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00:00:09of
00:00:16You're watching TRT World, I'm Yashini
00:00:18a Padiachi with the reminder of our main headlines. Hundreds of
00:00:22flights out of Saudi Arabia's
00:00:24of capital are being cancelled after the main airport came
00:00:28of under attack for second day. One person was killed and 11
00:00:31wounded in attack on Sunday afternoon. The ansarala Hutis
00:00:35from neighboring Yemen are claiming responsibility. They say they were also
00:00:39behind Saturday's missile strike on King Khalid International
00:00:43Airport, which killed 13 and injured more
00:00:45than 300. An oil tank has gone up in
00:00:49flames after hitting naval mine in the straight of Hormus. The vessel was
00:00:53trying to get through the
00:00:54a waterway after deactivating its navigation system. Iran's
00:00:58revolutionary guard says. three tankers have hit mines and caught fire in
00:01:02the straight since Saturday. Israel's military
00:01:06is continuing to expand its so-called yellow line in the east of
00:01:10Gaza City. military vehicles advanced beyond their
00:01:13existing
00:01:14a positions of in of the shujaia neighborhood under cover of heavy gunfire
00:01:18and
00:01:19of shelling. The UN says
00:01:20of nearly two-thirds
00:01:21of the strip is inaccessible to Palestinians or subject to
00:01:25severe
00:01:26of restrictions. President Valadimir Zelensky says
00:01:30Russia has attacked Ukraine's energy facilities despite
00:01:33of of a truce announced by the US president.
00:01:36of Earlier, Donald Trump posted on social media to say Moscow and Keeve had
00:01:40agreed to stop targeting each other's energy infrastructure, but
00:01:44didn't provide further details. It comes days after Trump struck deal
00:01:48with the Russian president to buy large quantities of
00:01:51diesel. Pakistan's government has
00:01:54taken control of Kaiba Pakunqua province, the stronghold of
00:01:58jailed former prime. minister Imran Khan's party. Officials
00:02:02accused the provincial government of failing to tackle armed groups. The
00:02:06elected
00:02:07of administration has
00:02:08of now been suspended. They blocked
00:02:12all the roots by placing containers. Why have the roots been blocked? The
00:02:15public voted for them. Where is
00:02:18in democracy? Who is not implementing the constitution? Look here, wherever the
00:02:22constitution is not being implemented, you
00:02:24of should get it implemented. Why are you humiliating the
00:02:27public? And in India. the opposition align is
00:02:31expected to march towards the Supreme Court in the coming hours to support the youth
00:02:35lead cockroach movement. The proposed demonstration comes a day after the
00:02:39movement's leaders were released from
00:02:40detention. The news continues on
00:02:44TRT World.
00:02:47Intuitive, inclusive, informative. From
00:02:51the remotest reaches to the teaming
00:02:54Metropolises. The world is one click
00:02:57away. TRTworld.
00:02:59come
00:03:14of
00:03:20oil prices fall as Trump announces an energy cease fire has been
00:03:23agreed by Russia and Ukraine. Meanwhile, China extends
00:03:27its massive gold buying spree as a
00:03:29of dumps treasuries and
00:03:31of AI experts warn of human extinction by the year
00:03:3420100 as retail algorithms quietly and play
00:03:38daily grocery built. hello, i'm
00:03:41of with your business news here on TRT
00:03:42World.
00:03:54of of oil
00:03:57of prices fell on Monday as expectations of additional Russian diesel supplies
00:04:01eased concerns about global fuel shortages, but renewed attacks in the
00:04:05Middle East continue to threaten energy supplies and keep
00:04:08investors cautious. International Benchmark Brent fell towards
00:04:12$103 a barrel after two-day rally, as US President
00:04:16Donald Trump said his administration had reached an agreement for Russia
00:04:20to provide hundreds of thousands of tons of diesel fuel. He
00:04:24also claimed Russia and Ukraine had agreed to immediate cease
00:04:27fire on attacks against energy. infrastructure, although the
00:04:31details remain
00:04:32a unclear. On Sunday, Saudi Arabia's main airport was targeted again,
00:04:36while another tanker was attacked in the straight of wars, although
00:04:40crude exports from the Persian Gulf continue to flow at rates
00:04:44close to pre-war levels. That also weighed on stock markets across
00:04:48Asia with South Korea's Cosby, plunging more than 3 and a half
00:04:52percent. Meanwhile, the US dollar held near its strongest level
00:04:55in a year and a half as escalating Middle East conflict kept
00:04:59investors. worry ahead of key US inflation data later this
00:05:03week that will influence monetary policy. for more on this, let's
00:05:06cross to Francesco sassi who's a professor of energy politics at the
00:05:10University of Oslo. Welcome. back to the program, professor, now Brent
00:05:14Crude is easing after President Trump announced a major deal for
00:05:18Russia to supply diesel, but given the escalating geopolitical
00:05:22friction, how realistic is this supply relief and can Russian
00:05:25diesel truly alleviate the global fuel
00:05:28shortage? thanks for having me, first of
00:05:31all, let me say that Russia
00:05:34anticipated the embargo on fuel
00:05:38exports because the agreement with the U.S.
