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Transcripts For ALJAZ NEWS LIVE - 30 20240713 : comparemela.
Transcripts For ALJAZ NEWS LIVE - 30 20240713 : comparemela.
Transcripts For ALJAZ NEWS LIVE - 30 20240713
With the world news from aljazeera russia has reported a record rise in new covert 19 infections for the 4th day. Heading 425000. And also south koreas governing party makes huge gains in what is the 1st
National Election
to be held during the panda. Is 1100 hours g. M. T. 7 am in washington where president didnt
President Donald Trump
has halted u. S. Funding to the
World Health Organization
he is accusing it of mishandling the outbreak and failing in its own duties he also says the agency covered up how the virus was spreading out of china the u. S. Is the biggest donor to the w. H. O. Contributing nearly 15 percent of its budget well start with this report from mike hanna. In what has become a pattern president trying to use his podium to parade reporters if you keep talking ill leave and you can have it out with the rest of these people if you keep talking im going to leave and you can have it out with them its just allowed me to introduce a number of prominent members of big business the
Construction Labor
Workforce International
union of operating engineers
Jim Callaghan
north
America Building Trades Union
sharon mcgarvie is a lot of friends of mine laborers
International Union
of north america terrier sullivan and to sharply criticized the
World Health Organization
announcing his administration would suspend funding had the w. H. O. Done its job to get medical experts into china to objectively assess the situation on the ground and to call out chinas lack of transparency ironically
President Trump
is on the record praising trying to prove transparency in dealing with a virus having what was described as a friendly phone conversation with president xi at the end of march and subsequently tweeting we are working closely together much respect once again
President Trump
appears to be ignoring the principle of the separation of powers legal experts argue that he does not have the right to suspend funding that has already been approved by
Congress Another
constitutional crisis is looming and despite repeated cautions by the countrys
Health Experts
President Trump
insisted mitigating measures could be eased to look at this in a number of u. S. States by the beginning of next month. But he walked back an earlier contention that the recession was his to make by calm perming that the question of lifting restrictions or not would be left to individual gov the white house would still provide guidance were going to pick a date were going to get a date thats good but its going to be very very soon sooner than the end of the month the summer day that new york city announced its most dramatic rise in the fatality rate so
Health Officials
for the 1st time included the deaths of those presumed to have died of the virus even though they have not tested positive this increase that theyre told by more than 3700 in a single day driving up the number of
People Killed
in new york city to more than 10000 and increasing the overall u. S. Death count by 17 percent to more than 26000 thank you all very much struck figures that not even the president s action against the
World Health Organization
can distract from mike hanna out of
Washington Well
the
United Nations
says this is the worst possible moment to cut funds to the
World Health Organization
and sentiments that have been echoed by many around the world china for example urging washington to fulfill its obligations beijing says the decision to cut funding will affect all countries remain as we heard trump accuse the agency of favoring china as the world battled the virus the
European Union
its saying theres no jurisdiction justification i should say for the decision at this moment when their efforts are needed more than ever and germany says strengthening the
World Health Organization
is one of the best investments our diplomatic editor james is now open about early on this story from the
United Nations
in new york james its classic trump if he doesnt like something he pulls the
United States
out of it how is the
United Nations
responded. Well i think there was shock and exasperate among those here at the u. N. And as you heard around the world at this time the time the 1st time in a century got a global plan pandemic and we only have one technical medical agency that is designed to coordinate the world at a time of a
Global Pandemic
and it is the
World Health Organization
i think people are a little bit mused as well about his reasons for attacking the
World Health Organization
he says because there were not tough enough on china but you just as you heard in mikes report need to look at
President Trump
s own comments on china and hes not been tough on china yes i think there are legitimate criticisms of the
World Health Organization
and of the u. N. System and its definitely clear to me that china is getting a growing role increasing role in not just the
World Health Organization
but all parts of the u. N. System but many observers will say thats for one clear reason and thats because the
Current Us Administration
ceded that role theyve been playing america 1st and as a result have not been involved as previous administrations have deeply in multilateral affairs. James usually when we talk to you about u. N. Issues it is quite often to do with conflicts around the world conflicts which carry on regardless of a pandemic. However can you take us through these moves by various countries to perhaps try to end those at least temporarily whilst the world fights coronavirus. Well we have actually seen behind the scenes separate from what
