30 episodes

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

Counting the Cost Al Jazeera English

    • News
    • 5.0 • 2 Ratings

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

    • video
    As China tightens its grip on Hong Kong, could Taiwan be next? | Counting the Cost

    As China tightens its grip on Hong Kong, could Taiwan be next? | Counting the Cost

    As China's President Xi Jinping consolidates his power, scrapping a two-term presidential limit and cracking down on voices opposed to him, he has taken a firmer grip on the northwestern region of Xinjiang and self-governing Hong Kong.

    His next focus could be the island of Taiwan. Xi has gone as far as saying it is an “inevitable requirement for the great rejuvenation of the Chinese people”.

    Plus: A failed decades-old policy of unfettered free-market economics. What is next for Chile as the people redefine the economy to eliminate inequality?

    And, Argentina plans to tax the rich to pay for the pandemic.

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    • 26 min
    • video
    How China, COVID-19 and investors pushed Zambia into debt default | Counting the Cost

    How China, COVID-19 and investors pushed Zambia into debt default | Counting the Cost

    The G20 nations, made up of the world's biggest economies, struck an historic agreement on restructuring debt for some of the world’s poorest nations.

    It goes beyond the current deal to freeze debt repayments until June of next year.

    It is significant because it includes China, which has been reluctant to sign up to any deal that would cancel or restructure debts.

    Despite the deal, Zambia has defaulted on its debt.

    Plus: Extraordinary times call for extraordinary measures. We explain why central banks are thinking about introducing negative interest rates.

    And, Brazil drops out of the ranking of the top 10 economies.

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    • 25 min
    • video
    How to reinvent cities for the post-pandemic world | Counting the Cost

    How to reinvent cities for the post-pandemic world | Counting the Cost

    For more than a century, cities have been magnets for millions of people seeking work opportunities and the promise of a better life.

    But the COVID-19 pandemic is rewriting the way we live and work. City centres have been turned into ghost towns as people work from home. It could potentially leave lasting scars with shops, restaurants and services that cater to commuters being decimated.

    By some estimates, the economic damage to the world's top two financial centres - London and New York - surpasses the wreckage of the financial crisis of 2008.

    Plus, we look at what a Joe Biden presidency means for Turkey.

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    • 25 min
    • video
    Is this the end of austerity for rich nations only? | Counting the Cost

    Is this the end of austerity for rich nations only? | Counting the Cost

    When a country's finances are a mess and a lender of last resort needs to step in, a bailout comes with conditions, mostly draconian austerity measures. But governments have also been known to implement them for ideological reasons.

    With the pandemic, the International Monetary Fund (IMF) now says governments should keep spending and not worry about their finances until a recovery is managed.

    But according to Oxfam, the majority of loans extended by the IMF during the pandemic will require some cuts to public spending.

    Plus: A controversial pipeline that Italy claims will give Germany more power over its neighbours.

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    • 25 min
    • video
    Is it time to break up Facebook's monopoly? | Counting the Cost

    Is it time to break up Facebook's monopoly? | Counting the Cost

    For years now, Facebook has been accused of not doing enough to curb the spread of hate speech and disinformation, failing to regulate content that pushes everything from coronavirus conspiracies to holocaust denial to genocide.

    It has also been accused of crushing the competition, through acquisitions, copycat products and throttling news content providers.

    But the United States may file a lawsuit against Facebook for stifling competition.

    Plus: The pandemic will push millions into poverty. We talk to the World Bank's director of poverty and equity.

    And, the search for oil in Namibia raises environmental concerns. We talk to the CEO of oil explorer ReconAfrica.

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    • 25 min
    • video
    US election: What would a Biden victory mean for China? | Counting the Cost

    US election: What would a Biden victory mean for China? | Counting the Cost

    It is rare to see cross-party support for anything in Washington but one thing is for certain - both Republicans and Democrats see China as a major geopolitical threat.

    US President Donald Trump has blamed the Democrats for China's unchecked economic rise.

    Between 2001 and 2013, an estimated 3.2 million jobs were lost in the United States, as the country's trade deficit with China grew.

    In September, Democrats announced a $350bn plan to confront China.

    Plus: We look at Chinese President Xi Jinping's plan to rival Silicon Valley as Washington restricts the export of semiconductors.

    And, we discuss doing business in Africa during the pandemic.

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    • 25 min

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