nick is ending a sponsorship deal with tar airways. that's had fans up in arms and tell you what's behind that. and vietnam has been a preferred destination for, for an investment in recent years will show you why. and what drawbacks doing business there still have of course called welcome to the robot. the are being 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 alongside the existing euro as an additional form of online payment and cannot be converted into cash on like crypto currencies as well . 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 for an ide,

jerry of jamaica and several other caribbean nations have fully launch 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, as it wants to be part of the game, it feels 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 that as a survey and consumers say, yes, we want that. and it also grand, some kind of independence of 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 those digital you're paying with the euro. the digital yours is a 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 payments 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 bullet to another small, small bullet possible without any online connection. so you don't need all the technical stuff any more than say about it. critics say, just digitally euro can be more easily tracked and can be used for surveillance. what do advocates of this digital euro say about that?

but they say it's the opposite is true because the digital, the euro books like cash, you don't have so much data involved as if you paid was mastercard visa because there's no name involves. there is no account involved. so you're not leaving much traces. and that's why the amount of a did you to do to, to yours. it can have in your some odd while it is limited, actually 2 or $3000.00 zeros to avoid and of yeah, there's something, some abuse and also money laundering a w o 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 clarice with 45000 jobs. so was thinking joined us, acquired from arrival in an emergency take over. the bulk of the cuts will be rewarded leave with an investment banking support staff traders and bankers

are likely to be most effective. the detailing private, assert, georgia, maloney has criticized the european central bank for repeatedly raising interest rates, saying and hurts economies more than inflation does. rate increases, make it more costly for early to pay off at stats rooms. here's a planned knife height next month. could trigger a recession, amazon is planning to raise the entry level, wait 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 $20000.00 german football championed by munich have announced they will not extend their sponsorship deal with tar air, which you confirmation between the doha base their line and the german record champions has existed since 12th 2018 and reportedly broad buyer and around to

25000000 jurors per season. the club has face criticism over the deal with the 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 mex merrill from do you have the sports max? um byron have ended this controversial partnership with the guitar ways. why it hasn't been the subject of so much criticism, but will essentially do 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 eligibility to rights. among a few things with banners and the stadiums. protests around the club and also at

the ag, i'm the members meeting in 2021. having a massive discussion that trying to force the club essentially to drop the sponsorship and spying 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. uh 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 with independence. they got like light sick, who was sponsored by red bold trying to see themselves, not just as essentially a puppet of a p all came with a p all containers. they would put it by and all the wealthiest among the german, brenda's we got clubs, they are powerhouse and european 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 the sleep sponsorship. the yearly training comes, i attended one of those training comes in del ha, with a lot of p, a. p r. offensives with uh, you know, advertisements in which buying players would be advertising for consolidated ways. so it was a massive, massive deal. and if you look at the sponsorship 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 that attends actually so this deal help them max, we have about half a minute left to tell us how does lapsing the sponsorship deal impact. cut our strategy on becoming an even bigger player and european football? 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 p estates. although they've scaled back investment a little bit better in terms of the trunk but spend. but they're also looking to buy manchester, united or say yes in been how much is leading a consortium to buy months united for $6000000000.00 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, a deal of barn munich ending its partnership with cut our with mex. thank you. do you political tensions and strain to supply chains during the corona, vars pandemic have caused some western economies to reassess their ties to china and pursuing a china oppose one strategy. vietnam has been among the preferred destinations for, for an investments in the regions. even though 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 at people and folks, and what do you mean switching for 4 years? the drum and the sensor manufacturer and we have them as just expand that it's production with a new plan. you never really have to be focused and concentrate not to make mistakes. it's tedious work movement team had 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 terms. but these become the upstream def. i tried to look at this in a 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. it's all

can get puts in so much. but another factor that sparked investment in vietnam is china as you long pursuit of 0 co. but that is not to say that the companies are executing. 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 read yourself business in china. thinking that to look fun. half of vietnam's, 100000000 people are between 15 and 45 years old. the company in this country has also other advantages, such as a 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 production facility as interest will twice as of the infrastructure and it needs to improve 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 the to nomic metropolis is tackling the problem on its way to becoming the country for investment in the manufacturing sector in southeast asia. what you mean 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. chris coburn. roland, thanks for watching. a very successful day, the,

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