President Trump
has done in recent hours some positive developments a lot of criticism that theres been no
Global Leadership
really since this crisis started every nation fending for themselves what im told by the scene was at the g. 20 of the g. 7 which is currently chaired by
President Trump
will have a
Virtual Meeting
in the next 24 hours theres been quite a lot of work done told theres a communique ready to be released tomorrow by the g 7 with some concrete proposals in it so thats good news here at u. N. Headquarters of course as you say conflicts are dealt with by the main body that deals with peace and security internationally the u. N. Security council theyve taken a great deal of time to respond to the
Current Situation
in part because of just getting technical arrangements for them to meet theyve never had a situation where theyd have to meet virtually before this the secretary general and tony guitarist came out with the idea of a global cease fire that has caused some problems behind the scenes for the
Security Council
and there are all sorts of little spats going on with the idea of a resolution early on certainly there was a dispute between the u. S. And china because the u. S. At that point was wanting any resolution to call it the wu hand virus those i think have been solved and it looks like in the coming days the u. N. Security council might be able to come up with a joint statement a resolution we think that could be passed by all 15 members not calling i dont think for the phrase a global sees via but calling for a cease fire in all the conflicts that are on the
Security Council
s agenda and that would be quite something wouldnt it thank you james bays our diplomatic editor in new york. Well a virus now appears to be spreading fast in
Russia Health
authorities there have recorded a 4th day of rise in new infections more than 3300. 00 cases reported bringing the total there close up to 25000 the russian government said have been at least 198 deaths as well meanwhile top e. U. Leaders are calling for
Member States
to
Work Together
before easing any lockdown measures
European Commission
issued a number of recommendations and warns that moving too quickly could have devastating effects lets check on that story with lawrence lee following events from london on that point 1st of all you and i spoke earlier about perhaps the lack of cohesion there have been amongst
European Countries
and how they want to fight this does this represent some sort of change. Well yes i think i think very much it does come also to be honest with you if you call to mind back a few weeks when there was a very panicked response among any number of
European Countries
closing the borders unilaterally heavily criticised by the
European Union
for not sharing protective equipment particularly to the hospitals italy and spain it undermines the whole point of the
European Union
doesnt it because it relies on open movement of goods and people between countries the
Single Market
s its a very practical as well as philosophical idea of the
European Union
and the whole thing started to fall apart of the scenes and so you can see what theyre trying to do in the
European Commission
really is to get back on the front foot and make it look like theyre in charge events pushing forward the idea of european unity and so the plan effectively is in several parts 1st of all to have this summit in 8 days time which finally having been said about it for a month anyway they agree a budget which will last for several years and is likely to be enormous and will underwrite any sort of attempt by the
European Union
to recover even if it can get the
Single Market
going in the short term what theyre desperate to do that there wont be a v. Shaped recovery one goes straight back up but what are desperate to avoid is what they call an l. Shape where all the way down then just flatlines across the bottom for months and months a month so clearly that demands a whole load of money to underwrite the economies particular countries like italy and spain which are which are really. Really having a problem but unpoliced that theyre starting to ease very very slowly the law measures in a number of
Different Countries
in different ways denmark schools are going back austria shops are opening spain construction started and so theyre trying very gradually to see if they can engineer a situation where country after country can get back a little bit at the time and slowly very slowly try to get the idea back that the borders might become a little bit more porous and you could move goods very carefully between countries and start to get the
Single Market
going again i was going to take a very long time but this is the
European Commission
basically trying to get on top of events. Lawrence quick word on rush if you wouldnt mind i mentioned the numbers before it is a comparatively lower death rate but the infection rate is increasing can you put that into context versus someone who lived and worked in the country for many years and i needed yeah no snowshoe i mean the death rate is curiously low given the high number of cases a lot of doctors say that people in their in their homes and its and its massively undercounts its a massive problem for russia on various levels the states the people of
Public Health
