which the electric switch was thrown, increasingly, cars aren't gassing up. they're plugging in fully electric cars like the new 2022, ford f, 150 lightning pick up. don't have internal combustion engines. so these days, there's a lot more room upfront after the media preview shows like chicago's face, a potential speed bump when the public is invited in for the 1st time since the pandemic hit. will they pull in and see john henderson al jazeera chicago. ah, how about the hour and these are the headlines argentina has the past 800000 coven 19. that's the last in american country to do so. in the last 24 hours, argentina record of 614, at new death symbols and 19000 new cases. those infection rates that have been decreasing is more people get vaccinated. but in the netherlands infections of

thought, 500 percent in a week. more than 50000 people have tested positive politicians holding an emergency debate in parliament to discuss the government's handling of the pandemic . prime minister mark router has apologized for ending almost all locked down restrictions which he described as an error in judgment. reveals president may undergo emergency surgery after being rushed to a 2nd hospital with abdominal issues. giant both scenarios team says he was brought thereafter complaining of chronic hiccups. monica, you know, give us more from rio, de janeiro was 10 days of continuous pickup, so it's just not just your years rule one hiccup and decides that he was in pain. and so right now he was, he was transferred from brazil, you arrived in so fall we were the best hospitals are and where he will be treated by the same doctors that that did the surgery on him after he was stabbed in the

2018 presidential campaign army reservists have been called up in south africa to help regular soldiers already out on the streets after the violence triggered by the jailing of former president jacob zoom in the city of durban has seen some of the worst buttons. the african taliban says it sees control of a major border crossing with pakistan follows weeks of rapids territorial games. the spin bo crossing connect kandahar city directly with the south west pakistan in the us as it will begin evacuating, ask and interpreters and other staff who helped american forces during the war starting and late july. the relocation flights offer africans have applied for the special immigrant visa program. the white house has been under pressure to find a solution for the thousands of afghans who helped with us. and why did nato force forces europe today with the headlines on out of iraq? counting, the cost is next going to resume conservation park office,

very bringing nature and people together to work with what like if my passion, my job is linking between the content that you need in the epic and you need to find out more about it as to teach the community living with one lives. it's excellent, elliot limbo, riding with elliot, my son, bob boy, on the news . 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 bit calling mining and trading while salvatore welcomes it. will the crypto currently provide an economic bonanza? become a gangsters paradigm? in the shadow of 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 cons, reinvent themselves for a green future. we talked to the chief executive of one of the world's most desirable. com. the news, 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. beijing says bitcoin disrupt, 2nd, omi quarter, and facilitates illegal acid transfers and money laundering. but china is also concerned, it would undermine the road out of its own digital currency. so why is el salvador 39 year old baseball wearing president nie a book kelly pushing the use of the crypto currency? well, here's 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. many governments have been able to print money to fund support, support 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 its reserves. remittances make up 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 your currency 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 tours town is home to a variety of small businesses whose owners all have one thing in common crypto currency. to do this, i think, i think they were

a tourist who 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. i'm doing. the success of the bitcoin beach project has boosted the popularity of crypto currency and salvador the government and nails big 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 informal sector workers into a 21st century economy. you know, lisa and banks are not necessarily, this is not the important thing. there are many salvadorans in this country that cannot use a bank because of thousands of requirements. el salvador now becomes the 1st country in the world to formally legalize the digital currency. the initiative was

led by l salvatore's president. now you book 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 point price fluctuation, 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 decentralize 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 for 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 and the countries expert, you can see that the, there isn't much of a reserve and the country is, is, is, are in the country because it doesn't have its own currency for live on the daughter as in terms of his currency. so i think in terms of pros, better, yes, you know, we could see as the economy growing, especially with 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 letty and right now the government is saying that it is great. just

a fund of 150, with a 1000000 in our, in around that particular mom. say you will, you will see you were things that a k 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 your bank refresher shows such a reserve that can shrink pretty quickly, or at the same time, it can sole massively as well if it tends to bitcoin for admittance, is might that threaten to dry off its pool? of dollars. yeah, exactly. so this is the main issue with respect to coin because the higher volatile if he, as of is discussed, i was discussing. so 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 end up in el salvador? so if we see another round of 2018 crash with respect to bitcoin, we could easily see our 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, of course is banding, mining of bitcoin. could we end up seeing, do you think those chinese mining machines end up in el salvador recruit certainly see that became an issue that we should see him. and of course we do have evidence of chinese mining machines. i'm moving to are going to texas as well. so, you know,

