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tv   Counting the Cost 2018 Ep 29  Al Jazeera  July 21, 2018 12:32pm-1:01pm +03

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dollar bailouts christine lagarde the i.m.f. approved the package last month the government says it will provide a safety net and avoid a repeat of financial crises of the past but many out sometimes blame i.m.f. impose austerity measures for an economic crisis in two thousand and one vigils have been held for the seventeen american tourists who drowned when a so-called duck boat sank during a storm the amphibious bus which becomes a boat was overpowered by waves on table rock lake in missouri line of the dead are from the same family some of the thirty one passengers on board say the captain told them not to wear life jackets and waves of plastic and de brézé of washed up on the coast of the dominican republic conservationists say they've already removed sixty tons of rubbish at a beach near the capital santo domingo fully savor the news out a little over twenty five minutes after counting the cost next. the former bishop of hong kong says the pope is selling out china's complex but on the pieces of
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things that you need out there on those information. cardinal joseph then talks challenges era. hello i'm sam is a than this is counting the cost on al-jazeera your weekly look at the world of business and economics this week stronger growth prospects for sub-saharan africa but a big trade challenge is looming. also this week airplanes and e-commerce and sports cars the world's second biggest aviation tradeshow gets underway. plus the world's first habitable three d. printed houses technology causing a stir in the construction industry. all
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this week the international monetary fund upgraded its growth outlook for sub-saharan africa in two thousand and nineteen citing a recovery in nigeria africa's most populous country is recovering from its worst contraction in a quarter of a century that's thanks to rising prices for commodities like oil and there's a positive contagion effect in an update to its world economic outlook report the i.m.f. said the sub-saharan region as a whole now is expected to grow three point eight percent in two thousand and nineteen that's up nor point one percent compared with april's forecast but there was also a warning about the impact of tit for tat terrorists. united states has initiated trade actions affecting a broad group of countries and faces retaliation or retaliatory threats from china the european union its nafta partners and japan among others are modeling suggests
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that if current trade policy threats are realized and business confidence falls as a result global output could be about point five percent below current projections by twenty twenty president xi jinping of china is in africa this week he'll pass through senegal and rwanda before heading to south africa and the brics summit in johannesburg africa plays a key role and she's belton road plan china's africa's largest trading partner of chinese made products a hit with u.s. tariffs there could be a knock on effect africa's share of global exports is low making up just two point four percent of total global exports two thirds of sub-saharan imports are finished products product shipped out to the rest of the world are dominated by broad materials africa's current internal trade is low to where my next guest is the group c. o.
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of echo bank which has a presence in over thirty african countries joining me now from london is i am a good to have you with us sir so first of all how would the global trade war impact the continent. i think every war is not good but from an african point of view we have very focused on how we can ensure that we continue to participate in global trade board the in bands to our continent and they're our band from our quantum and we're very focused on what we can do to make sure that we continue to trade but how can you continue to trade as a new level if giants like the u.s. the e.u. china are all coming down on each other with terrorists that's close down international trade. i'm sure they were find a way to walk it out what will lab rat out focus on the what we can do to ensure we continue to improve the lot of people especially trade in among us in the african
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continent the in traffic on trade is very law we're very four course on a sure thing that because of the dish wish and of resources we're back up a bit it is cross the continent who want to focus on being able to trade among their forests and it's only when we can improve that are related to trade among ourselves and i'm sure you know within the continent we are signing there in traffic a trade big continent that free trade area to make sure that continent we can continue to serve as a single market i think that is this single biggest opportunity in front of us that we need to realize for give us a few more details about the potential of into africa trade to overcome the problem of reliance on exporting commodities in particular. if you think about this so if you look at this south africa and the south than africa south africa is the
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most developed technology created in the continent therefore it should be possible for us to exports of raw material for miss out on africa to get produce in south africa. if you look at the rest of the west african country and it is the african continent not african countries of expertise if we ain't sure that the market is for everybody to paths a bit to ensure that industries can be look a look at their countries saw from our point of view we now see an opportunity to have a billion people have a billion people that is close to the population of india now trade in among us a sure that we can have much more fast and grow them we used to have and where it can be this would lead to the base of the economy that he used to be on it's a noble vision indeed thanks so much are they i am a for sharing it with us thank you still to come on counting the cost this is the
