hope the world will take action on climate change before it's too late. already coming up more on that summit between president biden and prudent and look at how president biden has been strengthening ties with europe. ahead of the summit, robots will have some details on dw business. they will the use the case and above all, how it feels jewish life in europe. what film producer, these kona and journalists, goodman, are exploring,

delving into history and the present. i would never have thought the judaism could be lips open and so i need to remind myself because i grew up in a completely different way. prod, explorer listed jewish in europe. the 2 port documentary starts july 5th on dw, the the president biden. and put in, prepare to face off in geneva. the us president has been firming up friendships in europe ahead of the encounter. let's see if he's successfully brought his allies of it close to and as you get to approve the 1st spending of its massive recovery program,

we'll visit some german retailers looking to find the own way out of the pans epic . this is data view business robots in berlin. welcome to the program. us president joe vice will meet russia's latin a post him later at the end of a european ship that seen him showing up support from america's allies. biden has put an end to an almost 2 decades long trade to speak with the you and signed a major deal on joint infrastructure spending face up to his russian counterpart having re established who america's friends really are his mission to rebuild trust us. president joe biden is looking to close ranks with the european union. he sees it as the only way to deal with current global challenges. so among his 1st tangible acts in europe, he settled a major trade dispute between the 2 that's been running sore for 17 years. both sides have accused the other of illegally subsidizing their aircraft, making champions. boeing and airbus the w t. o ruled in favor of both, and

a welter of tit for tat penalty chair of since you'd now the 2 sides agree to suspend tariffs for at least 5 years. music to the european commissions ears agreement we have fall now really opens a new chapter in our relationship because we move from litigation to corporation on aircraft and that after almost 20 years of dispute. and by december, it's expected that tit for tat penalty cherubs over steel and aluminum will be lifted. biden sees the e u as a partner, especially when it comes to chinese expansion, and it's built in road initiative. the u. s. is disturbed by china's growing influence in many countries, many of taking out huge loans from beijing to build new ports, railings, and roads that makes them vulnerable to chinese influence. if they're unable to service their debts. now the e u u. s. and other g 7 countries plan to set up their own trillion dollar

infrastructure projects for poor countries. we can now speak to the mona manor, who is executive vice president of the american chamber of commerce in germany. thanks a lot for joining us on the to be business. can we firmly say that trade relations between the states and europe have been improved by this? did it? oh, definitely. i think it's, it's a huge step forward because we are coming out of this to accusations and going into win win. and both were good enough and not too proud to make that step towards each other. and that is very important signal. we've seen a change in policy from the states towards europe, between the biden and the president says, and we're seeing that change from the states a couple of times of the last 5 years, trump arriving and leaving it now uncertain for europeans trying to work with the

united states, what the future actually holds that i think they, they can supplanted the relationship is not only right relying on the president. so there were times and they are still there and they will be there. so, but there is an improvement because now both sides become reliable. and also the european side did some steps to show biden's administration that they are willing to go into a new future which more reliable relationship. and that's a very strong signal for both parties. how reliable can you say it's going to be of potentially in another 4 years they'll be another new president, potentially even president trump, once again. and another change of tax in the states difficult to, to predict. of course, i think it should be in the interest of the whole not just to wait for this 5 years,

but to use this 5 years. and we are still of course not. we did not yet solve the steel and elemental terrorists. so there has to be solutions, but this is the 1st step to find solutions trust building and to and therefore hopefully they will be better w t o in 5 years. and there will be a contract in 5 years. so that the relationship is not only reliable on the part in the government and the white house doesn't challenges, right. biden's meeting person later, the big point of tension between the u. s. in germany, at least has been over no extreme to germany, increasing its reliance on russian natural gas. how's that tension eased on the bison? oh yes, it did. because i think they again, the point which was quite difficult for both sides were sanctions on german companies. and they had just contract, so it's very difficult, but

a u. s. government put sanctions on companies and doing a contractual job. and on the other hand, i think germany understood the difficulty and the tension which could be with, with a russian pipeline. but it does not increase the relationship between russia and germany. it's just one more pipeline. i don't want to call it to make it small, but i think the tension is lesser and both sides understood signals. and we should use that signal to come into a better relationship and tried to not come into a dependency from russia and always ok, this one and then a from the american chamber of commerce in germany. thanks for joining us. thank you so much. sure. having me now, let's take

