international pressure, israel has once again ruled that c spots until how much release is the hostages? it is, so i'll be back on the top. i'll be out with all world news. in the meantime, you finance ministers are meeting in brussels of rob watts as the latest on that's in your d w business updates coming up in just a moment. i'll get to the actually, we don't have a choice. we have little time list to save the planet. so we have to do what we can as fast as possible. we only have $110.00 ration left, just 25 years to implement the greatest revolution since the tune of the industrial age. replacing fossil fuels with renewable energy around the world. without exception. is this local energy to

information really possible for forward as well? or is it for our 2 pa document sri the renewables, whether this starts november 25th dw, the is it time for e u. member states to balance the books. that's the question hanging over. let me think of finance ministers in brussels web. big differences remain over the blocks fiscal rules. the rest is placed over $500000000.00 to a new port in for land cab. will it do anything to reduce china's influence in the region? and india is going to catch this. we look at the rise of payment apps and the well, it's nice to populous nation. is the state of a business i'm of what's in front and welcome to the program. still use economic

future is on the table at a meeting of finance ministers in brussels. the major impact of the ball in ukraine is still hanging over the summit with securing energy supplies and timing inflation . still key challenges, but a point of difference between member states is the future. the blocks fiscal rules . they're suspended during the pandemic allowing some of the states to fall deep into debt, germany that was among those calling for strict targets for debt reduction. let's go throughout correspondence at the meeting of the finance ministers in process christine mum, do i? thanks for being with us, christine. so why all these fiscal real experience? are you such a controversial topic? i that well, as you, as you say, rob, they are due to come back into effects off to being suspended due to the current devise pandemic. these rules also come back next year in the time that these rules have been suspended. we have seen, even fiscally conservative countries, like germany go out and take on huge amounts of public debts in order to roll out

these big stimulus packages that we saw. countries roll out during the pandemic to steal their economies through, at that difficult time to, to shield households and businesses. the sense is now that people need to come together to, to get back on track as it pertains to, to budget rules. this, as you governments are also expected, dropped to be financing, protecting climate change, for example, which implies more borrowing. so the understanding is that let's, let's get back on track as it pertains to those fiscal rules, making sure that we, we, we stick to, to the rules as they are, because another crisis could come and we need those buses. indeed. so where exactly do the differences lie between member states on this issue? so rob the titles as, as they are states that budget deficits must not exceed 3 percent of g d p. that shouldn't exceed 60 percent. this is not being put into question. the issue is when countries have to reach these targets. now the commission for its part has said,

we have a lot of have any and this with countries at the moment the commission would be happy if it could see any amount of debt production of a period of 4. yes. but then what countries like germany, we say no, we need benchmarks. we need annual targets that everybody's got to meet. this for example, has put germany at loggerheads with, with friends who takes a different position on this issue. so in broad terms it, it appears that they've come close to in the sense that they agree that okay, that has to be some benchmarks. so to say landings latency will get some e official, say. the issue is what numbers they come down to. and of course, the pushback from certain members states, particularly the highly indebted ones, would be it's sounding like, well, serious it's sounding like that you use going to target certain countries went up to you. but the certainly the member states pushing for, for most strict a benchmarks like germany would be targeting the they have an end date of countries and imposing will spiritual name. of course, you can imagine that that would droll, pushed back from some of the states. this is a debate that was going to come to my so whether there was a war and you cry. no,

no, but there is a war and you training continues to live lodge. i have a, a you economies a say. now what is the finance ministers had to say about what's going on and ukraine and his impact on the block as well. the understanding that we have, and we, this is what e officials are signaling success is that they are not too concerned about the fiscal situation. in ukraine, that is important because the european union has not yet agreed or approved on more funding for, for ukraine going into next. the, the commission has made a proposal to top up the ease budget. it's an invest is included a $50000000000.00 a you're a package for ukraine to fund the country for the next 4 years. that's not yet been signed out on. and until that is agreed upon. and of course, we still have the rest of the, as when you official said to us and a briefing that we set up time until the end of the year. but the sense that, that there isn't to note it and see because ukraine can stay afloat. essentially, i'm going into, into the coming yet, we might see an extraordinary meeting. but the point is,

e u. member states have not yet agreed on that package. and so ukraine's funding is inside of it until that entire package is agreed upon. we don't have new funding for ukraine being announced if we don't expect anything conclusive today, particularly looking forward to 2 other meetings that it's possible that finance ministers could come again for a special meeting. it could be all right, christine mendoza in brussels. thank you very much. i, i was take a look at some of the global business stories that i'm making the news. after months of discussions, the german government has a great on a relief package for the manufacturing sector. moving through is temporarily cutting, cutting cuts on electricity. the relief is project is due amounts to up to 12000000000 yours. next year, learned german companies have been struggling with a search and power prices. image rushes, war, and ukraine. china slipped into deflation in october, highlighting how hard it is but the aging to pump up growth through domestic demand . consumer prices in the world's 2nd largest economy jumped to know point 2 percent

