you know, watching data, but the news from berlin save, it basically is up. next we do a business news update. doesn't even get all the latest news and information around the clock on our website that w dot com and we get to follow up on social media as well. i'm rebecca bridges for me and the entire time. thanks for joining us with. ah ah, where i come from, we have to fly for free press and was born and raised me to dictate or shape with just one tv shadow and a few newspapers with official information as a journey. i have work on the trip of many cameras, and the walls are always the same for to mean equality. and that the freedom of the press corruption on the floor to the safe side. and when it comes to the defense,

you see the right to have this side of my name's, can you paris tonight work? i'd be w ah . the football european championship kicks off and the fans are back sort of. so our football fortunes on the rebounds. we'll look at what the euro 2020 tournament could mean for a constant. that's just now. reopening from the pandemic. also on the show prices rising across europe, a central bankers, art wavering from cheap money. i reckoned low interest rates and for a group of ugandan farmers, the smell of success is redolent of honey. fresh out of the come close to the show

you confusedly in berlin. the euro 2020 football term. it kicks off friday. one year late after a pandemic postponement, it's an event that can be quite lucrative for the host. just take the last euros hosted by france in 2016. more than 600000 visitors plus foreign teams and officials travelling and spending across french city for cities. that contributed about 1200000000 euros. the country's economy well above the 200000000. that france spence prepare for the competition. now that was an ordinary year for the tournaments. and this of course is hardly an ordinary year. now for more on that, i'm joined by arthur sullivan with d w. business. arthur. good to see you. this tournament is very unique in the way of being held. it's held across 11 host cities, which seems completely counterintuitive to what would be good during the pandemic. tell me what's going on behind is planning. yes, even so, you know, so knows nothing about this might assume that this novel format has something to do

with and damage. but even though the tournament was originally due to be in 2020, and i've taken place this year, this idea for the former days by 2012. it was the brainchild of the former us president michelle, the teeny. it was very much something that we want to promote for the 60th anniversary of the very 1st european challenge of the $960.00. he wanted upon european events which would take place across the entire continent. 12 whole cities rather than in one specific country. as we were traditionally associated with the type of events. so that was the original idea. there also was a little bit of a cost factor as well because he wanted to more a cheaper euros to run it from a whole perspective. remarkably fatigued, time as president, as long over he had to resign after corruption scandal a few years ago. but idea, despite the pandemic, ensures perhaps possibly the worst year for it. okay, so 11 host cities, we talk about france being one and benefiting from 2016. is there an economic benefit to these cities and can even feel the stadiums? well, even a not, not normal, non 100 times the economic impact of this tournament would be w as compared to

a normal one. obviously, because of the fact that the, the revenues from tours to spread out across 12 locations rather than just one country. but obviously, even in the conduct the pandemic that marginal impact has been even great more significantly don't use it because there are restrictions all over the place. almost all the stadia will be not advancing near full capacity mostly around 25 to 50 percent at most with a couple of exceptions. and then the other tourism factors are minimum because very few fans of local funds will be attending the games. so 25 to 50 percent capacity. perhaps that's still better than what we've seen in the past year. does this mean perhaps this turn it marks sort of the return of european football? well, i mean symbolically. it's some tastic for a sport like football which is so dependent on its fun culture to get funds back into stadium. that's essential because football need science and everyone else involved in the game, know that for revenue point of view, smaller clubs would benefit far more than larger folks from the fact finder back in

stadium. but european football crisis, which we saw in, in stark life during the reason super league, we ask where brick 12 believe those try to bridge farmer breakaway league. that crisis is rooted in the inflationary spiral of wages and transfer, feeding the gamma dot at the root of that particular crisis and getting funds back . and it's not going to particularly end up problem that will endure long after the pandemic is over. right or the sullivan d w business. thank you very much. now at the center of the european championship and all the whole blue is this, the humble football itself. already dos is providing this year's model as it does for each of the championships. and like many footballs around the world, it's being made in pakistan. now, production standards there have improved over the years. but some say they can still get better if the customer is willing to pay for it. she own 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 winner over to work in our factory. and nickelodeon, 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 the other. but we just speak on the board. 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 its partner company in pakistan, does not use child labor. come on and 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 it says 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 enter, let's call the fact a percentage of fair trade balls is negligible. they only make up about 4 to 5 percent of overall sales call megan, please. 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 of engine back to pakistan and both a 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. or let's have a look now at some other business stories and, and 8 european 1st. the french and swiss central banks are going to try cross border money transfers using crypto currency. the pilot project will see a large number of investment banks using the digital money to finance credit transactions. the new system is said to boost security and efficiency. and the news comes with the basel base global banking supervisor. most tougher rules on triple crisis was you have slowly pulls itself away from the coven. 1900 crisis, and economic activity returns in many places on the continent. the european central

