Transcripts For ALJAZ NEWSHOUR 20221014

This is al jazeera. Ah hello, im sammy say die. This is the news out live from dell ha, coming up in the next 60 minutes. Turkey, i says its studying Vladimir Putin proposal to establish a regional hub to transport russian gas to europe. The u. K. Braces for the possibility of even more turmoil will report from london is the bank of england ends its bond buying scheme. Israeli forces kill a palestinian after a storm, the jeanine refugee camp in the occupied west bank and more than a 1000000 people this place, nigeria says communities remain unreachable after its was flooding in a decade. And its full. Manchester united lee, it late in the euroleague, a stoppage time winner against them. I mean, if you see, they still have a chance of talking decor. Ah, always thought this news, our inter kia, where present the project. I bought it. The one has ordered his officials to study a proposal by russia to set up a regional gas hub in the country. The russian leader says it offers the best route to re direct gas to the e. U. After the north stream pipeline was recently damaged. The leaders have been meeting in Catholic Stan this week. Russian Gas Pipelines will reach torque here and possibly to italy. Out of the on says both countries will start work immediately. Now the bank of england has ended its emergency bombed buying scheme. That means the bank will stop buying Government Bonds from today. On thursday, the International Monetary font sharply criticized the British Government after its financial plans, calls havoc on the markets. The british chancellor is defending his plan though there was some turbulence. I am frank christopher. Okay. Though, after the really book where im sitting here talking about the global challenges, everybody is focused on inflation. Everybodys affected by a potential Interest Rate rises, everybodys affected by the energy price spikes, which have been exacerbated by putins illegal war in ukraine. So everybody across the Global Financial community is really focusing on the same problems on these blanca joins us now live from london need. Lets start with the obvious budget elephant in the room. Any sign the government will do another, you turn on its fiscal plans. Go look sammy, were waiting for real a day of political flit of political and economic turbulence. I think its fair to say this off the back of the suggestion that the government may well be poised to initiate a you turn on some may not many of the items within his controversial mini budget announced by quasi quad saying the chancellor and he a few weeks ago, this comes off the back of news that he has come to his meeting in washington dc at the i m f. Short by a day boarding a flight to return to the u. K for consults with his boss, liz, trust. Im the suggestion is that he may well be presented with a list of some of the items in his many budget already cra, crossed out with a red ink that he may well have to agree to. Or he could well faced the possibility of losing his job altogether. All of that, of course, complete to speculation at the moment though, he is only 24 hours ago, was adamant that he was going to be steaming ahead with all of the aspects within his mini budget. But given the weights of pressure, given the impact that the budgets had on the value of the pound on Interest Rates and on the bond market, he may well be left with very little choice. An interesting point though, is that the, the markets appear to have already acted in anticipation of a u. Turn the pounds, strengthening the bond market strengthening as well for the 1st time in and quite a few days. The indication is that if quasi crossing a list, trust, do not you turn and say, i said surely hold the hands of the market and calm the market Going Forward. And who could well see a tremendous amount of time balance. This is a key window of opportunity in which the governments are forced to act. A knave how our markets reacting then so far to the fact that the b o a has ended its bond bind program so far . Lace well this is interesting one because this was an emergency measure brought to him by the bank of england. Because the ball markets suffer greatly directly as a result of being spooked by the many budget a few weeks ago. The governments governments around the world, of course, raise money in different ways through taxation of the boring, boring on the bum markets, in this case, from the sale of so from bombs. Io use essentially where Pension Funds and other organizations buy these bonds, lending money to the government in turn, and in return for the all of that, they get a, a certain degree of interest back and thats how they make their, their profits. The problem is that the marcus was spooked so much that it led to a file sale of these bombs rapidly lead to great fears about the impact on the pension parts. For many, many people Going Forward to the bank of england, essentially stepped in creating a safety net lasting only 2 weeks to hold the market in place to buy an unlimited number of bonds for a limited period of time. Now that, that 2 week period is up, the expectation was that they would be turbulent on the bond market. But as i mentioned before, there is this anticipation that the government is poised to make a u turn. Meaning that those markets appear to have stabled. So its really down to the government now to decide to seize this moment in time, to rethink something that up until now theyve been pretty adamant they going to push ahead with. And the clock is ticking. Leave isnt there, well leave it there for now. Sure, well be talking more about this in the days. Had they fog from london . Lets take a closer look at the emergency bon buying scheme than the central bank. As neve was explaining as in buying bonds, to stabilize their price. After that many budget announcements sent markets spiraling down bonds are sold by the government to raise money. It needs for spending Pension Funds, generally invest in bonds. They provide a low but generally reliable return. If bond prices fall, it sold before they lose too much value, which could cause some Pension Funds to collapse. Susanna street her is a financial analyst from hargreaves lansdowne. She joins us from bristol. Good. Have you ever so go try and, and break this down in as simple terms as possible as not everybody gets finance. Lets face it now. Whats been happening basically, you k bonds