apple apps stokes. that'll give you access to the latest news from around the world . just want us to push notifications. any breaking news. i set you up today. i'll have more. well yours at the top of the hour. daniel winter has your business updates in just about time. if you don't have a yet dw off, of course, you keep up to date on d, w dot com. i'm good. with into the today, this meets flying to a foreign planet. in the 16th century, it meant being a captain and setting sale to discover a route a race links to military interests,

a race linked to political and military prestige, but also linked to my financial and adventure full of hardships, dangers and death. magellan journey around the world starts january 19th on dw, enjoying the view, and come to take a look at this 3 the highlights every week in box subscribe. now. we're a after lay offs shortages, inflation, can the tech industry shrug off the economic gloom? the c e s tech conferences back, we'll speak to a correspondent who's that in las vegas. also coming up u. s. regulate, proposes the end of non compete clause is allowing workers to take then know how to

competitors will get the view from new york and kashmir. has long been synonymous with fine cloth, but what does the future hold for families who produce the regions most famous fabrics? it's that time again, d w business, welcome. c s kicked off today. 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 a pandemic still this year, c s is also a play ground for the cutting edge and the quality of the tech world. south driving strollers and artificial intelligence, monitoring babies. digital applications penetrate our everyday lives in ever more ways. one big aspect of this expanding integration of 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 if you don't speak the same language is automatically translate 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 the or may provide a form of salvation. your. it's something that's gonna creep into our lives, but we're talking about in 510 years in a row. now it's just, people are very into the are they love this products?

in the are trying all different things to live in dislike virtual world where they're not constricted in the same way they are in the real world. and this is what the c e s is all about. and visioning the world of tomorrow and are lucky corresponds to fun. siemens is in las vegas with more. i see that you've popped up for us. that's very nice of you see yes. is always full of new launches. hello. and maybe you 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 here 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

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 supercomputer. now, example, sony for example, 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, can 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 c. 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 inside us. 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

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 a way from that kind of tag. what people say not at all the industry itself is pushing and pushing hard for any thing. med are vers 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,

who go on the field without the farmer driving that thing, sitting in the kitchen or milk in the cows in the barn 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 stefan. now 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 fall 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 closes. 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 f t c

says they clauses are exploitative and undermine fair competition. and then 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 and work as contracts? well, daniel, it has been a hot topic, our debate for quite some time. i mean, originally this non compete, thought 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 6th month or up to a year. but then i'm 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,

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 at this moment. okay, 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 after 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 in the year 2020, and 21 amazon alone and those 2 years higher around $800000.00. your workers

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 plans 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 delake are artisan studios and ups that radiate with the skill and talent of indians controlled kashmir. here tourists can browse through handmade carpets bash mina shawls and a wide variety of footwork. after 2 years of pandemic, 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 locally, you might. i spoke to what i knew. mine was were 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 reach on 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 could meet ards crafts . and as we said that you know, the resort county shore, we saw wood carving, we saw copper work. so we want to bring this essence of christian moved forward. an added bonus to visitors can meet the artist behind the products and see how these items were made. the government and locals hope that these boats and the tourist they bring in will help the industries stay afloat. that's it's a dw business, thanks for watching into the conflict zone. the conflict in ukraine is only one of the was vladimir putin is fighting. who didn't chief target in russia has been like say, the bombing, my guess is weak in exile. and london is one of the valleys associate lab, email, a shortcut. the group is made me and shaming thousands of officials supporting the

ukraine for how far will that bend hooton's power conflict zone. next on d w, a major world a little bit better with t. these entrepreneurs i revise all traditions in their way with fair wages and organic quality, and as climate friendly as possible. t new ideas for a traditional drink. in 60 minutes on d w with devastated. how are we can with cars carry money, defects of climate change?

i've been felt worldwide before a station in the rain forest continued. carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact will they have? because change doesn't happen on its own. to make up your room, mind the w, late for mine's the conflict in ukraine is only one of the wars vladimir putin is fighting. at home, he's cracked down viciously on descend to the opposition. hooton's chief target in russia has been this man. i like say no bound me now in jail with exams the corruption foundation band and labeled extremist, they're calling on russians to do whatever they can.