To face. 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 boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus also oil versus lithium as calls grow for a green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices
Price how come the race to the point. From these historic cent banks until job only what it takes to beat. Special coverage just. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus all so oil versus lithium as cold screwed for green economic recovery post pandemic may be green power could be the death knell for cruise. And saudi arabia the oil giant whose Economic Diversification has led it to the northeast of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is
A green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices Sliding into negative territory however briefly think about oman and behind both could receive economic support from the likes of saudi arabia and the u. A. E. But our focus is on those resource rich nations that with oil prices that are around 30. 00 a barrel may have to turn to. The International Monetary fund and start with algeria which has seen its debts soar to 45 percent of g.
Raises a number of russian mercenaries helping libyan warlords in the fight against the internationally recognized government. For war on drugs has failed a global team of experts calls time on policies it says are fueling organized crime. Im joined again with sports and its confirmed germanys beyond just legal will restart next saturday becoming the 1st European Football League to resume amid the current virus pandemic well be live in berlin. Where we begin in the United States where figures just released show another 3200000. 00 people have filed for Unemployment Benefits keeping a prolonged track to be the worst month on record for job losses well that means around 33000000 people have registered as unemployed in 7 weeks economists think Economic Growth in the u. S. Could plummet by. 30 percent in the 2nd quarter in europe the bank of england expects the u. K. s Economic Production to shrink by 14 percent this year and unemployment to rise to 8 percent the European Unions been warne
Socalled cures for the coronavirus in africa. And tips for staying fit mentally and physically during the pandemic speak with a fitness expert. Lets begin in the United States where figures just really show one in 5 workers as filed for Unemployment Benefits since march last week nearly 3200000 americans filed 1st time claims according to the Labor Department well that brings the total since mid march to 33500000. 00 people the pace of weekly filing seems to have gone down slightly but its uncertain how many of those people will have jobs to return to once lockdowns the lifted. In the 1st quarter of this year the economy shrank to its lowest point since the end of the 2009 recession economists are predicting an even worse 2nd quarter White House Correspondent Kimberly Howard joins us now live from washington d. C. And kimberly those weekly unemployment numbers just soaring ahead. Yeah in the 10s of millions and expected to continue climbing although the pace of it has slowed somewhat b