tell us more is our reporter chelsea delaney. just explain just what this will actually mean for businesses. well, the goal of this is to stop the situation that we've seen over the past the past decades, where companies something able to say, you know, that's not our problem. we don't know what's going on in the supply chains and the suppliers really far away. what this would basically require these companies to do is look at their supply change, which can really stretch the entire world and figure out who their suppliers are. and whether they're abiding by environmental rules by human rights rules, whether they're using child labor, whether they're paying workers fairly as or for a lot of companies, this will require really drastic changes. they'll have to put up and perform these new systems where they are checking the compliance with all of these new with all of these new procedures. other companies, especially the big multinational like time lar, adida, is sort of already have started to build up departments like this, fight

his tell us more is reporter chelsea delaney. just explain just what this will actually mean for businesses. well, the goal of this is to stop the situation that we've seen over the past the past decades, where companies something able to say, you know, that's not our problem. we don't know what's going on and the supply chains and the suppliers really far away. what this would basically require these companies to do is look at their supply change, which can really stretch the entire world and figure out who their suppliers are. and whether they're abiding by environmental rules by human rights rules. whether you're using child labor, whether they're paying workers fairly as or for a lot of companies, this will require really drastic changes. they'll have to put up and perform these new systems where they are checking the compliance with all of these new off with all of these new procedures. other companies, especially the big multinational like dime. laura deaton sort of already have started to build up departments like this, fi

well let's check in with chelsea delaney al franco correspondent josie what do you reckon who has the better argument epic or apple. well we're just on the 2nd day of the case so it's going to take a while before we really see the full range of arguments and even after the case is decided we're likely to see years of appeals from both sides no matter which way it goes but in any any way this this this case is decided it's going to really break new ground in terms of antitrust law really the question that's at stake is what is a monopoly in the digital age this is a question that we haven't really seen decided by by court so far so apple is saying that it's not a monopoly because you know you could also get a fortnight from that big games on a playstation on an x.-box epic says that that's really not the case because apple has complete control over their own devices and what can be downloaded on there this is a bit of a technical argument but it's going to have really big implications for for smartphone makers and for really the entire digital ecosystem chelsea delaney praying for than

had something to chat about with chelsea delaney in frankfurt chelsea how damaging is bitcoin mining really for the environment. this is a very hotly debated issue right now what's clear is that bitcoin does use a lot of energy to the mind it requires a vast network of computers and those use a lot of energy it's estimated that that it takes up about $148.00 terawatts of energy every year that's the same amount as a country like sweden or malaysia so it is a lot the question is where is this energy coming from proponents of bitcoin say that actually a majority is coming from and renew a bull sources but others say that actually most of this is being of mind and china and coal intensive areas so there definitely is a concern that this is being fueled by buy on environmentally friendly energy and of course all of this is turning a trend around could must commines this would be the beginning of an empty krypto trend short on supplies. i think musk is really the trend setter for for the cryptocurrency market so if he's being hit with these concerns over sustainability if he's having to c

for more on that i'm joined by chelsea delaney in frankfurt chelsea 1st colonial pipeline toshiba what's going on. well there's still a lot we don't know about the attack this was reported this morning and it was it came ahead of earnings results from to did release those results of they seem to have access to their systems still it seems that the attack was targeted at their european business which is headquartered here in germany whether they paid ransoms to get access to their systems all of this is still very unclear but in the light of the cloning pipeline talk as well it's certainly something that's more and more concerning for businesses you say i mean cyber attacks becoming more common nowadays is this the cost of doing business. yeah it's really a booming business cyber hacking we've seen over the past several years more and more cyber attacks like these but really this changed a lot last year during the pandemic we saw global ransomware attacks rise by about 485 percent according to one cyber security firm and part of that was because we saw this sudden shift to remote working

is ramping up production and the markets seem to like that for more let's cross over to chelsea delaney in frankfurt chelsea at least about an hour ago i sold that share as searched investors seem to be pleased to take expansion plans. well indeed that differing for it with the chairs of biotech are up about 10 percent today of the nasdaq shares in the us are also higher i think it's for the big question for biotech has been will depend to make boost for this company last say they really were put on the map by that pandemic and they're they're vaccine they went from this relatively unknown money losing start up to a global you recognise name but investors want to know if this is something they can count on for the long term and now we're really seeing by an attack put forward plans for the future to build these facilities and in other countries they really expect the demand for code vaccines to last for years but they also and today's announcement said that they're going to plan on producing some other of their treatments as while they've been developing a lot of cancer treatments they

