down while displaying a single colored panels that gathered by combined to become brazil's national flag this dramatic fate was a show of support for the country's national football team head of the forthcoming world cup finals in russia. more world news for you at the top of the hour how the homefront will be here with a look at the economic impact of approach in some places presidency in just about this is due to. global inequality. what does inequality mean in a globally connected well. known to the media. join the discussion and have. done each event as global media forum twenty eight. every journey begins with the first step and everyone reaches the first word which can equal the cohesive germany to fund german. business first why not

resume. its simple online on your mobile phone and for a. soft. w.'s if you learning course comes free german meeting c. . russia's ready made bruited is sworn in for his fourth term as president business leaders expected to deliver on promises he made to revitalize the economy. coming off it would reach peaks doll box think again this is a pace the u.s. giant over seven billion dollars to sell its coffee into husbands. and how the megan mark will spot polish shining the spotlight on a small brand. of welsh cheek. this is your business update on having

a home free in berlin good to have you with us to be uprooted and has been sworn in again as russia's leader after eighteen years in power and he's beginning his first forty eight at the kremlin with promises to revitalize the country's economy growth is expected to reach one point seven percent this year investors say resurgent oil prices of bolstering the economy despite western sanctions. putin's economy needs to modernize if it is to be a global player in the future. russian president vladimir putin can point to a number of positive economic developments during his time in power inflation has been kept low public debt to all while the standard of living has increased but he says there's more to be done in the world for more. oil structural problems and make sure our economy grows faster we need new sources of growth production needs

to become more efficient business need to be modernized we need new technology in manufacturing. so i'm assuming we looked at no. one area where new technology is already in use is in russia's oil and gas industry the energy sector is hugely important for the country's economy accounting for almost sixty percent of exports in other areas though russia struggles to compete on the global market as in the past several years the government's focused on promoting major industries some would say to the neglect of small to medium enterprises government spending has risen to seventy percent of g.d.p. . this big gold rush made it possible to put painful but necessary reforms on ice reforms are always associated with risks because they lead to a temporary drop in the standard of living in the. german investors appear willing to do business in russia many of them are bringing new technology

with them too there are challenges that. one zeitz does nothing for russian remains an obstacle here in russia but not as much as it was ten to fifteen years ago corruption has slipped down the ranks to place for five in terms of disruption to business this is definitely a very positive trend and the biggest problem is too much red tape and a lack of financing. or what have you feeling to finance your pouring money is still expensive in russia the banking sector has been in crisis mode for years bush's military operations abroad in places such as syria are also expensive money for modernizing infrastructure at home remains scarce. as russian celebrate the arrival of spring analysts are wondering what putin will do to foster a new era of economic growth. if he saw

a starbucks coffee shops were everywhere there's definitely no getting away from them now swiss food giant nestlé best known for its instant coffee ness cafe struck a mega deal with starbucks buying the rights to sell the company's products for more than seven billion dollars. coffee is a record league rowing market and the competition is fierce nestle hopes this make it alliance with starbucks will reinvigorate the brand the swiss food giant will pay for the rights to market and sell starbucks products outside of starbucks chains like in restaurants and supermarkets this unit of the business currently generates starbucks around two billion dollars in annual sales mislay will pay around seven billion u.s. dollars for the rights the u.s. is the second biggest coffee market after the e.u. with a share of sixteen point three percent nestlé has announced it will take on five hundred starbucks employees who will continue to manage the business from the u.s. and the coffees won't be affected the deal is yet to be approved by the regulators

. and we can cross to our financial correspondent now daniel frankfurt daniel nestle's traded on the s.m.i. in zurich how did investors over there and in frankfurt where you all take the latest nice well in fact a very positive shares of nestle went up during today's a trading day to a level of one point six per cent they are optimistic that the deal could be done already by the end of this year and investors are hoping for more synergies between the companies and at the same time cost cutting we have to remember that starbucks has been struggling during the last time even announcing that they would close some of their coffee shops in general though the coffee industry is considered by export as a very fast growing industry interesting numbers the average german buys about four point two kilo's off coffee every year and those numbers even most likely to go up also in this they will benefit

