1000000 loves a day, that's $6000000000.00 begets a year and sold for about a euro and might be worth taking a bite bone apathy. quick reminder of the top story that we're following for you here on t w is china's top covey response official has hinted at a relaxation of the hard line approach that has sparked on breast and destructive the economy. big cities like won't show and cha ching have already started easing cove. it restrict next f as business me as if my colleague steven currently does say with us if you can for that i'm sarah kelly and berlin. thank you so much for watching. with fred. shell filled with explosives and

a symbol of power. rebellion and sensuality wound by royalty and icons. the like a magic wand and grounds for divorce. guy with a cannon full cultural history with secret weapon lipstick doth december 3rd on d. w. ah, ah, brewing tre, dispute between europe and the u. s. is bubbling to the surface of french president, about wilma hall meets with joe biden, or america deep pockets, and its new climate legislation distorting adverse,

but between the 2 sides. also in our show, india expands its pilot project for a new digital repeat. we'll hear from our correspondence in delhi and russians who have fled the turkey might be wearing out their welcome in an economy where many are struggling with walking to show, i'm seen beardsley in berlin. super aggressive, the words reportedly chosen by french president, a man wilma cron to describe a new american law that he argues will distort. transatlantic trade. mccoy was speaking during a closed door meeting with us lawmakers on wednesday. today he'll have the ear of us president joe biden as part of a state visit to washington. the new law, the $430000000000.00 inflation reduction act subsidizes us investment that lowers carbon emissions such as electric vehicles across as it discriminates against european firms at a critical moment for the continent. what has happened in recent months is

a challenge for us because we are starting to have differences on energy issues. and the cost of the war is not the same in europe and in the united states. but the choices that have been made for which i shared the goals, in particular, the inflation reduction act, or the chips act are choices that will split the rest. because they create such differences between the us and europe. that for those who work at many companies, they will just tell themselves we're not investing on the other side of the ocean anymore. so let's take a look now, some of the other global business stories making headlines. new figures show the u . s. economy expanding more than previously thought during the 3rd quarter of the year g. d p growing by 2.9 percent. that's an upwards revision from the previous estimate of 2.6 percent. the economists are also expecting growth for the current quarter, although the trade deficit is growing again. twitter owner, ellen must said that he and apple c e o. tim cook resolved their dispute during

a meeting on wednesday. and earlier this week must had said that the tech giant had cut advertising and threatened to remove the twitter app from its app store. the former ceo of crypto change f t x denied committing fraud and apologized for the mistakes in the collapse of the cripple currency giant. the video saving a wednesday, sam bank mon fried a said he did not deliberately mislead investors, who have been unable to withdraw their funds from the bankrupt platform. fashion retail or h m, has ended. it's russian operations, closing as moscow flagship store. the swedish clothing company also said it would be laying off $1500.00 employees worldwide to contend with softening demand due to rise and inflation. it's the 1st big european retailer to do so or india is expanding its pilot project for its digital repeat today. rolling it out to a group of retail users, they'll be able to make payments in real time using digital wallets. india is just

the latest country to move forward with a digital version of it. sovereign currency joins china, russia and saudi arabia, among other nations that are already running pilot projects of u. s. dollar and euro may also have digital versions one day. and europe might get there 1st, some years on countries like spain are already planning plot pilot projects for the digital europe. the indian government argues that its digital currency will improve payments and access to money. also increasing transparency. deli also hopes that a digital currency will take even more steam out of decentralized crypto currencies, which it has tried to discourage charo car to k joins me from delhi for more charge . this is the 1st retail pilot of the ruby. why now? well steven, to be sure, the r b i and the federal government have been working on this for a long time. in fact, we're back in 2017 was the 1st time when the federal government, us the r b i to study group to currencies and is to currencies. and that was the

1st time when the arby issued a warning against crypto currencies and started working towards the digital currency thing. now the idea is believed to be a part of at least $26.00 central banks that are, that are studying the calls that have been studying the concept of a digital to be, have been and resulting launching one. and it has been a gradual process about a month ago. the launch the digital to be for wholesale purposes essentially for government securities. allow the pilot for retailers to repeat begins today. it's a closed user group that has been treated for this purpose a lot, a full fledged public rollout. but a pilot, how can we expect consumers and merchants to adopt and e repeat? what will be something that they embrace well, it remains to be seen as stephen. first of all, we need to remember that what is being launched today is a pilot. so as i said, a close to user group a will be a part of the spy look, select banks have been selected for this and eventually the public response will be

visible only after a full fledged rollout is offered to the public. now it remains to be seen by the public will accept it or not, but what we have seen is that u. b i, which is the 1st form of digital payments that in the, introduced a couple of years ago you get, has really flourished. and people use you before even the smallest of transactions in that everyday lives. so digital payments are definitely are, have become very popular in india, so would be good or digital would be could also have a bright future. broad remains to be seen as a spouse to charge. you mentioned crypto currencies, the india now taxing crypto transactions pretty heavily. why has the government they're taking such a hard line against crypto? well, yes, you're right there, steven. it's, it's a hard line. in fact, the tax is only so as not to be able to ban to currencies because they continue to be very popular will. now, of course, because of the slump in the crypto market,

