A theme like lives matter is here all sorts of groups from different parts of the community are protesting the drivers obviously around d. C. Are pretty angry but as the presses point out there is a Climate Emergency under way so you might have to have a bit of a slow commutes at least today lets turn to other news now and at least 40 people have been killed in afghanistan in whats believed to have been an air strike that happens in the muscle collar region of Helmand Province people have gone that arent sign to locals facility wounded are being treated authorities are investigating reports that the airstrike hit a wedding celebration a mistake correspondent robin wright has more from kabul. This seems to have been a Major Military operation in the mussa color district of Helmand Province this is a known taliban stronghold involving both it seems Ground Forces and also an airstrike now the ministry of defense here in kabul is talking about this in terms of being a successful military operation saying a number of foreign taliban fighters as it describes them were killed in this attack others were captured and a large cache of taliban weaponry was seized but it does seem according to various reports coming from Helmand Province including the governors office. Number of civilians were also caught up in this attack particularly from a Wedding Party that was happening nearby that was caught in this airstrike now the number of civilian casualties varies the taliban has issued a statement saying tens of people have been killed others injured other figures differ to that but what we do know it does seem as though a large number of civilians once again have been caught up in a battle between taliban and Coalition Forces and a number including many women and children this comes of course as afghanistan is preparing for its president ial election in the coming saturday the last couple of days have been generally quiet here in afghanistan but we have seen generally a surge in the number of attacks taking place both by the taliban who have threatened to disrupt this election process and also in Response Coalition attacks trying to make sure that there is security here for this election to take place and we are still several days away from polling. Still to come on aljazeera lets go building collapses in kenyas capital 7 children have been killed or feared buried in the rubble. Hello there is cloud still over sichuan the naval high ground thats producing snow but for the most part its a bit of rain you might find itself on the hard drive you drive you are not as well but for the rest of china its a pretty quiet picture the northeast onesies not quite in but it feels like it is warmest optics humid from shanghai south was and west was as a cloud bank collapses in china is probably just cloud the rain restrained repeats of it maybe choking back in sichuan but its that upper arm of the southwest monsoon is still quite active or has regenerated the rain in northeast india in nepal on this line back here is more or less the monsoon front which should be receding as it does so and its slow to do it just a lot of rain with it and theres quite a lot still for the south much of the deccan platter in india and sri lanka is that into the potential some pretty heavy downpours there was told and indeed the incoming monsoon trough produces tropical storms and his the latest in the arabian sea this one though not particularly strong will hit the on the maziar off the coast of amman later on tuesday a lot of rain some wind and then it goes on to the mainland of bringing the risk of flash flooding for the rest of an insular it remains quiet. On counting the cost billions spent on add to fences but drones take out more than ill put saudi arabias Oil Production well look at that knock on effect back pass the 30000000000. 00 plan to move indonesias sinking capital the importance of the dollar what tina comes in the cults on aljazeera. I really felt liberated as a journalist was. Getting to the truth as i would thats what this job. This is al jazeera a quick reminder of the top stories u. N. Secretary general antonio good terrorists as announced the formation of a Constitutional Committee for syria its seen as a step toward restarting the stalled peace process. World leaders are attending a special summit on Climate Change at the u. N. They have herit impassioned pleas from young activists who accused leaders of stealing their childhoods. And at least 40 people have been killed in afghanistan and whats believed to have been an airstrike by the Afghan Military it happened in the most a color region of how month province afghan authorities are investigating reports the airstrike hit a wedding celebration by mistake. 7 children have been killed in kenya after their School Building collapse at least 64 other students someone hospital family members have been gathering outside the scope as rescue workers search for several children who are trapped so under the rubble catherine sorry has more from nairobi. Almost everyone has now left this scene there were many many people who just come to witness and were trying to come to terms with what has happened the minister of education was also here and he said the government has started investigations on what could have caused this collapse we have also not too long ago talked to a parent was still looking for his children 2 children who are missing hes going to 5 hospitals and he came here and the red cross personnel directed him to go to the mortuary so he was very very distraught the incident happened right there very hard to tell all cleared all his books to see youre