tv Business - News Deutsche Welle July 14, 2020 1:15am-1:31am CEST
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manages it without hurting himself. and then yannick center of italy get it done as well hoss won the point and a small socially just ince proud it shared them on. center won the 1st round match of a mid pandemic exhibition at china and. you're watching news i'm claire richardson in berlin and remember you can stay up to date with all the latest on our website at e.w. dot com and you can follow us on instagram and twitter too at state of the union thanks so much for joining us. every day. for us and for our. good morning to you is on its way to bring you more conservation. how do we make cities streamer how can we protect animals and their habitats what to do with
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the waste. we can make a difference by choosing reforestation over the 1st edition recycling for disposable smart new solutions oberstein said you know we want to use those truly unique and we know that our uniqueness is what allows us to within survive gluten why do you oppose the environmental issues in global 3000 on g.w. and on the. job cuts a dime set to run deeper than previously feared the most eighties make assess the $15000.00 that had earlier walked off will no longer be enough. coronavirus has it exposed what's been called modern slavery in british textile factories. with workers making well below the minimum wage. and keeping
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connected to look at the start of perhaps helping people to stay in touch with their loved ones during the coronavirus pandemic. this is deja vu business and robots in berlin it's great to have you with us so dinah says it will need to make further job cuts on top of the 15000 it was already planning the maker of miss sadie's benz cars says it needs to increase cost cutting as demand for its vehicles slumps dime the currently employs nearly 300000 people worldwide. when i speak to christian start he's an automotive expert at warrick business school in the u.k. thanks a lot for joining us so what's behind these deepening job cuts uptime. well dime that was already a year under pressure prior to coronavirus crisis and its other common effect was as well they felt crises morse more so it would trouble already to
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some extent now this is a 2nd aspect is that what fundamental shift in the industry towards it will be lived here which will probably receive more cuts not just you but across the more traditional manufacturers' yes on the other hand to diamond we've heard that tesla is planning to take on more than 10000 workers for its new gig a factory in germany so why is tesla able to be hiring one of the car makers a firing. 1st of all a small note of course from the place at the moment applying for the various permits and date probably going to put forward an optimistic number in the number of people so they can hire but having said that they also fundamentally in a different position they don't have a legacy business the entirely towards these new growing business and 'd you know in that space you can high up not dime of it probably as other manufacturers also
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high in that space but at the same time the more traditional business which tends to employ more people is probably going to become smaller so they'll have a reduction overall headcount but does this difference that we see in fortune so the an electric car maker hiring and the others having to shed people reflect a change in the direction of the global car industry it's yeah i was inclined to say yes not necessary to test that it's going to wind at a particular game yet it's too early to say. this is 2nd mover advantage sometimes of companies that seem a bit slow to start with but then can also learn from the mistakes that i just made it more to forefront initially but there dearies the shift more towards cause i think that is true yes and it's webcast is benefiting at the moment well thank you very much for your time christian from warrick business school next to the
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u.k. where the coronavirus lockdown has exposed shocking conditions in some of england's textile factories as thought as many as 10000 people could be working and what's been described as slave like conditions cliff it can and has the story. in leicester reimposing the coronavirus lockdown has exposed an evil many believed long banished from britain slavery unscrupulous garment factories in the u.k. stand accused of employing thousands of workers for slave wages. around about 10000 individuals who effectively modern slavery providing garments for internet retailers a new report based on police records has found out across britain 3rd least 100000 slaves there are earlier things are far below the minimum wage. machinists pay being paid 3 cards in the pack is being paid. well this
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seems to be the start. leicester city council reckons there are around 1500 textile factories throughout the city many are small businesses housed in buildings in bad condition. home office immigration enforcement bombs are patrolling the streets of the city there are concerns that some of the exploited workers are in the u.k. illegally. i'm not pretending to this doesn't exist we're not shutting our eyes to it we are working with everybody who wants to come forward to help expose this abuse. lester re entered lockdown in early july after rising coronavirus numbers were detected in the city the covert 1000 pandemic looks like used to make the problem of slavery even worse at the u.s. where it's been something of a roller coaster day for markets in new york optimism over a potential coronavirus vaccine drive the nasdaq to