their, their loans, you make to the u. K. Government, when you buy one. Right. And their price has been going down because people have had doubts about the u. Kays latest budget leaving the u. K. In a good position to be taking loans from people. Right. Thats the gist of whats been happening in the bond market yet as being at a loss of competence in the governments handling the u. K. Governments handling of the economy following the many budget now already own prices were falling and yields the Interest Rates on those funds. Were rising because investors wanted more money to invest in u. K. Government debt. That those guilds bite dramatically after the many budget because they were real phase of actually many of these tax cuts there. So well being bro, shell, what unfunded. And of course, they came off to a huge mat, spending what just during the pandemic, but then again, for the freezing of energy bills and said there was real worries at just how this would be paid for. So you saw investors steering clear of buying u. K. Government debt and those who were buying it were demanding a much bigger return, which is why he saw those yields race up, which put Pension Funds, who had and been taking pos and Financial Engineering to ensure f as were fully coasted. Goodman of a difficult situation because then there were collateral cause. So they had to scramble to sell assets like bonds, which made the situation worse. And maybe we should break down that loss bid of what you mentioned, that why would it put Pension Funds, explain to peers . Why would put Pension Funds in a tough position if the price of bombs goes down . If they dont, as long as they dont have to sell the bonds, theyve already purchased at the higher price. Well, what was happening is they said, the pension comes, were investing in whats called liability driven investments. And this meant that essentially they were matching Certain Holdings with other holdings to protect themselves against the fluctuation and Interest Rates. But the problem was there was such a dramatic escalation. What was meant to protect them, actually led to them facing a very precarious situation. Because what had happened as part is liability driven investments, is that they do use derivatives, which is a form of financial instrument to borrow on assets that they have in their portfolio. To them buy more bones to try and death. Mariani shortfall which then freed up all the money to buy equities or higher growth assets to try and make sure that their Pension Funds were fully funded. But then when he saw his will spike in prices toys overnight, that then meant that those, those positions taking, it became extremely precarious. They both prices fell and then there were these coals actually them to stump up the cash to try and cover that shortfall. So, and its pretty complex situation that the Pension Funds by themselves in but the irony is there in this situation because then they were trying to protect themselves against these waves of Interest Rate, rises and falls. But in fact, this dramatic rise put him in a more difficult situation. I guess time will tell now whether this is going to be a real long term stabilization. Well find out thanks so much. Susanna street her has returned to our top story now and present roads of time to go on as ordered is officials to study a proposal by russia to set up a regional gas hub in the country. Rationally this says it offers the best route to re direct gas to the e. U after the nord stream pipeline was recently damaged. The leaders have been meeting in cassock. Stand this week, rush and Gas Pipelines will reach total ear and possibly to italy, or the one says both countries will start work immediately. Sim, cassandra joins us now live from a stumble. So cylinder explained to us how this proposed gas hub would work well for the last 3 days, everybody is talking above the russian president put into a proposal to turn to key or into an energy have a supplier. And yesterday when prism was returning from us, found out its, its very clear. He spoke to the reporters that were in his playing. And he said that it put in and himself gave the necessary orders for the to the Energy Ministries to do the necessary studies. And after the studies are finished, and they will be no waiting and the project will kick start. And today are they may, is here because of your foreign minister is here. And just an hour ago, turkish and concert for ministers were having a joint press conference. And this is what we asked them about. Because there are challenges ahead when we were talking about transferring russian guys to the European Countries and between europe and russia, there is the conflict and turkey sport. Mr said that these should be the as well. The most important thing is the customer demand, which are the southern European Countries, but to kia has a big luck to become a hub. And also he mentioned that as cuts are, is a very experienced country in terms of l. N, g and other energy transfers. They also this, the leaders also discuss together about this project. But of course, diverse cation of Energy Supply is the most important thing. But at the end of the day, this is the southern European Countries, the potential my could that would the side by russia, i guess, or not all. I cynical, so ill do that. Thanks so much. Now a palestinian man has been killed by Israeli Forces during a raid on the jeanine refugee camp in the occupied west bank. Confrontations broke out early on friday. Palestinian factions of colds for a day of rage. At least a 117. 00 palestinians have been killed by Israeli Forces in the occupied west bank since the beginning of the year. Brought him his live from ramallah for office in the occupied west bank. So in the last few days, when talking about troubles in short, shaw far refugee camp. What happened to get things kicked off in jeanine refugee camp . Whats happened is that these really forces have rated that you need refugee camp and its bounding in the air. The hours of the morning leading to confrontation, an armed confrontations between the armed men in the jeanie refugee camp. These really soldiers, these raids are not something new. They used to happen on a nightly basis. Now we see them happening even in the light leading to confrontation by palestinian men in the janine refugee camp, who believe that the Palestinian Authority in the International Community is not doing enough to help them get rid of the daily violations of these really occupations. So they take up arms that they want to fight these really forces. Weve seen a lot of people from jeanine itself, committing shooting attacks and attacks inside israel itself as well as in other places in the occupied west bank. This morning. 