seeing were left behind by children it was a chaotic scene children running other screaming we saw throughout the day some of the survivors collecting the books that are somewhat intact theyve taken them to one of the classrooms theyll be sorted later and perhaps will be reused and on this other side is the debris this was a 2 story structure that was constructed using metal sheets and some mood and there was a concrete slab that separated the 2 stories were talking with talk to people and i can see as well so a lot of people telling us that this concrete slab was very poorly reinforced now the 64 children who are in hospital doctors are saying are doing well theyre still there stabilized for many many parents parents particularly of the children who died in imaginable pain like this man i talked about still looking for his children. Key European Countries have agrees on a temporary system to deal with the migrant crisis germany france italy a multi agrees on a redistribution process for those who rescued from the Central Mediterranean sea another proposal still needs the approval of the e. U. And will be presented at a meeting for malta and italy have been burgeon with high numbers of migrants from the sea so theyre going to go house fallacious from better group in malta. It may be one step towards a solution but its one of the delegates seemed to be satisfied with as they came up with a blueprint for a temporary emergency mechanism in order to resolve the migration crisis in europe certainly seem to be optimistic that they would present those plans on the 8th of october at another interior ministers meeting in luxembourg now the challenge for this would be in order to get all the Member States to try and take in more of the Asylum Seekers that have landed especially in malta and italy there has been a great deal of pushback from countries such as poland and hungary who refused to do so and certainly the migration policies have played a part in that but there is also another solution and office certainly of taking in a higher quote from france and from germany they said they would be prepared to take 25 percent of any Asylum Seekers who landed here italy would also be prepared to take 10 percent but that is they say because theyve received tens of thousands of people on their shores nevertheless trying to persuade other Member States to take in more people will certainly be a challenge and also will no doubt rile up our. Voices in other countries throughout the European Union. The worlds oldest travel company thomas could go on ice a business leaving tens of thousands stranded all thomas crew fronts have been grown since 20000 jobs are at risk catherine stansell has the latest from london. One of the worlds oldest travel companies ground it along with its aircraft and many parts of the world including Londons Gatwick airport the rich history of thomas cook and able to save it from collapse more than 20000 employees face redundancy the bankruptcy is a disaster for more than 1000000. 00 people who have books travel with thomas cook would be holiday makers now have to wait and try to get their money back through various Consumer Protection schemes and some of the 600000 people around the world on holiday are now stranded playfish dated to say the least annoyed well is a problem but its not a problem well go home eventually its got to whiting going right. Home despite a 1000000000. 00 injection of cash earlier this year the company said it needed an additional 250000000. 00 to stay afloat. I would like to say. To all our customers those who are on holy day with us. And those who have booked with us in the coming months. Bringing tourists home will be a mammoth task Britain Civil Aviation Authority says emergency flights are ready to go this is the largest repression since the 2nd world war and we will be bringing home everybody. Back to the u. K. As close as possible to their return but they contain either tens of millions of dollars are also believed to be owed to hotels and countries in egypt turkey and tunisia one hotel there briefly refused to let thomas cook customers leave demanding money fearing they would not get paid. Thomas cook was rescued from near bankruptcy 8 years ago and how people book their holidays has added to the companys plight. High street travel shops have been facing stiff competition from the internet and while Package Holidays like those from thomas cook often provide good value many consumers are now shopping around Online Booking their accommodation and flights separately to create a prospective travel experience. Analysts say the Companies Struggle to compete and there are accusations of mismanagement with the Company Hemorrhaging money recently thomas cook is im over this brand it has an incredible heritage but im afraid in the 21st century in the for roches competition of the travel industry that counts for nothing all that matters these do you have a profitable business and sadly in the case of thomas cook we know the answer is no. A 178 year old business steeped in history but apparently failing to keep up with modern times katharine stansell aljazeera london. Well John Psaropoulos us more from africans for up 250000 travelers are stranded. The greek government says it has chartered 15 aircraft which will fly to the islands of corfu and zakynthos on greeces west coast and the island of kos in the aegean in order to start lifting home some of the roughly 50000 travelers left stranded in greece by the collapse of thomas cook and the government estimates that almost half of those people 22000 will have been repatriated in the next 72 hours the government says that the funding to allow thomas cook travelers to enjoy their holidays until the end of their booking and to fly home has been secured and that has been voiced just like that in the passive voice it hasnt been specified whether that money is Thomas Cook Money or whether it is public government money and it is very likely that it is the latter the greek government is very keen to secure the reputation of greek tourism in this crisis because britons are one of the highest by nationality frequency visitors to greece roughly 3000000. 