tv Business Briefing BBC News January 16, 2018 5:30am-5:46am GMT
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this is business briefing. i'm sally bundock. here are the headlines. germany grapples with strike action on mass. more than 15,000 workers at 80 companies prepare to down tools. we weigh up their demands. watch mummy! no hands. the detroit auto show is all about self driving cars. will show you what is on offer. —— we will. and on the markets... with wall street reopening later, it's a busy week for global investors with several key companies reporting earnings. this is how asia is faring now. also talking about israel's prime minister's visit to india.
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could it be a new era for trade? but first, germany's biggest trade union has threatened to call for a 24—hour walkout as part of talks over pay and working conditions. ig metall represents the rights of 2.3 million workers in the industrial sector, but the negotiations are seen as a benchmark for how pay is set in other areas of the german economy. the union is asking for a 6% increase in pay, and the option for a 28 hour working week for its members. now, this would allow employees to look after young children or ageing relatives. ig metall is also pushing for an additional allowance of 200 euro a month to offset the loss in salary. with unemployment at record lows in germany, workers are in a strong position to negotiate for better pay and conditions. german productivity per hour — which is a key determinant of wages
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— is among the highest in the world, with countries like the uk and japan lagging way behind. let's get more on this story. 0ur berlin correspondent damien mcguinness. nice to see you. so just tell us what might happen later? because of course, these unions are calling for the strike action. will they get the result they want? yes, it's so, in fa ct, result they want? yes, it's so, in fact, these are a series of strikes starting really since the beginning of january. they had starting really since the beginning ofjanuary. they had been starting really since the beginning of january. they had been called starting really since the beginning ofjanuary. they had been called by ig metall but they are localised strikes, they are so far in the warning stage, if you like, and what that effectively means is that in the past few weeks, every day, thousands of companies all over germany have really called short strikes. some of the strikes have lasted one hour, two hours, and it is sort of a show of strength.
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almost 4000 workers had taken part in this, the next age now will be the 24th of january when you have this big round of talks. workers in germany are in a strong position because exports of looming, that means that manufacturing companies's profit are at record high and many workers are now asking themselves why aren't they seeing some of those profits, particularly when as you point out, unemployment here is that a record low. so workers are really out a premium, a record low. so workers are really outa premium, companies a record low. so workers are really out a premium, companies cannot find skilled workers, so that is why the members of ig metall won't really to see part of the profits of the company is going to them but they also know they are in a very strong position. how do you think this will play out? well, it really depends because so far, workers have said they want a potential reduction in hours. it is a very complicated offer really, or proposal, it is
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from 35 hours to 28 hours, if they wa nt to from 35 hours to 28 hours, if they want to do something else with their lives potentially, that could be looking after an aged parent or children. they would get paid less with that, there would be a potential bonus. employers have said that it would make germany less productive and harm the german economy, they have also said that they can't lose these workers and they can't lose these workers and they can't lose these workers and they can't afford to let workers work less. so there is a real stablemate right now. employers have offered 2%, employees are still saying they still want a 6% pay rise. there is a bit of leeway in, over the past day or two, we have sort of see more movement on both sides, but it really depends on what happens in the next round of talks. what is interesting about this round of strikes is that ig metall is the biggest trade union germany, if ig
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metall do well and get what they wa nt metall do well and get what they want almost what they want, other trade unions and other workers will start to demand pretty similar things. we will talk to you again, i am sure. for now, thank you very much indeed. self—driving or autonomous cars have been a big focus for every major auto maker around the world. yogita limaye is at the detroit auto show for us. she has been checking out what is on offer. this is a self—driving vehicle tested by ford to deliver pizzas, and it looks pretty much like a normal car. those spinning things on the top are sensors, and i'm going to ta ke the top are sensors, and i'm going to take you around the car to tell you what the car is actually seeing. look at this year. that little red dot behind the car, that is me. that is what the car is seeing so that it can make decisions about where to turn, whether to stop, whether it can accelerate. 0f turn, whether to stop, whether it can accelerate. of course, ford is not the only car maker talking about
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ca i’s not the only car maker talking about cars like. pretty much everyone at the detroit auto show is, they are investing money in development. we also had the transport secretary of the us government yesterday saying they do not want to have command and control approach, saying they do not wa nt to control approach, saying they do not want to interfere with innovation and of course, safety is a big concern for them. but also very much saying that the onus is on car companies to make people feel confident about vehicles like these. it is incumbent upon that these manufacturers and high—tech companies to share their enthusiasm and their confidence in this new technology, because unless they do so, the consumers will not accept it and this will not be a success. general motors has already made a request to the us government to allow them to put this vehicle on the roads as early as next year. no steering wheel or pedals, like many other carmakers think the world is
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not ready for that just yet. it will ta ke not ready for that just yet. it will take some years before we see fully autonomous driving, no steering wheel. a lot of things need to happen in our environment, and we do believe that many customers are not ready for war self—driving car is just yet. at that future of a car with no passenger controls could be a reality pretty soon, look at this vehicle. it is a little shudder wives, there is a screen in front of me, no steering wheel, no pedals, under my feet. the shuttle buses are already being used on the streets of detroit on fixed routes, and will soon be used in other states as well. these advances in technology are coming out is faster than we had ever imagined and so the question facing governments and indeed, facing governments and indeed, facing all of us, are we ready to cede control to the machines and software ? cede control to the machines and software? that is a very big question. of course, we will have more from her tomorrow. israeli prime minister benjamin netanyahu is on a six day tour of india, aimed at deepening trade and defence ties
