tv Business - News Deutsche Welle September 22, 2017 7:15pm-7:30pm CEST
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pleasure and they still hope they can find victims alive under the royals it is a race against time. just a reminder about top story this hour with just two days until germany's federal elections latest polls show most instances center left social democrats still planning on going to michael christian democrats by a large margin johnson's conservative bloc looks likely to take about thirty six percent of sunday's vote. more news for many of the top of the hour ahead in the humphrey will be here with a business update facial tics of the day. she's long been a symbol of hope in syria. i try to help people. on our side does she
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stand for change. for the false facade of her husband's rule of terror. he believes in what the syrian regime is doing and believes in those who say. projection that that they are saving syria. assad the future face of the dictatorship starting october first on d w. right it sharing it to lose its license to operate in one of the world's wealthiest cities as london's transport authority describes it as not fit and proper will take a look at the road ahead. coming up the president of the new and mccall signs a sweeping changes to france's complex labor market the controversial reforms aim
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to boost the country's ailing economy but trade unions will take the country back to the nineteenth century. and what next germany's very own rust belt steel workers fear for their jobs off to a massive takeover is assigned and sealed. this is your business update on a home for. london fleet so have been ordered to screech to a halt the city's transit regulator has ruled that it will not be renewing the company's operating license deciding that is quote not fits a profile in public safety and security. the loss of its license is more than a small road bump for her but the right healing service says it's planning to power through by preparing an appeal it accuses london's transport regulator of unfairly favoring the city's traditional black cab drivers disgruntled at market share grab
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. but i think what's clear by this decision is that man transport from london has paid them to extreme pressure from its main number of individuals and groups that want to restrict choice to consumers and competition within london the impact of that decision if it stands will put over forty thousand licensed drivers out of work with no means to support themselves their families their loved ones the transport authorities took issue with hoover's approach to reporting serious criminal offenses background checks on drivers and its use of grey ball a software that looks like to passengers from using cars like investigators or regulators for example but while goober has run into regulatory trouble in many cities in addition to london the service has been quite popular here goober cars make up a third of all privately hired vehicles it's obviously not as she was going to try and boss still feel like oh i don't feel like i'm paying ridiculous amounts to get
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a job working for an hour at a festival it's you know it's only bouncer isn't walk out the door for so long that it's going to warm up for the loss of the license is just the latest in a spate of problems which forced out the company's c.e.o. but whether new management will be able to push past this latest rope block will be an important test for the company's ability to stay on track. this we get germany's rust belt was dealt a heavy blow to send coke the country's biggest steel company announced it will join forces with india's ta-ta steel now that may put thousands of people out of work in an industrial heartland that's been in decline for decades now a glowing hot smelters smoking furnace is that is germany's rule area the industrial heartland of the country now for more than two centuries people have mined here whether that be for black coal for brown coal or now this is the home of the steel industries when names like to sin and cope became synonymous with
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germany's industrialization in the nineteenth century and the companies have long merged and of course they formed to some cope and now another merger has been announced the steel giant will join india's tata group to better position itself against growing competition from china now the downside as with every murcia shops are at stake and that has workers worried at least four thousand jobs will be shed we're talking two thousand in management and two thousand in production to include workers of worried about their livelihoods and yet another chapter of a far reaching structural change that has even seen some of the once mighty mines like. turned into industrial museums. they're striking the bell and alarm they are steelworkers in both home as they took to the streets on friday their plant is threatened once to some cope and tata steel
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works their european business four thousand jobs are about to be cut according to management workers fear this might only be the beginning with deeper cuts to come industry experts agree that for the two steel companies a joint venture makes sense they have to compete against cheap chinese imports and not desperate to cut cost but for people in the region companies shedding jobs has become far too normal they worry about their livelihood. we are upset we are afraid to lose our jobs obviously they're closing one plant after another apparently all is good until twenty twenty but after that they might kick us to the curb cuts on. the market of stocks and. was born the jobs go away the whole city dies we already have huge youth unemployment we can't go on like this. indeed unemployment in the who're area germany's industrial heartland is way over ten percent more than double the german average four years everything from
