touch people's hearts in a way the statistics come out. this is d.w. good news on my phone but it will have more world news at the top of the hour of business updates that steve in just a. what secrets lie behind. discover new adventures in 360 degree. and explore fascinating world heritage sites. d.w. world heritage 360 get maps now. we're going to unofficial estimates more than 1200000 venezuelans live in colombia legally and illegally. already at all why we're trying to.

to visit friends and i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. witness global news that matters d. w. made for mines. spotify spins big for one of the world's most popular podcasts and a platform known for music streaming transform itself into the netflix of audio will take a look. also on the show deutsche upon shareholders are accustomed to bad news and this year is no different divisions are out things that have thanks to the pandemic . and europe's farmers are struggling to get their usual farm help these days some are now turning to machines but it's not cheap. this is your new business report i'm stephen beard's in berlin it's good have you with us $100000000.00 that's the

reported value of spotify has exclusive licensing deal with one of the world's most popular podcasts the joe rogan experience is expected to bring millions of listeners to the audio platform driving ad revenue and subscriptions now it's the latest move by spotify to strengthen its podcast portfolio to purchase 3 production companies last year and paid almost $200000000.00 for sports media company the ranger earlier this year. let's go to our financial correspondent ends court in new york yes that's a massive sum of money $100000000.00 for a podcast what can you tell us who is joe rogan and how is the podcast worth this much. well pretty much she is the most successful pop koester in the united states was roughly $190000000.00 downloads each month and he's estimated through sponsorships and other kinds of. income that he made about $30000000.00 just

past the year he is a bit of a controversial figure he talks to everybody on the left and on the right to people from the entertainment industry or also. u.s. companies like tesla. for example a good one and a half years ago so yeah he's the most successful and now he's selling for $100000000.00 to spotify. yes does this mean the podcast are turning into a media force in the us. well it already is to a certain degree all around the globe purport costs are in general rather simple to produce technically at least it's not that expensive and it's also rather easy to distribute them through the internet but the field of thought because it's very crowded and it's not that easy to really make a lot of money out of the old punch cards so in that sense joe rogan is at least

for now pretty unique but if you look at the overall industry ad revenue from parked cars in the u.s. alone increased cost here by 42 percent to roughly $680000000.00 so some money obviously can be made to through at store sponsorships and i forgot to mention how joe rogan started out to him he was a stand up comedian then he became a commentator for martial arts fights and then he started his part because obviously very successfully. obviously $100000000.00 of their force in new york thank you. let's go to germany now where dorothy bond has told shareholders that they'll have to wait another 2 years before seeing any dividends at the annual general meeting c.e.o. christian savings said germany's biggest lender is in good financial shape but has to push ahead with restructuring to bolster profitability our financial correspondent chelsea delaney sent us this from frankfurt. this year was supposed

to be different for each bank after 5 consecutive losses the german lender hope to finally got a profit this year after announcing a massive restructuring last year but the current crisis that all into question. it's biggest wary a wave of customer defaults the biggest problem for deutsche bank in all banks is really going to be bad loans so they've set aside about 500000000 euros to account for people not paying back mortgages people not paying back debt that they owe but they likely already see more trouble ahead on that front as more businesses do go bankrupt at the bank shareholders meeting today c.e.o. christiane saving admitted that corona virus would have a disruptive and past which a bank has restarted the process of cutting 18000 jobs and shareholders will lose out for the time being the size of a life unfortunately that means this year and next we will not be recommending the

payment of dividends. to georgia banks make it off easy compared to other banks at least you know credit has set aside 1300000000 to cover bad debt in the u.s. for nearly 40000000 people have lost their jobs j.p. morgan has more than $8300000000.00 stockpiled to cover losses but even that may not be enough as the global economy has for recession. or let's take a look at some of the other business stories making headlines around the world an expresso forces soldier and his son have been arrested in the u.s. for assisting former nissan boss carlos ghosn and his escape from japanese custody go on was stuck out of house arrest last year flown out of japan and into beirut where he remains he faces charges related to underreporting his income and denies all accusations. consumer products maker johnson and johnson will stop selling its how based on baby powder in the united states and canada it said the man had fallen

