to thank you very much for watching. don't go way up. next. is your business with bob watts and the latest on the german because i'm good. how about this from the end? the news team here? the question, the question about life, the universe and everything. the answer, well then, given here the answer to almost everything. we're documentary series with whoever. raising the ground, breaking questions, state after life or in our city,

saving questions for the present future and heads filled with the ideas. so get ready for the brain uptake. 40 to the intro to almost everything. start september 10th on dw, the turning back the clock on gemini is economy. let's say a gym and g d p code strength to 2019 levels during the course of this year. why is the downside and creating costs to shake? wrecking the beautiful game wants to impact to saudi arabia is massive investments in football is that to have on its economy. i'm this i'm revisiting the greek highland hoping to attract small foreign taurus stuff to wildfire as whites out. almost all of it's already existing to be

a business donald was invalid. welcome to the price. germany's economy is expected to shrink by as much as half a percent this yeah, according to analysis by the institute of the german economy, the export relying nation is suffering disproportionately as a result of global events such as the war and ukraine and slow demand in china. economist estimates that global g d p will grow by 2 and a half percent face. you had a full percentage point less than last year and the japanese economy or a time to the size. it was at the end of 2019. but we cannot speak to one of the authors on that report. mchale drew meeting. thank you so much for being with us is gemini, is economic down to proving how does to shake and previously sold this d o, we saw the change to for sure. all generally, we've lost your stop to show us the record we use the last

5 years. is that something specific about the way that they do have an economies set up? that is meant it has been volvo, normal to the shocks. the user story shares, most of the, of the law based off of the rental. so all these were right here. oh, i saw this was in 5 years ago. and the to you do you want to do you just starting with the rest of the space and the spirit face was always a good thing do. so i'm going to go more last year and c o v is taking weekend or for

just a noise. it's worth while most of the manufacturing refers to gas was use as you can always you through the cd to your offices before our meeting from the institute of the german economy. that now let's take a look at some of the other level business stories that are making the news open. i says it's launching a business version of chat g p t t p t enterprise will offer customers special perks, like hospice speeds release comes as t t p to struggle to maintain the excitements that made it the wells fastest downloaded app in the weeks after its release call make its way over to our suspending production at all of its 14 factors in japan. so i think a technical glitch was biggest comic and was trying to find the source of the problem. the said it does not appear to be

a cyber attack. unlike the hack that caused the company ship to shut down production last year. the chinese comic a b, y d has more than doubled his profits in the 1st off. the us despise an intense price. well that's re have it on for an automatic is like tester and volkswagen. price wise, also back to the smallest startups and the world's largest. com market and australian work is it to liquefied natural gas plants operate to buy chevron. so they plan to go on strike after weeks of failed negotiations of a pain working conditions. the 2 sides produced 5 percent of the was ellen, g. a, strikes could drive up to the level of prices. you know, saudi arabian football teams have spent at least 750000000 yours this summer, searching into the ranks of the biggest spend this in global stuff. countries suffering wealth fund has taken over the top of a 4 top teams. and this out in front of me is splashing the cash to attract top

talent. world famous players, including christiana, rinaldo carry benjamin, and gold. come take off already that earlier this month. saudi's biggest, the out loud spent in my watering. $90000000.00 develop resilience, deepest on names. i'm going to discuss this by my colleague also sullivan. he's been looking into it for his also just put his spending spree into context for us because it's not just about improving the society domestically. is it now for a number of years now? rob saudi arabia have been deeply invested in a very large, multi 1000000000 dollar sports investment project. so obviously you've talked there, but football, it extends to golf to cricket to formula one of the sports. they've been heavily invested in gaming and outside of entertainment. but if we look at have, they've sort of disrupted the sports and how they've disrupted the commercial landscaped off of them. just take all this is a very quick example. so the set up their own rival tour live golf, used huge sums of money to attract players from the long established patriot or,

and have ended up disrupting the game. so significantly that there is no emerge or between the 2 tours. very controversial currently been legally challenged in terms of football. obviously, over the course of 2023, the saudi pro league has just been blind players left right and centre. christy on rinaldo name, our host of top level stars, and they've been paying huge transfer fees and also huge wages. and of course, has transformed the transfer markers in terms of europe. it means that floods are getting huge sums of money for players that are now not necessarily worth that money anymore, because in some cases, and they're misled tardies. so a huge the transformative effect of the saudis billions. really because we're talking about 67000000000, they're estimated to spend on sports over the last few years is having on the global sports industry. yeah. and if you're into sports, i mean, you really kind of missed it arrives. i've had major boxing matches that also. so but, but sadie says a lot of this is about helping it's diversify away from oil, which we know is something that has a major fund for up until 202030. i think it is. um, i'll probably the claim is that the resolved is um,

