thought it was a nearby volcano could erupt again soon. it's the 2nd time of the weekend, the residence to flight, the city of to show up today to get what else will have will well news at the top of the hour, rob watts has your business update the next day. the news news . the news. it's been ongoing quest for the spring began in 2011. people stood up against correct rulers and dictatorship

hopes for more security, more freedom, more dignity, have their hopes been fulfilled. 10 years after the era spring, a rebellion starts june 7th on d. w. the holding corporations accountable for abuses by the suppliers. germany's rulings coalition agrees on a new supply chain law. companies will have to make sure that product without harming the environment for workers rights. also going to go some cold and green goals, but advocate as a currently doing a boring trade on the black market will meet the south african families spicing the fruit and after years of suspicion and sanctions from the west, iran and says

a sweeping new partnership with china, but ordinary and rainy and summer box in berlin. welcome to the program. germany's governing coalition has agreed on a new law and at stopping human rights abuses, cross global supply chains. companies would have to ensure that that's why we're biting by both labor and environmental, who some industry groups to criticize the legislation, arguing it's impractical, affirms they can have thousands of the 5 scattered around the world. it passed by parliament companies violating the rules could face fines. will be excluded from public contracts starting from 2023. tell us more is our reporter chelsea delaney. just explain just what this will actually mean for businesses. well, the goal of this is to stop the situation that we've seen over the past the past

decades, where companies something able to say, you know, that's not our problem. we don't know what's going on in the supply chains and the suppliers really far away. what this would basically require these companies to do is look at their supply change, which can really stretch the entire world and figure out who their suppliers are. and whether they're abiding by environmental rules by human rights rules, whether they're using child labor, whether they're paying workers fairly as or for a lot of companies, this will require really drastic changes. they'll have to put up and perform these new systems where they are checking the compliance with all of these new with all of these new procedures. other companies, especially the big multinational like time lar, adida, is sort of already have started to build up departments like this, fighting environmental hom and pieces of work, right. seem like a good thing. but nevertheless, this law has been controversial. it has been very controversial in part because of

how difficult a task this really is. if you think of a large company, dime one, for example, they have 60000 suppliers and that would, and the idea of this law, they would have to check every one of those and make sure that they're not violating any of these rules as that there is an idea among some businesses that this is just impractical, but it's going to make german businesses less competitive internationally if they have all of a sudden these new bureaucratic cost, all of these new things they have to do that it will make them have to race prices and things like this, the german government is saying that they're, they're trying to reduce some of the bureaucracy. this will only apply firstly to companies with more than 3000 employees later will imply to apply to people with companies with 1000 employees or more. but it also says that this is going to be proportional, so companies will be responsible for their direct business for their 1st line suppliers. but after that they'll,

they will have to respond to the complaints they've received further down and their supply chain. the business services will be feasible if it supplies globally. so are we expecting other countries to get on board? particularly in europe. i think that is something we will see soon. france and another one's already have logged like this. and the e. u is coming forward with a proposal for a similar legislation probably by this summer it could go into effect maybe 2020 to 2023 as well. so there definitely is a lot of a lot more discussion over laws like this that we could see playing around the world. chelsea delaney reporter, thanks to bring it now the global van and of a card, a sales is a bonanza for many exporting countries. but the green gold is, it's sometimes known is also attractive to thieves in places like south africa, organize gangs or a burden on the industry, which is calling for stiff penalties. a convicted fruit,

steve's private security guards patrol of the of a car fuse of sending a small town in the north of south africa, mary jacobs and his team on the look out for potential thieves. they check around 20 plantations each night. of us getting go call it getting got something that was very easy on the black market and farm is not on innovative. we close the $25.00 picked her best farm, knows that only 2 well an export, some one and a half 1000 tons of condos, mainly to europe every year. sieves have struck you around 20 times over the last few years, despite huge investments in fencing and private security firms. even a farm of this size can't afford to hands itself off entirely,

says pharma adrian ernst, smaller firms even less so. at the same time, the gangs are becoming ever more professional in the past, the generally going to be a situation where people would come in and steal the fruit and sell it next to the road. nowadays, it's getting washed, backed into proper boxes, shipped with proper transport, proper markets and organized markets. even the harvests begin in march. packaging facilities are running at full capacity, but it's also high season for thieves. the farmers are now calling for more help from the government. if that can be hot to people who are taking things unconditionally is den will be safe. but as long as the penalty it's, it's right. everybody come and do it every one to do so that it must come from

