Approaches this weekend by shooting is anxious investors gather outside of finance companies that missed payments. The, the latest at the United States, south korea and japan have agreed to deepen military and Economic Cooperation at a summers and camp davids. Its seen as a bit to project, and unity in the face of china is a growing power in Nuclear Threats from north korea prison and bonding praise the latest of south korea and japan, that this chewing a reproach meant after a long history of animosity stemming from tokyos colonial rule. Ellen fisher reports from kemp, david using the planning, pull down, and most of these and rivalries overcome us. President joe biden believes this is a significant diplomatic moment. This was the 1st summer that i posted a camp david as president , as i can think of no more for the location to begin the next year or next year of cooperation. A place that as long symbolized the power of new beginnings, the location was deliberate, kept even in middle, and the president ial retreat is where a peace deal should be made agreements reached breakthroughs, accomplished upon it. Says korea have a long history of suspicion. As soon as early, but the perceived going menace of china the pacific, i mean unpredictability of north korea brought all 3 countries together and what joe biden declared was a moment of political cottage regarding the response to north korea. The 3 countries agreed to strength of co operation for the full implementation of sections and to work closely together in the un security council. The diplomatic ties will be stronger with a leader level hotline. There will be annual military exercises and efforts to protect the supply chains and the economy. We have agreed to step up our Security Cooperation to ensure our People Safety and security in the region. But the americans that came to point out this is no Time Division or anti showing young disassembled was not about trying. That was not the purpose of the meeting, but it did come. China obviously came up and ill just say we dont share concerns about the economic coersion or height intentions caused by china. But this summit was really about our relationship with each other and deepening cooperation across on the tire range of issues and when well beyond the white house. He says its been working on this agreement since almost jo, biking sparse, the and office, the compact. The insist is designed to last for years and years. But for the moment its only 2nd to last as long as youre bite and remains in office hours for sure. Ill just do that. I come david in maryland. So the u. S. Is already part of 2 of the alliances in the asia pacific with she had concerns about china. One is the quote, officially the quarter or lateral security dialogue, which includes the United States strategy, india and japan. Then is orchestra security packed established in 2021 by the u. S. U k, and australia on a tank and is a senior fellow at the time institute. He says the trilateral meeting was a p. Austins an opportunity to discuss the concerns of growing chinese influence. I think it is about china. Youll notice in the last 2 months, all 3 countries put out the defense white papers identifying or security white papers, identifying china is the threat of japan and the us explicitly south korea implicitly. Then you have this summit, its been choreographed, but clearly it is about china. Its hypocritical to say it isnt. Obviously, there are other issues somewhere discuss, im not for instance dpr k nuclear threat. Definitely an issue, but you know, the release of nuclear, a waters off the coast by japan. Um, not discussed, are you talking about these things . This is just its, its a p r exercise. And the question is why . Well, you have 3 leaders who were all under 40 percent in terms of their popularity. A binding is at 36. 00, is the highest you and is that 33 percent and can cheat um, depending on how youre looking at his, his cabinet is only a 26. 5 percent approval rating. So they were hoping that this would make them look strong, but unfortunately, by not addressing issues like the Nuclear Water release and, you know, trying to make this sound like its not about try to when it is try to takes away a little bits impact. So the taiwan has condemned Chinese Military exercises near its more has bound to find china for its freedom and democracy. But response comes on to china, announced that conducted naval and exercises near the self ruled island, which page and considered as as its own territory. China. It says it wants to show its combat readiness. The exercises follow the time when these Vice President visits to the us to live in west africa. Nations have agreed to commit troops to a military deployments. Tunisia aimed at restoring the house of president of defense, james from the eco wants book site. They have decided on when to launch a military operation, but it will only be a last resort to full Diplomatic Options with the q latest file. Tell stratford reports from that amazing and cro gonna up to 2 days of close to meetings with the applicant defense chief say they have a plan for possible military intervention against 2 leaders in new jersey. We put the agree on find to