well let's check in with chelsea delaney our frankfurt correspondent chelsea what do you reckon who has the better argument epic or apple. well we're just on the 2nd day of the case so it's going to take a while before we really see the full range of arguments and even after the case is decided we're likely to see years of appeals from both sides no matter which way it goes but in any any way this this this case is decided it's going to really break new ground in terms of antitrust law really the question that's at stake is what is a monopoly in the digital age this is a question that we haven't really seen decided by by court so far so apple is saying that it's not a monopoly because you know you could also get a fortnight from that big games on a playstation on an x.-box epic says that that's really not the case because apple has complete control over their own devices and what can be downloaded on there so this is a bit of a technical argument but it's going to have really big implications for for smartphone makers and for really the entire digital ecosystem what would it going to be

chelsea delaney in frankfurt for more chelsea good morning we're accustomed to seeing chinese numbers improving as they get to control the pandemic this was still surprising wasn't. well the figures were generally better than most economists had been expecting chinese export and import data has been really crucial this year because china has really been the engine of economic growth for the world because their economy is growing so much faster than many other developed economies that it doesn't seem to be abating their trade it really it was quite strong with that with many of their partners including the e.u. and the u.s. but i say what was possibly the most surprising to economists is that imports chinese imports are starting to really pick up and this is been a concern throughout the pandemic that china's economy was too dependent on export growth that wasn't really benefiting from chinese consumer spending it does seem that we're starting to see that change and economists think that could really set the stage for a more sustainable economic recovery in china right now the china re

in arms as it wouldn't address distribution or the limited availability of raw materials right chelsea delaney with more from frankfurt good morning chelsea what would this decision mean should it go for what would it mean to vaccine makers like pfizer. well obviously vaccine makers like pfizer are very unhappy with this proposal and particularly for the smaller biotech companies like. biotech here and in germany and they've spent really years developing the technology that is underlying some of these are in a vaccines and they really don't want to give it away for free so they're obviously very good that's for hearing several different arguments from the pharmaceutical industry one is that this sets a precedent that will really hamper innovation and the future if companies think that their patents can be invalidated they won't want to spend time and money developing new technology another argument we're hearing which you mentioned earlier is that this would really allow some of the u.s. and europe competitors like china and russia to take this technology and make it their own and the other bi

let's find out what the mood is like here in europe chelsea delaney is standing by for us at the frankfurt's stock exchange good morning chelsea european markets obviously opening soon will the downturn continue. well european markets are also likely to open your and their futures for the doc's index or pointing down about 0.5 per cent the euro stocks the broader european benchmark is likely to fall even further about one per cent we had already seen some of this tech selling happening here in europe yesterday one of the docks is only tech companies delivery hero was down about 6 percent we also saw some of the semiconductor makers here in europe getting hit really hard yesterday and really what investors think is happening is that some of these really high flying tech stocks that have really seen a lot of interest that surged over the past year they're starting to face a lot of different difficulties in the years ahead not just not just the fact that they are so highly valued but also the fact that you know they could face more regulation and they could face higher taxes especially in the u

starting from 2023 of his tell us more is our water chelsea delaney just explain just what this will actually mean for businesses or the goal of this is to stop the situation that we've seen over the past the past decades where companies something able to say, you know, that's not our problem, we don't know what's going on in these supply chains. and these suppliers really far away. what this would basically require these companies to do is look at their supply change, which can really stretch the entire world and figure out who their suppliers are. and whether they're abiding by environmental rules by human rights rules. whether you're using child labor, whether they're paying workers fairly as or for a lot of companies, this will require really drastic changes. they'll have to put up and perform these new systems where they are checking the compliance with all of these new with all of these new procedures. other companies, especially the big multinational like time lar, adidas, sort of already have started to build up departments like this. fighting environmental ha and pieces of w

to a hedge fund or exchange traded fund i reporter the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. list stretches of cream. the frozen tundra of the art tech. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzy's started investing last year through a trading app mostly buying popular tech stocks but she also cares about the environment and she wants her investments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has also found its way into financial markets many no longer just want investments to make money they also want them to make the world a better place. in the past 3 years investments into sustainable assets have searched by almost 400 percent here in europe. but what does it really mean to enjoy a screen and is this promise that you can make money while also saving the planet too good to be true. to answer that question i'm