loads of smokers massive alcoholism these are all underlying conditions which are very dangerous to the virus secondly a massive reliance on moscow as a capital as a driver of the economy for 10 percent the whole population the russian lives in moscow its all locked down the economy is a lot of trouble. That the way in which people are trying to go to work there is pushing them to get a seal which will make the virus even worse but the other bigger problem for russia in economics is its almost total reliance on oil as a driver of its economy and of course because oil is now at historically low prices people arent flying people talk about the speed being the worst year ever for the oil industry then thats going to be very very difficult of a russia as a country to sustain because all of the right of the common thank you are in play for those updates from london. Now one european country that took a different approach to responding to the pandemic is sweden it resisted the strategy of putting the nation on lockdown but now it is reporting a sharp rise in corona virus deaths another 114 confirmed on tuesday which was up from 20 the previous day overall about 11000 people have tested positive and more than a 1000 have died in sweden in malmo and says theres been some questions about whether this more relaxed approach is the right 1. 1 of the concerns is that the the mortality rate is twice in sweden what it is in denmark the
Health Agency
says well that taking a different approach than you think is sustainable that they think will serve them better in the long term thats based on 2 pill is really one of them is that 10 years ago here they had a large scale pandemic simulation. Which is largely a policy this time around and the 2nd is based on
Actual Experience
pandemics have hit sweden before and one of the 8 particular peculiarities of sweden is that although it has population concentrations house a lot of isolated places as well and in previous pandemics those places were extremely isolated because transport wasnt what it is today and they notice thought when the 2nd wave of a pandemic hits those areas who are really ravaged because they havent had any buildup of immunity in the 1st wife now thats no consolation for the the people who have family members friends. As more than a 1000 and sweden has recognized its failed to protect people properly in elderly homes a huge number of deaths there and also the
Somali Community
and the rink be area of stock i suppose what american viewers would say is a project have a very high number of deaths that there are people who have been badly affected well only know in the coming months as other countries open up whether this relaxed approach has been correct or not. Our coverage continues in just a moment well look at how this
Global Financial
shock is threatening to undergo half a century of
Economic Growth
in latin america and despite coronavirus beijing is continuing a military operations in the
South China Sea
. Fought in trying to central parts of china and over towards strip a and weve got an area of low pressure pulling away from japan quite a weather coming in behind bits and pieces of what we call a fair weather clad with ordinary of low pressure which will bring some wet weather though into the far north of china as you go on through the next hour so some heavy bursts of right possibly some snow across and northern flank of the system it will slide its way through the yellow sea towards the
Korean Peninsula
as we go into the latter part of the week that sets up something pretty unsettled for the weekend for that line of cloud there into central parts of china down towards the southwest funny trying to hong kong 27. 00 celsius fun and dry in tokyo at around 17 degrees for the time being may want to find a dry course a good parts of india settle here weve got a few showers moving across northern parts big area of play out here the clump of storms just pushing over towards bangladesh as we go on through thursday but the heat continuing to build behind that pool getting up to 43 degrees celsius want to show is that into us franca for a time want to see showers into tomorrow and also into kerala much of india does stay dry although you could see it getting a little cloudy and a little colder than 40 delhi on friday. From fossil fuels to modern day renewable as societies develop the energy demands increase requiring
Innovative Solutions
to meet such demands as a global power developing to the
Investment Company
nebraska power is uniquely positioned to deliver against the stick around we provide
Business Growth
promote social economic benefits and provide innovative safe and viral mentally sound
Energy Solutions
for future generation the brush fire nearing future energy. The latest developments across the world with the corona virus pandemic donald trump 1st of all suspending u. S. Funding for the
National Election<\/a> to be held during the panda. Is 1100 hours g. M. T. 7 am in washington where president didnt
President Donald Trump<\/a> has halted u. S. Funding to the
World Health Organization<\/a> he is accusing it of mishandling the outbreak and failing in its own duties he also says the agency covered up how the virus was spreading out of china the u. S. Is the biggest donor to the w. H. O. Contributing nearly 15 percent of its budget well start with this report from mike hanna. In what has become a pattern president trying to use his podium to parade reporters if you keep talking ill leave and you can have it out with the rest of these people if you keep talking im going to leave and you can have it out with them its just allowed me to introduce a number of prominent members of big business the
Construction Labor<\/a>
Workforce International<\/a> union of operating engineers
Jim Callaghan<\/a> north
America Building Trades Union<\/a> sharon mcgarvie is a lot of friends of mine laborers
International Union<\/a> of north america terrier sullivan and to sharply criticized the
World Health Organization<\/a> announcing his administration would suspend funding had the w. H. O. Done its job to get medical experts into china to objectively assess the situation on the ground and to call out chinas lack of transparency ironically
