the secrets lie behind these discovered new adventures in 360 degrees and explore fascinating, both heritage selling dw world heritage 36050. now 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 is 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 isn't stop will rise on this edition of made dw business magazine. and here are the other topics. driving l g b t cube,

less friendly businesses in poland. however, the cultural machinery is supporting climate adaptation and recruitment agency go german trends to asia for trainings to bondage and belo. welcome to the show, but going to start with gold, which is older rates right now. the vast majority of the earth gold wizards 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 surface from out of space. the ancient incas bleed cold was the tiers of a son. it is without doubt the most valued precious metal around about. 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 middle was exchange for spices in india and silk and shiny gold. as the test of time,

it has become safe haven for investors in times of uncertainty and global crisis. and that's something i'll report on. the chat is schmidt, has been looking into the gold prices are high, but traders and investors are buying it in droves. talk to 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 payments in the settlement systems is dominated by the u. s. and the bonds us dollar, the central banks are in that kind of gold rush. put. why? and why is this man happy about it? decades ago, the world monetary system was based on gold. the us central bank promise to

exchange an ounce of it for $35.00 at any time. as i'm as an investment, gold has a very, very long she doesn't have that much longer than most traditional currency. then dealing with the evidence suggests the ancient egyptians prospect it for gold 4000 years ago. not sure. yeah. 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 wide, central banks have been scooping up gold at the fastest pace. and over 50 years,

the pm central banks concerned about their exposure to the us dollar and the bill. ready in the sense of sanctions and or freezing of the central bank assets. and then on the retail side, we're seeing a brand new demand from countries like turkey, where there is a very uh, so i'm 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 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 financial 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 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 poor teens foreign currency reserves despite international sanctions. analysts expect that over the next months, a number of central banks will continue stocking up on gold. so will the price of gold continue to rise, even though it's already reached a historic kind i do assume that perhaps in the coming year we'll set a new record for the price of gold. and i think the central bank,

it will be an important factor in determining whether or not pre never come to continue to remain in place a 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 they boost 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 and 1940. it opened its 1st restaurant today. it is the world leading fast food chain. best buy sells revenue for the turnover of nearly 22000000000 euros last year. concept as simple, it serves, found the dice 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 the same way in every country. as the bond patty onions pickles,

let us cheese and catch up. it's the same in some 40300 franchise restaurants in a 120 countries. but it's not both moves failing for mcdonalds. it is face criticism for hygiene, working conditions, and last 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 health explains burger nomics. what is the big mac index? the big mac is sold all over the world, but the same for from the same fast food chain doesn't trust the same in every country. why is that? 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 exist is because of differences in purchasing power in different countries. the big an index as an informal towards the cafeteria. these

differences, it was devised by economists, editor pamela widow, 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, 2 euros and $26.00 that 0. so there's in between and about 5 years and $0.51. but this in portable indicator also has its critics. other factors affect the price, such as transport, cost, 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 billy bookshelves but because it's so vivid, the big mac index remains popular and the index was 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. now with a new incoming government that is more liberal, their firms could also benefit. a correspondent 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 that business to bob will suki publish for the 2 badges. they create tons made bags and accessories each with the rainbow flag attached to show the support the opponents l g b t q, community, those i switch a member of our staff and that serves a big furniture chain with a global presence or the clothing chain. can use this symbol, but there is no message linked to it. the only issue is not them is up in a 2nd. 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 the, so is there 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 for n g o is we support the l g b t q, right? these bikes, the best in, is selling it to be sold to business. the french cosmetics brand gone in. this is everything for us now. um is uh, sometimes the entire tires because we have the lots of work and the only uh for 12 of us. and then 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 or another business promoting would you be to acceptance imposed in

