we won the championship and we are very happy and recovery buddy was upset over how english fans booed during the italian national anthem and saw a greater symbolism to live in lucy. it gave me the sensation that they were leaving the european union for a 2nd time. ah, the larger meaning is there for many. still the victory that will live on and most italian hearts. in mind. adam rainy al jazeera rome ah. type of quick check of the headlines here on here at least 58 people are dead and dozens injured after fire swift threat. cobra, 900 isolation board in southern iraq. the fires now under control in the city of nasiriyah. it's the 2nd hospital fire that's killed cobra, 1900 patients in iraq this year would have to wine as more now from bank that the reason for this is the same that happened in a pretty,

in the near the hospital. and but that badly stored oxygen cylinders being get miss used the know the prevention measures no proper equipment, no safety equipment, no safety measures. that's according to many people, including health officials, south africa, the army has been deployed to protest triggered by the jailing of former president j consumer turn violet. at least 6 people have been killed in hundreds, arrested during days of bribes and looting in 2 provinces. the current president has won, the unrest could lead to shortages of food, and dozens of texas. democrats have left the state to prevent new voting restrictions from being passed. if the latest escalation in a battle with republicans have used them, majorities in state, capitals do introduce measures making it harder to vote england with almost all

current advice restrictions from next monday, despite case numbers rising to the highest levels in months, all legal limits on social contact will be dropped, large venues, reopen and work from home. guidance will also come to an end. cuba president, his beaming outside forces and us sanctions for provoking the biggest anti government protests in 3 decades as anger over worsening economic crisis. and the government's handling of the con, demik, scientists in australia say they've developed a pain free way to test blood sugar levels in people who diabetes. it uses a non invasive strip that checks glucose levels ref person saliva research or say the material which detects glucose can be printed at a low cost. it's hope the method will replace the current needle based flood test. so those are the headlines and continue to 0. now to 0. after counting the cost states you thumbs watching by phone, an extra judicial killing and

a north african capital. i heard someone breaking into our house. i heard people shouting so full masked men for not only the eyes and hair were showing 0 will his red eye witness accounts of the dramatic story of the assassination of major p l. o. figure kelly was here in a secret israeli operation. assassination in tunis on al jazeera. ah, hello, i'm sam is a than this is counting the cost and i'll go look at the world of business and economics this week. china band, bitcoin mining and trading. while l. salvatore welcomes it. will the crypto currently provide an economic bonanza, become a gangsters paradigm? in the shadow of the silicon valley's tech giants and wall street money can europe

deliver more multi $1000000000.00 companies? we talked to the ceo of one of germany's rising star, can gas counseling, super cause reinvent themselves for a green future. we talked to the chief executive of one of the world's most desirable. com, i, as el salvador became the 1st country to make bitcoin legal tender. china was clamping down on trading and mining the crypto currency that took huge chunks out of its price. and valuation paging says, bitcoin disrupts economic order and facilitates illegal asset transfers in money laundering. but china is also concerned, it would undermine the road of its own digital currency. so why is el salvador 39 year old baseball wearing president nie a bouquet, pushing the use of the crypto currency. well, here is 3 big reasons of salvatore is

a dollar eyes country. it doesn't have its own currency interest rates and monetary decisions by the u. s. federal reserve have a huge impact on l. salvatore's economy. what does that mean? take the pandemic and the governments have been able to print money to fund support for poor families, but a country without its own currency can get its own central bank to bytes debts. it has to resort to international investors all the world bank and i m f bit con, enables it to diversify reserves. remittances may come almost a quarter of el salvador, g d p. but traditional transfer companies charge fees, which means it's losing out on money. what about the downsides? why wouldn't you consider it for daily use, for example? well, the huge fluctuations in the price of bitcoin is one reason. if you can say, can lose so much value in a day. people will lose confidence when they see the value of the savings evaporating. it's not easy to cash out of bitcoin to,