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world's largest ag conditioned open air arena take a look at carter's winter world cup preparations now in full swing. but first tag titan google vows to fight back after being slapped with a record five billion dollars fine by the european union the e.u. says the tech giant used its android operating system to cement the dominance of its search engine sun a geiger explains. a three year investigation and direct quote five billion dollars fine a steep penalty for google accused by the european union of abusing its power as it called it an entire sector in the phone market who has engaged in illegal practices to cement its time and market decision internet search. and effective end to this contact within ninety days or face a penalty payments at the heart of the issue is android the tech giants operating
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system for mobile phones used to more than eighty percent of the world's smartphones it is essential to google's future revenues it's easy to make the video calls for to the european commission found google have blocked competition by forcing phone makers to pre-install services such as search engine and map software as a condition of using its operation system it also paid phone manufacturers incentives if they installed google search without rival services the case would seem to prove the point that there's no such thing as a free lunch when tech giants come bearing gifts and google is finding out to its cost it's having to concede this is already the case in countries such as china and russia the french government has welcomed the decision to stop it from squeezing out any rivals. google will have to change their practices in terms of licensing of
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the virus and road software applications that in turn would have a considerable impact on their commercial policy google has said it will appeal against the decision it may only be a fraction of its revenue but the real challenge will be if the e.u. forces it to change its future behavior. the european union and japan have sealed the deal to eliminate nearly all tariffs on products they trade the bilateral pact covers a third of the global economy markets of more than six hundred million people it was agreed in principle last year but was officially signed this week with growing international trade tensions it means japanese can enjoy cheaper european exports such as cheese and if you live in the e.u. japanese cars will become cheaper what's been dubbed the cars for cheese deal is likely to come into force next year the first commercial flight from ethiopia eritrea in twenty years has landed safely this week drawing a line on the years of conflict hundreds of people boarded the flight to us mara
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hoping to reunite with family there had been separated from during decades of war how about our reports from. dignitaries journalists and businessmen poured what if you open alone schools it's but of peace it's the first flight from the to their the train capital of this century this is how. we are. and the fact that we are. in. the airline operated two flights within fifteen minutes of each other because of overwhelming demand the majority on board are people separated from their families by the border wall which began in one thousand nine hundred i don't know of. how. how to her troops we
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caught up with that is hard to go a journalist with the state media as he packed his bags he was separated from his a trail wife and two daughters seventeen years ago she was forced to flee if the being sacked from her government job in ethiopia because of honest knowledge that he just got a dog and i will believe this is not a dream when i land in asmara i had never imagined the possibility of peace between ethiopia and eritrea during my lifetime the weight and lack of communication with my family was painful i felt like i had an incurable disease us model becomes the one hundred fifty of us the national forty feet up and elements which are also announced because of quiet twenty percent of the little known at three am allies the road linking the two countries as of abandon of waited before vehicles allowed to fly again. at a train has agreed to grant access to its ports a boon for ethiopia which lost its main group to the sea with the outbreak of the wall twenty years ago if we started connecting our populations we have big
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market in the editor by some token it a chance with the push and soon fifty source of hope that the opening of the port and the relaunching to penalized was not for the strains in the twenty first deals have been a trip. to new ties with its much larger neighbor with a population of more than one hundred million people also raises the prospect of revival for a traitorous ailing economy many are now hoping the tricky exercise of democracy thing the disputed border will go us quickly and smoothly as the process to normalize relations. and ethiopia air said it's in talks to help nigeria create a national flag carrier the government of nigeria unveiled the name of the proposed new airline this week nigeria air nigeria hasn't had a national carrier in over a decade and there are likely to be other parties interested in taking stakes
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that's just one of the stories from the farm air show which is taking place in the u.k. this week this is the world's second largest show after paris it's where the aerospace industry comes to talk business another big talking point of the show was air freight u.s. plane make a boeing kicked off this week's event with a four point seven billion dollars deal to sell d.h.l. express fourteen boeing triple seven freighters joining us now from london is peter morris chief economist at flight ascend good to have you with us so it sounds like boeing is cashing in on the air freight demanding crease is that what's going on well i think inevitably were and been a whole flurry of all those in the last few years that the number of orders are going to be an ant for freight in elsewhere are going to be limited but they certainly have brought in a number of particularly large traitor orders this show. now i arthur says
