Transcripts For ALJAZ News 20220715 : comparemela.com

Transcripts For ALJAZ News 20220715

A News Conference shortly on the resignation of president. Gotta buy up roger packs. Ah, hello, im down, jordan, this is out. They are alive from dough also coming up, chinas Economic Growth slow sharply to 0. 4 percent as widespread locked downs hit industrial output and consumer spending. Post indonesia calls on g 20 finance ministers to find Common Ground to the catastrophe. Low Income Countries facing sawing food and fuel prices and us President Joe Biden signs of declaration with israel, aimed at preventing iran from acquiring Nuclear Weapons. Ah, thats me. Cub shall anchors. Parliament is due to hold a News Conference shortly after president got to buy a roger packs. I submitted a letter of resignation. Will these ally pictures from colombo, where the speaker a handout yet, but otherwise, dana is due to speak shortly. Earlier hed said the Resignation Letter must be checked for authenticity. Well, got a bi at roger packs that is now in singapore after fleeing to the mall, deeds on wednesday, under pressure from mounting demonstrations against his presidency. Protest as want a new government to end the countries deep economic crisis. When l fernandez is in columbia with the latest on russia, paxis Resignation Letter, it will have to go through a very stringent verification process. Is what the Speakers Office says. That will involve ensuring and making sure that it is what it purports to be. The original resignation document of resin. Go top, a roger boxer, obviously a bit earlier in the day we heard that the president had flown from the motives to sing a pull. But here at the protest, drone 0, you can probably hear all the sort of speeches and some of the sound from behind. A lot of those speeches still are sort of reacting to that news alert that the resignation has come. So a lot of a sort of silly brain tree kind of speeches, but by far and large theres no a sort of strict curfew, even though we were told that it was imposed till tomorrow morning. So people are going on with things. A one concern is that we were told that outside the president ial secretariat for a few hours has been a number of buses full of military personnel on some with right here, some with battens. And thats a bit of a concern as to whether or not they might be deployed in this protest area. Chinas Economic Growth has slowed sharply as a 0 copay policy and widespread locked downs hurt industrial activity and consumer spending. Second quarter g d p grew just 0. 4 percent compared to the same quarter. Last year. Economists will in the governments full year growth target of 5. 5 percent is not achievable. Agent brought reports from hong kong. For more than 2 decades, chinas economy has been the dependable engine for global Economic Growth. But that engine is starting to sputter. He thinking kinship, the worlds 2nd largest economy is slowing, and president changing pings 0 tolerance. Kobe 19 campaign is being blamed. 30 months after it began, but in whew hand, last month he signaled that it was a price worth pay. Given the low vaccination rate, no country in the world to get it down to 0. So how is china going to be able to do that . Particularly with low vaccination, right . It seems a very toy odom earlier this year. Business activity and shanghai was brought to a standstill for weeks creating calles and food shortages. Now the business and Logistics Hub is struggling to contain another outbreak. With households advise to stuck up on 2 weeks of food and medicine. While many countries are trying to live with cobra 19 along with its multiple sub variance, china, it seems, will not be joining that list anytime soon. And so for now, the economy remained stuck in a stop stop pattern. This week the government has released another batch of economic and trade statistics, but they dont necessarily reflect whats really happening to the economy. Says one skeptical analyst, i think as a, as the reference as a reference. But like all of fishes, the physics we analysts townhouse trying to figure out it correctly in terms of that i think that the key, the figure that does matter though is the one for annual Economic Growth that this year chinas leaders set at 5. 5 percent i think thats going to be very hard to achieve because there are so many headwinds. At the moment we have inflation taken off around the world. Maybe the World Economy might think into recession. So that means chinese export markets could well collects, with millions of people confined to their homes, Consumer Confidence is flat. Thats why inflations hovering at around 2 and a half percent low compared to the us and europe. The uncertain economic part is unfolding in a politically sensitive year. After the 20th Party Congress in november, president , she expects to secure and historic her term. And adrian brown, jones of live now from hong kong, adrian. So one of these latest figures then tell us about the worlds 2nd largest economy. Well, they tell us that the worlds 2nd largest economy is in severe difficulties at the moment. Everyone expected the figures for the 2nd quarter to be bad, but not this bad. I think this is the 1st time that the economy has actually contracted since that fin demik began in january 2020. And the reason, as i mentioned in my report, is president cheating pings 0 covey campaign. That is the price that china is paying for having that policy at the moment. And its a policy that president cheating, pain seems set to stick with. He has decided that the priority is to save lives and allow the economy to slow a bit. Now the question is, is that policy sustainable . A lot of analysts, ive spoken to here at hong kong, say that policy is not sustainable. House china gonna respond . Well, i think we might see it spending more money on infrastructure to try and get Economic Growth movie again. But as one economist told me, you can only build so many, you know, roads, bridges, and at airports. And adrian, the chinese premier, has been talking about the countrys economic problems. What did he have to say . Well, he said the government would continue to support the economy, but didnt explain exactly how that support would play out. He conceded that the past few months had been very bad for chinas economy and he said that the government would do everything that he could to try to contain and keep inflation low. Now, inflation in china is low. Its about what 2. 