that we see from countries like india, china, japan, etc. Thats a positive interest. 60 percent of the polar ice cap has disappeared in the past 40 years, which has opened up things like the Northwest Passage, which is this short cut 1st shipping between europe and asia. How beneficial is that going to be . I mean, the people, those of us living in dock, so were really the 1st to see and experience the problem of trying to change a recent report for some years back showed that Global Warming happens at 3 times the speed and arctic. And now both reason news is even full times and someplace its even 7 times the global average. It has some opportunities in it, but also a lot of challenges that challenges are like permafrost, routing infrastructures, new with a hurting drones for indigenous communities. But some of the opportunities is, as you mentioned, new shipping routes or new fishing areas. So what we have to be aware is we have to find the balance between, you know, responsible and sustainable development. And we also have to remember that the global melting of place here in the north also affects the rest of the world. It does indeed. So what can be done to stop this damage and what is being done about it . A lot is being done. I think the most important thing is we dont stop punishing the people in dock tick. Those form of the people are not admitting all the seo tool that causes this Climate Change. But we definitely feel the impact. Looking at the positives, i think we should look at like developmental hydrogen sold through dr. Region Companies Investing in hydrogen because we have a lot of renewable energy. You can also see Companies Investing in battery production for electric vehicles. So we have to start looking at new technologies, we have to do some kind of energy translation. And also we also have to look at Climate Mitigation for those communities affect the, the Climate Change. How is the arctic going to be able to help with the man for food . Im very glad you bring this up because i really think this is a perfect opportunity for the acting today. Only 7 percent of the worlds protein intake comes from sea food. And in the arctic region, i mean we are, we are a big land mass surrounded by water and we have a lot of fish to feed the world. So it, we, but we have to look at, its not only about the fish, but its also using more of to fish. So countries like iceland, countries like norway, a very, very far with bio innovation, like using fisk and for farmers surgical industries. Food security. If you want to talk to kids, you should definitely look up north and you should definitely look told opportunities. What about tourism . You talked about how tourism has always been a staple for the arctic, but surely its now becoming even more accessible to people. I think, i think after the co, with, after the pandemic, a lot of people says, do i want to go to, to paris berlin, london. Or do i want to go to the wilderness in no, no way where i live, for example, do people want to go out though and experience the beautiful nature . And thats really what we have to offer. Like where i live. We have northern lights, we have whales outside, we have, you know, perfect for skiing, you can write a dark sledge and so on. We just have to be careful in the small, fragile communities that we dont get mass tourism has to be high in tourism and im sure we can get that. One of the other issues were seeing is the planet gets hotter and hotter, is that people have to find somewhere else to live and people are moving north. What opportunities can this part of the world provide for immigration migration . I mean, we love migration and immigration because 1st of all, as i said, we have massive area, but with only 4000000 people. So we got plenty of space from all people. Some of the Biggest Challenges for the arctic region is one is attract more investments and secondly, its a typing people. So we have a graphic challenge like anywhere else in the world. Lets urban i sation people are moving to the city. People are leaving the region and we have, we have, if you want to work with the green translation, if you want to work with hydrogen, a battery production, you really have to move up north. And its also very easy place to move to, apart from decline. But can be difficult for some people. Really interesting to talk here. Mad, christopher dixon, executive director of the economic council. Thank you for your time, sir. Thank you for having me. Good thing. He. When katha, microsoft has partnered with the ministry of transport and communication to launch a Cloud Data Center is expected to provide Digital Transformation opportunities for organizations and businesses in the region. The center aims to establish katara as a Digital Innovation hub in line with its National Vision 2030 expected to add 18000000000. 00 to the economy in the next 5 years. It will also create 24000 new jobs and we skill 15000 people every year for future positions. The data center establishes capital at home to one of the largest cloud infrastructures in the world, serving more than 20000000 businesses. Because there is some ive been debating at the launch where he met lana class country manager at microsoft castle and hassan just seen outside from the ministry of communications. Say it tells us why kathy needs the data center and how it will be beneficial. Well, happy to have our 1st data center over here, partnering with microsoft. We believe in the ministry of the that the data center is one of the Building Blocks that fosters the i c T Development in country and accelerates a Digital Transformation that we are we in the city as well as a country and general heading to. So we, we think that the data center will bring a lot of benefits for the, for the Public Sector in terms of accelerating. They do have a transformation which in turn to bring a better efficiency, Better Services to the public, as well as the private sector. And investing and ecosystem around the data center. So basically the data center on its own as a starting point, allow either companies or look at companies to innovate as well as to i tried for an investment and country very quickly. So how does it work and how secure is that data going to be . Because if companies have not been going to work the Digital Transformation before, how will you convince them now . Sure, definitely the security is an important matter for us. And we understand that there would be some worries about having especially the Sensitive Data for to and our public cloud for, for that, that way. We in the ministry, we have it reduce in me this year, a framework a Cloud Security framework. So that protects the kind of data and we actually end up process. So we also did using a digital ages of policies to ensure all of this private information is kept secure. And whenever we think about data, we think about security. How secure is Microsoft Network and why should people trusted . Thank you. For is definitely the 1st thing for anyone to adopt. Any Cloud Technology out there is they need to trust them. And microsoft runs on trusted. We invest more than 20000000. 00. We have an investment of more than 20000000000. 00 on Cyber Security for the next 5 years. We have more than 100 Global Certification on our clouds more than any other cloud provide that out there in the way. But also we want to have not only that that, that, as you see, we also want to comply with the look and policies and those. And this is why we also are the only cloud provider today that we have acquired the. And i, a National Information assurance policy certification from the national Cyber Security agency. And when we think of data centers, we dont think of data centers in the desert. It is going to require a lot of energy to keep it. Cool. As you know, that computers need to be pulled down. So why choose cutter and isnt that going to be detrimental for the environment and very cost heavy microsoft data centers. Ive been on the highest standards of sustainability in any country in the world. So definitely our data centers that will achieve what everyone 93 percent more Energy Efficiency and more 9 to 8 percent more carbon efficiency than any other Traditional Data Center to they said, telling you that it is going to be more sustainable to have a data center rather than having it somewhere in europe or, or central a 2 hour Sustainability Standards have an opening an ac. And were also taking some more measures on suffering ability that you will hear about utilizing many of them thats got that has a question in the environment. So definitely, every country has some kind of when some have phone or has done. Some has others, but everybody and every country can contribute to sustainable. At the end, well be able to design a sustainable dr. Sunset in any country and that is. So for this we get in touch with our buy twisty meet at multi site and do use the hash tag a j b. When you do all of that email, counting the costs at out there at dot net is address movie online on al jazeera dot com slash ccc website. Thatll take you straight to the page which has individual report links. And then ill ask you to catch up on that fit for this edition counseling costs time money from the whole team. Thanks for joining us. The nice on out there is a ah, in the year 1271, a young battalion i set out on an extraordinary journey. Carrying letters from the pope for the great cooper. Com marco polo travelled through water legions, following dangerous roads from the holy land and beyond. To day, from the shadow, professor shout has travelled from china to venice with surging questions of how the relationship between east and west has changed. Oh, marco po, now on al jazeera ah al jazeera a with samuel ah, for the 1st time ever, israel admits it. Soldiers likely killed al jazeera journalist, sharina apple actually