tv Business - News Deutsche Welle December 21, 2022 11:15am-11:31am CET
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fans swapping the planned open top bus parade for a helicopter fly. just reminder at the top story we're following for you this hour. allotted meal zaleski has confirmed media reports that he's on his way to the united states. the ukranian presence expected to meet with us president joe biden, and to address congress, it will be his 1st foreign trip since the russian invasion you're watching dw nos stephen beardsley is here with business next. i'm terry martin. like to watch people in trucks injured when trying to flee the city center and more refugees are being turned away and the board families flane's on the taxi, sirius of the credit, going this way against me. straight people fleeing extreme around. so rough getting
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200 people has sunk in the gmc around the world. more than 300000000 people are seeking refuge. we ask why? because no one should have to flee. to make up your own mind. d. w. for mines. sometimes the big cities shall rise out at u. s. t. the highlights. fresh new in the book and free week. not to not ah, i'm steven beardsley in berlin. here's a look at our top stories, nurses and ambulance drivers in the u. k. strike for better pay and threatened to bring the health care system. there's way stands still. we'll look at how inflation has gutted wages across the country. retailers hope for big holiday sales and brace
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will returns. what happens to that unwanted gift when it back store blown welcome to the show. thousands of british ambulance drivers were expected to walk off the job wednesday, joining an estimated 10000 nurses who began striking the day before and adding to the unprecedented pressure on the british health care system. unions point out that record inflation has eaten into employ wages. for nurses that's made an already difficult job, even harder. emily laid shes one of thousands of nurses in london who was going on strike for the 1st time in her life. her demands school way beyond higher wages and height of covenant, working at the understaffed, you know, and got many colleagues, her mental health is suffering. patients are suffering and i want to see a change is sent him and shared by her colleagues who've walked out of saint thomas hospital. the union, the royal college of nursing,
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is calling for better pay it once wages to be raised, 5 percent above retail inflation. that would amount to a 19 percent hike. the nurses union also want the government to fill a record number of staff, vacancies, $50000.00 in total. it says you don't go into nursing for the money. get me guarantee, kathy or patients, i feel i are all at right employed. it's a similar situation across britain. here in liverpool nurses say they are overworked and underpaid, but recession had britain can not afford to match the nurses unions demands. the government says previously, i'm on a nurses wage. if you wanted to south, it looks, race. you would work about shift all over time. i thought now that have its way part shifts and oversight just to me and me and it's fairly difficult. people are not managing, we've got a food bank set up in our job places and all the staff members that happened to
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that existing to feed the families love. it's not enough. it's not a back in london, ordinary car drivers are honking. to show support for the nurses demands for better pay when inflation is factored in. real wages for nurses dropped 1.2 percent annually between 20102017. according to the u. k. base charity health foundation. nurses are unlikely to drop their demands amid the ongoing cost of living crisis. dickie price is chief economic adviser for the center for economics and business research and london are. vickie, thanks for joining the show. i'm struck by the nurse we just heard was heard, who said that the shifts she wants worked to have more pocket cash for luxury items
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or whatever she wanted to buy. she now needs to work them just to get by. is this becoming a more typical story? across the u. k. what it is and what we seeing, of course, that inflation like in other countries, has increased out of sort of anyone's expectations pocket because of course, the war in ukraine and wages have not kept up with that. and what's going on, of course, across the economy is that a real house with disposable income are declining the declining but something like 2.7 percent. if you look at wages themselves. so this when the one hand you go, these are the costs and tax increases that everyone is suffering from at present. but you've also got cost a wage is not keeping up with inflation. if you look particularly in the public sector, which is in a where of course the nurses that we just heard work for. and what you've seen is that they have like behind the private sector itself. so they've been rising for something like 2.7 to point 9 percent over the last year. or when inflation of
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course is over 10 percent. the private sector is done slightly better. what we're seeing there is that they're getting increases of over 6 percent. still not enough of cost to make up for that gap in, in real earnings. but nevertheless, there is a gap between private and public sector which has been increasing recently. and is one of the largest that we have seen in ages of a give also read somewhere that you care still suffering from the great recession that occurred more than a decade ago. would you say that's true, especially when you look at these public sector wages? well yes, i mean we, we had the financial crisis and of course you k was affected by that quite significantly by comparison to other countries, given very strong financial sector that we had and still have actually what it had meant. of course, in terms of what the government did to rectify for like a situation was enter into big austerity program. that was there to program. through the decade i followed meant that a lot of spending on public services was cut in real terms and we are suffering in
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the national health service right now from those cuts. so it is an issue, and of course the pay is not kept up with inflation anyway during that period when those cuts were taking place. and that's one of the grievances if you like that. but it to work is now have that they have fallen. so behind that the increases they're asking for now, which look unmanageable by government are to make up for all the nurses have had all these years. to what extent, if any, is briggs? it also playing a role in these crises that we're seeing when it comes to wages when it comes to arising prices. oh, that's interesting because it has affected different sectors in different ways. so if you look at the economy across the whole sort of area where particularly you work is where very important. what you find is that there are sectors which have suffered quite significantly because of the exit, if you like, of people who were part of the labor force but decided partly after covered. but