a look at some of the other business stories making headlines. it's carolyn pickets will need a public bailout more than $800000000.00. if the games are held behind closed doors, according to analysis, by the financial times, the organizers have already spent money raised from ticket sales and taxpayers may have to foot the bill for refund. and energetic critic of big tech is the new head of the u. s. federal trade commission, lina con his name for her work as a professor at columbia law school. and as an avid scholar of anti trust matters, now he was about to start handing out the 1st billions of it's pandemic recovery fund. the block is hoping to spend its way out of a similar aftermath to that scene after the 2008 global financial crisis. pandemic has already meant the destruction of hundreds of thousands of businesses, though with retailers hit particularly hard. we refer from berlin, mary,

jamie o, christopher, each of the leather products in gusty laid as new, sharp, as a name. the rust up based company has been trading since 2009. but for most of the time, customers had to order online. product information was only available by a video cause delay to sound wasn't happy about that. no. was he happy about the 200000 bureaus, a monthly paid to keep his company at the top end of search engine result. so he decided to escape from the internet as he puts it, and then the lamb and anguish online. because in the end, you're incredibly dependent on facebook, amazon, and google. when you're online and he stops, i've met him on here in town. i can make my customers again, and we can also talk about products. we don't have an arranged photo tags nor feel . the new outlet in one of berlin's prime locations in the central mister district is the latest of $23.00 across germany. and it's not intended to be the last,

it's become very easy to find cheap retail space during the pandemic that lead inside the atan shops becoming available. you can haggle with the landlords. they're not disinclined to offer maybe a couple of months rent, freel discount to start off with order and trying to get a survey by germany's real estate association. just commercial property vacancies rising sharply in small and midsize towns, some 15 percent of retail businesses are empty. even in the best locations and an increasing number of once exclusively internet based retailers are rushing into fill in the gaps. they include furniture make a home 24, and rose bikes, the bicycle, making a secured a prominent location. directly opposite berlin's jewish museum, rose bike started business in the 1970s with catalog sales. before migrating late to the internet, 80 percent of the bike makers, $137000000.00 euros a year,

sales are now made online. but a lot of customers like to ask questions in the shop in person. after all, the buy can cost anywhere between $807000.00 euros. and there's plenty of choice i was talking about. the dennis is terrible, as it is, has also sparked some movement in the commercial real estate market. were often contacted and asked if we'd perhaps like to take over some shop or other colleagues invoice and and with customers increasing they wanting face to face advice. rose bikes, current shop is not big enough anymore. the bike maker is already looking for a new location. with much more space. lee was about to trigger is 800000000000 euro pandemic recovery fund with the name of reviving a battered economy commission. president ursula on the line is visiting spain and portugal today to approve the initial spending less cross to financial correspondent chelsea delay and he joins us from frankfurt. chelsea,

how exactly is this money going to be spent? well, this program is called the next generation. you find, i think that helps a lot about how they want that money to be spent. the 2 main goals are digitalization and climate change projects. so a lot of this money will be spent on the transition to clean our energy sources. if you look at spain, for example, they want to use a lot of money to increase electric vehicle usage among, among people there and italy, they want to focus on more hydrogen projects. digitalization is also going to be a major part of this because the use, it's very much lagging behind in terms of connectivity. so saying they want to make about 75 percent of people available to have 5 g networks. so there's going to be a lot of focus on, on, on that as well as making society more equitable. so projects to,

to do diversity to gender diversity are also going to be a major focus. and the you is funding this with both of a major bones. so how's that going? it's going pretty well so far on tuesday. so yesterday the you who sold the 1st tranche of these bonds about 20000000000 euros worth of the bonds. they actually got 142000000000 euros worth of orders. so there were 7 times as much demand for these bonds as there actually was. so there's a lot of demand because these are safe asset. and there's a lot of interest in buying a european faith asset, and that's a good thing for europe as they try to raise these funds. chelsea delaney and frank, thank. now after more than a year, the 1st international cruise ships are returning to spain's pores. they were banned in 2020 as part of the country's efforts to curb the spread of colored $19.00 price

. at the panoramic cruises with big business in spain, contributing to point 8000000000 euros to the spanish economy in 2019, and accounting 450000 jobs. so the return has been eagerly awaited assign this year . summer may be better than the last one for the tours. and that's all for me in the business team here in berlin from all you had to our website. we dot com slash business. you can also find a place to be, to be business. so next time. ah, the us vaccination campaign is making good progress snot everywhere. it is rejected by many and the tendency mountains. plenty of doses remain here. are they only verbal madison and god can dr. hensley from the local

hospital persuade the vacuum. on d. w. now we've got some hot tips for your bucket list. ah, magic corner check. hot spot for food, and some great help for the mortals to boot w travel off we go. the welcome to global $3000.00 desperation is driving thousands of people to dig for gold in western mozambique at huge cost to the areas florette. and for many big cats.