President Trump<\/a> is on the record praising trying to prove transparency in dealing with a virus having what was described as a friendly phone conversation with president xi at the end of march and subsequently tweeting we are working closely together much respect once again
President Trump<\/a> appears to be ignoring the principle of the separation of powers legal experts argue that he does not have the right to suspend funding that has already been approved by
Congress Another<\/a> constitutional crisis is looming and despite repeated cautions by the countrys
Health Experts<\/a>
President Trump<\/a> insisted mitigating measures could be eased to look at this in a number of u. S. States by the beginning of next month. But he walked back an earlier contention that the recession was his to make by calm perming that the question of lifting restrictions or not would be left to individual gov the white house would still provide guidance were going to pick a date were going to get a date thats good but its going to be very very soon sooner than the end of the month the summer day that new york city announced its most dramatic rise in the fatality rate so
Health Officials<\/a> for the 1st time included the deaths of those presumed to have died of the virus even though they have not tested positive this increase that theyre told by more than 3700 in a single day driving up the number of
People Killed<\/a> in new york city to more than 10000 and increasing the overall u. S. Death count by 17 percent to more than 26000 thank you all very much struck figures that not even the president s action against the
World Health Organization<\/a> can distract from mike hanna out of
Washington Well<\/a> the
United Nations<\/a> says this is the worst possible moment to cut funds to the
World Health Organization<\/a> and sentiments that have been echoed by many around the world china for example urging washington to fulfill its obligations beijing says the decision to cut funding will affect all countries remain as we heard trump accuse the agency of favoring china as the world battled the virus the
European Union<\/a> its saying theres no jurisdiction justification i should say for the decision at this moment when their efforts are needed more than ever and germany says strengthening the
World Health Organization<\/a> is one of the best investments our diplomatic editor james is now open about early on this story from the
United Nations<\/a> in new york james its classic trump if he doesnt like something he pulls the
United States<\/a> out of it how is the
United Nations<\/a> responded. Well i think there was shock and exasperate among those here at the u. N. And as you heard around the world at this time the time the 1st time in a century got a global plan pandemic and we only have one technical medical agency that is designed to coordinate the world at a time of a
Global Pandemic<\/a> and it is the
World Health Organization<\/a> i think people are a little bit mused as well about his reasons for attacking the
World Health Organization<\/a> he says because there were not tough enough on china but you just as you heard in mikes report need to look at
President Trump<\/a>s own comments on china and hes not been tough on china yes i think there are legitimate criticisms of the
World Health Organization<\/a> and of the u. N. System and its definitely clear to me that china is getting a growing role increasing role in not just the
World Health Organization<\/a> but all parts of the u. N. System but many observers will say thats for one clear reason and thats because the
Current Us Administration<\/a> ceded that role theyve been playing america 1st and as a result have not been involved as previous administrations have deeply in multilateral affairs. James usually when we talk to you about u. N. Issues it is quite often to do with conflicts around the world conflicts which carry on regardless of a pandemic. However can you take us through these moves by various countries to perhaps try to end those at least temporarily whilst the world fights coronavirus. Well we have actually seen behind the scenes separate from what
President Trump<\/a> has done in recent hours some positive developments a lot of criticism that theres been no
Global Leadership<\/a> really since this crisis started every nation fending for themselves what im told by the scene was at the g. 20 of the g. 7 which is currently chaired by
President Trump<\/a> will have a
Virtual Meeting<\/a> in the next 24 hours theres been quite a lot of work done told theres a communique ready to be released tomorrow by the g 7 with some concrete proposals in it so thats good news here at u. N. Headquarters of course as you say conflicts are dealt with by the main body that deals with peace and security internationally the u. N. Security council theyve taken a great deal of time to respond to the
Current Situation<\/a> in part because of just getting technical arrangements for them to meet theyve never had a situation where theyd have to meet virtually before this the secretary general and tony guitarist came out with the idea of a global cease fire that has caused some problems behind the scenes for the
Security Council<\/a> and there are all sorts of little spats going on with the idea of a resolution early on certainly there was a dispute between the u. S. And china because the u. S. At that point was wanting any resolution to call it the wu hand virus those i think have been solved and it looks like in the coming days the u. N. Security council might be able to come up with a joint statement a resolution we think that could be passed by all 15 members not calling i dont think for the phrase a global sees via but calling for a cease fire in all the conflicts that are on the
