can we do simultaneously? multitasking diesel modern, because if we do too much, we get it all wrong. we mess things up, risking brain damage. so let's stop this self sabotage, humans and multitasking watch. now on youtube, v. w documentary, the many central banks across the world are trying to reduce their reliance on the us dollar. they've been turning to gold to do that. demand for the precious metal as storing gold as long been considered a safe haven asset. and that's something that is even more apparent in volt old times like these will be looking at gold and excellence,

double rise on this edition of made dw business magazine. here are the topics driving l g, b, t cube, less friendly businesses in poland. how every cultural machinery is supporting climate adaptation and recruitment agency, goal german trends to asia for trainings vonage and beller. welcome to the show, but going to start with gold, which is all the rage right now. the vast majority of the earth gold wizards were formed billions of years ago when stars died and collided resulting and supernova. and the rest comes from nature writes have landed on the earth surface from the outer space. the agent incas leave cold with the tears of the sun. it is without doubt the most valued precious metal around the world. and that's why it's a symbol of power, wealth, and using gold as for us to use as a kind of international currency, an asian pro, centuries ago, the matter was exchange for spices in india,

silk and shiny gold. as the test of twine, it has become a safe haven for investors in times of uncertainty and global price. and that's something i'll report on the chat as schmidt has been looking into. the gold prices are high, but traders and investors are buying it in drugs. hockey, shipped to the world gold council, estimates that an average of a $130000000000.00 us dollars are traded per day. talk, decrease, and central banks around the world are buying gold at an astonishing rate for a house being this problem for many countries where the international payments and the settlement systems is dominated by the us and by the us dollar. the central banks are in a kind of gold rush, but why and why is this man happy about that?

decades ago the world monetary system was based on gold. the us central bank promised to exchange an ounce of it for $35.00 at any time. as i'm as an investment, gold has a very, very long should. i should have been on it much longer than most traditional currencies. then dealing with the evidence suggests that ancient detections, the prospect did for gold 4000 years ago. not sure that's how long the tradition has existed and that presumably plays a very, very big role. including for the fact that it was long used as an anchor for many currency systems. to see the schema. what is the goal to dollar a guarantee is a thing of the past, and until recently, central banks were cutting back on their gold reserves. but in the past 18 months, a number of central banks have been loading up on go with these 5 countries as the leading purchasers worldwide. so central banks have been scooping up gold at the

fastest pace. and over 50 years young central banks concern about their exposure to the us dollar and the bill. ready in the sense of sanctions and or freezing of central bank assets. and then on the retail side, we seeing a brand new demand from countries like turkey, where there is a very strong concerned about currency depreciation. and then more recently in the last month, in fact, in china, where we have similar concerns arising. so are some countries buying gold in order to pursue a much bigger goal, perhaps to end the dominance of the us dollar and international trade. even now international purchases are usually made in us dollars, much to the dismay of china, which has been on a gold buying spree for years. they want their huge stock pile to a road the dollars dominance. that process really hasn't gone very far. the china

is now transacting commodities in your wyoming, for example, that frontier have contracts on that basis. but when you look at the share of the dollar within the global trading, i'm central settlement systems. the dollars still really don't minute. so i think it's something that will come over time, but i think it's going to be a very slower process. it's a situation that serving russia well, moscow is sitting on the world's 5th largest gold reserves. not long ago. it's said to have sold hundreds of millions of us dollars worth of gold plumping up port tunes for and currency reserves despite the international sanctions. analysts expect that over the next to months, a number of central banks will continue stocking up on cold. so will the price of gold continue to rise, even though it's already reached a historic kind you know, i do assume that perhaps in the coming year will set

a new record for the price of gold. and i think the central banks will be an important factor in determining was about premium, a come to continue to remain in place. the high demand and the jewelry industry is another factor. it's one of the top buyers of gold that's also likely to keep prices high. which in turn is good for the central banks because it boosts the value of their gold reserves. now it's time for another kind of gold rush started by the us fast food chain of donald's. in 1940, it opened its 1st restaurant today. it is the world leading fast food chain, like best buy, sells revenue for the turnover of nearly $22000000000.00 euros last year. it's concept as simple. it serves candidates burgers around the world in the us, europe last in america, africa, and asia. the big mac is available on every continent except point toxic up, and it is made in the same way in every country. as the bonds patty onions pickles,

