zurich is the secret world of the super rich you must not go into sets and most people underestimate the extent to which wealth is concentrated for example in germany today the richest 45 families control about as much capital as the poorest half of the population that's quite similar in the rest of the world and i don't think that's it does indeed there are some 32000000 millionaires in the world and about 2000 billionaire families many ideas from you and of course these billionaire families are preside over an immense amount of power through their companies and capital a lot. your computer or not referring to billions but trillions worth of assets and that's where we come in on dozens of some good on. those that go at the university of zurich fike or pets or to studying the impact money has on climate change. that ok as a former investment banker he has access to the financial elite. this is no ordinary workshop the wealth seated at this table is a meant. for the participants are young prefer casual wear and want to change the world. but. what is the goals that you do the industry

pet so it has brought them together for an evening event in zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really thought through this this is. because i don't suppose that there needs to create a community where we can convert periods of change and also education on how we can maximize our impact throughout the world all over our portfolio. not only our wealthy individuals going green they are creating networks from families. from scientists to wealthy millennialists to the international climate strike movement. the younger generation is determined to promote change. my main moderation is because i won't create the world where we all can be thriving happy people. and that's what i believe as a tech. we stand in front of a crawl stroll our that is going to hell is going to g.o.p. give a talk there and we can influence that. choice and i want to go towards the positive is that a legacy of. the green investment revolution has started and some investors have made climate protecti

soit has brought them together for an evening event in zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really south to this. because i insulted him to create a community where we can't have it here it's change and also education and how we can maximize our impact through all the world all of our portfolio. not only are wealthy individuals going green they are creating networks from families. from scientists to wealth into learning also to the international climate strike movement. the younger generation is determined to promote change. my main motivation is because i want to create the word where we all can be thriving happy people. and that's what i believe as a tech nerd we stand in front of a cross all our there is going to hell is going to g.o.p. . and we can influence that. troy's and i want to go towards the pulse there is that i'm late to. the green investment revolution has started and some investors have made climate protection their goal. but it's only a big. way

in zÜrich on eastern european studies.s will target some of the most profitable sectors of the belarusian economy. how much damage will this do? >> with hijacking and kidnapping, lukas definitely shot himself in the foot. the sanctions were on the list prior to the incident, but there was a reluctance from the eu to cross that line and target the lucrative sectors. now the calculus has changed, and it will target the key sectors of the belarusian economy. oil, petrochemicals, fertilizers, and it is important to remember last year, the export of petrochemicals to the eu from belarus was more than $1 billion. this will add to the cost. specific sanctions will be put in place, but the eu has to agree on the cost of the sanction, something that should not be taken at face value, but these sanctions will definitely target t companies that support and finance the regime, the lukashenko regime, and will cut access to much hard currency. >> what are the chances that the sanctions will achieve the release of political prisoners, as

soit has brought them together for an evening event in zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really south to this. the guardians of the ends to create a community where we can have the periods change and also education and how we can maximize our impact to all the world all of our portfolio. not only are wealthy individuals going green they are creating networks from families to loans from scientists to wealthy millennium goals to the international climate strike movement . the younger generation is determined to promote change. my main moderation is because i won't create the world where we all can be thriving happy people. and that's what i believe as a tech. we stand in front of a trial stroll out there it's going to hell is going to g.o.p. about oprah and we can influence that. choice and i want to go towards the positive is that i'm native. to the green investment revolution has started and some investors have made climate protection their goal. but it's onl

pets or it has brought them together for an evening event in zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really start to this this is. big guy inside of that there needs to create a community where we can convert periods to change and also education and how we can maximize our impact through all the world's hello barbara folder. not only are wealthy individuals going green they are creating networks from families. from scientists to wealthy millennialists to the international climate strike movement. the younger generation is determined to promote change. my main moderation is because i won't create the world where we all can be thriving happy people. and that's what i believe as a text. we stand in front of across all our there is going to hell is going to g.o.p. votes up there and we can influence that. choice and i want to go towards the positive is that i'm late to. the green investment revolution has started and some investors have made climate protection their goal. bu

so it has brought them together for an evening event in zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really thought through this is the. because i insulted it was to create a community where we can have it here it's change and also education and how we can maximize our impact through all throughout all of our portfolio. not only our wealthy individuals going green they're creating networks from families to loans from scientists to wealthy millennium goals to the international climate strike movement. the younger generation is determined to promote change. my main motivation is because i want to create a world where we all can be thriving happy people. and that's what i believe as a tech nerd we stand in front of a trial stroll out there it's going to hell is going to g.o.p. votes up there and we can influence that. choice and i want to go towards the positive is that all negative. the green investment revolution has started and some investors have made climate protection