Security Council<\/a>s agenda and that would be quite something wouldnt it thank you james bays our diplomatic editor in new york. Well a virus now appears to be spreading fast in
Russia Health<\/a> authorities there have recorded a 4th day of rise in new infections more than 3300. 00 cases reported bringing the total there close up to 25000 the russian government said have been at least 198 deaths as well meanwhile top e. U. Leaders are calling for
Member States<\/a> to
Work Together<\/a> before easing any lockdown measures
European Commission<\/a> issued a number of recommendations and warns that moving too quickly could have devastating effects lets check on that story with lawrence lee following events from london on that point 1st of all you and i spoke earlier about perhaps the lack of cohesion there have been amongst
European Countries<\/a> and how they want to fight this does this represent some sort of change. Well yes i think i think very much it does come also to be honest with you if you call to mind back a few weeks when there was a very panicked response among any number of
European Countries<\/a> closing the borders unilaterally heavily criticised by the
European Union<\/a> for not sharing protective equipment particularly to the hospitals italy and spain it undermines the whole point of the
European Union<\/a> doesnt it because it relies on open movement of goods and people between countries the
Single Market<\/a>s its a very practical as well as philosophical idea of the
European Union<\/a> and the whole thing started to fall apart of the scenes and so you can see what theyre trying to do in the
European Commission<\/a> really is to get back on the front foot and make it look like theyre in charge events pushing forward the idea of european unity and so the plan effectively is in several parts 1st of all to have this summit in 8 days time which finally having been said about it for a month anyway they agree a budget which will last for several years and is likely to be enormous and will underwrite any sort of attempt by the
European Union<\/a> to recover even if it can get the
Single Market<\/a> going in the short term what theyre desperate to do that there wont be a v. Shaped recovery one goes straight back up but what are desperate to avoid is what they call an l. Shape where all the way down then just flatlines across the bottom for months and months a month so clearly that demands a whole load of money to underwrite the economies particular countries like italy and spain which are which are really. Really having a problem but unpoliced that theyre starting to ease very very slowly the law measures in a number of
Different Countries<\/a> in different ways denmark schools are going back austria shops are opening spain construction started and so theyre trying very gradually to see if they can engineer a situation where country after country can get back a little bit at the time and slowly very slowly try to get the idea back that the borders might become a little bit more porous and you could move goods very carefully between countries and start to get the
Single Market<\/a> going again i was going to take a very long time but this is the
European Commission<\/a> basically trying to get on top of events. Lawrence quick word on rush if you wouldnt mind i mentioned the numbers before it is a comparatively lower death rate but the infection rate is increasing can you put that into context versus someone who lived and worked in the country for many years and i needed yeah no snowshoe i mean the death rate is curiously low given the high number of cases a lot of doctors say that people in their in their homes and its and its massively undercounts its a massive problem for russia on various levels the states the people of
Public Health<\/a> loads of smokers massive alcoholism these are all underlying conditions which are very dangerous to the virus secondly a massive reliance on moscow as a capital as a driver of the economy for 10 percent the whole population the russian lives in moscow its all locked down the economy is a lot of trouble. That the way in which people are trying to go to work there is pushing them to get a seal which will make the virus even worse but the other bigger problem for russia in economics is its almost total reliance on oil as a driver of its economy and of course because oil is now at historically low prices people arent flying people talk about the speed being the worst year ever for the oil industry then thats going to be very very difficult of a russia as a country to sustain because all of the right of the common thank you are in play for those updates from london. Now one european country that took a different approach to responding to the pandemic is sweden it resisted the strategy of putting the nation on lockdown but now it is reporting a sharp rise in corona virus deaths another 114 confirmed on tuesday which was up from 20 the previous day overall about 11000 people have tested positive and more than a 1000 have died in sweden in malmo and says theres been some questions about whether this more relaxed approach is the right 1. 1 of the concerns is that the the mortality rate is twice in sweden what it is in denmark the
Health Agency<\/a> says well that taking a different approach than you think is sustainable that they think will serve them better in the long term thats based on 2 pill is really one of them is that 10 years ago here they had a large scale pandemic simulation. Which is largely a policy this time around and the 2nd is based on
