tv Business - News Deutsche Welle November 5, 2022 12:15am-12:31am CET
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attending delays vision, nicholas groom was on air when a parrot hatched on his shoulder. after his moment in the spotlight, the bird took off with a souvenir, i found clear what the parrot wanted with his headphones, but the credit goes to nicholas for carrying on with his report. look like a private window gone. it will not, but shouldn't vilegas lily while i own it? what she ended up in is live from berlin up. next is the w business with my colleague, rob, what's our season about people in trucks injured when trying to flee the city center. more and more refugees are being turned away as the border. families played on the tax in syria. to these credit owners, wheeler demonstrated people fleeing extreme ground off
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getting 200 people from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines ah, ah, a loan, musk slashes, twits, his work force. as many as half of the websites employees found out on friday they were being laid off, and now musk will be hearing from their lawyers. me while near figures show american wages are rising. good news for employees, but not what the fed wanted to hear away from the us. germany's chancellors
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schoultz has been meeting china's president. she all the 2 countries reaching a turning point in that trade relationship with the state of your business on robots in berlin. welcome to the program, laid off with next and no warning. the week has ended with twitter employees around the world finding out if they still have a job slashing the workforce appears to be part of the strategy of the websites, new owner, e, long musk, but outgoing employees don't plan to live quietly. using the hash tag one team, they're posting to twitter, to talk about getting laid off from the social media platform. twitter employees, or tweaks, as they call themselves, are being let go and a mass lay off. media outlets estimate around half of twitter, 7500 employees are getting the boot. e law must, has laid off employees of all ranks and departments from the head of legal policy
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trust and safety to software engineers. the reason to cut costs, musk borrowed $13000000.00 for the deal to go through, and we'll have to pay at least $1000000000.00 a year and interest alone. the shakeup has had consequences. so far, volkswagen and other brands have announced their pausing advertising on the platform and a group of now former employees are filing a class action lawsuit alleging they weren't giving legally required advance notice . ilan masks next move is anyone's guess. and former tweets will have to consider there's by, let's take a closer look at happenings at twitter as me to our financial corresponding to new york, yann's quarter. yes. a lot of twitter news this week it would appear that musk is moving very fast in his re shaping of the company. well,
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roper, clearly some a radical, a changes said to twitter in just a very short time frame. a, by the way, a, we also heard from some, as a, as from some other group, some calling. i'm all active for form civil rights group. sorry. calling a companies a 2 entirely a pulled their m s from twitter at this point. and if they will do so, remains to be seen. but what we do see is clearly also a clash of a culture already in the summer, when ellen muscular talked to employees of a twitter and he called twitter boring, he wants it to be become more fancy, like a tick tock to him for incense and obviously it begins with the twitter employees and i'm also quite curious to see if out of solidarity maybe as some twitter employees who are keeping their jobs might leave on their own. is there a view for me where you are? yeah, and that all these moves that must is making or the right well,
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i guess drop for a time will tell it's it's too early at this point immediately. la musk himself already is said that a some company is some are pulling their ed said that this is hurting a revenue at this point. we have to see how far that goes. so what you must also is proposing is a monthly fee of from $8.00 for very follow to twitter account that's going to work also remains to be seen. and also if some triggers users actually are, might pull the block. so a lot of uncertainty at this point, but as you mentioned, twitter is not being traded here at the new york stock exchange. any more since you must talk. it took a private a good a week ago. the other stock of electron musk tesla still gets traded to. yeah. and that stock went down quite a bit to your on the friday session as so maybe investors are asking themselves if ellen mosque is getting
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a bit overwhelmed with all the tasks coming up to him or wis or twitter and also m his other endeavors. okay. and thoughts with the new york stock exchange for his thanks very much. staying in the u. s. and the latest jobs report shows a slight uptake in unemployment. american employers added $261000.00 jobs in october, which was more than analysts expected, but fewer than in september average wages also grew during the month. the figures, i guess, the nothing to com market fears about further federal reserve interest rates rises . the fed says is waiting for a cooling off in the jobs market before it considers pausing. it's hikes the latest, which came just this week. well, it's cost over to the states and speak to, to now, to milan who's in washington dc forest. janelle was the situation like for american workers at the moment in particular, american service workers. yes, well,
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it depends on where one is and the kind of a job that one does a vis. next report where we'll deal specifically with tip to workers. so meaning workers who don't make the minimum wage, but rather rely on tip saw to make up most of their income. now here in d. c, there's something called initiative $82.00, which is a ballot initiative that seeks to change that by mandating the minimum wage for such workers. it's not an uncomplicated discussion, as you will see. take a look tipping in institution of the american restaurant industry. but here in washington, d. c, a ballot initiative to enforce a minimum wage for tip workers has divided opinions. there are those in favor. it will add a lot of transparency to a system that's currently overwritten with which served and those against. if this initial were to pass, there would be a massive exodus of capital from the region. the initiative will be voted on in