5 percent, much lower than in europe and the United States. But the reason why inflation is so low is that people arent spending because theyre locked up in their homes. You know, the sort of rolling locked downs weve seen across china, which is lead to, while almost a 10th of the population being affected, is not good for a country that wants to grow its economy. Or i to adrian brown life as theyre in hong kong. Adrian, thank you. A russian, i strike has killed at least 23 people in one of the ukraines largest city is called vanessia. Many others were injured as missiles it residential buildings and businesses. Alan fisher reports a capital chief a desperate dash to save a life pulled from the debris after a Russian Missile strike in the toner v needs. So it was mid morning when 3 explosions ripped through an Office Building and to residential blocks. The area was packed. The number of dead and injured significant president Vladimir Zalinski called it an act of terrorism junior. Could a russian rockets hit our city vinegar, a typical peaceful city. Cruise missiles hid civilian buildings, destroyed residential blocks, a medical center. And there is a fire cause were on fire trams. This is a particular criminal act of russian terror. It cannot be done by humans. Theyre barbarians if the ukrainian claims are correct and what was fired with caliber cruise missiles from a submarine that adds to their allegation, that civilians are being deliberately targeted. Because these missiles are known to be incredibly accurate, rarely string more than 4 meters away from the intended target. The attack came just hours after ukraines foreign minister renewed calls for a special tribunal to investigate, alleged russian war crimes. Speaking to a meeting of europes judicial authorities, the metro collabo says there should be coordination with existing agencies. We have heard a number of reservations since day year 1st floated in the early march. Most of them expressed concern that this effort could replace existing International Courts and fabulous fuss weakening them. I want to clearly illiterate. We did not have any such intention. Countries at the ukraine accountability conference agree the investigation into the war could take years. But see, its important any one responsible for any atrocities must be held to account. Russia denies it is committed war crimes during what it calls, special military operations in ukraine. Alan fisher, ill just either keep time for a short break here now to 0. When we come back and then there were 5, the you case for my finance minister, richie sooner tops the 2nd round of voting for new conservative party leda. So whos staying and whos got more . Not saying ah hello there, lets look to north america. Weve seen severe storms sweep across South Eastern States of the us, some of those horses flash flooding in virginia, destroying homes and roads. Now we are expecting that whether to linger here over the weekend effecting some states along that east coast, pulling down across the florida panhandle. To the us gulf coast. Now we still have temperatures well above average, a lot of heat here through those central areas pushing up into the Northern Plains and even going up into canada. For the west of this, we still got monsoon showers affecting the 4 corners states, but even farther west that west coast. It is largely hot and dry, which doesnt help the wildfire and Drought Conditions in california. But its all about the heat. For example, in places like texas, were going to see the temperature continue to rise well above the average by the time we get some monday lingering at around 41 degrees celsius. Now as we move to central america, its all about the heat, but with a mix of sunshine and showers for a lot of the caribbean, heavier fools for the likes of cuba by the time we get into saturday. But its Western Areas of mexico that are going to get a drenching thanks to that swirling system of wet and windy weather. Ah lou. Ready lou ah, wherever you go in the world, warmer line goes for you except i always go in places to do. Lou ah ah, well get my anchor mind about top stories here at this hour. They speak up shrunk as parliament is due to hold a News Conference after president. Go to buy a roger pizza submitted a letter of resignation. Hes alive pictures from the capital, colombo with speaker my him that yup. I look at the window. Donna is due to speak shortly earlier hed said the Resignation Letter must be checked for authenticity. Chinas Economic Growth has slowed sharply with 2nd quarter gdp increasing just 0. 