Actual Experience<\/a> pandemics have hit sweden before and one of the 8 particular peculiarities of sweden is that although it has population concentrations house a lot of isolated places as well and in previous pandemics those places were extremely isolated because transport wasnt what it is today and they notice thought when the 2nd wave of a pandemic hits those areas who are really ravaged because they havent had any buildup of immunity in the 1st wife now thats no consolation for the the people who have family members friends. As more than a 1000 and sweden has recognized its failed to protect people properly in elderly homes a huge number of deaths there and also the
Somali Community<\/a> and the rink be area of stock i suppose what american viewers would say is a project have a very high number of deaths that there are people who have been badly affected well only know in the coming months as other countries open up whether this relaxed approach has been correct or not. Our coverage continues in just a moment well look at how this
Global Financial<\/a> shock is threatening to undergo half a century of
Economic Growth<\/a> in latin america and despite coronavirus beijing is continuing a military operations in the
South China Sea<\/a>. Fought in trying to central parts of china and over towards strip a and weve got an area of low pressure pulling away from japan quite a weather coming in behind bits and pieces of what we call a fair weather clad with ordinary of low pressure which will bring some wet weather though into the far north of china as you go on through the next hour so some heavy bursts of right possibly some snow across and northern flank of the system it will slide its way through the yellow sea towards the
Korean Peninsula<\/a> as we go into the latter part of the week that sets up something pretty unsettled for the weekend for that line of cloud there into central parts of china down towards the southwest funny trying to hong kong 27. 00 celsius fun and dry in tokyo at around 17 degrees for the time being may want to find a dry course a good parts of india settle here weve got a few showers moving across northern parts big area of play out here the clump of storms just pushing over towards bangladesh as we go on through thursday but the heat continuing to build behind that pool getting up to 43 degrees celsius want to show is that into us franca for a time want to see showers into tomorrow and also into kerala much of india does stay dry although you could see it getting a little cloudy and a little colder than 40 delhi on friday. From fossil fuels to modern day renewable as societies develop the energy demands increase requiring
Innovative Solutions<\/a> to meet such demands as a global power developing to the
Investment Company<\/a> nebraska power is uniquely positioned to deliver against the stick around we provide
Business Growth<\/a> promote social economic benefits and provide innovative safe and viral mentally sound
Energy Solutions<\/a> for future generation the brush fire nearing future energy. The latest developments across the world with the corona virus pandemic donald trump 1st of all suspending u. S. Funding for the
World Health Organization<\/a> he says the agency mishandled its initial response to the pandemic critics though say trump is just a blame for his own failures. For the 4th straight day russias reported a recorded teddy rise in new infections more than 3300 new cases confirmed. And swedens report of the sharp rise in corona virus deaths as well another 114 confirmed on tuesday up from just 20 the previous day about 11000 people are tested positive and more than a 1000 have done it. The
International Energy<\/a> agency is warning
Oil Producers<\/a> that no cuts in output can fully offset the recent falls in the market the agencys forecast a drop in demand of 9300000 barrels a day and since oil demand for april will fall to a 25 year low the
Worlds Largest<\/a> oil producer is a. To their biggest kept in awe put in history on sunday amid this folding demond its. In addition to this the
Saudi Oil Giant<\/a> around co is seeking 10000000000. 00 in loans to buy a major
Chemical Company<\/a> wants a 70 percent stake in
Saudi Basic Industries<\/a> coal just currently owned by saudi arabias
Sovereign Wealth Fund<\/a> according to reuters the acquisition is a crucial part of iran because future expansion plans the oil giant rise billions of dollars last year with a record breaking on the stock market however
Oil Producers<\/a> have been struggling with as we mentioned before this plunge and demand for crude because of coronavirus try to put a list together now with stephen in a c is the chief
Global Market<\/a> strategist for x. Equal
Pay Financial Services<\/a> company and hes in bangkok nice to have you with us
Stephen Holmes<\/a> do you think pull those 2 things together for me if you would the idea of falling demand a company like aramco needing to look elsewhere but then saying looking for loans billions of dollars in loans to buy a
Chemical Company<\/a> yet doesnt make a lot of sense you know obviously from the business side of the equation aramco needs to become as dominant a gas as it is today in crude oil and
Petroleum Products<\/a> and i think this is a push for the diversification yet boy the timing couldnt be any worse really were sort of knocking on wall street banks stores pretty much at the end of the line here because they think could be front run by the
