Im in the throne and does help with the headlines on algebra. The European Union and from suspending Financial Support for these. Yet also wednesdays cruz. The African Union has given the military 15 days to restore somebody involved setting off the Opposition Leader and president ial hopeful has been charged with crushing and insurrection and other offensive. The state of prosecutors as also on sancho would remain in custody after being detained on friday. Sancho says the case against him is politically motivated. A lost coast Business District has come under a drone strike. Early on sunday, the cities may have said they would know casualties and the attack he blamed on ukraine. Russias Defense Ministry instead of disabled the drawings, mid slides, and that they crashed as a result for you as President Donald Trump has held a campaign valley in pennsylvania, where he promised to make America Great again. Trump on the stage by now and launch it in 2016, but lost it to president joe biden. And 2020 polls showed that despite his Mountain Legal trouble, trump remains the favorites among the public and finally, villages to be their policies. President ial candidates, next year, tens of thousands of people have protested across as room against the governments knew the limits, the power of the supreme court. The largest demonstration was held in tennessee where an estimated 170000 people turned out, protest as and for a back on the streets for the 2nd day to them on the interim president resignation a new elections. The rallies comm just today off the president the last day called for the expansion of powers. Hundreds of people have invested in bond, the base to an Anti Government protest. Please find take ass and probable that from the capital bank. The opposition wants the government to resign and those other headlines on al jazeera, the news continues here, off to counting the cost. Thank you very much for watching the zeros here to report on the people often ignored, but who must be hurt. How many other channels can you say will take the time and put extensive followed into reporting from under reported areas . Of course, we cover major global events that are passion lies in making sure that youre hearing the stories from people in places like how is fine with the young man regions. And so many others. We go to them, we make the effort, we care strict. The hello and 0 then yea, this is counting the cost on alpha 0. Your weekly look at the world of business and economics. This week, heat waves in war and ukraine and export bands on a central staples. The threats to global Food Supplies are piling up. Will that lead to higher prices and more hunger also this week . Oil supplies are tightening, and prices are creeping higher or market starting to turn in opecs favor after a series of production cuts. A lack of fuel, a lack of food, and a lack of money to buy basic goods to vice training, to an old ally, russia to help ease its economic crisis. The sporting temperatures ravaged funds from the us to china, russia quite a deal that allowed the safe passage of ukrainian grain exports through the black sea. And ukraine says moscow and its green silos and bond export routes. On top of that, in the band, some rice shipments to keep domestic prices in check. Threats to global Food Supplies are rising once again, and its fear that they will raise costs and worst and hunger across the world. Fenton monahan reports on the situation in lebanon, and chad for the wheat harvest season is almost over. Farmers say they have little choice, but to bolster production because of the level of economic crisis. And the rising global boot price is due to the war and ukraine. But the country is far from producing enough to meet local demand. So beyond can with the heavy in the past, the percentage of farmers who grew weeds was around 40 percent. Now its more than 70 percent. If we get more support, we would be able to grow much more. It is an expensive business, especially since less than on imports, almost everything and local currency last for the 95 percent of its value. The nearly bankrupt government has promised to support production by providing seats at a low price. In the we face a lot of the challenges to be able to invest in orlando. We are poor, we need dollars to bypass designs. Thats why the government should support the c and 11 on wants to end its dependence on imports. But theres a long way to go. In chad, the war and ukraine is also disrupt supply chains and made existing problems even more difficult to manage. Fatima diode is replanting her farm after the previous cross failed. Its been weeks since there was any significant rain, full appointment for the the range were back to last year at this time. I fear this could mean to harvest was farmers here say the lose more crops if they dont see more rain. But thats not the only problem that ive seen, you know, monday at the one in bradley. Even when the rains come, we liked the necessary tools to cultivate crops. Seeds are beyond our reach. With each passing year very of cultivated land and chad shrinks. As the effect of Climate Change becomes more severe that jeopardize the jobs of 20000000 people. And