soit has brought them together for an evening event in zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really thought through this this is. the guy in there needs to create a community where we can have it here it's change and also education and how we can maximize our impact through all throughout all of our portfolio. not only are wealthy individuals going green they are creating networks from families. from scientists to welcome to larry halls to the international climate strike movement. the younger generation is determined to promote change. my main migration is because i want to create the world where we all can be thriving happy people. and that's what i believe as a tech nerd we stand in front of across all our that is going to hell is going to job. and we can influence that. choice and i want to go towards the path of is that a leg of. the green investment revolution has started and some investors have made climate protection their goal. but it's only a beginning.

is healthy on that, because on this implicit on the field study was dreamt up by researches from zurich university and the swiss institute for sustainability sciences. they want to find out how healthy swift soil is and how many micro organisms inhabited micro organisms and fun guy have an appetite for cotton. so burying cotton underpants and later checking their state of decomposition should be an indicator of soil quality . the more holes, the better who does this here is a great example. his cotton has been broken down almost entirely. the only bits left are made from synthetic materials. just means the soil is very healthy. good aboard, this pair of underpants and contrast to much more cut and remainder from almost off . so the sun was not of such good quality and you would have gotten each and every pair of decomposed underpants offers researchers valuable insights into the quality of the soil. this master data, we want to find out where the soil, se, why this is the case and what we can do to protect it in the future. and even so, if it's the researchers send all participants iden

zurich is the secret world of the super rich you must know that and are such that most people underestimate the extent to which wealth is concentrated for example in germany today the richest 45 families control about as much capital as the poorest half of the population that's quite similar in the rest of the world and i don't see that it does indeed there are some 32000000 millionaires in the world and about 2000 billionaire families deaths from you know and of course these billionaire families are presided over an immense amount of power through their companies and capital of all to see a copy torn not referring to billions but trillions worth of assets and that's where we come in. doesn't that sound good on. earth that you know at the university of 05 pets ought to studying the impact money has on climate change. that if there is a former investment banker he has access to the financial elite. this is no ordinary workshop the wealth seated at this table is a myth it's. the participants are young for casual wear and want to change the world. the football the. walk is the bowls that you d

we have a huge team working on this, with research in zurich, palo alto, tokyo and remote teams.is a really big effort and it has taken years to get here. we have reached this important step, which is, placing governance of a network into the public. caroline: for layperson, anyone just grasping what blockchain means, trying to understand what your internet computer means, tell us how it might change the way in which we use the internet , use social media, use certain apps? >> well, blockchain enables you to build things using something called stock contracts. contracts are a new and profoundly different and arguably superior form of software. of course the whole world runs on software so if you crate any form of software it can be very disruptive. these contracts enable you to reimagine how you build. . systems and services romaine: i am one of the simple people here, probably, i'm curious about the intent? when you think about the original internet, the intentions were pretty good. and for a while it seemed to work pretty well. i guess it still does. what is to prevent what you

in 2020, london, zurich and geneva were the top three priciest cities to rent and. -- in.ate: wall street has close higher, tech stocks outperformed. the nasdaq up about 1.4% at the close, the dow jones ending just under 200 points. the major european indices close slightly higher, stocks in germany were among those closed for the holiday. all that movement on the markets has had a concrete impact on a few personal fortunes. for a few hours today, a french tycoon ralph lee the world's richest person -- a french tycoon briefly became the world's richest person. the shares of his luxury group surged. it has been alternating between jeff bezos and elon musk. jeff bezos took back the top ranking as wall street opened. they may be stylish and practical, and a lucrative part of the fashion industry, but are your blue jeans bad for the environment? an exhibition in paris is dishing the dirt on denim. reporter: they are one of the most popular items of clothing on the planet, with 73 pairs sold every second. but blue jeans are among the most polluting. a new exhibition in par cove

to these incentives in any way. bene, zach scenery such are at the center for security studies and zurich menu, thank summer holiday season is just around the corner and after dismal months of lock downs and travel restrictions, europe's travel nations are anxiously waiting for visitors to refuel their economy . greece, for example, has been welcoming tourist again since the middle of the month. but expects visitor levels to only reach 50 percent of regular use. here's what the recovery on the island of me kind of looks like. tourists are heading back. it can be compared to may 2 years ago, but still, making notes remains relatively quiet. following guests haven't arrived yet, but european are gearing up for their post marked down freedom to travel to cleveland. i'm on vacation and we can host with a colleague. we both work in the same hospital and we've had a tough here because of covert. now we just want to relax. i think my political name was onto my music is still banned in restaurants and bars. the party jets it hasn't come back yet. it's not on the financial loss. generally, everybo

