international monetary fund has extended the fifty billion dollar bailout loan to argentina when president. for an early release of the i.m.f. funds the peso tumbled to a new low against the dollar ending the day at nearly half the value it had on january the first is that we did dollar worth over forty pesos we cannot buy teaching materials supplies or to us. inflation is exceeding thirty percent and we are earning less than we need to feed ourselves there are teachers who are living in poverty protesters say basic needs get more expensive every day you took your rates have increased one thousand five hundred percent and businesses are closing leaving more people jobless they blame president for what they call neck anomic disaster. economists say the government needs to stop foreign currency from leaving the country however the government has done the exact opposite totally deregulated markets. sort of setting the grounds for the run on the dollar

president mccree is trying to ease panic among investors he has promised to restore economic growth while cutting argentina's budget deficit reducing inflation and making the six hundred forty billion dollars khana me more competitive i don't know . but i think you have to give the government times a legacy of the previous government is very pronounced very complicated. but not everyone agrees that more time and patience will save argentina's economy from a total collapse. all right let's take a look at some other stories catching our attention this week it was billed as the biggest i.p.o. ever the reuters news agency reported saudi arabia's king sound man has put the brakes on the planned public sale of the national oil company the flotation of five percent saudi aramco was supposed to happen this year but has now been put off indefinitely it was a key part of crown prince mohammed bin sandman's saudi twenty thirty economic

development plan but the reuters report says the king doesn't want to open up the books to regulators robert maginnis he is a senior analyst at the seaward group a consultancy an advocacy organization he says saudi arabia's economic outlook has changed. we have to remember back when this i.p.o. was announced it was early two thousand and sixteen the economic context was very different than it is now saudi arabia was coming off of a year where their budget deficit reached close to one hundred billion dollars the price of oil was still low there were a lot of reforms that were on the agenda but had yet to be implemented and i think we have to remember that that's the context within which the i.p.o. idea came about now. after the enthusiasm around that i.p.o. has subsided we see a very different economic context in saudi arabia the i.m.f. issued relatively positive consultation that they concluded in july we saw growth

non-oral growth reaching about two point three percent a decrease in the but year on year budget deficit from about nine to four point five percent expected in two thousand and eighteen and also the introduction of various other economic measures like the value added tax and reducing fuel subsidies so of course there's going to be some disappointment on from global investors that we're very hungry for to be part of this i.p.o. there will certainly be disappointment from some policy makers within saudi arabia that hope that they could generate approximately one hundred billion dollars from this i.p.o. that would then feed into the public investment fund now one company that is gearing up for an i.p.o. is u.k. luxury carmaker aston martin it wants to lift shares on the london stock exchange late so they see it and it's aiming high with talk of a six billion dollars valuation it also wants to double production from current levels but it cheating that goal could depend on its success in attracting female

bias james bones favorite sports car maker as only ever managed to sell five percent of its cars to women. are driving us vehicles were in focus this week japanese carmaker toyota announced it's investing five hundred million dollars in the idea is that toyota will provide the cars and the autonomous driving technology but their future robo taxi business model has yet to be fully worked out big questions over safety remain unresolved after the first pedestrian death involving a self driving back in march and a big move in the world of caffeinated drinks coca-cola has snapped up koester the u.s. soft drink giant paid more than five billion dollars for the world's second largest coffee chain to the u.k.'s whitbread the deal will give cocoa almost four thousand coffee outlets in the u.k. and across europe hot beverages is one of the few areas of the drinks landscape

where coca-cola does not have a global brand. our celebrity social media influences have a new set of online followers advertising standards authority online celebrities and bloggers have millions of followers across platforms like instagram and facebook that's why they're called influences but many of these stars do not reveal if they have been paid to promote fashion or beauty products or even services like plastic surgery and that is something authorities in the u.k. and in the u.s. starting to examine and prosecute. according to a study by media kicks an influencer marketing agency ninety three percent of sponsored posts made by the top followed celebrities on instagram are not disclosed the fashion industry is one of the biggest sponsors of social media advertising but many beauty tutorial creators for example neglect to mention that they're being

paid to promote products big brands such as tobacco companies use social media influencers to promote their products consumer watchdogs in the u.s. and in the u.k. say they have started looking more closely at social media marketing practices one of the reasons is because influencer marketing has become extremely popular for targeting generations said that is the demographic roughly aged eleven to eighteen the message is clear social media stars who don't come clean about being paid to promote certain brands could find themselves in court along with their sponsors were joining me now from london is rupert shar an influencer marketing regulatory consultant and founder of hash tag thanks very much for being with us so for the uninitiated among us just explain to us broadly what exactly is influencer marketing sure it's at its my simple it's where brands will partner with

