more efficient, the leave is to share those with the algorithms survive interest scenarios. absolutely not. future wars, stories of june 10th on these w the, it's all kicking off in europe and football championships, also known as the euros begin this week. taking place in cities across the continent will follow the money behind the beautiful game. from stitch to pitch, look at the global operation that goes into making this votes key component, the football this is d to be a business robot. and berlin, welcome to the program. now let's begin by talking about your own,

the football in kind, not the currency. your a 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 for your p in football fans, but for the countries hosting the matches it tends to be a lucrative and death. just take the last year as for example, hosted by france in 2016, 613000 visitors plus foreign teams and officials traveled spending across the french cities. 1.2000000000 euros. that's out as the economy and around 200000000 years spent. so for france, it's been a lucrative tournament. however, this time around all bets are off. your 20 twenties 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 the your as possibly be profitable this time round?

well, i'm joined by my colleague office sullivan to answer just that question. so a very different your rose, this time. i wasn't gonna work logistically. well, exactly, right, rob, it's so different for so many reasons condemning the obvious one. but the central difference, really, the fact that this is going to be an 11 hole cities was originally going to be 12. but now it's 11, as 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 to modernize in rome. then you're going to have much as over the weekend in places diverse as back who's in petersburg, london, amsterdam, this other host, and he's like bucharest, budapest, munich. it's all over continental europe. so logistically that it's going to mean a lot of travel, obviously for teams and officials, but ironically a lot less trouble for funds because of the restrictions. and there's also 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 code 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 the ultimately, the impact of your 2020 is going to be more cultural and economic for a lot of these hosts. and he's a sort of return to something like, no matter the, after all, the deprivations of the pandemic. i 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 knocked out 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 fund zones, and buyers packed or

a 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 $8.00 days in the country spending around a 150 years, hours per day. so when you consider dash, 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. it's a world cops have become extremely expensive to host the last 2 world cops, for example, in russia and brazil. brazil spent a fortune was they had to withhold money from essential public services. and there's a lot of people who are younger with that and the years are somewhat different. if you look at the last few years, your 2012 is a very interesting sample that was held by potent and ukraine. they invested around 30000000000 euros cumulatively. but

a lot of that money was very intelligently spent on infrastructure, on roads transport links, railways, airports and so on. and there's a longer term investment benefit from that because poland 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 as beneficial. so it ultimately depends. but the overall picture would say that your roles are a lot more lucrative for countries to host because they tend to be hosted by countries that already have an established for infrastructure. for example, as not forget, the next job would be in germany. germany has stadiums. all over the country, there was a far less capital o clair 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 supplying them in both the supply chain that criss crosses the whole globe. so where do both come from

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 give up, which in house we produce everything in house. and we only allow people who are a winner over to work in our factory and then they can 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 the other benefit or the other. we just

speak of the bird 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 bullish 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 is partner company and pakistan does not use child labor coming to go find control in 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 sewing centers where were able to monitor the process and it puts us on the head of derby star in germany. so 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 enter the call the for the percentage of fair

trade balls is negligible. they only make up about 4 to 5 percent of overall sales, a coffee mega. it's partly because the fair trade c o isn't just high profile in the industry, or amongst the clubs, and as we would all like it to be spoken to elevation, 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. moving away from soccer now and soaring, inflation is on the minds of investors is basis whether a tailing off of central bank stimulus is on the way to get to clues on that from today. from the european central banks latest policy decision and from you inflation data in the us. let's bring in our financial correspondence in frankfort . chelsea delay need to discuss this a little bit further. chelsea,

why are we seeing inflation growing in europe in the states? 2021 has really brought the perfect storm for inflation across the world. one of the big factors has been the rise and global oil prices up about 40 percent this year. that's a major component of consumer prices. so that's a major reason. another big reason is, is just because economy, they're starting to reopen here in europe. in the us, we are seeing businesses getting back up and running things like airline tickets, hotel room prices for dining out. all of that has gone up quite a bit. and the other reason is the sort of chaos you've seen across global supply chain, things like semiconductors are in very short supply. so that has also driven up the prices for things like automobiles and consumer electronics to how are we expecting the pm central bank in the federal reserve in the states to react to this changing picture? well,

so far as central bankers have been basically unified behind the idea that these increases are temporary, they are quite dramatic. the u. s. is expected to report a 4.7 percent increase in in consumer prices later today. that would be the highest number since 2008. but a lot of those factors like energy prices, like, like price increases due to supply chain constraints, should start to eat most central bankers. think years ahead as well. the scars of the pandemic on the global economy are still not quite known. there's still millions of people in the us who haven't gotten their jobs back here in europe as well. many people remain on short time work schemes. so central bankers are going to want to wait to take this stimulus back until they know that the economy is really on solid footing. chelsea lane, frank, thank you. now let's take a look at some of the other business stories making headlines. us president joe

