Months after he fled during the nations worst economic crisis in memory. Go to by roger pack. So was blame for pushing for lanka to financial disaster, as protested across the country rally against this rule. Ahead of the u. S. Atomic watchdog says hes worried about ukraines Operation Nuclear plants. Raphael grossey has just returned from ukraine. He confirmed to i e. A inspectors will stay at the site permanently to continue to monitor the situation that it was captured by russian forces. In february, there are fears. Shelling in the vicinity could cause a nuclear disaster. We have been seen a military activity around the plan and i was able to see myself and my team impact whole markings on, on buildings of and so we means that the, this is kind of the for seen, has been violated, not once, but several we believe and i continue to believe that this vision is extremely complex, extremely challenging, and it will continue to require the permanent, the permanent support and the monitoring that we are trying to provide now that we are, theyre rushing gas flows to europe via the north trim one pipeline are suspended state energy giant gas problems. As a current reopen, the vital delivery mechanism. Due to an oil leak is not clear when it will reopen. The decision followed and an announcement by g 7 nations to count the price of russian oil exports. Supporters of argentinas powerful Vice President of gathered in boiler series after Christina Fernandez the kirschner survived an assassination attempt outside her home. The president says a man pointed a pistol at her, a bought point, blank range, but the gun didnt fire. At least 47 people, including a high profile clara could have been killed and a blast, enough canister. And it happened near historic mosque in the western city of iraq. Those are the headlines came to the cost is coming up. Next i go away. This is a region that is rapidly developing, but its one also that is afflicted by conflict. Police collapse. Weve tried to balance the stories, the good, the bad, i believe. And hes the people who allow us into their lives. Dignity, intimacy. Ask you to tell their story. I lose hello, im money inside. This is counting the cost and al jazeera this week. Unprecedented flooding in pakistan has left more than 1100 people dead on his display. Millions, the government estimate damages of nice 10000000000. 00 a blow to the already struggling economy. The race for the optic Global Warming is causing i sheet to shrink opening up new shipping lanes and access to vast Energy Resources that has increased geopolitical tensions as world power tried to tap into the regions economic potential. Also this week, Microsoft Partners with katara to launch a global data center, the 1st in the region to develop digital capabilities and support innovation across industry. Stay with us as we look at the world of business and economics. Ah, we begin in pakistan. The most devastating flooding in decades has left one 3rd of the country under water unaffected, at least 33000000 people and tire villages. Off the merged roads, bridges, and Railway Lines happened, washed away, and farmlands have been destroyed, displaced pockets, danis need food and water, and the threat of Waterborne Diseases is growing. Well, the government says it could take up to 10 years for pakistan to rebuild and repair its infrastructure. The planning minister says preliminary assessments suggest losses, of least 10000000000. 00 out of time when the economy is already struggling. More than 80000000 hexes of crops happen destroyed. Agriculture is the biggest sector and contributes about 23 percent to pakistans. G. D. P. Rivers have bus their banks and dams have overflowed, damaging more than 3400 kilometers of road Railway Tracks and bridges. As well as home schools and clinics. Theyve been dropping this report from the village and sin province. One of the hardest hit regions the, this is the faith of hunger. To describe what is happening here as desperation. Trivializes the extent of the suffering the we spoke to 1st on as she was headed into the fray. She says she had no choice. And who do go now . Oh, houses have fallen down. Dont have changed. We cant shade our children from the sun. Now houses have been submerged. I swear to god. There is nothing. While our belongings have been washed away, we poor children are sick. They are just sitting there. Senior Army Officers leading this relief operation, tell us their orders are use a light touch, help everyone. But making sure the weakest in the crowd, women, children, the sick and elderly dont get pushed to the back of the long. Often requires for the armies arrived at this village, this much needed humanitarian supplies food mostly. And theres been a scramble at the supply truck because people here know that there is not enough for everyone, but they are still the lucky ones here across the way where the road has been completely washed away. Or people cut off from other villages. And they are just hoping that someone is able to swim some supplies over to them. Who is the most deserving. Who should go 1st . Seems to be an impossible decision. I know we, but if anybody is young and theres no reason to worry, god willing it will and well get something. Okay, but calmly wait your toe and every one will get help. Reassurances bring peace, but only briefly. I, as the trucks begin to empty, panic returns and people jump the queue once again. That survivors say not to do, sir, is to choose death. If they dont get food will just a duck and die. What else can i do . I dont have any bread. I dont have any water. All the children are starving. Bringing order to the chaos caused by floods is an unenviable task. And one that has only just begun to take a more in depth look at the consequences of the floods on the pockets on a economy on join. Now from islam above by b khan who is the group chief risk officer at condos, pucks don financial services. Thank you for your time, sir. Pockets on planning minutes. The said this week that early estimates put the damage from the floods at more than 10000000000. 