the capital can do to the tourist destination for hotter in a flight, that usually takes half an hour. the bol is a popular duty destination for clambers and driggers, but it's airline industry has been heavily criticized for it's poor safety record. you're up to date on the w. news of next is business with janelle de milan, thanks for watching with a lender contrast of ambitions inequality 75 years ago. mahatma gandhi peacefully led the country to independence, full of ideals, what is remained of his vision? what's the status of human rights and social justice in what's called the world's largest democracy?

we see the ahead. it is the pulpit tour unleash on violet pass and re imagine that these teachings for relevance to us. gandhi's legacy starts january 28th on d, w. ah, the world economic forum opens it stores in davos, switzerland. we look at what's going on in the talk shop for the world's elite. and the idealists who hope to be part of the conversation. also on the show off, found says, extreme wealth has risen since the pandemic, but so as extreme poverty, we talk to them about their new report and portugal profits from pandemic. era production shake off as it steps in to fill in

a shortfall from asian manufacturers. this is the w business. i'm janelle de malott on welcome extreme wealth and extreme poverty have grown simultaneously for the 1st time in the last 25 years. that's according to oxfam, the charities report, survival of the richest is being presented at the world economic forum in davos. it shows that around 830000000 people. in other words, almost one in every 10 are facing hunger and starvation. but since $22042.00 trillion dollars worth of global wealth has been created, nearly 2 thirds of that has gone to the richest one percent of the world population . the remaining 3rd was shared by the 99 percent at the bottom. the total wealth of the billionaires worldwide has increased by an average of $2700000000.00 per day.

now charlotte becker is the advocacy and campaign, a director for oxfam, here in germany. welcome, charlotta. charlotta. tell us how did we get here? how is it that the rich are getting richer and the poor are increasing in number? yeah, thank you. i think most important is that still, you know, the fortunes have not increased because they are now to marta. all working hard at work and working harder for less pay and, and worth conditions. and that is because the economic system, it's rick this way. there are multiple drivers for the vast and equality and rise in extreme poverty. we can witness 1st when the cobra 900 and i'm a hit and that was already deeply on the equal world with public services that have been stripped. the service was largely benefit poor people and in particular, women and girls. second, the super rich were able to recover much faster from the initial shock of the panoramic back in march 2020. and right now at least 1700000000 work is live in

countries where inflation is outpacing wages. hundreds of millions of people unable to afford the cost of living. and 3rd, we witness a collapse of the tech station of the super rich with only $0.04 and every dollar of tax revenue is from wealth taxes. and we need economies that work for everyone, not the privilege you know. you have called for a systematic wealth tax you at oxfam. i mean, how does that look like? when a wealth tax for, for the richest corporations and individuals is key to reduce inequality. and there are multiple taxes that can be applied here, for example, winful tax on excessive profits than a systematic wealth tax that can be implemented over the years. so these are really important building blocks for a sara, taxation of the riches calling new pulse,

also for corporations and profit shifting of these corporations. and then what's really important is that the revenues from these tax us off invested in public services like health care or education. and one last thing here that i think it's really important tax cuts for the richest as we have seen in the past, or tax cuts for men because they are the majority of the rich investments in public service and turn benefit women and girls. if they are the more likely to work and be effective and rely on the services more. ok, so important to talk to the men. i'm going to remember that. so you've time the release of this report for the start of the world economic forum. nothing but this is the gathering of the global elite. how receptive do you think they are 2 messages of wealth and windfall taxes? yeah, for a few years now, inequality has made it unto the agenda of the world economic foreign. but the question is, what are politicians doing about that?

not necessarily the wealthy, but really politicians because it is their, their politic political decisions that they have to take. and what are they doing about the broken tax system? what are they doing about equality? what are they doing about storing public wealth and poverty? and are they willing to not only talk about it, but go ahead with both decision that benefit the 99 percent rather than the one percent at the top. we have seen 1000000000 as also calling for higher taxation because they also find it utterly unfair that they are paying less than ordinary people. have a market stall or the secretaries. so i think there is an openness, but really it's politicians that have to take the decisions. thank you very much. sure. lots of becker of ox from germany there for us. and you know, as we've been saying, the world's lead our convening for the annual world economic forum. besides the politicians and corporate bigwigs,

many delegates flocked to the west resort town looking to highlight social issues such as climate and hunger. manuela caspar claridge but some of them a short break of fun. the next meeting is starting soon. there the social entrepreneurs want to talk about inequality and they want to powerful, especially at dollars to pay attention. they are not coming to the ground enough. they're not listening enough and they need to listen, go on constantly, continuously because in the last little 3 years we have a so many challenges. we've seen co it. we've seen now that a shave greenwald, and the implications of that in the world economy. and every day the poorer suffering, it's the poor who suffer. and i think we need to listen to them of this group has come to the world economic forum at the invitation of the schwab foundation, the social entrepreneurs know what's going on in the world after all, they worked with women, young people, the elderly, or the pool these people don't,