the government. the promise very that their own security measures will only be effective for a limited time until the thieves come up with new strategies for getting their hands on south africa's green goal. now for look at some of the other business stories making headlines, nigeria has signed an agreement with some of the world's largest oil companies, including shell, and exxon mobil. couldn't billions of dollars of investment in an offshore oil field. according to the nigerian national petroleum corporation. a g area is africa, the leading oil producer and exporter. the number of people in the u. s. meeting claims for jobs benefits dropped sharply last week. i just over 400000. that's the lowest level of the panoramic so far with the u. s. economy growing as a robust annual rate of 6.4 percent in the 1st quarter. many employees struggling to fill vacant positions and the u. s. in china have held their 1st conversation on

trade since joe biden became president. china said the phone call was frank pragmatic. and constructive china is pressing by having to unwind his predecessors, paris, but disputes over the us trade deficit and chinese human rights abuses remain are known as the green link and aims this killer germany to clean energy supplies for the future. a 600 kilometer cable connecting the energy grid of germany and norway has just been inaugurated the mega projects known as north link will enable surplus energy from german solar and wind farms to be used to fast by norwegian demand. meanwhile, norway's hydro electric plants can now support germany's grid when there isn't enough sun or wind around. the link is a key part of an energy transition plan by the german government, in addition to north link for other energy routes in the pipeline there intended to ensure that will be enough electricity to go around. even when germany has closed.

most of its nuclear call and gas fired power plants. but let's hear from german chancellor angler merkel on she's been speaking as nord link isn't the greatest. he had an oil, i don't. every new link helps to provide supplies of renewable energy and from florida to the regions with consumed. what does that means increase assurance of supply opposition linked to not link that will take place across the board. us to leave all you but the lender, german chemicals make a buyer, says it will not increase the $2000000000.00. it's put aside to deal with lawsuits every round of weed killer. the company however, says it'll review its plans to settle 30000 separate claims by is trying to limit the future legal risk of the product which claimants say causes cancer. the company says that the link is unproven. on wednesday, a judge in the u. s. rejects advised proposal to offer compensation in exchange for

limited loss. now as western nations work to revive the nuclear deal with around china has been strengthening its own times with the islamic republic in march, beijing, until ron reached a deal to trade chinese investment for iranian oil. but that's concern over china's growing influence that from both outside of iran and with china's presence in iran is on full display on the streets of tehran, john gunn, duncan and jack. just 3 of the chinese color brands available in the country and they're gradually replacing european models. it's a reflection of iran economy says cyrus resolved. he runs a consultancy firm into iran and advisors foreign investors. since the us left the nuclear deal, he has lost 80 percent of his european clientele. a gap in the market that china

has been quick to fill you on is decided that he cannot wait forever for g c p. away or put a break through between you on the west, the development of the country cannot wait. at the end of march, china's foreign minister visited iran and signed a massive deal that involves beijing investing around 330000000000 euros over the next 25 years. the focus will mainly be in the energy transport and telecommunication sectors. in return, iran will provide china with cheap oil, but some iranians are skeptical because we haven't been told the details of the deal. i don't think it will be good for the way everyone's talking about it. it sounds like the government has told us that the chinese government budget code are going to i hope that we, the people get something out of the deal. otherwise deals like this are of no use to us. iranians are facing a number of challenges,

unemployment and inflation. arising. the currency is down. more and more people are falling into poverty. and the new flagship stores are filled with chinese products that are too expensive for many iranians. the benefits of chinese investment have been of little help to cyrus resolve his company, but that may change. he also hopes european firms will return to iran with a lot of our top business leaders and engineers have been educated in places like germany and austria. and for so they have this affinity for european quality, 40 european innovation. and for the way of doing business with europe. at the moment though, that's all still a way off for now people in iran are hoping that the economy will rebound and that

daily life here will become easier again. and i saw from the business team here in berlin for more to head over to our website dot com slash business. you can also find us on facebook and twitter, w. thanks for watching. and until next time, the news the fight against the corolla virus pandemic. how has the rate of infection in developing what the latest research information and contact the corona virus. 19 special next on dw, how fight is one test on families to become pharma engineer? every one of them has a plan, the initials for your children, in your case,

the children who have already been boy and you and those that will follow are part of a new process. but they could be the future of calais, columbia granting opportunities, global news that matters. d, w, made for mines me. the mass list, no social distancing inside brazil's president, here goes to narrow leads a motorcade through reach and arrows. while the health care system struggles to cope with 16000000 covered cases and nearly half a 1000000 dead. since the pandemic began for me, please me, are.