00. If that estimate is correct, how devastating a blow is that for its economy. So that is a fairly early estimate. We expect something around 20. 00 to 25000000. 00 to be the total economic cost. Once the water receives the dust settles and we can really see what really happened right now, whats happening is because the rules and the infrastructure is on a broken large truck saw send them will just stop, which are the hardest ones that are under water. Its not even possible to take relief, watch the hardest areas, so it will take time before we truly understand the gravity of the situation and the economic costs. If we have to assign a number toward, i would say needs to be at least 20000000000. 00. If not more so double that estimate. We know the agriculture makes up 23 percent share at the countries g. D p. More than 80000000 hectors has already been destroyed. Of onions, tomatoes, rise, other crops. What kind of impact is not likely to have . That is going to a fairly massive impact on economy growth as well as what are the inflation and more importantly, food security. Now whats happening here is the rain struck send, which basically wasnt growing at this point in time, right. And gotten no, right. We had a major export, right. So whats going to happen is we wont be able to export, right. They will actually be a shortage of rise in the country. So doc would lead to increasing probably. Right. Similarly, a lot of condiments and budget tables fail also been just trying to, including announce tomatoes, which are essentially stable goods that higher prices for them prices for to meet or the onions of increase by more than 100 percent or the last few days. Because the infrastructure is broke in, the supply chains are broken and its not possible to take tables from one point of the country to another. Thats where the government is really focusing on in opening create with india, so that we can import these essentially the stables. Let me pick you up on that that point about importing because pocket stones economy was already struggling with a huge current account deficit, high inflation because of over reliance on imports. And now as you say with so much of the food destroy, theyre going to have to import more. This couldnt have come at a worse time. Could it for the countries finances . That is correct. This is possibly the worst time. The major will actually happened on the day when im, if program got through. So were looking at additional deficits around 5. 00 to 6000000000. 00 in addition to the different back or there earlier. Because i said earlier, we wont be exporting a lot either. Thats right. But we will have to import additional food as well. So the balance of payments is going to be literally only a few hours, but we have the finance minister coming live one tv that be make go to the im if again for another. And we didnt the facility so that we can bring the different search required for importing food. The i m f has agreed to give pocket done, as you say, this lifeline of about just over a 1000000000. 00. If they hadnt received this tron if money was there a real concern that the country might even default . No, it wouldnt have resulted in a deformed because for a default to happen, you need to let and not be able to pay money or pay back the bond or excel debt or bias on a house sufficient fund or a place to ensure that it is able to be offered to extend that credit does, but that would have meant matchup was 30 and part time which would and significantly higher prices of food and Everything Else and even rationing. We talked about the short term need. Things like food shelter, but they are, of course, the long term needs. Once the floods go away, the rebuilding infrastructure. I mean, what kind of costs are we talking about . Were looking at massive cost. Sure. Just a rough estimate. Were looking at at least 3. 00 to 4000000000. 00 for just revamping the wrong network and building all the bridges that have been destroyed. Its about 4000000. 00 off public capital, public money that needs to be re rested, to go back to a basic. Similarly, about a 1000000 a house has have been destroyed for me or partially of that. Those roughly 700000 houses arent similar. So we estimated roughly 6. 00 to 7000000000. 00 of just reconstruction costs. That would be from private gap or not. These are people who are already fairly below the forwarding language, show them and they have seen the line they have seen the crop for the year completely gone to. So there is a capital crisis as well as the private capital does not exist, really rebuild. And thats where the government is also going to step in android. Some kind of a facility to enable or support rebuild involve houses. Infrastructure focused on suffered from similar, devastating floods back in 2010. Were any Lessons Learned from that disaster leave. Know that since were not from that disaster, we are still building houses. They are still building and whats a stablish means on riverbanks . Were still building were doing construction in our growing robin. So there is a severe, i would say, lack of compliance with building for the infrastructure guidelines, but you actually leave still such a law says run flat. Really, really interesting to talk to her be con group chief risk officer conduct pocket on financial services. Thank you. You the now we go to the north pole, a country border, the arctic circle, and many of the territorial waters and exclusive Economic Zones overlap. Its harsh climate has been a natural barrier. What would the effects of Climate Change warmer temperatures have made the region more accessible, and that is opening up a new front line in the battle for Natural Resources and maritime trade routes estimates very. But about 15 percent