tv Business - News Deutsche Welle June 29, 2023 1:15am-1:31am CEST
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this is a reminder now about top story. the most go times is reporting that russian general . so guy sort of beacon has been arrested off the last weekend's filed for 1000000000. he's thought to have had advance knowledge off the plots. after short break, my colleague chris connie, but will be here, we have business news. remember this more on dw comment on social media to add on carriage rating broken. thank you so much for watching. the the, the, the, the is, it is supple is currently more peaceful. than ever on the move world wide in such a base in life. i suggested in cardboard,
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that's what i find out about bailey story. info, migraines. imagine how many portion of loads us are now in the world. climate change? the story. this is much less the way from just one week. how much was going to really get we still have time to act. i'm going to like this, the, the a step towards financial stability or a solution in search of a problem. you commission late the ground work for the digital euro to be accepted as legal tender, and the result will hear from our correspondence of what the benefits are supposed
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to be. also coming, a german football powerhouse by munich is ending a sponsorship deal with katara 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 global. welcome to the robot. the are being commission published a proposal on wednesday that would introduce digital legal tend of tender for use was in the 20 member euro zone, the digit, the euro is meant to be use alongside the existing euro as an additional form of online payment and cannot be converted into cash on like crypto currencies, as 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
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take action. so for an i jerry, i'll 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 grounds some kind of independence of from payment systems
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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 video is, shall be possible without paying any fees that would look 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 wallet to another small, small bullet, uh, possibly without any online connections. so you don't need all the technical stuff, any more bands, a band, including say, just digital euro can be more easily tracked. it can be used for surveillance. what
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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 mazda account, a 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 did you to do just as yours it can have in the us model, it is limited, actually 2 or 3000 zeros to avoid and of yeah, there's something, some abuse and also money laundering the w corresponding battery got in brussels. bam, thank you. and also some of the other global business stories making his new owner you've asked 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
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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 and hurts economies more than inflation does. rate increases make it more costly for early 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 giant 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 airway corporation between the doha based airline and the
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german record champions has existed since $1228.00 and reportedly broad byron around $25000000.00 jurors per season. the club has faced criticism over the deal with san groups and supporters, protesting it on human rights grounds. 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 max byron have ended this controversial partnership with guitar airways? why hasn't been the subject of so much criticism? well, essentially, due to concise human rights record and for a long time, critics said that bind was taking part in sports, washing and being opposed to child focused hosp ya strategy in the run up to the world cup in 2022 and finds 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
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among a few things with banners and the stadiums. protests around the club and also at the agm, the members meeting in 2021. having a massive discussion that trying to force the club essentially to drop the sponsorship and buying is a 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 with independence. they got like light sick, who was sponsored by red bold trying to see themselves, not just as essentially a puppet of appeal came a, the all containers they would put it by and all the wealthiest among the german. brenda's, we got clubs, they are power housing, european football does not renewing this deal, hurt them financially. yeah, well,
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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 buying. but so, 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 by and players would be advertising for consolidated ways. so it was a massive, massive deal. and if you look at the sponsorship ship deals in the premier league on, in spain, round 100, have the biggest deal with 70000000, a lot of premier league clubs and england, 50000000 buying a in the top 10 in europe. the tense actually. so this deal help them next 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 you're a painful. yeah,
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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 t. 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 months? united for 6000000000 euro. so on the one hand scaling back in germany on the other hand scale. yep. use mex merrill giving us a low down on this, a deal of barn munich ending its partnership with color. i always max, thank you. do you political tensions and strain to supply chains during the corona, vars pandemic have caused some by certain economies to reassess their ties. to china and pursuing a china oppose one strategy, vietnam has been among the preferred destinations for foreign investments in the regions. even though doing business there still has some drawbacks. the
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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 sitting for 4 years? the german censor manufacturer and vietnam has just expanded this 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 terrace. but these become the upstream def. i tried to look at this in a positive light. it means we also get upstream suppliers if,
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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. another factor that's 1st 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 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 free trade agreement with
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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 needs to improve, definitely nicer for 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 tanami 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 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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check style production in reverse. that's what they do here in process. the italians apply a noun and recycling which ultimately ends up being fashion again sustainable focus d w. a special edition of complex zone we tend to baskin. this is the border crossing point from moldova into ukraine, severest fight to the current moment between ukraine and russia, is roughly
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a 100 kilometers away. nice. the big question to dominates here, is where the mo, data is to put in the next target. in 60 minutes, dw outdoor sports, all of our scoring we say they were about never giving up sports flies every weekend on d. w. the hello and welcome to focus on europe. it is nice to have you with us today is killer fashion, killing the planet. the answer is yes.
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