own ripper to apply for the income pension this i typically capacity regular strategic objective equipment needed on the minds of men bust fees to better better, better incorporate. I could watch commission for peace and security said the west african block, had the resources, equipment to political will, to act militarily and the door to find a diplomatic solution to the crisis would not be open for much longer. The member must do so because theyre going to be hard for me to elements because when we take the on the equipment, they have the resources to run that take this mission. So i tell you were ready to go in in time. The or the is cubic, but d b is slow beside the diplomatic effort spine, you must delegations including echo as the african union, chad the u. N. M, the us old bids to find a peaceful solution to the causes of so far failed. Is it going . Says it wants to put sanctions on every member of the community to self appointed so called Transitional Government news. Yeah. They still refused to free, detained democratically elected president mohammed bar zoom. And a pushing came on trial for treason, a move which echo us. And its International Back and say, hes groundless. An escalade tree, obviously is keen to dispel room is that policy only j was being dictated to by foreign governments like new jersey form a colonial power from because they do have this in the players. All is principles. Both misinforming the probably about equal out to be a good guy. Ready all being directed by this all up ill be, you know, the, im missing the point completely. But any military intervention plan against in these years koolaid is faces Many Political and legal hurdles before it could ever be implemented. These include approval by parliaments and legislative bodies of participating west african states, a number of which including regional powerhouse nigeria have already said no to any potential military action yet. Because this commission of official security was definitive in saying that this is not a war against and these yeah, he said that is expected possibly in the next 24 hours or so. A committee of echo as representatives will travel to the sherry and capital in the for discussions with the 2 liters, which is something that the 2 liters ive said in recent days that they are still open to. However, defense chiefs here now say that these kind of discussions cannot go on forever and if necessary, they are ready to go. Child stuff without a 0 across. Well, it was defense, cheese did agree to a military Intervention Initiative full of suspended members who have had military whos in recent years with not as that amazing that includes new. She is name is molly advocate of fossil who formed against a joint force this year in states. Tvs reporting that Senior Officers from the 3 countries have mentioned the i me to develop a response to any military intervention. Molly and bettina foster also reportedly sent military planes, tunisia to show their support or canada is worth while 5 seasonal record is getting worse as flames closing on the capital of its northwest territories. Thousands of people in yellowknife have fled to safety after and evacuation order. But hundreds of killing me has south hundreds of building in wisc, colona, British Columbia officials via have to clear the state of emergency. Russell and jordan reports a fast moving wildfire in the mountains near the city of cologne, a British Columbia. On friday officials there declared a state of emergency as the fire destroyed homes and businesses Mcdougal Creek wildfire is just one of more than a 1000 fires, burning across canada. Up north and yellow, nice residents were heating the governments order to evacuate by noon on friday. A mass of fire is approaching the city from the east. Nobody official said evacuation is necessary. Were heading into a critical couple of days in this. During the management of this wildfire, we expect to see northwest wens to north to west northwest twins over the next 2 days. And that those are wins, that will trend. Both of those fires in directions that we dont want fall far as buyers are a natural phenomenon. You, in official say, Global Warming is fly. Canadians are living in crisis mode. This year weve seen very, very high temperatures this week, including a temperature of 42. 2 degrees celsius in the town of lesson, which was a new august temperature records. You dont normally and you shouldnt normally associate 42. 