our financial correspondent chelsea delaney is following this for us and sent us this assessment this series of cyber attacks we've seen in recent weeks has shone a light on how vulnerable our digital systems really are cyber attacks have been on the rise for years they've been getting more and more sophisticated more and more aggressive but this really exploded during the pandemic as more people were working remotely companies and institutions had to build out all of these new systems that left a lot of vulnerabilities that criminal groups like darkseid have been able to exploit one cyber security firm estimates that the number of ransomware attacks the ones like we've seen on cornell pipeline or a toshiba rose by about 485 percent last year one way that companies are dealing with this it is by taking out somewhere i'm sure and so their insurance company will pay the price of that ransom but there's also more and more pressure on a political level for countries like russia and china and north korea that have. better thought to harbor some of these groups to crack down. as countries a

chelsea delaney there now let's take a look at some other business stories making headlines. the e.u. has sharply revised its growth forecast for this year and next around vaccination drive and the blocks a landmark recovery plan will lift europe out of recession the commission said growth would hit 4.3 percent this year. a handful of u.s. states are ending extra unemployment benefits for which they blame for creating a shortage of workers u.s. job openings have breached a record high as hiring slows and there is a rise in the number of jobs and warehouses factories and restaurants. now the u.s. has posted its largest jump in prices in 12 years jumping 4.2 percent in april compared to the same time last year was that luis de haro joins us now from new york a set investors have been worried about an inflation spike for a while now now the data's out the what's been the reaction well it seems that another big selloff in the making for sure on wall street general inflation numbers are now the usual suspects and we charge technology stocks so here we're talking about big names li

you leave it up to a hedge fund or exchange traded fund reporter the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. list stretches of cream. and tundra of the art tech. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzy's started investing last year through a trading app mostly buying popular tech stocks but she also cares about the environment and she wants her investments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has.

chelsea delaney there now let's take a look at some other business stories making headlines. the e.u. has sharply revised its growth forecast for this year and next around vaccination drive and the blocks a landmark recovery plan will lift europe out of recession the commission said growth would hit 4.3 percent this year. a handful of u.s. states are ending extra unemployment benefits for which they blame for creating a shortage of workers u.s. job openings have breached a record high as hiring slows and there is that rise in the number of jobs in warehouses factories and restaurants. now the u.s. has posted its largest jump in prices in 12 years jumping 4.2 percent in april compared to the same time last year was that luis de haro joins us now from new york a set investors have been worried about an inflation spike for a while now now the data's out the what's been the reaction well it seems that another big selloff in the making for sure on wall street you know inflation numbers are heating the usual suspects and we charge technology stocks so here we're talking about big n

starting from 2023 of his tell us more is that report to chelsea delaney just explain to us what this will actually mean for businesses? well, the goal of this is to stop the situation that we've seen over the past the past decades, where companies something able to say, you know, that's not our problem. we don't know what's going on in the supply chains and the suppliers really far away. what this would basically require these companies to do is look at their supply change, which can really stretch the entire world and figure out who their suppliers are. and whether they're abiding by environmental rules by human rights rules. whether you're using child labor, whether they're paying workers fairly as or for a lot of companies, this will require really drastic changes. they'll have to put up and reform these new systems where they are checking the compliance with all of these new with all of these new procedures. other companies, especially the big multinational like time lar, adida, is sort of already have started to build up departments like this, fighting environmental and abusive

for more on the story i'm joined now by financial market correspondent chelsea delaney end frankfurt chelsea this is getting scary 1st colonial pipeline now we hear about to shiva and even the health service operator in ireland how big a damage are we talking about with the cyber attacks. well for the full obviously enormous the one of the major gas pipelines shut down for days in the u.s. . it doesn't seem that this will have as much of a real world consequence the company says that this only hit their french subsidiary it at the amount of data that was targeted was not very much but actually dark side is telling a bit of a different story on their website they say they have about 740 gigabytes of data including information about executives about new business plans personal information and passport numbers for some employees i think for the irish health system this will also be a much bigger problem they say that this impacts both their national and local health services now just can't go on like this or can it's i mean what consequences can we expect companies to take. well it is be

on lots of that was driven by inflation fears let's find out more about that chelsea delaney standing by for us in frankfurt chelsea why is the idea of inflation so scary for markets. well the idea of a longer period of high inflation would be really a huge psychological shift for markets inflation the has not been a threat to markets for over a decade now and this is been very confusing for a lot of economists as a clue as economies recovered inflation has remained really stubbornly low and economists were worried that maybe there was something wrong with the economy that they weren't being able to see but now we do seem to be shifting to a period where prices are going to be higher in part because of pandemic affects economies reopening all of this demand for things like oil corn soy beans really a broad range of commodities are coming under pressure right now there's also been things like supply chain issues that have driven prices so the problem for investors now is that we might see central banks start to pare back their stimulus efforts and this has been what's really been under

