in 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 along small businesses who knew this is the w business. i'm janelle dumas unwelcome. the european commission has relax, state aid rules for green technology companies, in an effort to stay competitive with the united states. according to newly revealed plans, 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 grants 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

that, 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 and 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 few whatever 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. so 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 call. he's been especially outspoken about this. he has actually called the us inflation reduction act, a threat to the west saying 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 president or so to find a line is actually in washington state for it talks with you as president joe biden, and there's 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 transatlantic tre tension and no subsidy raised. then hopefully

kate ferguson. my dw business colleague there, thank you so much. germany's economy minister, robert ha, back and agriculture minister, 10 ost emir, are traveling to brazil in columbia, starting on saturday to discuss trade and climate change policies for sale. 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 utilities care, 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 operational by 2030 c u. but as you suffer me, thanks. andre 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. sonya literacy version her bills. he google it boost 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 giga 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 the 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 when, as i was last year, they said he a renew in i reach out, appreciate it specifically august all sustainable development and energy corporation. in the sense, as it was mentioned, our recently latin america has done the last to the gate. so i showed progress in 1000000 real energy markets and also bigger sci fi and it's energy composition. therefore, around 33 percent of the total energy supply lou region comes from regional energy and also 61 percent of the electricity generation. for brazil, this is 84 percent. therefore, in this context the, that the, the good us that big,

great amount of low cost we own energy that are each in the region under gradually clean energy mattresses. rather allow the region to have also a potential of green hydrogen industry round and to lead to have i really exerted green hydrogen industry. that is one of the potential breaches of whether we have already heard on solar energy and also wind energy. and all of 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, and also the,

the minister are in the region, has potential of boosting a corporation. oh, also look 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 you know, last year, a recall. and also the last, you know, the last re gene is expressed interest. also in that, in more sustainable culture in brazil, which is going to be one of these cautions. now this is, you know, in other words, a discussion, current order adjustment mechanism is going to be launch i, what is called the chiral carbon. diet is not gone too old for 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 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 shrink the nation's 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 percent. silicon valley bank says

at last $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 at 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 owner. anna, who's drawing all fears overboard. you know,

with the customers going to be upset because they enter, they can only come monday to thursday, and are we gonna have problems with suppliers and getting things when we need them? but then there are other things like an are we going to create some kind of hell week where, where monday to thursday is just really horrendous. for the past year. her employees have been coming to work half an hour early up to this allows them to organize their day to compensate for the hours. they don't work on friday. it also increases productivity. all the while getting paid the same or that that makes you want to work harder. you know, you, you don't mind putting in the effort because you know that you're, you're getting it back and you feel, i think probably feel more valued. it's a moral that's been working at other companies to 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 fewer sick days and increased revenue by 1.4 percent. a key factor in this was employee satisfaction. according to the studies authors, health and wellbeing of employees themselves. that has been right effect. so not just basically working people to the bone, you also increase the quality of their work increase in the loyalty and half of happiness. so you're not having to recruit all the time or will struggle to retain staff. in fact, you have a strong 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 chose down to 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 her. so thanks for watching. ah ah, with

ah, without john, i love me to tom london. so choreographer from south africa. he can get everyone moving and shows us what modern african dance can do. i think it's so important for you to know who you called, so let me go over modern dance. go tell the story. i think it all depends on who you either clog in 30 minutes. go to you. this is the darker side of the energy revolution. the story tragic as it is familiar. rich countries need ra resources like copper at cheap devices. and sheila has to lenny of it, but copper mining is

a dirty business that harms people in the environment. is there a better way? with on d w, we've got some hot tips for your bucket list, romantic corners, hotspot for food, and some great cultural memorials to boot d w. travel off we go. do are flying rivers created by waterfalls, throwing water particles into the air. b, trees and sweating out up to 1000 liters of water in a day or sea forest fires, evaporating large amounts of moisture tune in to get the answer. learn more about

this phenomenon. a heavy, invisible river that flows through the sky starts march 23rd on d w. ah ah, you're watching dw names live from burleson. i'm work and morning after the deadly shooting in a house of worship. 8 people are dead and several others wounded in a mash shooting and a jehovah witness center late on thursday. we will bring you the latest developments.