Teens and m. S. Office soft. Think your p and anti trust scrutiny, millions of use as well. Now have to apply the chats and video separate name. India is one of the worlds Fastest Growing major economies, costing Global Invest as much of the progress as happens in the past 10 years on the prime minister, new red drum moody, hes buying fuel, massachusetts, windows of a test and sale a full time and office in general elections tossing later this month. Many indians say they are the best of boss observers. Say the wealth gap has widened. Lets have a look at some of the numbers in india is now the best largest economy in the world up from 9 position hoff a century ago. By 2030, its expected to overtake germany and japan. The become the 3rd largest economy behind the united states. As china, a major driver of that growth is infrastructure. Moving a 130000000000. 00 has been allocated to build assets like roads and pools this year. And theres also trying to boost its manufacturing sector, which accounts for nearly 17 percent of g d p. It aims to replace china as a Global Production hub, but the economic gains all spread on equally ok. Tom says the top 10 percent of indias population of 1400000000. 00 originally 75 percent of the total national wealth. More than 40 percent of india is what force our employees on farms and poorly paid jobs. The rest are almost evenly distributed amongst the industrial and service sectors. Of the whole thing says the nation is needing grace in south asia. The region is expected to remain the Fastest Growing emerging market for the next 2 years. Bots, the bank loans, south Asian Countries of failing to create enough jobs for the young population. Many nations are struggling with poverty and a rising cost of living. Well fernandez reports from columbia, its better than expected. This womans from india has boosted south asia. Is group focused to 6 percent this year. The c go was released during the world bank, south Asia Development updates launched in colombo last week. But once you take out in, yeah, its more like 3 and a quarter percent say in 3 quarters percent and 2024 and 4 and a quarter percent of 2025 expansion supported by rapid increases in investment and government consumption has driven the Indian Economy to grow by more than 8 percent in the 4th quarter of 2023. But the World Bank Says its neighbors are struggling to learn cobra cheap. Bankruptcy in 2022 is slowly stabilizing. Allstate, secure to 3000000000. 00 am, is below package, would crippling austerity measures seen by many to unfairly target the port a segment of the population of causing frustration. Soaring cost impact this down driving hundreds of people to rely on saturday during the realm of the season. Mohammed was one of them. The father of 5 is a daily wage worker committed the its very hard to find work these days. The government says its subsidizing some food items during ramadan, but who can afford other commodities and pay the high electricity and gas . Like mohammed millions of south asians are struggling because nothing, nothing jobs are being created in south asia. Its employment racial that matters the share of to walking. Its population that is employed. Thats what nonsense everywhere else. And all the emerging markets, developing companies of state constant and south asia, its phone 3 lines on government spending. Youre just following private investment is another said worry, and the world bank map. So it measures the spark and acceleration in private investment girls bundle with dish. Introduce trade and foreign currency restrictions. To waldorf, a balance of payments crisis as the country has also seen site installation. Governments across south asia see they are trying to improve fiscal discipline and build resilient economies. The what bank says milwaukee is needed, but many people in the was most populous region unconvinced. This will improve their lives in the fernandez, which is 0 for counting the cost colombo as well. Joining us now from take you is Alyssia Garcia at, at o chief economist full asia pacific at north texas bank. If i get to have you here on counseling, the cost is economy. Its booming and theres one incredible trajectory. Whats driving this . Well, lots of things, uh it is, lots of these are driving in the 1st of all is self confidence. You know, india has basically had already a very strongly there are multi with baker ideas as to the way to go india 1st. But also in the role it means that manufacturing is whats coming down, which is a big change from the past. We have many companies, brooks, im a pull, you know, looking at the door of indias manufacturing market, both for the domestic market, but increasingly for exports. And thats a big change. Bring the eyes is the new manufacturing drive. Mm. That has basically change the nature of, of what it really is about as a product. Well, thats pick up on that. But my new factoring drive, i mean india wants to overtake china, is the Global Manufacturing hub is not for sale. Is that possible . But it this way, it does not need to overtake china for very simple reason. Because the you out of my new fact to him as the most important driver for growth is mulberry. And as far as now the