for another 2 days because you're up to date coming off nice of what japanese government is doing to boast at the budgets. chris cable will have an update on that in dw business, often a short break on deck power. thanks so much for joining us. there on the, enjoying the views and kind of take a look at this out to the highlights every week inbox, subscribe. now, imagine that you're eating a hamburger. and as you're biting into this juicy bird or your dining companion says to you, actually that hamburger is not made from cows. it's made from golden retriever's. 2 2 2 should we. 2 2 2 2 2 2 2 2 in meeting cultures around the world,

people learn to classify small handful of animals, edible, and all the rest of the classify as disgusting. w series about our complex relationship with animals. the gratian needs to bait what you know, on youtube dw documentary, the less money, more problems, germany's economy. a new star says, financial support for companies transitioning towards a green economy will be upheld despite the government's budget course. also coming out as the you and the set to play a bigger role in the national tax corporation will hear from an expert why he thinks the global south in particular sense to benefit from them. and will tell you why cyprus is no longer a hotspot. for alienvault,

i impressed cobra walked into the program. germany's economy minister says he wants to continue with the funding of multi 1000000000 euro economic projects. that's despite a recent court ruling, preventing the government from re purposing left over funds raised to find the pandemic. the ruling trigger a crisis over the government's budget for next year, as it cannot raise new debts due to a constitutional so called that break robot. how they accepted the federal government and the states of germany are working together to find a way to keep money flowing to the project, describing them as affecting the economic heart of germany in big fears. on more on what he had to say. do you projected redeem it to the project like within the climate, then transformation fund concerned the heart of germany. it's economy towards loans . the economy data behind this has become common knowledge to come out and it was due to the loss of the 60000000000 euros expected from this fund that we're

expecting a comic growth to drops by at least half a percentage point this year. and this trend will continue in 2025 and 26 if to a lesser degree. at this point, we have to defend the substance of germany's economy. and we have to build trust in our businesses across the country by the indian, with your own, from thrown indian between a hyphen gun that's got the view of carson jessica on this search. he's economist at i n g germany. welcome back to the problem, carson. have a percentage point less of g d p growth affects to the government's budget crisis that's will be economy minister is predicting. is that realistic or do you anticipate a worse impact as a side even worse, chris? um, because yes, uh, 0.5 percent to ship points. impact is realistic. given the size of this 60000000000 euro hole because they 60000000000 is around 1.6 percent of g d p for some kind of

disturbing measures. what for the already know, or if you, the key grows by all points, higher percentage points, but this is not everything. it is also about uncertainty that has gone up through the roof against the uncertainty amongst consumers, uncertainty amongst the corporate. so given this policy answer me right now, there will be even more a holding back investment. there will be even more holding back of consumption slide to the 2024. if we won't find a quick solution for this fiscal issue, 2024 will be worse than 202342023. i think we should already expect a recession by wrong minus oakland, 5 percent of the economy ministers, promising that all financial support promise to companies trying to transition towards a green economy will be upheld despite this very difficult fiscal situation at what cost as well. either at the cost of the

maybe a falling off the government, otherwise at the cost of a higher taxes or expenditure comes elsewhere the where, where's the status for the status quo? oh is that there is not enough money also not in the 2024 budgets to to fund all the plans that the government had announced. so that is a tax either. now, the government can deviate once again from the fiscal desperate, which i think they won't dare to and wish legally, reuben very complicated. otherwise they found a structural solution say, all right, let's go for a complete make over of the day of the dead break. i for this, they need the opposition to shooting you and i think that's also not going to happen. so that's the only thing is if you have to do it with the money that there is in the budget, it means there are more expansion plans that money coming in. so this means other expenditures, like for example, the social care. but also the, the dual guard gale,

which, which is kind of social benefits, they should be cut again, or they would have to start talking about higher texas something the liberals, the ftp will have ruled out so far. causing jessica chief economist at i n g germany carson. as always, thank you for your thoughts. last week, countries at the united nations voted for the organization to take a greater role in international tax matters. the move is perceived as a threats to the ascendancy or the o a cd. the body that has led these discussions for decades. countries that the un adopted a resolution to begin the process of establishing a framework convention on tax and completely change our global tax rules are the side. the resolution was that primarily by african member states and could eventually move decision making on global tax rules from the city club developed countries to the us before the

show, i spoke to alex called them of the tax justice network and asked him why he thinks that developing countries stand to benefit from the you and playing a bigger role in taxing multi nationals and individuals. here's organization says that the tax avoidance costs the world around $480000000000.00 annual. the larger part of that is lost by obesity. members, the rich countries themselves, but as a share of current tax, revenues is much bigger, much more intense, those losses for lower income countries. so the same countries that doesn't have a voice within the c d, which has been assessing the tax rules for about 60 years. of the countries that lose are in the way there's most damaging. and so they lose almost on average, almost 50 percent of the public health budget compared to perhaps 9 or 10 percent in the high income countries. so that's why it's really important that this is