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technological advances to the current energy transition has led to a far reaching structural change in the who area and with no other industry settling here to make up for the jobs lost workers want to make sure that the steel business is not entirely leaving germany. france's president a man you are in my car has signed a series of contested labor reforms into law tens of thousands of people took to the streets on thursday to protest those changes now the measures make it easier to hire and fire workers and allow small companies to negotiate directly with staff rather than through trade unions president michel hopes that the reforms will help reduce france's unemployment rate which is currently at a rather stop at nine and a half percent. so paris wants the french economy to pick up speed and so do most entrepreneurs there so let's get
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a closer look at what those changes to the labor market mean mean to the people living in france lisa lewis reports on the pros and cons of president michael's signature reforms. money that ran for a german had always dreamed of moving to paris eight months ago she opened a cafe here but life as a small business owner in france is harder than she expected especially when she hires staff that need an extended period of training as it has been found the problem is that france has strict rules against dismissals. and one of my pastry chefs was still very slow two months on so i had to let her go if i kept her on a longer she would have had a permanent contract then even if she didn't improve i'd have been forced to keep or. even under the proposed reforms dismissals would still be strictly regulated but the new rules would make it easier to offer short term job contracts also
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giving employers more time to see if staff are a good fit the proposal would also cap compensation awarded by courts in dismissal cases every for small business owners like sasha mellow. a school. with always had this sword of damocles one yield for our head if we had to let anyone go it could be so expensive we'd go bankrupt. employers may welcome the change but many trade union activists are dismayed. this turns back the clock to labor conditions at the start of the twentieth century employers will be able to calculate exactly how much a dismissal will cost them so they'll take advantage of that to fire experienced and more expensive workers and replace them with young workers who don't pop off with low wages. the hard line c g t union is already planning
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massive protests so far few if any other unions have committed to joining them many economists say that's no surprise because the plans are for. our moderate overall they'd like to see even more changes. in me afloat we really need our tax cuts to provide incentives for investors. the government also needs to slash incidental wage costs and improve training and continuing education. that's the only way our businesses will become competitive again. we told. you the. mother of a grandfather also hopes that this first round will be followed by additional reforms which have two employees i'd like three but can't afford it the incident wage costs are too high more reforms are in the works to lower non wage labor costs
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and relaxed rules against dismissal but it's unlikely french unions would waive that through without a fight. and we can speak to karen hornet now she's an economist at harvard university and she is currently in katherine you're in the south of france karen good to have him with us now most economists do tend to agree that these reforms are necessary of course you know that timing is everything so is the french economy in good enough shape to stomach these reforms. i would say we're actually very french economy is in bad enough to show that it needs these reforms but i have to qualify this actually is it should actually it's getting better and it has been getting better credibly in anticipation of the reforms that mark karr has promised when he started his campaign so we will see someone better g.d.p. growth this year and investment in consumption soon to be going up a bit which is which is
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a good sign which will probably help mark karr was his reforms as he tries to use to speed up g.d.p. growth this will work because the order books are full of them they used to be and that will give a good incentive for people to actually hire people which is now easier thanks to the live alone or i will we will be eyeing that unemployment rate on a karen when impacting your thank you for your insights. and that's what you're out today with the latest from the wild all business from all find us on facebook follow us on twitter. on the school business on there as well had an a c. home for it is my handle thanks for joining me and here's a look at the world markets right now.
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not allowed to voters. do you believe. this and i mean in your mind. what and. what i'm going to miss you know what i meant what in organize you don't have what is it there. yes it can i've only said that i caught it going on where they're being funded. freedom of expression. a value that always has to be defended and you. all over the world. are afraid of freedom of art. a multimedia project about artists and their right to express their views freely. d w dot com to freedom. pass tag germany decides
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what is your take on the whole position regarding not only climate change. what do you want to know about germany's general election. ask your questions about germany. and. write to us on facebook we'll answer your questions. a very warm welcome to focus on europe i'm michelle henery one of the biggest talk .
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