great, and it helps you to express your individuality. the school teacher turned god, mother of pung, leaves behind a life long legacy of rebellion. your watching d. w is just a reminder of the top story we're following for you this. our football legend. paley has died of cancer, aged 82, he help brazil when 3 world cups and a scene is one of footballs, greatest players. they lay enchanted fans and dazzled opponents of dex. we've got business for you, and of course you can get all the latest news on our website, d, w dot com. thanks for watching with we've got to understand that globalization works,

but it is not reach more than 30 percent of the world population. very simple. that facility that's very convenient for the chinese. after all the port will be for very excused and used by the mediterranean as become a kind of great sarcophagus. if anything he was proud of, it was to be a steal worker, like his grand parents and his parents. this is his do, his did come here for the driver, who had the winners and losers. globalization, where do we stand? starts january 5th on d, w. ah ah, i'm stephen beardsley in berlin. here's look at our top stories. large firms in germany are about to open the books on their supply chains. a new law aims to reduce child labor and forced work around the globe. croatia which is the euro

caches out its own currency. the kona, there's we trade for many that the country health will pay off and yet also coming up fireworks are back in germany under 2 year ban on the sale due to cov, it business is booming. welcome to the shop, to creating degrading work conditions, child labor, even slavery, the extremes of modern supply chains are all too well known. the companies that benefit from such work and often plead ignorance, a new law in germany, hopes a change that requires larger companies to provide risk assessments along their supply chains and take responsibility for direct suppliers. this dental company from vill bertin, germany's industrial rural pot has long relied on a traceable supply chain. it makes industrial sold, abbas, and also sold a wire and buys tin from a certified mine in peru using a smartphone and a q r code. you can follow the supply chain. the product can be traced back to its

origin using block chain technology. 6000 kilometers away in rwanda, up here to their minds that care about employment contracts, occupational safety and guidance for the employees such as the mines of raw material. group, luna, smelt up. however, this is still not the norm here, late at the sand, off my knee in the land. unfortunately, still art is a no money which lack of proper money procedures, and now as safety, the safety level is quite for a block chain records. the data of the shipment here on site for tin extracted here is mostly exported to asia and europe, back in germany, sternal process around a 1000 tons of tune the year. the company itself isn't covered by the new supply chain rules. it's too small. instead, it offers an example of how other firms may trace their supplies in the future.

over big companies, the new law means big changes. but there's also been criticism of the measure from advocates of tighter oversight. my colleague lars halter spoke to myself. roger, the president of the german institute for economic research. nicholas's mother fletcher, there are 25000000 people in the world who are doing forced labor. there's the wrong, $80000000.00 child labor us. is this new law putting an end to this? no, the new law will not put an end to this, but it will put to the bar a lot higher for companies to produce worldwide. it will protect human rights, protect labor standards, environmental standards. so it's an important step in the right direction to protect people also in the weakest, the poorest country of the world. and it's also protecting consumers in the rich countries because they are looking more more at these issues and saying we want high standards. we don't want cheap products or sells. pretty good. you have been

a little bit more skeptical in the past. is this now the law that you want or how could it be improved? my personal view is that the law could have been tougher. it gives a lot of ways for companies out to say, look, we are not responsible, we don't want to be responsible. but by large, i think it's a good law because it tells german companies look, you are responsible for ensuring that along the entire supply chain the standards are met and there is no abuse. this is a high bar particular for small companies that are not able to control every step. but that is not necessarily the problem. that's the idea to say you're, you're responsible if you have doubts, cut your supply chains, or make sure that standard summit and how hard exactly is that? if i want to look at the business side of this, what does it really mean for companies? how hard is it for them to comply with the new law?

it will be hard for some companies to comply. it can be that some companies will say, be leaving a particular country because we cannot ensure that the standards i met. many companies, many german companies, considered a disadvantage in the competition with other companies, but i think this is wrong. i think this can be the case in individual individual cases. but by and large, when consumers are looking at the product and say, we want to be make sure that the product i'm buying is meeting very high, ethical and labor standards and environmental standards. then this can be an advantage for companies because they can prove, look, we are complying with these laws. our competitors are not. and betsy idea to move towards that the system that consumers are wet and reward companies, meeting those standards. is this message clear to the companies? how do you view the company's views of this? do they see this as a potential advantage?

or do they see it more skeptical at a disadvantage? most german companies of course, skeptic or not all of them. so my actually in favor of that law on it and even half the men in favor of a tougher law. but to him clearly this lot crating some uncertainty for companies. how little will they cope? can they really prove the standards? will there be potential costs involved? it creates uncertainty, but i think time will show that if this laws implemented properly, if it sets the right incentives that it moves every one of the right direction, namely meeting higher standards and consumers rewarding. prudent behavior on behalf of companies was the flutter. thank you very much. my colleague lars halter they're speaking to marsal, fracture he's president of the german institute for economic research. let's good out of some of the other global business stories making headlines. u. s. department of justice has filed a lawsuit against drug distribute distributor amera source. bergen prosecutor say the company fuel donations deadly opioid crisis. by failing to report hundreds of

