reason for that is that according to him, finland isn't as anti russian, as ukraine has answered football news by munich as crushed out of the german cup of the losing to fryeburg to one with the school tide 11 late in the matched bonds, jamal marcella was cold for a hand bowl and bibles, lucas gorilla stepped up and converted from the spot by and have failed to reach the last 4 for the 3rd consecutive year. fryeburg hope to lift the trophy for 1st time. that's it from me. and that is team for now. coming up next business news with chris. thanks so much. ah. and you tag a this visual hotspots in germany, europe and the world d. w. travel extremely wherein. mm

hm. with ah, ah, g d p growth of almost 5 percent. that is the asian development banks projection for the region this year. we'll talk to lenders, chief economist on why the asia pacific got economy apparently is out growing many other parts of the world. also coming up once level to charity cities and investor

is building a private community on an island in door us, which critics say is a threat to democracy will take you there. i'm chris kolber. welcome to the program . asian economies are reopening with impressive dynamism that is, according to the asian development banks. assessment, published earlier on tuesday, private consumption investment and services, including tourism. all reviving, now that the pandemic has largely passed china as reopening after last year's lock downs is brightening the outlet for both the region and the global economy. regional growth is expected at 4.8 percent this year and the next with south asia expect is go faster than other regions. growth and east asia and southeast asia is benefiting from increased domestic demand and growth in the pacific from returning taurus. inflation is gradually coming down to prepare them in levels. the

forecasting, the rate for developing asia at 3.3 percent in 2024. now, earlier i spoke to albert park, the asian development banks, chief economist, and i asked them why the region is economically out growing other parts of the world. well, i think asia is putting the pandemic behind it and returning to normal rates of growth, which are even higher than what we're projecting which is 4.8 percent growth both this year and next year. a lot of that is driven by the recovery in china as china is moved away from it's 0 code policy. our projection is that china good 5 percent this year and 4.5 percent next year. in addition, india, which is the 2nd largest economy in the region, we expect to grow robustly at 6.4 percent this year, and 6.7 percent next year on the back of very healthy consumption demand and rising investments. let's talk about china here for

a 2nd and you said china is out of the pandemic. busy has abandoned 0 covert policy is everything back to normal in china? well, if you look at indicators of mobility within the country, like subway ridership, you see it really almost really, really back to normal, just as high as it was before the pandemic. at the same time, there are certain aspects that are sluggish to recovery. so unemployment rates are still a little bit higher on the high side. and incomes have not fully recovered to their pre pandemic levels. unless we're definitely seeing a big increase in demand in some sectors, especially services sector, contact related services, like hospitality, transport, hotels, etc. now, compared to other countries in the world, inflation in developing asian economies seems to be rather low. why is that?

well, there's a few reasons. one is china itself because a china's inflation we're projecting just about 2 percent and it's been low throughout the pandemic period. it's been very well anchored, the expectations there and china because it's a large economy, has not been as subject to a kind of vulnerability from the need to import, a high priced oil and, and food. the 2nd reason that asia inflation has been lower than other parts of the world is that the food prices have been a big part of the inflation challenge. in many areas in asia, rice is the staple, and rice prices really have not risen. like, like wheat and corn, let's say right. a 3rd reason is that a number of the governments in the region have tried to protect consumers by subsidizing prices of energy and food. and the last reason is that many, most of the countries in regions did not have big stimulus packages,

like in the u. s. and in europe, which really fueled inflation kind of from the demand side, that's been a much more gradually recover, gradual recovery process in asia. now along with china, you mentioned india as one of the main drivers of growth in the region. where is the demand for products made in debt for services in india, coming from well in the us, growing robustly this year. and it's not really from exports because of the slow growth in the u. s. and in europe and both regions, we're projecting to grow less than one percent. this year. exports are not really driving the growth in india. so it's more coming from domestic demand recovery from their can them, it also renewed activity on demand for services. investment coming in, some of the efforts of the government to support development of manufacturing

sector with incentive programs, with infrastructure investment, etc. that those are the more important drivers of higher growth in india. now major are producing countries announced a cut an output to take effect and may send a crew price is higher at the start of the week. how much of a risk does that pose to economies in the asia pacific region? yeah, that's very worrisome. i think because we know that the big spikes in commodity price is energy and food caused by the russian invasion of ukraine. last year has been a real challenge for economies in the region. so if opec is cutting and if china is recovering and increasing its demand, there are some current concern that prices for oil will go above what we've been projecting initially, which is $88.00 a barrel this year. and $90.00

