i just choose ah, i'm agree. you feel worried about the planet? i'm neil of the on the green fence. to me it's clear. we need to join me for the size of the green transformations. for me,

you imagine how many portion of her now in the world climate conference doors. this is my place, the way from just one week. how much was can really get we still have time to act. i'm doing what the me the us central bankers move up their timeline for an interest rate hike, the federal reserve acknowledging rising prices, but holding out on a policy change to encourage more job creation. we'll talk to our correspondent about what it all means. also on the show, chinese investment in europe hits its lowest level for a decade, falling to just a fraction with past years time with hello,

welcome to the show. i'm see. conversely, in berlin, central bankers in the us agreed in their latest meeting to keep a loose monetary policy in place for the near term. but they also moved up the timeline for an interest rate hike. 13 of 18 governors of the u. s. federal reserve . now say they expect to raise borrowing rates by the end of 2023. higher interest rates, discourage corporate borrowing and expansion. the fed, she thrown power, has come under pressure to tighten monetary policy due to those rising prices. but he also wants to encourage job growth by keeping rates low for as long as possible the job market strong. right. more on this. let's go to our financial correspondent in new york. yet it's quarter yet. it's good to see you. this tension between job creation and rising prices. what does this bed statement tell us about its outlook and its priorities? well, but the federal reserve definitely said is that they don't play to the inflation

risk at least for now. and the other side, they did state that the labor market is by far not where it used to be before the pandemic started, but fed chair jerome paul actually did say that there could be further massive improvements in the labor market in the month to come. so that is a clear message from the federal reserve, at least for now, the monetary policy is not going to change. they still see inflation pressure to be temporary and the labor market, not quite there by the fed, would like to be in wall street, not a fan of this decision. what can you tell us? well yes we did see a little bit of a cell phone on wall street and we shouldn't forget that the stock market has been on a sugar high with all the cheap money that we've seen for so many a year. and then at the end of the day, investors do not fully build the federal reserve that they're not going to change

the monetary policy in the near future. and they actually saw this wednesday meeting as another baby step towards the changes in the monetary policy. we won't see interest rate increases and that soon about, for example, they could to very well at some point, at least limit the amount of bonds and at the securities that the fed is still buying 120000000000 dollars each month. so that could change within this year in florida in new york, thanks very much. well, lot of focus today on the meeting between us president joe biden and his russian counterpart vladimir putin. but it was made possible by meeting a day earlier in brussels, when biden met with you officials. they're the u. s. and you thought to close ranks and put aside an issue that had become a thorn in the side of trans atlantic trade. 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 act 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. rules 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 cooperation on aircraft and that after almost 20 years of dispute. and by december, it's expected that tit for tat penalty tariffs 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 rhode initiative. the u. s. is disturbed by chinese growing

influence in many countries. many of taking out huge loans from beijing to builds 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. while speaking of china, chinese investment in europe saw a clear drop in the last year. that's according to a new study from the berlin bass merricks institute and the rhodium group. it says direct investment fell by 45 percent in 2020 from the year before. that was year in which europe politicians actually feared a 3rd of chinese investments as big businesses struggled under the pandemic. so what's behind the new trends? take a look. chinese media group takeover of german robot make a cuckoo in 2016 was one of the more headline grabbing chinese investments. germany,

france and the u. k. are the most important targets for chinese foreign direct investment. but in recent years, chinese f. d i has waned in 2016 country invested over 44000000000 euros buying shares, or even entire companies based in the e. u. a year later that figure had tumbled to under 30000000000. the down trend has continued since then. last year, chinese investment in the e u and the u. k fell to just over 6 and a half 1000000000 euros atanya low. chinese investors still find europe appealing, and damage on the tightening by e u. countries of their scrutiny of sensitive purchases have eased their appetite days. headwinds in europe, right. in the last year, the investment screening regime has come on line. so that is creating extra hurdles for chinese companies that want to acquire european companies. but also there's outgoing capital controls in china that have not east and make it