mistake, i mean this, your thought services are the key. So yes, india need some effect trying to avoid big therapist it. Um, because it needs lots of things to get its population moving into your brain area as china did, but not as much to be that well as china, the, because it was down some, you know, the, well, the service, its a high end services. I mean, there is a better place to do that than china. So in a wait time, as you have been right skills, i would say for a new year out, a new out of digital service. Mm hm. Well, thats benefiting assessing amounts of the population. Isnt it got to remember that the vast majority of, in jeff is in the Informal Sector is and farm work is low quality paid jobs. What is the slogan india for or is this food booming economy benefits thing . Oh, my question thats, thats the 1000000. 00 plan, right . Yep. Yes, we need to be very careful about a void in what came out to me. Uh the relatively well good skill. Uh, i mean 400000000 people out of poverty, but still im really not managing to cope with the income despite. Yeah. For india, these could be even worse because i think india, wed have a much harder time in, in bringing to the cities, the population in that organized way, which china did things to the whole cold, the so called. So basically, uh, registration or compared to registration to be live in big cities and i think for india would be my top other. Theres also the north and south divide that is very, very strong for india. So my sense is that in depth would have a harder time basically, you know, boy didnt come despite these from what china has already had, which is why dont its because problems. So you are right. This is really a big issue for india. Because if we look at the economist, the in mental support is going to the world bank report. Its saying that south asia is growing, but employment levels are actually falling. Why is that . Because they have so far they, in creating the big manufacturing um landscape like this, how se they should go far. We have but could all be, as i mentioned in india, but its really brand new. We have the best with the text that mean thats true, but its really minor compared to the growing population. Just remember that south east has population grows much faster than se, asia population. So, so this is why they need many more jobs and then its really very hard to create out because you, you need that investment to do so you need the companies to, to believe in, in your company. Is it just all your country does not so easy . So yes, creating the right employment is the way to go, but its if they need to certainly uh, fight to attack that Forward Investment to create those factors. And, and as i said, also services not only, not only goods. Yeah. And you mentioned bangladesh, though, i mean, thats aiming to become a developed country by 2041, the india, if we could bring it into again, wanting to become a developed country by 2047, all these realistic goals. While i made my calculations comparing uh, try not to india on. I have to say it in. Yeah. Which to me is rather easy. Cheap. So growth rate of around 7 percent, which is which is what india has had in the last thing. Years for 20 years or so, which is basically the key your manufacturing process probably in the india is 35 percent of that but but as soon as youre by nice is very low, 10 is 60 so you keep that growth rate i think. Yeah. In the could be a mother can develop the economy by 2040 around 35000. 00. So. So what is which is what china now would be in 2035. So you know, that would be a little bit convergence. Um, but the 50, i think india, wed be larger than double the population a larger economic size, but china, but many things can happen between that before that is just, you know, in the near, in the near projects. Absolutely. Okay. Yeah. Lets see. Augusta at arrow volumes, things to speak to you. Thanks for joining us on counting the cost. The now maximum change as the ultimate comes to the pre packaged mail is usually pumped into across america. But it does take a lot of energy to produce Food Processing and heavy industries such as cement on concrete production account for nearly a quarter of us Greenhouse Gas emissions. The by the administration is announced up to 6000000000. 00 in grants to help clean up thousands of facilities. The single largest industrial d compensation investment in american history. The department of energy says the money will fundable them fuzzy projects and sectors, including all the minium chemicals, iron and steel. Nearly 80 percent of the projects will operate in deprived areas. The initiative will prevent an estimated 14000000 tons of Carbon Dioxide emissions annually. Thats equivalent to guessing 3000000 costs of the roads for a yeah. To which one is now from austin and texas is a robot. Sure. What hes executive director of cobb and track of north america office. So what was the 6000000000. 