let us cheese and catch up. it's the same in some 40300 franchise restaurants and a 120 countries. but it's not both most failing for mcdonalds. it is face criticism for hygiene, working conditions, and last production of b, which is bad for the climate. but for economists, the global presence of the big mac has come in handy in another way to see how different countries compare economically. my colleague underestimate what health explains personal next. what is the big mac index? the big mac is sold all over the world, but the same burger from the same fast food chain doesn't trust the same and every country. why is bad. and what does it mean? according to one's theory, a perfectly functional global market wouldn't have these kinds of price differences . the fact that they do exist just because of the differences in purchasing power

and different countries. the big mac index is an informal tool to capture these differences. it was devised by economists editor pamelor, what of and published in the british magazine in 1986. the index uses the price of a big back in the united states as its reference in the us, a burger cost, the equivalent of 5 years and $0.28 and july 2023 in south africa. it cost about half that to euro and $0.66. in other words, purchasing power in south africa is only about half of what it is in the us. and there are other important differences. a big mac is most expensive in switzerland, at 7 euro is and $0.32 and cheapest in taiwan to euro is in $26700.00 is in between at about 5 years and 51 cents. but this an portal indicator also has

its critics. other factors affect the price, such as transport costs, labor costs, energy prices, differences within a country, and affluence in demand and each country aren't included. and big macs are sold in some countries. like you run and government subs helps give rise to other informal indexes, types of products, like the apples i've had many poor ikea philly bookshelves but because it's so vivid, the big mac index remains popular and the index is still published every year in recent years, paul ins, eligibility group plus community has faced more restrictions under a ride when government, but that didn't stop queer individuals and allies from coming up with products that serve the community. and now with a new incoming government that is more liberal, their firms could also benefit of correspondence. chuck power was in poland and met

with the owners of l. g, p, t to plus friendly companies, a residential building in central ball so done in the basements. the workshop of a couple sebastian invoice check and the business developer suki published for the 2 badges. they create tons made bags and accessories each with a rainbow flag attached to show the support proponents l g b t q, community, those i switch my bills and that's now and that's our big furniture chain with a global presence of the clothing chain can use this symbol, but there is no message linked to reveals that she has not been is up and check. they do not support any of the energy b, p organizations because it brings up to 100 percent efficient. i believe the desire is to capitalize on some of these on ping money from the market. and uh, so they're into a bike type costs around 55 your raise, but the customers gets

a 10. your a discount? if they can prove they've donated to a pro l g b t q organization. how would you be t q life in poland. isn't easy. the right wing government, which had been in power for 8 years, has made it difficult for n g o's, which support the l. g b t q, right? these bags the best in is selling it to be sold to business. the french cosmetics brand gone a. this is everything for us now. um is uh sometimes the entire tires because we have the lots of walk and the only uh for 12 of us and then about the size. uh, it's nice. well, that product so made from of costs they acquired free from of the tech style businesses. this is a small business here and more so they make all of that products here themselves. but the problem is with corporate clients now on board, that they can grow,

not just within the o g, b, t, community, another business promoting would you be to acceptance imposed in these cubic to based in the western time of the food. a famous polish flint salt brand from the ninety's, which sort say it was dwindling to a few 100 pads per year, but still have them because epsky was part of a takeover team in 2018. read them to the brand and started running pro. would you be t q, public campaigns? we could expect that there will be some reactions which are not so nice and they were, they said, you know, i would never buy again where you hopefully flows and we say, okay, goodbye. but much more can that night turning over 6000000 your race? yeah, i'm starting so i decide if pollings board is including in germany. these are business is considered part of the pink economy, a time used to describe the purchasing power of the l g b t community. according to 2022 data from 9 consulting, poland,

so called pink economy is with 35800000000. yours per yeah, it's the 7th biggest pink economy into your opinion, and growing. so if you were then in jerry's opened chain, for example, both of which have undertaken fairly significant commercial marketing campaigns which feature eligibility plus content in poland and recent use. you are thinking i would suggest both with your hot the end, with your head pulling cdp is nearly 700000000000 yours. so the pink economy makes up just over 5 percent. when economist here in poland told us the government is wise to keep political positions. i would have economics in order to let businesses thrive. i'm not a big fan of every day. intervention isn't my of, of the government's to the economy. it's, it's what's the market is driving to growth in the long period of time. and most countries, which 5 is basically they, they create the regulations that can enable individuals and businesses to 5 in them

