Skip to main content

tv   [untitled]    November 4, 2021 2:30am-3:01am AST

2:30 am
were told it will need a taliban commitment, it will need the original commitment for preventing the smuggling and mafia and also it will be required to missional community or planned program support incentives. oh, for the pharmacy that many express doubt that poppy cultivation will be eradicated . they say it's simply too lucrative for the taliban, but no one dares to say it on camera. like with everything these days, it's still not clear in what direction the taliban will take this country with stephanie decker al jazeera cobble. ah. so i've got the headlines here and al jazeera talks to revive the 2015 iran nuclear deal our shuttle to resume at the end of november. the u. s. in direct negotiation stalled in june off to iran held elections. while the announcement of more talks happened, the hours after iran reported a naval incident in the gulf of oman,
2:31 am
it accused the us of trying to capture tanka carrying its oil. the u. s. denies the claim. i've seen the iranian claims, they are absolutely totally false and untrue. there was no such effort by you as naval assets to seize anything with this refers to is back on the 24th of october u. s. navy assets did monitor iranian forces, illegally boarding and seizing a merchant vessel and international waters in the gulf of roman united states. 5th fleet, directed to ship scenario assets to closely monitor that situation at no time. were you as forces attempting to retake or otherwise engage in the situations situation where you acted completely in accordance with the law. so it's a bogus claim. united nations is choosing all sides of committing atrocities in ethiopia. and investigation says the government and rebels and the to grow conflict of violated human rights. and some may amount to war crimes and crimes against
2:32 am
humanity. report says the conflict has seen extreme neutrality. new jersey a democratic governor, phil murphy has now only one election. murphy states, 1st democratic governor to in a 2nd term and for decades if victory gives the party hope after republican glen young can pushed out terry mcauliffe in virginia's race. while speaking after the defeat, president biden said he would take people's concerns seriously. that's how our day 4 of the cop $26.00 you and planet summit is focused on ways to finance the battle against global warming. you are most of our leaders have left glasgow after landing several agreements. a main aim of the talks is to secure enough commitments to keep the rise in the average global temperature to 1.5 degrees celsius. well, those were the headlines. the news continues here on al jazeera, after counting the cost. stay tuned. thanks for watching by for go where no one has gone before had ended true. we will be
2:33 am
left behind. reach lean, the sounds of wall in the whisperings of a few acres of truth will be heard. confronting power with courage and lighting the dark, michelle was to inform and inspire even if we crime with reasonable wo on our own unique path. ah hello, i'm adrian finnegan. this is counting the cost on al jazeera. you look at the world
2:34 am
of business and economics this week, fighting for survival, government bailouts have helped many airlines avoid bankruptcy. but not all states have deep pockets. and who would be thinking about starting at airline in the midst of a pandemic. we speak to the chief executive of the norwegian startup. the biden administration's moved to counter bay james, economic and diplomatic reach in latin america, but is it too late to recover washington's diminished influence in the region? as tesla becomes the 1st woman, trillions or automaker could this be the future of the trucking industry that may look like any other truck on our roads, but this is also powered by electricity ah, for the global economy to recover fully from the pandemic, there is an industry that needs to make a comeback, tourism it represents a 10th of the global economy, and the pandemic has wiped out a 120000000 tourism jobs. but that recovery depends on more travel corridors and
2:35 am
countries opening that borders. and with the lack of vaccines for the world's poorest, that's unlikely to happen before late. 2022. we're going to focus on the crucial role that airlines play in that recovery at. as always, we'll stop at the numbers. after the worst year on record, the industry is predicting losses of 52000000000 dollars this year. while says a likely to persist next year, but should shrink to $12000000000.00. tourists traveling by air, expected to spend 354000000000 dollars this year. not sounds huge, but that's more than 40 percent. less than before. the pandemic airlines continue to receive life support from governments totaling some $243000000000.00. since the start of the pandemic carriers in this region, the middle east, which rely on international traffic, have been fortunate to have the support of state have capital. airways received $3000000000.00, but still comp 15 percent, or more than $13000.00 employees from its workforce. regional rival and one of the
2:36 am