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global air freight demand grew by nine percent in two thousand and seventeen that's more than double the year before that what's behind this increase that was the world you can look at the past or you can look on growing at the present and the future and i think it's important in any kind of dynamic like freight to take a kind of watching brief on history current in the future and i think that the latest after i after data is showing that there was a slowing down to around four percent of the first six months of this year so the restocking process that was seen and saw an element of that in twenty seventeen has kind of passed by and now when you've got threat of global trade slowdown and global trade confrontations between major blocs there's definitely a concern and still looking positive but it's climbing rate of growth and looking forward to the end of the year talking about figures by the end of the year maybe being no more than two percent so it sounds like you're saying what we saw in two
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thousand and seventeen was a bit of an exception not something you'd expect to continue going forward right. yes if you look over the last two decades or so you've seen airfreight growth five six percent that kind of figure but it's obviously impacted by the trade cycle and g.d.p. growth and so you've seen these cycles of come through in air freight and because air freight is a particular kind of freight so in other words for more immediate restocking it tends to be used and when people want something they want it now so you see that first. the other thing that's interesting about air freight is of course it only goes one way so that where you have an imbalance of trade you have an issue for the airlines of filling up the plane both ways and then the other side is that unlike passengers freight doesn't mind going the wrong way around the world so the middle east carries for example have been able to develop a very significant market between asia and europe for example that doesn't fly
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direct but provides the right service at the right price so you know freight is slightly different to the kind of trends that you see on the passenger side thanks so much now if you're like me you may struggle with princes that work but with advances in technology and the advent of three d. printing it's now possible to print a building known in the trade as additive manufacturing some say it could change how we live and construct homes so how does this all work basically a three dimensional design is created using software that design is then used to instruct the machine to accurately print or place materials together layer after layer until the desired shape is achieved this kind of tech has many uses but it gets interesting when it comes to the construction industry low cost three d. homes could even help end homelessness a advocates. of three d. printing was first invented in the one nine hundred eighty s.
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it's also known as additive manufacturing and that's the key bit it's a big leap forward in how we make things we can now print things like houses spare parts for planes and can also all of that can be created on demand now to even possible to use this kind of printer to make clothes there are also multiple uses in the medical industry it's a radical change to the way we create things and some say could even revolutionize the way global goods are manufactured as the technology improves complex products can be made anywhere helping small firms compete with big multinationals and if those predictions are true there are implications for global economics and trade more decentralized in localized production means less need to transport things all around the world are joining us now from cambridge is simon hart simon is the senior innovation lead for smart infrastructure at innovate u.k.
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good have you with us simon so first of all tell us how does it work how do you print a house. so three d. printing in housing is a relatively new technology but it works much the same way as regular three d. printing. the substrate plastic of concrete is extruded liquid form it layers and these layers are built up until you get the end product that you're looking for but i guess it's not the sort of deafening not the sort of printer i have in the office how complex a set of machinery and infrastructure are we talking about when it comes to printing homes. well actually that the technology is actually relatively mature in smaller scale so small scale three d. printers have been available even for domestic use for many years now what you're doing with a with a large scale three d. printer is really extending the scale and the size of that three d. printer but there's a fundamental difference is that domestic three d.
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printers will typically use plastic they will heat up the plastic to the becomes a liquid and then print that liquid in a line they wait for it to cool and then print the next layer now with houses if you're using concrete for example you have to wait for that to sets or to become solid before you go to the next layer so whilst the similarities are there with with domestic three d. printing it's actually a lot more complex to do this for with structural materials such as required to build a house where it sounds a little more complex then would it be a solution for developing countries for crisis hit areas then. that's one of the potential applications because while the technology is available to do this the actual end product is relatively simple it is only able to pursue or to print one particular type of material at a time so whereas most of my stick ours is that we know of have layers of outer walls insulation that in a waltz three d.
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printed house typically only has one wall facing made out of the same material now while studies is good because it can be developed quickly it is maybe not so good for for the mainstay of home so it actually suit itself quite well to particular disaster areas or developing nations where the houses can be built very rapidly and builds with a minimum of skills because all you actually need is a skilled people to to maintain the printer you're not looking at hiring hundreds and hundreds of bricklayers which in itself is quite a skilled job and of course the three d. printer can run twenty four seven whereas bricklayers can't do that but there is it producing something at the end of the exhibit talk about homes where people are going to live right is it going to produce something that's reliable that's you know do we know how it will be impacted by environmental factors over time and so on. well that's where the challenge is so three d.