. but what deposed on the streets, think of the so called pink economy. my 1st, the 4th above that, it's a, it's something could come on with barbie. what does that mean? it's i don't know whey have no idea actually. i know what does it go to somebody and i know what to say. a green money. he doesn't know as being quantity stuck in the workshop, develop a suitcase business is a labor of love. they hope that contributions to the power this economy can also bring acceptance and rainbows in to publish society. climate change poses major challenges for the i. we cultural sector, you farming methods are required along side the new machines that are adopted for the techniques. and example, the preparation of land sewing, using shallow tillage. it's a metal that's already widely used in north and south america. and now more york

and farmers are turning to it as the continent faces more droughts of the climate change is also making itself felt in germany on the stones. heavy rain and flooding are increasing. the common ssl foil is being washed away. drought is also a problem. i'll send it fairly rains for months on end. crops of withering on the fields and farm land is as dry as dust. not long ago. how does gamma to because of the family farm. is he afraid of climate change? travel kind of, i'm not afraid of climate change, we'll have 2 of them. but that's true for every economic sector. the most adaptable ones are the ones who survive. and i think finding will meet that challenge, the trust of an unpleasant kind of the farm and not the central gemini has been in the family's hands for 3 generations kind of gamma and has found the agree they

want to form the 400 heck to sustainably using of little synthetic fertilizers and pesticides as possible. in the past, every farm had to plow like this one. but the plough has been retired and it's just rusting away. instead, hannah is gamma decided to switch to a new method that doesn't rely on telling the soil, and they stay in board when i plow my field i'm, the soil on the surface is doc on the ground or that absolves more heat from the sun ends. and loses more mil to through evaporation for doing so. the bus on the new method is cold, know till foaming by using machinery that minimizes foil disturbance less fluid to evaporates and more ends up in the soil, which is important during dry spells. and the natural soil structure is preserved. stuff include the cells, this new kind of machinery,

the foster than traditional ones, and the lay out of the blades and role as is also new. they leave a crow for us a g on the ground, which protects the soil and as of right the moist but we didn't have a layer of a mountainous lining crop residue. on the top, the soil cools off and less water evaporates from it. and any of us have you thought of adults during the plunging season? how does gamma also takes care to keep the soil structure as intact as possible to help keep what most of that is in the ground? he used as a direct sewing machine to plant the seeds in the moist soil, underneath the correct parentheses. he plots a variety of crops and even when that's little rain, his heels is good. that's also because the no tool method helps create a healthy soil ecosystem. us williams play and especially important role they borrows through the soil which helps that so cut bullshit or like

a sponge. and it's the sustainable method of soil improvement, because the us ones on the job year round meetings, the mazda williams, our most important employees. but they break down organic material on the south side and turn it into shoes underground too much. so they fertilize the soil. the size the mountain emboldened 1st of all without us williams was a, isn't absorbed well after a heavy rain. it runs off in torrence taking the top soil with it and a rooted stretch of land can take decades to regenerate. a german saw machinery manufacturer as a reaping record profits. an estimated 19000000000. yours this? yeah. cooking is a family owned company that sells machinery used to know till and shallow tillage, farming and direct feeding, bigger, foster and wider all the watchwords of the industry. some of the machine sofa as

much as a german luxury call in steam mix of own cause we're seeing or mid sized and large fargo's and financing is always related to the amount of land it could. these items see it for a small farm investing and such a large machine might not make sense of a skin, but in a minute size, the large farm you have a lot more land to cover the okay. and so, given the economies of scale i machine will pay for itself relatively quickly, so on the machine, if i, serious a tennis gamma is aging root crop ha. the stove will also be replaced soon by a specially designed machine. its wide offset wheels help distribute the harvest as weights on the ground so that it doesn't crush all the us ones. it's an expensive machine, so he's planning to buy it together with a nearby family farm that's run by friends with one of us. so you have to be willing to compromise, of course, and you have to be on the same wavelength. and that's what i do think that this

