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brilliant stuff. courtney, thank you very much. the french government is set to spend 200 million euros destroying wine as demand for the beverage falls. french agriculture minister marc fesneau said the move aims to support producers "so that wine—makers can find sources of revenue again". the money will be used to buy excess alcohol, putting it into products such as hand sanitiser. i am joined now by mark meek, ceo from the drinks market analysis company iwsr to explain what this means for wine producers and consumers. thank you for coming on the programme. just explain what is going on. the government is giving money to wine producers to destroy their wine? , ., , ,., ,., their wine? yes. it does sound sort of counterintuitive, _ their wine? yes. it does sound sort of counterintuitive, but _ their wine? yes. it does sound sort of counterintuitive, but i _ their wine? yes. it does sound sort of counterintuitive, but i have i their wine? yes. it does sound sort of counterintuitive, but i have to i of counterintuitive, but i have to say, here, we are not surprised by what we are seeing in terms of the
transformed the welsh football club wrexham after the takeover in 2020 are expanding their sporting portfolio, they have now turned attention to formula 1, ryan reynolds and rob mcelhenney part of an investor group that had taken a 24% equity stake in the alpine team. they are currently fifth in the constructors championship this season. reynolds to other parent company of the team announcing the news today the actors are investing alongside opto capital and red bull capital partners and a collective deal thatis partners and a collective deal that is worth around 200 million euros. we know the pair were widely praised for the approach at wrexham, they attended a lot of the games, promoted the town and the club, all around the world at that time and money paid off on the pitch because the team were promoted back into the football league in april after a 15 year absence. it is interesting one of the other investors redbird have a state already in the sports group that own the
why belgium is in the process of preparing a new package of military aid for ukraine. as we know, in these military aid packages, there are often practical obstacles, i can tell you that there is not a single doubt in any of the belgian hearts and minds that we need to continue to support ukraine. that is why, last march, belgium seized approximately 200 million euros of the proceeds of russian assets that were frozen in belgium. and we are using those funds exclusively to help the ukrainian war effort and support ukrainian refugees in belgium. i am convinced that we can go further in that domain. not only by seizing the interests, but also looking at the full proceeds of the russian assets. since the beginning of the war, belgian services have seized more than 180 billion of
reconstruction and development signed a deal with spain for a guarantee to enable further investment in the country's real economy. we can speak to the president of the european bank for reconstruction and development, thank you for being with us. just to put it into context what is what this funding deal really means, 100 million euros as a small dent in the $410 billion total bill estimated by colleagues. it is $410 billion total bill estimated by colleauues. , ., . colleagues. it is an important sianal colleagues. it is an important signal and — colleagues. it is an important signal and it _ colleagues. it is an important signal and it helps _ colleagues. it is an important signal and it helps us - colleagues. it is an important signal and it helps us with - colleagues. it is an important | signal and it helps us with 100 million euros of guarantees we can invest 200 million euros and the approach we have been implementing in ukraine, getting some donation and guarantees from our shareholders, with a view to helping us fine and ukraine and the real economy in the country. in 2022 this has allowed us to do 1.7 billion of investment which is quite
petrochemicals. the german economic minister said today that his country could survive entirely without those russian supplies, the indus democrat industry is not using russian gas. why is there not a europe—wide band? you're absolutely right, we managed to get down from 55% russian gas, 35% of russian oil and coal, down to zero until the end of last year. that came at a high price because we had to buy lng in the international market. but there's another success story which is not really reported, and this is the g7 price cap on oil and oil products, which means that russia is every day losing between 160- russia is every day losing between i60- 200 russia is every day losing between 160— 200 million euros. this is working fine and russia is feeling, and will feel during this year much more the pressure of sanctions.
for the company deciding to break it into three different units. he mapped out a plan for profitability for the streaming service and nelson peltz says the company has now done everything we wanted them to do, which also means it is one less headache for bob iger as well. >> so here's a big number. adidas is saying it could lose around $1.3 billion in revenue this year. how could that happen? >> yeah, well, let me tell you the stock is down 10 percentage points today in trading, and it is namely on back of the partnership with kanye west. today it turns out they may have as much as 500 million euros worth of merchandise, yeezy merchandise they need to get off the shelves that aren't really flying off the shelves at this point. they also announced another 200 million euros in potential
the deal is believed to be worth more than 200 million euros. it is believed he has signed a contract to the end of the 2024—2025 season. that�*s all the sport for now. tributes continue to be paid to fashion designer, dame vivienne westwood, who�*s died at the age of 81. she rose to prominence in the 1970s, as one of the creators of the punk rock scene. the singer boy george said she was "the undisputed queen of british fashion". this report from aruna iyengar contains some flashing images. # don't know what i want. # but i know how to get it.# they�*re already saying the world is a less interesting place without the colour, swagger and attitude of the designer vivienne westwood. chrissie hynde from the pretenders, who worked at westwood and mclaren�*s boutique in the kings road, sent her love. model bella hadid said, "she was my inspiration and idol in all things." a grammarschool girl
quinsy gario argues it's essential to come together to understand the realities and impact of the past. even the cheesemonger on the street corner was getting paid with funds from colonial winnings. how exactly do you heal and how do you repair the — not just the psychic terror of the past, but also the material inequalities that have come from that? words are fine, but what are actions? the dutch government's apology for slavery won't result in immediate or individual reparations for the descendants of the enslaved people. instead, 200 million euros will be invested in awareness—raising projects designed to highlight and explore this darker side of dutch history. it's been a busy time for linda nooitmeer. she has been involved in the negotiations with the government. from 20 december we can work together to fight against everything that is about racism, and it gives me hope
till today. within the netherlands, support for a formal apology has been growing, with 38% of people now in favour. but almost half the population is still opposed. one far—right leader told me his party doesn't believe in such gestures. quinsy gario argues it's essential to come together to understand the realities and impact of the past. even the cheesemonger on the street corner was getting paid with funds from colonial winnings. how exactly do you heal and how do you repair the — not just the psychic terror of the past, but also the material inequalities that have come from that? words are fine, but what are actions? the dutch government's apology for slavery won't result in immediate or individual reparations for the descendants of the enslaved people. instead, 200 million euros will be invested in awareness—raising
favour, but, almost half the population is still opposed. 0ne far right leader told me his party doesn't leave in such gestures. quincy argues it's essential to come together to understand the realities and tact of the past. the understand the realities and tact of the past.— tact of the past. the cheese monk on — tact of the past. the cheese monk on the _ tact of the past. the cheese monk on the street - tact of the past. the cheese monk on the street corner l tact of the past. the cheese i monk on the street corner was getting paid with money from colonial winnings. getting paid with money from colonialwinnings. so, everyone in the infrastructure and the way of living and our comfort here is directly linked to that abuse and extraction elsewhere. how do you heal and how do you repair the, how do you heal and how do you repairthe, notjust how do you heal and how do you repair the, notjust the repair the, not just the psychic repair the, notjust the psychic terror the past, but also the material inequalities that have come from that. words are fine but what are actions? according to various leaks the dutch government apology for slavery won't result in immediate or individual preparation for descendants of the enslaved, instead 200 million euros will be invested