00:05:43so I think and it's logical to accept that Russia
00:05:47demanded some guarantees,
00:05:49some safety guarantees from the US in order to be able to export
00:05:53this diesel fuel not just to the US but to
00:05:57the global markets, this is what Donald Trump
00:06:01has asserted
00:06:02and at the same time you have seen off lifting sanctions on
00:06:06Russian refined products import
00:06:09until next April, so we are... speaking about
00:06:13six month window that could really
00:06:16shift the relationship between US and Russia and
00:06:20mid the war in Ukraine and the
00:06:24very likely possibility that Ukraine will continue
00:06:28to strike against Russian energy infrastructure because the
00:06:31sensitivity these infrastructures for the
00:06:35Russian war ch the f tr during
00:06:38the war but also because it global oil
00:06:43'ers
00:06:43are will continue to stay very high because the
00:06:47war around the street the moves between the US and
00:06:50Iran and there is incentive for UK to
00:06:54continue these strikes also because Russia has not start
00:06:58striking against right Ukrainian energy
00:07:02infrastructure right and we don't have many details about this
00:07:06agreement that Trump has announced between Ukraine and Russia but if it does hold
00:07:10how much relief could that provide'?
00:07:13Well, we are not able to see into this
00:07:17agreement because the strategic ambiguity is one the
00:07:20leverage the United States has been using not just against
00:07:24Russia, but I would say against global competitors, China,
00:07:28but also a moment where the
00:07:32western immunity in sanctioning the Russian energy
00:07:36exports that is really fragile. At this point there is a
00:07:40US behavior, a US policy. with Russia that is
00:07:43really the opposed one compared to the
00:07:47Europe behavior and we cannot
00:07:51understand right now how long this fire may
00:07:54hold or how great the supply from Russia
00:07:58will help with the US to somehow lower diesel
00:08:02prices internally, the US administration, the Trump
00:08:06administration has major interest in having a very short
00:08:10term impact from this agreement because the
00:08:13incoming
00:08:15um midterm elections and obviously the American energy
00:08:19dominance strategy, the agenda that has been there
00:08:23since Trump day one is now a peril because
00:08:26the rising prices
00:08:30with within the US, the markets are are right now
00:08:34pricing
00:08:36decreasing oil price
00:08:39within the US because the... with
00:08:43Russia, but it's likely that tomorrow we will
00:08:46witness another attack on energy infrastructures around the world
00:08:50that will upward will increase the
00:08:54upward global prices and then
00:08:58again it will present another political problem, a political
00:09:02issue for the Trump administration ahead the mid-term
00:09:06elections and over the weekend another tanker was attacked in the
00:09:10straight of rumors while Saudi Arabia's main airport. was targeted,
00:09:13yet crude exports from the Persian Gulf are still flowing at
00:09:17near pre-war levels, is the market
00:09:21underpricing the physical risk to infrastructure here, or has it
00:09:24become immune to this conflict?
00:09:28well, I think pressure gold states are
00:09:31learning by doing that
00:09:35exporting oil through the very unstable
00:09:39geopolitical situation in the area has.
00:09:43cost for these countries in terms of transport because they have
00:09:47to transship oil through the straight
00:09:51of moves under the US protection and sometimes
00:09:54Iran have been able to strike against tankers that
00:09:58are becoming more expensive to hire and just take
00:10:02on companies kind
00:10:04of bear the risk of doing so so we are
00:10:06seeing state interest and state acting
00:10:10and is hapting more directly into
00:10:14managing these flows, this has a cost,
00:10:18immediate cost for stated companies
00:10:21in Qatar, in Iraq, in Saudi Arabia.
