rental mode into the white house at the start of his state's visit to the last bodies being ported as an ally against china. despite concern over his government human rights record, including the treatments of religious minorities, the next it is dw business news. so to stay with us to keep time for that, i'm sarah kelly and berlin. thank you so much for watching. take care. the russians no longer need the baltic states. why should name? there's no gold. it's only just practice at the nation base and will

clock like the way 7 months before russia attacked ukraine, a field team documents, daily life, the town. how are the people who are dealing with the growing tension? they change their world frame hold on. we are with you currently know when i me insight starts july 8th on dw, the european companies save business conditions have gotten worse in china. respondents to a new survey reporting political tensions and tighter security measures are among the reasons they're considering assessing elsewhere. also what our show climate change is costly and very few countries can afford it. we're looking at may major

summit to discuss just how poor nations can pay for the devastating changes that many are already seeing. obviously if there's any berlin welcome to our show or european companies are reporting a deterioration in business conditions in china. that's according to a survey by the european union chamber of commerce in china. it says that 64 percent of companies surveyed reported a deterioration in conditions. the highest such results on record in the annual survey of companies with large footprints in china say they're an easy about security controls, expansion of the chinese espionage law. and the absence of promised market access, several companies to the business environment has suffered under rising political pressures. here's the chambers president young's escalating. what we really see in the business confidence confidence survey is that there's an unprecedented level of uncertainty amongst our members about the web which on is developing and that uncertainty, that's sort of express across several dimensions. and we wanted to talk more about

that with a guest, but because of technical problems, we'll have to move on. let's take a look at some of the other, a global business stories making headlines, to steer penn center for constitutional and human rights. has filed a complaint that gets volkswagen bmw, mercedes benz saying the car makers have failed to prevent the risk of forced labor being used by suppliers and shingle thousands of leaders are killed by the chinese government would be a violation of germany's new supply chain. china is extending tax breaks for consumers, buying electric and hybrid cars until 2027, a mid slowing sales waving a 10 percent sales tax. the scheme was originally introduced in 2014 right now e v and plug in hybrids account for 25 percent of new car registrations. in china, tesla c o u on most plans to make significant investments in india, following talks with the countries prime minister in orange remote in new york. the move comes is us companies are looking for ways to reduce their reliance on china

as a manufacturing hub. in the face of tensions between washington and virginia, amazon hilton, and starbucks are, i'm on more than 40 companies that have pledged to hire thousands of refugees in europe. recruiting people fleeing from the war and ukraine and other crisis freaking countries following russia's invasion. the number of ukraine refugees living in europe stands at almost 6000000. devastating floods, deadly heat waves wildfires, the effects of climate change are more and more visible every year to last year. damage from natural disasters totaled an estimated $300000000000.00. where does that money come from? especially for poor countries. many of which are particularly vulnerable to climate change. more than 50 heads of state along with representatives from the world bank and the i m f. are now meeting in paris to discuss just how to finance the climate

transition and how those poor countries in particular tend get better access to capital markets. also on the agenda is something known as the bridge town initiative. as imagine by barbados as prime minister mia motley. now that would require the items to fast track $100000000000.00 in its currency reserves for climate programs and make borrowing terms friendly or for poor countries. my colleague water in ron, spoke to the world banks, excellent. hudson bought about some of the newest plans to boost climate financing . nicholas for solving slots, droughts and heat waves last year. the idea for the summit was proposed. what can the world bank do to help mitigate crisis for emerging and low income developing countries? on the short term, we have to scale up in particular, the last couple of years have been very difficult for the developing world start and we've colfey and we are now faced with a lot of crisis, including the climate change. and that's requires a lot of resources we have basic breed, scaling ourselves up just to give to this end. in the last decade,

we would normally give around $42000000000.00. the last 3 year on average, we provide is $70000000000.00. so clearly the needs are there and the needs are much higher. so what we need to do is not only to mobilize money from the world bank, but from the world in its entirety. a big focus of the summit is the bitch down initiative that the part of it is prime minister introduced. well, she would like to have a re think of, of the whole relationship between the developed and developing countries is clearly that we need to recognize that particularly small island states have specific challenges, needs more support. in fact, there, the world bank has been very active not only in the caribbean, but also was to pacific island say increase and boost a lot of the support concessional support, including grants at the same time will proceed. the challenges are much, much larger. and therefore, what we agree is that we,

