will also attend a native, somebody meet russian president vladimir putin engineer who's found the big business behind the beautiful game. as the european soccer championship kicks off, rob watts has a look at how the economics behind the euros or different this year. that's in business after the break. i'm terry martin. thanks for watching. the news. the news young immigrants they know the police were stopped. they knew that the route is not a solution. they know their flight could be like going back. he's not an option. peace ma,

i'm on and the other 2 are stuck in the spanish border area. alongside of other young people there waiting for a chance that will probably never come. shattered dreams starts june 18th on d, w. i the, it's all kicking off in europe. europe and football championships, also known as the euros begin this week, taking place in cities across the continent, or follow the money behind the beautiful game. and from stitched pitch, we'll look at the global operation that goes into making the sports key component, the football c t, v. business and robots in berlin. welcome to the program. now let's begin by

talking about your rows, the football in kind, not the currency. your 2020 finally kicked off on friday, having been put on hold last year because of the pandemic. it's always an exciting time, not just a european football fans, but for the countries hosting the matches it tends to be a lucrative and deaf. just take the last years, for example, hosted by france in 2016, 613000 visitors plus foreign teams and officials traveled spending across french cities. 1.2000000000 euros that out of the economy. and around 200000000 euro is spent. so for france, it's been a lucrative tournament. however, this time around all bets are off. you are 2020 matches are taking place in several european countries, not just one or 2 uncovered 19 means the number of fans in the stadiums will be kept. so can your as possibly be profitable this time round?

well, i'm joined by my colleague off the sullivan to answer to that question. so a very different your rose this time. how is it going to work logistically? well, exactly, right, rob, it's so different for so many reasons. the pandemic is the obvious one, but the central difference really is the fact that this is going to be an 11 hole cities was originally going to be 12, but now it's 11. that's mostly probably hard wired into our brains, major sporting tournaments take place in one or 2 countries and we get a sort of cultural advice based around the whole country. this time it's in 11 cities. so for example, it starts tomorrow night in rome, then you're gonna have matches over the weekend in places diverse is back. who's in petersburg, london, amsterdam. there's other whole cities like bucharest, budapest unit. it's all over continental europe. so logistically that is going to mean a lot of travel, obviously for teams and officials, but ironically a lot less travel for funds because of the restrictions and result of the pandemic . so it's going to be quite a complicated business to make sure that there is as as little risk of transmission

of coven 19 as possible was still facilitating. what is normally sort of a great big party. and teams are going to be in bubbles. and officials are going to be in bubbles, but funds are ultimately going to be somewhat restricted by the travel regulations . so fewer fans and spread out across the continent is that still space for an economic benefit for the countries that are hosting? truthfully, not really, i think that ultimately the impact of, of your 2020 is going to be more cultural than economic for a lot of these whole cities, a sort of return to something like normality. after all, the deprivations of the pandemic mean there will be a degree of bows in certain cities. i think london is going to probably see the biggest boost because it's hosting the semi finals on the final particularly thing and do especially well that will likely mean that there will be a great deal of economic activity around london. but obviously there's so many restrictions. so for examples, for example, a lot of the stadiums are much less than full capacity. only budapest is going to be open up to 100 percent of funds. and thus, not that as a knock on effect in terms of hotel rooms in terms of travel around the country we're used to seeing fund miles on funds owns and buyers packed during major

tournaments, people spending money. for example, you referenced france in your 2016 earlier, i think the study that was, that's all the france made up money and showed us visitors, on average, spent 8 days in the country spending around a 150 euros per day. so when you consider data and that was what they made at that time, it's going to be so much different this time around the some much few picked so many fewer people and obviously spending less money in non pandemic times. so those are the benefit countries that have massive tournaments in terms of p r. but is that the economic argument for it? increasingly it looks like no, there's not. certainly it depends on the term as a world cups have become extremely expensive to host the last 2 world cups. for example, in russia and brazil, brazil spent a fortune, was had to withhold money from essential public services. there's a lot of people, very angry with that in brazil, the years are somewhat different. if we look at the last few years, you are 2012, it's very interesting example. it was held by poland and ukraine. they invested around 30000000000 euros cumulatively. but

a lot of that money was very intelligently spent on infrastructure, on roads transport length, railways, airports and so on. and there's a longer term investment benefit from that because polling in particular had quite poor infrastructure. but since your 2012, it's been clear to see that there has been a far greater investment in poland as a result of the improve road network and so on, so forth. however, when countries tend to spend more on potential white elephant projects like stadiums that are going to be under used. well that's obviously not beneficial. so it ultimately depends, but the overall picture would say the euros are a lot more lucrative for countries to host because they tend to be hosted by countries that already have an established for planning for structure. for example, let's not forget the next yours would be in germany. germany has stadiums all over the country. there was a far less capital outlay than other countries. and the help of a very developed infrastructure network, so that's likely to be quite lucrative for them. office 11, thanks for looking into the money behind the beautiful game for us. now, all of this football would be pretty hard to play without the balls and supplying them involves the supply chain that criss crosses the globe. so when do i football