although salvador is creating its own wallet and offering $30.00 to anyone who signs up to the at financial institutions will need to hold more cash. just in case there's a run on banks because of the volatility of bitcoin will. that means there's less cash in the economy to fund the growth. there are many other concerns, credit rating agency fits said bitcoin would increase regulatory risks. there's the potential for violations of anti money laundering and terrorist financing standards . so how did this idea gain traction? manual report reports from the small salvador and beach town where crypto has been part of daily life since 2019 the this is a soon to know locally as bitcoin beach. this small salvador and tourist town is home to a variety of small businesses whose owners all have one thing in common. is crypto currency. to do this, i think and i think they were a tourist to didn't bring cash,

would come and say they wanted to eat something and they asked if they could pain bitcoin. i said to myself, this is a good strategy. i'm going to use and i'm going to start collecting. i downloaded the app and i started selling a lot more on the success of the bit coin. beach project has boosted the popularity of crypto currency. salvador, the government announced bit point would become legal tender. therefore, the law of bitcoin is approved. supporters of the measure say the new law represents a vote of confidence in using block chain technology to bring in formal sector workers into a 21st century economy. you know, somebody and a banks are not necessarily, well, this is not the important thing. there are many salvadorans in this country that cannot use a bank because they have thousands of requirements. el salvador now becomes the 1st country in the world to formally legalize the digital currency. the initiative was

led by all salvatore's president. now you bu kelly on twitter, he called the passing of the big coin law historic. in the short term, this will generate jobs and help provide financial inclusion, 20001000, the formal economy and in the medium and long term, we hope that this is small decision can help us push humanity at least a tiny bit into the right direction. there are also critics who ward of the risks of bitcoin price fluctuations, momentum. the moment bitcoin becomes a legal currency problems appear, including and it must basic use which is a form of exchange. and this is related to the volatility of the price of coin. while some also ward that legalizing and decentralized digital currency could be wielded as a tool for corruption, bitcoin believers in sante and across of salvatore, say the new law will only increase financial inclusion and has the potential to spur economic development. well, joining me now via skype from london is 9 i slam 9. is the chief market analyst

with have a trade good to have you with us. so do you think the move towards bitcoin is good from salvador? good fritz economy. thanks for having me. i think there are pros and cons money comes with this particular view because if you look at the dollar info and the daughter expert has in the countries experts, you can see that the there isn't much of a reserve and the country is, is in the country because it doesn't have its own currency, it relies on the daughter as in terms of its currency. so i think in terms of pros, better, yes, you know, we could see as the economy growing, especially the mining sector really kind of taking off. but at the same time, you also have to think and factory and the enormous amount of a while until it he and right now the government is saying that it is great. just

a fund of 150, with a 1000000 in our in around property. their mom say you will, you would, you would think that ok, given the want to tell us that we have seen around bitcoin, how quickly can that really shrink? i mean, if you are thinking of providing iniquity to the bank with such a reserve that can shrink pretty quickly, or at the same time it can. so who are massively as well if it tends to bitcoin for remittances, might that threaten to dry off its pool? of dollars. yeah, exactly. so this is the main issue with respect to bitcoin because the higher volatility as of is discuss i was discussing. so, you know, if we see another round of 2018 crash with respective bitcoin, we could easily see the liquidity pools which are being created by the country to

running into some serious sort of trouble. and remember the debt to g d p ratio is already running at 90 percent. and china at the same time course is banning mining of bitcoin. could we end up saying, do you think those chinese mining machines and up in el salvador recruit certainly see that became an issue about doing 100 g efficiency. and of course we do have evidence of chinese mining machines. i'm moving to or going to texas as well. so, you know, we are seeing that outflow from trying them in terms of mining to various possible well, but outside of adobe, the respective time of energy. i think that is the major figures among the bitcoin timidity. and if you look at the energy of issues currently being used from also for you and from the renewable sources, you could clearly see from,

according to several different ripples that has gone and sort of past that 51 percent mark, meaning 51 percent of the energy which is being used is coming from renewable sources, not from the fossil fuel sources. and so what would that do then to a country like l, how the door when it comes to its energy, consumption. patton, i think obviously big coin is a very energy kind of a high energy consumption from the, from, from day one in terms of it's mining. but currently, there isn't any strong every day in the country, chris c or could face any of the blackout issues. so that there isn't that there's no very clear evidence in relation to that. so we don't really anticipate that can really happen to the countries a economy our country would face any of those trouble. the future, we're talking about el salvador, you know, as the 1st country that makes this move, can it be a model for other countries though, especially when you keep in mind?