out something to chat about with chelsea delaney in front which is see how damaging is bitcoin mining really for the environment. is a very hotly debated issue right now what's clear is that bitcoin does use a lot of energy to be mined to require a vast network of computers and those used a lot of energy it's estimated that that it takes up about $148.00 terawatts of energy every year that's the same amount as a country like sweden or malaysia so it is a lot the question is where is this energy coming from so proponents of big point say that actually a majority is coming from where a new a bull sources but others say that actually most of this is being mind and china and coal intensive areas so there definitely is concern that this is being fueled by buy on environmentally friendly energy and of course all of this is turning a trend around could must. be the beginning open to trend short on supply. i think musk is really the trend setter for for the cryptocurrency market so if he's being hit with these concerns over sustainability if he's having to change his business model i think it

back here in europe there's some big news on which is why we go straight to our correspondent chelsea delaney in front of the jail so you've got the latest i do so just about an hour ago the news broke that amazon has actually won its appeal against an e.u. back taxes case they were essentially being told to pay about 250000000 euros to the e.u. in this was money that they the e.u. says they were owed because because amazon had been avoiding taxes in luxembourg where they set up their european headquarters. amazon had appealed this case and today the general court the 2nd highest court and the e.u. says that they agree with amazon and that they that amazon doesn't have to pay this 250000000 euros amazon who has of course emerged as really the poster child of. clever tax arrangements to avoid taxation and last year here in europe amazon earned a record amount of money and paid no corporate taxes big internationals not paying taxes in europe of course has been an issue for quite some time so what implications are there for other big national international companies and their obligations to the

leave it up to a hedge fund or exchange traded fund a reporter of the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. and list stretches of cream. the frozen tundra of the arctic. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzie started investing last year through a trading at mostly buying popular tech stocks but she also cares about the environment and she once turned vestments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has also found its way into financial markets many no longer just want investments to make money they also want them to make the world a better place. in the past 3 years investments into sustainable assets have searched by almost 400 percent here in europe. but what does it really mean to you and your screen and is this promise that you can make money while also saving the planet too good to be true. to answer that qu

leave it up to a hedge fund or exchange traded fund a reporter at the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. list stretches of cream. the frozen tundra of the our tech. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzy's started investing last year through trading out mostly buying popular tech stocks but she also cares about the environment and she once turned vestments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has also found its way into financial markets many no longer just want investments to make money they also want them to make the world a better place. in the past 3 years investments into sustainable assets have searched by almost 400 percent here in europe. but what does it really mean to enjoy a screen and is this promise that you can make money while also saving the planet too good to be true. to answer that question

you leave it up to a hedge fund or exchange traded fund reporter the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. list stretches of cream. and tundra of our tech. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzy's started investing last year through trading out mostly buying popular tech stocks but she also cares about the environment and she wants turned vestments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has also found its way into financial markets many no longer just want investments to make money they also want them to make the world a better place. in the past 3 years investments into sustainable assets have searched by almost 400 percent here in europe. but what does it really mean to enjoy a scream and is face promised that you can make money while also saving the planet too good to be true. to answer that question i'm on my

targets then it handles the ransom negotiation and the date to release our financial correspondent chelsea delaney is following this for us and sent us this assess that. this series of cyber attacks we've seen in recent weeks has shown a light on how vulnerable our digital systems really are cyber attacks have been on the rise for years they've been getting more and more sophisticated more and more aggressive but this really exploded during the pandemic as more people were working remotely companies and institutions had to build out all of these new systems that left a lot of vulnerabilities that criminal groups like darkseid have been able to exploit one cyber security firm estimates that the number of ransomware attacks the ones like we've seen on clinical pipeline or to rose by about 485 percent last year one way that companies are dealing with this it is by taking out somewhere and sure and so their insurance company will pay the price of that ransom but there's also more and more pressure on a political level for countries like russia and china and north korea that have. better thought to har