20 year old boy has been killed by is ready for his fire after he was taking up his weapon and fighting these really forces that the re did the camp. His funeral is under way in g need 6, other people were wounded. One of them is in a very critical condition, and 2 of those who were injured were medics who are trying to help them. And all in all, a 3rd of palestinians were killed since the beginning of the year in the occupied left bank by Israeli Forces are from jean and were killed in jeannine, including just the us shooting and walk. All right, thanks so much over him. On plenty more still had on the news hour, including the cranium forces, re take more territory in the southern the have san region. The russian install governor is asking civilians to leave the area patrols, running short and queues for fuel are getting longer in france as unions dig in on a strike action oil giant total energies and sport. Another star performance from this player in the Major League Baseball playoffs, and hell be here with that story. Ah, now people in the flood ravaged regions of nigeria are becoming increasingly desperate. More than 500 have died around 90 of them in just one boat accident in a number of states amended race has more. Oh, here in wiry conditions for the displeased are getting desperate with just to was to sunset for the served in this camp. The deficiency, you know, accommodate hundreds of people. Missed food. Yeah. Its not, theyre not, were not, were about 3000 people that is here. 1000 people in the back on this, this one and we bought it from delatory. Each other to was she says they havent received any relief supplies from government, business flights of ravaged at least 27 of nitrous 36 state destroyed lives, crops, and horns and ridges like a number. Officious yet tell us that hundreds of thousands of people in several communities are still out of reach. Nothing has been heard from some of them in nearly a week. And the passengers off a boat that capsized a week ago killing about 9 to people while fleeing the submerged communities in sight of help. Emergency agencies had warned, of destructive floods this year. But the level of government preparedness was poor. So to was peoples response to evacuation warnings that has left victims. Lanky jenny, wondering what the future holds . Alabama, my do my, all my kind image. Theres nothing to go back to. If my house is left standing, my animals crops, everything has gone, all my teaching up with our number is one of the worst affected states. Officials say the data science have been there yet, the federal government has failed to act. Cameroon wants about this. And so we know that every 2 or 3 years this happens, gemara would open up the damn. And then it comes. Yeah, i wipes off everything. I mean it gun. I get to a point where the, what i walk, im and enveloped the entire country. Nigerian Officials Say humanitarian supplies have been distributed nationwide, but that is little comfort for hundreds of thousands who are yet to receive any help from government at any level. Allow me to trace is life for us now from our cut, in the se med how hard are things where you are right now . Looks pretty. Thats pretty tough behind you. Exactly. I mean, its been raining all night yesterday, and this morning we walk up to showers and this could find a complicated effort to reach those communities cut off by the floods number listed and many possibly country. Were talking about tens of thousands or even hundreds of thousands of government Officials Saying, and now the biggest concern is the increasing amount of rain that were receiving. Ideally this is the, this is the end of the rainy season, and the intensity of the reins is supposed top dropped by now. However, what we saw in the past 3 or 4 weeks is such that the rates continue to just drop from the sky and not just complicating already a bad situation. What were hearing down south downstream towards the niger delta is the flooding is now increasing the intensity of flooding. Its increasing that as well. This is the rule, while the flood waters up north, in the central parts of niger here in the southeast, will drain into the delta and into the atlantic ocean. What we hearing now in states like rebates and by also state communities. Entire communities have been flooded by one of the major high was linked by you also state one of the Oil Producing states in nigeria to other parts of the state like real estate and even to lagos has now been flooded and cut off completely. So thats the situation people are dealing with. Now were talking also about reaching those communities is becoming difficult because of the rising level of water in those communities, government agencies, it might just work as on able to reach such people. Now this is what is happening in most parts of areas impacted by flexibility. Suddenly i, thanks so much i did raise brandon about a co walsman is the Deputy Director for relief and rehabilitation at nigeria. National Emergency Management agency. He says bad weather is hampering rescue efforts. My tim was Deputy Governor and you confirm that on a daily basis. The flawed tips are expand and we should know to communities that that door were not affected by the floors. So they are still deployed as soon as i. Yes, it is still ongoing. As we speak to do. There is one our lovers of national Emergency Management reducing which caused our car. I mean, the number of states is walking along with the manager air force. Do it or reach out to some of those communities that that cannot be reached either through land or buy a new or that means what as are this money because our bud where dad would be able to are going to lose lose. There were due for the weather to improve this queue of the flood in this year is that i saw last week or the level the what the level includes was about 11 percent more than that offer 2012, which is the Reference Point here in angela. So as you can see, it is far, far, the skill is far more than that of the dwelling. Now, the head of the International Monetary fund says theres a 25 percent risk of