i have been woken up with a phone call from zurich control, and they called me at 7 o'clock in the morning asking me that there has been a big solar event. do we have to have to shut down the traffic in europe? i had 10 minutes to respond to space, whether it's caused by the supplies us with warmth and sustain life. but sometimes there is flight effect the from our vantage point on us, the sun may seem the rain, the things start to look a lot different up close. the sun is a massive fusion reactor, fusing hydrogen into helium. this nuclear reaction transforms over 4000000 tons of mass into pure energy. every single 2nd around the clock fund is the source of space, whether you pick her mom works at the european space operations center or east oak. in dumb stats germany, he manages the space whether or fast which keeps around the clock high on what's happening on the surface that this ah data about the sun rise here in real time through an online portal. the information is provided by hundreds of ground based telescopes such as this one on the island of 10. every important data also arrives

the soil is healthy on cap, i want to see it on the field study was dreamt up by researches from zurich university and the swiss institute for sustainability sciences. they want to find out how healthy swift soil is and how many micro organisms inhabited micro organisms and fun guy have an appetite for cotton. so burying cotton underpants and later checking their state of decomposition should be an indicator of soil quality . the more whole, the better who does this here is a great example. cotton has been broken down almost entirely up to you, but the only bits left are made from synthetic materials. this means the soil is very healthy. good about this pair of underpants and contrast theory for too much more cut and remainder from almost off. so the sun was not have such good quality. and when you go aboard and each and every pair of decomposed underpants offers researchers valuable insights into the quality of the soil, must data we want to find out where the soil is healthiest. why this is the case and what we can do to protect it in the future, even if it's the researchers send all

soil is healthy on that goes on and to see it on the field study was dreamt up by researches from zurich university and the swiss institute for sustainability sciences. they want to find out how healthy swiss soil is and how many micro organisms inhabited micro organisms and fund guy have an appetite for cotton. so burying cotton underpants and later checking their state of decomposition should be an indicator of soil quality. more holes, the better who does this here is a great example of cotton has been broken down almost entirely. the only bits left are made from synthetic materials. this means the soil is very healthy. good aboard, this pair of underpants and contrast theory for tomorrow with much more cut and remainder from almost off. so the sun was not of such good quality. and when you go aboard and each and every pair of decomposed underpants offers researchers valuable insights into the quality of the soil, this must data we want to find out where the soil, se, why this is the case and what we can do to protect it in the future and even if it's the researchers send all particip

there were also clashes the swiss city of zurich, where officers fired rubber bullets when protestersnd bottles at them. the british government is cutting its core funding to the united nations children's fund by 60%. unicef has warned the cut will have "serious consequences", particularly for children affected by covid—i9. the british foreign office says the government is taking "tough but necessary decisions" because of the "impact of the pandemic on the uk economy". the overall foreign aid budget is being cut by more than $5 billion this year. 0ur diplomatic correspondent james landale has more. well, unicef say it will have a devastating impact simply because the demand for distributing humanitarian aid to children around the world is acute at the moment, notjust in the crisis spots like yemen and syria but also, they say, because of the covid crisis. there are so many knock—on impacts of the pandemic that have increased the demand for non—covid health care, if you like, that's been crowded out by the pandemic, that the charity is trying to deal with. and they say this cut will ha

there were also clashes the swiss city of zurich, where officers fired rubber bullets when protesters bottles at them. journalists in turkey say the police have stopped them from filming the arrests of protesters on may day, as a new internal regulation was announced overnight. the chief of police released a notice banning filming and encouraging officers to take action. sara monetta has more. journalism is an increasingly difficultjob in turkey. reporters were out to cover the may day protests in the capital ankara when plainclothes police grabbed their phones. translation: as soon | as the protesters started shouting at the beginning of the demonstration, police came and tried to prevent me from filming, saying, "didn't you see the notice?" the notice they refer to is this letter, signed by the chief of police. in it, it says that when recordings of policemen are shared online... they can harm the personal rights and safety of our officers. ...he continues... but lawyers across the country have rejected the move. freedom of speech is the right of the turkish people. you cannot stop