don't have unorganized voice. so you may see the macroeconomic news on how the numbers affect the poorest. but when you are there working every day in slums, you can, you can notice that the situation is, is way worse than we imagine. these entrepreneurs are not interested in wrote to the top, and they are not looking for the fastest way of making lots of money. they want to use the companies to bring about change. this social entrepreneurship gives people an opportunity to not only get involved in a way that entrepreneurial, right, like a business, but also generate impact. and i actually think the generations now around the world are thinking about how can i do something that impacts the world, not just, how can i generate, how can i make money, but how can i do something that changed the world? their goals are participation, upgrade or distribution of wealth,

and more careful handling of natural resources in article dog once more. so where do you want to be in 10 years? back in dollars and probably in the position of power and making change in seeing the world which is much better in terms of climate, in terms of peace, in terms of inclusive decisions. hopefully it's much better than what it is right now. and in 10 years, we have a much younger leadership all across the globe. and also wanted to know why many of the social entrepreneurs are still getting used to the cold and the wind in dollars . even the snow is energizing them. oh, now to some of the other global business stories making news. former twitter employees were laid off after the company's acquisition by ellen musk will not be able to file a class action lawsuit. according to a new ruling by a u. s. court, those employees who accused the company of failing to give adequate notice will

pursue their claims. an individual arbitration added us has lost a court case to try to stop fashion designer tom brown. from using a 4 stripe design added us argued it was too similar to its own 3 stripes. the court says it was unlikely shoppers would confuse the browns, given the different number of stripes. global employment growth is expected to slow down sharply to one percent this year compared to 2 percent in 2022. it by the economic fall out of the war in ukraine and high inflation. that's according to the international labor organization. the number of unemployed people in the world is expected to rise by 3000000 to a total of 208000000. germany is not as enticing the business as it used to be. a study from the center for european economic research found germany as attractiveness as an investment location has fallen to 18th place among 21 industrial economies. the study says,

rising energy costs and labor shortages have compounded existing barriers. now, as the pandemic scrambled supply chains around the world, it caused disruption for global manufacturers. but it also created opportunities for less obvious players to step forward. companies that once turn to china for services or manufacturing have been taking their business to portugal. take a look. riding, cutting and sending for customers and friends, denmark in germany, even in the midst of an economic crisis. business booming at the olivera metal works in the hinterlands of portugal were in full moon, were important machines and other industrial goods from some regions in the world were difficult. during the pandemic. like the me, i think portugal has benefited, especially since asia couldn't deliver on all the orders of the shuttle usa 1st,

there was colbert, then rush, just worn ukraine in times of crisis. many european companies are restructuring their supply chains, putting a premium on proximity and political stability. that's why portugal is trending. then gets from the inner t n police sites, industrial production. it's the service and i t sector said have drawn attention. companies want to work with portuguese partners, the developing software here, some are even starting a portuguese subsidiary to do the work right here and figured germany car make a mercedes has just recently opened a new office here. and his employee over 380 experts. fellows is, gets thumped when we're making decisions when looking at the big picture. and that includes the availability of talent and the political framework of a country to lengthen on all the police to say at am and been moving. another

advantage of working in portugal relatively low wages compared to the rest of europe. but that could change as here to skilled workers are becoming harder to find. that's why the metal works hath just given raises to all workers. them when doesn't remember, the order books are full were being flooded. that of i didn't so our future looks pretty stable for bethesda, but there was a futile adams of young for a job security for workers and increased confidence for a country no longer willing to be just an industrial supplier. for 2023 economists are expecting solid growth for portugal, even in the midst the full with white crisis. and a reminder of the top business story we're following for you, this our, the world's egan on the elite, are descending on this west town of dallas. but even as the world economic forum holds its annual gathering, oxfam blasts of the current boom times for billionaires, for gain enormous wealth,

even as the number of people in poverty group. that's our show for more checkout data dot com slash business entity to lean, use youtube channel for also on facebook. thank you so much for watching. ah, e cal africa. they are hot commodities. phoebe chimpanzees are being illegally treated as peps and kidney and rangers. the upper niger national park are fed up. they want to raise awareness of the issue with a wide range of projects to protect to pansy. pico africa next on d w. ah,

what secrets lie behind these walls ah, discover new adventures in 360 degrees and explore fascinating world heritage sites d w world heritage 360. get the out now. ah . bill lifestyles of bo, then day people require a lot of energy to produce that energy. we've done incredible damage to nature and the environment, but it is possible to do things differently. welcome to a new edition of echo africa. i am chris a limbs integral state nigeria.