un estimates, and if the fighting continues, the humanitarian crisis could worse and, and that around $800000.00 people could be forced to flee the country and set you up to night. i'll have more woke news at the top of the hour, more available around the clock, of course, on the w apple of the w dot com beardsley, household business update. next. good. people and trucks injured when trying to flee the city center. more and more refugees are being turned away and the water families, planes on attacks in syria to the credit on with demonstrate people fleeing extreme ground ross

getting 200 people from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee make up your own mind. d. w. made for mines. ah, can asian economies afford the costs of climate change and growing trade disputes of issues are topping the agenda in korea and to develop the bank is holding its annual meetings. we'll look at some of the biggest sticking points also on our show and overheated real estate market is pricing out some households in portugal. to

take a look at the situation, elizabeth over to our show, i'm seeing beardsley in berlin. one of asia's largest development lender says it's new climate financing program could help unlock funding for projects throughout the region. the asian development bank saying the facility could raise $15000000000.00 and new loans, or using loan guarantees to free up capital from its own sovereign loan portfolio. the announcement came at the beginning of the development banks, annual meetings, an inch on korea. trade relations in the economic picture across asia and the pacific are expected to be a focus of the multi gather. let's go over it. so tongue hahn in our tie pate bureau. and so the a, d b, calling this a historic level of climate funding or what kind of need is there in asia before. something of this nature will asia as one of the most vulnerable ridges to climate change risks facing more extreme incidence such as storms,

floods and lance lights. in this region, annual temperatures have risen faster in the last 30 years. then in any other region, ironically, the same region is responsible for about a half a global annual carbon dioxide emissions from the sharp increase of asia production reflecting the pace of this areas, not me, growth and manufacturing. but economies can use different energy sources and production technologies. so trade investment policy should be part of the climate action. so these means will focus on asian economies. how would you describe the state of the region at this moment? the worst of covert is over, but of course costs are rising in many areas. while the i m f just raised today, it's forecast for asian economy growth to 4.6 percent in 2023 st. this region will be the most dynamic one this year. the main reason is the recovery of china and india economies after cope it. both are expected to grow by more than 5 percent

this year. but there are still risks in rising costs. as you mentioned, this is due to strong dramatic domestic demand and inflation is likely to remain high. that is why the i m f urge asian central banks to maintain a tight monetary policy to reduce inflation and warrant that the failure to do so could be very costly. but generally speaking, the outlook is not too bad. and we also saw to say that a d b president must have threw us a cow. a warned that the trade dispute between the us and china is probably the entire region. can we really say what is at stake in asia? when we look at this kind of growing protectionism, we're seeing especially between the u. s. and china or steve, it the test situation between the u. s. and china will definitely under my free trade economy, recovery of the asia as of origin, that many people are hoping to see this kind of political instability, a fact consumer and business confidence and at even reduce its consumption. any form of protectionism will lead to

a long term trade disruption. if it continues. countries will have to put supply chains threatening and other comic activities before that. and as they will call an emission goals and a fact global action against climate change that we just talked about. so it's on hundreds, i pay. thank you. let's go now to some of the other global business stories making headlines. former audi boss, rupert stadler says he is ready to plead guilty in the trial over his involvement in the diesel emission scandal already. and its parent company, volkswagen admitted in 2015, having falsified emissions values in the companies, diesel cars. unemployment in the euro zone had a record low of 6 and a half percent in march. that's the lowest level since euro sat began compiling jobless figures, figures rather for the single currency zone, back in 1098. was one of your top destinations before the pandemic. and now portugal is picking up where it left off the country,

welcoming $2800000.00 tourists in the 1st 3 months of the year. that figure even higher than the pre pandemic quarterly record of 2 and a half 1000000 tourists. from the same period in 2019 sit there, the locals say that there is a dark side to the boom. rents are rising dramatically, and it's becoming increasingly difficult for residence to make ends meet. oh, there's them, 300000 euro. it can't be e capacity, social harmony is something precious. sunshine is abundant in this one. but there was an air b and b is, are becoming more and more expensive. that's leading to existential fears for residence on some living conditions, like these military or much fernandez is desperate. she fears for her little house wrist. it's one of many illegal buildings on the outskirts of lisbon e pill,