00 to be compromised . The see 3 projects across 8 different areas. Lets zoom in on the mac and cheese exam. Folks. Look, weve got the one everyones little been interested in that. What are the plans to reduce emissions with that project . Well, i dont have the details. Yeah, exactly. Are all the projects the here but the but all of these projects share a common theme and the common theme is taking something that is the commercial and commercializing in, in a particular context that will then allow the Emissions Reductions that can be captured by that project. To scale, but how do we go about that . Well, so we need to these instances what, what the, what the government is looking for is were really working out the kinks with a new technology. And by doing so, find the most efficient way to, to do that process, whether its what we get it, whether its reducing emissions to the production of mac and cheese or, or, or, or circular economy concepts with respect to refining in other projects. In by doing so make it cheaper so that others can emulate those kind of projects as the industry as these various industries. Heavy industries are hard to evade sectors the carpets. Yeah. So why is about industrial emissions from well, emissions from the heavy industries and from these types of industries us so hard to reduce, you can imagine that we have a number of sectors where what we really need to do is reduce consumption. So those are getting the end user fossil fuels. Those have alternatives that have become economics. So we see electric vehicles, for example, suppose internal combustion engines. As an example of that, we can also substitute the free and power the use of power from a gas generating plant. I power as a wind and solar. Lots of good bye with batteries as we increase the amount of renewables on board. But in some of these hard to of age industries, its more difficult because we have issues like high amounts of heat that have to be generated as part of the industrial process or other things where fossil fuels have an edge and where there are commercial substitutes and so the goal of this money is really to deliver more commercialized levels, substitutes for, for those processes. So if you like, there is to take what has been done in a change in these studies few projects and replicates and across the country of the global aspirations for it as well. And i absolutely think so because, you know, mind you part of this is to reduce the u. S. Emissions in. So industrial emissions in the us represent about 23 percent of, of us admissions. But in doing so, also offer approaches to do doing that. They can be commercialized, scale, not just in the us, but also abroad. And i should also add to making those Emissions Reductions. Now may also make us industry much more competitive going forward, particularly if we see things like border adjustments on carbon as were seeing out of the. So i always love it with us as, as one of the wells talk, common mixes is going to tall. Get to be met 0 by 2050. Do you think its going to hit that target as well . I think if you look at this from a linear perspective, so these projects is 33 projects in the are expected reduced. So the one percent of us solutions, right . So if you look at this linearly and say, well, were not going to get there by 2050 if were doing one percent a year, but is both part of the larger picture. And also really trying to use the as curves that we see in new Technology Deployment to uh, to discounts. So i wouldnt expect it to be linear year of a year, but to have uh, some kind of scaling as the costs come down. And thats what weve seen to, you know, with wind and solar, for example. I have projects a logic based and deprived areas how they also set to improve the lives of the people who live in those areas. You have also a number of these projects have a couple of levels. So from, from a labor standpoint, a believe the, these projects collectively yours are expected to produce about 80000. 00 jobs. Many of them, as you note in, in areas that are what we would say are blue color areas. So heavy labor base the jobs are going to be based there thats valuable. And many of the parties to these contracts also agree to employee labor. So united workers as part of the as part of the work. But i would also say that there are going to be co benefits because theyre not just reducing the emissions are often point source emissions. So emissions that are in those locations. But i believe about 85 percent of the projects are going to be reducing criteria, air pollutants. So those are other emissions like, you know, small pm 2. 5 and other particular ones that would, that would otherwise have been a minute. All right, so it great to speak soon. Thanks for joining us. A pleasure to join. Thank you. Both in old bridge collapse and disruption to operations that one of americas biggest pause is expected to have a major impact on the local economy. Of questions are being raised on whether the corners are being caught as cities competes against each other to attract container ship business, and whether theyre avoiding paying for the necessary infrastructure upgrades to ensure safety. She have for tons of of thoughts, a suffering temporary travels are being opened on the top sco river bypassing the wreckage of the from cisco key bridge for small the marine traffic. But theres no timeframe for reopening the pulse of baltimore to major congo traffic. The fault ranch 9 for total us continue to inputs in 2023 number. Thats