a somebody with a large social media following to promote their products and that might be three just a single sponsored post or through a long term campaign so people like the kardashians for example they would be they would be a good example of influencers marketers yes yes they are an example they're an example of a celebrity but actually quite a lot of influence marketing happens with someone they people with much smaller following so for example ten to one hundred thousand followers they might not be celebrities if we know them you might not see them on t.v. but they will have for example instagram or facebook or twitter following. and some of these celebrities are getting a little bit more scrutiny now aren't they because of the products that they're pushing and the fact that many people are not aware that a lot of them are being paid. to do this are we reaching a point now where they are going to get more scrutiny from from advertising

authorities and so on absolutely yes i think it's been described as the wild west previously where you know the average person couldn't actually tell if a post had been sponsored or paid for in some way so the advent of investigations from the f.t.c. the a.a.a.s. now the cia it's definitely the influences are much more aware of what they need to be doing and brands are also a lot more aware of how they need to ensure that post of clearly disclosed why is this so important what does this mean to the so-called generation of generations that it's coming up now well it's important because you know generations the we are consuming much more social media content than we ever have before. so the markets you know that the market for instance marketing is growing exponentially and so we're immersed in it so traditionally we've always been able to tell the difference between advertising for example on t.v.

and editorial content there's been a clear distinction between the two whereas with the social media marketing sometimes it's very difficult for a consumer to be able to tell what is paid for and what isn't and it's important for consumers to know this because it will make a difference to their decision as to whether they actually believe that influence a cares about that product and makes a decision difference as to whether they actually want to purchase that product so being very clear as to whether something is an absolute and when it isn't is important for consumers throughout the world and how big an industry are we talking about here at the moment i mean how big is the influence of market in the u.k. and around the world. it's huge so globally we're talking billions of dollars and it's growing exponentially so i think some forecasts the earth are estimating potentially twenty billion dollars in part twenty twenty so it certainly is a massive market and one in which brands and advertisers a fully aware that they're there can be some gains huge gains to be made from the

news and influence of marketing so it's set to rise certainly and how big a budget do companies themselves allocate for something like this that can really vary so it can go from anything for very little some brands still don't use the influence of marketing to up to forty percent or hundred percent certainly some products i've seen of. actually you know the whole premise that that product is to be solved by influence of marketing only and you will only ever seen it seems marketed on instagram or you don't twitter or i g t v for example now one of the news platforms so it's it depends on the brands but if you know if it's a brand that contain the markets most of them will have allocated a budget certainly by twenty twenty a lot proportion of their project to influence a marketing group or shot thanks very much for being with us they're welcome thank you and finally biofuels have been touted as a green alternative to fossil fuel and global demand for biofuels containing palm

oil looks set to grow but behind this green push is a hidden destructive element forests in southeast asia are being cleared to make way for oil palm plantations it's also consumed by half the world's population rowsley reports from camp in some off state malaysia sabah in east malaysia is renowned for the beauty of its natural landscape one of its draws is the tropical rain forest dense undergrowth told majestic trees rich in plant and animal diversity. it's also a way of life for some like to harden been jobless for generations the people from his community in central village have relied on the jungle for much of the needs of the one community many things that we use come from the forest we use raw turn to make and build things some plants are used in traditional medicine the insects too

useful we take honey from the bee it has medicinal qualities even the water they drink used to come from the forest but not since the area around it was cleared for development to harden and some villages fought against the encroachment but to no avail logging in this forest and the landslides that occurred as a result of that have affected this stream it's a trickle compared to what it used to be and the water is no longer clear but muddy . since two thousand and thirteen much of the forest has been wiped out the trees replaced by a single crop oil palm sabah is the top palm oil producer in malaysia which in turn is the second largest exporter in the world after indonesia demand for the commodity is set to grow driven in part by the push for biofuels particularly in china and indonesia that could spell a disaster for forests as land is cleared to make way for plantations but the round

table unsustainable palm oil. says alternatives to the commodity maybe even worse bottom oil has a year that is four to ten times or then all the royals so it requires ten times less land to make the same amount of oil out of that and it is utilized so their solution is not to say let's stop palm oil let's go to something else. but it's to make sure that whatever we produce is going to sustainably and that's what the out of your comes into play the are a spiel is a voluntary organization and one that sets standards on palm oil production it has not committed to zero deforestation for the people and said village what they lament is the loss of the forest they say the land belong to the and system and should be that is for generations to come and that is our show for this week remember you can get in touch with us by tweeting me at asm seeker and use the hash

tag d.c. when you do drop us an email counting the cost at zero dot net is our address and as always there is more for you online at c.n.n. dot com slash c two c. that will take you straight to a page which has individual sports links and entire episodes for you to catch up on so that's it for this edition of counting the cost on has some secret from the whole team here thanks for joining us the news on the next.