a global recession. Poor countries will likely suffer the most in the downturn. The i must chief warn spiraling inflation poses a significant threat. We cannot, we cannot possibly allow inflation to become an ill run away. Train bed for growth and bedford people bed bed, especially for poor, poor, poor, poor people. The comments came at the annual meetings of the i mass and world bank in washington. D. C. Allen, fisher reports crystelina. George eva is aware of the impact that high inflation is having on every one. And she says that governments really do have to do more to try and help the poorest. This isnt some abstract economic theory. This is being experienced by everyone if they go along to the shop, just to buy some food to feed their family. And she says that of governments and Financial Institutions are going to help than to help has to be targeted to those who are struggling the most. She says that essentially inflation is a taxation on the poorest in society. Shes also aware that when that are financial issues, there can be political issues. And that has led to critics to wonder whether the International Monetary fund and the world bank is fit for purpose in negotiating its way through this crisis. Whether capitalism should continue to be the driver of what is happening with global economies. Well, that is a point i put to a senior figure in the world bank when you have these types of multiple crisis. Oh, dear, is this natural tendency to think about whether there is need for a revolution or a it is and other evolutionary point of view . Think about the world bank and International Wanted of font. They had been around for nearly 80 years. These institutions have you all with the evolution of the global economy, and they will continue evolving and less, dont forget, these are institutions. Vit shareholders, they respond to their shareholders who are the shareholders, the global community. Of course we will respond to the demands. We will adjust our Work Programs accordingly, and we will do our best to respond to these multiple crisis says the i m f and the all banker meeting here, there is a confluence of events which they have to worry about. First of all is inflation. Then there are climate crises in various places around the world, such as the flood and pakistan, the floods even here in the United States. And then there is the water in ukraine, which is causing financial instability, but whole so has an impact on the Food Supply Chain around the world. Now, according to the i, m. F. 48 countries are facing food insecurity. Thats 325000000 people most keenly felt in areas like the horn of africa on this a hill. And there is a what is that some families wont be able to feed themselves unless that situation is a dress pretty rapidly by the Global Financial power hosting. In our gen, tina, there are serious concerns the inflation rate could hit a 100 percent this year. Teresa explains one osiris, latin america economy. Theres problem to recover from 2 consecutive shocks up and dam make, and then the impact of the war in ukraine. I know theyre struggling to cope with a tightening of Global Financial conditions. And when most countries in the region are slowly showing some signs of recovery, countries like argentina right now are struggling with very high inflation rate to speak or show that argentina will have around 7 Percent Inflation rate a month. It could reach around 100 Percent Inflation this year. Man, for example, hugo, hes 58 years old. He the pensioner. And hes forced to sell this stock on this trip to be able to make a living. So inflation is having a huge impact on peoples lives. Here on the government until now had been unable to come up with a plan. Theres big differences between president data fernandez and his vice president. Christina fernandez, the kirshner. And even though argentina managed to reach an agreement with the International Monetary fund and post co payment, there is still a crisis of its international reserves. Are simply not enough dollars right now are, can, tina is implementing Exchange Rate controls. Theres around 14 different types of Exchange Rates. The latest one is known as the dollar cap tower, which is the Exchange Rate that is implemented for those who are traveling overseas. The minister of economy right now is in washington, dc, meeting with international organizations, trying to get some type of financing for b. This countries we served its not easy. Argentina has had a history of economic collapse, so we cannot make disasters there. Theres not lots of trust out there in order to try to help this country recover. And of course, this whole situation generates lots of tension with the business sector, but also on the street were seeing protest happening here almost every day with people struggling to make a living to make it until the end of the month. Mostly because of the 5 very high inflation rate. And this, of course, has a huge impact on the president s popularity. The roger is calling on civilians in the car, san region to evacuate as Ukrainian Forces gain ground in the southeast using them every day strikes the cities of the curse on region here. So they deal serious damage 1st and foremost to the people. Im asking the leadership of russia to help organize and evacuation and listen to your child. Stratford joins us now from creevy in the ukraine. So 1st of all, are people hating that cold to evacuate . Its very difficult, sammy, to get verifiable information from inside the russian occupied territories. What we do know, however, is that that statement was made by the russian installed official inside care san him saying that people, if they wanted to avoid potential missiles strikes from ukraine inside that they should leave with their children. We also know that the ukrainians have made great gains in recent weeks. Am in a push from the north down towards that huge she strategic city of care song on the western bank of the denise pro river. Not a day goes by where ukrainian authorities do not announce that another settlement has been taken re taken control of, misunderstood at around 75 settlements according to the ukraine as have been taken. And they try to push down towards care. So because it is so huge at each strategically in poland, it is basically the gateway to northern crimea. And he is full of Russian Forces, Russian Military equipment. And we understand that they are having increasing