Airline Industry<\/a> and apply through the u. S. Oil producers and it is just a bad time all around to be trying to ask for money in the markets right now when banks are a locked in to land especially in asset class such as oil where prices are just continue to plummet so aramco and saudi arabia as an extension feeling the pressure here the end of this situation of being a you know an almost one commodity economy. Very much so you know the lack of petrodollars has really devastated not only the economy but the markets there is some hope here that you know this huge amount of support that aramco is offering
Public Investment<\/a> funds here to take a good chunk savak off their hands is going to buttress the markets this is also a bit of a problem in the markets are looking this is to be a bit of an intervention and perhaps a sign of worse to come but that certainly without that support the markets could quite could topple quite severely in saudi arabia and thats a big concern for
Global Market<\/a>s what about the cuts in production something saudi arabia was involved with along with russia and so many other players they will point to it as taking their biggest production cost in history which was a major move do you feel under the current circumstances in this environment that it will be effective you know really its just an epic proportion cut but if you look at the prices in oil right now you wouldnt think there was a
Production Cut<\/a> on i think its just sort of highlights the amount of demand devastation thats a result of the coven 1000. 00 look were talking im president to the levels of demand cuts here and this is just a huge problem obviously 10000000. 00 per just under 10000000. 00 barrels were pretty out of the market certainly not going to leave what is now looking to be closer to about a 30. 1000000
Barrels Per Day<\/a> demand ever stations thats quite severe those numbers just dont add up to me it suggests that the oil tanks are going to fill up a lot quicker and when that happens then its going to be a race to the bottom for oil prices stephen pleasure to talk to you thank you for all your information and expertise there
Stephen Innes<\/a> thanks for having me. The south korean president in and his ruling party is projected to win a majority in the parliamentary election thats despite the pandemic voter turnout was the highest in decades robin bride has more on that and the latest exit polls and salt. This was always seen i think as a referendum on how president moon j. N. Has handled the coronavirus outbreak regardless of any other issues that have been around at the moment he has been high in the given a high
Approval Rating<\/a> and that does seem to be reflected now in the results we the polls have all now closed we are getting the 1st exit polls coming through and they do predict that moon j. N. Will secure his party the
Democratic Party<\/a> will secure a majority of seats in the
National Assembly<\/a> well over 50 percent now given the alliances with some smaller parties in the parliament then that could turn into and more than 60 percent of seats which is an important threshold here because that means then you have more of an effective working with charity you can overcome things like filibusters and so on which is important for moving jay and he still has 2 years as president left to run he can be a far more effective leader and push through bills that he still wants to get through so it is good for him it is also i think good in a wider context for south korea they have managed against advice from many not to stage the election they have staged an election a reminder of the world that we used to live in before the coronavirus came along and hopefully for
Many South Koreans<\/a> a reminder of the normal see that now this outbreak seems to be under control they are returning to we have seen a big turnout here they are still counting all of the final votes but it looks like weve got a turnout of in excess of 65 percent which already makes this the biggest election weve had here for a couple of decades the
International Monetary<\/a> fund the i. M. F. Is predicting the worlds worst economic downturn for generations and latin america it says will be one of the worst hit regions a pandemic could set back more than 50 years of growth and relative stability in america and tennessee newman has more from santa. Alexander guy this is trying to make enough to cover one days expenses selling secondhand electrical goods on the street its illegal but he has little choice made and i thought the police many a city police are let us work because its going to get worse if we cant sell now well have to go out and steal later. Market again our living and they say theres nothing worse than kicking someone when theyre down and thats exactly what covert 1000 is doing to latin america. I was a white all the restaurants close so now im trying to survive doing this just to pay the rent and. The pandemic cut the region on an already poor footing with anemic
Economic Growth<\/a> rising crime and social unrest fanned by severe inequality the forecast now is even more bleak. In various standing. Extreme. To me. So and. To. Me in a. Very human these fears. The biggest problem is unemployment and many latin american countries are too insolvent to provide viable economic rescue plans for small and medium sized businesses. Venezuela ecuador argentina and most
Central America<\/a> a deep in debt already but all without exception will have a hard time keeping their heads above water even after the pandemic subsides between 19952015 tens of millions of
Latin Americans<\/a> woes home poverty and into the lower middle class many of them were able to buy apartments like the ones you see here now these are precisely the people who stand to lose everything i mean the. The i. M. F. Predicts the region will suffer its worst recession in half a century and a lot may depend on if and when latin americas main trading partners china the u. S. And europe recover nothing is certain to disappoint except the regions main weakness a structural inequality that will take much longer to pure than the pandemic you see in human aljazeera santiago now despite coronavirus china hasnt slowed its military and