the us of supply chains and global trade. Another expected to be affected as call goes re routed to other ports on the east coast. Thats not much comfort for businesses in the baltimore region itself. Lewis, cavities, Construction Business will now have to make arrangements to try and School Supplies by road or rail, from wherever his goods end up with things being re routed. So we dont know what the freight costs would be coming from pennsylvania offer for ginia. We also dont know what the timeline is are. Once the board does reopen in puerto supply, and companies in the region will return, but will Freight Companies who use baltimore to import goods for the us as a whole, having spent months establishing alternative arrangements at other rival ports. This is all over the course on the eastern seaboard that are able to receive massive ships with a capacity of up to 10000 containers. However, it is full of the fords in new york, new jersey and virginia will be able to handle v diverted, contain of traffic. Cargo ship size is doubled since 1986. The donnelly is bigger than the eiffel tower. Maximizing profitability for the Freight Companies. But a voltage will allow loses, its making a container, ship business as a result of this collision, it wouldnt be grimly ironic since the crash and so much that they have long been warnings with. Its been to compete with other cities for these gigantic vessels to unload of baltimore corners of income tax fair funds were being used to attract Freight Companies through the building of bigger facilities for the ships to announce the profitability. But multiple wasnt ensuring the bridge these major ships would be traveling under was ready in baltimore. I mean, they dredge the channels, they widened the birds. They widened turning radius is uh they 4. 00 to 5. 00 or for a dock structures. But they actually didnt do anything to fortify the bridge, even though a car dealership had collided with it in 1980 of baltimore is to learn. Recent studies suggest the 8 other bridges in the us are as vulnerable as the key bridge to a collision with a massive container ship. She ever times the outer 0 of accounting, the cost baltimore, maryland. I became one of the hits all from the working during the pandemic. More than 300000000 people use Microsoft Teams making it the worlds most popular business communication service. But vitals of the chat and video app accuse of and legally crushing competition. And you regulate to say, bundling the platform with Microsoft Office products may be anti competitive. The us tech jones is now making changes to how the app is sold. Microsoft will allow business customers globally to buy teams separately from us office products. The app was added for free to office 365. 20 teams says new customers now have to pay more than 5. 00 for the stance loan up. The announcement by the tech john, come 6 months off to it and bundle the 2 products in europe in an attempt to avoid an e. U. N t. Trust fine. Lets take a closer look now at the backgrounds of to this case. European commission received a complaint of possible anti competitive prices by microsoft in 2020 was by the owners of a competing workspace messaging app known as slack. Youre paying commission opened a full anti trust investigation in july 2023 into microsoft bundling of teams with other office products. So i think anti competitive concerns. European commission is also investigating microsoft of all the anti trust consensus. They include the level of its fees and the ability of compressed messaging services to interface with office applications. Microsoft with the fine of as much as 10 percent of its Global Annual revenues. If found guilty of anti trust breaches has racked up gold and 2400000000. 00 in e u. N t. Trust funds in the past decade or joining us now from brussels. Its christina casara. Hes a well known economist whos worked as an express on the most high profile and the trust cases over the past 20 years advising both companies and go, lets say, christina, you a well well place to be talking about this here on counting the cost. Thanks very much for joining us. How much of a victory is this for microsoft compassion says that space has now been made for alternatives like flash and zoom. What microsoft has done to activity has to be cited in the sense that they would not explicitly for us to do this yet by the commission. We have fall from the stage where the European Commission mandate. So its an outcomes, it is proactively seeking to deflect on site. What microsoft has done is to say, okay, im, im bundling this, im essentially allowing people to create their own model. You want the office suite, you buy up a small discount. This is for new customers. You want to match it with at teams as he was before you can combine, you can buy gene standalone for a 5. 00 price. If you dont want to use, you can still buy the suite, the magic with zoom on slot and the easy not for, for the discount there to, to do that. Now the big question for competitors will obviously be, well, is that discount enough . Decide device people to buy that, that 2. 00 discount relative to the current price. Is it gonna be enough food for users to see if this works buyer to buy their product and match it realty sweet . Now remember, the teams product is being sold, send a lot of 5. 