00:10:25but also there is also the possibility that the kinetic warfare
00:10:29within the region will increase further the cost and this will
00:10:33have obviously negative effects for global oil
00:10:37prices. we are seeing instability
00:10:40mounting over another instability, the
00:10:44one of energy infrastructure, energy trade and supply
00:10:47chains and geopolitical variable that continue to
00:10:51append the free flow of global.
00:10:55oil and refined products, but also LNG from the straight
00:10:59of removed from the fire golf to the
00:11:02global and marketing. Professor Francesco Sasi
00:11:06from the University of Oslo, thank you very much for your insights. Thank
00:11:09you. China is
00:11:13doubling down on gold, extending its buying streak to the
00:11:16longest since at least 2015, and recent slump in
00:11:20prices could be giving Beijing a chance to buy even more. The
00:11:24people's. Bank of China added around 23 tons of gold in
00:11:28September, its biggest monthly purchase in nearly 3 years
00:11:31and demand is booming beyond the central bank. Gold
00:11:35imports topped 1,00 tons in the first eight months the
00:11:38year, hitting record 158 billion dollars
00:11:42in value, and the recent price drop may be offering buyers an
00:11:46attractive entry point. Gold fell more than eight% in
00:11:49September after soring to record highs of above
00:11:53$5,500. in January. The freezing of
00:11:56Russia's central bank assets after its war in Ukraine underscored
00:12:00the risk of holding reserves overseas. Against that backdrop,
00:12:04Beijing has been cutting its US treasury holdings, which fell to an
00:12:0818-year low of $618 billion dollars in July as
00:12:12it diversifies its reserves. Ordinary Chinese are
00:12:15also buying. The prolonged property slamp has weakened what was
00:12:19once key source of household wealth. It's also left families with
00:12:23fewer attractive places. to invest their savings, with options
00:12:27limited and economic uncertainty lingering, many are
00:12:31turning to gold. Let's speak now to Mark Oswald who's
00:12:34chief economist and global strategist at ADM investor services.
00:12:38Welcome back to the program, Mark. Now, why is China so aggressively
00:12:42chasing gold right now, and how much higher can this record buying streak
00:12:46actually go? Um, I'm not
00:12:50sure I would call it aggressively chasing. It's basically down
00:12:54to volume of trade, there's much less which
00:12:57is being done in dollars, so the rational for
00:13:01china actually holding the sort of volumes of treasuries that it
00:13:05used to is simply not there anymore,
00:13:09diversification as we've you basically central
00:13:13banks in in emerging markets above all in Asia
00:13:16have been looking for diversification, but keep on
00:13:20looking at things like the yen, the euro and finding there just
00:13:24not the... same sort of store of value that gold
00:13:28is um and so it's it's an actual
00:13:31shift in the portfolio structure um
00:13:35though it is also reflects a changing global trade.
00:13:39remember now that 50% of China's trade is actually
00:13:42denominated in Chinese Yuan rather than in
00:13:46dollars. Right and with the precious metal falling
00:13:498% last month is Beijing just smartly buying the dip
00:13:53here or is this price collapse? a warning sign that the global
00:13:56gold rally is indeed losing
00:13:58steam?
00:14:02um, gold, gold is caught between two
00:14:05forces: one, you've got diversification, on the other hand,
00:14:09rising us interest rates, particularly with
00:14:12us 5 and 10 year yields above 5%, and
00:14:16gold not giving giving offering any interest makes
00:14:20it less of less attractive in terms of
00:14:23opportunity cost. so
00:14:26um uh the other side of that is
00:14:30obviously what China does typically with any commodities, it doesn't
00:14:34matter whether agricultural, precious metals, industrial metals,
00:14:37energy, you it's always looking uh any
00:14:41setbacks to increase its stocks uh and
00:14:45tends to pull back when prices are high, that's a very standard
00:14:49practice which we've observed for 30 years right, and it's not
00:14:53just banks every... say Chinese consumers are also pouring
00:14:57their money into gold because the property market just isn't offering
00:15:01any returns. Does this massive shift signal a loss of
00:15:04faith in China's real estate
00:15:06sector? Oh, I think the loss of
00:15:10faith in China's real estate sector is very real. We've had property
00:15:14investment overall uh falling between 12
00:15:18and 20% every year for three years. Um,
00:15:22there there is no belief in the property sector. amongst the
00:15:25consuming consumers, and there are not enough
00:15:29measures being taken, because
00:15:32it would be a loss of face to rectify this,
00:15:35because the... of debt that's
00:15:39there in the property sector due to this slump
00:15:42is absolutely enormous, it requires something along the
00:15:46lines the resolution trust corp that happened in the US in the
00:15:50late late 80s and early 90s to try and resolve
00:15:53this, but that would be also an admission by the authorities in
00:15:57China that basically driving consumers into the
00:16:00property sector was to the extent that they
00:16:03did uh was not actually very clever and How else
00:16:07can China as you said diversify its
00:16:11portfolio given its ongoing economic
00:16:13problems?
