30 episodes

A weekly look at the world's top business and economics stories.

Counting the Cos‪t‬ Al Jazeera English

    • News

A weekly look at the world's top business and economics stories.

    • video
    Western Europe's biggest oil exporter targets deep-sea mining | Counting the Cost

    Western Europe's biggest oil exporter targets deep-sea mining | Counting the Cost

    Norway has saved $1.35 trillion from the export of oil and gas.

    While advocating green credentials at home, it is the world's seventh-biggest exporter of emissions, and as oil and gas revenues dry up, it is preparing to mine the seabed for metals.

    We talk to Peter Haugan, professor at the University of Bergen, about the possible environmental impact.

    Plus, how will UK finance minister Rishi Sunak pay for the pandemic? We ask Miatta Fahnbulleh, chief executive of the New Economics Foundation.

    And Chile's vice trade minister Rodrigo Yañez speaks to us about China's trade and investment.

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    • 25 min
    • video
    How rich is Russia's President Vladimir Putin? | Counting the Cost

    How rich is Russia's President Vladimir Putin? | Counting the Cost

    When Kremlin critic Alexey Navalny was arrested while returning to Russia last month, crowds came out to protest against the Russian leadership. If the protests were anything to go by, many Russians have been disillusioned and angered by President Vladimir Putin and the economic gloom.

    Navalny released a video that claimed a billion-dollar palace on the Black Sea was built for Putin. The Kremlin denied the allegation.

    But decades-long questions about Putin's wealth will not go away.

    We talk to Hermitage Capital's Bill Browder, who believes he has the answer.

    Plus, NAGA's Jameel Ahmad and FX Primus's Kaia Parv talk about the rise of meme stocks.

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    • 26 min
    • video
    Decades of plundering: Where has Iraq's oil wealth gone? | Counting the Cost

    Decades of plundering: Where has Iraq's oil wealth gone? | Counting the Cost

    Ranked as the fourth-biggest oil producer in the world, many would assume that Iraq has the financial resources to weather the pandemic.

    But that is not the case - its fragile economy is struggling to cope and it may turn to the International Monetary Fund for assistance. It has already devalued its currency by almost a fifth, enabling it to eke out more dinars for dollars.

    Ahmed Tabaqchali, the chief investment officer of AFC Iraq Fund, helps explain where all of Iraq's money goes.

    Plus, Dr Azeddine Ibrahimi, director of MedBiotech, tells us why mRNA is the pandemic's breakthrough technology.

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    • 26 min
    • video
    Why China's plan for the world's first digital currency matters | Counting the Cost

    Why China's plan for the world's first digital currency matters | Counting the Cost

    Tried and tested in the biggest "open-air digital prison" in the world, China's surveillance of Uighur Muslims in Xinjiang has been rolled out across the country.

    Cameras, artificial intelligence and facial recognition have been deployed to monitor and reward citizens with social credits.

    But, China is about to take another step to exert its control over its 1.4 billion population.

    It is currently testing a digital currency that could replace the yuan this year.

    It may also be used to reign in the country's powerful technology companies.

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    • 25 min
    • video
    Thailand protests: How much is the king worth? | Counting the Cost

    Thailand protests: How much is the king worth? | Counting the Cost

    Anti-government protests kicked off in Thailand last year after a pro-democracy party was disbanded for opposing the military government.

    The protests escalated and morphed into demands for the monarchy to be reformed. It has long been thought that Thailand’s monarch was the richest in the world.

    The country's economy has contracted more than 6 percent due to the pandemic. Millions are unemployed and there is little prospect of a tourism revival.

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    • 26 min
    • video
    The trillion dollar man: Biden's plan to revive the economy | Counting the Cost

    The trillion dollar man: Biden's plan to revive the economy | Counting the Cost

    The first major legislation for President Joe Biden, unsurprisingly, is getting the coronavirus pandemic under control with a massive injection of money. The headline number, $1.9 trillion, will go some way to provide an additional shot to the economy.

    But what about his other plans to create jobs? During his campaign, tackling inequality and wealth disparities were top of the agenda. What can we learn from the selection of his economic team? We talk to William Barnard from Democrats Abroad.

    Meanwhile, can the US reset relationships with old friends in Europe; and at what cost? We talk to Malta's Foreign Minister Evarist Bartolo.

    Plus, in Nigeria, drought, desertification and terror attacks are threatening the livelihoods of 40 million people who depend on farming to survive.

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    • 25 min

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