the historic best dennis screwed at 11 scores was 15 points for me made light of light work of opponents, finland winning one a one to 75. germany also defeated finland twice, and the qualifier for me is the best world cup result is 3rd place in 2002. that's all for now. up next. this business with rob was stay tuned. i'm almeni's of the wood. there's to us that's why we listen to their stories. reporter every weekend on dw d, definitely still on fix, on the inside. every day, the world kasha really world wide web feel free

to come all the world. we can take the different w call, the world unpack, pulse out your info is and all the input u, v w story. now, on to the turning back to the clock on germany 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 the saudi arabia's massive investments in football is that to have on its economy. i'm this time we're visiting the greek highland hoping to attract small foreign taurus stuff to wildfire as whites out. almost this is the state of your business on robots invalid. welcome to the price.

germany's economy as expect 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 j d. p will grow by 2 and a half percent vis. you had a full percentage plane less than last year. and the germany's economy or a 10 to the size. it was at the end of 2019 a power photographic canon joins me now. germany's down to and is looking difficult to shake, isn't it? how's it ended up in this position? well, germany's great strength is also in some ways. it's great week this the fact that it's very much an outward looking economy is very heavy reliance on trade very heavily reliant on exports. which means that when the geopolitical situation is difficult, as it is right now, particularly since the rushes invasion of ukraine is particularly prone,

add to the global market slowing down. so it's struggling with that. it's also very reliance on emerging markets, particularly china. it's relations with china are very ties and the chinese economy is growing quite slowly at the moment, so they're really suffering from that at the moment. there's not a lot of them and you can do of as a lot of do you have let's go stuff is going on, but the what is the government trying to do to get out of this down to what it's looking at various options. i mean, one thing it's looking at and which is which, which was announced today was by old shots by the chancellor of charles is $7000000000.00 euros in tax relief for companies that this is in a way to try and kick start this industrial sector. it's focusing very much on energy intensive industries on the sectors that would use admin clever use of energy. so it's trying to look at different ways that account within germany itself . to help make the streamline the situation, improve the situate the tax situation for companies. and then help boost exports and, and ultimately bring the economy back into a better position. okay,

terrific union, thanks a lot for staying across this. and we'll keep watching developments in the gym and economy. of course, as the guys let's take a look at some of the other big business stories making the news to type in. i says it's launching a business version of chat g p t t p t enterprise will offer customers special products like faster speeds. the release comes as chat g p to struggle to maintain the excitement that made it the worlds fastest downloaded app in the weeks after its release. call make it toyota or is 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 present. it does not appear to be a cyber attack. unlike the hack that caused the company ship to shut down production last year. chinese comp make a b y, d has more than doubled its profit in the 1st off the us despite an intense price.

well that's re have it on for an automatic is like faster. and volkswagen price wise, also back to the smaller startups and the world's largest. com market and australian work is it to liquefied natural gas plants operate to buy chevron. so they planned to go on strike after weeks of failing 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. the now saudi arabian football teams have spent at least 750000000 yours vis somebody searching into the ranks of the biggest spend this in global stuff. countries suffering well funded 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 50 on a 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 to develop resilience, cheapest on name. 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, the saudi domestic league. 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 to her about football, it extends to golf to cricket, to formula one entity to east sports. they've been heavily invested in gaming and outside of entertainment. but if we're looking to have that sort of disruptive d sports and how they've disrupted the commercial landscaped off of the just take all this was a very quick example. so the set up their own arrival 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 being legally challenged in terms of football. obviously over the course of 2023. the saudi pro lake 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. that 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 huge the transformative effect of the saudis billions . really because you're talking about 67000000000, they're estimated to spend some 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 a ride that had major bulky matches. that also said, 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, how probably the claim is that that resolved is um, one of the key reasons that is going to be true. i mean if we look at the figure of mohammed vince 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, close 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 necessarily 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 sadie or it'd be a more attractive destination, a more attractive place to live. but of course, there is another big side to this, rob this we have to look at and that's about the, the foreign an overseas image of study are indeed sports washing as they call it. so how much of this is about just improving saudi arabia's image. i think

a 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 cars to be nice as 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 costing items 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 side of the 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 start happening with sports don't, don't have the improves the countries image. and what's important say about sports, watching rob very briefly 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. k writes the corruption, the let's with getting the tournament. but yet it was a very positive event. people now associate that with guitar. and 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. and then we have seen funds willing to overlook these things. also sullivan. thank you so much for talking us through it. now the greek island of area is something of a hidden gen 4 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 k. early morning, ireland shuts are 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 call you and you said it's great to hear from an a as well as for young people. it's through natural beauty that doesn't lag behind. the other either hasn't nips the ocean. i thought 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, abn needs tourism now more than ever, especially since the islands is more of an inside of tip, and nowhere near a school printer, a say, create or rugs. miss significant, almost nature has to recover from the firestone. it's on the bottom, but we are trying to support macos with 8 programs. and what is most? most of them are they? but the tourist sierra prime literally come from the greek mainland. they loved the

island, smallness and quiet. there are hardly any for interest. tabitha hotel, owners like marley, our mission for just that v as in i can look to freedom about we're actually satisfied kids and we would like to have other tourist from outside greece and the longer season and get his visual. maria in the rest of the island, which is for the same she was born on navia and is closely connected to her homeland. and she's been running conference here for decades and for the past few years, the speech box 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 german economy. unless 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 and i saw from the end of business team here in berlin from all you can, has a d, w dot com slash business. so you can find this on the data in use youtube channel. and if you wanna get in touch, you can get it facebook as well, i'm fine. is that need to be don't business until next time. the

use unemployment in china is sky high. hundreds of applicants are competing for the few vacant positions at the state run airline, and other large companies. once an economic miracle, the country now face has a deep crisis. and the young people hit the hottest global boss. next on dw, to watch the environment trends, technologies come is digitalization, stall, tops, new market, new media. the world is accelerating these the opportunities to try new things. take flights with d, w. 's, business magazine, made in germany. in 60 minutes on d. w. what secrets lie behind being

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