comple? seattle coat in pakistan. for decades, the city has been the world's largest producer of soccer balls. thousands of local people work in the industry. in the past, all the balls were sown by hand, but times have changed. at least at this company bowl game. it produces $160000.00 soccer balls a year, many in automated production. the industry used to be notorious. many workers took the balls home with them where family members, including children, stitch them by hand, or to get a month up, which in house we produce everything in house. and we only allow people who are a turner over to work in our factory in the company, in our focus is on producing high quality balls. it will, you have to achieve that. we have to provide more benefits and good wages to our workers or other benefit, or we just speak any birds in 2015 bowler game,

a was certified as a fair trade company, indicating that it meets international standards for working conditions. at derby star, which is the supplier for the german bonus leader. all the soccer balls are made in pakistan. at peak times, the headquarters in germany sends out nearly $100000.00 balls a month. the management here is satisfied that its partner company in pakistan, does not use child labor that's coming off and control it and then we can keep a check on that by ensuring that no soccer balls are produced in private homes. nearly 20 years ago, we opened our own showing centers where were able to monitor the process and they went up on the head of derby star in germany says soccer balls with fair trade certification are still the exception and are 5 to 10 percent more expensive. the bonus lee soccer ball isn't a fair trade product either. the call the fact

a percentage of fair trade balls is negligible. if they only make up about 45 percent of overall sales call megan. it's partly because the fair trade c o isn't just high profile in the industry, or amongst the clubs as we would all like it to be spoken sullivan back to pakistan and both gamer, the company says it wants to become a role model for the entire industry but managers here say customers aren't always willing to play ball and show out more for their product. let's take a look at some of the other business stories making headlines. joe biden is withdrawing donald trump's ban on new downloads of chinese and we chat and pick talk apps which never actually took effect. the former president's administration said they could allow beijing to access data from millions of americans. the commerce department will now carry out a review of potential security concerns and financial markets are closely watching

to see what happens. the pm central bank, which meets today, inflation is rising and everyone wants to know about stimulus packages or the euro zone. as it recovers from me at 19 so let's get more on that from financial correspondent in frankfurt. chelsea delaney chelsea. what are we expecting from the tv? well, the meaning is likely to bring very little policy changes. but the rhetoric, the discussions will be very closely watched the c, b is expected to keep interest rates unchanged. but the, the bigger tool that the cb has been using to really support the economy is bond buying. so they've been buying about 20000000000 euros worth of corporate and in government bonds every week. that's basically kept interest rates very low across europe. and it enables companies and governments and people to continue borrowing. they likely are going to to keep that level unchanged. but people are really going

to be watching very closely for what you see. the president christine regard says about her expectations for the economy as we start to reopen. and as we start to see inflation really take off the things expected to largely stay the same. is there any and inside the easy money policies? at this point, i think all central bankers think those discussions are much too premature. we are seeing economies start to pick back up as the vaccination rates also increases, but it's still a very premium. it's a very young and it's a very young recovery. so central bankers are really trying to balance these, these 2 trends we're seeing where the economies are recovering, but, but job rates haven't recovered to, to the same extent at the same time. inflation is really starting to increase in

part because the supply chain. what we've heard so far from most central bankers is that they think the inflation pressure is temporary, that it won't last, and investors at this point are expecting easy money policies until at least 2023. chelsea delaney in frankfort. thanks. now the right, the bitcoin has been extraordinary in a relatively short time, has gone from a dark web financing tool to legitimate trade is favorite. and this week, it took another massive step into the mainstream look for the bitcoin law as approve going around of applause, as el salvador becomes the 1st country worldwide to accept the trip the currency as legal, tender, mcclendon already quite popular here. except that at many small businesses, even at this sandwich, stand on the street, the o sante beach to be in a good is

a big tourist. so didn't bring cash and wanted something to eat. they asked if they could pain bitcoin when i didn't get the business, i thought this is a good strategy. i'm going to use bitcoin and i'm going to start collecting. i don't love the app and i started selling a lot more from there, which are my other shops in the area. also accepting bitcoin, even shop owners who had never heard of it before. like the business that brings asked for the risk involved. some experts see no need to worry. so yeah, you know, as long as there is someone who accepts payment in this case and bitcoin just as they accept dollars, there is no problem. i think the problem here is when you invest in bid con bright, because then you are subject to the extreme volatility it has, you see a special need need extended market

for many in el salvador, bitcoin brings opportunity, even if it's unclear how the crew to currency will trade and the long run and that's all for me in the business team here in berlin from or do you head over to our website. we dot com slash business. you can also find us on facebook watching until next time. the importance to the economy is huge, but getting hold of them is a dirty business. critical commodities make us mo bile make our smartphone smart. how can today's global hunger for lithium cobalt and more free satisfied me injury

will make love that way. i'm not going to have my own car. everyone with later holden every day. getting you ready to meet the german can join me. rachel, do it on the w, the me? ah, ah, ah, what the batteries, smartphones and even cosmetics have in common. right. they all contain silicon, rare earth methods, lithium and other such.