many are going hungry with 1000000 suffering from malnutrition or made worse by disruptions to Food Supplies from abroad. Vinson mulligan for counting the cost and joining us now from cape town is peter t jacobs. Peter is a Research Director at the Inclusive Economic Development division. And the Human Sciences research council, youre joining us from cape town. Peter is good to have you on the program. Do you see a scenario where the ukraine green deal could be revived, or do you think the world just needs to adjust now to a reality where its just harder for ukraine to explore his grade . Uh, good morning. Yeah, Prospect School the green deal to be revive a really very slim at this point because they have been a lot of other people. And in the meanwhile, one of the developments as you, while aware all these, the current 2nd africa rushes summit in moscow. And this will result in, i think the continuation of, for the escalation of a transfers are full grains between russia and ask because that, and african countries and other forms of food to support for african countries. The brain do us boys being very controversial. And one of the most controversial aspects of the grain deal according to recent estimates as being that to this being a differentiation. All the benefits from Different Countries with different regions of the world, from the grain do. Some estimates suggest that between 60 percent and 2 thirds of the green exports actually went through the go global north into europe. Specifically. Whereas a small number of countries into one of asked me to put example of benefits from the green deals with, its not being an even distribution of the benefits of the green deal. Well, peter cut down. So the get you to address that because that is exactly the criticism that vladimir put in his leveled at this green deal. He says, look, this has been a lie all the long. It was supposed to help alleviate the, the suffering and, and Food Insecurity of the most vulnerable people. But actually, africa has only been getting a tiny fraction of the grain from ukraine. Youre getting the lions share of it. Can you, can you help settle that debate for us, for the positive aspect of the great deal . And this is a very, very profound estimate or any important estimate hes, that the grain deal has helped to moderate grain. Uh, price is a serial price is a, across the world to moderate, the increases at the producer level in all of these prices because it is allowed 1. 00 of the key brand baskets of the world, both in terms of grain exports but also because of foot logic sports, its cruel ukraine. To have a lawyer the, the prices of brain and the estimates they anywhere between roughly 14 and 15 percent of global prices for the last 3 months have really declined quite substantially. Dean 0 grains as a result of the black sea grain initiative. Remember, the withdrawal of russia from the initiative only took place fairly recently. And so to spend on brief ex, for the july prices that be looking at uh, whats basically as a result of the initiative that has been in place for several years. So this being a, the positive impacts of the grain deal at the producer level of producer prices. That means they felt weighed. I think the um, even distribution from my uh, you know, point of view. Okay. Uh, but if we had a both together, i think it would have been a much bigger benefit. I have mentioned already the background of the car on some of this competing in moscow. Ready and this summit, im sure hes going to continue the distribution or distribution. The range of 2 distribution arrangements between moscow and 7 applicant countries. A how the panel we, we, we cannot see. And at this moment peter, Something Else i want to put on of yours radars. There are other factors that are weighing on food security, food in security as it were a globally. And i talked to us about number one. The in the ban on rice exports and number 2, the heat waves that were seeing just the weather conditions that are made get harder to grow crops at the moment. One of the key beneficial benefits that be getting from the harvesting that the, that thats happening in, in the, we to harvesting in the global south as being in latin america, for example, the knowledge and teen in these countries. We, we, we have, they have been able to export quite a bit of the grains august 15th this particular season. And they need the global more. We now see the big, extreme effects of global warming. And the impact of, uh, you know, Climate Change on to production could capacity the worst scenario i think is panting out there. Its not what the story can be expected as just pure droughts. But weve always been aware of the importance of, of mobs came fires and, and these are fires have a really devastating and destroying lots numbers of, of krupps and approximately the major producing regions. The indian situation is very, very important. Why . Because i think a lot of the arrangements in the, in the rice exports in africa, for instance, south africa and in Southern Africa broadly, theres been a heavy dependency on rice exports from india and other countries. Now ive since to stop at the war, even before b, lexie, granite, east