well, i think 80 percent of the coins already be in mind. the very intriguing question, and i'm going to go back to my opening statement because that countries in any position because it doesn't have it has his own sovereignty, but he doesn't have his own currency relies on daughter. so i think that kind of very much answered the question, how many other countries can really adopt that? do you think it'll open up the economy there to money laundering and other issues? i think that particular aspect has always been very much associated bitcoin from day one. by remember, dollar money really comes to money is andre, and issues or anything like that. i think red, given the fact that we have many regulators jumping into this price, we have an enormous amount of changes coming under the regulation. and so that money laundering aspect isn't the really fast concern for any of any, any,

any investors re, a final line. would you make of the i m s concerns about this move towards bitcoin? like i'm isn't really going to say that that's great. let's go ahead and start using your reserves in, you know, moving away from my daughter and i thought using bitcoin because if i am asking us the greenlight and then that goes back to your earlier question, a lot of other countries slip, i might say that, okay, let's do that, but you know what that particular question by the comes to us core press, whether it comes to countries by that comes to portfolios, institutions, hedge funds, family offices, that is coming now. and there again, once again, theresa sufficient evidence right now, given where the big one qualifies are now. and none of that supply is being sucked up by the institutions and by part by some,

some other sources for major other other players are really apply. why? again, because of diversification. so if i am going back to the original one, if i mean i m f isn't really going to get the glean lice from from day one. yeah. ok, go ahead and then do your recess in big coin. but i think the investors are very much team because of the intriguing element, an upside, that big con really produces a tab, and they specially that it is being dumped as a digital gold. so i think every single matters, the particular lands or i name is in good talking to thanks so much me. silicon valley has long overshadowed europe with tech titans of last year. europe registered. it's $281000000000.00 tech company that some achievement. but continental europe continues to lag behind the u. k for funding and in some cases it cities are being pushed out of the top 10 funding

rankings. according to tech nation, the u. k is catching up to china on the tech investment front. venture capital investments reached a record $15000000000.00 in 2023 c investment into london tank was more than paris . berlin and stock home combined at 10600000000 in 2020 u. k. cities made up 20 percent of the top 20 european tech cities. now i could change with the u. k. exit of the european union, starting with investments like this. berlin based, we folks raise $650000000.00 from investors and what it called a record breaking round for a so called insure attack. so let's find out more about we fox with its chief executive julian tiger. good to have you with us. so if you're looking usually for car insurance, home insurance, you'd go to a recognized insurance company, maybe a website, but you're actually now selling insurance through agents, right?

i thought we've done away with that. what's happening? well, it's quite the opposite to be honest. many people say insurance agents are depth. we say the opposite is true. still today, 9 out of 10 insurance policies globally, a sold by human agents and instead of focusing on the one out of 10 policies and make it easier or better, what we say is the big potential isn't digitizing the 9 out of 10 policies and investors understandable the much bigger potential, i think our fundraising of 650000000 just recently announce is a signal for this approach being a very good approach to disrupt insurance on a global, on the global dimension. interesting. some of the biggest insurers munich already allianz there, german right, is that helpful when raising money to be part of a specialist hub? there is a big tradition of european insurance companies making a global. and if we look at we fox, we have started off in germany, and we are now in more european countries. our ambitions essentially are