bank says it's not ready yet to lift pandemic measures at its regular policy meeting. it held interest rates of record lows and it's 1.85 trillion euro emergency bond buying scheme, untouched, trying to keep borrowing costs low just for spending and investment. but you may have heard the ongoing recovery in the most has had one particular side effect. here's u. c. b president christine regard. inflation has picked up over recent months, largely on account of base effects, transitory factors, and an increase in energy prices. it is expected to rise further in the 2nd half of the year before declining as temporary factors fade out. our new staff projections point to a gradual increase in underlying inflation pressures throughout the projection horizon. although the pressures remain subdued in the context of still

significant economic slack or u. c. b director christine, regard their or financial correspondent in frankfort. chelsea laney was watching that press conference. here's her report. the main question heading into the plays a c. b meeting was how the central bank would handle the big run up we've seen and inflation this year. the answer is seems to be by keeping calm and carrying on the c. b does acknowledge that inflation, but also economic growth is going to rise at a faster pace this year than previously expected. but they say many of the factors driving inflation are temporary. things like supply chain shortages for things like semi conductors. they don't expect us to be a long term trend at the same time. the e. c. b is still very concerned about what the long term effects of the pen demik are going to be on. on the job market on businesses, so they want to keep stimulus in effect until they have more on country that's all

too familiar with it. zimbabwe it's central bank now projects, year on year inflation to flow sharply from an expected 105 percent this month. to 55 percent in july, that would bring the official rates with lowest since january 2019 to bob, which has struggled to tame as currencies for more than a decade. dealing with hyperinflation amid economic downturn. now the government is counting on pandemic, beating economic growth of 7.8 percent this year will be up from minus 4 percent last year. so, and you gone to the most important export is can you guess coffee? but for a group of enterprising farmers, honey is actually turning into a big opportunity. especially with import rights into the european union. were demand for the sweet substance out pieces local production in the rain, zoe mountains of western uganda. from the phone, didn't your treasure. jerry sassik wilma has just maybe, yeah, of be keeping and she's already counting profit from high smaller area.

i expect much more money from honey production. i want a big piece of land and i'm already planning and expanding my area. uganda is one of the few african countries certified to explore timing into the e u, which has opened up good opportunities for beekeepers like ethic warmer. but before the village has come to that exporting, they must meet standards for the international market. estimated at about $9000000000.00. the former, the former co operative to ensure that they get a corresponding price for their natural honey. when you are one, meet them in will come to you and the stop you place. while when we are very mini, we can stand together and make up by law that the race will, will be these. this loops of mountain missouri are traditionally known for

producing coffee, which ends uganda, about $2000000.00 every day in exports. the farmers of previously embraced bees for political reasons. leg pollination. the now appreciate the flank creatures more for helping them to diversify from coffee dependency. while what sometimes the coffee sees him is bad and the yield is low at that time if the season for honey production is good, please can keep me going. the human foot agency filed reports that heavy production in europe has recently dropped due to past said use on funds. the village be keepers like asked the coma hope that challenges in the you can be an opportunity for them to me to pick up as the global demand for organic expands. all right, that's it for me. and the dw business team will be back in

a few hours. in the meantime, you can find out more about these and other business stories online, g, w dot com slash business. i seem like watching the news tips for your budget and the magic corner check. hot spot for food and some great cultural memorials to boot the w travels off. we go then gentlemen, which anytime, anyplace means video and we have like a sing along to come from super interactive exercises. everything is online, mobile,

interactive, germans, f, b, w basically the news a show coming up today. the east la my vision of education in park is that's the charge being level that the government, as it makes, putting the holy cow on compulsory across schools in the country. and noted, education is tells me it's because of the countries. leadership is a funded mentalist basis. absolutely no doubt about that. and he says that he wants regular schools and my address as to have the same curriculum and india as mike and pluck returning to cities office.