biden is withdrawing donald trump's ban on new downloads. if the chinese owned apps, what we can pick talk, which never actually took effect, or the former president's administration said they could allow beijing to access data on millions of americans. commerce department will now carry out to review potential security in the us as partnering with pfizer on by, on tank to donate $500000000.00 covered $900.00 vaccine doses over the next year by the by on tech supply the to those jobs as a not for profit price for us or purchase and distribute them to $90.00, to lower income countries on the african union. now the global found damage has had a negative financial impact for much of the world, but for the global super rich, there appears to have been no such damage and reports suggest the world's wealthy be getting wealthier. at the top of the wells pyramid are billionaires like jeff bay, those and you on month in 2020 a total of $60000.00 people belongs to the ultra wealthy club tycoon whose personal

wealth exceeded a 100000000 dollars. but their ranks grew by nearly 10 percent year on year. thanks to booming stock markets and rising real estate values. now the ultra rich own 15 percent of the world's wealth. where did they live? the u. s. leads the pac, followed by china. in 3rd place is germany, france and great britain. have a similar number. wealth is growing notably fast in china. according to the boston consulting groups, annual wealth report, it will take china only 8 years to surpass the usa and the number of ultra rich people. but even though not quite so rich, increased their asset value last year. over all wealth grew by more than 8 percent last year to a record $250.00 trillion dollars. so for me and the dw

business team here in bed, and for more from us you can always head over to d, do e dot com slash business. you can also has to the w section on youtube and we're on social media on facebook as a w dot. thanks for watching him. so next time the the fight against the corolla virus pandemic. how has the rate of infection in developing? what does the latest research information and contact the corona virus, not change because the 19 special next on dw, are you ready to get the places in europe are smashing all the record step into

a venture. just don't lose your grip and the treasure map for modern globe trotter's cover. some of us are wicker break insight on you to and also in book form the ah, ah vaccines that turning the tide in the fans, amec in europe and the u. s. attention is turned from adults, 2 children. sometimes they should get the job. it shouldn't a limited supply effect seems to people in poor countries. after all, kids, gravity develops severe cases cause it. some parents have voice safety concerns, family, say the shots, say minus is it time to vaccinate the young?

who's the? i'm ben for solon, welcome. before we tackle that question without 2 guests today, let's take a close look at the numbers to get a better grasp of just how dangerous cove it is for kids. there are 14000000 miners living here in germany since march last year of a one and a half 1000 children and adolescents were hospitalized due to the corona vice. about $350.00 of those developed and inflammatory secondary disease of the infection called pim syndrome. for children died from covert, and let's just compare those numbers with influenza in the 280900 flu season, about 7 and a half 1000 kids. under the age of 14, we're hospitalized 9 died. to explain those numbers. let's talk to julian tang he's so they're ologist, an honory associate professor at the university of lester yoke. dutch is the president of the german society for child and adolescent medicine. thanks to both

of you for joining us today. let's stop with you. you and the standing committee on vaccination in germany have concerns about vaccinating children against koby to what are those concerns? well, it's not so much of metal concerns with regards to the explanation. it's rather of putting things into context and of comparing potential side effects and the effects of the pandemic on children such. and if you've pointed out, initially already, we only have very minor checks of the content on children with regards to health. and still we don't know what are the long term consequences of that explanation. and therefore, we educate that church when interest should be expedited, and that the children who are living with adults who are at risk should be ex, unaided, as well as long as the cannot be vaccinated themselves. and finally,

in all the other children and young lessons, there should be an individual decision making process with gp, what they are pediatrician to find out whether they are actually willing to accept the vaccination and whether they are aware of potential side effects and how they think about it. okay, you, so you're worried about the long term effects of this pandemic on the kids know the effects of the virus or the vaccine. but what happens if it takes so much longer to vaccinate all our adults, our main concern within the population. because you vaccinating children at the same time or we haven't vaccinated all the adults, doesn't that mean we're going to be in lockdown a lot longer and have even longer term effects for kids? well, i don't actually think so. first of all, the alternatives to explanation in children,

we have that well template testing facility in germany. these days we have, we know a lot about hygiene roles and we know out a lot about making screw faith. so explanation. this is the solution to children. in particular, if you consider that only the minority of children can be vaccinated, we're only talking about those between 12 and 15 at the moment. so at the end of the day, it can also considering, but i don't much more prone to in detecting somebody else. and to transferring the virus to another person, it may be wise to, to vaccinate adults, especially adults who are in the future, if you cation to make sure they don't transmit the virus to a church and you in your less concerned. why is that? can you explain that to us?