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a record high in early trading but that was wiped out by the end of the day so let's speak to our financial correspondent in new york jose luis de haro jose what's behind this bumpy ride we're seeing. i would say like a couple things rob we have to to have in mind early optimism and came especially from from the f.d.a. granted and to fast track this week nation to 2 off their debt like scenic candidates from pfizer and a buy in tag also we sold some m.n.a. activity with analog devices offering it to buy into great ed and on top of that we can say that pepsi earnings were bad but not as terrible as where respect and let's see what happens now with the big banks for the rest of the week but the consensus is already bracing for itself or for
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a 44 percent drop in aran in seeing the s. and p. $500.00 in debt 2nd quarter but then we have to have in mind also that california announced the closing of bars and indoor restaurants because of the increase in cases of covered 19 and tech stocks especially that the usual suspects such as aapl or amazon are we have been basically the main drivers have for their current rally started to fall and. demeaning dick says that with them that said we have to keep in mind rob that the s. and p. $500.00 repleat turned positive for year and as you mention and denounce that is up nearly 16 percent so far in 2020 has it in his diary thanks for keeping on top of that for us as a financial correspondent in new york. now to some of the other global business stories making the news the middle east oil producers are expected to make
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$270000000000.00 less in revenue this year than last year the international monetary fund is predicting the overall regional economy will shrink by more than 7 percent 2020 because of the double hit of the coronavirus outbreak and turmoil on energy markets. coronavirus crisis has seen many of us turning to digital communications where we might have preferred to have at someone face to face leaders in the industry such as zoom and skype names that we've come to know now have profited well from the pandemic but so have smaller companies who have seized the opportunity to develop new ways of keeping in touch. a man like you and it's photo time in the nursing home garden stuff will send this picture of the base to her relatives via digital platform called me oh. i'm happy i hope it turns out well. the photographs videos and text messages allow
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cliff talk to a base to keep track of how his mother who suffers from dementia is doing and how she's spending her days. this is your kind of message she's consciously sending me it's taken by the care workers so for me it's just a little highlight trying to highlight. stuff at the nursing home are glad to be able to share information on the vents over a meal. many residents aren't in a position to communicate on their own via social networks what's more i'm also the one big difference concerns data security but what is up for example is a little bit ambiguous when it comes to this issue information and for me as a manager it's great to be able to have an overview. i don't want to call it controlled but i can see who might need to be sent a couple more pictures. to founders of the virgin star so we're primarily
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interested in easing the job of care workers. and felix coonass spent 6 months as volunteers caring for the elderly. the funds were people who were really struck by how hard they worked out how little of that is recognized by society or even the residents relatives we wanted to change fast or. some $100.00 clinics now use the platform for which they pay up to $500.00 euros a month the market for the service has been growing during the coronavirus pandemic the company now employs 16 people. that's where you try it another berlin star snowboard one day like to be. their online service allows users to mingle and hop between different conversational circles much like you would at a real event like a work gathering you can switch groups at any time all while keeping an overview of where everyone else is some $1000.00 companies and event organizers are already
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using the platform. my good self and the reason you don't go to events is to get to know people to exchange ideas and to have random encounters and i think the moment you offer a platform like this you create a new market for events which before this point wouldn't have been possible damage new prescriptions invented the coronavirus has triggered a boom in digital communication tools startups like yo tribe and meo hope the trend will continue post pandemic. and that's all from me on the business team here in berlin if you want more from us to check out our website go to. slash business you can also seek us out on facebook and twitter thanks for joining us.
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in the other line of climate change. the city. people. today have their future. gleek go. to the cities. please sure. what to animal conservation groups didn't tell payment systems on a gun and artists have in common well believe it or not they all kinds help to protect their environment here more on that coming up on the show i mean lagos come
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