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between the two countries. he is being accompanied by the largest business delegation that has ever travelled with an israeli premier on an overseas toui’. india business reporter sameer hashmi is in mumbai. nice to see you. just tell us more about how important this is. clearly, israel is really wanting to see some serious deals done, but what about on the part of india? well, it is a significant trip and the fact that prime minister benjamin netanyahu is visiting india just six months after the indian prime minister visited israeljust shows how these leaders are really keen to deepen ties between the two countries. now, as far as this trip goes, last evening, monday evening, both the prime ministers issued a joint statement. they praised each other and spoke about how keen they are to push this relationship to the
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next level, both on economic and cultural ties. that is why prime minister benjamin netanyahu has a lot of start—ups that won inc deals during this trip. they have signed agreements in nine areas, that includes cyberspace, cyber security, agriculture, science and development, but no big—ticket deals, which we were expecting would be announced on this trip. perhaps this trip is more to show the significance as far as this relationship goes, rather than focusing on concrete deals, because both the countries believe that in the long—term, there can be important economic partners. —— they can be. thank you a lot, we will keep an eye on how that trip progresses. now let's brief you some other business stories. the british supermarket chain iceland has said it will eliminate — or drastically reduce — plastic packaging of all its own label products by the end of 2023. the move will effect more than 1000 own label products. iceland says its research found that
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80% of shoppers would endorse a supermarket‘s move to go plastic free. that is our twitter question, we will talk about that in the few minutes. thousands of small firms working for the failed construction giant carillion are waiting to learn if they will be paid, amid growing fears that some could face closure. carillion used an extensive network of sub—contractors and local suppliers, paying them almost £1 billion a year, according to its latest annual report. critics have stepped up calls for a review into the carillion crisis. markets, very briefly. just as a the us was closed for the martin luther king us was closed for the martin luther kinng. day. that us was closed for the martin luther king jr. day. that is us was closed for the martin luther kinng. day. that is friday's us was closed for the martin luther king jr. day. that is friday's end to the week. it will reopen today. in asia, and nick stay really progressing. 0f in asia, and nick stay really progressing. of course, we will see how things progress when europe gets going and wall street trades as
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well. i'll be back a moment with the news review. dolores 0'riordan — lead singer of the irish rock band the cranberries — has died suddenly at the age of 46. she'd been involved in a recording session in london when she died. the cranberries, formed in the 1980s, had a string of hits and sold 40 million records around the world — as our entertainment correspondent lizo mzimba reports. # do you have to let it linger? # do you have to, do you have to? # do you have to let it linger? linger was the first song dolores 0'riordan ever wrote with the cranberries. it turned her and the band into stars. # but you always really knew.
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# ijust want to be with you...# linger was about teenage rejection. # you know i'm such afoolforyou...# folks, do me a favour. please welcome, and just in time for thanksgiving, the cranberries. their rapid success, particularly in america, soon saw the young singer—songwriter move on to weightier topics. # with their tanks and their bombs...# zombie was a wrenchingly powerful protest song, written after two young children were killed by an ira bomb. # in your head... # they are dying. # in your head... # zombie, zombie, zombie...# today, the irish prime minister said, for anyone who grew up in ireland in the 1990s, dolores 0'riordan was the voice
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of a generation. # you got me wrapped around yourfinger...# a generation tonight mourning the loss of one of music's great talents. # do you have to — do you have to? # do you have to let it linger?# dolores 0'riordan, who died at the age of 46. it —— coming up at 6am on breakfast... louise minchin and dan walker will have all the day's news, business and sport. this is the briefing from bbc news. here are the headlines: the four—time olympic champion gymnast, simone biles, has said she too was sexually abused by the former usa team doctor, larry nassar. he was jailed last month for possessing child pornography. i3 brothers and sisters have been rescued by police from a house in california, where some of them had been chained to their beds. police said they appeared malnourished and dirty. for the second time in seven months, romania is without a prime minister.
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left—winger mihai tudose resigned on monday after losing a battle with the leader of his own party. now it is time look at the stories that are making the headlines in media across the world. many newspapers in the uk are grappling with the detail of the colla pse grappling with the detail of the collapse of carillion. we begin with the front page of the financial times. it leads with carillion‘s collapse, saying there's anger, not least because policy on bosses bonuses was changed in 2016, making it harderfor them to be to be clawed back. let's look at the front page of the daily mail. we do not often have this paper in this particular review. it leads with the british supermarket iceland planning to become the first in the world
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to remove plastic packaging from its products. a story from sweden makes the irish times. swedish homes will all receive a booklet warning them what to do if war breaks out. it's gone back into print for the first time since the end of the cold war in 1991. we'll tell you why. trailblazing english footballer cyrille regis honoured by the daily mirror. he's died at the age of 59. he's described as a hero and role model for many black players who followed him. and fox news among media across the world covering the fact that sneezing could be the death of you. a new warning from doctors after a man supressed a sneeze and blew a hole in his throat.
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