agriculture ministers, head to latin america, to supercharge climate co operation. and believe it or not, the 4 day work week is proving especially popular among small businesses who knew this as the w business. i'm janelle dumas unwelcome. the european commission has relaxed state aid rules for green technology companies in an effort to stay competitive with the united states. according to newly revealed plan for each member states can match government subsidies provided to other countries to ensure investments are not being diverted away from europe. it's a clear response, the united states inflation reduction act that grant subsidies the companies in green energy and technology. and that according to brussels, has given the us an unfair advantage in attracting such business. my colleague, kate ferguson has been following the story. welcome kit kit. tell us why is there

such an sense of urgency around this for i think i can best answer this question with a really concrete example. janelle, so earlier this week, german car giant fox wagner said it was we considering its plans to build an electric battery plant. in eastern europe, no. why? because it figured it could benefit from $10000000000.00 worth of subsidies at a similar facility in north america. note that of course has set off the alarm bells among european union officials, especially at a time when they're really looking to lead in the area of green energy transition. and they really got into a little bit of a tailspin about this. and they said, ok, look if you're a company that makes solar panels or heat pumps or electric batteries, please don't leave. we will are for you would ever benefit you've been hoping to get in the united states that you is begging companies to stay. that's a great lot. so how our investors are feeling about these plans in europe? well, i think it's fair to say that any mechanism that leads to

a thrive in green energy industry in europe is going to be of interest to investors . but there has been a lot of concern and a lot of legitimate concern you can say about whether the european union can actually afford all of this. some are talking about this idea of a states subsidy off. so in a sense, a tit for tat spending war, which will just lead to a drain in public finances and french president emanuel my car. he's been especially outspoken about this. he has actually called the u. s. inflation reduction act, a threat to the west thing. it will fragment countries, and so i think at this point, investors are really hoping that they'll be some diplomatic action and european commission present or so on. the line is actually in washington state for it talks with you as president joe biden, and there are some hope that they will come to an agreement that will lead to a kind of a free trade zone for clean energy. and that would certainly qual, fears that we're about to embark on a nother era of trans atlantic trade tension and no subsidy race. then hopefully

kate ferguson, my d. w. business colleague there. thank you so much. germany's economy minister, robert havoc and agriculture minister 10 austin here are traveling to brazil in columbia starting on saturday to discuss trade and climate change policies. brazil, latin america's largest economy, is seen as leading the charge in the renewable energy boom in the region which is immense. potential for clean energy, brazil is determined to lead to climate change race. a recent report by the global energy monitor shows that with 27 gigawatts of utility scale solar and wind facilities, brazil, latin america's biggest economy is already driving the green energy boom in the region. and almost 10 times of debt is planned to be oppression all by 2030. see you. but as you suffer me, thanks the day electricity production potential and to the resources we have. brazil could certainly be

a major producer in the coming years. one of the largest producers of renewable energy is especially in solar power equal to sonya literacy version her bills. he google, he goose get each day. but according to g, m analysis, latin america has the potential to be a worldwide leader in renewable energy. the countries in the region planned to launch nearly 320 gigabytes, so solar and wind power projects by 2030. that amount accounts for approximately 70 percent of the regions total electrical capacity from all resources combined. the abundant wind and solar resources in south america generate tara, what's of hope for a green of future. daniella allow her of the european union, latin america and caribbean foundation e l. a. c foundation, joins us now. welcome. so your organization works on the strategic partnership between the you and latin america. how much potential is there for renewable energy

cooperation between the til 1st of all, thank you for having me. thanks for that addition. so as you know, the community of lemonade can carry and see, and the european union has expressed in the yard ministries meeting in well as i was last year, the insanity of renewing our i regional crecia is specifically august all sustainable development and energy corporation. in the says, as it was mention our recently latin america has done the last to the gate as a financial progress in yoyo energy market and also bigger sci fi and it's energy composition. therefore, around 33 percent of the total energy supply to the region comes from renewed energy and also 61 percent of the electricity generation. for brazil, this is 84 percent. therefore, in this context the, that the,

the good as that be great amount of low cost. we own energy that are each in the region and their relatively clean energy mattresses. whereas allows the region to have also a potential of green hydrogen industry around to lead to haven't really exerted green hydrogen industry. that is one of the potential corporations of whether we have already heard on solar energy and also wind energy. and although these are, it's also important to remember that larry maker, there's a great amount of keen around for energy transitions. for example, 61 percent of the global league reserve is located in laughingly as well as 39 percent of the global cover. so all these, as i said, low rise renewable energy and yes and also the,