00:16:17um, there's not actually much more in the way
00:16:21of diversification other than looking at the
00:16:25growing um, the the big emerging
00:16:28markets uh economies such as Brazil such as
00:16:32India, though there are obviously political tensions there with
00:16:36India, but looking... those as an alternative, but
00:16:40in terms of scale uh relative to
00:16:44dollars and gold, they they really only make up a
00:16:48small amount, but it's going to be in China's interest to actually
00:16:51hold some these, simply because of trade related
00:16:55needs for foreign exchange reserves. right, we will leave it there for
00:16:59now, Mark Oswalt in London, thank you very much for the
00:17:01voice, my
00:17:04pleasure, let's take a look at some other stories we follow around the
00:17:08world, global wheat prices fell for fourth straight day after Donald
00:17:12Trump said Russia and Ukraine had agreed to immediate energy
00:17:15ceasefire. The move raised hopes that black sea shipping disruptions
00:17:19could ease helping grain supplies flow more freely. Ukrainian
00:17:23president Vladimir Zelensky says Kief supports the truce, though
00:17:27traders are still waiting for official confirmation from
00:17:30Moscow. The IMF says
00:17:34strong spending on AI infrastructure is helping keep. global
00:17:37growth at around 3%. Asian economies that supply
00:17:41chips and other technology are seeing some the biggest
00:17:45gains, but the fund warns AI could also reshape
00:17:49about 40% of jobs over time. the fund says
00:17:53governments will need to manage the shift carefully so
00:17:57the benefits of AI are shared more
00:17:59widely. and china has sanctioned
00:18:03senior ministers from paraguay and belies over their country's
00:18:06ties. with Taiwan, the measures freeze any assets they hold in
00:18:10China and block Chinese firms and individuals from doing business
00:18:14with them. Beijing says the move is aimed at defending its
00:18:18sovereignty and opposing support for
00:18:20Taiwan.
00:18:25Halal may be the best known for food, but its business reach
00:18:28extends far beyond it, from tourism to banking and
00:18:32technology. In the UK, the London Halal forum is exploring
00:18:36how companies can tapping to hallow markets and attract
00:18:39investment to like all
00:18:42the reports for businesses looking
00:18:45to reach new customers, halal can open doors, it
00:18:49shapes what people buy, where they travel and how they
00:18:53invest. at London's queen Elizabeth the second center, the
00:18:56second London Halal forum puts those commercial opportunities on the
00:19:00agenda under the theme halal tayib for
00:19:03humanity. So the slogan of London Halal forum alway.
00:19:08we decided that for th for the first five
00:19:12editions to be for
00:19:14humanity, so which means halal
00:19:18with a high quality for all people, not just
00:19:22for muslims, technology is also on the agenda with an exhibition
00:19:26zone and a workshop exploring halal compliant artificial
00:19:30intelligence. you have some the biggest companies in the world like open ai
00:19:34and tropic, they are consulting with people like imams.
00:19:39faith leaders to understand what is ethical, so for us as
00:19:43entrepreneurs, as people as ecosystem enablers, halal is
00:19:47decision making, it's a way of life, it's the way that we operate, it's the
00:19:51way that we govern, it dictates everything, so it's not
00:19:55just you know capitalistic idea of revenue generation,
00:19:58it's also how do you govern ethically, that's what halal means
00:20:02in my mind anyway, last year's London Halal forum
00:20:06drew more than 1500 participants with over
00:20:1035 international speakers and exhibition boots from
00:20:14more than 10 countries. Muslim consumer spending
00:20:18across all hal sectors was $2.3 trillion dollars
00:20:22in 2023 and is expected to reach $3.6
00:20:26trillion dollars in 2028. That growth offers
00:20:30opportunities to businesses beyond the few dial. For businesses
00:20:34here, success will depend on understanding the consumers.