arts. the latest news as it breaks they study math are going to be holding on for this right as they walk about about an hour to haul off in that direction we detail coverage black in america never before seen such a staggering number of refugees living in one country from around the world the project raised questions right from the very start that this entrance cost two hundred thousand dollars to build. leak. as europe's public opinion shifted pools for a slave brings up a mission and out of where human exploitation took on new homes as

a whole slate that became the hidden face of europe's industrial revolution the history of slavery is not a black history and it's not just the history of white colonization but the history of human inequality it is the legacy for all of us the slaveries new frontiers part three of slavery with us on al-jazeera. taxes rising ministries scheduled to close anjan tina's president confronts an economy in crisis. i am fully back to watching al jazeera live from doha also ahead china's president

pledges sixty billion dollars in financial assistance to africa international condemnation after a court in myanmar sentences to reuters journalists to seven years in prison. and where this term winding down mexico's president prepares to make his final major address to the nation. thank you for joining us anjan tina's president says he is taking emergency measures to control the slide of the pestle has had to backtrack on a major campaign promise and rein say dick export taxes on agricultural products. also announce that he will be cutting government ministries by half his requests at a fifty billion dollars relief package from the international monetary fund but the mall has sponsored widespread protests across the country but agree looking for.

cover what's missing during this transition that's become an emergency will ask those who have more capacity to contribute i'm referring to those who export in argentina that your contributions a great. deal of people who want to go in regard to our government team i've made the decision to reduce the number of ministries to list them half given the moment that's ahead of us i've decided to reduce my cabinet even more so we can give the upcoming agenda or a more focused response for these changes we're doing to our team and with the advances we're making with the i i mean we begin to overcome the crisis while always always taking care of those who need it the most with al-jazeera serious a ball has more now from us. well this have been tense days for most argentinians many of them are fearing the possibility of another crisis just like the one it happened back in two thousand and one when argentina defaulted on its sovereign debt and poverty rates were as high as sixty percent just

a few minutes ago there were hundreds of people protesting right in front of this ministry or almost six hundred people were laid off and those are some of the measures that the government of greece has started to implement here in argentina austerity measures to reduce the fiscal deficit that has become a problem for this country earlier this morning the government try to relaunch a government in a way because they were the most difficult days since modi marcie took office three years ago in his announcement the president spoke to the population explained what's been going on he also imposed once again export taxes on grains something that it was already implemented back during the government of former president cristina fernandez the cashier and he also announced that he was reducing ministries among other measures there's lots of skepticism about what this is going to achieve devaluation has continued i mean for what we know right now the u.s.

dollar continues to go up but nobody really knows what the consequences of the markets and allison's will actually be in the economy in other world news china's president has offered african countries a huge funding boost while also writing off some debt for smaller nations the measures were announced at the opening of a major summit with african leaders beijing has also denied claims it's knocking african economies into a debt trapped brown reports from china's capital. the flood of almost every african nation. in the great hall of the people. from a continent which china is consolidating its economic influence. president xi jinping pledge sixty billion dollars more in funding for africa that's on top of the same amount he promised three years ago he said a quarter of that would be interest free a way to possibly address critics who warn africa is at risk even from

a chinese debt trap. we do not interfere in the internal affairs of african countries impose our will on african countries or attach any political conditions on economic aid nor do we seek selfish political gains. cheese forty minute address brought a standing ovation this is a forum that will be free of public disagreement threats all goading tweets just smiling faces and apparent gratitude only one nation didn't receive an invitation to attend this forum swazi land now officially known as the kingdom of ace where teenie it remains the only african ally the taiwan has that the island republic the china regards as part of its territory in africa today it's hard to find a country not touched by chinese investment since two thousand the continent's been the recipient of more than one hundred billion dollars. and plenty of visits from

