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tv   Business - News  Deutsche Welle  June 11, 2021 8:15am-8:30am CEST

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did some serious home advantage other nations to watch out for our belgium and italy who both won all 10 of their qualifiers. and the tournaments dark horse could be turkey, who, together with belgium, had the best defense during qualifiers, and might just surprise the top teams at the euros. you're watching d. w. a news live from berlin coming up next is business with rob watts. i'm terry morrison. thanks for watching the news . my 1st, i think, was a sewing machine i found from women are bounced by the potions or something as simple as learning how to write a bicycle even me since i was a little girl, i wanted to have a bicycle off my and it took me years to finally gave up and went by me on my side
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and return because sewing machine sewing, i suppose was more appropriate for girls than writing a bite. and now i want to reach out to those women back home for balance by social rules and inform them about the basics, right. my name is dave and i work at the me. i the punishing firms who enable work is to be abused around the world. germany news supply chain lower aims to hold large companies accountable for the behavior of the supplier. on friday, it's expected to be passed by the part of a file apple bay and google f. a may. soon, european competitor will show you the instant payment method that's helping span.
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yes. suspense with that's coming up on dw business on robots in berlin. welcome to the program that you have in parliament is expected to approve the country's supply chain law on friday. it aims to make corporations accountable for every inch of their supply chains at any rights or environmental abuses that take place within them. wiggers, picking cotton and china seen jung region. the muslim population here has been repressed by aging for many years, abused put an internment camps, and may to work in force, labor, much of their product used to end up in shoes and shirts, salt in germany and other western countries. the supply chain law prohibits forced labor as well as child labor and work threatening or destroying the environment. it applies to all companies selling to germany, and it's met opposition from industry bodies,
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hyphen as feel for fear. we think it's wrong to respond to a global problem with a national law. this doesn't change the global human rights situation. all it does, it creates additional competitive disadvantages for our own companies here, private, which are global leaders in terms of their standards and gauge. dr. ma stop few been since the industry argues that german companies might have to stop doing business with some countries making the situation for people. they are even worse. but berlin once change, we are too young on 72 long. we have exempted the extra rotation of people and nature developing countries for too long. we have holloway child labor on a large scale, but children laboring on plantations or in mines. the german government wants to end all that and set an example for others in the you and beyond that it can be
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done. and let's get more on this from our financial correspondence in frankfort, chelsea delaney chelsea. businesses have argued this law will be impossible to implement or the right will in its purest form, it would be very difficult because the idea is that a company operating here in germany would be responsible from the moment that that raw material from the moment that cotton or that, that metal comes out of the ground in some far away country. but in actuality, it's not going to be that strict of a law. for most companies, these businesses are going to be responsible for themselves and their direct suppliers. but further down the line, they're indirect suppliers. they only have to basically conduct these due diligence and risk analysis procedures if they get some sort of tip or a complaint that the human rights are being violated. so this is still quite
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difficult for some companies that haven't been doing this yet, but this rule only applied to 0 point one percent of german businesses. we've had complaints of industry bodies, but it's not totally without support from the business world. is it right, and some of germany's biggest companies have come out in support of this. companies like dime, lar, and adidas and in bmw w, have called for its supply chain laws. these are companies that have to some extent and been doing this sort of do gyla diligence for suppliers for a long time. but others are, are still quite critical of this. they say, especially for the smaller businesses, it's going to be very difficult to build up these new reporting systems. and of course, many companies are quite worried that this is going to put them at a disadvantage when they have all of these new bureaucratic costs and other companies around the world don't. so are we expecting other countries to follow in germany? footstep yeah,
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i think many people think germany will be a trend setter for that's friends already has a supply chain law like this. the e u has basically promised to come out with its own version if they had said june. so i think we could expect something like that soon. other countries have made some sort of move towards supply chain diligence in the us. they've banned the importing of of cotton from jane and other countries. i've made stuff like that as well. but i think we're a whiles away from a really global supply chain law like this. chelsea delaney and frank, the thank you. let's take a look at some of the other business stories making headlines. chinese rights hailing giant de choose thing has filed the listed shares in new york. the popular up dominates the market in china and has over 15000000 drive. it could be one of the biggest this year, reports that the listing could raise as much as $7000000000.00. italy's
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financial police are investigating one of the largest online travel agents for alleged tax evasion, amounting to $150000000.00 euros. prosecutors saying netherlands based booking dot com failed to declare any value out of tax between 2013 and 20. 19. after manipulating the failing procedure, looking dot com says it will cooperate with the investigation. and then the european 1st, the french swift central banks are to trial cross board and money transfers using digital currency. the pilot projects will say a large number of investment banks using the digital money to finance credit transactions. they hope the new system will be security and efficiency. now pay power, google pay and apple pay have least 2 things in common all instant by about payment services. and they're all based in the u. s. multiple attempts have been made to develop a european competitor, but with little success. however, there is now