2 degrees celsius with canada. But this is what we are seeing. The forecasts for western canada wide spread and light rain over the next few days. Not nearly enough to extinguish these residents nightmare. Rosalind jordan, l g 0. Canadian Prime Minister just intruder ended his Family Vacation to visit a wildfire Evacuation Center and laid down his governments plan. Or does the government working together, the federal government is there with uh, the significant military assets were coordinating the air evacuations were making sure that were there to respond to all the needs of, of community now. And will be there in the coming months in years as we look to keep people safe moving forward, even as we rebuild in places where there are terrible losses, firefighters and spans tend to reach say, that has made some progress against whats being described as the most complex, wild find there and 40 years the blaze in the Canary Islands so. So i thought destroyed nearly full 1000. A hit is of land. A 1000 people has moved to safety. Barbara and gulf of reports across both of them was 5 which have safe. Ive been to almost full size of the heck test and the Spanish Island of tennessee reef. Its effected thousands of people who have had to leave the homes or stay in doors to avoid inhaling. The fumes strained, civil god has been moving door to door to help evacuate habits and villages and the effected area. Some residents say they were given just an hour to pack a lot. They have no duck guys. It is super stressful. We have to leave our houses and everything. Lets see if were lucky and hope to fire doesnt roll down the hill, which would be most dangerous. Lets have hope in the firefighters. The fires have come down overnight. A change in the wind direction threatened to spread the flames to new areas firefighters struggle to keep the blaze reaching populated areas. Spain has suffered drought for the past few years. Its left across tend to dry fueling walls costs and mountainous areas. The european for his flight Information System says blazes brand 800000 heck tests of land the European Union last year. Spain was the west effected country accounting for 40 percent of the bench area. Scientists say heat waves close by Climate Change will make qualifies more likely barbara and good out this era. So still a head on l. Just sarah, the high inflation and extreme funds. We hear from ogden 10 in the midst of it all. Plus, im gonna see a newman in the and then to call region of ecuador, where communities must vote on whether or not to keep all this intact or open it up to mining interests. The the, lets get going with your weather update. Well take this one off in the middle east and with this phrase ill face or mediterranean, its keeping temperatures to pretty well where they should be for this something your winds are shifting around a bit through the goals. So that means it will not be as humid for us here in doha, and will maxed out at 44. 00 degrees now for central asia temperatures. Okay, pretty well where wed expect for this time of the year. But if we look over the caspian sea for bako, youre running about 5 above average with the daytime height of 35. 00 degrees spill keeping that breeze through the boss 1st. So another windy day and assemble at 28. 00 degrees. Temperatures are continuing to go down in ankara, and they will do so right into the next week. So relief is coming in 10 spouts of rain from the gambia, senegal rate through to see are the own dark or the blue and the yellow. The more intense that rain is falling, and then weve got this cluster of storms from chad rate through into camera room and for the eastern side of nigeria on saturday. Meantime, as we look at southern africa, weve got winds coming from both directions here. So thats going to produce a few showers for south africas eastern cape providence, closely with them to tell showers, and maybe even some snow for the su to. And it looks like a mostly cloudy day in durban, with a height of 21 degrees season. The teenager arrested and accused of conspiring to over through the russian government, determined to prove your innocence or a political mother becomes a permanent human rights act. A remarkable tale of political persecution and the price paid by citizens full file districts for the new great. In this case, a witness documentary on a jersey the the youre watching, ill just hear a reminder about top stories. This allen, the leaders of the us depend and south korea have agreed to deepen military and economic ties at the summit and cant dive as they condemned what they described as china is dangerous and aggressive behavior in the South China Sea defense shapes from the west, african block eco was site, they have really from military intervention in asia. As soon as they are given the go ahead from the heads of states. The group says force as not the preferred option, but does not believe an endless dialogue. Canada is facing, its with bias season on break old officials and with colona, i have to clear the state of emergency as well. Funds continue to destroy homes and businesses and to separate blaze and yellow not has despise 22000 people. China is lowered several key Interest Rates this week as concerns mount a listening property crisis and its impact on the economy and bass will develop a china if a grand group has filed for bankruptcy protection in the us. Now the filing will protects the companys assets as it restructures its 300000000000. 00 and did a chinese, china is biggest develop a country gotten, has missed several Interest Payments on its loans. Its always about half as much as they have a grant, but seems to have cash flow problems. Includes default and shown wrong trust, which manages some 108000000000. 