difficulty in getting supplies russian supplies across the river to those Russian Forces in site care. So on, of course, ukrainians have vowed to retake that city and all the, all the areas that president putin wants to annex. But we also know that there are thousands of civilians inside that city as well. The ukrainians of calls saying that they are avoiding any kind of civilian infrastructure in any of the areas that they are pushing towards. Whether it be in the east or in the south, but in terms of what an evacuation would look like, its really important to recognize that this statement from this russian install official is saying that these people should go to the russian side to towns like roast of roast off on dawn in russia. We know having seen footage at the early stages of this war, the immense protests that people put up inside care song against the occupation people standing in front of russian tanks demanding that the russians withdrawal. So there are a lot of people in that city that are very pro ukrainian. So want, in fact and evacuation would look like whether it be a false evacuation. Whether in fact there could be some sort of potential agreement for a cessation of hostilities. A corridor for people to actually move out to the ukrainian side at this stage. That seems almost inconceivable. But were in that area yesterday, relatively speaking and we saw a lot of Ukrainian Military tanks being moved to and fro. Ukrainian soldiers dug in the, in, in the hedge rose in the areas of countryside around there. We saw helicopter gun ships as well. A lot of very nervous civilians in that area. That area that has been re taken by the ukraine in so yeah, a lot of unanswered questions, but oversee the ukrainians. Determined to re take control of this huge, great city of, of huge strategic boards. Its going to be very interesting to see how thing develops, how things develop in the days ahead. I, thanks so much. Charl. Stratford, al, still i had an al jazeera spying on its own people. New accusations against mexicos armed forces. Allan sports will hear the story of august on the street, children taking part in a world cup with a difference. Ah, ah, hello, the weather is set bare with some lovely warm sunshine across much of spain and portugal laws declares guys here, but a lot of crowd elsewhere showing up corsica. Part of you apply, be showers across the other side of the mediterranean, just pushing across sir, dining and see pushing across into greece. They were quite am active area of low pressure. Thats the same system that brought some very heavy rain into east spain. Ballier sardinia, southern parts of italy earlier on in the week, pushed further north and is quiet there across at east side of europe till she crane western parts of russia bright and breezy up towards the north west than this rather more persistent rain which will slide in a list where the system pushing some heavy down poles in across a good part of northern and central fraud. Save with the next couple of days. There we go with those blustery showers across england. Well, scotland sliding through our and making the way across the irish sea. Much of the north west europe, seeing some lively showers longer spells of frame, but some sunshine in between us would make away into the weekend. Persistent rain for france sinks a little further south was the warm sunshine for spain, and portugal will continue alive. He showers their course at east side of the mediterranean. At this stage, lottie drive across northern parts of africa, few a showers up towards the far north. There we have got some wet by the once again across much of nigeria to liberia. Ah, a big thing. And a funny taishan cultural tradition. Hollywood thing with a societys progress is dependent on the quality of its experts. We need more and find on professionals. I talk parity is to my, to waive the new generation to study, find new teaching methods, or infusing tie students to become the agents of change, taking them out of the classroom to solve problems in their local communities. Ready level education, inspiring science, tyler on ill just you ah ah, welcome back to watching al jazeera time to recap on headlines. Now. The turkish president has ordered is officials to study a proposal by russia to set up a regional gas hub in the country. The russian leader says it offers the best route to re direct gas to the e. U after the node stream pipeline was recently damaged. More than 500 people have died in nigeria, worst floods in the decades. Unusually heavy rain lead to the destruction of tens of thousands of hose. The bank of england has ended its emergency bond buying scheme. That means the bank will now stop Government Bond Government Bonds. The i mass criticize the British Government, also its financial plans calls havoc on the markets. Refinery workers in the french town of don jazz are protesting outside the total oil refinery, calling for better wages. Jason just fell on the way to try and in 3 weeks it strikes refineries and fuel deaf hose. Job action has disrupted peoples lives and led to shortages of petrol across france. The talks came a day after the government told total energy to increase the salary of its workers. Tasha bottler is at a petrol station in paris for us. So before i ask you about the situation behind you, lets pick up on a line about total energy in some unions, apparently reaching an agreement. Can you tell us about that . Yes. Well, they sell Oil Refinery Strike has been going on for 3 weeks, but it does look as if they raise something called a breakthrough to trade unions and total energy. Thats a French Company to run. Some of these are refineries do seem to reach an agreement overnight for a 7 percent to pay rise for their workers and a bonus. However, the main trade union, the c g t here in france that has been leading this protest as says that he wont accept the offer, it wants a 10 percent pay rise for its work as me will continue to strike until it gets when 10 percent is says to take into account inflation, many workers struggling, of course with rising cost of living, but also work as they are saying that they deserve a slice of the huge pro face. And some of these Oil Companies have been making a total energies. For example, last year and 2021 made a profit of 21. 00, made a profit of 50000000000. 