a lot since they will have more access to the north american market we just heard of it's number two after europe daniel what does this mean now for coffee lovers in general does this mean even more starbucks dominance. well i second this is the fear that a coffee prices could even go more after and there are actually already at the moment just you might wonder how much even they could go up a small cafe latte here outside at the frankfurt stock exchange it's already costing more than three euros if the deal gets rid of the starbucks coffee shop customer won't notice a big difference products sold inside off the coffee shop will be still sore directly from starbucks but when you go to the supermarket looking for your favorite starbucks coffee to take to your home all of this could be managed and sold from nestle or identical for us in frankfurt thank you the survival of air france is on the line the strike is pushing the airline on the

brink of bankruptcy and the government says it won't step it shares close to west ten percent lower. as the strike is biting hard on money and fronts union members walked out for a fourteenth day ignoring warnings that they could put their employer out of business the dispute has cost the airline three hundred fifty million euros so far . many crew members don't agree with the union though they showed up to work and helped france avoid an all out disaster with the majority of flights able to operate. and then when you can you know you will like our customers we don't want them to go to the competition and we want to get out of this slump now if you do this stuff to see if. this slump refers to the airlines chronic problem while british airways and of tons of have already undergone heavy cost cutting air france like behind in restructuring the current strike about pay increases isn't helping. c.e.o. show marks and i accept down on friday night after work at rejected

a wage offer of seven percent over four years. thirteen days of strikes and more than two months of conflict if we can there from putting in jeopardy its performance and its future is a huge waste that can only make our competitors rejoice and make our alliances more fragile and disorient our teams. and. the strike is yet another headache for president manuel michael as he attempts to revamp france's economy for him wage restraint and an end to special privileges are key to creating a more flexible workforce but the unions think they've got the upper hand. most secure we want our new president to be open to dialogue. we're asking for a much more open mindset and sharing in social dialogue. the dialogue may not help much given the precarious state air france is in. the. last one

still suffers from an economic disease a lack of productivity stiffness verticality in the management it's a company that has to adapt itself to the market to the constraints of the market and to consumer expectations for it was that only. as the strike continues more flights are set to be cancelled and as air france is bottom line weakens so does their ability to meet wage demands. now whatever members or seem to be members of the british royal family web media attention is sure to follow suit when the fiance of prince harry meghan markle wore a pair of welsh chains to visit cardiff the company found itself swamped with a lot. the sleepy town of cardigan on the irish sea coast could be on the brink of an economic revival a local company which makes denim jeans has rocketed into the global spotlight after meghan markle disappeared cardiff with her fiance prince harry. underneath that coat the royal bride to be was sporting locally made denim the world's media

noticed. national newspaper phoned us up and said can you confirm that. is where. i'm. like that was a really cool moment for nearly four decades cardigan was home to a factory that made thirty five thousand pairs of jeans a week for u.k. retailer marks and spencer but in two thousand and two production was shifted to morocco to cut costs overnight four hundred people lost their jobs here that's ten percent of the town's population. in twenty twelve david hyatt decided that cardigans existing skills base made it the ideal place to open a factory making high end jeans denims twenty employees make just one hundred fifty pairs of jeans a week the company now has a three month waiting list for orders. you make and where not to has given everybody like confidence that actually we can achieve the dream of

getting four hundred dollars back. it may be no coincidence that michael wore hiatt jeans on her visit to wiles david hyatt is no one for sending free pairs to celebrities who he knows will wear them in the public eye but that doesn't mean the town of cardigan is any less proud of its homegrown small town jeans. that's it you're up to date with the latest from the world of business i'll be back in the next hour with more right now here's a look at the global markets at this hour seizing. so i'm. going to a. going to.

play the i'm. going to. come to a. come. on the scene the sing along. using setlist mention of. the netherlands close to protection project is the only one of its kind the world is a gold coin club sampling come to britain by the forces of nature they help to protect the coasts. tomorrow today.

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so come to. the source of luck. because a mugger struck. monsoon starting may twenty third come to dublin. into tomorrow today coming up. this month how green once could profit from climate change. made to mention but frames from a three d. printer. at no cost of knowledge a model for future c c's. welcome to the show. will.