these cubic to based in the western time of the foods, 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 have to make, has 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 where your flip flops and we say, okay, goodbye. but much more thing that night, turning over 6000000 your race? yeah, i'm starting so i decide if pollings bold is including in germany. these a 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 european union and growing. so if you were ben in jerry's opened chain, for example, both of which have undertaken fairly significant commercial marketing campaigns which feature eligibility plus content in poland. embrace abuse. you are thinking i would suggest both with your hot and with your head pulling cdp is nearly 700000000000 yours. so the pink economy makes up just a of a 5 percent, one economist who have imposed and 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 thought about 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 of being quantity stuck in the workshop. devolve 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 finding 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 method 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 increasing. the common ssl foil 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 is doest 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 farming will meet that challenge to learn for trust on and present kind of the farm and no 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 and the soil on the surface is doc on the ground or that absorbs more heat from the sun ends and produces more milton through evaporation, for doing so the, the new method is cold, know till foaming by using machinery that minimizes foil disturbance less force 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 is, is also new. they leave

a crow presidency on the ground which protects the soil of bypassing the moist, but we didn't have a layer of ammonia lining crop residue. on the top, the soil cools off and less water evaporates from it and see the 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 and the moist soil underneath the 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 borroughs through the soil, which helps that so cut bullshit or like a sponge. and it's a sustainable method of soil improvement, because the us ones on the job year round already being the mazda williams,

a 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 is 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, 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 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 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 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 a friend. that was 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 initial fee for the home, with the no 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 young people to replace boomers, a generation that is reaching retirement age. german firms are increasingly looking abroad to countries outside the you 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 trainees 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 gara. 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 drums direct. they say exactly what's on their mind in, in cause. it isn't. it is an issue. you have to be more polite. 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 to meet you, it 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 now because of the economic situation there. you can assume that they're motivated you, when 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 name of the trainees from indonesia are very grateful, very punctual, and see what they're doing here as an opportunity in songs and publication. which is the impression you often get from the german trainings and the email who's on shanker recruits trainees from southeast asia. he's doing client outreach at an international trade fair for the banking industry delta activity. it's just, it's not a particularly attractive job for many young german, it's these days. so it's smart to take a look outside our borders. and even in other corner of the world, shanker used to teach german in vietnam. and so how interested his students were in germany. he launched go german, which is meanwhile placed more than

a 1000 trainees. most of them stay on here. the state 5, 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 or what and whatnot. but germany's banking industry also has a shortage of skilled workers. one of go germans, clients, plans to bring in more trainings from indonesia this year. they're suppose to do the following. we've already had positive experience. and so we're quite interested in doing more with this type of stuff. it used to be a bit envious because now that he is recruiting here, other employers will also start looking for a good employees here to admit that by that's a problem. restaurant manager alexandro below is also happy with their indonesian training to you at project on the asian dishes, are prepared right in front of the customers. the new trainees, violem michelle, and not john fit right into the team. in one and a half years,

we've had only positive experiences for the i've also funded, they just have a very hardworking attitude. life has been their plight, purplish, and you can always count on a multi to 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 got all medical coleman is vanda here as 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 or maybe studying or go to university at the end of the day, pass on mobile on it and non time taking home to their 3 room apartments. that 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. mo 9 and her son still aren't sure yet, but they'll do afterwards. but not town already knows. he wants to stay in germany and hopes 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. good bye. take care. the

. the vin, no lives dangerous. as a political activist from home come, he'd find for democracy. 4 years ago he fled to london to escape the cross of chinese, so far as he's boss, even in hong kong, police have also found for his focus on europe in 30 minutes on the w into the conflicts own with tim sebastian

as the complex and got the intensifies of public morning from the united states. this rattle needs to do to protect from city and something like this this week for these route is on the i alarm for my head. the issue that the countries in terms of security service is well the us more complex in 90 minutes on dw the world in progress. a top calls to everyone who wants to know more about the topics that concern us about the stories the on the headline was back inside in depth interviews and see

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. this is dw news coming to line from berlin. the exit is from northern gallon, so accelerates is real, says another 50000 gallons of now flood their homes there. these really military claims people are leaving because they understand this. a mouse has lost control of the know also coming up families of hostages, held by him us appealed to the e. u to bring them home. his real says there will be no cease fire in gaza until all the captives are released. and america's pop diplomat praises can.