00. I should say this year its expected to make maybe twice of bass and the work is the same. Look, some of that money needs to be shared around with some of the people who are helping the company to make those kinds of profits. And now its time to talk about whats going on behind you. Good cues still building on perpetual stations . Well, thats right. Of course, this Oil Refinery Strike has made fuel shortages across the country about one in 3 petrol stations in france either has a shortage or fuel or is closed. This is one of the references actually opened the in the parents region. Im gonna step out of the way and you will see the very long queues that people make to cycles cause theyve been waiting. Some of them tell us for up to an hour tempers all frame. Weve even had the police air show while ago because people are having many arguments. You can imagine it is a frustrating situation for people who want to go to work and need physical. Now, it doesnt have said recently that the situation needs to be calm, that the Oil Companies need to raise wages in order to try and calm the situation. But the government of all so managed to infuriate the trade unions by a forcing some Oil Refinery Workers to go back to work or, or face penalties. Now that is something that some of the trade unions have said is for them in legal existence, labor practices. They have a right to strike, they have a right to demand a better salaries. They are absolutely upset and they have called for now a general strike. So that work is from all sectors to take place next week. Thanks so much. And tasha butler, total energy is, is also coming under fire over allegations of helping to fuel russian war planes. According to an investigation by the french newspaper, lamore gas produced by a russian extraction company, partially owned by total energies, fueled plains, used to bomb ukraine to n g o z. Her father complaint with the National Anti terrorist prosecutor, a french firm, sold it shares in the company in july and says the accusations are outrageous and defamatory to us from anchor. Now where food prices have doubled in the government is hoping to finalize a 2900000000. 00 loan with the i m f. By december, its experiencing its worst economic crisis since independence from colombo manella flanders has more on how people are being affected. And this is where the huge cost of living is being felt. Most consumers having to do that daily or weekly shop, a finding that prices have gone up 35. 00 full. Sometimes inflation has hit a 90 percent and more in terms of food inflation. I did speak to a pensioner, he said his money is stretching far less and for sri lankan, if not just forwarded electricity, its water, its fuels or all of these things really crippling for them on a day to day basis. Eat very deeply that even i find it equal going to officially when i said to the meter, the whole of these empty at the end with its economy in the womb state and living memory, the she lankin government is hoping for a 2900000000. 00 bill out from the International Monetary fund, it has reached the staff level agreement with the institution. But that is very much dependent on the country. Being able to come up with an acceptable roadmap, agreed to by its creditors of how they will repeat the unsustainable debt. As some observers have described it, obviously, the i m f. A welcoming the agreement, but also marking the fact that it is conditional. They have pointed out that it is bad management and mismanagement that has brought the country, but yolanda has a bunch of bad luck and nor where is that economic crunch being felt more than in markets like this, where people are struggling to make ends meet. Erin, where chromosome or my rodney is a shrunken member of parliament and a foreign minister of finance. He says the countries facing a difficult future. The immediate to be worse is now as the inflation is really, really high will be in place that is about 100 percent of the government has the central Bank Actually takes some fis, in fact, inflation of that the Interest Rates are gone. We but we had report that the maybe some kind of maybe next year in the 1st on the installation but also. Busy they do remain because they had to get the sustainability for dynamics to a rule. 2. 9000000000. We have to get china japan and what are the largest by letter, the med actually agree so that everybodys on the same get past that then we would deal with the private credit. But that that is the immediate thought that we have to get the modulators. Gregory, very nice to clearly of involving having run or the last few years and thats why people came on the street and they thought the putting up a bullet, they spent the finance minutes later, the prime minister, subsequently the president of the country. So clearly the Issue Management than the confidence has to return, so that hes the president of the period and hes trying to close. So we need to support the remnant of those who have been chased out if they dont support the failure problem. The only way to resolve the issue, we actually have to go to the street and see for freshmen dates. And people will have people who are actually managing the economy or a pause by saying the children says that 1400000 children under the age of 5, faith malnutrition, in south sedan conflict, along with unprecedented 4th Consecutive Year of widespread flooding. Made the situation worse when 600000 people have been affected by the floods. North korea has 5, at least one short range miss allan to its eastern waters and flown fighter jets near its border with south korea. Artillery shells have also been 5 into the maritime buffer than between both countries. Its the latest in a series of weapons tests in the past 2 weeks from a ride falls from saul. A flurry of activity in the early hours of friday, happening close to the heavily fortify dmc, the Demilitarized Zone separating the 2 careers further raising tension levels. The laws carried out another short range, Ballistic Missile test reckoned to total more than 40. Since the start of this year, it landed in the sea separating the Korean Peninsula from japan. Dont. The earning out of the intentions are not koreas repeated Ballistic Missile launches are absolutely impermissible. And we cannot overlook it. Substantial advancement of missile technology, a north korean air drill involving around 10 military aircraft flying towards the dmc. Prompted the south to scramble its jets and north korean artillery fired an estimated 170. 