solution will become increasingly popular for smaller family functions. the theme, the mix of your flex your home with the know till method and solutions like these kind of gamma is convinced his father can adapt to climate change. germany has a shortage of skilled professionals, is just not enough for young people to replace boomers. a generation that is reaching retirement age. german firms are increasingly looking abroad to countries outside the easy to help them recruit the talent they need. and some of those workers are coming all the way from southeast asia, mainly from malaysia, indonesia and viet. now, one equipment agency specializes in hiring trainings for businesses here in germany . and the demand is huge, ranging from technical jobs in industry to care work, and even the fluid sector. we take a look at what is bringing these young trainings to germany and how they are fearing once they get here. so these 3 young indonesians from

jakarta are the new trainees. that's a gm machine engineering company in the east german city of gira. they arrived in germany just 2 weeks ago, so they're still finding their bearings. but there's one thing they've noticed already knew the correct most drums direct. they say exactly what's on their mind in, in cause any, there isn't any denise, you, you have to be more polite to leave the vocational training, they'll get here will enhance their career opportunities. it's not easy to get a job in indonesia right now. last year managing directive comes to meet you. it's wasn't able to find any training is from germany. he's got high hopes for the indonesian recruits a few of them, 5 spots of quitting for that because of the economic situation. they're saying you can assume that they're motivated, you with their families, send them here for

a reason, dollars and you know, after 6 they're told to learn a training and maybe then help support their families back at home. and either from i, in 5 young shop is in charge of vocational training. these are as 1st indonesian trainees in the news or other trainings from indonesia are very grateful, very punctual, and see what they're doing here as an opportunity for songs and publication. which is the impression you often get from the job and training and the email on shenker recruits trainees from southeast asia. he's doing client outreach at an international trade fair for the banking industry delta activity. it's not a particularly attractive job for many young german. it's these days, so it's smart to take a look outside or border and even in the other corner of the world, shanker used to teach german in vietnam. and so how interested his students were in

germany. he launched a go german, which is meanwhile placed more than a 1000 trainees. most of them stay on here at 85. the main reason is because once they complete vocational training in germany, they can look forward to a much better income. here is a go back to indonesia of it. now malaysia, they own about 3 to 400 years a month. when not germany's banking industry also has a shortage of skilled workers. when they go germans clients plans to bring in more trainees from indonesia this year. this depots fall, we've already had positive experiences, so we're quite interested in doing more with this side stuff here. i'm a bit envious because now that he is recruiting here, other employers will also start looking for good employees here to buy. that's a problem. restaurant manager alexandro below is also happy with their indonesian training q at patrick on. the agent issues are prepared right in front of the customers, the new trainees, laila and michelle,

and not ton fit right into the team. this year, and one and a half years. we've had only positive experiences for the i've also funded, they just have a very hardworking added to life. it's been their plate this list and you can always count on like a multi 200 view doing a vocational training course in the food service industry. that includes cooking, hospitality, services and business administration, and they already know they want to stay in germany. why? i can have a better life, easier and earn more money i but it's got all medical coleman vanda, s my work here for awhile 1st and the people with my colleagues and it's another fund your mission issue and say i'd like to keep working or maybe study go to university at the end of the day house on mobile, on it, and not on taking home to their 3 room apartment to they do feel

a bit homesick and also talk to their parents at home. phone on his mother is proud of him and believes there's 3 shipping. germany will bring him a bright future. mo 9 and her son still on shore yet, but they'll do afterwards. but not ton already knows. he wants to stay in germany and hooks to study aeronautical engineering and that brings us to the end of today's edition of made. thank you so much for watching to join us again next time. and remember, you can always watch all of our reports online until then for me and the entire team here in berlin. it's good bye. take care. the

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business b. w. news coming to live from berlin. israel steps up its campaign in the gaza strip. the defense minister says is rarely troops are now operating in the hearts of gaza. city with full port nation between land, air and sea forces. and as israel's aerial bombardment of gaza continues, g 7 leaders meeting in japan are such a calling for a humanitarian ceasefire. the

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