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tv   Frag den Lesch  Deutsche Welle  February 26, 2021 5:15pm-5:31pm CET

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crossings and allow people more freedom to travel again the decision comes after a summit of the new leaders. you're watching news coming up this. hour with your business headlines and while her if you very much for spending this part of the day let us look. different. women
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are in charge. of the archipelago has it a tree or call system for centuries. the rare form of society. differently. what do they do with their words. and sustainable this culture. that. starts marching on w. while developed countries around the world borrow heavily to deal with the pandemic some african nations are already had big debt burdens to begin way today the g 20 group is discussing possible relief measures to stop the death spiral. also on the show how the coronavirus has boosted robotics and automation full work to ever be the
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same again even after the pandemic. business d.w. business i'm joined now the law and so happy you can join us. the finance chiefs of the world's 20 biggest economies are meeting today to discuss the global response to the economic devastation wrought by that pandemic high on the agenda is how the world's poorest nations can be supported economists are predicting massive default on loan obligations around africa for instance calls for debt relief are getting louder i shot a missile is 2 weeks old baby is indebted they in front at least $300.00 to his country's credit has as suggested by uganda's reported back up into. this is almost half of what an average ugandan is to the media our. government borrowing wouldn't be a problem but considering what we've gone through during the covert $1000.00
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pandemic we've also acquired many personal loans that we may not even be able to pay it's even got harder to afford food according to reports he gets from uganda central bank uganda public that is over $15000000000.00. why uganda has recently received a total of close to $800000000.00 as it called $900.00 relief from the i.m.f. and the wired but the government has had to borrow more to support the look or economy we have attracted in excess of 15 loans between. 2020 and 21 now we are. over and above the grant. of. supplemented by different national level so it's a precarious situation like in many african economies you've got that takes up loans mostly to build infrastructure. roads and energy eat up more than half of
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externally borrowed money now over divest $18.00 pandemic some economists. 2 pattern developing economies increasingly we need to have solution to the. consolation when that the does not happen we shall invite our african governments to the different defra need a new lease of life economic life and economic functions according to the wired bank africa time alone is about 400 $1000000000.00 with more african. post deeper into poverty due to the pandemic paying loans may only get harder. our correspondent garrick mathis joins us now from brussels georg give us a sense of where europe is when it comes to debt relief for africa. the un
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in their latest council meeting in already in november last year decided that they are in favor of a coordinated international approach on debt relief for africa and that is why at the g. 20 meeting of finance ministers that is virtually taking place in rome. it is expected that a temporary debt moratorium will be extended until at least the end of 2021 a number of people have already said it should also go into 2022 we'll have to see what happens about that but how much of what iraq is going to do depends on what others are going to do like china for example you spoke of coordination there. that's will be of course incredibly interesting 1st of all one has to know to new u.s. administration is in the starting block and the room and is clear that this will make a lot of things more easy that is what we have hurt and then of course it is clear
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that that there is transparency that the e.u. insists on which you also may also explain in order for debt relief to be part of the debt relief scheme you need to be transparent so you need to show where else you owe money to and the e.u. wants to make sure that they are not the ones who allow debt relief while others for instance china will regain their money in full so that is part of the picture and that may also explain why so far only $46.00 of the $73.00 countries a little ball have actually taken part in this debt relief scheme very interesting there in brussels for us thank you for your analysis. and staying with the impact the coronavirus is having on our lives from telecommuting to video conference says the pandemic has certainly changed the way we work and it's also accelerated the drive for automation and artificial intelligence like it or not and many of those changes will likely remain even after the pandemic is over. robots have long been
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used for dirty dangerous or repetitive work but now the pandemic is pushing automation rapidly into other fields the president of swiss engineering firm a b b's robotics says in the long run automation will boost productivity and job creation. you know you crease your productivity and then yes in the end is there awnings of that specific go in or a factory you'd have more density of robots but productivity goes up so you have to just see groups you have education you have a service business and multiple other areas that sarong the robot so the human being can do much more creative or a.b.b. is developing what it calls code bots robots which cooperate with people while learning through. they are particularly useful in logistics but have been rolled out in new fields 2 to covet 19. in health care during the