one of the key reasons that is going to be true. i mean if we look at the figure of mohammed bins on, so he's the crime princess sadie arabia the son of the king. but on delta v, i'm literally the power behind the throne amount in his thirty's will probably be effectively running saudi arabia for many decades since he sort of became to power as it were. about 7 or 8 years ago, he made this big project vision 2030 diversifying decided economy away from lawyers . because as we know, chose to half as g d. p is from or more than 3 quarters of the exports is always what those need to. of course, diversify, and that is true. they've been focused on a lot of things that don't necessary. grab the headlines like mining green hydrogen . but the more headline grabbing stuff is the entertainment sector, tourism. and this, of course, a huge sports investment project. a lot of it is a domestic project, they want to change the domestic side of the economy, increase consumption, it's a very young population that do genuinely loved their sports there. and so he sees sports as a way of, of appealing to this young population of making saudi arabia more attractive destination, a more attractive place to live. but of course, there is another big site to this rob this we have to look at and that's about the,

the foreign and overseas image of study rep. indeed sports washing as they call it . so how much of this is about just improving saudi arabia's image. i think the huge part, so i think what's important to, to say is to the context in which this is happening. so we see what's out he already has done with football. and one thing that i didn't mention was the purchase, for example, of new costs united, a major premier league sold in the north of england essentials to half a 1000000000 there over the last couple years. and so for people who are maybe sports funds and, and watch these teams like new costs united or are meant they're following. the saudi probably think they need to understand the context in which some of these things have been happening. so said he already has an appalling human rights records, and it's gotten worse over the last 56 years under ben simon, for example, x occasions. i mean women's rights, for example, have improved in the country to some extent that women are never allowed to drive. but it's coming from an incredibly low base. so that's the context in which some of these things are happening. and then there's the murder of the journalist, or malika, shogi, brooklyn murdered in 2018. and the saturday constitution is simple. and it's important to say that the united states intelligence services have said,

haven't been signed on the evidence all points to him having directly ordered his murder. so these things happened. saudi arabia was an, has been a pariah. and then all of a sudden, all these things started happening with sports data, the improves the country's image. and what's important say about sports, watching rock. very brief is it works. we saw with the world cup and guitar last year, and the lead up to that guitar had all sorts of allegations about the treatment of migrant workers. it writes the corruption that led to getting the tournament, but yet it was a very positive event. people and i was sociate that with the tire i. likewise, people are increasingly associating saudi arabia with rinaldo name or profession football entertainments. and that's, that's the reality of sports watching. yeah. then we have seen funds willing to overlook these things. office sullivan. thank you so much for talking us through it . have a great island of have yeah, is something of a hidden gym for, for and tours. in particular. however, in recent years it's been the victim of devastating wild fires like those that we've seen in roads this summer. after most of the areas force will destroy the

island is in need of a thirst. so it could overseas travel is the key. early morning, ireland shutter, the 1st coffee is our opening in the background area, moves at the laser, the price as low widens without masters. i gave you a quick any. i said, it's great here for simon a as well as for young people, it's through natural beauty. that doesn't lag behind the other on the us and it's the ocean of what i know more of yes. and people are looking towards the future and more and more greek tourists are supporting of the navia. because 2 years ago, they were severe fires here with almost 80 percent of the forest being destroyed and fires are flaring up again this summer. therefore, it'd be a neat stories and now more than ever, especially since the island is more of an inside of tip, and nowhere near risk for printer a say create or rugs mis significant on was the nature has to recover from the

fires on it's on the bottom, but we are trying to support macos with a programs. and what does most, most of them are the books, the tourist here, prime literally come from the greek mainland. they loved the island, slowness and quiet that hardly any 4 interest. tabitha hotel, owners like marley rushing for just that visit. i can look to for you. then we're actually satisfied shifting gears. but we would like to have other tourists from outside greece and the longer season and get his visual media in the rest of the island, which is for the same. she was born on navia and it's closely connected to her homeland. and she's been running conference here for decades and for the past few years, the speech bar greeting has never been an option for the 60 year old. that's in nevada. we've been suffering from the fires for a long time, but we try to keep going. i still see my future here is positive and we also convey this to our guests. as a rule, they support us and we're looking forward difficult. um every ad therefore won't be

easily discouraged and it's definitely worth a visit. the just talk for a lot of the top business story that we're following for you this, our gemini is economy. is that to shrink by as much as ha, a percent this year, according to the institute of the german economy. analysts estimate speak, let that play with g d p will go by 2 and a half percent this year. i'm not your biggest economy over time to the size. it was at the end of 2019 so for me in the business name hand balance, i'm all i have is a d, w dot com slash business. so you can find us on the data and use youtube channel. we're on facebook as well. it uses because our data, but you don't business to next time to get the chico state to and the usual suspects. so a pulse,

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that's the nanda foundation one back to the find out about robina story in some migraines. reliable news for migraines. wherever they may be. the new jobs know future in china. young people are desperately looking for what the india is prostitution villages. we meet women determined to get out of poverty. the. this is my property right here where we had our house at my house was built in 1933 and it was a really a character homes. beautiful, beautiful character.