00 visited greece in 2017 the last year for which figures are available leaving behind 2300000000. 00 in revenue and that National Figure is 2nd only to that of the germans who left 2800000000. 00 in that year greeces tourism product is also a huge proportion of its economy its about a 5th of its g. D. P. And by some estimates even higher therefore greece is very keen to secure a smooth transition out of this crisis to make sure theres no blemish on the hoteliers on the country and that the experience that people originally booked with thomas cook is seen through. At least 20 people have been killed and dozens more injured during protests in indonesias purple province of the sportsmans and some of those killed burned to death or homes shops and government buildings were set on fire by protesters place and pub for say anger was sponsored by rumors of a teacher calling students monkeys allegations of racism towards popcorns has sparked weeks of violent protests as well as renewed calls for independence teachers in indian administered kashmir say on rest and the recent government crackdown are preventing students from returning to school in 7 weeks since you delhi provokes the regions autonomy and shuts off phones and the internet its already getting the reports. Oh. d these students in srinagar should be at school instead the local Community Center is doubling up as a temporary classroom dipsy School Bundle good after the schools were closed i started coming to this community torsion center the staff teach us well and i like to study here i have made new friends and it feels like a school now will be on my take on the Community School was set up after parliament in new delhi revoked the special tone of the status of indian administered kashmir 7 weeks ago the subsequent tension on the streets left many parents afraid to send their children to school and those concerns persist pushing me to small. Kids playing on the street we come up with an idea that we will start Communication Centers to teach students that they would not feel. Some schools have reopened in srinagar but many like this one remain closed experts say the disruption to Education Services will have a long term impact on students this is the most impressionable age. When your learning process should not to get retarded there should be nor blockades in this free flow of learning and once you were being bad years in the free flow of learning this is the best this is the video of the students. Internet and mobile phone services in srinagar remain cut off. For this ph d. Student that means years of hard work are in jeopardy my. Kid has not been sent to the results. Because. My. Kid my. Mentor did. Students in indian administered kashmir have grown up surrounded by poverty and violence the events of the last several weeks have made that already difficult lives even harder Victoria Gate and be al jazeera. This is al jazeera these are the top stories u. N. Secretary general antonio terrace has announced the formation of a Constitutional Committee for syria the un sees the committee as the next step in efforts to find a political solution to end the 8 year long war. Well the leaders are attending a special summit on Climate Change at the United Nations theyve heard impassioned pleas from young activists who scolded World Leaders at the assembly you have stolen my dreams my childhood with your empty words and yet im one of the docks once. People are suffering people are dying and Daiichi Sankyo systems are collapsing we are in the beginning of a mass extinction and all you can talk about is the money and fairytales of each Term Economic growth of these 40 people have been killed in afghanistan in whats believed to have been an airstrike that happens in the color region of Helmand Province people have gathered outside a local hospital but the wounded are being treated authorities are investigating reports that the airstrike hit a wedding celebration by mistake. The worlds oldest travel Company Thomas Cook has gone out of business leaving hundreds of thousands stranded there are 600000 people currently on holiday worldwide with the company all thomas cook flights have been grounded and 20000 jobs are at risk the u. K. Civil Aviation Authority says its beginning the mammoth task of getting british Travelers Home and delays are inevitable. Q European Union countries have agreed on a temporary system to deal with the migration crisis germany france italy and multan have agreed on a redistribution process for those see those rescued from the Central Mediterranean sea the proposal still needs the approval of the e. U. And will be presented at a meeting in october and if the have the burdens with high numbers of migrants from the sea well thats your up to date stay stay with us here on aljazeera the news continues after counting the costs to go. Hello im come on santa maria this is counting the cost on aljazeera your weekly look at the world of business and economics this week oil shock not only an attack on the heart of saudi arabias Oil Facilities but on global supplies the billions spent