of her death is yet to be released. oh, we want a gold, a silver and a bronze medal at the 2016 rio olympics. year later she won 2 gold medals at the board athletics championships in london. football now in the semi finals of the derby cup frankfurt have beaten stuttgart by a score 3 to stuttgart. lead one deal at half time, but then frankfort netted 3 2nd half gulf, secure victory. they will face or be light sick in the final on june 3rd, steven beardsley is up next with the w business news. i will see you tomorrow. have a good ah guardian's of truth. my name is john dinner and i have paid almost every price of being a journalist in a country like turkey. taking on the powers that be they risk everything.

john dunder, asks activists, journalists and politicians living in exile too much on my shoulders. but i have to hold this weight because i'm responsible for the future of our country, for the people who are behind the past. they live for their mission. people need to know what is happening there in our series guardians of truth watch now on youtube, d. w documentary ah, can asian economies afford the costs of climate change and growing trade disputes? both issues are topping the agenda in korea, the engine develop, the bank is holding its annual meetings. we're look at some of the biggest sticking points. us what our show and overheated real estate market is pricing out some

households in portugal. and take a look at the situation. elizabeth over to our show, i'm steven beardsley in berlin. one of asia's largest development lenders says it's new climate financing program, could help unlock funding for projects throughout the region. the asian development bank saying the facility could res. $15000000000.00 and new loans, or using loan guarantees to free up capital from its own sovereign loan portfolio announcement came at the beginning of the development banks annual meetings, an inch on korea strain relations and the economic picture across asia and the pacific are expected to be a focus of the multi day gather. let's go over it. so it's on han in our taipei bureau. so the a, d b, calling this a historic level of climate funding. what kind of need is there in asia for something of this nature?

will asia as one of the most vulnerable regions to climate change risks facing more extreme incidence such as storms, floods, and lens lights in this region, annual temperatures have risen faster in the last 30 years than any other region. ironically, the same region is responsible for about a half of global annual carbon dioxide emissions from the shark 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. or the i m f, just raised up 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, 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 tre, disruption. if it continues. countries will have to put supply chance threatening, and all the comic activities before that. and as they're all carbon emission goals and effect global action against climate change that would just talked about. so it's on hot and so i per 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 it's parent company, volkswagen admitted in 2015, having falsified emission values in the company's diesel cars. unemployment in the eurozone had a record low of 6 and a half percent in march. that's the lowest level since euros that began compiling jobless figures, figures rather for the single currency zone, back in 1998. there was one of europe's 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 taurus for the same period in 20. 19 it, they're, 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 be capacity, social harmony is something precious. sunshine is abundant in lisbon. but to which as an air b and b's are becoming more and more expensive, that's leading to existential fears for residence on some living conditions like these me little thomas fernandez is desperate. she fears for her little house

wrist. it's one of many legal buildings on the outskirts of lisbon, 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 up a camera. nope. was in the city all itself is not crediting stable conditions. most people are thanks both of them in these neighborhoods here. the neighbors are the ones helping each other as they are probably sunk. broker alcohol abuse, must not 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 can pay that. so i had to come. harry georgina sim wish shows how overheated the real estate market is on her way home, near a form of social housing in there 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 for rent increase. as we understand, compress will allow, 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 worked 13 hours a day for that, but i'm but it's okay though city, but i want to thank the relatives yardage. the dwight between the rich and poor is stock. here, new floods are available from 400000 euros upwards. he could patch the social harmony is something precious. so if you 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 rec, and flats would be forcibly rented out. the mayor of the city of rare us does

not take much of it. thanks to the be the so we need public housing construction projects for this. 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 as an awful solvable rumor without a solution these illegal neighborhoods are also likely to continue growing while proper to prices continue to rise for everyone. or mario carvalho fernandez is chief investment officer at portugal, bank o'connor, go so. well, thanks for joining us. tourism 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 glass so that there is 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 rivals are apartments available for tourists. i think the government is trying to, to utilize some of the levers in the, on the demand side. ready trying to. ready control the apartments that are available for rent to, to, to lease, but also the initiatives that need to be increased by creating and construction of new resist. easy to show. ready because that takes time, the faster way is by to control demand. but we see the demand side is very strong and we will not complain only by controlling to

have a lot of the increasing demand from me grants also. and like people that came, that was part to go to spend their golden years after retiring. so these are other fields where the initiative steward, stories will 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 as perhaps there are fewer purchases? yes, in fact the most of the port gives families by home using that and most of the as been the is it creative? it was insulting rights. so they are facing is the address that they are now vice need to a more for the more fish,

then they the last year for it. and that can be an issue in those in demand. but from the mistakes i, i think the people that came from abroad and they're looking for an article, most of them are buying it with no use of that. and that demand will be more resilient than the domestic them. all right, also, but there mario cabal fernandez with portugal. i go kind of go, so thank you very much. thank you. and before we go, his reminder of our top story, climate and trade. tensions are top of 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 blend. thanks for watching. ah the lure of the goal? so often it's a fatal attraction. tens of thousands are drawn to the mauritania and desert to dig in treacherous mine and risk their lives every day. for them, hope is greater than fear. global 3000. next on d, w. ah, active ingredients derived from nature. pharmaceutical and chemical companies use them to make huge profits. patents protect their research and innovation.

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