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tv   Business - News  Deutsche Welle  January 5, 2023 10:15pm-10:31pm CET

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ah, so francis has presided over a funeral mass for his predecessor benedict, the 16th at the vatican of rome. thousands of the faithful attendant, the historic rec, me a map. benedict has been entered in a simple wooden coffin in the crept beneath the st. peter's filica. that's all for me for now. next. can the latest gadgets help? and the economic malaise daniel winter had more and business after the break. so stay tuned for that for me and the rest of the news. dave, thank you so much for a company today. she's got any issues with all say what grade
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level and share my welcome to my podcast. love matter. but i and life celebrities influences and experts to talk about all playing love back from day to india today . nothing less because all these things and more in the new season of the pot can make sure to tune and wherever you get your path and join the conversation. because you know it who love mattered. mm oh. after layoffs, shortages inflation come, the tech industry truck off the economic gloom. the cs tech conference is back. we'll speak to a correspondent who's that in las vegas. also coming up, the u. s. regulate proposals. the end of non compete clause is allowing workers to take that no how to competitors will get the view from new york and kashmir. has
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long been synonymous with fine cloth. but what does the future hold for families who produce the regions most famous fabrics? if that time again d w business, welcome, c s kicked off to day. the conferences tex 1st big event every year and influential gathering of thousands of exhibitors showing off their latest products. but big tech firms in the us and abroad have taken a hit lately as they struggle to cope with high inflation and roll back a binge of hiring during the pandemic. still this year, c. s is also a playground fall, the cutting edge on the corky of the tech world. self driving strollers and artificial intelligence. monitoring babies. digital applications penetrate our everyday lives in evermore ways. one big aspect of this expanding integration of
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tech into our lives is safety. and of course, the constant search for new horizons, for example, augmented reality links, the digital and analog worlds. these glasses would built in screens, promise users a better way of dealing with common problems. this is our step into the a our world and has a couple of very interesting functions like real time translation. so you can have a face to face conversation with me and even we don't speak the same language is automatically translates through subtitles. but these are difficult times. the biggest american tech companies took a hammering and 2022 stock market values plummeted. ad revenues dwindled, and investors have become picky. some experts believe vee or may provide a form of salvation. your. it's something that's gonna creep into our lie. it's but we're talking about in 510 years in a right now is just people are very into the are they love this products in the are
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trying all different things to live in this leg virtual world where they're not conflict in the same way. they are in the real world. and this is what the c e s is all about. envisioning the world of tomorrow and are lucky corresponds stuff on siemens is in las vegas with mall. i see should have a new popped up for us. that's very nice of you. c s is always full of new launches . i know, and it may be, could tell us a bit about what's managed to cut through the noise this year, and i guess you're sitting in one of them now. i know i say exactly, that's what i do. i'm sitting in a concept car developed in collaboration. let me get out of you on the without having my head developed by 31 engineers or time autonomy bill engineers from crimson university in south carolina with exxon mobil and honda. what is special about this? for example, is the 1st concept car, future concept car ever with actually having right chairs in mind and a ramp for people with disabilities. so that's what is that means for the overall
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picture, is it software meets hot, where and in a symbiotic relationship. every thing you can think of which has to do with transport or with cars is basically a super computer. now, example, sony for example, him teamed up with honda also and or we looked at this sir. it's basically a playstation on 4 wheels. of course everything e v, electrical vehicles, that's a top thing here. you mentioned in the report before, virtual reality v r, augmented reality and extended reality all of this mergers together. he and this is what stands out this year. due to any sense of the struggles that the tech industry is going through right now at the conference, because we've had layoffs in the industry, massive inflation, causing customers to put off tech purchases. what do you see? well, i would say no. this is, of course, the 1st, really in person,
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see as after the pandemic, without the necessity of wearing a mask. nobody's doing this anymore. and it is packed, and the interest is huge in, as i said, transport mobility, e v, electrical vehicles, augmented reality, virtual reality. the tech industry, you're absolutely right. amazon laying off thousands of people sales force, microsoft meta sucker, burke is actor, et cetera. they're all lane of people because of the uncertainty next year of the markets, right? nobody knows that recession fears, et cetera. here you don't feel any this consumers are interested in the latest tech, the latest sketches and where that's of course true also for industry insiders. where does it all go? where does it all lead to? what looks, what does look our future looked like? and what can technology do to really and hence, and better our lives, our societies and the world frankly. okay, so there's some optimism down in the conference flow, but i want to bring up meta again that you mentioned that last year there was