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also because it breaks it not to come back or now find it difficult to get back and work in the u. k. so that was be done in the sector retail, wholesale, quite a large part of construction in london in particular, was manned by e workers. that has been a source of ass shortages if you like, which have been seen both in the private sector. the areas that i mentioned, but also in the public sector, nurses, for example. so we have had a conditions get worse for the energy because not only do you have an increased demand because of coverage through and everything else we've seen in the last few months. the last couple of years, but also you have a shortage of people, which means that working conditions for the nurses and everyone who works in the national service have worse. and also they claim and is part of what they're asking for. they want to change in the way in which, you know, everything is organized, but you want to ask primitive to richness. we're not saying that the best way to
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help nurses and everyone else is to reduce inflation as quickly as possible. you also said that inflation will make people poor in the long run. that's not true, but what policy options does downing street really have to address briefly if you can? yes. well they, they could raise taxes in those ways and, and pay for more of those to increase it. but it's absolutely true that inflation is an issue and needs to be dealt with. and, and people are feeling quite a much poorer because of what's going on. and we've seen that they have been keeping up spending, but just deeper into their savings. so that's a problem. there's no doubt that inflation is, is bad news. but in terms of nurses and the public sector, in particular, you could raise their, their salaries without having a direct impact on inflation. because you're not going to increase the cost of the energy has to individuals. so you can raise your prices is not as if you're talking about other parts of the economy, where perhaps, you know, but the producers could of pass it all on to the consumers a, in
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a public sector. yes. so the wage farrell coming from the public service increases in, in, in that pay is likely to be a lot less than in the privacy except in areas like grave strikes. for example, the railway workers where you could in fact see transports as go up. but overall, they're much less inflationary that would otherwise be the case while to leave it there. for now, vicki price center for economics, a business research in london. thank you very much. you and we go now to some of the other global business stories making headlines. $100000.00 i t specialists have left russia this year. that's according to the minister for digital development in moscow. the started the war in february and the mobilization in september, each triggered waves of departures. the majority have led to neighboring countries including georgia, romania, and cars. extend to avoid the draft. us regulators have ordered banking giant wells fargo to pay $3700000000.00 in fines and customer refunds. it's the largest
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fine. the consumer finance regulator has ever slap on a bank. wells fargo has spent years dealing with the series of scandals tied to its sales practices. my twitter, c, e o u r must says that he will step down from his position as soon as he finds replacement, or in his words, someone foolish enough to take on the job. a majority respondents to which would pull posted by mosque said that the billionaire c e o should hit the road. was the holiday season here and across much of the world for retailers, that means big sales, hopefully. but also returns and refunds and exchanges are nothing new for many businesses. but online retail has changed the way that many people shop and in turn, the way they return. what is wrong with this washing machine, or these mattresses, or any of these large furniture items? well, that's objective. all these items were returned by customers and sent to this huge
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storage facility in the german city of lune. by just one online retailer. it turns out online shoppers have all sorts of reasons for returning purchases on corner of order. i'm or one customer wanted to order a freezer, but accidentally ordered 4. so 3 of them were sent back. that's one example. a product worth or large tv screen. some customers ordered them without realizing how big they really are. and then they find out they don't have enough room by the gun forester. every return, no matter how big or heavy has to be unwrapped and checked, was there any damage, either any dense or scratches, or most returned goods can be re sold. online furniture store, home 24 has opened showrooms, where customers can sit down and get a feel for the product before buying it. and the machine is then i find it difficult when you're at home in your living room and,
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and you just looking at furniture on a computer screen. it's hard to imagine what the pieces really like. sometimes you just like to see it before you buy it. and i think, and i'm shown at home 247 percent of all purchases are returned. that's pretty good. says the company for fashion retail as it can be up to a half of all items, a major problem and not just for cost about he now's is not who is out there. there's also environmental side to the equation, but very important each return as a carbon footprint. we have to pick up everything and wrap and pack it up up. i have to move goods for them. and by and large number of in this return facility in luna has been sent back less furniture since the company started sending fabric samples before customers ordered online. the firm is also working with manufacturers and advise you on changes to packaging, to prevent damage. while the holiday season will keep them busy, they are hoping for fuel returns next year. here's
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a reminder of our top business story. thousands of british ambulance drivers were expected to walk off the job wednesday, joining an estimated 10000 nurses who began striking the day before and adding to be unprecedented pressure on the british health care system. unions point out the record, inflation has even into employee wages. that's it for me and visiting here in berlin. we'll be back later with more headlines. in the meantime. check us out on youtube. we're under the deed of news channels. you can also find us online, b, w dot com slash business, which watching from public favorites to feed greetings. success is a moral dilemma. will do what should happen to the animal when space will species appropriate husbandry is becoming increasingly scary and taboo. subjects
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wise news, some times kill kluso. mm. next on dw, we've got some hot tips for your bucket list. romantic corner chat. hot spot for food, and some great cultural memorials to boot d w, travel. off we go. in february 2014, copenhagen soon decided it could no longer accommodate registry. number 44345, marius. his jeans were too similar to those of other mill traps already in the breeding.
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