you look at the temperatures they're in the teens you'd expect to be in the twenty's for example in zurich or in london and london representing england here is wet and windy quite often certainly the whip bit is there now typically innsbrook is below average by 4 degrees and it's going to be showers showers showers or thunderstorms for the next few days that does represent an awful lot of europe but not all of spain in the science of spain the southwest and lithia in seville it has hit 41 before but the average is 27 and we well about the ocean that's going to keep going i think so the next couple of days it has been hot throughout the hell recently the area is still pretty hot not sure it's quite a record but it's getting there but it's mostly dry. for. the 1st european country to ban the food facing public places home to more than 6000000 followers of islam many who want to assert their religious and cultural identity in the light of france's 2021 contentious so-called separatism law as we look at the recent history of muslim immigration to the country in the final episode of this 3 part

the soil is healthy on the up, i want to see it on the field study was dreamt up by researches from zurich university and the swift institute for sustainability sciences. they want to find out how healthy swiss soil is and how many micro organisms inhabited micro organisms and fun guy have an appetite for cotton. so burying cotton underpants and later checking their state of decomposition should be an indicator of soil quality . the more holes, the better to this here is a great example of cotton has been broken down almost entirely. the only bits left are made from synthetic materials. this means the soil is very healthy system would have gotten this pair of underpants and contrast to 3 for too much more cotton remainder from almost off. so the sun was not of such good quality. and when you go with a board and each and every pair of decomposed underpants offers researchers valuable insights into the quality of the soil, you must data. we want to find out where the soil, se, why this is the case. and what we can do to protect it in the future. and even so the researchers send all participa

and from all of these sanctions, they're now joined from zurich by a doctor, maria shaw. gonna, she's an expert on sanctions at the university of the center for eastern european studies. maria, we've heard that the you will target some of the most profitable sectors of the valuation economy. how much damage will this do was hi, jake, and then kid. nothing over him. and the savage here looks a little christian cadets and shot himself in the foot. the sexual things were on the list prior to the incident. but there was a certain reluctance from the you to cross that line and target the lucrative texas . now the, the calculus to change and that's reported they will target the key sections of the russian economy, oil cetera, come at all for 30. and it's important to remember that left it on the experience of federal chemicals to the broader, more than $1000000000.00. they all are going to the band for over flight of them ivy and then use space for billers and companies will add to the cost of current depend with specific sanctions will be put in place that you have to agreed.

and let's bring in, bruno restaurant to for more on this is a partner lecture partners in zurich, bruno great to have you on the program. now, us regulators are signaling tighter scrutiny for crypto currencies. china band institutions from providing crypto currency services. are these the main reasons behind these wild swings we've been saying? good, good afternoon. well, i think the, the main reasons for the swings. there's a lot of finger pointing after having has been going as one of the best performing asset classes in 2020 even mosque is being named 1st promoting it and then pulling back on that statement. the chinese authorities in discrete and hearing on the regulation, also in the us. those are clearly reasons that are mentioned. the main reason that could be the cause is the d leveraging of financial counterpart days because they went to high end leveraging and had to sell off some of the bits going all coming at the same point and creating a major decline. that is one of the reasons that is not also mentioned, but that could be seen. one of the, one of the reasons they're, the

you look at the temperatures there in the teens you'd expect to be in the twenty's for example of zurich or in london and london representing england here is wet and windy quite often certainly the whip it is there now typically innsbrook is below average by 4 degrees and it's going to be showers show showers or thunderstorms for the next few days that does represent an awful lot of europe but not all of spain in the science of spain the southwest and lithia in seville it house hit 41 before but the average is 27 and we well about the ocean that's going to keep going i think so the next couple of days it has been hot throughout the hell recently and some area is still pretty hot not sure it's quite a record but it's getting there but it's mostly dry. frank assessments there are a lot of poison but the government used one exactly how and one measure never taking for a situation like i'm not to believe you could ever get informed opinions is the u.s. with thinking the military positioning of the middle east wasn't just a simple act of reorganizing ministry assets this is a message to the r

is healthy on cap that goes on in class, yet on the field study was jumped up by researchers from zurich university and the swiss institute for sustainability sciences. they want to find out how healthy swiss soil is and how many micro organisms inhabited microorganisms and fun guy have an appetite for cotton. so burying cotton underpants and later checking their state of decomposition should be an indicator of soil quality. the more holes, the better who isn't this here is a great example. cotton has been broken down almost entirely. the only bits left are made from synthetic materials. only this means the soil is very healthy. good about this pair of underpants and contrast theory for too much more cotton remainder from almost off. so the site was not of such good quality. and when you go with a board and each and every pair of decomposed underpants offers researchers valuable insights into the quality of the soil, this must data we want to find out where the soil, se, why this is the case. and what we can do to protect it in the future. so if it's the researchers send all participants