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a promising candidate in spain. a balmy saturday evening and spring, a group of friends are enjoying themselves in andalusia, eating and drinking. when it's time to leave the usual scene, the bill arrives one pays and until now everyone would have been rummaging through their pockets to pay their share. but it's easier in spain, things to be. so it's a service that makes direct transfer as possible using only a smartphone and the recipient's phone. number 15000000 spaniards use the service with 20000 new users joining every day. last year we managed to offer a service that was needed, but it didn't exist at, i mean we've given our customers added value to see where it is going to be. and we have it in payments between people are now an online retail where you only need your phone number to pass that information on to them. online merchants have been using the payment service for just over
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a year now. and $11000.00 stores are already taking part beeson offers and alternative to the well known giants like pay pal. absolutely. those who want to continue using paypal can of course, but reason offers other advantages. it's super fast. the success of the payment service is clearly due to the fact that all the screens banks are involved among them is the 2nd largest b, b, b. a. payments between individuals are free, the banks are and they're cut with online retail. true for both the money sending bank and the receiving bank, the bank of merchants report widespread acceptance school committee is something we went to and some even say that visa is being used more than pay pounding, will come a cancel barrier. a reason only works in spain, the european central bank pushed an instant payment initiative back in 2014. that's
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how visa was born. now there's new momentum. would spain solution work for all of europe? in there, we're looking at all existing options. the option of visa becoming a european payment service is on the table. if beeson were in all of europe, you, consumers could pay conveniently securely and above all, directly with a cell phone. rummaging for small change would be over. prices rising in europe and the u. s. is consumer demand picked up and supply chains face bottle? next, something economists have generally been expecting is nations recover from the west of the pandemic. but how far prices will rise? it's hard to predict as it's how and when central banks will be forced to react. how much will these euros get you? at least for a while, the answer is going to be less than they used to. as economic activity returns, in many parts of europe, inflation has risen to 2 percent in the month of may. no reason to worry says the
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e c b. it's worth reminding our sells where we were a year ago compared with where we are today because that's, that's how inflation is calculated year over year. and clearly, a year ago, a lot of activities when down prices were on the downward pressure clearly. and the down movement that we saw at the time has no and is being compensated by an upward movement that we see in many of those prices. but when down and the european central bank expects prices to keep getting higher this year, amid the continents recovery time, then to ease up on stimulus, citing as still uncertain economic outlook. the e. c b says no, it's keeping interest rates at record, lowes and it's $1.00. 5 trillion euro emergency bond buying scheme, untouched. rising prices notwithstanding, but it's not just europe, u. s. consumer prices shot up by the most in 12 years in may compared to
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a year ago with a 3rd of that jump driven by used cars becoming more expensive as the semiconductor shortage hit auto manufacturing. following the e c b 's, just held policy meeting central bank watchers will be turning their attention to the federal reserves meeting next week to see how the americans are handling inflation. much of the same is expected to the american now in chiles. at a comma is one of the hottest deserts in the world. it is also the one with the highest levels of ultraviolet radiation emitted by the scorching sun. now 2 lamps are putting that u. v to good use with latin america's very 1st thermo solar power plant. it might as well have been put on mars. this futuristic site is the sale or domain that dollar power plants. a $1400000000.00 project that has been developed in sheet
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or a comma desert. more than $10000.00 collectors, follow the sun to reflect radiation onto the top of a tower. 250 meters high. the heat moves through molten salt into water producing superheated steam to the last 210 megawatts enough to power 380000 homes in the country. when at the opening ceremony, chilion presidents, the bus get nearer spoke of the dawn of a new age. se healey by pover sheila, yes, it would be a poor country when it came to energy sources. we had little oil, little cold, little gas, but we are mentally rich when it comes to the energy of the future. we have the desert with the highest resolution in the world, as shown by those white colors seen at the top of the tower, which are reflected in the solar radiation as well as the st domain that door power plant is able to store solar energy for hours and even through the night,
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unlike traditional solar plants that only generate output when the sun is shining, the plant is expected to fill the energy gap expected when she closes some of its coal plants. it's seen as a big step towards making sheila carbon neutral a goal, the country's aiming for by 2050 console from the business team here in berlin from or to head over says d w dot com slash business. you can also find us on facebook and you love watching until next time. living in fear is in turkey, they are increasingly subjected to sexual domestic violence. countries, withdrawals from the convention, meant to protect women census dangerous message. but now women are fighting.
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the focus on we've got some hot or your bucket, lift the magic corner, check personally and some great culture memorial to boot, the w travel off. we go. me the me a warm welcome to you. this is focus on europe with me live show. thanks for joining us today. many women and turkey are still in shock about the fact that their country has withdrawn from the east.

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