of k mean. There was a kind of a tendency towards food nationalism as, as, as it was for different time. And unfortunately, this has resulted in countries, especially companies that have historically have advantages inception crops such as rice, india b indicates occasion point of being saying while arguing that it is more important to secure the Food Consumption of our own country, randa then you know, to step in to compensate for picking pick up the war in increasing increasing exports. But the fact is, i think that that also wasnt the situation at the moment to effect as specifically i think theres been a lot of disruptions to a Global Transportation networks. And this is affecting negatively on the transportation of food on a global scale. But a lot of the countries have also been affected by severe difficulties in affording purchase as a full, full purchase of inputs. As a result of inflation to the pressures and, and the depth the, the global debt situation is as made to scenario. You know, a lot of countries, extremely oppose and extremely bad. Peters who look at all these threats that are worsening food and security around the world. Is there something that the International Community in your view should be doing that it isnt currently doing . There are initiatives at the United Nations level that i think we, we have to look at the re carefully and how to strengthen some of those United Nations level initiatives. The in the United Nations initiatives. They are really about the delivery of sufficient for, for the World Food Program and other agencies to countries in the global south, especially with these as a, to the, the situation needs to be extremely severe. And we look at the latest state of fluid insecure to report that just came up and was moving to the beginning of this month, where weve had an addition of a 122000000 people across the font as to whats the via the food insecure uh, in the last uh, yeah, and this is an extreme situation. Of course, we know that it is the compounding impact of both the war uh that, that the end and the stove, the estimates of dakota 1919 pin pandemic. So we, weve got to have interventions at all levels virtually at the Global Global level, the key area in the global initiatives. I think these, the you and support for climate interventions that work ensure that the sleep Production Capacity of countries become more stabilized. This, i think will be one of the most important initiatives at the global level that the cost must, uh, you know, around the, around its pool. Peter t. Jacobs. Thank you so much for your time. Great to talk to you today. I appreciate it. Take care, bye bye. The people supplies low to keep prices as high as possible. Thats been the strategy of the Worlds Biggest Oil ex borders who have been cutting out put gradually since last year. But their big concerns about weak demand inflation. And theres been uncertainty about the Global Economy until recently, markets largely shrugged off the cuts. The opec plus alliance had had little luck in pushing oil prices up. Now though, there are signs that the supply cuts are paying off for them. The worlds benchmark Brent Crude Oil surged above 80. 00 a barrel last week for the 1st time since april and Goldman Sachs expects prices to rise even further. Early last year prices rose to more than a 130. 00 a barrel after russia invaded ukraine. Analysts say saudi arabia wants relatively High Oil Prices to balance its budget and fund and ambitious development programs. So saudi has been leading the Oil Production costs that now amount on paper to nearly 5 percent of global supply. In october last year, opec plus cut output by 2000000. 00 barrels a day. Its the biggest cut output since the end of the pen demik. That angered the us, which was pushing the group to boost production in order to help ease prices. Several months later, the alliance agreed to slash output again. Unexpectedly, the move in april pushed price is up to more than 84. 00 a barrel, but price is soon dipped again. So saudi arabia announced a unilateral cut this time to output by another 1000000 barrels a day that began in july. It recently extended that through august, and russia also now new carves on oil exports after much delay. Moscow is crude traded last week above a price cap set by western nations. Joining us from london is edward gardner. Edward is the commodities economist at the capital economics. So edward oil prices have been rising for 5 weeks consecutively. Now whats driving that . So were prizes in prison from around and 75. 00 to borrow the sausage. That amounts to about 84. 00 to buy. And today, the reason for the the price increase is mostly supplied. So the supply coats the gradually taking place since october last year. I have continued to constrain the markets and we think that constrains supply from coupled with stronger demands from china, things to its economic reopening and the end 0 coded and resilient demand in developed economies such as the u. S. All contribution to Market Participants expecting of types of or a market in the coming months. So from all sides, we focused at the global oil market. Well be in a deficit in the 2nd half of this year. Slipping from a surface in that 1st off of the yes and in large part of that, its due to Strong Demand in us on her arms at the moment. 