00 shells from its east and west coasts. Violating according to south korea, a 2018 agreement, not to carry out such exercises close to the border. Human peconic bulls here, one from wheel. The north koreas artillery far and short range Ballistic Missile launch and the buffer zone of the east and west sea are serious provocations that undermined peace and stability on the Korean Peninsula. As well as the International Community. The pillow on north korea as it carried out the drill in response to a south korean artillery exercise on thursday, accusing it of provocation. South korea has also imposed unilateral sanctions against people and organizations involved in the north weapons programs. Its largely symbolic, but its the 1st time its taken such action in 5 years. An indication of our relations have soured. On monday, the north announced this unprecedented period of missile testing is aimed at developing its ability to launch a Tactical Nuclear attack on the south. With fridays actions, the week ends as it began with both sides, seemingly locked in escalating tensions. Rob mcbride, al jazeera sol, of thousands of people in thailand are struggling to cope with severe, loving relief. Supplies of being delivered to villages cut off by the rising waters. Seasonal rain often brings floods this time of the year. The government has set aside round 600000000. 00 to help recovery efforts. The gunman who murdered 17 students and stafford of Florida High School will likely serve the rest of his life in prison, or many family members of victims or outrage. They wanted the death sentence, how they call higher reports, yet his life has likely been saved. But Nicholas Cruz showed no relief, no emotion as he learned his fate. For the families of his 17 victims, their reaction made clear instantly what they thought of the jurys decision. For 3 months the jurors heard graphic testimony about the crime cruise admitted to autopsy photos, surveillance video, showing him walking up to injured victims and shooting them dead. 17 killed 17 injured. They even toured the school, which has remained untouched since that day. They saw the backpacks, the blood, and the bullet holes, and the jury said his cry met every standard needed to sentence him to death. But we then terry unanimously. Find that the aggravating factors that were proven eod a reasonable doubt outweigh the mitigating circumstances as that was now. At least one juror agreed with the defense lawyers who had argued because cruise had fetal alcohol syndrome. That was a mitigating factor that overrode the heinousness of his crimes, and it wasnt even as out my mind that this would be the Death Penalty. Im beyond discuss it. I never thought that i could be so ugly inside, but i wait and welcome the day that i get that call that tells me that that murderer was murdered in prison. Thats going to be a very happy day in my life. No excuse for letting this piece of garbage bree factors, but experts say there is a reason. It is hard to get a sentence of data to do. But its important to keep in mind that, you know, most states in the United States have either abolish the Death Penalty already or havent used it. And over a decade, United States continues to be the only country in the western hemisphere to have the Death Penalty. The european nations of all band and the crews will officially be sentenced next month. And the families of each and every one of his victims will be able to tell the court about their suffering about those they lost. After that, the judge could override the jury. Its unlikely, but for the families who wanted to see him die, one more chance to change the fate of the man who murdered these people. Patty, calling al jazeera where Us House Committee investigating last year, storming of capitol hill, is voted to subpoena. Former us president donald trump, to testify. Trump has never before been forced to give evidence before congress. Not even doing is to impeachment trial. A cyber attack on mexicos Defense Ministry is revealed the scope of surveillance by its armed forces. Lake documents show the continued use of spyware, known as pegasus to monitor journalists and human rights workers. On not apollo, revolts from mexico city ah, leaked government documents from a recent cyber attack against mexicos Defense Ministry, appear to have uncovered evidence of targeted government surveillance of journalists and human rights workers. And when among the apparent targets for surveillance, Amnesty International isnt there . Yes, an acre gabana is the organizations americas director. She says the spying revelations represent a further erosion of human rights in mexico. And we are extremely concerned because this is another example of the very awe whole style in bio meant that human rights defenders sunday organizations are facing in that region. Warrantless surveillance by the Mexican Government is not a new phenomenon. A forensic investigation by the university of toronto, confirm the long term presence of the spyware, known as pegasus on devices belonging to journalists and activists. Here in mexico, specifically those who investigate human rights abuse grey. Moodle. Ramos, a human rights advocate for mexico stem o. Leap us state says hes not surprised that his communications are among those under surveillance. Oh, if he law, everything has been monitored for more than 10 years by military intelligence. This is precisely because over the past 25 years, we have documented many cases of abuse way authorities for his partner president and the dis, manuel lopez over the other who denies the military has used pegasus to conduct surveillance during his administration. No shit. K says b, its not true that journalist and opposition spied on. We are not the same as previous governments. Its not true. I made a commitment that no one would be spied on that press freedom act. They say the evidence of continued mine is compelling. Arguing the real question is whether or not the president was aware, katie said, we want to know if the president did or didnt know if the president didnt know. This is very serious because it means the army engage in spying without his consent. If the president did know that is also very serious because the president said there wasnt going to be espionage in this government. The office is mexicos Defense Ministry has not yet answered. Al jazeera has repeated requests for a