a step on the way to lower income countries having an equal say, in setting the rules. that doesn't mean will get to a perfect solution. but it certainly means there's a lot of space for the countries to, to be much better off. let's, let's take a closer look at this agreement, the to tech deal aims to create a 50 percent global minimum corporate tax rate and calls for a new treaty that would shift some taxing rights on the most profitable multi nationals to countries where the company's clients are located now, how likely is it that these plans will become reality? that's it. so it's not terribly likely, but that's nothing to do with what's happened to the united nations. that's purely because of the obesity. the 2 pillars have really lost so much of their emission. so the pillar one was originally designed to, to really make a profit shifting, almost impossible. in the most ambitious version, it would have required all of the profit, some of the national companies to be declared and taxed in the same places,

but the, carrying out the realistic. i'm gonna get to it too. so that would still be shifting prospects into places like the method in july 11, deluxe and bug. you know, away from the places that the companies are actually making that money. but that's collapse now. so what's left is a bit of a bit of alignment of profit with activity that applies only to a small fraction of the profit of view within one hundreds of the monitors. multinational, as all other profits remain under the old rules and links pricing that we know to work. so that one's going. and on top of that, the united states, a signal that they wouldn't be able to ratify and the rules as, as the way she has written them means that that means nobody else can move ahead with this either. so the one is pretty much data and that's, that's just the way you see doing that pillar to the minimum tax. as you say, in theory, that would apply rate to 15 percent very low, but much better than the kind of 0 or 5 percent. perhaps that the companies often

pay in those you are paying type savings like the math of them, just like look some book. so it feels like a step forward. but actually, when you look at the detail as people now have the way that this is involved in the last couple of years, again, it's lost a great deal of it. it's an impression. so what we see now is the revenue gains are going to be much lower than the of the cd originally projected. and on top of that, most of them will be captured by those corporate tax savings. they've profit shifting jurisdictions. so those are the ones the most, the most excited when bracing this you know, we see switzerland that it's, it's different. can't homes competing with each other to see how they can get the most. i have to this for most other countries. they can continue suffering, profit shifting, just as they have done up to that. and that's why really countries are looking into the united nations to see if we can find a better way a better way forward. instead. alex, call them of the tax just as a network there. and you can watch our entire conversation on the d. w. use youtube

channel. it is to 5 years now, and the country has for years been a hotspot for investment, standing from israel. but that has changed since the october 7 attacks by a moss and israel's counter offensive against the terrace. slippery and real estate companies in particular are seeing major drops in demand. you don't use jack power reports most about shelton is a real estate developer in cyprus. he's building large scale projects like this one in law and using money coming, at least in parts from is right. the investors. he says there's been a 90 percent drop in investments since the terror attack. everything is in in hold . the people that we're aiming to sign contracts said they want to reconsider said they want to postpone the signing and any other marketing campaigns

. the also stops. and the people are just waiting to see what the future will bring when reason these ready currency, the shackle, drops the 10 percent against the euro. in the immediate off them off of the attack developers on big construction projects like days expect to be able to ride eyes and a short time shift in demand. but here in cyprus, that has also been a shift in the real estate market for people to move into properties immediately. and vast. so set cost says he's been selling significant numbers of homes in the, on the cookie young use way, the families for the past decade. i used to see this and also 20 goes to the quite yet he said they from from each right. very stage that they haven't done. he believes it's certainly temporary though. i says that's a very interesting cypress. didn't stop is just a push. cypress is home to ryan 3 times in jewish families already. they say they

feel safe here long the car is popular because it has to be international airport. a 40 minute flights tel aviv make go move to 6 years ago and has been visiting properties like this to advise friends and family back in israel and want to invest in and why the price is uh, i would say half of what is the pricing is uh, around half a price is the lease where the property are relatively high. it's too soon to know how significant the market shifts will be. so the overall cit, prius economy, the business is connected to over lions on these really money, a real bracing themselves. and that wraps up our show for more check out our website at d, w dot com slash business, and the dw use youtube channel. i'm chris kolber on the line from me and the entire team. thanks for watching. have a successful the

is around life off to the terror attacks. nothing is as it was since the mass attacks on october 7th, the country isn't shown. how do people experience this trauma and the daily danger stops next on d w a pulse the beginning of a story that takes us along for the ride. it's about the perspective culture information. this is the, the news w. mine's

shannon with dw 12 or emphasizing the award winning offer is available worldwide. every language level reading jen and has chosen to go the 2 and the flight to go to a message that the terrace in the cables. this is of so i'm not saying the same and the messages i started reading were like they're trying to break into my house. they're in my house. so the, the, the funding, my house, the in the bedroom still 2 weeks ago into terra tech.