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pandemic we were helping multiple multiple across them as among the world increasing productivity for example the singaporean helpless or the was able to do $50000.00 coral not tests per day based on 50 robots that we have supplied to them and also there you reduce the exposure of humans to 2 to the virus and unnecessary in or have risks so multiple new places the rebels will enter and i tell you also the the pandemic has actually accelerated many of these trends however a report this month by consultants mckinsey says automation is taking over jobs where humans were once regarded as indispensable jobs which involve a high level of face to face contact. that includes customer service health services and the care sector mckinsey says the pandemic has accelerated this shift robots are helping solve problems in the pandemic but could the rollout of
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automation be going too far. now let's pick up on those themes that susan learned from mckinsey global insight she's one of the authors of that report we mentioned welcome susan now the covert pandemic is pushing automation much faster than it might have come otherwise was the world's labor force ready for it. well the pentagon created a lot of changes that i don't think anyone was ready for but one of the things we're seeing is that companies have to respond quickly and technology to help them do the digital technologies like e-commerce as well hans robotics and a young i help them keep their businesses going and that's going to continue to have long lasting impacts on where the jobs are going to be in the future now can companies be trusted to equip their workforce to adapt to automation instead of
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simply getting rid of those jobs. well many companies are investing a lot in retraining their workforce to do other things so if you think about in grocery and retail stores when they're shifting to self checkout and they're taking salespeople in and training them to do other things like helping in the delivery department helping customers find what they need so many companies have invested heavily to quickly redeploy what people were doing in 2 areas that were more heated but that said there is certainly a role for educators and governments to play as well. now in your report you talk about the decline of low wage jobs what happens to the people who are in those jobs . well what we found is that there are millions of people in most wage jobs today that are going to have to switch occupations if they want to remain employed and that simply because all these technologies accelerated by the pandemic
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are going to reduce demand for what they're doing now i think that there's a potential upside if we can make sure that there are short term training programs available to mid career people to make a switch into a better paying job and upward career trajectory that would be a really big movement lessen inequality of course if we don't do that though we what we risk is that many people that have left the labor force during the pandemic never come back and that could worsen inequality and social tensions companies policymakers educators everyone has to act thank you very much susan and from mckinsey global insights they're talking about the future of work there for us thank you very much thank you. and now it's electric motors for fishing boats on africa slave victoria a german dutch startup base in kenya hopes replace the polluting gasoline engines currently being used the company says the electric motors are not only
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environmentally friendly going quieter they're also cheaper. thousands of fishing boats head out on to kenya's lake victoria every day fueled by expensive and environmentally damaging gasoline. now german dutch start up a suitable has come up with an electric alternative that's cheaper and causes less air and water pollution. we are barred like the larger global. electric. it's a no brainer because we as humans we need to take much more. resources our. natural resources. for an unlimited. local fisherman can rent the electric engines for a monthly fee which includes training maintenance and
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a solar powered charging service. says the running costs are 25 percent lower than what it costs for fisherman to run gas powered motors from. the start up offers the fishers an attractive deal. and the other monologue it's an easy and cheap for me because even on a bad day when we get a small catch or no catch at all a still both still gives us the engine and batteries and we can pay later that we had opened. the start up aims to help massively reduce the negative effects of fossil fuel emissions on the world's 2nd largest freshwater body east africa's lake victoria which morris kenya uganda and tanzania is about the science of ireland and is home to more than 200 plant and animal species. but 76 percent of endemic fish species are at risk of extinction this also threatens the survival of some 50000000 people who directly or indirectly depend on like victoria. and before we go
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to self-made south korean billionaires have pledged to give away half their fortunes can sue the founder of south korea's biggest messaging aka cal talk said he wants to help solve social issues with his contribution shortly afterwards kim of food delivery out wolf brothers and his wife followed suit they say they hope to start a trend. thanks for watching. it . lose.
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their. this is the double musician coming up today north korean hackers jobs for stealing money. hackers working for north korean military intelligence are charged by the united states for stealing digital wallets of currency used a cyber analyst explains why the north korean regime is off to the money plus. silenced by the old activists in india are increasingly being slapped with
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draconian.

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