the minister are in the region, has potential of boosting a corporation know also industry. now denila agriculture, of course, also a key focus of this visit from the delegation. so what kind of discussions are you expecting briefly if you could? yes, we're on the one hand, it would be interesting to note that this young man's and in the last year in order to boost your skin. and also in the last, you know, the last gene is expressed interest. also in that, in more sustainable agriculture in brazil, which is going to be one of these passions. now this is, you know, in other words, a discussion, current order adjustment mechanism is going to be launch. i was called the chiral. he's kind of has not gone too old for to happen to make it ok for

july. and i'm very sorry, we're going to have to leave it there. the new arrival of the you like the nation. thank you very much for your time. thank you very much. now to some of the other global business stories making news. indonesia has unveiled the construction site of a new capital, twice the size of new york city to replace the overcrowded and rapidly thinking capital of jakarta. the $32000000000.00 project in the jungle is being touted as a sustainable forest city. animal rights activists say it shrinks the habitat of endangered species, such as a wrangled hands. it was president joe biden has announced his federal budget plan, including a 25 percent minimum tax on billionaires. he aims to strengthen asians deficit by nearly 3 trillion dollars by raising taxes on those earning more than $400000.00 a year and nearly doubling a capital gains tax of 20 per cent silicon valley bank says

it lost $1800000000.00 in sales of securities in an effort to raise funds with interest rates rising as the e thought heavy withdrawals and needed more liquidity, as may be worked with over half of us, tech and health care startups. the chairs dropped a 60 percent on the news taking other u. s. banks down as well. now i'm talking to you on a friday if the 4 day work week were in place and i should be well into my weekend already. now that's not quite my reality, but small businesses and london have held on to the shorter work week model beyond a pilot program widely considered successful. over the last customer of the week comes in on thursday. because in this bicycle workshop, frames are only repaired for days a week. fridays are off a dream for shop own anna,

who's drawn all fears overboard. you know where the customer's going to be upset because they in or they can only come monday to thursday. and are we going to have problems with suppliers and getting things when we need them? but then there are other things like and are we going to create some kind of how will we correct monday to thursday is just really hernandez for the past year, her employees have been coming to work half an hour early. this allows them to organize the day to compensate for the hours they don't work on friday. also increases productivity. all the while getting paid the same that makes you want to work harder. you know, you don't mind putting in the effort because you know that your, you're getting it back and you feel, i think probably feel more valued. it's a model that's been working at other companies to the largest trial in the world.

$61.00 british companies tested the ford a week for 6 months. the majority want to keep it that's because 39 percent of employees were less stressed. the companies reported 65 percent few sick days and increased revenue by 1.4 percent. a key factor in this was employee satisfaction, according to the studies authors, health and well being of employees themselves. that has been right effect. so not just and basically working people to the bone. you also increase the quality of that work increase in their loyalty and half of happiness, not having to recruit all the time or will struggle to retain staff. in fact, you have a stronger company with workers who are happy and attentive. it's the same at the bike repair shop, although his workload has remained the same. jack feels much less stressed with the 4 day week. it's great. it gives you time to relax and unwind and still have time

to get chosen through the house and spend it out with the partner. so it's a huge improvement. say general balance here. they want to stick to the 4 day week and wish each other a nice weekend when they leave work on thursday evening. we should all be so lucky. that's our so thanks for watching with ah, with

ah, he to india. sand mining out the co c. m by the thriving bus and legal $1000000000.00 business with the devastating impact on the environment. to this, to my abdulla lead stood up against the mafia and threat him down to attack multiple times. eco, india. 90 minutes on d w. and we're interested in the global economy ah, our portfolio d w business. beyond here, the closer look at the project,

our mission to analyze the flight for market dominance. get a step ahead with d w. business beyond a mentioned being a con. you want to learn, but no school. you want to be useful, but i'm allowed to. when you see the doctor, when you fall in love, they won't ma'am. you don't have children for fear they'll be visible. your shoe, you know, when you die there's no you ever every 10 to person like this is 10000000 people in the world. they have no

nationality and a told they don't belong and everyone has the right. everyone has the right. michael ah ah, this is dw news live from berlin, a deadly shooting any place of worship in humbler, 8 people, dead and several others wounded in a mass shooting at a jehovah witness center. we will bring you the latest developments. also coming up on the show a 3rd term for chinese leaders.