the presidency of the g. 20 we are. how will the rent remote in leadership shape? actually most of the global economy and how to make the construction into 3 more sustainable. we'll give you one concrete example. this is the w business. and kate ferguson, thanks for joining me. troy sir has kicked off the new year with 2 major moves towards further integration into the european union. as well as adopting the euro common currency. it's also joined the passport free shan zone. for the next 2 weeks, corporations will be able to use both their old crone up on both on the euro. then it's final good bye to the old currency. the country joined the you 10 years ago and how to introduce reform is to prove its economy was sufficiently stable to join the monetary union joining the euro zone. shang and travel zone will provide a big booth to the countries tourism industry, which account for a 5th of all mac, i put on with badly hit by the public. and for more ines,

that spring intentionally were forced stephen fiercely in the croatian capital zagreb. steven estate, 2 of the euro in croatia. how are people adapting to new currency? yeah, hi kate, this is actually the 1st day that businesses are fully open since the holiday and since that day of introduction of the euro yesterday. so we're gonna see a lot more transactions taking place. we're in see a lot more of the currency entering into circulation from a very practical standpoint that poses challenges here. the exchange rate is a very precisely fixed, which means that cashiers waitresses have to do a lot of math if someone's paying them and kona you can still pay in corner the old currency for the next $2.00 weeks. but you will get euro's back. that means a lot of fast math. i had a waitress tell me yesterday that it was just too much actually for her to do in her head. and she started giving back corners because she couldn't figure it out or, or do it fast enough. so there is a bit of excitement also some apprehension here. you know, the euro isn't brand new to croatia through travel through business that they are

familiar with it, but now becomes at every day currency. and one of the apprehensions here is that because of that precise exchange rate, that you will see prices move upwards, they're going to be rounded upwards. and then of course, let's remember that there's a lot of sentimental attachment to the old currency to the corner. that is the currency of croatian, independent since 1991. so for some people that's gonna be hard to say goodbye to okay, for a little bit of nostalgia that you've actually been speaking to the head of calais, have central bank about the advantages of joining the euro. let's take a listen to what he had to say. the thing the last years when we heard the serious of cries, have shown that for the country was lucretia. it's her cheaper, easier to be part of the large currency block then to be close to the blog, but outside. and then when there was a crisis, you're all this hit more than the ones who are within the current. you know, of course, there are also other benefits we know of. crecia will benefit because it will

become a more attractive or investment destination. we also tourist countries. 70 percent of our tourists come from the eurozone. it will be easier for them. and the transaction costs will be simply a lower for steven lot of advantages as being described there. but either any drawbacks. yeah. one of the biggest drawbacks just looking at it as with any member of this currency union, is that you lose individual control over your own currency. and it's not just about sentimental attachment, but that's actually about being able to devalue or strengthen your currency or to meet the economic situation in your country. croatia is, in many ways it is comparable to other currency members, but there's also low wages here. there's lower pensions here, a stronger euro could hit them hard. and if there is an economic downturn here, it means that they just are one of 20 voices in frankfurt at the european central bank. that has to work to decide how to respond with monetary policy. and by far,

they're not the strongest, or there is believe that there tend to be a bias more towards germany and france that, that's going to be a problem here. so an advocate say that there's more pros and fewer cons, but we'll see how it goes. louisville and they've seen bentley in fact, thank you so much. now, 2023 is also a big year for india, which has taken over the presidency of the g. 20 group of major world economies. it's both a challenge and an opportunity for prime minister to rent, or modi who takes on issues including russia's war and ukraine. continuing effects at the pandemic and growing food and energy insecurity. the last day of the g. 20 summit in bali, the presidency goes to india. it's a big job. the g 20 represents 19 major countries as well as the european union. andy is expected to push international debt, economic growth, and food and energy security to the top of the agenda. it also wants to showcase

its own advances and its role in technology worldwide. india with these a tough job of navigating the biggest economies in the midst of a global downton. and at a time of escalating tension between the united states and china. the long term impact of the pandemic and the war in ukraine are also challenges that india have to grapple with in its ear of heading the g 20. there's a theme for this years, presidency global unity, one earth, one family, one future and even a government created logo. but there are power politics at work as well. india sees itself as representing a particular group of countries. we have the rare opportunity or being in the midst off the global south leading the g 2 a and b for, for successive years. and i think that makes it a great opportunity. not only for india, but to the country that the south within the g 20, who deals with situation,

which is getting extremely difficult. rid the big power rivalry between the with us and china, the g 7 and russia is, yeah, you know, stultifying all decision make it look at we have to look at the real problem, build the world. well, not creating new was an ambitious agenda. india has plenty of work ahead as it takes the g twenties. how for more in there? less talk to detail, the highest finance arrow kite. ok. in delhi, cheryl india is taking over the d 20. present the at an incredibly tumultuous time for the global economy. what is feminist enter, enter multi helping to achieve? well, a kid, it appears that there are twin object of sir behind this presidency. that known the model would be hoping to achieve. one would be to further strengthen his position domestically. because her ngo said to go for parliamentary balls next year in 2024 and her if far more the wins it again. he will win