last month. the national bureau of the district's reported list site factors such as a high use unemployment rate as something housing market. and we can see in the confidence hollywood act as of reached a tentative agreement with major studios results. some months long strikes, the 3 year contracts includes increases a minimum salaries, new bonus paid by streaming services protection against an authorized series of images generated like most efficient, intelligent just for longer. now where the us is to invest more than half of $1000000000.00 and a new container terminal. the project is being built by consortium led by india is of dani group. it's right next to a similar chinese run dog in 2017 to blanket was unable to repay a chinese learn and allow paging to take over a port on the 99 year lease. for like a occupies a key position along the busiest shipping route. cleverly connecting the middle

east and east asia. i've been getting more on this from ad daddy correspondent, cherry coffee k. i asked him why the us was so interested in investing in for like with this as boat countering china's growing influence in the asia pacific region. and more specifically, specifically countering time, those one bed one road initiative, in fact, the dsp which is giving this loan. it says was set up about 5 years ago in response to the one bed one road initiative. now boats are a critical infrastructure, a especially in this region, and china already has to be making inroads in this sector. for example, for link that has already leased the c port on itself, the sum goes to china, which india was also they. what about as so it looks like uh, it serves in both us as well as it does interests to count to all of that. and the deepest part is majority owned by the enormous indian multinational donnie group.

other people will have heard about don group over the past year or so not necessarily in the, in the best light allegations of market manipulation against, or know, got some, a donnie will things like that be where they have been a consideration to the americans. well, i mean, it's clear as of now that these allegations against it on you did not matter for the us. a told, in fact, it on the board has already given a statement describing this loan as a ringing endorsement of the identity group. kutner, donnie was at any point, chief executive. he said in a speech, us today in colombo, that the financing is a reaffirmation by the international community of the, at, on a groups vision and capability. so the dining group is definitely very happy with the announcement of this loan even as the investigation into so many allegations against the dining group, those the investigations continue. uh, the authorities in india and also uh the investigating these allegations. but uh,

those allegations are yet to be approved. okay. it's our cost. okay. that be for us . thank you very much. i is just staying in india butterball. payment systems have taken the country by storm. indians can now go about that business with no cash in that pocket safe. in the knowledge that this they'll probably be able to pay for anything that they need. that's something that can't be said for countries like aaron gemini, although not everyone wants that to change. at the grocery store park, getting a snack, but don't have any cash on you pay. did chile, it's no problem in india or the stuff either. yeah. the main advantage of a digital transaction is that we can send money to anyone anywhere quickly on them . secondly, if i don't have money, i can make a payment by borrowing from online credit banking and they're the top dogs in india

pay tm with its headquarters in nevada. and that was over 30000 employees. they're active in india and have already entered into their 1st partnerships in japan, and they're conducting research in canada, paid tm, spread quickly because the app doesn't need to be connected to a bank account was pay team. people can simply load money into their virtual wallet on their cell phone and pay. currently 90 for a 1000000 people in india use the app every month. the india is a very unique story in terms of what adopting does the eco system. india has highest number of payment transactions across the way. so it has to be turned off uh, neighboring countries, whether it is china or some other big countries. and what about germany? it's far behind when it comes to digital payments. at the weekly market in berlin, cast still the number one form of payment travel with my boss,

i only pay cash. so what do others care about my account number. i just use cash flows. that's typical for germans. according to our research institute, 60 percent of customers in germany still always paying cash. so most retailers on the market don't even offer card payments. a joint digital initiative of the european union is an infancy. the digital euro kind of uniform digital payment is to be introduced by 2026 at the earliest. so what can you learn from india in terms of digital payments? in india, it was the government that set up a central infrastructure that all transactions run through. at the time to the displeasure of many indian banks and europe, banks are currently blocking a digital system for remind off the top business story that we're following for you

. this our, the finance ministers in process of discussing the future of the blocks fiscal rules. there was suspended during the pandemic allowing some member states to fall into the debt. amongst heavyweights, france and germany have been at the local heads, prevent house districts most on retainers should be and so for me and the business team here in berlin, from what you can always had, it was a d, w dot com slash business. so you can find more of us to fund the domain, use youtube channel, and we're also on facebook as well. we're on there is data we don't business. so go to them and say hi to us until next time. because the

thing now lives dangerously as a political activist from home come, he's fine for democracy. 4 years ago he fled to london to escape the growth of chinese authorities. even in hong kong, police have often have bounty for his focus on europe. next on d, w, the is most powerful woman, little sister, of the dictates a mysterious strategic who is tim yule, joan, who did say she represents a mixture of expectation and disappointment. it was as though she wanted to remain

mysterious, fearsome, strong, sometimes threatening, sometimes charming. but i couldn't see behind her match to the red prince's thoughts, november 25th on d, w. the hello and welcome to focus on europe. it's wonderful to have you with us. an increasing number of people are risking their lives and making for real is doing even social from new life in europe. according to the united nations, more than a 180000 people, i, as in europe lie of the mediterranean this year alone. others use land rules to reach the borders of the european union. last to bear with me in.