top story at this uh, your training and officials say at least 10 people have been killed in a russian missile strike on the eastern city of chroma tools. more than 50 others were injured in the bloss, which struck a busy restaurant credit in denied eating civilian targets. that's from me in the news team. i have a world news update for you at the top of the don't go away after a short break, crystal, but as all the business god offers in berlin. thanks folks. the, every jenny is far less surprising. we've gone all out to give you some of the right people in your northern most count the police

the free time, but still very much alive. your guy to the special sauce in germany recognizes where exactly it was the fine arts culture history. all their travel extremely worth a visit, the a step towards financial stability or a solution in search of a problem. you commission late the ground work for the digital a euro to be accepted as legal tender, and the result will hear from our correspondence of what the benefits are supposed to be. also coming up, german football powerhouse crime unit is ending

a sponsorship deal with tar airways. that's had fans up in arms and tell you what's behind that. and we have now has been a preferred destination for for an investment and recent years will show you why. and what drawbacks doing business there still have of course cobra, welcome to the program. the european commission published a proposal on wednesday that would introduce digital legal tend of tender for use, wasn't the 20 member euro zone, the digit, the euro is meant to be used along side the existing euro as an additional form of online payment and cannot be converted into cash on like crypt occurring sees it will have the backing of the european central back the commissioner for financial stability. right. mcginnis cited several reasons for the move to a digital tender one. is that the declining use of cash, but there is also a concern that all the nations will dominate the digital economy. if the you doesn't take action so far. and i,

jerry of jamaica and several other caribbean nations have fully launched centrally back to digital currencies and other $53.00 countries are in the event stages of a roll out, including china, india, japan, and brazil. that's good morning, this from dw correspondent band. we got and brussels band a good to see you. tell us more about why you regulators feel this digital euro is actually necessary. the commission is says it wants to be part of the game. it fields that it is necessary to have also a digital branch of the your, which is the 2nd biggest currency in the world. and they want to, to fulfill the vicious of consumers. there was a survey and consumers say, yes, we want that. and it also grounds some kind of independence from payment systems like mastercard or visa, which are all seated in the united states. all right,

you're paying with euro, i'm paying with euro is one of the practical benefits for consumers like you and me and other people within the arizona of this digital you're paying with the euro. the digital video is, shall be possible without paying any fees that would work like cash in your pocket . so you don't need the middle and then the payment systems and any more, it would be safe because the value is guaranteed by the european central bank directly. and, and the payments from one small wallet to another small, small bullet, positive without any online connections. so you don't need all the technical stuff, any more bands, a band critics, they just digital euro can be more easily tracked, can be used for surveillance. what do advocates of this digital euro say about that?

where they say it's the opposite is true because the digital, your books like cache, you don't have so much data involved as if you papers, mastercard, or visa because there's no name involved. there is no account involved, so you're not leaving much traces and that's why the amount of a did you to do just as yours, it can have and use model. it is limited, actually 2 or $3000.00 zeros to avoid the of yeah, there's something, some abuse and also money laundering, still vio, correspondence, battery got in brussels bound. thank you. and also some of the other global business stories making news you own. or you may ask for kind of more than half of the swiss 45000 jobs. so was thinking joined us, acquired from arrival in an emergency take over. the bulk of the cuts will be rewarded leave within investment banking support staff traders and bankers

are likely to be most effective. italian prime minister, georgia maloney has criticized the european central bank for repeatedly raising interest rates, saying it hurts economies more than inflation does. rate increases, make it more costly for italy to pay off its depths. rome fears a plant 9th height next month could trigger a recession. amazon is planning to raise the entry level of wage for logistics staff and jeremy to 14 euro is an hour and more depending on the region. the decision by the us retail jain comes as a country wide collective bargaining and a minimum wage increases. the res will effect some 20000 the german football championed by munich have announced they will not extend their sponsorship deal with tar air, which corporation between the doha base. their line and the german record champions has existed since $1228.00 and reportedly broad byron or on to $25000000.00 jurors

per season. the club has faced criticism over the deal with fan groups and supporters, protesting it on human rights crowns the current sponsorship expires. the end of this month. all right, let's talk some more about this with max merrill from. do you have the sports macs byron have ended this controversial partnership with guitar ways? why has it been the subject of so much criticism like well, essentially, due to concise human rights record and for a long time, critics said that bind was taking part in sports, watching and being opposed to child focus house p. all strategy in the run up to the world cup in 2022 in fines in particular, been really vocal. during this sponsorship of, of saying, please, please ended basically sizing women's work as an elegy. basically she writes among a few things with banners and the stadiums. protests around the club and also at