of the wealth, untapped crude oil and fed. If its undiscovered, gas is hidden below the surface and as i sheets melts, theyre presenting opportunities for Energy Companies to explore oil and gas reserves west trillions of dollars. The arctic is a major source of Mineral Deposits vital to developments in science and Technology Rep elements. The used in smart phones and computer hard drives, while Platinum Group metals like palladium have medical applications and i use in the manufacture of Electronics Like catalytic converters. Im the icy waters, a rich in plankton and fish stocks the ought to. Coastal states china and the you signed a tracy last year to prevent unregulated fishing in 2800000 square kilometers of international waters. It aims to ensure that future fisheries in the central arctic ocean will operate sustainably. The northernmost region of the planet is warming up 4 times faster than the rest of the world. And far more quickly than scientist had predicted. Reset shows nearly 60 percent of the polar ice cap has disappeared in the past 40 years. This is opening up the Northwest Passage as a short cut for shipping between europe and asia. Joining me now from the city of chrome, sir, in no way is mobs. Christopher dixon, math is the executive director at the arctic economic council, which is an independent organization which represents industries in the arctic region. Thank you for joining us. Mads not the arctic is quite different from other parts of the world. Many people might not be familiar with it. Can you tell us about economy . What does it involve . Traditionally, there are 2 region has been, you know, a place for tourist shipping for many years and, and fishing, but, but its also, its changing, its changing a lot. This year we have bird school farming. Satellite companies are looking north bio innovation, but overall you can say the arctic region is the region of opportunities for many, many countries in the world are struggling with the energy needs at the moment. So how have the Global Demand for Energy Resources impacted your economy . People are definitely looking knowles for many reasons, but also for energy reasons. Traditionally, we had the, i mean, this region has been and 11 way or another Energy Export or from any years. But in, in the past 50 years, its mainly been oil and gas and youll have it in alaska, youll have it in no, no way. And of course, also russia, russia is heavily dependent on, on, on the oil and gas being the dues, and l n g being produced in the arctic region. But let me say its also else i thought the Energy Sources else have renewable in nets like your thermal in iceland, women, finland, hydro, norway, and even solar panels in small communities. But energy is, stephanie, is a big employer in the region, and its, it has a big Economic Impact for the communities there. You mentioned russia, russia, the rich resources you are talking about have drawn rival countries like the u. S. Russia and china to compete for Strategic Influence in the arctic. Is this a good thing or a bad thing for the optics local economy . I mean, more attention is always good for small region, so we are massive region when it comes to land mass, but were just for 1000000 people. So the reason has so many of in a post a bar for Climate Change until political challenges and, and now we also start seeing it isnt coming up. But unities as i mentioned, like energy and fish and is also home to many people. So people will like investments, people who are like investments and infrastructure, and the attention that we see from countries like india, china, japan, etc. Thats a positive interest. 60 percent of the polar ice cap has disappeared in the past 40 years, which has opened up things like the Northwest Passage, which is this short cut 1st shipping between europe and asia. How beneficial is that going to be . I mean, the people low false living in dr. Were really the 1st to see and experience the problem of Climate Change. A recent report for some years back showed that Global Warming happens a 3 times the speed and arctic. And now both read the news is even full times and someplace its even 7 times the global average. It had some opportunities in it, but also a lot of challenges that challenges are like permafrost, routing infrastructures, new with hurting drones for indigenous communities. But some of the opportunities is, as you mentioned, new shipping routes on new fishing areas. So what we have to be aware is we have to find the balance between, you know, responsible and sustainable development. And we also have to remember that the global melting of place here in the north also affects the rest of the world. It does indeed. So what can be done to stop this damage and what is being done about it . A lot is being done. I think the most important thing is we dont stop punishing the people in the arctic. Those form of the people are not emitting all the seo tool that it causes this Climate Change. But we definitely feel the impact. Looking at the positives, i think we should look at like developmental hydrogen. So through dr. Region companies are investing in hydrogen because we have a lot of renewable energy. You can also see Companies Investing in battery production for electric vehicles. So we have to start looking a new technologies, we have to do some kind of energy, transportation. And also we also have to look at Climate Mitigation for those communities affect the, the Climate Change. How is the arctic going to be able to help with the man for food . Im very glad you bring this up because i really think this is a perfect opportunity for the arctic today. Only 7 percent of the worlds protein intake comes from sea food. And we, in the arctic region, i mean we are, we are a big land mass surrounded by water and we have a lot of fish to feed the world. So we, but we have to look at, its not only about the fish, but its also using more of t