senior chinese leaders as well in total of seventy nine in the past decade including four by president xi since two thousand and thirteen. he though hasn't had to dance to woo african leaders unlike britain's prime minister to resume a in kenya last week also in africa then the german chancellor who was there to discuss trade as well both countries were once colonial powers in africa on monday south africa's president said this grouping didn't believe china was acting the same way in the values that it promotes. in the manner that it. impact. on african countries. if you. do nothing. and i

want to talk to this would have. a display of africa china unity but it would seem very much on china's top it's a dream brown al-jazeera beijing the mayor of jerusalem says he'll push to expel the un's palestinians refugee agency from the city on friday the u.s. administration announced it is cutting its funding to which five million palestinians rely on for food health care and schools and hear barack out who is backing the plan has accused the un body of failing those in its care and inciting terror activity i mean i have instructed staff of the jerusalem municipality to prepare a plan of action for the expulsion and closure of jerusalem i'll present this plan to the prime minister and the government of israel for approval to a plan to close down the schools and provide a better option for the residents as a foreign and under sr going to zation that has failed miserably. yemen's government has ordered a temporary halt to imports of luxury goods in an attempt to prop up the struggling

local currency people in the southern city of aden have been burning tires and rocking roads in protest against the deteriorating economic situation again many ryall has lost more than half its value since the saudi u.a.e. coalition began its offensive in twenty fifteen against the rebels yemen's president hadi meanwhile has arrived in the united states for treatment for heart condition he's had since twenty eleven living and living in exile in saudi arabia since the war broke out heidi will reportedly stay in the u.s. until the u.n. general assembly meeting at the end of this month. now governments around the world are condemning a decision by a court in myanmar to convict to reuters journalists of possessing state secrets the un's new human rights chief michel bashfully is calling their trial a travesty of justice while own entsch also or were arrested in december while investigating the killing of ranger muslims by me on my soldiers when he reports

instead of walking free while alone inch or so who were taken from court and back to prison throughout this ordeal the reuters journalists had remained defiant and positive and that continued even after hearing they'd been sentenced to seven years in jail no no no no this is directly challenging the democracy and media freedom of our country we will calmly face the situation with our best efforts in the appeal since we do not do anything we have no fear we are going to do our best to face it . the verdict was widely condemned reuters says it will not give up and is considering what steps to take next today is a sad day for me and maher reuters journalists were alone and chaucer who and the press everywhere these two admirable reporters have already spent more than eight months in prison on false charges designed to silence their reporting and intimidate the press. the journalists were arrested in december last year as they were investigating an arbitrary execution of ten reading in men by soldiers and militia the prosecution's case into don secret documents the reuters writer's head

at the time of their arrest but while lone inch or so to say they were framed testifying that those papers were given to them by the police who moments later arrested them it seems that in doing their job they had gone too far in the minds of the military that still the most powerful force in me and my family has been unfairly accused we have been convicted of breaching the official secrets act we performed according to media ethics we didn't do anything harmful towards our nation or we didn't commit any crime however they decided to convict us anyway. the verdict will heat more international pressure on me and mars leader aung sun suu kyi once a campaigner for freedom of speech and human rights she remained largely silent throughout the trial the government now has the ability to issue pardons for while alone and sure so to two journalists imprisoned for investigating a crime signaling the end of media freedom in myanmar wayne hay al jazeera bangkok

child stranded. al-jazeera english managing director he says al-jazeera joins other organizations around the world in calling for the journalists immediate release. so firstly i think it's a travesty of justice and it's a shameful attack on media freedom we stand by our reuters journalist colleagues and can condemning it and we call for the immediate and unconditional release we ourselves as al jazeera know something about this sort of attack on our media with how journalists ourselves imprisoned we have three of our journalists imprisoned for over four hundred days we launched an international campaign to to. to put it out there and to basically say that journalism isn't a crime they were eventually pardoned and released after four hundred days but there are still a journalist in prison in egypt from our sister channel al jazeera arabic who's been in prison detained for over six hundred days without formal charge it got

a lot of publicized we had presidents we had politicians we had international human rights organizations n.g.o.s press freedom campaign activists and organizations and other journalists as well including colleagues from reuters who who joined us in the campaign to free al-jazeera staff and under the slogan journalism is not a crime you can't lock up people to conceal and cover whatever nefarious actions you're doing you know you can't put john this behind bars still ahead on al-jazeera why women may hold the key to donald trump's face at this november and heartbreak in brazil as a fire at a two hundred.