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printing begin in the construction industry is quite a new technology whereas traditional build bricks mortar concrete we've used those four hundred and hundreds of years so we know that technology has lots of history and proof in different climate zones in different climate types three d. printing is relatively new so that testing is yet to be done and i think one of the challenges here particularly is the longevity of the jury ability of three d. printed structures particularly in areas of harsh climate six reams of heat extremes of cold flooding and even earthquakes this have the potential to radically change and lower production costs and revolutionize the whole concept the basis of production of scale an economy of scale. ultimately over a long period yes it does but we have got a long way to go bearing in mind the the digitize ation of the construction industry is only really happened over the last few years so if you take that we're
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unlike the let's say the automotive industry or the aerospace industry that have been using computer design and robotics and simulation for many many years construction is only really started on that journey fairly recently i think if you fast forward ten twenty years you'll certainly see this this big intervention with use rubato x. three d. printing machine learning and higher higher intelligence artificial intelligence on the construction sites to improve the quality of proof the output so that i can somewhat why does that mean our evenly very humid eventually the smaller companies perhaps even individuals can now produce what economically produce things that were you know you could only buy from large corporations well that's the interesting part of this technology is it actually is a great leveller so robotics being available relatively cheaply to a great number of people does have the have the ability to transform the way the industry operates but is still part of a structural mix and
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a structural transformation of the industry that is in progress fascinating globalization comes full circle a thanks so much for your thoughts on that thank you and finally the world cup in russia is now over but all eyes are on the next hosts qatar's they prepare for the tournament in twenty twenty two the gulf country will host the first world cup in the middle east joining us roscoe went behind the scenes to take a look at how preparations are going. it may not look that impressive but this piece of concrete is the spots where the cats are twenty twenty two world cup will kick off it can also be seen as symbolic of this country's solid determination to make this tournament a success as it enters the second year blockade imposed on it by its gulf neighbors initially that prevented some construction material from getting into cattle but organizers now say that all eight stadiums are on schedule with all of them ready
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to years before the world cup kicks off frankly speaking it hasn't affected construction on the site there were materials originally sourced from people came in countries however those are not the only sources of material in the world there are plenty of other alternatives and we quickly diverted our sourcing to other places the world and other shipping routes things are back on track instantly so no factory. let's say real stadium maybe here will host the opening game and the final and when it's finished in around two years' time it will seat around eighty thousand spectators now with the tournament being moved to december it also means those fans will avoid the kind of summer heat that we're experiencing today as part of its winning bid cats are promised to take apart many of the stadiums set the end of the world cup and send sections to developing countries to help them grow the game of course that's only part of the legacy cattles leaders and woke up organizes
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a still hoping football can bring this region closer together football always has a has a way of bringing people together sport in general does look when it comes to the to the point of view of the state of qatar we haven't stopped anybody from entering qatar we are the ones that have taken the decision to cut ties or to blockade anybody. all fans are welcome fans from the blockading countries are welcome i really hope above everything else that people will walk away with a true sense of. what our hospitality is in the middle east the last dollar is unique and goes above and beyond and in all regards and i really hope that people will feel. fairly confident that they will so one the next global festival of football will make history in the world it also comes with its own unique set of political goals. and that's our show for this week but remember you can get in touch with us via twitter use the hash tag a j c d c when you do or drop us an
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email account in the cost around you zero dot net is our address. is more for you on line of al-jazeera dot com slash c t c. take you straight to our page which has individual reports links and entire episodes few to catch up on. that's it for this edition of counting the cost i'm sam is a then from the whole team here now thanks for joining us news and al-jazeera is next. in the final.
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the pressure is on for fifteen thousand people posing an imminent threat to israel use mindful of their school work to reform by top israeli diplomats come must people don't believe we'll get a right loan over there is the same thing that occurred in the bay are sending them to die it's a controversial theory when they come in to talk to the walls and it was a tactic made to his son goes head to head with daddy and look what israel's doing is deliberately choosing to slaughter house. elders you. know what. with the love of chess. after years behind bars he has to be strategic to stay out of prison with these friend and chess master he's planning his next move to give back to society the game that saved his life discovering new filmmaking talent from
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around the globe if you find latin american chess life lessons on the housing. this is al-jazeera. and back to bill welcome to the news hour live from our headquarters in doha coming up in the next sixty minutes as rideout truce between israel and hamas appears to be holding after one of the bloodiest days of protests in gaza in four years the rebels and their families in the south west of syria head north after striking a surrender deal with the ass government also this hour campaigning intensifies for the general.

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