most profitable airlines, emerett made a loss of 5500000000 dollars last year and received more than $3000000000.00 from due by us government. in the us and europe, governments opted for a mixture of loans and fellow schemes to keep airlines flying. but not all governments have deep pockets and some airlines are struggling for survival. for example, asia x has liabilities of $8100000000.00, half of which is due to cancelling airplane orders from air bus. the malaysian low cost long whole airline is working on a deal to pay just north point 5 percent of the debt that it owes neighboring tie airways back in june when a court order to restructure depth of 12 point $9000000000.00. however, the airline was in difficulty well before the corona virus pandemic, grounded many flights across the globe, and then says indonesia is national carrier gruder which is on the brink of
2:37 am
bankruptcy. the entities in government is devising a takeover plan if the company is unable to renegotiate leases of restructure its death. houses here as jessica washington reports from chicago ah, at indonesia largest airport, passenger traffic is on the rise. as domestic tourism enjoys a resurgence. after months of relative quiet travel restrictions that major airports around the country are easing. as the number of coven 19 cases falls. it's a welcome change for the countries aviation industry. but it may not be enough to save one major player drowning and dead. the country's oldest airline to route indonesia is edge in close to bankruptcy. it's not a pretty picture in terms of the depths amounting to hundreds of trillions of repair, which is coming up to billions. is the largest that that group has had so far in
2:38 am
its history. ah, the pandemic had a severe impact on the flag carrier. passenger numbers have fallen by 90 percent and flight frequency has reduced from 400 to less than 100 flights a day. the airlines, total debt, is now $4900000000.00 and the company faces several law suits over unpaid debts. it's very difficult to imagine in indonesia where the indonesia with that group, but it has to come up in. it has to be a point where somebody says, you know, she's off clean up or you go the airline c o fan city puts rail, told al jazeera steps have been taken to turn the company around, including renegotiating airplane, leasing costs, and restructuring loans. he says the reopening of international borders offers more hope. like many airlines around the worlds grew to indonesia has struggled through
2:39 am
the pandemic because of travel related restrictions, but grew does financial woes. it started long before the pandemic. and now the flag carrier faces an uncertain future aviation expert sega router, indonesia has struggled to compete with low cost carriers grappling with weak earnings while paying for a large and expensive flight of aircraft that are mostly least analysts also say the ellen's management persisted with unpopular routes which became known as ghost flights due to lack of passengers and get actually facing financial distress. just back before pandemic. for 5 years earlier, we see some of the pressure on costs of is increased dramatically. and then some of the international mile flight, for example, in london, is not approved profitable. the airline is still mostly owned by the government and the ministry of state owned enterprises has proposed rebranding. a state own
2:40 am
charter service police as a passenger carrier to replace gruder or putting in more state cash. the ministry declined in interview with to 0. the option of the bankruptcy edition of godaddy is fairly like visible option right now, and also what the spit budget. if the government bill on the go down, it needs some more than 4.9 billions. and on the other hand, the initial governments still focusing on the major infrastructure project that's near the more fun under pressure to resolve the crisis at ruder, the government faces a difficult choice, either try and save the failing and line, or let his collapse well against that backdrop, imagine trying to start a new airline. i'm delighted to say, joining us now as someone who's doing just that. the own tool. lawson is chief executive of no region low cost airline,
2:41 am
north atlantic airways. he's joining us from washington dc via skype doing really good to have you with us. why now is this really the right time to be stopping allow line when so many others are struggling aggressive, but we, we think it is exactly the right time to do so. if there ever was the reason for that is due to the and the next little bit. i have been fortunate to counteract to see creations and that has made us able. ready to acquire a good number of very low prices so, so we are starting off from a point that nobody have done before. and secondly, we have an abundance of people who are very key to join. just want to build something fresh. it doesn't mean that we will stop operating right now because that
2:42 am
might be why i gotta do to them it. but this is exactly the right time to, to create a combination for what is great to be a competitive affordable local. i do you think that you're going to be able to crack the long haul discount market off to the weekend as exit from trans atlantic roots, you're even taking some of the staff who worked on that operation. is history going to repeat itself, or are you turning over a new leaf here? we are totally new company. i have nothing to do. having said that, we, we haven't taken a few people who have been with and experienced and in terms of static line. and also we haven't made a historic agreement with the american union by ensuring that many of the previous slide working on some of the reasons that