a strict code dumb are which will be quite historic, are given in the as to mr. political landscape. so it was further strengthen his position to mr. kelly's earth, one of the objectives. and the 2nd is to project himself, or as as a global leader, as someone whom the world listens to. and as someone under whom the world has finally started listening to india, this is a kind of prediction that he's been given continuously for the last 8 years and would only try to. but stress that during and years you 20 presidency kit. and thinking of that global image, modi's office, bethany to deep politicize the global supply of food and medical supplies. how will he be able to achieve that goal? well, you keep that it's, it's a $1000000.00 question. he has talked about it. in fact, he wrote that in an opera that was published in the russian newspaper. and of course the reference was to doug supply chain of wheat and fertilizer that has been disrupted because of the ukraine war. but deep politicizing,

it is easier said than done because, or how easy is it for our own before even the g 20 to change the patterns or supply chains and to prevent or to sort of insulate them from geopolitical crisis that might emerge in the future. that's, that's a big challenge and in any case in guys taking up the presidency or in, in a very challenging time, there are multiple crisis that in your will have to negotiate. so it remains to be seen how there's a deeper the designing will happen. gate they did mentioned that this could booster moti politically. but how else could there present the help in the us national interests? well, a kid in yet has been navigating, you know, a very, a difficult sort of a stand ever since the ukraine war broke out. or we know that the west has been upset with india continuous relationships with russia. now not aligning with the west in the united nations, not calling out russia as an aggressor as the country that invaded ukraine. and at

the same time, india has also been moving to western camps like the quad ah, but then are ahead of the g. 20 president, seeing there has been talking about championing the cause of the global south. so there are various competing geopolitical interests, that india, his is involved in and balancing them will be something that india would be really wanting to do. but again, it would seem to be very, very challenging. during this presidency. kate, i take, i take, thank you so much. the construction industry is the 3rd largest source of pollution after the energy and transport sectors. in germany alone, some 200000000 tons of rubble accumulate every year. over half of that is concrete and only a tiny portion of it gets recycled. but as you'll see in our next report, the potential for reusing concrete is huge. it won't be long until this concrete

trouble starts looking brand new again. every year, 280000000 tons of concrete are made in germany. the whole same company specializes in recycling, building materials. first, the concrete pieces are crushed into granules, then sorted by size, before being re sold to cement makers. good for business and the environment. which i know off no, no could processing, can save us millions of kilometers off truck journeys. usually the sandra acquired to make the concrete is extracted from large bits and then transported hundreds of kilometers. it's the same for gravel. the 2nd ingredient, but gravel and sand are becoming scarce. this of the, of what you're looking at here used to be a bridge or fro, slap or a house, and we're making a new one out of it. all of that material would have gone into landfills or ended up in some backfill and we're able to make high quality building products out of it that are used in new construction. well,

i use the recycled products are then delivered to the customers such as this concrete manufacturer in their local area. recycled products stand out because only 2 percent of building materials are made this way. but on this site, they are relying on recycled material accounting for 30 percent of production. it's also cheaper at this plant, the material is mixed and shipped to customers. this company makes concrete blocks from recycled sand and rock renewals in the lab. they test new mixtures for their blocks, experimenting with color, shape, and ingredients to increase the recycled content. which ranges from 30 to 40 percent obama. you know, up for this is about up cycling, which means we're deciding for high quality line with gluten through this brick

look, look, is a whole new surface loyal. and this is what it looks like in the end, a new generation of recycled waving. lots of green grass speaking through the areas we're water can drain away. it's what many customers want these days. and this part of the concrete industry is ready to sprout. what a great idea that wraps up our show for more you can always go to g, w dot com slash business. were also on the deed of the new. did you tell me the team? it's to buy a ticket with with

a joy ride through fascinating worlds. into uncharted deb our guides and know their way around with a strictly scientific trip to some pretty wacky places, with curiosity is required to borrow today in 30 minutes on d. w ah, with in many countries education is still a privilege. tardy is one of the main causes,

some young children walk in mind jobs instead of going to class. others can attend classes only after they finish working with millions of children, all over the world can't go to school. we ask why? because education makes the world more judge a make up your own mind. d. w, made for mines every day counts for us and for our planet. global ideas is on its way to bring you more conservation. how do we make cities, reader, how can we protect habitat, what to do with all our ways? we can make a difference by choosing smart solutions. overstaying said in our ways global

ideas, environmental series included $3000.00 on d, w, and online. oh this is d w. news live from berlin. brazil says good bye to football legend. pele strikers body is lying in his hometown stadium. thousands of fans are paying their respects before his funeral also and to show the faithful bid farewell to former po benedict mourners. at the vatican, pray.