yes, i didn't disagree with was just been said, i think that's a very reasonable approach. my concern is that the vaccines generally for children, is fewer suspects of rule compared to idols, more efficacious. and we also have lots of otherwise healthy children getting longer with symptoms about 5 percent of them in the u. k. now, so it may be the experience of the bars in different countries is slightly different, especially since june is controlled the virus so well compared to the u. k. where it's basically uncontrolled. so the actual chasing them of the higher that that's been higher. and the risk of complications has been higher because so you can see very poor virus in the community anyway. so i think the context is different and the u. k. hunting, rolling out the probably school. when's vaccination program? many years now? less to where i, where i am and moment has the one of the status of that and also seen in austria

and the u. s. now, i've also instituted his private school vaccination program at the time, pete, it took the children from severe disease. the also the adults have contact with as well. so that kind of overlaps with what the previous ab speed has been saying. but the u. k. approach from the u. s. approaches more. why do you want to vaccinate the healthy children as well with healthy idols to those children guessing among the complications that we are seeing and some sort of children? how dangerous is the weight for kids? while adults, why not forget the jap 1st? i mean, those are still the party, so i think we don't disagree of the i think the adults are still the priority because we see more complications in them. and they do seem to transmit more frequently for children to transmit inside us shut high dollars just as long as adults don't detect transmission because children often more infected the pedals off. so it may be a lack of payment rather than

a true patient matic. not infection type of infection. if we know further, especially viruses, including the ones that children are really major effect as a reservoir of the spiritual arses and helping to decades, you know, with powerful ours the virus eyes as one of those ones are. so the current of us is run viruses from the common code are really no different in that respect. we know from, you know, young children and parents experience that children says you have life, use a lot of kids in. and that's also all the time of the creek from the lighters because of this kind of non immune infection with these seasonal prescription viruses. what about the u. s. strategy, the julian way, where children are already getting vaccinated, possibly crossing a line at the expense of adults. yeah, so this was really political about this sometimes earlier. and there is

a interesting ethical dilemma here, whether you vaccinate children, to protect the idols, more than the children themselves. and this is a, it's a good job around around. so when you have long have it in children with debilitating living, several case reports in the case, certainly with children can't remember what the doing can get out. bad can't walk through the you start to start to be quite debilitating the child themselves, but then also dispensing vulnerable adults. and i was can also get located at more more than children transfer instead of the can get located with related to life changing illness. and that's also a reason to vaccinate. i think children in a more rapid manner. the last thing that i fully do with, i'm just saying the fact to be the rational. so why they're doing it and what you can make following suit. you can i ask you another question. the pfizer by and tech faxing was tested on just over

a 1000 children and adolescents in some scientists to saying as far to few participants to detect re side effects. that's right. i mean, that's actually the solution that we made with. well, the nation problem. for instance, the seneca shop. they didn't fail and so to speak, their initial studies. but we, we only heard about the long term consequences. and at the side effects such as term, both as in the arteries in the veins took it after, after a while after so many patients in vaccinated. so at the end of the day it will be safe for many families to decide upon vaccination or not having a vaccination after they've seen the that the courses on, on

a large scale. certainly that's, that's that, that might be a reassuring point for many people. okay, great to get to take on that. you're the president of the german society for child and adolescent medicine and consult verola just from the university of lr julian tang. thanks supposedly. thank you very much. that's part of the show where you get to ask the question is assign, corresponded derek williams. paul, if you have cubic 19 without knowing it and get it back seen. could be as vers side effects. oh, the short answer to this is pretty clearly. no, but the question has a couple of layers that need peeling back health care authority. recommendations focus mostly on whether or not people who have the disease and for covered whether

they can be safely vaccinated afterwards. and the answer to that is they can and they should be but authority recommendations are a lot more fuzzy when it comes to people who might have an active present a matic or a symptomatic infection at the moment that they get a shot. however, i did track down opinions from a number of experts on the topic and pretty much all of them thought it shouldn't make a difference in terms of symptoms so. so they believed it wouldn't cause adverse effects. however, some also thought it might possibly have an impact either positive or negative on the speed and the strength of your immune response to the vaccine. if you've been exposed, don't get vaccinated until you're out of quarantine. if you have been infected and are a symptomatic or pre symptomatic, even if the vaccine doesn't pose

a threat to you there's, there's still a problem which is that you still pose a potential threat to the health workers who would vaccinate you so to protect them . wait for a couple of weeks to make sure that you're in the clear me . they say fancy, you again. ah, the ah, the use, the

the the, the fear it's a move in turkey. they are increasingly subjected to sexual domestic bombing was withdrawn from the convention, meant to protect women, sends a dangerous message up. now women are fighting the focus on w

into the conflict with tim sebastian. the council of europe was issued as late as human rights and democracy in europe. and it makes unpleasantly deployed decided to question a leading official who's trying to protect human rights activists. commission human rights as opposed to what is suspect conflict in 90 minutes on for you. ah young immigrants. they know the police will stop done. they know that the route is not a solution. they know their flight could be a whole lot going back is not an option. shattered dreams

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. this is b w. news lived from po process rejects the resignation of a senior german church leader. cardinal ryan hub marks had offered to quit as archbishop of munich saying he shared responsibility for the church handling of sex abuse scandals. but pope says he can't stay off with also coming off. joe biden says he's ready to confront russian.