00 and assets mis payments to his corporate invest, as well. Anxious investors protested outside the strong growing trust building this week off to defend files to make interest and principal payments. The people come into it online saying that the food was having cash flow problems, but the company denied those claims and says those printing room is online criminals. Us would help us break this soul down. Lets see a garcia headed or is the chief economist the asia pacific at the French Investment Bank, the texas. She joins us live from ty, thank you very much for being on the 0. Well, get to those purchase in just a moment, but can we just go back to with this began a few years ago when the Central Government could exist. Borrowing to try and slow the rise and how surprises that i mean, effectively cut off a major source of funding for Property Developers. Was that a bad move in hon size . Well, it depends on the over 50. If youd be able to to pause, which i think it was to reduce the size of this bloated being below the real estate sector in china. Because it was about sustainable that was it right . Well, perhaps not as aggressively perhaps not as drastically, but it has to be done. The problem is that the consequences of such symbol biome is, will have be lower groups. And this comes on a couple, 3 years of seo cobit and very disenchanted consumers. So its more more the timing that the actual investors might view that, that now were kind of of realizing how bro try not to exceed in terms of those. Um this year would be perhaps 5 percent, but next year would be worse because we have a very large basic issue. Things do that real. I mean you spoke about disaffected people. We saw those protesters outside to one of the friends that is struggling at this point. In time, you know what other, its obvious, you know, if its not just if a grand how, how badly is this affecting other Property Developers and how widespread is the problem as well. Even before weve heard about the garden, countrified, the many ways the largest in the brain, china, you know, right, that it has just hobby of the dead on the ground. That because its much less leverage. But hes a humongous thing for 254 companies. So you know its email is so easy, so way this is tammy, and by the way, between ever brand it on uh, kinda find out what happens very many poles uh by a smaller private and this is key, private developers. So now whats happening, you said it is only this thing, you dont developers that are buying non 84 percent of the lot useful by said on the very 1st. So its like to re mastered a section of a sector that was reading through the private sector in china. So this is whats happening. Ive seen some point households with buy um, basically only from state on developers. And oh, and that the risk is much less income, so im fitness units or defaults, as you mentioned. Right. Well what impact is this having on the why . The economy in china, the real estate sector is between 330 to 40 percent of the economy. Do you think about every sick but the ends on it . So it is my sense of what the fix. I said investment. Shes growing new to double digit nick. I think double digit for already given to what all works and ive done it and it was so hot that must have an impact on, on, on trying to throw those out. What is going to happen from here . Things going to continue to get worse to me. I would say that some people are calling for crisis. Im not that im not on that account because china looks much more than depend on the us. Stop prime prices pain or any of that example of the verse of the bible 3 and say about this is more slow motion. So yes. What it does is it supposed to get worse . Slowly spend any empty, get better once the supply of housing has disappeared. Its going to take many years. Okay, thank you so much for your time in and your inside. That is. Lets see. It gets here headed, our chief economist for asian pacific, at the French Investment Bank that takes us, thank you for the ultimate challenge of all street us. The best in coats has been charged with giving false evidence to a pile of entry inquiry into corruption. He is said to stand trial in october for his governments alleged roll and offering 5 is 2 of russian invest in the corruption scandal. 2 years ago caused his boost government to collapse before he returned to pelham. He says the allegations of false california is preparing for our can. Hillary, a powerful store most of the Pacific Coast of mexico is probably the 1st if a Tropical Storm watch in Southern California crews, south of los angeles covering a hillside in san clemente with top to prevent month slides. Hillary is expected to bring strong winds and flash flooding when it makes land full on sunday. A levy ryan sold in argentina has caused flooding and damaged hundreds of homes. That in the station is only making life hot. Its people really struggling with sky high inflation. Analysts expected to beat much hot in august then in previous months to raise about has more from photo site is cleaning up after a massive storm flooded this area in the city of level at the window site. Is it to somebody or that he is trying to salvage anything she can, but they will to destroy her refrigerator and the television. A much unethical and all i worked about night. And so all the was coming in. My sons sleeps on the floor because theres nowhere else to sleep. We survive because my mother has a soup kitchen. Because otherwise, with all salaries, its impossible. The storm has made the families dire living conditions. Even worse, flooding happens in this part of one side is every year people tell us that theyve been promised that the situation will improve. But it doesnt. Many of those who leave all around this area have lost all of their belongings and with the current Economic Situation in argentina and sewing inflation, it is impossible for them to be able to buy it again. Or didnt. Tina has been struggling with an over a 100 Percent Inflation rate in the past year. Its also trying to pay back over 40000000000. 