statement regarding the allegations of warrantless spine, madrid up. Hello al. Jazeera, mexico city. All thats capital sports news with andy. Thank you so much. Sammy will Manchester United left it late in the police stoppage time when against ammonia. Nick say it means they still have a chance of helping that group united dominated this game at old trafford. But it took a late, late effort from school home, and i think you saw the gang and i love a chance of progressing is great when its the now, although they trail up on the performance of the books, it was a good habit and finishing of course was not were not that good and lets hope that we saved the goals for for coming week, or premier league leaders. And you wrote me favorite. Austin travelled inside the Arctic Circle for the away game at no wise. But the only goal coming from because back here in the 1st house, theyre lucky both also making you 3 ways from 3 in the group stage. Im really happy to win here against the team that has one of the last 14 games in European Competitions in a row. So they do serve a lot of trade to that because there is no many european teams that have done that. So we have come here, game 151. 00, and we have talked about this in the last few days and there was a challenge. There was a marinez, ron mccann, away from around one old job. Travelocity got the equalizer for running for the place in the Group Practice at this point in now and like so this year and apology f event funds lit flares and through seats at west time united support. During the euroleague conference defeat in london, police had to intervene to separate the 2 sets of supporters and the belgian sides had their funds. Behavior was unacceptable. 13 funds arrested in all full Police Officers were injured with 2, requiring hospital treatments. Buffalo new might be struggling in European Competition this season, but lets up with a spanish league. And this sunday they faced the biggest domestic rivals rail madrid, also strike her robe 11 dal ski. Well also get to experience the fixture known as l classic o. For the very 1st time to its have story that he had said story, not about only the games again for another oil. When we are talking about chapter think and i have fairly similar, its even the, the next game to get a minute for me. Thats Something Special always and i love to play against read because you know the to playing again because team one of the best team in the, in the open new art. And for me something, Something Special. Now millions of children all over the world live and work on the streets facing numerous challenges. Those experiences have been shared by the young football is from pakistan who are among the teams taking part in the st child world cup here in doha, i some of injured aid as this story in ordinary practice with some extraordinary children, daughter of ended up against of odds, some of them, her face mistreatment, and marginalization of some have had their basic rights denied. But thats not stop them from making their presence felt. At the 3 children woke up in the walk. And this is the opportunity to tell the story. One man as the school, sort of the studies because my family with suffering from a financial crisis. So i started to work to support my family. Most rooms dont go to school in my village. They just waste time many become a drug. Got it. We went to really very hard and paired ourselves for this event. But dos 3. When a 3 children dont get to unity, the lose direction with things like that. And this is the future. Im lucky to have this opportunity been playing in a plane for the 1st time. I am very excited surcharges. These boys from pakistan are among 2018, sticking back in the International Football tournament. Ahead of the fif of old couple next month make some noise if the 4th time the Street Children tournament is being held. C and organized to say, its probably the most important event for many of these kids. Well, you draw up start guiana project. We started this projects in 2014. Now we operate 17 academies across pakistan. We will to rehabilitate Street Children who are wasting their life with drugs, gambling and other harmful activities. Somebody up we provide residence, food shoes, close everything, only take Street Children for poor families sculpt manager. See the struggle at home to find money and take children away from the unforgiving streets towards positive engagement. But son is, is a country where there are more than 20000000 children who are out of school and into the estimate. And number of students to children, is there more than 1800000. So this project is, i would say more focused towards the 20000000 children who are out of school, who might become the through connect to children in addition to football, the tournament in. But there is meant to raise awareness about the stigmatization of st. Connected young people and also about equal access to education and health care. And at its heart is sportsmanship and competition. The mac zante would runners up in 2018. The lads are hopeful theyll take on the cup to see some of the job aid out there in base for your now for as was once again, the star man for the Houston Astros and that to run home run swinging this playoff game against the settlement as back in his teams favor, after is going on when full to and they move to up in the American League division series. The mariners will head back to seattle the gang 3 on saturday as they host their 1st play of gaming more than 2 decades. Okay. Plenty more support for me throughout the day that i were looking finance on buying some on time. Well thats it for this news. Our bought several is back in a moment with another food chosen to stay with us ah informed opinions. I believe that our media and other virginia should have bilateral negotiations. Weve been calling that for many time. Critical did make is the commonwealth still something that king child will take on the inside story on al jazeera . We understand the differences and similarities have cultures across the ground. So no matter how you take it out there, were bringing the news and Current Affairs that matter. To you. Countess era o, that one city dwellers now posted to a personal journey of women. Teachers, daily struggles with isolation and battles with physical health. Sacrificing that family likes to the education of future generations. Women in the way on al jazeera ah i with them. Ah