thousands of suspicious orders of prescription drugs. it could face billions of dollars and penalties. electric cars might become less attractive for consumers in germany next year. that's according to the association of motor vehicle manufacturers. that's due to the higher cost for electricity and reduce government subsidies for plug in hybrids and electric cars. the 1st legal cannabis dispensary has opened in new york cities east village housing works. a non profit organization is the 1st of 36 licensed dispensary is allowed to sell the product to the public in new york housing works group is dedicated to finding homelessness and aids portugal infrastructure. mr. pedro nuno santos has stepped down after a backlash surrounding executive compensation at state owned airline tap. it was recently, it was recently revealed that a member of the government received

a 500000 euro payout. when she stepped out from the board. a beginning sunday croatia has a new currency. the euro is the 20th country to join the common coin and the 2nd from the former yugoslavia, following sylvania for sancho ations as a time for excitement. others fear that with prizes already rising. a switch to a new currency could make things even harder. this during the day in december doesn't quite seem the time for a visit to meal and speech hotel, but he keeps the place open. some guests are coming all year round and he's got high hopes for the next here. me what the lady who town as are looking forward to the euro, our job will be much easier. there's no more need for exchange, but i understand some people are afraid of the transition him up on a lot equates to styrofoam or tech railroad. tourism is the biggest urn or for the creation economy and preparations for the change to the new currency have been underway for months. but citizens opinion is split on the market in creation

capture zagreb. it's easy to find dissenting voices. nick, obviously we are not happy. everything was okay. nato. you everything. but they shouldn't take our currency or aqona. it has been our money for ever. our grandfathers used it. it should stay here, but i did obviously, my little they, they all of that. yeah. i made a 3 years old. i don't care anymore. but it was pensions in croatia hovering at around $250.00 euros per months. older people will be hit the hardest, in a nearby bakery, a big, honest loaf, still costs 18 corners, 70, and will become 2 euros. 48, boss ivana, feel uncertain about the future or says o corrosion or prices will be rounded up for people, have mortgages, interest rates will go up, and things are already expensive. after the 1st of january, we don't know what to expect, not us, our sides. i put of upper boxed on us jake oliver. the buske around the corner

still takes which ever currency people throw into his box. i play for both for euro or for kona. but for the economic outlook of this relatively small country, the change will make a big difference. and economists and you were, your chic believes politicians are taking a gamble that or twist up or introducing the euro to croatia is purely a political decision under the assumption that will bring us closer to europe. but liberal, create great problems for the creation economy. even though the u officially determined krasier was fulfilling the master's criteria allows eli, or yet the real condition is that we should have roughly the same level of development as that you average. but we are 3 times lower than that, because we don't fulfill any of the real criteria creation, don't have any benefit from introducing the euro, or modeling. i think what is good or door ginia? era?

down at the beach hotel owner milan is not intimidated by the big economic picture . i order the euro, shang, in europe. it means a lot for creation tourism. and it shows were part of europe. it's a big plus for croatia all day. this new year was at new currency and open borders . you can fear it or you can reach it was optimism, was speaking of the new year after a 2 year pandemic hyatt, us germany, is once again allowing the sale of fireworks. it's a new year's tradition that is sure to go off with the bangs we can get them while they're hot. fireworks are once again for sale in germany. in the run up to new years eve. this year that means december 29th to the 31st. germans from the country side to the cities will ring in the new year with typically a lot of sparkle and a lot of noise. you're missing. we haven't been able to set off fireworks for 2

years. it's a must this year. but also we can do it again. so we thought of course we're going to the moment of published at amazon with pre orders. we've spent about $200.00 euros. so yeah, we'll enjoy it. the v. p. i pyrotechnics industry association is expecting a $120000000.00 euros and fireworks sales this year. manufacturers hope for rocketing sales. many watched previous years, inventories get dusty in the face of benz robins, which means we lost more than 40 percent of our workforce, even closed our largest plant in germany with our in house production. despite that, we are hopeful about the end of the year when hawkins fall off to see i was. and while mary makers are excited to light up this weekend, those hospitals and environmentalists are worried about smoke and localized pollution, of course, but also about the medical risk to amateurs handling explosives on german streets is. look, the top is

a story we're falling 40 this. our new supply chain law takes effect in germany on january 1st, the aim of reducing instances of child labor and slavery. among other problems, companies, least 3000 employees will be forced to open the books on their supply. chains. take more responsibility for direct suppliers, right? that's our show. we'll be back later with more headlines in the meantime. you can check us out online at dw dot com slash business. we're also on you to are the dw news channel. i'm from beardsley. berlin, thanks for watching. ah, with imagine as rebuilding a greenhouse in every fellow, an energy blonde and an every ruin housing. what is being

designed today in the metropolis as of tomorrow of living pro active climate protect our future cities next on d w. but they want to know what makes the german here just in the gym. love and batting thing that way. but i'm not going to have to watch my own car and everyone with later holes and everything. just getting, are you ready to meet the german? gonna join me, rachel stuart on d. w. ah, ah, what my now cities look like in the future. shiny dream scapes.