is in 45 minutes on the w will then progress pop calls to everyone who wants to know more about this topic. that concerned about this story is beyond the headline world in progress. the w talk cost, 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 volatile times, like these will be looking at gold and events,

double 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, cultural machinery is supporting climate adaptation and recruitment agency goal german trends to asia for trainings to bondage and bellow. welcome to the show. we're going to start with gold, which is older rates 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 surface from out of space. the ancient incas leap. gold was the tears of a son. 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, an asian pro, centuries ago. the metal was exchange for spices in india, silk,

and shiny gold. as the tests 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 is schmidt has been looking into the gold prices are high, but traders and investors are buying it in drugs. 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 payment of some settlement systems is dominated by the u. s. and the bonds us dollar this central banks are in a kind of gold rush. put why? and why is this man happy about it?

decades ago, the world monetary system was based on the us central bank promise to exchange announcing that for $35.00 at any time as i'm as an investment, gold has a very, very long tradition here much longer than most traditional currencies that deal with the evidence suggests the ancient egyptians prospect it for gold 4000 years ago. not quite 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, so toll banks have been scooping up gold at the fastest pace. and over 50 years,

some m central banks concern about their exposure to the us dollar and the ability in the sense of sanctions and or freezing of central look at the share of the dollar within the global trading. i'm central settlement systems. the dollar is 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 the 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 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 i do assume that perhaps in the coming year will set

a new record for the price of gold. and i think the central bank 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 of donald's. in 1940, it opened its 1st restaurant today. it is the world leading fast food chain, like best buy, sells revenue, the turnover of nearly $22000000000.00 euros last year. it's concept as simple. it serves 10 to dice burgers around the world in the us, europe last in america, africa, and asia. the big mac is available on every continents except for one toxic up. and

it is made 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 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 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 that? 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 is because of 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 back in the united states is its reference in the us, a berber costs, the equivalent of 5 years and $0.28 in 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 $26.00 that the euro though is in between of 5

years and $0.51. but this infernal 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 it's so vivid, the big mac index remains popular and the index is 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. 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 finding the basements, the workshops of day, couple sebastien and void, check to the business to bob. the suki published for the 2 badges. they create tons made bags and accessories each with a rainbow flag attached to show the support the opponents 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 in a check. they do not support any of the l. g b p organizations because it brings up to 100 percent efficient. i believe their 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 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 to 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 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 sometimes the entire tires because we have the lots of work and the only uh 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, another business promoting would you be to acceptance imposed in these cubic to based in the west in time of the vote. 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 l g b 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 was never by again where you all flew close and we say, okay, good luck. but much more thing that night turning over 6000000 your race. yeah, i'm starting so i decide of poland is bold as including in germany. these a business is considered part of the pink economy, a term 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 worth 35800000000. yours per yeah, it's the 7th biggest pink economy in the european union and growing. so if you were then in gerry'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're thinking i would suggest both with your high 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 to of 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 above that, it's a, it's something could come on with barbie. what does that mean? it, 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 a pink one. 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 into published society. climate change poses major challenges for the i were 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 droughts. the climate change is also making itself felt in germany on the stones. heavy rain and flooding are increasing. the common ssl soil is being washed away. drought is also a problem. i'll send that fatty 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? 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 bombing will meet that challenge is the length of trust of an 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 i'm. the soil on the surface is doc on the ground or that absorbs more heat from the sun. both ends and loses more meal task through evaporation for doing sort of the new method is cold, no tell foaming by using machinery that minimizes foil disturbance. less force 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 for us that you on the ground which protects the soil of bypassing the moist, but we didn't have a layer of a mountainous lining crop residue. on the top, the sorrel 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. how do you think the mazda ones, our most important employees, and 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 torrents, taking the top soil with it, and a road stretch of land can take decades to regenerate. a german saw 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, 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 more 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 it. but in a minute size, the large farm you have a lot more land to cover the ok. so given the economies of scale i machine will pay for itself relatively quickly to find 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 windows. but i do think that this solution will become increasingly popular for smaller family. fine is the theme, the mix of your flex your home with the know till method and solutions like these kind of gamma is convinced his bomb 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 and the 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. so 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 drums direct. they say exactly what's on their mind. in in costs, isn't it even easier? 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 are feeling fine. it is full of quitting for the 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 yeah, after 6 they're told to learn their training and maybe then help support their families back at home. and either from my in 5 young shop is in charge of vocational training. these are as 1st indonesian trainees in the news or other trainees from indonesia are very grateful, very punctual, and see what they're doing here as an opportunity for phones and obligations. which is the impression you often get from the german training. and i don't know if, if that's a female who's on shenker recruits trainees from southeast asia. he's doing client outreach at an international trade fair for the banking industry. you have talked to retake 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 the other corner of the world,

shanker used to teach german in vietnam, and so how interested his students were in germany. he launched co, german, which is meanwhile placed more than a 1000 trainees. most of them stay on here. the big 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 ago 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. this depots fall and we've already had positive experiences, so we're quite interested in doing more with this side stuff here. speed kind of it indians because now that he is recruiting here, other employers will also start looking for good employees. here to me, definitely, that's a problem. restaurant manager alexandro below is also happy with their innovation training. to at patrick on. the agent issues are prepared right in front of the

customers. the new trainees, violem michelle, and not ton fit right into the team. 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 on a multi to 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 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 house on mountain on it and not on 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 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. good bye. take care. the

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in 15 minutes 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 bonus fair, but also to attitudes in german society. this week onto the points we ask is germany fit for come back to the point in 90 minutes on d w, the little guy. this is the 77 percent. the platform for african issues and share id the, you know, or the senate will be a not

a great to catch and then you get to talk to applicants. population is really fast . and young people clearly have the solution. the future is 77 percent. every weekend on dw, imagine that you're eating a hamburger and as you're biting into this juicy burner, your dining companion says to you. actually that hamburger is not made from cows. it's made from golden retrievers. 2 2 should. 2 2 2 2 2 2 2 in meeting cultures around the world, people learn to classify small handful of animals with edible and all the rest of the classify as disgusting. w series about our complex relationship with animals.

the great debate. what's, you know on youtube? dw documentary, the business dw news live from berlin. israel agrees to a daily full of minutes, the pause in northern gaza. but says this is no c spy, and that there wouldn't be one until a mass release is the people. it's taken hostage also coming up. as a level of schultz promises to protect germany's dues from anti semitism as a nation remembers the 19 paul drums of november 1938.