we need to go look together how we can push this development agenda much more aggressively that requires more resources. and that is what is needed. i think also what they would like to see is more private sector participation. we agree with that as well, and we always keep this in mind that the s to g, the sustainable development goals are of track. what is the world bank sink about the idea of reaper pressing funds within the i m f, and world bank to distribute them? first of all, we already know that keeping house resorts is locked up. the good news is we are actually working very hard to have those resources not only implemented and i think actually we have have records disbursements. i can assure you there is no penny laying around because actually the needs are enormous. the urgency is there and we understand that we have to move and we have to move fast and decisively. this is

the mindset was which we're working. and this is the mindset with which we trying to implement our project. what is the world them roadmap to help open up climate financing and development? finances for low income countries to think is well with regard to climate change, we are scaling up aggressively in the last a 4 years. we have 4 years. we have doubled our climate financing that hit 29000000000 and we are the largest feed on ca, off of climate climate projects in the world. and we want to continue it as we are very set on this at the same time. what these cries, they've shown of the last couple of years that we all need to be more and do do better and faster. and this is actually at the heart of the roadmap that are, was a recognition that we have been a scaling up significantly our support with kim, what can we do more? and i think that's a fair question because the needs are so large. what we can do be part of this

global ad for to do better on the development a front. and that means, how can we reduce again, poverty much more a fast, as well as help reverse the data challenges to sustainable development goals are facing recalls. we are off track and we need to get them back on track. and that's, i think, is the mindset behind as a reform process. we, you will need to stay very focused on the poorest countries. a big concern we are having is that development a to sub saharan africa is fallen. we have to reverse that. we have to state long term committed to the poorest countries and we will have to do collectively more. similarly, we have to work closely with the middle income countries, particularly around the climate change agenda, and that is a long term ad for it as well. so that is actually aligned with wire for what we

were created. as a world bank is name is a long term agency working long term with governments on difficult development problems. my colleague, what a m ron speaking there with actual funds across the board from the world bank on the eve of that important climate financing summit tomorrow in paris with shifting gears, women in africa typically like the same career opportunities as been on the whole most of all and technical fields, that's where job coach like not the most a g you can come in, but mentoring alone also isn't enough. take a look. workshops like this may typically still be a man's world, but so not offend. this is different. this of african business own evans and marine engineering company that also trains women like 26 year old testing to come here to do a practical work. let's get on. one, hang today me when it comes to welding anxious guidance. he's busy welding a frame,

full test pages that we, we busy making as being all women owned as positive. what makes this business special? a few years ago. so nose and his sister's america and america took it as it from the parents. all 3 of them used to work in the financial sector of the company's services and repairs ship to major clients. when they started out, the system lacked self confidence. amazing was the business coach changed everything. with adding a, you know, we all 3 females and we inhibited out. oh and probably for 15 minutes of this whining she said, then she looked at that and she said, you don't understand what you actually have. you don't know the potential that you're sitting with and the company that you what you, what is your living here?

this is an old who actually born into little fence to thing kinda arrangement of this woman here. nadia and was sati for 17 years. she's been coaching women instead and teaching them how to network. the biggest hurdle. it is definitely the patriarchy. so we've been paid less. we raise less, but we're still building businesses. i think we doing more than everybody else. a few weeks ago, nadia massage. he and her business partner opened africa's 1st co working hub for women in stem, complete with a children's play room. at this event, participants are trying to raise venture capital for this dose ups. the problem is that women over the me to the end of the funded so stuff mentoring us actually give us contacts. let us look in your company as give the context of them and companies because then you create sustainable business. because what we

doing right now is we're still good coating. we window dressing with gender washing in a lot of cases. a stand stands for science, technology, engineering, and mathematics. the organization go hi wants to encourage more women to enter these fields. it's down to about a ton. mia has been teaching goals to code for 20 years to also lends a helping hand in other areas due to a tool called now runs the coding classes. they've already reached more than a 1000000 goals through their programs. so here's a reminder for top business story or europe and companies describe business conditions in china as worsening last year. that's according to a new survey by the chamber of commerce in china. many say the overall business climate in the country. this turns more political that's our show, find out more line. the w dot com slash business is watching

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