20000000 barrels today, which was down slightly from last year. Its still close to the record high and 21000000 barrels today in the early 2, thousands. And thats at the time of Rising Interest Rates for the better the raising the interest strikes and chinas reopening has led to increased refinery through. But through the 7 june, we had on nearly 50000000. 00 Barrels Per Day of crude or being or 5 in china, which is the 2nd highest on raffle. And so the combination of the Strong Demand ons, lowest supply, some pads and some improvement incense, many countries, things, and they increase the price of the saudi production cuts and the most significant that theyve been in, in 5 years. Do you expect that to continue . So you rank, it would rather see the oil price, stay steady, steady and have a full rod at the potentially rise to saw. So we wouldnt be surprised is the starting rate here extend that its punched into september, but, but from our market balance estimates, we dont actually think that its necessary. We do still already expect the oil market to be in a deficit in the 2nd half of the, at which it puts a sort of the price by itself. Talk to us a little bit about this specific situation that russia finds itself in because europeans impose a cap on the price of russian oil, except, except the russian oil is now trading above that cap. So that, does that mean . Now we know the conclusion is that didnt work. It doesnt necessarily mean the price competence was the fact that versus crude oil um, in, in europe can, can sell for more than 60. 00 the barrel. Now means that to actually move that crude old rush, it will have to use known western Financial Services and logistics. And if we really think about what the motif off the product was from the very beginning, it was to limit rushes for revenues and not necessarily deprived the market of crude oil supply. So in that respect, if we do receive or should continue to move crude oil, even if even when the critical product is above the 6, dont about cap. And, you know, what we could see is were sure still having to pay quite um, quite high amounts of money to, to sort of make these num, weston and provided movements soft spots, crude oil, and not crude cuts into its oil. Revenue was still to find the market with up with the bottles that is, is much needed. Higher oil and gas prices are a major concern for the us president ial by. And we know that us presence, especially when theyre going into the election year. They tend to want to keep the price of way low. Do you think that us has much leverage over this . Well, so we sold last year and that the us depleted at Strategic Petroleum is us by an order of magnitude as around 200000000 barrels. And now the s, the are still is a significant assets that the us has assets disposal. I think its still contains around 4 to 500000000 barrels that says cruise. Um, so if need be, the us could still deployed a crude or from that as a, if the price, the way to, to rise to concerning the high levels. But as things stand, thats not really something that has been indicated by the us government. If anything you estimate as to us about starting to replenish its s t off in the coming months. So it would be a bit to the usa and really start to see, to look at the us using his s p all which is main assets to come over products. Is it necessary in the coming months . Edward, thank you so much for educating us on the ins and outs of the uh, oil prices and with gardner, there from the commodities economist, a capital economics. Thank you very much. Thank you. The cube is economic crisis is among the worst since Fidel Castros 1959 revolution. Many cubans are struggling with severe shortages and fuel food and medicine. They are leaving the island in record numbers in search of a better life. The government is opening the country to Foreign Investment to help revise veiling economy, but it says there is no quick fix to its financial problems. And its now turning to its old friend, russia to help ease the crisis. Moscow has recently signed several deals with the island, including oil and wheat supply, sugar production, and torres and facilities. As part of the agreements, cuba has agreed to open its doors, the russian investors, and banks. Meanwhile, china has reportedly pay billions of dollars to cuba and exchange for the right to build a secret spying facility on the island. In cuba, as economy grew by nearly 2 percent last year. But the island nation is producing far fewer food staples than it did a few years ago. To joining us from barcelona in spain is hired on new go condo, dean of the college of communication, at the university of sharia and a latin america analyst. Sir, what do you blame for this crisis . Is it just the sanctions on cuba as economy, or is it brought in and that, oh, i mean, or frankly speaking, its a system that has been unable to be so successful, obtainable intensive for since the beginning almost the beginning of the revolution. All the big i can started by see the cost all back in the 19 sixties and seventies