global, and they are the same as that's also in the u. s. 9 out of 10 policy. so sold via human agents, also in asia, 9 out of 10 policy, the sold via human agents. we want to continue the tradition of european insurance company really shaping insurance on a global scale. but generally speaking, european capitals have lagged behind when it comes to raising money from venture capital. right. why is that this time is over? so the last 20 years and the u. s. and asia were clearly in front of your but what we see recently with amazing fundraising rounds from germany, but also from europe. the time is over, the capital is pouring into europe. europe is going to be the winner of the next 20 years. and with insurance, we have one of the biggest areas to disrupt and we believe that the disruption

globally will come from europe. and we have at the right point in time, we have the right talent, we have the right to skills, and we now have the capital to really make an impact globally. do you think britain's exit from the aeroplane unit might change any of that forecast? absolutely not. so britain, of course, has made a decision and that slows down essentially the development in the u. k. we, for example off, have the difficulty off and not having the advantage of selling our insurance policies under a single european license. now also to britain, we will focus on further european countries in the u. u. first before going to britain. of course, britain is an interesting market for us as well, but it makes things a lot more difficult capital. it's pouring into the u less so to britain,

the u. k. has kind of temporarily lost its crown is the biggest share trading hub. do you think momentum will suggest that the money will follow? i do think. busy that, that's going to be the case for us. we well finance at this point and we really focus essentially on how can we disrupt insurance and take the customer experience that has made us successful in europe and globally. and what we're going to invest our capital in is essentially further geographic expansion. 8th at b, we are going to offer not only a pnc insurance property casualty, we are today in motor house or, and liability insurance. we're also going to offer and life insurance and health insurance and create a single policy, a single coverage for all of our customers. and the 3rd piece i think is most important. it's really innovation of the core of insurance. and so we're going to

invest into turning insurance from what it is today, a pretty boring product that we today made a little bit better by digitizing everything and making everything real time. but it's still insurance. it's still a product. and what we're turning insurance into essentially is a pro active product that is going to help you prevent bad things from happening. and this is possible through the rise of i o t data. and we want to do that, but that's, you know, that's quite number's just target. absolutely. our target is current. 30 percent of all risks happening from our customers. if you look at the history of insurance and you see the same development and commercial insurance. so in factories, for example, ensure us have already taken a lot of preventive measures in the last decades and the same development. now through the i t data revolution, and by 2025,

every human on earth is going to own around 15 devices that are connected to the internet. and this prevention will also come to personal lines insurance. so we have a i team and that's working on what we call we focus prevent. and that works on increasing your awareness about your general, but also your immediate risk so that you have an increased awareness about your risk situation and you reduce your risk. and this is a win win situation. insurance is going to become cheaper because of reduced risk. customers are going to be happier. they're going to live longer and they're going to live healthier. and insurance is going to become more profitable. it's a win win situation for customer and the sure, and we want to be spearheading that development where we, fox, the only thing you left out there is we will all live happily ever after. thank you for that positive outlook. let's hope it comes through. thanks. so much for your

time. thank you very much. and finally, here's something we can all aspire through. supercars or hyper cars. but these manufacturers recognize they need to change as the world moves towards reducing emissions. a little known creation electric hyper car start up re mike will take control of one of the world's most storage brands. volkswagens begati remark began life in a garage in 2009. it is growing to become one of the industries leading technology providers. its electric and battery systems can be found in aston, martin and jango cars. it's upcoming remax navarro is expected to be the fast this car ever built a title previously held by the god tissue wrong. well my next guest is the chief executive of lam beginning, which is owned, of course, by volkswagen. stefan binkle man joins us now from santa got about a navy in italy. good to have you with us. so you are launching what's being

described as the last of and todd or is that an acknowledgement that the world is changing that the future is for electric pallet cars. first of all, we are celebrating allow them to lower because it's the last of a kind. we will have 600 units, only 250 coups and 250 roads. and then there will be the phase of hybridization, and $23.24 for the entire lineup of won't be la mortgage. so 1st, the event of the fall would be hybridize, will be plug in hybrid, but it will maintain our famous ve 12th engine. so there will be a new engine also in the hybridized chart. and that's the problem is we are making to our customers is that the new generation of cars is always to be better than the one before. and especially when we speak about performance. this is a math. will they still found us? good? yes, they would sound very good because they will keep our famous engine,

