Around the clock this is counting the cost on aljazeera look at the world of business and economics this week as the death toll rises the Economic Cost of the coronavirus is being felt in every market in the World Oil Prices have tumbled prices. We have an exclusive interview with the general secretary of the gas exporting nation. A few 1000000000. 00 spent trillions of dollars later from new york. We look at the Economic Cost of rising sea levels. The extraordinary risks in peru taking to bring in the cash. Death toll from the coronavirus keeps on rising its not only crippling chinas economy its having a knock on effect globally formula ones race in shanghai has been postponed and this is. As mobile World Congress half a global way in barcelona has been canceled or oil prices have tumbled 20 percent below that january peaks raising the prospect that opec could cut production again its not only opec that feeling the pinch china has also turned away gas tank is slashing gas prices in ha
Later from new york carter look at the Economic Cost of rising sea levels. Warm up the extraordinary risks divers in peru are taking to bring in the cash. Death toll from the coronavirus keeps on rising its not only crippling chinas economy its having a knock on effect globally formula ones race in shanghai has been perspective and this Years Mobile World Congress half a global way in barcelona has been cancelled or oil prices have tumbled 20 percent below their january peaks raising the prospect that opec could cut production again its not only opec thats feeling the pinch china has also turned away gas tank is slashing gas prices in half and Just Like Oil theres a glass of gas on the market yet unlike opec theres no collective resolve to control prices but over the last 2 days. Cades a group of 12 gas exporting nations have been working to break the link with oil prices right now 34 percent of gas is traded on the markets but despite controlling 70 percent of the worlds reserves they
Taiwans Pro Independence leader in power much to the annoyance of china. Now iran has admitted its military shot down a ukrainian passenger jet by accident killing all 176 people on board the plane crashed shortly after takeoff from tehran on wednesday after iran fired missiles targeting u. S. Forces based in iraq western countries have been piling pressure on iran which it spent days denying that it was responsible for the crash well the iranian president Hassan Rouhani tweeted saying the armed forces and tunnel investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the ukrainian plane and deaths of 176 innocent people investigations continue to identify and prosecute this great tragedy and unforgivable mistake but well go live to rob reynolds in washington d. C. In just a moment but lets begin with a setback in tehran. This admission is coming off to days and days of denial so whats precipitated this now. Well yes it has come after
Had no children and didnt publicly name a successor and voting is also under way for elections that are expected to keep taiwans Pro Independence leader in power much to the annoyance of china now and our top story iran has admitted its military shot down a ukrainian passenger jet by accident killing all 176 people on board the plane crashed shortly after takeoff from tehran on wednesday after iran fired missiles targeting u. S. Forces based in iraq western countries have been piling pressure on iran which is spent days denying that it was responsible for that crash well lets go live now to assad bag whos in terror on for us as a this is an admission as were reporting comes off the days of denial so whats precipitated this now. Well lou weve just heard from the general staff whos. Reported on state media that he said that the Armed Forces Defense system shut the plane down it was he said that it was a mistake saying its a mistake and it was the a unit that mistook the plane it was a se
A 2nd term in a followed closely watched by beijing. With the sport sets up an a. T. P. Cup clash with rafael nadal said the plane im. In a dramatic about turn iran has now admitted shooting down a ukrainian airliner describing it as a disastrous mistake 176 people were killed when the plane crashed on wednesday a commander with the revolutionary guard a morale the houses. Of the nation had accepted full responsibility he says the plane was brought down by a short range missile soon enough to take off from tehran it was the same not iran launched missiles that iraqi bases housing u. S. Troops. As a lot of. Those in our Aviation Services who were denying responsibility they were saying this based on their findings and i repeat they are not to blame it is us who are to blame the plane was on its way it did not have any error or mistake everyone worked very well efficiently it was us who made a mistake and we are responsible we should accept responsibility and accountability this was a ve