of the researches and scientists all over the world for in a race against time. they are peers and rivals with one daring goals to help smart nature, the more likes watching it. on youtube dw 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 hold times like these will be looking at gold and it's on stop will rise on this edition

of a made w's business magazine. and here are the other topics. driving l g b t cube, less friendly businesses in poland. however, we cultural machinery is supporting climate adaptation and recruitment agency go german, turns to asia. for trainings i'm to bonded to invalid. welcome to the show. but going to start with gold, which is all the rage right now. the vast majority of the earth, gold reserves were formed billions of years ago when stars died. ankle light is resulting in a supernova. and the rest comes from nature writes, have landed on the earth's surface from out of space. the ancient incas leap. gold was the tiers of the fun. 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 was for us to use as a kind of international currency and asian pro. centuries ago, the metal was exchange for spices in india, silk,

and shiny gold. as to the test of time, 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. talk. can you please shift 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 paint models in the settlement systems is dominated by the us and by the us dollar . the central banks are in a kind of gold rush foot. why and why is this man happy about it?

decades ago, the world monetary system was based on going to 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 deal with the evidence suggests the ancient egyptians, the prospect it 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 underneath the water. 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 gold with these 5 countries as the leading purchasers world wides,

central banks have been scooping up gold at the fastest pace in over 50 years. some m central banks concern about their exposure to the us dollar and bomb ability in the sense of sanctions and or freezing of the central bank assets. and then on the retail side, we seeing a brand new demand from countries like turkey where there is a very uh, so i'm concerned about currency. 3 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 goal buying spree for years. they want their huge stock pile to a road. the dollars dominance. that process really hasn't gone very far. 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 dollar is still really dominant. 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 of 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 portends for, and currency reserves. despite international sanctions. analysts expect that over the next 2 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 whether or not pre never 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, mcdonald's in 1940, it opened its 1st restaurant today. it is the world leading fast food chain, like best buy sells revenue or the turnover of nearly 22000000000 euros. last year, it's concept as simple. it serves candidates burgers around the world in the us, europe, blasting america, africa, and asia. the big mac is available on every continents except one toxic up. and it is made in the same way in every country as the bon 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 move sailing for mcdonalds. it is face criticism for hygiene, working conditions, and mass production of the 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 house explains bergen nomics. 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 cost the same and every country. why is bad. and what does it mean? according to one theory, a perfectly functional global market wouldn't have these kinds of price differences . the fact that they do exec it is because of the differences in purchasing power

in 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 mac in the united states as its reference in the us. a berber costs 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 and $26.00 that 00 is in between at about 5 years and $0.51. but this in portable 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 are 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 port yes, billy bookshelves but because of so vivid, the big mac index remains popular and the index was still published every year in recent years, pollings eligibility group less community has face 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. 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, but also found in the basements. the workshop of a couple weeks about cnn void check. and the business developer suki published for the 2 badges. they create tons made bags under accessories, each with a rainbow flag attached to show the support the opponents l g b t q community, those i switch a member of our staff that serves the 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 a 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 marketing. and so they're

into a backpack costs around $55.00, your res. 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 to n g o's, which support 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 sometimes the entire tires because we have the lots of walk on the, on the, for 12 of us and the about the so it's nice. well, that product so made from of cost 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, as another business promoting. would you be the q 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. right, so i have to make his epsky was part of a takeover team in 2018. read them to the brand, and started running pro. would you be to 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 with you. i'll flip flops and we say, okay, good luck. but much more thing that night, turning over $6000000.00 your race per year. 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 agnostic consulting, poland,

so called pink economy is with 35800000000. yours per yeah, it's the 7th biggest pink economy in the your opinion and growing. so if you were ben and jerry zill pen, teen for example, both of which have undertaken fairly significant commercial marketing campaigns which feature eligibility plus content in poland. in recent years. you are thinking i would suggest both with your heart and with your head pulling cdp is nearly 700000000000 yours. so the pink economy makes up just over 5 percent when economists to have 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,