00:20:50compete with Billionaire Makashambani's low-cost of alliance
00:20:53Go. His comments come just days before Goo's parent company
00:20:57launches India's largest ever IPO, targeting evaluation
00:21:01of $106 billion dollars. Musk has accused the Indian government
00:21:05of delaying Starling's entry to favor reliance, claim
00:21:09New Delhi denies. Meanwhile,
00:21:13the European Union plans to cap hybrid car imports at
00:21:16350,000 vehicles year from December. as it
00:21:20tries to protect local manufacturers. The limit will apply to all
00:21:24hybrid imports, not only those from China to stay within world
00:21:28trade organization rules. The deal also includes China cutting
00:21:32some tariffs on auto parts and easing duties on certain
00:21:35products. And power has been
00:21:39restored to eastern Cuba following a partial grid failure that left
00:21:43several provinces without electricity. The outage comes as the
00:21:47country struggles with fuel shortages and aging power plants
00:21:51making the grid more vulnerable and rolling blackours can already
00:21:55last up to 20 hours a day, disrupting businesses,
00:21:58water supplies and phone
00:22:00services.
00:22:09Palestinian farmers in the occupied west bank are vowing to defend their
00:22:12land from illegal Israeli settlers who stole half their
00:22:16harvest and some farming equipment on Sunday. The farm.
00:22:20ainabr tried to harvest their olives but only
00:22:24managed to fill 15 bags before being pushed back by Israeli
00:22:27forces who fired stun grenades muhammad has
00:22:31more it's their land,
00:22:35their farms and their olives, yet the Palestinian
00:22:39farmers face a brutal battle every autumn to access
00:22:43them under the shadow of Israeli guns and illegal
00:22:46occupation, together the residents of in
00:22:50the occupied west bank set out on Sunday to harvest their olive
00:22:54trees, keeping alive a tradition known as
00:22:57Alona, where people help each other pick the
00:23:00crop. Another reason for this unity is to protect their
00:23:04land from illegal Israeli settlers who have taken over large
00:23:08areas. Israel has declared the area a closed military zone,
00:23:12preventing Palestinians from accessing their own land, for
00:23:16this land owner, even trying to access his property,
00:23:20could lead to arrest he has chosen not to show his
00:23:23face feeling
00:23:24detention. we have come to harvest
00:23:28our own olives. these are our village trees inherited from our fathers
00:23:32and grandfathers. thank god our spirits are high because we are
00:23:36standing on our own land. we are not here to steal or harm
00:23:39anyone. they are the ones coming to us stealing our
00:23:42harvest. residents had been on their land for just an hour
00:23:46when illegal settlers attacked. minutes later israel
00:23:58Illegal settlers ramped the village council's vehicle
00:24:02forcing it off the road, attacked residents and tried to
00:24:06run people over, they then trave stones at olive pickers from
00:24:10higher ground, while Israeli forces fired stunt
00:24:13grenades at the Palestinians, illegal settlers
00:24:17were seen cutting away the stolen olive harvest. and heading towards
00:24:21the top the mountain they had previously taken
00:24:25over, the Palestinians have been forced to leave, but they remained
00:24:29determined to return and harvest their olives. what happened here reflects
00:24:33a wider pattern across the occupied west bank where i legal settler
00:24:36violence continues escalate. across the
00:24:40occupied west bank, more than 10 attacks are reported
00:24:43daily with illegal settler stealing olive harvests in front
00:24:47their owners and using equipment. to speed up the
00:24:51process, according to the agricultural ministry,
00:24:55losses to palestinian's olive sector have
00:24:57exceeded $157 million dollars since
00:25:012023 with around 286,
00:25:05olive trees damaged in the west bank, the ministry fears
00:25:09these losses to rise as the harvest
00:25:12continues. mhammed alwan, trt world,
00:25:16ramallah, the occupied west bank.
00:25:20Meanwhile, new report warns that the misuse of AI could threaten human
00:25:24survival by 2100. The technology is already changing
00:25:27how businesses set prices with supermarkets and fast food chains
00:25:31using data and algorithms to adjust costs and target
00:25:35consumers. The shift is raising concerns about fairness and how
00:25:39inflation is measured. The Lance Commission has identified
00:25:4317 catastrophic global threads over the next 75
00:25:46years. The malicious use of AI, including by weapons and
00:25:50nuclear conflict top the list as the only risks capable of
00:25:54causing outright human extinction by 2100.