2:43 am
there are actually going to join our airlines, which is which is great for us. and also very good for, for the place, but are very different than other airlines. we are point to point carrier. we have very little in our model. and the reason why we can have the lowest cost and industry, alright, but one of your competitors is, is jet blue, who started to fly across the atlantic to it's a really tough sector. fly to be competitive on, isn't it? it's very competitive. and competition is great. results of that company and they will, they are doing, they are targeting perhaps a little different boxes than we are in that they are more, they're probably more directed towards the business market. and our from that we have many competitors and we have respectful them. we think competition is very good both for the consumer,
2:44 am
but also for up to competition. just makes it better. all right, so when do you think you'll have the 1st plane in the? yeah, that's going to be spring, spring transfer. ok. how long do you think it's going to take the airline industry to return to some semblance of pre pandemic normality? of course, it depends on how the corolla are going forward, but we see that in the domestic america, for example. ready or in europe, you are close to 3 and then the levels. and the reason for that is, is that the regulations so that people can actually travel. and we think the same thing will happen in normal regulations are, i think it's, it's really the key people really want the travelers or people move off of travel. but right now that will allow us to, we estimate that when it's going to be the present levels across the atlantic
2:45 am
getting closer to and if we think is gonna be good here for almost $24.00 reservation will be the time where we will be, be on the or at the levels that we had before, but obviously there are a few unknown virus scanning for something like 40 airlines collapsed during the pan. then you think we're going to see more collapsing before things actually begin to improve? yeah, well i think you might, you will all they see collapsing either because so strategy cost structure, whatever they happen. open a crisis situation right now and normally due to competition and that might very well happen. again. we seem to have all that stuff. they will need more
2:46 am
capital in order to, to, to be able to survive. but i don't necessarily see that the big way is gonna be right now does. i've probably been affected, but i guess it depends on how the company is capitalized. and what about jobs with so many last during the course of the time that you think we'll ever get those jobs back? we now perhaps more realistic numbers for the airline industry. i think the same thing is that a lot of just lot of jobs might have been those permanent people today. it's actually hard hiring people for many, many airlines and other companies do to people who left in to see i'm not coming back. and the 2nd thing they're seeing is that there is an acute sort finals in many areas and developed in america. for example,
2:47 am
right now there are multiple products, so several airlines are struggling to, to fly due to lack of competence group. and this is a trend we think is going to strengthen as we get back to normal business, which of course is, is a challenge rosel. and our ambition is to be the best employer of both pilots. and by that, by taking good care of people, we think they will take our company and will be an attractive employer. but we recognize it's going to be tough to find the best people don't. you're a brave man. we wish you the very best of luck with it. thank you so much for being with us in the cost. really good to talk to you. thank you very much. i asked china accelerated, it's economic expansion in latin america. the bible administration is moving to counter beijing's trillion dollar belt and wrote initiative with an initiative if
2:48 am
it turn cold, build back better for the world. but it's out of here as i see on human reports now from santiago, chile, it could be too little too late. to recover washington's diminished influence in the region for south and central america, the new north is east, especially china. and it should come as no surprise in just 20 years. china's trade with the region has soared from less than 18000000000 to more than 300. 15000000000 everywhere you look, us products have been replaced by chinese bridge during the cold war. and in fact, way before that united states considered latin america, it's back yard, employing its famous keratin stick policy to ensure that is to interest were respected. today, it's not the american, but the chinese presence that's far more visible here and it goes way beyond she. chinese import 19 latin american into religion,
2:49 am
