and there is plenty more few on d, w dot com and on d, w, social media channels. instagram, twitter or handle is dw use. i'm pablo lillius. i'll be back again in a little over 3 quarters of an hour of thanks for watching. take care. make sure to watch with, [000:00:00;00] with being for him real time on social media. and if it's in his instrument to one of the people shaping public opinion, the key word share is the word fate. where are the right digital battle lines being drawn?

the propaganda war for ukraine. russia's warning ukraine one year since the convention began. take a look back and into the future. in the slow rain. in february on d, w. oh, the most powerful figures in global finance are gathering and spangler room to hash out a plan to diffuse the ticking time bomb of sovereign debt distress. also on the show can malaysia offend its way out of a cost of living crisis. prime minister on war ibrahim is getting ready to present his budget and the shorter work we've proved that long and benefit

a major trial in the u. k. is being hailed as a success. this is the w business. i'm janelle dumas on. welcome, central bankers and finance officials from the world's top 20 economies are gathering in india's tack capital bank alu global debt troubles, and default risks are headlining the agenda. india plans to ask lenders including the world's largest sovereign credit or china, to take a large haircut on loans. several countries in the global south have seen their ability to pay down debt compromised by inflation. following the pandemic and the war and ukraine as the host nation in the i will be aiming to present itself as the leader of the global south, as a jockeys with china for regional dominance. our correspondent chariot cartucker, joins us now from deli charo sovereign debt. seems to be the key issue,

dividing the world's finance ministers at the g 20 this week. can you explain the difference and views desperate, janelle, it is the most important issue, and which is why it has been a it is likely to be deliberated at the g 20 as well. even the u. n. has entailed upon the issue ahead of the g. 20 meeting and it has given this figure that countries which are high in debt distressed the account for more than 40 percent of the world's poorest people. now the problem is that her india and several other nations are pushing for all kinds of fur lenders across the world beat sovereign nations and beat and multilateral agencies as well to take a haircut. while the problem is that among the biggest lenders, which is china, china has been pushing that multicultural lenders or financial institutions like the imo of like the world bank. they should take the lead in taking this a hair cut and giving a debt relief to nations. while the list of nations on the brink of default keeps

getting larger. janelle, so china saying you 1st to the multilateral lenders, but how successful will the g 20 be in getting china to at least consider a large haircut on the lower? well that's, that's a $1000000.00 question. a lead countries are looking at right now is going to be very tough. but the list keeps going on. free lunches are gonna an ukraine. they've recently joined this growing list, lebanon in zambia. these countries are already in default, tunisia, pakistan and egypt on the countries that are on the verge of defaulting back is on, is very critical situation. lot of discussion on pakistan in se shirts and discussion, or with the i m f as well. and pakistan incidentally also has a, a lot of fur dig, a lot of loans from, from china. china has been pushing really hard. this has been going on for quite some time now. it's not really something new on the global finance table, but it remains to be seen what the g 20 meeting here in big lou can achieve on this

front. janelle, so debt really is a ticking time bomb. we've heard that before, but finally there's the elephant in the room. sharon india is supposedly trying to avoid the use of the word war in all official statements coming out of this g 20. given that this isn't a gathering of economic policy makers and the war has lighter economic consequences for many of the countries represented there. why is india doing this? well, if you go to the shore, the indian government has not made any statement on this. so we don't really know for sure what the governor be when this is, but yes, it does seem logical given the stand that india has been, india has been consistently taking in the last one year while it has condemned the war. it has not condemn the aggressor, meaning russia. and now there are reports that india as the head of g 24 this year is also trying to push that a brush. i should not face any more sanctions because the sanctions which already exist in your fields, they have disturbed the global economy significantly,

therefore no more sanctions. so this is also in keeping it seems, at least in keeping with india's effort. therefore, india wants to terminology to, you know, focus on words like crisis or challenge and not really wars so as to be able to her b, in consistence with the stand that it has taken over the last year. janelle, the problems go beyond language, of course, are corresponding cherry car to care there. thank you very much. and having to spoken of the risks of high external debt. there is one country whose finances are under scrutiny. talking about malaysia, of course, malaysia's prime minister and war, abraham was also the country's finance minister is presenting a revised budget on friday. he's vowed to tackle malaysia's unsustainable debt levels and the cost of living crisis ah lunch hour in kuala lumpur and taxi driver. roger is looking out for a cheap eat his after

a meal deal called menu rama is an initiative launched by malaysia ministry of domestic trade and cost of living. and ames to provide the needy, where the meal for just 5 ring good or bad one euro. but finding each res, offering it is tricky, one, listen, bless people. no, no. roger has heard about one place downtown, serving it up. okay, very good. it turns out the menus only available from 3 p. m here. he says the program appeals to those tightening their pass strings, like many people in malaysia, low income bracket. roger has been struggling to make ends meet. you go live in re add to brenda, meager, her right. holy with i met block that job, run up, people with the menu rama isn't subsidized by the government. it lies on eateries to participate. voluntarily. report said there are more than $12000.00 taken part country wide. fast food outlet, burger king is among them. hendrick,

