rises ended, the striking november and september the due all strikes by rights as an active result in one of the longest naval crises in hollywood history, costing the state of california and estimated $6000000000.00. that's it for me business. i'm next with the rubber ones. remember, there's more, a dw comp, totally illogical. explain the company, the actually we don't have a choice. so we have little time list to save the product. so we have to do whatever we can as fast as possible. we only have one generation left just 25 years to implement the greatest revolution since the doing of the industrial age. replacing fossil fuels with renewable energy around the world without exception is

a global energy towards formation, really cost of the forward as well. or is it for our to pa documents, free renewables, revenue jobs, november 25th dw, the visit time. remember 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 straight line 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 on the box in the welcome to the program. the use economic future is on

the table at a meeting of finance ministers in brussels. the major impact of the boy in ukraine is still hanging over the summit with securing energy supplies and timing inflation . still key challenges. the 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 brussels, christine mum do. i thanks for being with us, christine. so why all these fiscal real experience? are you such a controversial topic? i've it as well as you, as you say, rob, they're 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 the 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, lindsey will hear some e officials 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, seriously, it's sounding like that you use going to target certain countries one up to you. but the, certainly the member states pushing for, for most strict to benchmarks like germany would be targeting the they have an end date of countries and imposing will, stary told him. 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. us? 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 east 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 e official said to us in a briefing that we still have time until the end of the year. but the sense that that there isn't a new agency 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. if 30. all right, christine mendoza and brussels. thank you very much. i that 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 temporarily cutting, cutting cuts on electricity. the relief is project is due amounts to up to 12000000000. yours is next year, learned german companies have been struggling with a search and power prices and made rushes war and ukraine. china slipped into deflation in of to tell you about highlighting how hard it is, but badging to pump up growth through domestic demand. consumer prices in the

world's 2nd largest economy, jump to note point 2 percent last month. the national bureau of the district's reported list site factors such as a high use unemployment rate, a slumping housing market. and we can see of a confidence hollywood act as of reached a tentative agreement with major studios results. 10 months long strikes, the 3 year contracts include increases a minimum salaries, new bonus paid by streaming services protection against an authorized series of images generated by artificial intelligence just for longer. now where the us is to invest more than half a $1000000000.00 and a new container terminal, the project is being built by consortium led by india, a donnie group. it's right next to a similar chinese run dog in 2017. so like it was unable to repay a chinese learn and allow paging to take over a port on the $99.00. your 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 uh, delhi correspondent, cherry coffee k. i asked him why the us was so interested in investing in for like with this has both counting china's growing influence in the asia pacific region and more specifically, specifically countering china as 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 in roads in this sector. for example, for link i has already leased the c port on it se and goes to china, which india was also they. what about uh, so it looks like, uh, it serves in both us as well as it does interests to come to, uh, all of that. and the deepest part is majority. and by the enormous indian

multinational donnie group, other people will have heard about don, agree with over the past year or so. not necessarily in the, in the best light allegations of market manipulation against or no go some, a donnie will things like that be where they have been a consideration to the americans. well, i mean, it's good. yeah. as of now that these allegations against it on you did not matter for the us at all. in fact, that on the board has already given a statement describing this loan as a ringing endorsement of the a dining group. cut on our donnie was at any point, chief executive. he said in a speech, us today in colombo, the financing is a reaffirmation by the international community of the, at, on a groups vision and capability. so the a 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 and they are also, uh,

the investigating these allegations. but uh, those allegations are yet to be approved. what kind of our cost? okay. that be for us. thank you very much. i. it's just staying in india motor ball 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 be said for countries like air in germany, other, but everyone wants that to change at the grocery store park, getting a snack, but don't have any cash on you. pay did silly. 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 up. secondly, if i don't have money, i can make a payment by borrowing from online credit banking. if you have an account there,

the top dogs in india pay t m with its headquarters, annoyed on now is over $30000.00 employees. they're active in india and have already entered into their 1st partnerships in japan, and they're conducting research in canada. pay tm spread quickly because the app doesn't need to be connected to a bank account with 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 where the, adopting just an ecosystem. india has highest number of payment transactions across the wire, so it has beaten off the 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, cash still the number one form of payment. i travel with my boss,

i only pay cash and them. so what do others care about my account number? i just use cash flow is that 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 isn't as infancy. the digital, the euro kind of uniform digital payment is to be introduced by 2026 at the earliest. so what kind of europe 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. they were suspended during the pandemic allowing some member states to fall into the debt. amongst heavyweights, france and germany have been at loggerheads, prevent house districts most on re payments should be so for me and the business team here in berlin, from what you can always have it with the data we dot com slash business. so you can find more of us to fund the domain is youtube channel, and we're also on facebook as well. we're on there is database, don't business. so go to them and say hi to us until next time. because the

entered the conflict zone with tim sebastian as the complex and got the intensity buys a public morning from the united states as well, needs to do, to protect from city and something 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 that the us more complex next on the w to the point, strong opinions, clear position, international perspective. germany's defense minister has warrant, it's military must become combat ready and fast and that will require a major overhauls not only to the buddhist fair, but also to attitudes in german society. this week on to the point we ask is germany fit for combat? to the point? in 60 minutes on d w, the

words people have to say that's why we listen to every weekend on d w. the. as the conflict and gaza intensifies a public warning from the united states as well, needs to do more to protect the palestinian civilians. if you have an opportunity to alleviate this, hey, you should do it, period. and if you don't, you're going to lose credibility roll eyes like this this week for me as well is i'm a i alon for my head, the should invest for countries in terms of security service, with his ro, he'd be us warning it. so.