countries had joined trying to signature built and wrote initiative a one trillion dollar trans continental trade infrastructure network. it includes key infrastructure projects, cyberspace, energy industries, transportation hubs, roads, telecommunications, agriculture, and even military training. here in chile, as in brazil and argentina, the chinese covey vaccines have been made widely available as part of a new and aggressive medical diplomacy strategy. it reflects china's global soft power and influence, in this case, a bit too close to home for washington's liking. united states tends to view this in g, a strategic terms and trends to see this in terms of china somehow securing outside influence beyond the economic sphere in latin america. us diplomats and the pentagon have expressed concern about quote,
2:50 am
predatory trade practices that they are, are giving china excessive geopolitical leverage. adding insult to injury in june long time us allied, panama joined the dominican republic and of salvador in switching recognition of taiwan for china. another sign of how much washington's leadership, an influence of the region has diminished. it's in this context that the by did administration is launching, get an offensive called, built back better for the world, or b, 3 w for short, to compete with china's belton road initiative. and for the united states, this is strategic. when we think about our global stature enhancing the prosperity, the economic prosperity of our friends is at least as important as our military might. washington says its proposed infrastructure program will be values driven and transparent, focusing on digital technology, health and health security,
2:51 am
climate and gender equity and equality. wholly. this is amusing, kind of like the guy who's ignoring his girlfriend, then notices that he has competition and suddenly realizes that he really wants or in any case, i don't know how strong this proposal to contribute to latin american infrastructure can be if the united states still can't agree on its own domestic infrastructure program. this as china is considering a transcontinental railroad, linking brazil in the atlantic to chile in the pacific, after having just signed a $4700000000.00 accord with argentina to revamp its railway infrastructure. i think that there are some things that trina has been providing that the united states is simply not in a position to do. the fact of the matter is the china is now the largest trading partner for peru, for chile, for brazil, for your why, for power, why? that's not going to change her for argues that the united states can and should
2:52 am
identify areas where it can be a dynamic and constructive partner with latin america, such as renewable energy or the transfer of technology. unlike china, latin america and the us do share cultural ties. but there's also a checkered history, which is why most latin american countries are watching washington in beijing competes with their ever convinced that when it comes to trade, being monogamous is no longer in their best interests. tesla joined an elite club of companies valued at more than one trillion dollars. that's after it landed one of the biggest orders for electric vehicles from the rental car company hurts. now, if anything, the deal finally cements the electric cars. rise from a nice product to the future of the auto industry. while tesla has ambitions to top the entire auto industry and sales over the next decade. the $368000000000.00 heavy
2:53 am
truck industry is wide open for a similar disruptor. a gaggle of big names dominate the sector and have plans to start electrifying their vehicles. tear up a british electric truck start up, has raised millions of dollars to roll out its own environmentally friendly delivery trucks. with an electric charge, the trunk can cover 250 kilometers. and with a hydrogen range extender can do 500 kilometers. well let's talk to the director of to have a right now david zachary ga, set from london via skype. david, good to have you with us. what do you make of tesla's extraordinary market capitalization? and for you say it is extraordinary. and it's, it's uncanny isn't it that by now they, they exceed the market, capital, the, they're the 10 top players in the market. and when you consider that there were any maybe 40 dollars 2 years ago, now to be a $1040.00 is a remarkable achievement. and i think it,
2:54 am
i think it demonstrates how the investment community this world sees, sees which way the automotive industry is moving. all right, so what progress is being made in, in your part of the industry, the truck industry? does you? what about the competition? i think you'd say progress, this is slower. i think the progress is slower, primarily because the naming come than players haven't, haven't contributed if you like in the same way. yes. you know, obviously where they're doing the best that we can. there are others along with us, but you know, you could look people at b y, d. if you look people i, lion high lion highs on arrival. there's a good number of new new market entrance in, in the game. but it is those new players that are driving to driving the heavy truck industry, not the income. and i wanted to ask you about that career compared to the likes of skinnier and mercedes. you're, you're, you're just a minute. that doesn't concern you them. no, no doesn't technically doesn't. and but 3 to 3 years ago,
2:55 am