to increase and improve to production failed. But and basically the cost of training on was one particular cross which was sugar which day and exported to the soviet bloc. About time and they got heavily subsidized dr. Stuart, the whole of productive agricultural, just as sector in, in cuba. So i system the productive system. People have never been efficient enough to sell to be self reliable on their own for and as always be dependable. The crises accelerated 19 in the not at the beginning of the 1990 because of the collapse of the soviet union and not stop the massive subsidy today they that the given a government used to get and which allow them to put fluid at the bottom uh i mean its ration there was some opening and they started in for 2 foot from the United States, but uh, and they still do by the way, but uh that obviously after uh, the trunk came to power. Stop. And uh, what were seeing is, is a system that is unable to produce and an image on the for the people need. Now the government has implemented some changes. It has opened up cube is economy to, for an investment, to some degree and encourage small businesses. Are you seeing the impact of that . Well, its not enough because if there be, its not always its been 2 minutes responses to the, to the crisis is not just 1991 since the what they call the video, the seller special peter, which is a pretty hard and beautiful then at the beginning of the ninetys, but its not on the product, not be that a to me. But they have been erotic. They wants to implemented when a roku was it was empower one of their ministers to try really to modernize the economy. He was basically brought down very quickly by the gospel and also sides and who knows, you know, what, what did they did to him up to what i mean . Anybody who has tried to tell the truth to the leaders and say, you know, this doesnt work right . Now theyre, theyre trying, again, uh and, and the good person to do some adverse over the phone. But again, can be on the control of the day. They, they open some arrows for the private sector, particularly the National Investment areas like tourism. But like the spanish investor so has always been in cuba they but again, its not, i know they have them are starting to allow some. Busy an enterprise, its a big place, but again, its just not enough that people doesnt trust based on the long term. So the best number to let me is to more than actually the economy to be self sufficient. Im not gonna come under this with you because of its past history and its, its what its showing in terms of policy. They have turned to china and to russia for help. Do you think thats going to work as well to it is the only one who could help them, but is not that politically committed to add to rush. Of course, the chinese want the uh, aspire base which they are now developing in cuba. And which is, are very highly sophisticated as a center which has the 3 doors and high tech devise to listen to the United States and, and that victims might get something in return. The russians are in no position to help anybody. The main help to keep a dog in the past 1015 years was from venezuela, from who will chavez, when he was in power, even today when visualizing complete die of crisis and where the a gas oil or the petrol that is sold in venezuela sold us dollars in international price, the cubans are still getting a huge amount of oil from the newsletter. And so theres a big political the so again, its, its economizing clock. So their main helper is now not nowhere to to, to, to, to be seen or to be able to call you back in the way they used to one day in the past 1015 years. So the situation in the, in the, i mean its a difficult, again, i will have a very clear on that one thing that we need to recognize that the q and government is the recipient. They have been in very similar situations of the pop and theyve been able to survive. Now, i dont know the condo, thank you so much for all your insights. And again, and that is our show for this week to get in touch with us by tweeting me at vineyards. 0. Do use the hash tag a j c t c. When you do order office, an email counting, the cost of the house is 0 dot net, thats our address. But theres more for you online at houses here at com slash ctc that will take you straight to our page, which has individual reports, links, an entire episodes for you to catch up on a sense of this addition of counting the cost times several venue from the whole team here in doha, thank you for joining us. The news is next analysis here. The in 1958 charles to go made of famous speech and algeria and take a dont hold back the tide about jerry and independence. Keep francis companies in africa and the pacific in the final episode of the series, out as they are explorers, how the bits of fights for the french empire still resonates today. Imagine tis french t colonization on which is era. The a drone attacks and the hoss of most goes financial district, the russian Defense Ministry claims ukraine, the hello on elizabeth toronto, and this is alex live from dall. How also coming up . He is qu latest under pressure of an applicant unit, give some 15 days to restore democracy was in you and from