difficult for chinese companies to move capital outside the country. last year, severally, you states tightened requirements for investment from nani, you or 3rd party countries hindering some takeovers by chinese companies. the currently tense ties between the you and china could mean more headwinds, so that countries investors in europe. and let's take a look now at some of the other business stories making headlines around the world . spain and portugal became the 1st e u countries to win brussels approval for their recovery plan. seeking funding from the blocks multi 1000000000 euro corona virus rescue fund. a commission president ursula underline held the plans from spain and portugal as moves toward a greener and more digitalized economy. money will be distributed in grants and credit. germany exported nearly 6000000000 euros worth of weapons last year. however, a government report showed that export licenses for german military equipment fell

by more than a quarter in 2020, because customer for german arms was hungry all by egypt. israel in the united states the blood supply bottlenecks are adding friction to germany. economic recovery. that's according to the newest us, the assessment rather by the countries: evo institute. it revise is 2021 economic forecasts. predicting growth of 3.3 percent this year. that's down less than half a percentage point from its march forecast. or the pandemic has it. german retailers, especially hard trade associations estimate as many as 120000 retailers have been forced to give up their shops. but some of those in the store fronts are already being filled by companies. the previously only existed online, mary, jamie o, christopher. each of the leather products in gusty laid is new shop. has a name about the rust up based company has been trading since 2009. but most of the

time customers had to order online. product information was only available by a video. gosti laid a sound, wasn't happy about that. no. was he happy about the $200000.00 euros a month? he paid to keep his company at the top end of search engine results. and so he decided to escape from the internet as he puts it down. and i'm just online because in the end, you're incredibly dependent on facebook, amazon, and google. when you're online and he stops me denied here in town, i can make my customers again and. and we can also talk about products. we don't have an arrange for the product tags nor feel. the new outlet in one of berlin's prime locations in the central emitter district is the latest of $23.00 across germany. and it's not intended to be the last to become very easy to find cheap retail space during the pandemic 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 later to the internet. and wanted to resolve. appendix is terrible as it is, has also spots a movement in the commercial real estate market. and we're often contacted and asked if we perhaps like to take over some shop or other colleagues invoice and with customers increasing a 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. but you may have heard of christiano

rinaldo, the global soccer star from portugal, has a certain way when it comes to brand marketing. at the moment he's on a pretty big stage, the 2020 european football championships. and that's led to a strange incident involving a coal company soccer tighten christiano. rinaldo made waves on monday, not on the field, but at the press conference. rinaldo is a known health advocate and this simple removal of to coca cola bottles from his view coincided with a 1.6 percent dip in the stock value for coca cola. that may not sound like much, but it knocked off $4000000000.00 from the company's value. in a statement, a euro 2020 spokes person said players are offered water alongside coca cola and coca cola 0. and that everyone is entitled to their drink preferences. the

porch again captain wasn't the only one making waves with his choice of beverage, french midfielder. paul bought a practicing muslim, removed a bottle of heineken from the table before his press conference. the beer isn't other sponsor of euro 2020 or that's it for me. and the dw business team here in berlin is always, you can find out more about these and other stories online, w dot com slash business. check us out on facebook as well. if you like, watching the news. hello guys. this is the 77 percent. the platform for africa is used to be issues and share ideas. you know, we are not afraid to catch on top of africa relation is really

young people clearly have the solutions, the future on the 77 percent. now every 10 on the w the only feels jewish life in europe. ah, that's what film producer, bona and journalist eas, could no more exploring, delving into history and the present. ah, some things are painful, many or surprising. everything is important because life is so much more than

what you think, you know? because i would never have thought that i am so free to remind myself because i grew up in a completely different way. broad pluralistic jewish in europe. the 2 part document re, starts july 5th on dw, the me see where, oh, where would we have the during the corona virus pandemic. if we hadn't had this movie 3, many of us been countless, i was doing it down linked to our tv and computer screen 5 full box. if you didn't have cinema, at least we had shown.