administrators gathered outside prime minister sanchez's office to protest against the planned offer of amnesty. and after the deal was announced, the leaders of right wing parties called for protest to continue you're watching the news coming to live from berlin up. next we've got business for you with rob watts. i'm terry morrison. thanks for watching. the . every jenny is surprises. me is gone all out. to give you some of the right people in your northern most count the police, the free time.

but still very much alive. your guy to especially hot sauce in germany, recognizes where exactly it was fun. i've learned a lot of our culture history. all their travel extremely worth a visit. the visit tyree and member states to balance the books. that's the question hanging over. anything of finance ministers in brussels, where the big differences remain here with the blocks fiscal rules. the rest is placed over $500000000.00 to a new port in shoreline cab. will it do anything to reduce china's influence in the region? and india is going cash list. we look at the rise of payment apps and the well, it's nice to both. let's nation state of

a business i'm of was invalid. 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. but the point of difference between member states is the future. the blocks fiscal rules that were 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 over that? well, as you, as you say, rob, they're due to come back into effects. also being suspended, due to the current devise pandemic. these rules also come back and mixed it 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 technic. 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 a budget deficits must not succeed, 3 percent of g d p debts 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 of this with countries at the moment the commission would be happy if it could see any amount of that production of a period of 4. yes, but then you've got countries like germany who say no, we need benchmarks. we need annual targets that everybody's got to meet this for example, has put germany at loggerheads with withdrawn, so it takes a different position on this issue. so in broad terms, 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 will standards it's sounding like, but use going to target certain countries. why don't you? but they certainly the member states pushing full for most strict benchmarks, like germany would be targeting the they have any and did with countries and imposing will stary to him. of course, you can imagine that that would grow push 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, i don't know, but there is a war and you drain, it continues to live lodge of a, a, you economies a. so now what is the finance ministers had to say about what's going on in ukraine and its impact on the block? us? well, the understanding that we have, and we, this is what e officials are signaling. so us 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 the next to 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 one e officials 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 menda and 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 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 and made 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, jump to note point 2 percent last month. the national bureau of the districts reported unless side factors such as a high use unemployment rate as something housing markets. and we can see of a 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 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 is donny 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. 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 daddy correspondent, cherry coffee k. i asked him why the us was so interested in investing in for like a smooth this has both counting china as a growing influence in diego, pacific region, and more specificity, specifically counting. china is 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 area is 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 it se and goes to china, which india was also they worried about as so it looks like, uh, it serves in both us as well as it goes, interests to counter all of that. and the deepest part is majority and by the

enormous indian multinational a donnie group, other people will have heard about it. don't agree with 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 that on you did not matter for the us at all. in fact, that on the boards has already given a statement describing this loan as a ringing endorsement of the a dining group. cutting or dani was that any votes chief executive, he said in a speech yesterday 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 india and 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 the 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 here in germany. 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 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. i'm secondly, if i don't have money, i can make

a payment by borrowing from online credit banking. and there are the top dogs in india, pgm 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 team 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 a neighboring countries where they're just 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, a tablet, my boss, i only pay cash and the amount. so what do others care about my account number. i just use cash flow is 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, the 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. the 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 about 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 debt amongst heavy weights, france and germany have been at loggerheads, prevent house districts both on retained should be and 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, use youtube channel, and we're also on facebook as well. we're on there as data, we don't business. so go ahead and say hi to us until next time. because the

entered the conflicts own with tim sebastian as the complex and got the intensified public morning from the united states as well needs to do, to protect from city and city. my guess this week for me as well is on the island for my head. the issue that the countries in terms of security service is well in the us more complex the next on d. 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 come to the point in 60 minutes

on d, w. we've got some hot tips for your package. the romantic code is spots affinities. check on some great cultural memorials to boot w travel. we got 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 doing peers. and if you don't, you're going to lose credibility roll eyes like this, this week, for me as well, is on the aisle on format, heads of the should invest for countries in terms of security service with his ro, he'd be us warning. if somebody can advise us know what.