on ads offenses proved to be useless against suspected drones and cruise missiles with impact what happens next and if the markets are ready. I mean a homage on the island of borneo where indonesias new capital is g to be built well tell you why people here are so concerned. And why the almighty dollar is the talk of economic and political life in argentina as the country teeters on the brink of another debt default. It was by any measure and or days attack and the worst attack on middle east Oil Facilities since Saddam Hussein set fire to kuwaits oil wells back in 1990 drones or d maybe cruise missiles traveling 500 kilometers across saudi territory im detected to strike at the heart of its oil industry and to knock out 5 percent of the worlds oil supply as a result of Oil Prices Spiked almost 20 percent now theyre still below the recent highs that was 86. 00 a barrel last october when tensions between the United States and iran were ratcheting up but just why Oil Prices Remain below those highs has something to do with where our Global Economy is. Right now plus the huge reserves the world has accumulated. Now according to the u. S. Energy Information Administration the world has 4100000000 barrels of oil in storage 1400000000 held by governments the rest by Oil Companies and training houses the United States has the capacity to hold 722000000 barrels and china has a store of almost 500000000 barrels so with all that supply and the Global Economy slowing opec nations have been struggling of late to lift oil prices despite help from russia and other non opec nations now saudi arabia believes it can have the facility up and running in a matter of weeks but if it takes a more than 6 weeks to fix the plants and to restore production levels well prices going to head towards that 85. 00 a barrel mark so this is a real test for aramco remember its already opening up its finances to the world as Crown Prince Mohammed Bin Salman attempts to float the company with an ambitious valuation of 2 trillion dollars but this attack which is claimed by the who tease who the saudis have been at war with in yemen for the last few years it just raises so many questions about the kingdoms ability to protect its own facilities not to mention the billions its paid for u. S. Defense systems in fact russia took the opportunity to offer the saudis its s 400 Missile Defense system. Lets get some answers now joining us is james fim or jr he is the c. E. O. Of the u. S. Based Washington Institute for business government and society a sketchy title. And earlier in your career you were the u. S. Assistant secretary of commerce for trade development and thats ok so we can get on to some of that later but you try to add on but i think right now lets talk about the situation with saudi arabia and the oil attacks and the and the would have uses the audacity of it the fact that the the linchpin of saudi infrastructure the Oil Installations the thing which matters the most could get hit like this massively concerning surely it is a day she has. Its quite amazing that it was choreographed in such a way to have spokesman from yemen standing up and saying that they were the ones responsible for it when it now appears from all intelligence that it was a rainy and not only directed but came from rainy and soil and so the notion for example that billions of dollars have been spent on the defense of saudi arabia to avoid this sort of thing happening certainly has been concerning i think on everybodys part and what happens next is anybodys guess. Well what we sore initially was obviously a big spike in the oil price which settled down again. We think we can bring this under control what does it tell you about Oil Prices Volatility we still sitting in this sort of 6070. 00 range is there a risk of it heading up above 8090. 00 i dont think so quite honestly as you and i are talking here the price of oil is around 59. 00 a barrel and fortunately saudi arabia was able to calm the markets very quickly after they even had an internal changes to the Energy Minister to really assure the markets that they would be back on line very shortly and so i think things will be be fine but clearly theres a need to watch out for any future incidents that could create chaos so washington and riyadh obviously a big allies the saudis have bought plenty of arms from the u. S. Defense systems as well Defense Systems which you might call into question right now and in fact russias president Vladimir Putins or perfect opportunity and said hey when you buy our its 400 Missile Defense system because clearly the one youve got isnt working it creates these other sort of battles within battles well president putin has been is and will continue to be a master chess player. Ok. All right lets put your trite hat on if you dont mind and talk about some of that because we cant ignore whats happening between china and the United States as far as the trade war the tariffs war however you want to turn it but do you see that going now now that both sides sort of pulled back just a little bit for Different Reasons donald trump started talking about christmas and then because the National Communist Congress was going to happen oh well pull back where where is the socalled trade war right now where you know its interesting its an interesting perspective for me because i was a host to one of the very 1st chinese delegations trade delegations that ever came to washington d. C. It was so long ago that everyone who came in from from china headed up by the mere shanghai was wearing a mild state tome suit. And in those days the the trading relationship was 4000000000. 