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a lot of bars around augmented and virtual reality products. and since then met her, which wanted to develop this virtual world of the met of us, it share price tanked despite bedding big on that. do you sense of as a shift in the mood away from that kind of tag? what people say not at all the industry itself is pushing and pushing hard for any thing met our verse, augmented reality, virtual reality, virtual reality devices, you can wear glasses and handsets and so on. the industry really thinks that this is the future. okay? customers of apparently have a little bit of a hard time to really embrace this. but, you know, give it another 235 years and who knows where we are, then maybe we're talking about the next big thing, but so far, med averse virtual reality in all the applications. real life application for studying for agriculture, autonomous driving tractors,
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who go on the field without the farmer driving that thing, sitting in the kitchen or milk in the cows in the bond, for example. so men of earth, virtual real the augmented reality. it's all, it's going to come. the industry wants it to come and i think it's going to happen . okay. and excited, stefan siemens there, who can hardly believe he's being paid for this. thank you very much for that stuff on that. let's take a quick look at some other global business stories making news. we heard it there from stefan e commerce giant. amazon says it will cut more than $18000.00 jobs from its workforce. it gave current economic uncertainty and rapid hiring for during the pandemic. as reasons for layoffs, some of the terminations will take place in europe. the company said, amazon announced 10000 job cuts. also, on top of that in november, the federal trade commission has proposed the banning of non compete clauses. the move would allow workers to take jobs at rival companies or start competing businesses without the threat of being sued by their former employers. the eft,
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he see says they clauses are exploitative and undermine fair competition. and he and scott has more in that story for us from new york. yes. why does the f t c c non compete causes a such a big issue in work as contracts? well, daniel, it has been a hot topic. our debate for quite some time. i mean, originally this non compete clause was thought for high paid high ranking executives so that they don't leave the company to a competitor for example, and then take a trade secrets with them. so those non compete agreement basically mean that after you leave the job, you'll contact in the same industry for depending on the contract 6 months or up to a year. but then actually more and more workers also in the lower payment segment and also got so those non compete clause, meaning that they, for a while,
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could not find a new job, could not start their own business. that is hindering and innovation. and that's where the f t a comes in, so the heat is on, so to speak. the chamber of commerce already threatened to, to challenge legally. and if the f t c really gets rid of this non compete part. so it is heated a topic. and at this moment, okay, and i'd like to take us back to the story of layoffs of amazon. why does this company feel that it needs to be off even more work? because often they already had a wave of layoffs in november? well, i mean, then, you know, we will talk about more companies in the near future who will come up with more layoff them as well, especially in the tech industry that industry, especially in the digital word word. we saw so much hiring and the year 2020, and 21 amazon alone and those 2 years higher around $800000.00. your workers
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doubling the workforce within 2 years. obviously amazon did a bit too much and then now we're getting a more challenging environment with the economic growth globally cooling. so therefore, amazon is cutting more workers than originally plant and quarter in new york. thank you very much. and moving on now to kashmir, the area is known for its fine cloth and carpets, but the industry there has struggled during the pandemic. now, the local government and artisans are teaming up to breathe new life into the industry in some rather innovative ways. dotted on either side of the scenic dull lake, are artisans, studios, and craft shops that radiate with the skill and talent of indians controlled kashmir. here tourists can browse through handmade carpets, bashed mina shawls and a wide variety of footwork. after 2 years of pandemic,
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stagnation shop owners are hoping for better seals in the months ahead. as we are putting will have been doing this work for the last 20 years, earning $5.00 a day. it's hard to sustain our families with this little amount pushed me, not making as a laborious profession, an entire family gets consumed with this work. despite putting so much efforts and hard work in the real benefit doesn't reach us. the middle men are making huge profits while we get paid only the days earnings, so local, okay. might, i spoke to what on your mom was through the door. and so the government introduced to kraft safari to promote these businesses, but bought to was a decline in the craft sector, could mean jeopardizing the jobs of over 200000 people who live in the area. it's a last ditch effort to revive the industry. many are keen to spread the word i say why not? because you know, people like us, whoever, certain regions,
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social media and people see us too old. the world we have were people who follow us for the work we do and we showcase cushion we'd arts graphs. and as we said that you know, the restock on you charles, we saw wood carving, we saw copper work. so we want doodle bring this essence of course move forward. and you're up to date with your dw business news. if you want more, you can always go to our website, d, w dot com slash business. from me, i'm the business team here in berlin. thanks for watching. ah, they all share a belief in peaceful coexistence, nbc st. george, near paris. this is nothing unusual. each of the world's major religions has its own place of worship. it's a unique place of exchange hosting many inter religious services. i
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