january your fernandez, and 8 worker looks after her. 2 years ago, bulldozers came and demolished some of the houses, while others remained standing up. a camera not within the city hall itself is not creating stable conditions. muscular thanks, boss, exhibit in these neighborhoods here. the neighbors are the ones helping each other . you know, they're probably sunk broker, alcohol abuse, mostella families here come from saw trauma and principal and former colony of portugal. none of them can afford rents anymore, even though they work with vienna. mckesson, i used to rent a flat for $600.00 euros. suddenly they raised it to $800.00 and i couldn't pay that. so i had to come harry georgina some wish shows how overheated the real estate market is on her way home. near a form of social housing plays. they're being sold for 300000 euros back there in the last tower. the 58 year old nurse lives in

a neighbourhood off the train tracks paying only $300.00 euros rent. but that's still a lot for her. she's terrified of her rent increase as vendors don't compress with while the rents are simply too high. when you earn a minimum wage of $760.00 euros, it's very difficult. i have a 2nd job so i can afford a car. i need that to get from home to work. i work 13 hours a day for that, but i'm but it's okay though city, but i want to thank the relatives janusz. the dwight between the rich and poor is stock. here new floods are available from 400000 euros upwards. he capacity, social harmony is something precious. so if we lose that we will also lose part of the investment. so disharmony has a price. now the government aims to introduce a special program where no more flats would be rented out to the tourists and vacant flats would be forcibly rented out. the mayor of the city of ray ross

does not take much of it, thinks it of the home who we need public housing construction projects for the if we have to we have to expropriate on the roku and more importantly we need to take land out of the national agricultural reserve and use it very closely if we don't create public housing, we won't solve this problem. nozzles all will burma without a solution, these illegal neighborhoods are also likely to continue growing while proper to prices continue to rise for everyone. all right, mario carvalho fernandez is chief investment officer at portugal. bank. ok regoza? well, thanks for joining us. teresa represents a growing part of portugal economy. can we say to what extent is it responsible for rising real se prices and major cities like lisbon? a thank you for having me. in fact, the rising price in the city i think is the 2 sides. one

is from a homes and the other one is the demand side. the fact that in class so that there is a little new construction in our to go do that we have in the past. that contributes also to the rising vice levels. after that crisis, there were many institutional investors to again we go, is it that the increase in demand for every kind of real estate and is in balance for give rise to vice level for everywhere? so the calls i think is more broader than on the demand of the 2 reasons. one of the factors which side is easier for governments to

solve the supply side that is building more or the demand size, the demand side. rather that is, i guess sort of scaling back on tourist arrivals or apartments available for tourists. i think the government is trying to, it was to utilize some of the levers in the, on the demand side. ready trying to control the apartments that are available for rent to 2 reasons. 3, but the also the initiatives that need to be increased by creating and construction of new resist. easy to show because that the time, the fact that away is by to control demand. but we see the demand side is very strong, and we will not complain only by controlling toys. and we have a lot of the increasing demands from me grants also. and like

people that came, that was part to go to spend their golden ears after retiring. so these are the fields where the initiative stored stories and we'll not be enough at the same time. we also see that borrowing is getting much more expensive in europe as interest rates rise. could that not also help undermine a little bit of this demand is perhaps there are fewer purchases in fact, most of the port gives families by home using that and most of the as been the creative, insulting rights. so they asked, i think, is the national express that the now in place need to buy more for the market. then they view last year for instance. and that can be an

issue in demand. but from the domestic side, i think the people that came from abroad and are looking for houses that are to go most of them and buying it with equity. we've no use of that. and the demand will be more than resilient than the mystic. all right, well i'll leave it there. mario fernando with portugal bunco kind of go, so thank you very much. thank you. and before we go his reminder, but top story, climate and trade. tensions are top the agenda at the annual meetings of the asian development bank in korea. multi national vendor also announcing a new climate financing tool. kit hopes can help res. $15000000000.00. new loans for final projects show find out more aligned d, w dot com slash business from seabreeze blend. thanks for watching.

active ingredients derived from nature pharmaceutical and chemical companies, use them to make huge profits. patents protect their research and innovation. but indigenous peoples have been using them for millennia and come away empty handed. does ancient wisdom have no value made in germany? next, on d, w. o . and whatever your 30 day. it's 10 times more.

holocaust survivors in postwar, germany for them life after 1945 through today has meant starting a new and processing the past. it's been a common notion in the post war period until and part to day. nazis are always those other people under the ongoing struggle for remembrance and against denial in the land of the perpetrators starts may 6th on d, w, a new global trade. something that we all depend on, but rarely think about until something.