we are seeing that outflow from trying them in terms of mining to various as well. but outside of adobe, the respective thermal energy. i think that is the major figures among the bitcoin community. and if you look at the energy of issues currently being used from fossil fuel 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 has been used is coming from renewable sources, not from the fossil fuel sources. and so what would that do then to a country like l calvin door when it comes to its energy, consumption? patton, i think obviously a big crime is a very energy kind of a high energy consumption from the, from, from day one in terms of its mining. but currently there isn't any strong evidence

of the kind of the country chrissy or could face any of the black out issues. so that, that there isn't that there is no clear evidence in relation to that. so we don't really anticipate that can really happen to help us through the countries a economy our country would face any sort of those trouble in the future. we talk 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 bit coins already been mind. very interesting 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 its own sovereignty, but it doesn't have its 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. kaden's money really comes to money is andre issues or anything like that. i think given the fact that we have many regulators jumping into this space, we have an enormous amount of changes coming under the regulation. so that money laundering aspect isn't the really fast concern for any of any, any, any investors re, i finally line what you make of the i m s. concerns about this move towards bitcoin . like i am, isn't really going to say that doesn't great. let's go ahead and then you start using your reserves in, you know, moving away from my daughter and i start using bitcoin because if i am asking us the greenlight and then that goes back to your earlier question. i lot of other countries flipped by my say that okay, let's do that. but you know what?

that particular question by the, comes to us cor, press whether it comes to countries, whether it comes to portfolios, institutions, hedge funds, family offices, that is coming now. and there again, once again, there is a sufficient evidence right now given where the big one twice are now. and lot of that supply is being sucked up by these situations. and by, by some, some other sources of major other other players are really 2nd 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 green lice from from day one. yeah. okay, go ahead and then do your recess in big point. but i think the investors are very much keen because of the intriguing element, and the upside that been really produces that i have, and they specially that it is being dumped as

a digital gold. so i think every single day matters, the particular lands or i name is good talking to thanks so much under the silicon valley has long overshadowed europe with its tech titans, but last year, europe registered. it's 281000000000 dollar company that some achievement, but continental europe continues to lag behind the u. k for funding and in some cases, cities are being pushed out of the top 10 funding rankings. according to tank 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. i could change with the u. k. axis of the european union,

starting with investments like this. berlin based, we folks raised $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 tyco. 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 opposite is true, and still to day 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 ensure is munich already allianz the 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 policies are 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 the time was 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 european union 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 for the 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 is 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 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 and 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 and be we are going to offer not only a pnc insurance property casualty, we are today in motor house or 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 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. that's,

you know, that's quite an ambitious target. absolutely. our target to 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 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. super cars 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 mac will take control of one of the world's most story brands folks foggins 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 book on 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're 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 kind. we will have 600 units, only 250 groups and 250 rotor. and then there will be a phase of hybridization. and $23.24 for the entire lineup of all to won't be nice. so 1st the event a fall. what would be hybridize will be up like in high but,

but it will maintain our famous ve 12th engine. so there will be a new engine also in the hybridized card. 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 number gaining 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 phase,

so when we launch the also the car at the end of $24.00, we will cut you 2 emissions by at least 50 percent. and this is quite something. and then you generation, they want performance 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 their customers. 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. no, there is a electrification there. digitalization and then there's a lot of driving the 1st 2 are already on our table and they are very important for us in the future. if it comes to 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 it may be this in the future is going to be boring and drop it. so we will have a level of i 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 uncommon factors. but 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 engine to look if synthetic fuel can be on the

after 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, take it, we're launching of 1st electric car. and do you think your brand will be independent within the v w stable going forward? but inside the, the folks one group, 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 look for this year and the beginning of next year is a very positive one. we investing the highest amount ever 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, in the 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 binkle. man, you're welcome. thank you. and that's our show for you this way. quote is more for you online at al jazeera dot com slash pc. that'll take you straight off page, which i've been tiring for you to catch up on time. time is a than from the accounting because here, thanks for joining us. use an algebra is net. ah, news

news when a war crime is committed, is it came to go, how does it follows that goes in human rights investigator, on his unprecedented journey to the french high court? i says it, it really place to make sure that the information to bring its context, taking on the arms trade in his fight for justice, for innocence, palestinians and their families made in france on all disease. ah,

more than 100000 people have not died covered 19 in argentina, however, infections have been declining. ah, doha can all santa maria with the world news from alex's era in the netherlands covert cases of jump, 500 percent in the last week alone. and emergency debate over the government's measures following unprecedented purchase.