depriving them but what deposed on the streets. think of the so called pink economy . my 1st, the 4th about that it's a, it's something could come on with barbie. what does that mean? i have no way. i have no idea actually. i know what is a good somebody. and i know what to say. a green money. the know is being quality. fucking the workshop to bob 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 were cultural sector. you farming methods are required along side the new machines that are adapted 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 drought of the climate change is also making itself felt in germany on the stones, heavy rain and flooding are increasingly common. ssl soil is being washed away. drought is also a problem. i'll send it fairly rains for months on end. groups of withering on the fields and farm land is this dry as dust. not long ago? how does gamma to because of the family farm? is he afraid of climate change? chat, what 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 the farming will meet that challenge. the language of the unpleasant kind of the psalm 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've been bored when i plow my field. this oil on the surface is doc on the ground or that absorbs more heat from the sun, ends and loses more meal task through evaporation. for doing so, the, 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 roll is, is also new. they leave a crow for us, a g on the ground which protects the soil of bypassing the moist. but we didn't have a layer of a mountainous lightning crop residue on the top, the soil cools off and less water evaporates from it. and any of us have you thought of doing some 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 crooked parentheses. he plots a variety of crops and even when as little rain has yield is good. that's also because the no tool method helps creates a healthy soil ecosystem. us williams play and especially important role. they borroughs 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 already being the mazda ones, our most important employees. but they break down organic material on the satellite and turn it into shoes underground too much. so they fertilize the soil and the size of the mountain inborn falls off without a swims 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 farm machinery manufacturer as a reaping record profits. an estimated 19000000000. yours this? yeah. co calling is a family owned company that sells machinery used to know till and shallow tillage, farming and direct feeding. big a false to an wider all the watchwords of the industry. some of the machine sofa as

much as a german luxury call in steam mix of what we're seeing or mid sized, and large fargo's and financing is always related to the amount of land they can design the material for a small farm investing and such a large machine might not make sense, but in a minute size, the large farm you have a lot more land to cover the ok. and so given the economies of scale i machine will pay for itself relatively quickly on the machine. if i service 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 you have to be willing to compromise, of course, and you have to be on the same way for language. that's what i do. things that this

solution will become increasingly popular for smaller family functions, the theme unix of your flex, your home with the know till method and solutions like these kind of gamma is convinced his palm 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 recruitment 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 trainees to germany and how they are feeling once they get here. as these 3 young indonesians from jakarta

are the new trainees, that's a gm machine engineering company in the east german city of kira. they arrived in germany just 2 weeks ago. so they're still finding their bearings. but there's one thing they've noticed already. you direct most of them is our direct line, is that they say exactly what's on their mind in, in costs and internet in, in indonesia, 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 director of funds to meet you. it's wasn't able to find any training is from germany. he's got high hopes for the indonesian recruits are feeling fine. it is full of quitting for that because of the economic situation there. you can assume that they're motivated. you with their families, send them here for

a reason, dollars a year after 6, they're told to learn to train 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 name of the trainees from indonesia are very grateful, very punctual, and see what they're doing here as an opportunity in songs and obligation is the, which is the impression you often get from the job and training and let me know if, if i think they have on shenker recruits trainees from southeast asia, he's doing client outreach at an international trade fair for the banking industry . the, i'll talk to you today just, it's not a particularly attractive job for many young germans these days. so it's smart to take a look outside or border and even in other corner of the world, shanker used to teach german in vietnam and so hell,

interest of 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. that's 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 that germany's banking industry also has a shortage of skilled workers. when we go germans clients times to bring in more trainees from indonesia this year. this depots div, that's awesome. we've already had positive experiences, so we're quite interested in doing more with this side stuff. it has to be a bit envious because now that he is recruiting here other employers will also start looking for good employees. here to me that by that's a problem. restaurant manager, alexandro below is also happy with their indonesian training to you 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 at models and fix it. in one and a half years, we've had only positive experiences by the i've also funded, they just have a very hardworking added to life. it's been their plight, purplish, and you can always count them right mostly to kind of 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 a while 1st and the people with my colleagues. and it's another fund your mission issue and say i'd like to keep working right 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 apartments to they do feel

a bit homesick and often 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, the mos on and hoss on still, on sure 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, an entire team here in berlin. good bye. take care. the,

the, into the conflicts own with tim sebastian. as the complex and got the intensity buys a public morning from the united states. this rattle needs to do more to protect from city and civilians like this this week for these route is on the island for my head. the issue that the countries in terms of security service is around the us for conflict in 30 minutes on the w

the food chain. and yet they are in great danger. so no urgency for decades, they were almost exciting. now, large swamp areas aren't to be restored, left the return of the tag wires, begin in 75 minutes on d w. i just got issues with a lot say what the

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business dw news live from berlin, leading the fighting in northern guys, a tens of thousands of palestinians head south to what they hope will be safety as israel's and ground offensive in the north, intensifies also coming up families of to have mass health hostages appealed to the e. you to help bring them home. israel says they'll be no spot in guys until all the captives are released. the.