parisians at the time. the painting will go on display in amsterdam hong kong and paris before being sold off to a new home option how's the beef estimates it's value between 5 and 8000000 here it is. and that's it for me and the news stream coming up next as my colleague mike jones this is headlines for more news stories of course all the good news out. of force and instruments which are as well the at. those. people looking for. there are many answers.

there are many reasons. there are many if. you. make up your own mind. for minds. brussels takes aim at the geek economy the european commission launches a public consultation into the rights of casual work we asked our correspondent if the threat of regulation is already bringing about change and. also coming up how chips became for the oil of the digital age. takes

a look at the global semiconductor shortage and i wish for to see demand search after bricks it as companies seek to avoid red tape and delays by shipping directly to mainland europe. hello and welcome to do business want to get good to have you with us. so brussels is taking a good look at the gig economy the european commission is launching a consultation on how to improve the conditions for people working for tech platforms though they don't call out companies by name of the likes of write sharing apps and food delivery sites a search to come under increased scrutiny. but it's long been controversial ride sharing apps like say their drivers are self-employed whereas unions want them to be treated as employees with health benefits and paid time off it's the same for delivery workers and others taking part in the so-called economy now the european commission is launching

a consultation aimed at improving the conditions for platform workers saying some are getting a raw deal. with europe people who work from platform well they risk to be left without income and they're not always or for national support missions during lockdowns. and even those who have work that koreans of the drivers well they sometimes have really poor working conditions. normal hour shift or little or no social protection should they fall in and no pension shame no access to training or skills development as a 1st step to addressing these issues the e.u. is asking trade unions and employee associations for their feedback on what the bloc should do to support good economy workers it's just the 1st stage on the road to new regulation and the platform operators will be watching closely. and one

platform already reacted even before the e.u. put forward recommendations or even legislative proposal for more let's bring in our brussels correspondent multi-nationals merino buddha recently promised to improve social protection for its drivers is the e.u. initiative actually still necessary. but was so they already put a proposal or so right yes on the table of the commission and also critics would say it's not going far enough and you know it's we also saw that in the record it's not only about you it's also what are the companies which been discovering that you're in the plant i mean you know what our favorite restaurant was closed there are there was a curfew of confinement so you order it online or the measure was too packed so you opted for this kind of economy is here to stay and that something might receive best hagrid commissioner was just so in the report also emphasized also that there are very precarious working conditions and this is something the commission wants

to address with this new proposal and right now they said oh for kickstarted a consultation face how is this going to work. in a 1st step i will talk to labor unions and also to employ crewdson and also for drivers to many different stakeholders and divest hogger of the commissioner said this is not supposed to be a top down who says but process with an open and saying and also addressing the fact that some people actually like the flexibility of these kind of jobs you know since driving a new car for a couple of hours week 2 to train some x. or money is so they want to get your considerations all different interests and the aim is a low proposal by the end of the year now this is flexibility that you just mentioned that is of course closely associated with freelancers and the good economy isn't the only one working with them so can we expect any ripple effect. from from this

initiative on other sectors yes we know that conditions working conditions for some some freelance in the analog were it was some of the best but this is not what this proposal is aimed at for not in the 1st step at least i'm it's more about that it's 2 word world because this is one of the priorities of the current commission and something we've been seeing without the proposals of the commission in the last couple of months and the idea is to do like really just laws and rules that exist in the amel of worthwhile to digital work and also it's also about fair competition that's a point that's harder the commissioner and the lots that it's just no economy has to respect labor laws and that's why liberal costs are more expensive than the distilled worth and that's something the commission wants to address right marina strauss there on the brussels currently in her own home office thank you so much

for this. if you are having a hard time buying a ts 5 the global semiconductor shortage is probably to blame a shortfall of the little chips a slowing down begin to street did obvious and they'll do malone takes a look at how chips became the oil of the digital age you don't buy them directly but trust me you need them so when the silicone chips are down what happens well we're finding out. the auto sector has been hit hard with car companies around the world pulling the brakes on production although they're not the only ones makers of gadgets and popular electronics are feeling it too the chip shortage could be why you're having a hard time finding a p.s. 5 or a flex. about one trillion chips are made a year that's about $128.00 for every person on the planet.