you would say tether. tesla was a minnow in comparison to the level of market. they're producing perhaps a quarter 1000000 cars versus a global market of almost a 100000000. so yet they were absolute minimum just just 3 years ago we in the next couple of years will be the similar market penetration. so no, it really does not surprise me. it doesn't, doesn't, doesn't bother me in any way, shape at all. and all that has big players in the scanning, as of all of those, etc, that you mention. they all have products that they can produce. the you will notice that they are choosing not to sell them at market viable costs. and i guess you just have to ask yourself, why would that make that choice? you gave us a time frame there. the size of the electric truck market was what worth around. $1000000000.00 in 2020 by 2027. it's predicted to be 14000000000 it, i mean,
2:56 am
that's a, that's a slower uptake when you compare it to the uptake of electric consciousness. and it is, if you believe the forecasts, i'm not sure that i do. i, i tend not to look at forecasts for the current electric truck market. i think in terms of what is the actual truck market and the truck market as the hell is probably worth in the medium duty sector, po, live out in the order of 200000000000 or thereabouts. that's all trucks. and i would strongly argue that certainly by 2040 a 100 percent, that will be electric, probably a good bit before that time. so when you, when can we expect to see your trucks or on the road? i mean, i'm not expecting you to diverse business secrets here, but there are other, any pre orders, large customers that you can tell us about. yeah, and it's just, i guess, one quick point i just had to put 1st, which is in terms of the uptake. so the uptake has been stymied, acting by the supply fee literally by amazon. you look at fedex, you look at d,
2:57 am
h l, and you look at a u. p. s. all those big, big global fleets have all taken control of supply because they can't get the, the supply from the income until he ends. so the fact they're willing to actually stop producing vehicles themselves in many ways just tells you that they are ready to go as soon as the product is there, in terms of ours. and we will have our 1st vehicles on the road q 3 next year. that's excellent. what about startups who specialize in autonomous delivery trucks though? does that pose a threat to your business? no. not in any way shape or form. i think gotten, this is something that will be i think if i'd say i would expect how thomas technologies to be incremental, they'll come in stages and then they will suddenly go friend vehicles, the drivers to vehicles around drivers, abil just find more and more functions compared to not thomas incrementally, certainly it's something that we're looking at and it will be something that we will being including and building out technology as we go forward. you know,
2:58 am
we are 1st and foremost i, technology company and technology company that produces trucks. primarily one final question, david, what, why would you choose the u. k as a manufacturing based given that the post briggs it trading difficulties that we're seeing right now? i think straightforwardly. ukiah is where we were born, the u. k is where we have grown up and the u. k. a snow, the place that we will be manufacturing, sally, and we will continue to manufacture and you can make no mistake about that. there's a, there's a great skill base in the okay, and this is our home. but equally, as we go forward, we will be opening manufacturing capability within mainland europe. and certainly with the north america, we were sure all the best. david, good luck with it. many thanks and day for being with us. manhattan. thanks. happy milk. and that's our show for this week. if you'd like to comment on anything that you've seen, you can tweak me. i'm at a finnegan on twitter. please use the hash tag a j c to see if you do or you can drop us
2:59 am
a line counting the constant outage 0 dot net is our e mail address, as always, has plenty more for you online at al jazeera dot com slash ctc. that takes you straight to our page there, you'll find a time episodes fee to catch up on but that's it for this edition of counting the cost. i'm adrian finnegan from the whole team here in doha. thanks for being with us. but he is allowed to, sara is next. ah the corona virus has been indiscriminate in selecting its victims. it's devastating effects of plague, every corner of the globe, transcending class creed and color. but in britain,
3:00 am
a disproportionately high percentage of the fallen have been black or brown skins. the big picture traces the economic disparities and institutional racism that is seen united kingdom fail, it citizens britain's true colors. part one on al jazeera blue . every means possible. i to quickly reach and implement an understanding on a mutual return to compliance with the j. c. p. away. the u. s. welcomes hiram's return to talks with world pals to salvage the 2015 nuclear deal. but tensions flare as iran accuses the u. s. navy of trying to seize its oil, but washington calls it falls and untrue. ah hello on down jordan, this is al jazeera ly from della also coming up cbs.

32 Views

info Stream Only

Uploaded by TV Archive on