crypto investors are a little bit wary, but there has been enthusiasm in the concept of those for a very long time because of which the government has stayed away from a ban. but the tax is to discourage people from using criptos. now the r b, i has been saying for a long time that the crypto currencies are volatile, they are unsafe and they're not necessarily the best instrument for countries like india, where even financial inclusion is, is something that is that government really needs to expand. so for several reasons, the r b a has really been against doctor sees. it has also highlighted that it's digital will not accept a currency. it's, it's, it's, it has a sovereign backing. it is being regulated by the central bank. so the r b i has really big to differ from some analysts who say that this is a, that is to be, is the governance official crypto student. or i, my colleague char, to k, from delhi. thank you. with western sanctions taking

a bite out of their country's economy. many russians have headed abroad including to turkey. but the presence isn't seen as a positive by many turks who are facing some significant challenges of the road. it stumble airport, flights from russia land here daily. among these passengers are many young men opting out of fighting in russia's war in ukraine. arturo landed on a flight last month, shortly after partial mobilization or deployment was announced. he staying with his friend myisha and settling in quite well chosen. homer drew people, i know here i found a russian bank and payment system that can make transfers from russia to a bank here in 3 steps. school, why? which is what this year more seriously wrong. but what pleases our tour here, infuriate starks while they are suffering the russian visitors are doing extremely well. and it's not just them. 2 months ago, beller russians. vladimir and olga arrived in antalya and set up at tennis academy

. of course on valley is perfect. i feel like almost at home because to me and the russians began from different directions, began cancers. but you have every scene kindergarden school business is going well for their apartment. the entrepreneurs can afford to pay $3500.00 euros. 7 dines the average turkish salary agency guys, they already told us that through kesh citizens and i have very huge problems. they can't l. sam sells to rent fled z comp time because every one looking for foreigners for turks like eunice, emory, the rents are unaffordable. the 26 year old teacher was affected from his old apartment after his property owner raised the rent 5 fold. so he moved in with a friend the homes and amazon. i used to spend about 10 percent off my

salary and rent, you know, that's over. now it's at least 50 or 60 percent if i can find anything at all and it is of an outdated. now, there is anger, especially at turkish businesses and property owners. after all, they are the ones benefiting from valley rush inclines. we're driving up prices. it's a success story made in vietnam. the electric car maker vin fast, was founded only 5 years ago and is already supplying vehicles across asia. now it's cars are reaching a major new market take look. it's the 1st ever shipload of cars to leave vietnam for the united states. the head of the company has a simple explanation for why there are exactly 999 of them. everything we knew had to have that have a lucky number. so we pick 999 cas. vin fast is vietnam's biggest success

story. even the prime minister came to celebrate this export milestone. the car factory in high pung was only inaugurated 3 and a half years ago. the company exclusively manufactures electric vehicles, and its planning factories in the us and europe. vin fast says it won't be deterred by the us inflation reduction act that was passed a few months ago. among other things, the act favors us battery producers with tax offsets that are not available to foreign manufacturers. i came as a surprise to, to, to all of us. however, it doesn't really impact our strategy in the us. we as soon as we have, well, we start manufacturing cost in the us. our customers wouldn't be eligible to the

$7500.00 taxed. incentive vin fast offers a 10 year warranty on it's vehicles and it rents its batteries, so customers don't have to worry about them. it's a gamble for the company that fin fast has a history of lucky payoffs on big beds. here's a reminder of the top business story we're following for this. our french president, amman, wilma colon describes a new american law as super aggressive. he says, the $430000000000.00 inflation reduction act passed earlier this year is subsidized . as u. s. investment lowering carbon emissions, including electric vehicles, discriminates against european firms at a critical moment for the confidence india is expanding its pilot project for its digital ruby. today, rolling it out to a group of retail users, they'll be able to make payments in real time using digital wallets. india is just the latest country to move forward with

a digital version of its sovereign currency. joining china, russia and saudi arabia as nations running pilot projects. that's it for me and the business team here in berlin. you can find out more about these and other stories online at d, w dot com slash business. you can also find us on youtube or the d. w. news channel . we back in a few hours of more in the meantime. thanks for watching india . sand mind you have to coast. mm hm. by driving bus and legal billions on that with the devastating impact on the environment. to do so,

my lead stood up against the found matthew and was threatening me down to attack multiple times. eco india. next on d, w. d double used crime sliders are back that africa's most successful radio drama series, continues them all episodes are available online. and of course, you can share and discuss on d, w, africa's facebook page, and other social media platforms, crime fighters, tune in now with we live in a world of finite resources and yet with pledging the planet like this, no.