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d. c. alongside the upcoming mid term election, this is a story about what it means to compensate labor fairly and who should really be responsible for that compensation. one side says the owner should be on employers, while the other side says, this is about affording tip that workers more control over how much they ultimately end up making. tipped workers currently get hourly base pay of at least $5.35. if workers don't get enough tips to make the full minimum wage of $16.10, then employers are required to make up the difference. but ballad propose or ryan o'leary says, tips should come on top of the minimum wage. you didn't get to keep all your tips already. so that means if you were, you know, at a restaurant right now and spend a $100.00 and leave and i'm expecting, let's say $20.00 on top. and you leave me nothing. i'm going to have to reach into my own wallet and pull out anywhere from $8.00 to $12.00 to give to the workers who
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supported what i did. but i'm certainly obligated to take some of my own money to compensate. you know, other workers who are making a sub minimum wage and making much less than me to that kaufman acknowledges that the restaurant business can be unfair, but doesn't think reducing dependence on tips. is the answer. it's not the only area where the opposing sides disagree. the impact to the restaurant business is another increasing front of the house, wages 300 percent would definitely make people question their current business models. people that are going to renew, leases may choose not to. there would be definitely massive job loss or at least a shift in the actual jobs that are done. and there would definitely be closures where businesses just wouldn't be able to operate anymore. in the end notes are about a vision of the future. but this ballot initiative is a revival of an earlier similar measure that was passed in 2018 that was overturned
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before it was enacted. and the american restaurant industry has been through a lot since then from pandemic induced closures. and now the pressures of inflation . it will soon be clear how this might change the initiative 2nd outing, but in any case, disputes are likely to be on the menu. as you can see, this is quite a new one's debate. very difficult, of course, to legislate according to the experience of every service worker here for what the pandemic did. teach us is that service workers are very important. they're very valuable and their jobs are not without risk. and it is important to treat them fairly the way the initiative is going, it looks like it will pass. there is widespread support for it, but the voice is opposing it are loud in their own right. will only really know. however, on tuesday, when the vote happens, alongside the mid term election to know them alone in washington for us. thank you
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very much. now let's take a look at some of the other global business stories making the news i was on is announced. it will temporarily stop hiring new employees for its corporate workforce. the e commerce giant says it's due to an uncertain and challenging economy is as the hiring freeze will remain in place, the next few months. and the jackpot in the u. s. powerball lottery has sought to a world record $1600000000.00. top prize has been steadily growing since the last time. so $11.00 in early august, saturday's draw will be the 40th since the jackpot was last class. german chancellor. allah schultz has become the 1st western leader to visit china. since the global pandemic took hold. germany is becoming increasingly wary of its biggest imports partner with ideological differences becoming ever clearer to see. the chancellor's visit showed that their trade relationship is likely to change. german
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chancellor, old schultz went to beijing for a day trip at a time in china is the subject of controversy in german politics even within the governing coalition. the visit came just days after decision to allow chinese state shipping company costco, to buy an almost 25 percent steak and a terminal at the port of hamburg. there are mountain concerns in germany of an ever growing commercial dependence on china. after reliance on russian energy caused unprecedented turmoil following russia's invasion of ukraine. shorts wants to increase economic ties with basing. but on the basis of equal treatment. for instance, what is clear for us is that we do not believe in ideas or decoupling from china. but it is also clear that that has something to do with economic ties as equals with reciprocity. and there must be equal access to investment and to be allowed to time listen. as part of the non decoupling of an equal level policy,
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sholtes announced an agreement to let ex patriots in china gain access to the cupboard 19 vaccine from germany's by on tech. and urged beijing to make the shot freely available to chinese citizens. more than 5000 german companies are operating in china, investing billions there. berlin wants to find a way to still work with china without compromising its values. not so from in the business team. ah. well, making the headlights and what's behind van d. w. news, africa. they show the issues have been the continent. life is slowly getting back to normal. yeah. we're on the streets to give you enough reports on the inside of
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our cars fund that was on the ground reporting from across the continent and all the trends stuff. the mazda you next on d, w with nothing is as it was, and is even said to be better. the oval astro, the original time automaker has completely revamped its most important model. we test the plugin hybrid version and give you the full report read. 60 minutes on d. w. with natural spectacle in an improved world.
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the meeting of the loom wheels, sharks, the remote island of san antonio, a testament to the quality of the islands waters. one of the many success stories from a bastion of biodiversity. st only starts november 18th on d. w with this is the w news, africa coming up on the program as the war in ethiopia. finally, over the war in parties are finding peace deal aimed that end in 2 years of civil war. we talk to a man on this to find out if the deal will hold and if the country kind of reconcile. oh, so a hed international conference on the climate.
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