00 exports 4 dollars 4000000000 dollars imports in the United States had a surplus of about 6000000. 00 as of this year at the end of june which would be 6 months from 2019 that has changed dramatically and we. Have sent about 52000000000. 00 worth of goods to china theyve sent us 220000000000. 00 so the trade equation is rather dramatic i think that there is a genuine concern on the part of course of washington of trying to anticipate the 2020 election and what thats going to mean to the American Consumer and so i think its fair to say that there may be a little bit of a parting of the ball in terms of how to be able to deal with this there is no question and President Trump has made this abundantly clear that china has proceeded along a path that has been to the disadvantage of the United States and that this has been building over a long period of time in there what he is doing is simply trying to set things straight. From what they should have been a long time ago so that is very much the motivating force for him what this thing is the word war would suggest traditionally that someone would win or lose thats routes anyone winning here and not and lets remove it from from just the United States and china as well that they are is a global slowdown appearing as well and this is surely a big part of that theres no question but you know interestingly of course the United States has been enjoying its 9th year of Progressive Growth consumer demand is strong there are points of weakening in the economy but they are minor in comparison with whats going on in other parts of the globe but the United States cannot be by itself in the way says in the midst of the desert when it comes to trade and the World Economy but but there is no question that the President Trump feels confident enough in the strength at the moment of the u. S. Economy one of the reasons why he keeps pushing on the Interest Rate to business to really put his foot down and to try to be able to make some kind of a difference so well see what happens well seeing as you mention Interest Rates the fed finally catching rights. As per the pressure from the press we keep mentioning donald trump there the kind of town of boyd i think but hes been hes been almost you know hassling the fed in saying you know you havent got the best interests of the countrys best interest at heart youre not really working for the country i mean is this is this a pressure cost or is it actually what is needed well interestingly enough theres been no president since the Federal Reserve was was founded back in the 1920 s. That. The president has exerted so much even pressure on the institution. Theres no question that that has got to count for something and the the chair of the Federal Reserve who present trump appointed to the position has been as they say between a rock and a hard place and the concern is not just the u. S. Economy but economies around the world who really are dependent. What those Interest Rates look like and so you know if we have a bad situation in the Global Economy outside of the United States its going to end up on our shores day at some point but it took a long time to be able to bring Interest Rates to where they are now we faced of course the financial crisis in 2008 and so bringing those Interest Rates back to a semblance of reality took some real hard engineering on the part of the Federal Reserve now were in a position where were going to start cutting concern obviously is that if we do reach a point that we are going to be experiencing a recession what tools will be left to be able to combat that recession and so thats a big question on peoples minds but theres also economists who believe that this is the time to do to take down Interest Rates because when you finally realize that you have youre in a recession it will have been accumulating over a period of months before it actually hits and so youve got to have a bit of a crystal ball in trying to determine where the economys going to be but make no mistake that the trade situation between china and the United States is having a direct impact on the Federal Reserves Decision Making powers as to whether they do reduce the Interest Rate because if we do get into a trade war that is going to have such an impact on the economy that only federal. Interest rates and adjusting them is going to be one of the simple but very important tools to be able to contain the economic downfall james know its been a pleasure talking to thank you for joining thank you very much. Lets move to some other stories and as rising sea levels threaten indonesias capital president joker we doto is planning to relocate that capital to the island of borneo his decision is also about spreading the wealth of the nation more evenly across the 13000. 00 islands that make up the archipelago right now jakarta and the island of java are accounts of 58 percent of the countrys economy but as mohammed now reports there are concerns that a move to borneo would adversely impact the very people who live there this largely untouched part of east montage on will become the new capital of indonesia if the president has his way. Its in stark contrast to the capital jakarta clogged with heavy traffic smog and sinking the pressure to move is rising along with sea levels which may mean the city of more than 10000000 people could be under water within the next 30 years and this is where the citys relocation may end up Borneo Island known for its lush rain forest and rare wildlife. While it was chosen for being less prone to earthquakes and floods there are concerns them
vimarsana.com © 2020. All Rights Reserved.