Research Activities<\/a> in disputed areas of the
South China Sea<\/a> and now in an unusual move the philippines is getting involved on the no expense for manila. The
Aircraft Carrier<\/a>
Theodore Roosevelt<\/a> at sea a symbol of
American Force<\/a> as china expensive to vittie in the pacific and
South China Sea<\/a> until recently since late march it has been anchored off a u. S. Naval base in guam following a coronavirus break on board. Meanwhile china has deployed warships its
Aircraft Carrier<\/a> to waters between japan and taiwan a chinese ship was also recently sighted off the vietnamese coast. And earlier in april the chinese coast guard vessel reportedly ramped fishing but its been criticized by the
United States<\/a> but beijing describes the incident as a collision shes not you know. And this breathless islands are changes that authorities gleams from vietnam even violate the
International Laws<\/a> including the
United Nations<\/a> charter and they date that
Nations Convention<\/a> thats the law of the sea and theyre illegal and by leon with coronavirus cases in decline chinas him parked on a mission to help other countries battling the disease that includes rival claimants into
South China Sea<\/a> like the philippines but analysts say chinas
Foreign Policy<\/a> hasnt changed. Overall and if not to take a beijing does not want violence here chinas intent is to so overwhelm the region with its. Its militia needs that
Southeast Asian<\/a> governments decide that there is no reasonable choice but to surrender just last year filipino fishermen accused a chinese vessel of sinking their boat in abandoning them and yeah china has remained a close ally of president would be good to turkey but in a statement supporting vietnam the
Philippine Government<\/a> reminded china end up with the threat of corporate 19 what is needed most is unity and mutual trust and below aljazeera manila. Were looking for some good news of course some of this coronavirus and well here is some as weve reported new york hit hardest in the pandemic but one hospitals received finally some much needed support. 46 nurses from across the u. S. Were given this surprise welcome by staff at north well health the citys
Largest Health<\/a> care provider training to help treat cope with 1000 patients you know state has in excess of 200000 cases and more than 10000 people died. I just feel like this is a calling that i felt several weeks ago i left family kids grandchildren behind to come out and help these people that need our help ive never been more proud to be a nurse and this is by far the most rewarding career ive ever had in my life and id like to thank them for welcoming us so much. Tom ponce they are on aljazeera and these are the top stories donald trump is suspending u. S. Funding for the
World Health Organization<\/a> he says the agency mishandled the initial response to the pandemic critics though say trumps deflecting blame for his own failure the u. N. Secretary general says now is not the time to reduce resources in the middle of a pandemic something echoed by many countries. One of the most dangerous and costly decisions from the w. H. O. Was its disastrous decision to oppose travel restrictions from china and other nations they were very much opposed to what we did fortunately i was not convinced and suspended drabble from china saving untold numbers of lives thousands and thousands of people would have died. Lets look elsewhere now russia where for the 4th straight day the country is reported to record a daily rise in new infections more than 3300 cases were confirmed bringing the total to nearly 25000 the government also says at least 198 people have died sweden has reported a sharp rise in coronavirus deaths another 114 confirmed on tuesday up from 20 the previous day about 11000 people have tested positive and more than a 1000 have died but sweden has been criticized for its more liberal approach to the pandemic than many other countries. South korean president in his ruling party are projected to win a major majority in the parliamentary election win support has been helped by his governments handling of the covert 19 outbreak. International
Energy Agency<\/a> is warning war
Oil Producers<\/a> that no cuts in output can fully offset the recent falls in the market the agency has forecast a drop in demand of 9300000 barrels a day the
Worlds Largest<\/a>
Oil Producers<\/a> agreed to the biggest output count in history on sunday amid the falling demand on the
Saudi Oil Giant<\/a> around co seeking 10000000000. 00 in loans to buy a major
Chemical Company<\/a> it wants a 70 percent stake in saudi basic interests industries coal which is currently owned by saudi arabias
Sovereign Wealth Fund<\/a> according to reuters the acquisition is a crucial part of around close future expansion plans says thats my lot for today thank you for your company more news in half an hour with sammy but coming up next inside story. What impact is corona virus having on the worlds climate and with planes grounded
Industrial Production<\/a> reduced and emissions decline are there lessons the pandemic can teach us about living with nature moving forward this is inside story. Hello and welcome to the program im
Richelle Carey<\/a> and yes capital is one of the worlds most polluted cities but its guys have turned blue i mean the people can see the himalayan mountains for the 1st time and
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