00 now. So the price for the entire microsoft bundle of these and teens has gone up some want. So the expectation is that that doesnt they, they, so they, the space in which this will be quite any principle. It does create some states, it does, but the problem is, isnt it, that doesnt even lead to microsoft, the microsoft platform, it does have for things. So well, its so easy to use it so cumbersome to bring in different apps and different platforms to it. But maybe that just isnt room for a single product. Companies in the market. This is this fundamental question of many regulators around the world are corrupting with when it comes to digital platforms. The essence of digital tap forms is that they are echo systems and they find it very easy to extend the office off the products. They offer a multiple functionalities that if they do, they use that use that they use, it gets a seamless product which works well, which is integrated and this is down them into platforms. Army. Nope, because sure where gets a benefit. They buy a single product. It works seamlessly, they dont have to bother their head, wed assembling Different Things together and it works. The problem does this great, so they create, this is the base by them both are completed on slide slide. Light is the same, but how are we going to have this . So bite in this . Well, if there is no room for us to essentially insert ourselves into the bottom because to make and created. So model, any principally can work. So the problem is particularly acute. We software, which is we work with microsoft does apply for means because the think about a Business Model as it was in the past, we will use to buy every 2 years and upgrade to the software. Now its on a subscription model. We cant prize constant updates off the features and functionality. So the entire Business Model is based around im giving people more thats subscribing to my bundle and im continuing updates and innovating adding features. Now that i get an increase of release of benefit for customers, but it leaves the question where do people stand when theyre only selling one functionality . So whats the answer to this . I mean microsoft essentially is looking at the commission, say ok, im a monthly. What a me is also being a problem. How far do you want us to go on and type Business Model ease of funds. You want this to price all a cart, every single individual feature and functionality that, that in the, in the, in the bundle. Do we think that thats gonna be good for customers with the creating almost complexity. I know most companies. So my picture. So that is really what the question lines and it sounds like the e u d. C is struggling to regulate that as well as christina can far as i think we do have run out of time, we will have to leave the interview. The thank you very much taking time to join us here on counting the cost. Thank you so much. And that is also for this week, but remember, you can get in touch with best buy twist to use the hash tag h a c t c. When you do or drop us an e mail, doing the costs at out, is there a dont net is address . It was a multi online at out 0 dot com slash c t c. Thatll take you straight to a page which has individual reports, links and into the episodes, each cap cell phone. Thats it for this edition of counting the cost. Im nora kyle, from the whole team. Thanks for joining us. The news on al jazeera is that the the latest news as it breaks the message, they say theyre going to be detail coverage. These really prime ministers spoke this evening saying that the military is ready to invade drop off despite criticism from allies, from the house of the story. Everyone is terrified to shelter in this hospital for more than 6 months. Right now. Nowhere is case and kind of thing. These are targeted critical debate. Pony farmers are angry, people are starving and we actually have to experts all good because we need money to buy informed opinions. The relevance of the Security Council is diminishing with every passing day. Frank assessments, while in addition to the highest level theyve been using games for this policy for an Economy Service doing. And course the arrivals inside story on al jazeera, being a journalist is that privilege i get to the heart of the story amplified the voices of those who have been drowned out by the noise is a 4. Is my driving force is what pushes me to take risks facing the trying to find that challenge. And the huge responsibility we keep politicians and Decision Makers in check. So the devastating human cost of their decisions working about 0 enables me to make the other voices relevant to so that theres more that unites us then divide the a much needed food is dropped into guys that but she, monetary and agencies call on ease route to open a land for the crossing immediately to increase the flow of age 5 of the play youre watching allergies. Here i live from bill. Have a nice for these back. People also coming out. Mexico breaks off diplomatic relations with ecuador after police storing the Mexican Embassy in quito to arrest the former Vice President , convicted of corruption