00:25:58Meanwhile, food businesses are rapidly digitizing. McDonald's is
00:26:02facing... a US anti-trust lawsuit over an alleged AI
00:26:05powered pricing engine, while supermarkets like Kroger, Walmark and
00:26:09Tesco are rolling out electronic shaft labels and inventory
00:26:13apps that allow for rapid real-time price changes.
00:26:17The line between market driven dynamic pricing and personalized
00:26:20pricing is vanishing. Retailers can now leverage AI to
00:26:24track transaction histories, browsing behavior and even
00:26:28facial recognition to estimate the maximum price in individual
00:26:32consumer. is willing to pay. Bank of England economists
00:26:35warn that individualized pricing splinters the consumer
00:26:39experience. If households are charged varying prices for the
00:26:43same goods based on their data, aggregate measures like
00:26:46the consumer price index become strained, making true
00:26:50inflation nearly impossible to track. For more on this, we're
00:26:53joined by IT commentator Arthur Goldstack who's in
00:26:57Johannesburg. Welcome back Arthur, now the report puts AI alongside
00:27:01nuclear war as an extent.
00:27:03but right now consumers are dealing with AI at grocery checkout so
00:27:07regulators to focused on these apocalyptic sci-fi scenarios
00:27:11while missing how algorithms are actively shifting the daily
00:27:15economy? thank you, there's no
00:27:18question that the alarmist headlines are distracting
00:27:22attention from current issues, and what we have to bear in
00:27:26mind there is that the launch report identified
00:27:2917 areas or major? threats to
00:27:33human health over the rest the
00:27:36century and the most
00:27:40severe extinction events that identified
00:27:43with nuclear power and AI, so the headlines are
00:27:47all around AI nuclear power and equating the
00:27:51impact of AI with nuclear power, but what is made very
00:27:54clear in the report is if you read between the lines and
00:27:58if you read the fine print of course which headline writers don't use,
00:28:03uh is the fact that this is based on the worst
00:28:06case scenario if nothing is done about it and the very fact that
00:28:10economists are warning about AI pricing now
00:28:13and we are already seeing action being taken and
00:28:17potential anti-trust action or regulatory
00:28:20action or fines being levied for personalized
00:28:24AI pricing tells us that lot these issues are being
00:28:28addressed right now there is
00:28:31attempt. by some administrations like the United States
00:28:35to keep their hands off regulating AI
00:28:38in order not to hold it back, but at the same time there's
00:28:42an equal thrust towards punishing companies
00:28:46that allow AI to go rogue for example, or that
00:28:50violate personal privacy or the rights
00:28:54of consumers, and the AI pricing issue
00:28:57is a very clear violation of consumer rights,
00:29:01so I this will be addressed, but the other element that we must
00:29:05bear in mind with regard to the launset
00:29:09extinction warning is that it requires a
00:29:12massive amount of coordination between different
00:29:16sectors and across different infrastructure to make those
00:29:20doomsday scenarios possible, and I believe
00:29:24that much will be done in the meantime,
00:29:27whereas we're not really focusing on current problems causing
00:29:31major health. issues like pollution, which the World Health
00:29:35Organization says is responsible for 7 million deaths a
00:29:38year, that's really severe consequence, and it's not getting the airlines
00:29:42that should because the Doomsday scenarios. The Bank of England
00:29:46says personalized pricing could break our ability to
00:29:50measure consumer uh prices. If everyday
00:29:53household uh goods
00:29:56are effectively has its own inflation
00:29:59rate, how can central banks possibly? set effective a
00:30:03monetary policy? guess the central banks will
00:30:07use AI to help and come up with new frameworks
00:30:11for measuring inflation, but the more serious
00:30:14problem is how consumers can budget their own household
00:30:18expenses, if they don't know what the price is going to be
00:30:22between deciding what they need and getting to the supermarket or
00:30:26even going online and seeing that price changing in
00:30:29real time it becomes exceptionally difficult to manage. uh finances
00:30:33and for that reason I believe that there will be clamp down on AI
00:30:37based personalized pricing right
00:30:39and we will have to leave it there for now Arthur Goldsteck in Johannesburg thank you very much
00:30:43for speaking to us
00:30:44thank you well that's the business
00:30:48news for now thanks for
00:30:49watching
00:30:58a journey across a dynamic continent
00:31:03Africans,
00:31:04you want to be prosperous, don't think of.