as i said, with the v 12. that will be this incredible sound and also the feeling of a real lumber. i. so it sounds like you're saying, when you, you keep saying, i'm going to keep the v 12 that there's going to continue then to be a niche market for the petro purists like me. right? we're not a dying breed then. now because we have putting 2 things together because at the end of this hybridization face, so when we launch the also the car at the end of $24.00, we will cut the c o 2 emissions by at least 50 percent. and this is quite something and then you generation, they want performance for one enzyme, but they also demand for sustainability. and i think that this is a good step that we have the words match together. busy and we will ask guys which are still fulfilling the dreams of the customer. as you probably know,

must tesla is introducing more and more autonomous features. is this something that hyper cost super cars are going to have to go down that road as well? right now, 3 mega range nowadays electrification. there's digitalization and then there's one on the driving. the 1st 2 are already on our table and they are very important for us in the future. if it comes to was driving it, if it helps in the traffic, if it helps for active and passive safety. but we will always have a steering wheel and we will have always feature that you can shut off. those helps because it's important when you step into a lumber again, if you sit in alarm or you need to do it because you want to enjoy the dr. but the situation where maybe this in the future is going to be boring and drop it. so we will have a level of don't know me, all of them was driving, which is not influencing the joy and the fun of driving a car like this. so how will lam beginning evolve then given what you said in the future, how will you retain some of your, your key ingredients,

especially as restrictions green measures become tighter and tighter on com manufacturers. by, as i said, the 1st step is now hybridization. we are going to have a 1st full electric vehicle in the 2nd half of this decade. we think about 2027, which will be the 4th model of lumber gaining. we will continue to look into what is feasible with the combustion engines to look if synthetic fuel can be turned off the 2030. but the new line up, which is going to be launched in 23 and 24th, is going to fulfill the regulations and did the end of this decade. and then as i said in the 2nd part of this, they can, we are launching of 1st full electric or do you think your brand will be independent within the v w stable going forward? but inside the, the folks on route, every brand has its own positioning. and the value of number getting grows

immensely in the last decade. and i think that the business is very good. we have an order bank of 10 months of production covered with customer orders . so also the outlook for this year and the beginning of next year is a very positive one. we investing the highest amount and invested in the future of this company. it's 1500000 euro until the end of 2024. and then we are looking into electrification and i think that this is a good match for the folks law group because we are covering for the old segments with the brands we have in the india group. i'm sure many young boys out there will be happy to hear that lum beginning will be around in the coming green the decade to thanks very much, stephan winkleman. you're welcome. thank you. and that's our show for you. this

week is more for you online at al jazeera dot com slash ptc. that'll take you straight to the page, which has an entire ask you to catch up on time time is a than from the accounting. the cost here, thanks for joining us. use an algebra. ah frank assessments is an argument for suggesting that by the ministrations playing a long game, it's very much of a warm embrace. the iran nuclear deal because of us domestic politics, informed opinions, schools and shelters have been reduced to rubble. how do you think this shapes a generation and the politics in their life has been shape? why vitamin the in depth analysis of the dates global headlines inside story on our jazeera nuclear guides dying disproportionate numbers on not ever leaving

behind widows who struggled to survive. one o 8 means the ship, a women define tradition to conquer the world's pars bounce on, i was 0 the. ready news hello, i'm down, jordan and joe. reminder the top stories head on out to 0, a fire swept through a corona, virus isolation ward in southern iraq, killing up these 58 people and injuring dozens. the blaze prompted angry protests. katelyn told, yan reports the lifeless bodies covered the floor of the hospital board in the iraqi city of nazi the most of the victims headquarters at 19. but it was a flyer that kills a relative or no place where the green pen. i tend to find the one

moments before this was the scene.