tom: very quickly, the brethren in zurich emailed and asked about can you ask a question about the germanwhat is the symbolism when germany 10 year goes positive like swiss 20 year did ages ago. james: european yields are rising and there is an expectation european growth a few months out could start accelerating relative to the u.s. because we had our massive stimulus push in the spring and it turns out they are vaccinating at a reasonable pace across europe. rates are rising. going back to the inflation part, it is hard to see much of that inflation in europe. they tend to be correlated across major economies. right now the inflation outlook in europe will have a base effect, like the u.s., but the big picture is you are still looking at sluggish inflation below 2% for the for siebel future in the euro zone. jonathan: smart as always. james sweeney, credit suisse chief economist. responding to some of the news. an upside surprise on ppi. claims in better-than-expected. a smart downside surprise on claims in america. the news mcdonald's is looking to raise the average wage by 10% to brin

so i asked ben zog from the center for security studies in zurich, whether the measures already in place have had an impact the pressure to act against the regime, the very high last autumn, given the violence by the states and the pump from sanctioning individuals, as i mentioned you multilateral back, as also have stopped all development project betters and look at himself as essentially become a pest or non long dropped off in the west. however, i'm afraid the barriers in leadership has largely shrugged off sections. it appears more and more that the regime has abandoned all hopes too many times with the way to maintain a kind of level of pragmatic corporation. it may simply not care about international reputation anymore. and accordingly, infusing change through sanction is even tougher. but while they have the press, the regime at such sanctions may have signal to the protest movement that the west is watching and has not abandoned them. but the use leverage is better is limited, as we know some positive measure, such as supporting victims of the regime and strengthening independent

more on this were joined by banners saw who is a senior research, the center for security studies in zurich. thank you very much for joining us on d w business. so this idea of essentially boy cutting the skies of a fellow race was of impact with actually have currently we see as you mentioned, a number of them and 3 routine flight devote that arisen and space. but we shall see if they maintain their policy and about the follow suits. first. this is costly for airlines now. flying along with this is secondly, it is costly to better routes which now loses out on the fly charges and thirds, possibly for the loosen or restricted in mobility and the resist land borders with the you are already close after all. and there are numerous sanctions to the you could consider including that central because of the asked space. but what do you think is more likely discussions at the you are already on the way about this 4th package of sanctions against betters. so it is likely that we will see another expansion of the list of fractions individual. these are dozens of officials and supporters of the regim

you look at the temperatures there in the teens you'd expect to be in the twenty's for example of zurich or in london and london representing intent here is wet and windy quite often certainly the whip it is there now typically innsbrook is below average by 4 degrees and it's going to be showers show showers or some storms for the next few days that does represent an awful lot of europe but not all of space in the science of spain the southwest and lithia in seville it has hit 41 before but the average is 27 and we're well above the ocean that's going to keep going i think so the next couple of days it has been hot throughout the hell recently the area is still pretty hot not sure it's quite a record but it's getting there but it's mostly dry. the it's one of the most recognized sites around the world famed for support from far and wide but for the fans back home it's more than just a football club and he wanted as policy should be left out of football doesn't know about football is new all politics and this is your stop on. the passion and the politics of liverpool f.c. the defiant gian

so i asked been absorbed from the center security studies in zurich. whether the measures already in place have had an impact the pressure to act against the regime, the very high last autumn, given the violence by the states and the pump from sanctioning individuals. as i mentioned you multilateral banks has also had stopped all development project batteries. and lucas and himself has essentially become a persona non grata in the west. however, i'm afraid the barriers in leadership has largely shrugged off sections. it appears more and more that the regime has abandoned all hopes too many times with the way to maintain a kind of level of math corporation. it may simply not care about international reputation anymore. and accordingly, infusing change through sanction is even tougher. but while they have the press, the regime at such sanctions may have signal to the protest movement that the west is watching and has not abandoned them. but the use leverage is better is limited as we know. some positive measures, such as supporting victims of the regime

i've had to travel in the past eight weeks to zurich.ence will be different than in the rest of the world. >> if you can even get into america, right now it is pretty tough for most people in the world. it would be similar in the united states if you are traveling to hawaii or puerto rico, but within the united states itself, almost all of the restrictions are gone. we are keeping a close eye on it and we have a state-by-state guide to where you can go. international is where we really have trouble traveling to this day. manus: let's come back to a vaccine passport. where are you on that? i've spoken to several ceos at emirates, etc. saying we are going to need a vaccine passport to get us back traveling globally. what can you tell me about the american ability to accept a vaccine passport? >> as you probably know, vaccine passports have become very politicized in the united states. i do not think you will see a vaccine passport issued by the united states. there might be something with individual companies who offer them. there are seve