00 in forwarding that to the i m. F. Primary elections last sunday showed that have yet to be late as far right candidate go to around 30 percent of the votes. Really promises radical changes in the economy. The possibility of him becoming argentinas president has shaken up the president ial race and the economy. The government evaluated the currency around 18 percent in an attempt to stop the outflow of us dollars. And the prices started going up once again the, the, it was that the, it would be work and the government, the value rights when theres a lack of trust and credibility, with very low reserves and outside of an insightful ton, the success to base on certain say and it wont have a real impact on the economy so that the valuation translates into more inflation. And people, you know, didnt tina are finding ways to be financially creative until the end of the month. Lease of the unpaid says the last week has been impossible incumbent on unclear because those who are government are not leaving and all the prices are going up. I had to buy cream for my foot and it was 800. 00 pesos. Now its 1400 just in a few days and you know, frustration, anger, and despair, everywhere. As the country gets ready to elect, then you press it in 2 months. Many are desperate for solutions that will give them some sort of stability back 80. So well just see that when a site is a liquid organs go to the polls for a snap general election on sunday. The voted could have an important impact on both the economy and the environment. They will also be asked to vote for or against the bending of mining in the highlands, as well as fill the oil drilling. Youve seen a National Park in the amazon, a lesson american. It is at lucy and human reports from the indian chill co region. This is the heart of the tool indian region to speak to john in ecuador. Its known for its extraordinary bio diversity and is essential for providing much of the capitals, fresh water, and food. I keep the phone number i will see on the cafe here will produce organic coffee, milk, meat, co co should that but not as loads of products that go to the city and from the to other places around the world. The, the, the people like really must say that the region and those who live in is facing a powerful enemy. Not far away, rusty machinery and stacks of lift up with chemicals of the telltale signs that the legal miners have passed through here. In addition, equity to us, government has granted 12 mining concessions to local and international companies. And 8 more are in the works. Do you think that on i said on this, but this young response outlander, they say theyll carry out responsible mining. Thats what theyve been saying since the beginning of time from the expectation of oil to mining. But i think we all know the most bottles, apart from the exquisite vegetation, the mountains, and the shows that you see here are rich in gold. And in copper, that is why the communities that lived here one that all this could become one giant mine that would contaminate and destroy life. Thats why on sunday, the doors will be asked to vote in a referendum, in which they can decide whether or not to completely ban mining in this area, as well as Oil Extraction in another of ecuador is ecological hotspots suggested in the National Park, and nichol doors amazon greenforest is one of the most bio diverse in the world. But its also origin oil and sundays referendum. Dorians will essentially have to decide whats more important, exploding it with doors, most important source of income, or preserving it for the good of the environment and its inhabitants. Thatd be done. May that be . The petro look is union is both, are possible. Look at the name of instead of a name, and thats what we are exploiting of the moment is barely ag hooked is out of a total 100000. 00. That makes up the sony park thats allowed us to extract 55000. 00 barrels of oil a day, which is nearly 1200000000. 00 for the equal to reinstate. Its a lot of money for a country already deepen debt. Questionnaire. Good warrants must answer is what will ultimately cost them and their environment more to see in human outages era. In the end, the and chuckle, region, ecuador, the, well, this is al jazeera and these are the top stores, the ssl, the leaders of the us, japan and south korea have agreed to deepen military and economic ties at the summit and camp davids. They condemned will. They describe this china is dangerous and aggressive behavior in the South China Sea. Today we may history the 1st ever stand alone summit between the leaders of our