young as manager of the restaurant, roger went to he says, the business doesn't profit from it. he's uni that we will do it for at least 3 months after that we must look at it again. we'll see if we have the budget to continue us. critics have questioned whether menu rama is sustainable in the long run. regardless, many economists agree more robust measures are needed to tackle inflationary pressures as the country's leader and what abraham repairs and vail is made in budget. many people are closely watching how he'll suit the situ. the militia also grappling with the huge fiscal deficit early this month, the promise to reveal the debt and liabilities to that one and a half a trillion ring gets around $320000000000.00 euros accounting. more than 80 percent of the country's gross domestic product. at the same time consumption subsidies a forecast to reach a record, 80000000000 ring good, or bad, 17000000000 euros in 2022. the government says it wants to narrow that expenditure

and make it more targeted towards low income groups. but balancing the need to rein in debts while maintaining concessions will be a challenge for malaysia, new unity governments as much at stake in terms of her sentiments are on the ground . right. and what people are looking to the government to, to provide, i think the, it's quite heightened right now with struggles with cost of living and just after an election as well. i think, to sustain optimism that follows on, on elections. and was government is made up of a tenuous coalition of traditional rivals falling and inconclusive election in november. malaysians like roger are hopeful, the administration can reverse what they see is mismanagement of the economy by the previous government. but it will take more than just cheap piece to stay in power. now to some of the other global business stories making news, german software giant s r p co founder has so partner will leave the tech firm after more than 5 decades.

by 2024. the billionaire will step down as chairman of the supervisory board, a position he's held for 20 years plot, nor is that to be replaced by indian american unit ranjan, former ceo of deloitte french lender, b n. p. perry ball is being sued and friends over fossil fuel financing. 3 n g o's, including oxfam and friends of the earth, want the ease, biggest bang to stop investing in fossil fuels. the case is based on a 2017 french law. several organizations in even the government are facing similar legal attacks in france. one crucial ingredient for electric vehicle batteries is lithium, and mexico is hoping to be a major supplier of the mineral mexico. the president of the door has signed a decrease nationalizing a lithium reserve found in the north of the country. it's a deal bound to interest electric car maker test lot,

which has its eyes on building a factory. there. mexican president, andreas manuel lopez over a door as hoping his country will become more formidable force and the electric battery market. he signed a decreed, nationalizing lithium reserves found in the northwest state of sonora on the us border. a move he says will prevent the resource from being exploited by foreigners, particularly russia, china and the united states. moreland issue, the decision has already been made. the law has been passed in the legislature and the lithium belongs to the nation. build. tesla has expressed interest in building a plant in another northern region, while president abra door welcomes the electric car makers presence in the country . he's concerned the north might not have enough water to support a factory. he's touted the south an area where he's trying to draw more investment . and we're 70 percent of mexico's water comes from president obama door and teslas

ceo ellen musk are expected to discuss the issue directly. i know you how to resume . now for this next story, you might want to make sure your boss is listening and the u. k. the world's largest trial scheme, allowing workers to take an extra day off each week is being hailed as a success. most of the companies involved a say the benefits have made themselves clear and they want to make the for day work week. a standard fay johnson smith brings homemade cupcakes into the office. she likes to bake in her spare time, which she now has more of her employer is one of 60 companies in the u. k. that took part in a 4 day work week trial. a found that just having that one extra day her week kiss me so much more time to recover our cook gray off to have his such an emotionally draining a demand and job. it will take a lot for me to look for a job elsewhere. now, staff have reported better overall well being,

but the payoff has been big for bosses to one expert. see was the so much was the, the drop in absenteeism as much the increase in happiness as production and tightness because the thing we were most concerned about was this idea that would people become more tired or more stressed because they were trying to compress their hours and that's not been the case. business is reported that revenue increased 1.4 percent on average, and 9 out of 10 companies in the pilot say they will keep the fort a week. some experts predict that not adapting to the emerging model may put firms at a disadvantage soon, your organizations that was causing jobs as old, like the week, is going to get the best times buying. so once we get that tipping points, it's not the question of whether the companies want to be in the, this new movement. it's question, if they're not in this movement, it's not going to get the employees,

they need convincing other companies to go. the new route may end up being the toughest part of the job. don't think the news gets a 4 day work week. that's our show for more checkout d, w dot com slash business, and the de de leon. you miss beanie to channel to thank you so much for watching eco, india asks how do we reduce the ecological footprint of footwear when a bad thing to which are for spain? and i think good. my said, so yeah that's, that's a win win for me. raising awareness is driving forward sustainable production. this is got it actually from the diet, with guided diet that usually ends up in the landfill. peacock, india on

d. w. with secrets lie behind these walls, discover new adventures in 360 degrees. and explore fascinating world heritage sites with d, w. world heritage $360.00, get out now with the production of a multitude of products, both essential and non essential requires a substantial amount of resources including water, energy, and other raw materials. unfortunately,