the production of these facts because so many different angles to this story chelsea delaney giving us a view on what the business world is saying thank you so much. here's some other developments in the pandemics. indonesia is banning travel during the popular homecoming period to celebrate. $1000.00 cases there have been falling but the government wants to prevent a repeat of last year's mortality rate rise after the holiday the world health organization is planning to set up a global pandemic in the german capital berlin to gather and to analyze data on emerging pandemic threats and canada has authorized the use of the biotech pfizer vaccine on children as young as 12 it is the 1st country in the world to approve a vaccine for children. on thursday india reported over 412000 new cases of coal that 19 and almost 4000 deaths setting records for both a burden on the country's health care system is becoming increasingly unsustainable as patients over one hospitals and crucial supplies run short it is all hands on deck with even medical students being called upon to help out in patient c

measures for now that seems to be continuing all right if you are looking for signs of recovery chelsea delaney in frankfurt thank you. we often talk about recovery in terms of economic output but g.d.p. doesn't track jobs many of which in europe in the u.s. or in service sectors that may not contribute much to economic output in crisis times like these it's the outside edges of the labor force that often suffer the most such as older workers and in the case of this next piece those who are just starting to work. when it comes to business they've cracked it because it is a dora took over this not store from his parents modernizing it to cater to a growing demand for healthier snacks. become us with us to. study something unrelated and to be honest the crisis helped our decision to run the shop and so pistachios. nikos is interested in nutrition and disco friend is a dora gave up her job as a physical therapist to work in the business in ne then a lot of people like us can't be satisfied with the jobs on offer and what they pay that's why i think it's the right time to take advantage of the chan

you leave it up to a hedge fund or exchange traded fund a reporter the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. list stretches of cream. the frozen tundra of the our tech. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzy's started investing last year through a trading at mostly buying popular tech stocks but she also cares about the environment and she wants her investments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has also found its way into financial markets many no longer just want investments to make money they also want them to make the world a better place. in the past 3 years investments into sustainable assets have searched by almost 400 percent here in europe. but what does it really mean to an ice cream and is this promise that you can make money while also saving the planet too good to be true. to answer that question i

leave it up to a hedge fund or exchange traded fund reporter at the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. list stretches of cream. the frozen tundra of the arctic. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzie started investing last year through a trading at mostly buying popular tech stocks but she also cares about the environment and she wants turned vestments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has also found its way into financial markets many no longer just want investments to make money they also want them to make the world a better place. in the past 3 years investments into sustainable assets have searched by almost 400 percent here in europe. but what does it really mean to enjoy a screen and is this promise that you can make money while also saving the planet too good to be true. to answer that question i

leave it up to a hedge fund or exchange traded fund reporter at the frankfurt stock exchange chelsea delaney took a look at how easy or hard it is being green. and list stretches of green. the frozen tundra of the our tech. lush south american jungles this is what climate activists want to say from destruction but can fighting against climate change also make you rich. my friend lizzy's started investing last year through a trading at mostly buying popular tech stocks but she also cares about the environment and she once turned vestments to reflect that. and it's not just her. millions of people have taken to the streets in recent years to protest climate change and that movement has also found its way into financial markets many no longer just want investments to.

for more let's bring in our financial market correspondent chelsea delaney who is standing by for us in frankfurt chelsea by on take later today will present its 1st quarter results what can we expect i think we can expect really a blowout quarter for a buy on tech this is really when we in the 1st 3 months of this year is when we really started to see biotech and its partner pfizer really ramp up their distribution their production of their coronavirus vaccine but even in the 4th quarter of the last 3 months of last year we've seen their results really turn a corner biotech has for most of its history posted the losses really struggle to to make money in the last quarter their revenue was up more than 10 fold so i would assume we're going to see something quite similar for this 1st quarter i think a key question for investors is going to be what is their outlook for the coming years we already see them really laying plans to build more manufacturing capacity not just here in germany about throughout the world so i think investors are going to want to know exactly how much money they

our financial correspondent chelsea delaney is following this for us and sent us this assessment the series of cyber attacks we've seen in recent weeks has shown a light on how vulnerable our digital systems really are cyber attacks have been on the rise for here as they've been getting more and more sophisticated more and more aggressive but this really exploded during the penn demick as more people were working remotely companies and institutions had to build out all of these new systems that left a lot of vulnerabilities that criminal groups like dark side have been able to exploit one cyber security firm estimates that the number of ransomware attacks the ones like we've seen on cloning a pipeline or a toshiba by about 485 percent last year. one way that companies are dealing with this is by taking out somewhere i'm sure and so their insurance company will pay the price of that ransom but there's also more and more pressure on a political level for countries like russia and china and north korea that have. better thought to harbor some of these groups to crack down. as countries