the atm to members meeting in 2021. having a massive discussion that trying to force the club essentially to drop the sponsorship and buying is the majority fund own membership, owns of memberships really have a lot of power, but they couldn't get rid of this. and taking such a stand politically, is that common with in the german football fan culture? i do think german football fan culture. yes. does have usually quite a uh yeah, politically charged discussion funds are aware of the political consequences around the club. and this was a massive thing for buying who, you know, buying sands comparing themselves to 2 other clubs abroad and also within the buddhist. like a like light sick who is sponsored by red bold trying to see themselves, not just as essentially a puppet of a p. okay. uh p all containers. they would put it by and all the well is among the german brothers. they've got clubs, they are a powerhouse in europe, and football does not renewing this deal, hurt them financially. yeah, well, you mentioned it's a very wealthy deal $25000000.00 a year, which for abundance of your clubs is a huge, huge amount. i mean,

as close to the shut sponsorship with telecom, which is north of 45000000. um, you know, the contract was mutually ended. so it does pay the price and maybe they do have something else lined up here. that hasn't been anything announced as of yet, but surely a lot of industry partners will be lining up to, to sponsor by and but, you know, this was more than just to sleep sponsorship. the yearly training comes i attended one of those training comes and del ha, with a lot of p a. p r offensives with, uh, you know, advertisements in which by and players would be advertising for consolidated ways. so it was a massive, massive deal. and if you look at the sponsorship chip deals in the premier league on in spain round madrid, have the biggest deal with 70000000, a lot of premier league clubs in england, 50000000 buying a in the top 10 in europe. the tense actually. so this deal, help them max, we have about half a minute left to tell us how does lapsing the sponsorship deal. in fact, cut our strategy on becoming an even bigger player and you're a painful yeah, well i sense somewhat the scaling back in terms of football. after that successful,

they will say successful will come from 2022. that's the massively invested in p s g. although they've scaled back investment a little bit there in terms of the trunk suspend, but they're also looking to buy manchester united or shake. yes and been how much is leading a consortium to buy mass united for 6000000000 euro. so in the 100 scaling back in germany on the other hand, scale help use mex merrill giving us a low down on this deal of buying munich, ending its partnership with cutaways max, thank you. it's the ability to go to engines and the strengths of life change during the corona virus pen demik have caused some western economies to reassess their ties with china in pursuing a china plus one strategy. vietnam, the country a vietnam has been among the preferred destinations for foreign investments in the region. but doing business there still has some drawbacks. the building

sensors takes experience and patience, and that is what time brings to the table. the 30 year old has been working with people and folks, and what do you mean sitting for 4 years? the german censor manufacturer and vietnam has just expand at this production with a new plan. you never really have to be focused and concentrate not to make mistakes. it's tedious work movement game have become the it'd be self of the caring for the employees. here is key because the competition for talent didn't get now has dramatically increased in special economic zones like this one, where some 50000 people work space for new factories is becoming scarce. young, nothing has become one of the biggest beneficiaries of the us china trade war with companies seeking alternative locations for the factories to avoid expensive terrace. but these become the upstream def. i tried to look at this in the positive

light. it means we also get an upstream suppliers if, if we now have supplies, we're increasingly coming to vietnam and investing here rather than china. correlates into much can another factor that spark investment in vietnam is china as you long pursue of 0 co. but that is not to say that companies are exit, the china says the local managing director of the boss, you rather sees a gradual shift from industries relying solely on china. the stag, a select silver machine. i think nathan and let's, and we all, we have a chief, very strong growth in china in recent years and have now decided to remain active in china. so the china plus one discussion is really a topic for us. when we say yes, we also want to produce in other countries, but we definitely don't want to reduce our business in china. thinking that to look fund half of vietnam's 100000000 people are between 15 and 45 years old. the company in this country has also other advantages,

such as the free trade agreement with you, and i'm flow awaits level sunshine. but there are also challenges and assess the representative of this month. finally, with just opened up reduction because interest will twice as of the infrastructure in the needs to improve and definitely nicer to so anyone who has been to china knows the high speed trains. nobody knows how efficient the airports have become on inland roads and the roads. of course, the china is miles ahead and year you face many both whole next and for the next. not just if you are on the way home and what you mean city. but what counts for the investors is that you cannot make much trouble. this is tackling the problem on its way to becoming the country for investment in the manufacturing sector in southeast asia puts you in city has set itself the goal of tripling its industrial space by the end of the year and the social front um, as old as more on our website at w. w dot com slash business from chris coburn.

berlin, thanks for watching. a very successful day. the rug, the environment, trends technology come is digitalization tops new market. new media. the world is accelerating. sees the opportunity to challenges to try new things, take flights with the that we use business magazine in germany. next on the w, the, the one of the main kinds, oldest ambitions could be within reach. what do you see?

it really is possible to reverse the researchers and scientists all over the world for a no race against time. they are peers and rivals with one daring goals to help smart nature, the more likes watching it on youtube dw documentary, the how does that long weekend every weekend sound? the idea of a full day working week is one that appears to be gaining.