amid questions about the powder safety and a barrage of legal challenges the plaintiffs have claimed for decades the traces of us best those in the talk causes cancer. aerospace engine maker rolls royce plans to cut some 9000 jobs globally as it grapples with the collapse of air travel due to the pandemic a company spokesman said the british government is ready to support the sector as well as help those affected by the layoffs. greece's that's restart its tourism season on june 15th and gradually restore international flights beginning in july rather beginning july 1st to bolster its economy the country's tourism minister said a list of nations resuming flights would be announced by the end of this month last year greece welcomed over $34000.00 visitors. and germany is moving to tighten regulation of its meat industry after a flare up in corona virus infections in several slaughterhouses sparked a storm of criticism and the government today agreed on

a draft law that would force meat plants to stop hiring foreigners on short term contracts the move is in response accusations that eastern european workers were being exploited to keep the price of meat low. in germany meat has always been a serious business the average german consumes more than 50 kilos of it per year over half the population eats meat every day to keep their product cheap firms rely on cheap labor in particular workers from eastern europe they often live in cramped accommodation and in the factories they work in close proximity that has led to breaks more than 600 meat processing workers have tested positive for the disease now the government says it's time to take action. and meat industry is an important sector country. in germany for a business model which relies on exploitation and risk spreading this pandemic.

slaughtering and butchering will now have to be done by employees not sub contractors that should make it easier to enforce hygiene rules and checks on meat plants will be more frequent the measures could help improve things during the pandemic but some say what is needed is a more profound change in the industry. i'm. focused on producing ever more ever more cheaply the conditions animals are camped in and the continual postponement of improvements for animals and all that now needs to be addressed. higher standards could mean higher prices but would consumers be willing to pay. to pay more actually yes i mean i don't want to have low standards i don't want people working in dangerous conditions if enough germans think the same one result of the corona pandemic could be a healthier and safer meat industry in the future. and saying in the food industry

barton is one of the few german asparagus farmers who invested in an automatic harvesting machine years ago other growers used to tease him but this year his decision is paying off because travel restrictions have curbed the number of migrant workers available for harvest and a berlin plan to fly them in hasn't quite panned out for everyone. montane vonda is lucky compared to many other german asparagus farmers he's invested in a machine that allows him to harvest asparagus with far fewer field hands many of whom have stayed away this year during the 1st 2 weeks we couldn't have started harvesting without the machine the crew that said they were coming this year never showed up and. without our machine we would have had to delay the asparagus harvest for 2 weeks but the asparagus doesn't stop growing and that would have been a disaster for us for survival so the farmer deployed his asparagus harvester the construction lifts the entire mound where the asparagus is growing onto

a conveyor belt a crew of harvest workers collects the white shoots up top. the sifted earth is then formed into a mound again behind the machine so that new asparagus can grow. the occasional special flights with farm hands from romania do arrive in germany. but the paperwork alone costs the farmers both time and money for the organ is it still one of on the farms are responsible for the bureaucracy and for making sure that everything runs smoothly they're responsible for health checks and transport and farmers are the ones who book the seasonal workers he says on the alberts cuffed. but there aren't enough of the much needed laborers about half of the existing demand on workers according to the farmers association makes it to farms in germany and students working part time don't help much either the perils of farming asparagus this year have been too difficult to calculate he called one up on me i

think it's the corona pandemic has shown us what happens when workers don't show up . and the situation is going to get worse in the near future so. the machine said wagner back $80000.00 euros he's had it now for 10 years and it's paid for itself many times over. it's quite likely that harvesters like these will be a more common sight in germany's fields in the near future. and that's it from me in the business team here in berlin you know find out more about these stories on lot of d.w. dot com slash business and souvenirs like thanks for watching. the

selling sexism. pink is for girls and blue is focused on industry makes lots of money with gender stereotypes. the women and saying that. so some business is now in. conformity. made in germany. on t.w. . this woman is defining the regime.

one must move has been searching for her husband and son for years both might be victims of syria's secret service now there is a ray of hope suspected henchmen of all. on trial in germany. some good spun. 60 minutes total and. we know this is a scary time for us the coronavirus is changing the world changing. so please take care of yourself keep your distance and wash your hands if you can stay at how we do w. are here for you we are working tirelessly to keep you informed on all of our

platforms we're all in this together and together to make it fit in stay safe everybody. stay safe and stay safe the priest is facing. the. pink fungo is blue for boys it just drives me crazy i gotta write gender cliches there ingrained in our brains from a very early age.