4 percent compared to the same quote. Last year. Economys been under pressure due to at 0 covet policy and widespread lockdown. Now a global food crisis, soaring inflation and a gloomy Economic Outlook are the focus of g 20 meetings in bali with finance chiefs from most of the Worlds Largest economies. A holding talks, jessica washington reports in bonnies resort district of new said, do a finance ministers from gee 20 countries are preparing to discuss a troubling issue. State of the global economy. I made soaring food and energy costs. Us treasury secretary, janet yellen, once russia to be held accountable. Its troubling to see how the war is contributing to Higher Energy costs. Food insecurity and hunger for the most vulnerable global lay. Yellen will use the meeting hosted by indonesia to push for a designated price on russian oil aimed at pressuring moscow to rent its invasions. It will also aid in maintaining the Global Supply of oil, helping put downward pressure on prices for consumers in america and globally, be Economic Impact of the war in crane has sent Commodity Prices soaring people all over the world are battling with the rising cost of living a result of high inflation supply chain disruptions had been aggravated by the war. In the midst of a gloomy Global Economic outlook, indonesia has stressed the need for unity in the lead up to these meetings, president joker were dodo want. Millions of lives are at stake. It governments can find solutions to the ongoing food crisis. The u. N. Development program has found more than 70000000 people have been plunged into poverty since the war began. Among those struggling is jakarta based Small Business owner 50 and shes been the sole bread winner since her husband lost his job last year. Now ballooning expenses mean shes struggling to keep her laundry business open and her family said thats how long that there were rising prices are making life so difficult. Everything keeps going up. And price analysts saying low income households have been hit particularly hard. First, by the pandemic, and now with mounting inflation, this inflation ah, can also push up people who werent in the poverty line on not being able to afford some of the, their basic needs as well. The International Monetary found is projecting a further downgrade in its next Global Economic forecasts. A prediction that will no doubt be weighing on the minds of delegates at the g. 20 meeting on jessica washington joins us live now from that summit and bali. Jessica, so a gloomy Global Economic outlook. What can we expect them from his latest g, 20 finance meeting . Well thats exactly right. These meetings, these high level closed door meetings on taking place at a time when the International Monetary fund has heralded a darkened economic council. A short while ago we heard from the host of these meetings, indonesians finance minister, 3 movie army who said that the food crisis needs to be urgently addressed. She urged the delegates at these meetings, g, 20 finance ministers and the Central Banks chiefs to Work Together to overcome these urgent issues. Knowing that failure to Work Together is more than we can afford. The impact on low Income Countries would be catastrophic. She really seemed to be focusing on those Kitchen Table issues as millions of people around the world rapport with soaring inflation, sore and cost of their groceries and the electricity bills as well. She urged g 20 the finance ministers to Work Together to overcome their differences as people around the world struggle with the soaring cost of living fuels hockey dis, im floating around the walk and vs being this is having huge political and social implication in st. Alaska. Gotten out better or a quad daughter and elsewhere these thought big is due to the high gas prices. Is really, really an issue that is threatening our recovery. The world is in the middle oft milva energy crisis. The war as well as commodity price increase, could worsen the global inflation spike and increased further. Social instability will jani has stress the importance of the finance ministers working together to help overcome what has been noted as a scoring effect. Noting that, of course, advanced economies are also struggling with this inflationary pressures, but the pressure will mostly be felt by emerging markets and that if they have to Work Together to help to overcome these challenges, the difficulty of course, will, will, jani, and the other g 20 finance ministers is that the rips within the g 20 of course, remained previous meetings, including last weeks meeting of foreign ministers, was very much overshadowed by tensions within the group by the continuing persistent question of whether indecent russia in the face of its invasion of ukraine should still be allowed to participate in those meetings as she addressed delegates in those remarks that she made at the opening session reality, mariani, aj participants. To put aside political differences, saying that now is not the time to build a wall or focus on all start a war. In fact, they must put aside these matters of conflict and focus on the broader picture as millions around the world are pushed into poverty. Due to the soaring cost of living. All right there jessica Washington Life or stay at the g 20 summit embodied jessica, thank you for japan is one of the g 20 nations in body looking to find solutions to global inflation. The country is particularly vulnerable, as it relies on significant amounts of imported fuel and food. But as tony chang reports, theres some confidence the japanese economy is better prepared than most after dark in tokyo, a city with some of the most vibrant and expensive might life in the world. Following several years of cobit 19 restrictions, the japanese capital is bouncing back. Even if people are now taking more chances with their health, theyre also watching their wallets. We are approving restroom. So many people come here beca

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