at the top of the hour, coming up after a short break though, is our curve at 9 team special. and don't forget, you couldn't get all the latest news and information around the club on our website as w dot com and follow up on the social media as well. where at the w news, you can find me at rebecca races for me and the team. thanks very much for watching the news. news . you're welcome immigrants. they know the police will stop them. they know that the route is not a solution. they know their flight could be going back. he's not an option. peace ma, i'm on and the rabbit

a are stuck in the spanish border area. alongside other young people there waiting for a chance that will probably never come. shattered dreams starts june 18th, on d w. the, the football european championship kicks off and the fans are back sort of. so our football fortunes on the rebounds. look at what the euro 2020 turn it could mean for a constant. that's just now reopening from the pandemic. also on the show prices arise and across europe, but central bankers are wavering from cheap money record, low interest rates, and for a group of you got and farmers, the smell of success is redolent of honey fresh out of the co code. welcome to show

beardley in berlin. the euro 2020 football tournament kicks off friday, one year late after a pandemic postponement. it's an event that can be quite lucrative for the host. just take last year o hosted by france in 2016. more than 600000 visitors plus foreign teams and officials traveling and spinning across french cities, print cities that contributed about $1200000000.00 euros to 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 know nothing about this might assume that this novel format has something to do

with damage. but even though the tournament was originally due to be in 2020, and it's i've taken place this year, this idea of the form of this by 2012. it was the brainchild of the former us president, michelle's a teeny. it was very much something that he wanted to promote for the 60th anniversary of the very 1st european challenge of $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, or also the little bit of a cost factor as well, because he wanted to more a cheaper euros to run it from a whole perspective. remarkably continued time as you present it. as long over he resign after corruption scandal a few years ago. but his idea, despite the pandemic, ensures, perhaps possibly the worst year for ok. so 11 host cities, we talk about france being one and benefiting from it in 2016. is there an economic benefit to these cities and can even feel the stadiums? well, even in not, not normal, non 100 times the economic impact of this tournament would be diluted compared to

the 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, marginal impact has been even more significantly don't use it because there are restrictions all over the place. almost all the stadia will be not dancing near full capacity, mostly around 25 to 50 percent at most with a couple of exceptions. and then the other tourism factors are our, our minimum because very few fans of local fans 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 untasted for 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 involved in the game knows that for revenue point of view, smaller films will benefit far more than larger clubs from the fact finder back in

stadium. but european football crisis, which we saw in, in stark life during the reef and super league, we asked where brit 12 believe it was. try to bridge the former breakaway league. that crisis is rooted in the inflationary spiral of wages and transfer, feeding the gamma dot in 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 is 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. see 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 in comp, liam, our focus is on producing high quality balls. it will you have to achieve that. we have to provide more benefits in 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 that's 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, the net control. 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, legal soccer ball isn't a fair trade product either. the called the percentage of fair trade balls is negligible. they only make up about 4 to 5 percent of overall sales call. it's partly because the fair trade seo isn't just high profile in the industry,

or amongst the clubs as we would all like to be spoken of engine back to pakistan and both the game 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 in a european 1st, the french and with central banks are going to trial 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 mold tougher rules on crypt. occurrences was your slowly pulls itself away from the coven. 1900 crisis, and economic activity returns in many places on the continent. 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 cost low, dispersed spending and investment. but you may have heard the ongoing recovery and stimulus has had one particular side effect. here's e, 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. on new stuff, 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 do you see be director christine regard there or financial correspondent in frankfort. chelsea laney was watching that press conference. here's her report. the main question heading into a c. v 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 these factors driving inflation or 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 depend. demik are going to be on, on the job market, on businesses. so they want to keep stimulus in effect until they have more security. and the fact that the economy has fully recovered from the pandemic hit

or financial correspondent in frankfurt. they're chelsea delaney and speaking of inflation, one country that's all to familiar with it is and bob way, 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 the lowest since january 2019 bob way 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. that would be up from minus 4 percent last year and you've 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 rice into the european union. were demand for the sweet substance out pieces local production in the reins, the re mountains of width and uganda,

from the phone to new treasure jury. sassy coleman has just made a yeah. of be keeping and she's already counting profits from her small lapierre re 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 be keepers like as the coma. but before the villagers can start 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 your place. while when we are very many,

we can stand together and make up by law that the race will, will be these. the slopes of mountain missouri. i traditionally known for producing coffee, which ends you gander, about $2000000.00 every day in exports. the farmers of previously embraced bees for ecology call reasons like pollination. the now i appreciate the flying creatures more for helping them to diversify from coffee dependency. while eggs, what are sometimes the coffee season is bad and the yield is low and i'm at that time if the season for honey production is good, please can keep me going to some of the us for the agency file reports that heavy production in europe has recently dropped due to past said use on funds. the village be keepers lake asked the coma hope that challenges in the you can be an

opportunity for them to meet to pick up as the global demand for organics 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 and seniors like watching the news. the sites against the corona virus pandemic. how has the rate of infection and in developing? what does the latest research thing information and contact the corona virus not change because it 19 special next on d, w to the point extreme. opinions clear positions, international perspective. one of the most internationally respected figures in

germany's catholic church was offered his resignation to pope francis. besides the catastrophe, sexual abuse by church officials, meanwhile in canada, masquerades of indigenous children to discover their former school to the point b, w ah ah, experts, a school closures were a necessary evil to slay the spread of the corona virus. the thing affected 80 percent of children worldwide forcing most to study from placing an extra burden on parents. modern technology helped in many cases, but not all the pandemic could see millions of children left behind. can generation covered make the great.