asha allegedly to meet with officials in saint petersburg. as i said, he usually comes from uh who knows. maybe there are still discussing about the video with you between him and that actually yes, there are some of his goals, the grammar. maybe you're and thank you so much. that was d, w 's. you're a reset to enter rico. so you're watching dw news from berlin coming up next. we've got business for you. and remember there's lots more information on our website. that's the w dot com. and on social media to our handle there at the w. a news on terry martin. thanks for watching the hello guys. this is the 77 percent. the platform for these issues. share

idea the you know, or the side that will be a not a great to catch and then you get to talk to applicants. population is really fast . the young people clearly have the solution. the future is 77 percent every weekend on dw the a step towards financial stability for 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, current munich is ending

a sponsorship deal with katara airways. thats had fans up in arms and tell you what's behind that. and vietnam has been a preferred destination for for an investment. and recent years will show you why. and what drawbacks doing business? there still have to costco boston because of our rent. they are being commission published a proposal on wednesday that were introduced digital legal to handle tender for use wasn't 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

take action. so for nigeria, jamaica, and several other caribbean nations have fully launch centrally back digital currencies. in other $53.00 countries are in the advanced stages of a roll out, including china, india, japan, and brazil. that's good morning, this from dw correspondent band, we got in brussels band, a good to see you. tell us more about why you regulators feel this digital euro is actually necessary. the you 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 ground some kind of independence from payment systems

like mastercard or visa, which are all seated in the united states. 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 or the paying this is your, 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 wallet 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, 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, 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 smartphone, it is limited actually 2 or $3000.00 zeros to avoid and of yeah, there's something, some abuse and also money laundering, dw corresponding battery got in brussels. bam, thank you. and also some of the other global business stories making use your own. are you be asked to look at more than half of countries with $45000.00 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 it hurts economies more than inflation does. rate increases, make it more costly for early to pay off its debts rooms. here's a planned knife height. next month's could trigger a recession, amazon is planning to raise the entry level wage for logistics staff, and jeremy to 14 euro is an hour and more depending on the region. the decision by the us retail jane comes as a country wide collective bargaining. and the minimum wage increases, the res will effect some $20000.00 german football championed by munich half an ounce. 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 buyer and around $25000000.00 jurors per season. the cloud has face criticism over the deal with fan groups and supporters, protesting it on human rights, crowns the current sponsorship expires the end of this month. alright, let's talk some more about this with mex merrill from do you have the sports max barton have ended this controversial partnership with guitar ways. why hasn't 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, washing 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 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 a majority. find out 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 appeal came a the campaign as 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 the sake of 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 ship 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 tends actually. so this still 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 you're playing 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 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. do you use mex merrill giving us a low down on this, a deal of buying munich, ending its partnership with cut our with mex, thank you. the political tensions and strain to supply chains during the corolla of ours pandemic have caused some by sun economies to reassess their ties to china. in 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 with people and folks. and what do you mean switching 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 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 upstream suppliers if we now have supplies were

increasingly coming to vietnam and investing here rather than china, it's all can get some quotes in so much. another factor that sparked investment in vietnam is china as you long pursuit of 0 co. but that is not to say that companies are executing. china says the local managing director of the boss, you rather sees a gradual shift from industries relying solely on china. i'm going fast august like so. we can go ahead and make that and let's, and we all, we have a t 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. we say yes, we also want to produce in other countries, but we definitely don't want to reach yourself business in china thinking that to look fund half of vietnam's 100000000 people are between 15 and 45 years old. the communist country has also other advantages such as a free trade agreement with you, and i'm slow wage 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 is eligible for the infrastructure and it needs to improve and 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 important next. not just if you are on the way home and what do you mean city? what, what counts for the investors is that the to mommy's metropolis 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 visits from chris colburn. rowland, thanks for watching a very successful day. the

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