suffice to say the world runs on chips slash semiconductors so why are we coming up short the pandemic changed consumer behaviors we're buying personal computers new phones new tablets x. boxes so we can work from home and to cope with the lockdowns and companies upgrading their digital infrastructure to enable remote working and all these purchases driving up the thing and what chips at the beginning of a pandemic we have estimated economic downturn industries such as the autumn makers they slash the chip purchases and but they khana mean is a shutdown spec sooner than they expected with more demands for cars carmakers keep limited torrie so right now out there buying buying buying the coronavirus prices reshape supply and demand chip companies are scrambling and if there is an industry

that can't simply quickly ramp up production or ask its clients to do without its products for a while or shift its manufacturing elsewhere rapidly it's the chip industry so why shouldn't have been spread across countries as the cost of communication has gone down along with you know the cost transportation so this is what largely seen as a good thing to spread the production of city connectors and other high tech components across countries you know kind of based on some sort of fundamental theories of economics and that by doing so you could reduce the cost of production thereby increasing efficiency in complex supply chains. may stretch around the world but especially asian companies that lead in producing chips taiwan's t.s.m. c. is the world's largest contract manufacturer for semiconductors it since had to reassure governments like car export reliant germany that it will try to prioritize auto chips but the pandemic has already taught a painful lesson. well coal is also sure the global supply chains

are are relatively easily destroyed in many industries i know it probably needs to be resolved and or should all redundancies built and the supply chains not simply means more sites globally producing nice things. it's in all countries interests to ensure a dependable supply research and development manufacturing closer to home having more and varied suppliers and making the supply chain shorter are going to be key so when the chips are down it's a good time for a countries of the world to think of to help best to invest to make sure the supply chains stay up in the future. for more let's bring in our financial correspondent pandey in frankfurt. there's always 2 sides to every coin and when there's a shortage that's something good news for chips make us right. well that's right because even as they're struggling to keep their customers happy

and content did their bottom lines are certainly benefiting from this demand for the chips as millions of people at home use their playstation 4 and p.c.'s so there is a strong demand for the chips and that he saw that also when d.s. and see the taiwan semiconductor posted its results last month it was much better than expected and now nvidia the biggest us chip maker by market value has also proposed better than expected results sales rose 61 percent in the last quarter and that's because of strong demand for it gaming chips nvidia says that it's even going to see a stronger 1st quarter the current quarter is going to be really strong that's what it says. it's much better than what the analysts were expecting it however says

that it would need to boost supply and it is in position to boost supply it says to meet the increased demand for its chips made actually to spending thank you so much . and now to some of the other global business stories making news australia has tossed a controversial law that requires digital platforms like google and facebook to pay publishes the news contents they must negotiate licensing agreements with takes in images that appear in searches it's expected to set a precedent for other countries. also in australia the largest airline quantas lost more than 700000000 euros in the 2nd half of 2020 due to the pandemic it said international flights would not resume until this october 8 and a half 1000 employees will lose their jobs. and here's the upside to breaks it not for britain due to a lot of red tape like customs paperwork and possible delays in the u.k. many truck drivers are now taking their loads directly from e.u.

member ireland to fronts. trade is like water. it looks for the path of least resistance. for many irish companies that path no longer runs through britain but through irish ports like rustler until recently only 3 ferries a week left the port for continental europe now it's 16. bricks it has suddenly made the sleepy town a major player in the irish logistics sector. what we've seen is a fundamental shift i differ levels in the supply chain ok so certain large industry big multinationals have made a strategic decision to take the bracks a headache out altogether. avoid the paperwork avoid potential delays and avoid a tractor supply chain. data from january suggests that more than half the trucks

that previously drove through britain will now take the direct sea routes between rustler cork and double into french ports. a new warehouse was built at the rustler port just 4 cross-talk in goods. hundreds more trucks called in support every day so local shops and service stations are now benefiting from about there's more jobs being created in the ports transfer companies lycos were taking on more stuff so the economy in the region is certainly benefiting from it looks as if the port of rosslare may be setting sail for a brighter future that's all for this. vaccinations against the pandemic it's a race against time. could his business with the virus. get the coveted vaccination dose and the reaction just relations already have a plan what is the situation and africa. made in

germany. d w. people have to say 1st to us. that's right we listened to their stories reporter every weekend on t.w. . gone in one fell swoop all that work against poverty inequality and the scrim a nation down the drain a pandemic has put us back to kate's it's exacerbated.