a barrel next year. higher oil prices obviously creates inflationary pressure in the region and it increased cost of production. and also it hurts consumers who rely on energy for a larger share of their consumption. alba park, the asian development banks, chief economist, i will thank you. thank you very much. is to hand or is now on the central american country has one of the highest crime rates in the world. something that the makers of prosperity want to shield residents from. apparently, along with paying taxes and politicians calling the shots prosper are located on the island of ra, a town as a private city, one that not only threatens land rights of locals, chronic se, but democracy itself. how do russ wrought an island? isn't it dillard paradise? and home to a dream, a private city named post spera prosperity developer. eric pizzey callous says the

rules will be different here. his firm is permitted to build 14 story buildings. normally only 8 levels are allowed in the rest of the country. but on of a performer that on greenhouse 100, businessman prospering many opportunities to create jobs as a safe place where we can live and developer fable around avoid credited b. v. e. the federal, yes. have a safe place far away from the poverty and corruption otherwise white spread in honduras, the flying the state flag? well, building an almost autonomous institution. it's a utopia driven by investors dreams. there will be low taxes, no politicians, a council of entrepreneurs riding the rules. critics fear for democracy. the prospero lawyer on the other hand, raves about the perfect city, is to see a symbol lewis shuttle dickie agreeable still. hm dorothy carlos is, but we have permission from the government to manage the territory legally. barella

says we have the freedom to establish rules that are advantageous to learn, but actually they are able lashawn, gassy. immediately. the question is for whom the enter printer stream is fernando garcia's nightmare. his sifting through a thousands of pages of legal texts in his office, in the capital to google hipaa. he is supposed to stop us para, on behalf of the new government and 2013. he says, corrupt politicians pay for the way for the private city. it's unconstitutional, says garcia, significant lacquered ashland don't. this means the creation of a state within a state brookville, they want total autonomy, their own jurisdiction, their own executive, their own education and health system in the police system for urban development in this rule. but the head of pa spera is eric bryan, an american venezuelan. he says he's not radical, a liberal and insists he is not building a tax haven. our mission is to create prosperity where it is needed most is not

about making switzerland richer or germany richer. so the spillover effects are not limited by, by, by the process presented jurisdiction, it is spilled over into the wrestling economy. but in the village next door, fear is running rampant. the people of crawfish rock cliff off fishing and they were afraid of being displaced. oh god said by you, when i get a city le extra, they're going to grow like a cancer, i'm afraid of being dispossessed with we are the neighboring community. we will be the 1st to lose what little we have a good man. connor says the project, this model colonialism but eric grime and says he intends to push through his project at all costs. and if necessary, even taking it to court, then ended mirror one after a breed of famous fighting bulls are talking about a rocket, which

a spanish startup develop. it is not only to put the country on the space map soon, but also europe's 1st reusable supp orbital rocket. my final preparations are underway for the take off of the me would i one, a small sub orbital micro launcher with large aspirations. the 12.5 meter long rocket is designed to lift payloads up to 100 kilograms, typically satellites used in telecommunications, security, and earth observation. if current tests continue to go, well, it will launch in a few weeks and make history as a 1st private reusable rocket manufactured in europe. the micro long tre, it's segment. it's something that in the last year, how do we need the most of the payload that has been launched? it's almost 85 percent of the satellites were under 500

kilograms. we keep exactly our main target for or the orbit that we're planning. start up p l d space hopes to make span the 10th country in the world with the ability to launch into space for commercial purposes. it also aims to capture a growing small satellites market, particularly in europe. if all goes according to plan, the mute one will be able to reach specific orbits or larger and public operators don't always go. there are some other european companies trained to develop or taught this capacity, which we think is very welcome to open up to a strength and the computer tv european, a european satellite operator, a successful lift off for mute. one will pave the way for me. you to 5 a larger orbital rocket capable of carrying 5 times with the mute one can spain as reaching for the stars. the mute as will be the rockets to help it get there and back again. that's our health. thanks for watching. have

a successful day. ah ah, inside bangladesh as a lead force, ron, for the 1st time to former commanders speak out in our investigative documentary, they describe human rights violations. the government has always denied close up next on d, w. o. stop paying for energy and start making. are these solar tiles the future of energy? this high tech roof could power

a single family home. the inventor behind this is convinced it will be a hit with made in germany. in 60 minutes on d w. ah, what are sports? all about a fighting scoring. we say there about never giving up sports life every weekend on d. w with. 2 ah, this phone call capture something you were never supposed to hear.