tv Business - News Deutsche Welle January 19, 2023 4:15am-4:31am CET
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this song went on to become a global hit, stopping the chance in germany on new zealand, even reaching number 2 with the us. and it's the german version that is enjoyed in the hearts and minds of fans. and now to day 40 years on songs, message and relevance, it may just strong as ever. mm. me leave you that musical note business is up next and of course d, w dot com with all the latest news and analysis, i'm told me or logical. thanks for watching. ah, the moment of contrasts, of ambitions of inequality. 75 years ago mahatma gandhi peacefully led the country to independence,
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full of ideals. what is remained of his vision with what the status of human rights and social justice in what's called the world's largest democracy? willie c. d, a headed this is the pulpit to unleash a non violent pass. and re imagine these teachings for relevance to gandhi's legacy starts january 28th on d, w. ah, microsoft joins the wave of tech companies cutting jobs. it points this offering demand for cloud computing. we'll look at how tech workers are coping with a series of layoffs from the sectors biggest companies. also on our show, german oil and gas firm winters hall day consequence in russia and forces parent
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company b, a s f to take a huge ride off. and private aerospace firm space x launches the new gps navigation satellite into orbit for the u. s. military. europe is watching closely. i'm seeing beardley in berlin. welcome to our show. and we began in the us where microsoft has announced it will lay off $10000.00 employees. as the software maker reacts, we weakening global enemy as was falling demand for its cloud computing services. are the cuts represent around 5, represent around 5 percent of the company's total workforce. microsoft is just the latest tech company to trim its head count. amazon just announce a new wave of job cuts affecting more than 18000 people. the company had already begun laying off employees in november or let's talk to teddy austro in new york for more teddy. the wall street journal recently said that this was a rich session. that is, they said it was
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a recession in the sense that it's mostly affecting tech companies who have a more well paid workers. and it is not really hitting much more a many other sectors. and to what extent is that true, we look at these are these cuts that we're seeing with amazon in microsoft? is this really a kind of rich session? well, the tech sector is certainly getting hit much, much harder the others and really to provide context to this. right. we have to go back to the beginning of the pandemic. and we saw 2 years of just explosive growth fuel by low interest rates, lots of investment, fat profit margins going towards wall street. and we saw these tech companies just expand hugely, and amazon doubled its workforce from 6 about 800-0021 point 6000000. microsoft increased its workforce 550000 of course came the bus. the threat of
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inflation is rising interest rates. and of course, the fear of recession now with the bus came lay off. so we see amazon laying off 18000 workers, microsoft, 10000. but really it's not only well paying workers. we are seeing some others get caught in the crossfire. for example, janitor's at twitter we saw recently get laid off as well. when we look at some of these engineers, for example, developers, these high pay jobs that are being cut right now. what does it mean for them? are these positions that are actually in high demand around the world right now? well, actually we are seeing that they're not doing as badly as you may expect. surveys are showing that close to 80 percent of these tech workers are finding new jobs within 3 months. so that's pretty good, it's a little bit worse than other sectors. many workers are finding jobs a little bit more quickly, but really what we're seeing is some big names doing these hiring freezes, laying off workers like meta,
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but across the economy. there are tons of vacancies for jobs, almost double the amount of the workers. but really there are some workers who are more vulnerable than others. for example, there's a lot of foreign workers who come to the u. s. to work in the tech sector. they are going to have trouble with their visa for their residential status. so not everyone is getting affected by these layoffs evenly. alright, the city austria taken us through those tech layoffs and very much we go now to some other global business stories, making headlines. new car registrations fell across europe for 2022. with just over 9000000 new vehicles taking the road. almost 5 percent less than in the previous year. and that's after some government subsidies for e cars and hybrid plugins. ran out. and car makers had slowed up production due to supply chain problems. black panther, what contra forever is the 1st marble film to screen in china after a 4 year ban. the number of foreign films allowed china is already restricted,
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but the communist parties propaganda department has stepped up censorship. amid worsening tensions with the u. s. marvels parent disney had in the past, refused to censor content to please chinese authorities. german gas and energy giant winter's hall dia is fully exiting. it's russian operations. forcing its parent company chemical group b a s f to write off 7300000000 euros. almost one year after russia's invasion of ukraine and facing multiple embargoes, the company does not see a viable option to keep the business. they're going said in a press statement. alright, o'clcok over joins me for more. she focuses on european energy security for the atlantic council. oh, good, good to have you on the show. and we saw at the beginning of russia's war and ukraine that some oil, major, larger companies, immediately cut ties. others waited a bit longer. what took this company is german company winters whole day at so long
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in deciding to come out of russia, such a huge decision is never going to be lead by just one factor. so in this case, it was, of course, a combination of economic drivers. russia is not doing itself any favors by the way, it's treating the it's western partners that are still there. the western company that are still invested in some of these projects who haven't left creating additional volatility uncertainty. so the companies who are still left are in this tough spot where they've waited this long to leave. and we're almost hitting a year anniversary of this horrendous, brutal war. and of course, this economic, these economic changes, these regulatory changes have pushed some of these companies over the edge. the russia has essentially expropriated or winters, whole property, which is something the company we obviously hoping to avoid. but was there any realistic hope of the company getting out of this deal while still maintaining some
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of these are some of its resources, not losing all of these investments? look, any deals right now with russia are toxic and are very likely to end at a loss and that, that is a tough reality at the companies are facing my now. and that's why these choices to leave for are so difficult for these companies. but they, a lot of them did the right thing and left right away as brutal war kicked off, of course, looking into the future and looking some of these companies are facing out on how they're leaving to soften the blow or minimize the losses. but in any case, it's not going to be cheap, it's going to be ugly. but in the end, it is the right thing to do it. it will be worth it, and it will help these companies reputations. in the long term, this kind of companies, energy companies are active around the world and not just in nice countries. is this teaching them something about how they deal with working in these difficult regions? i think a couple of things. so, diversification,
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making sure that all of your eggs are not in one basket out 3 year investments, but also to buy for cation in terms of not just oil and gas, going into the low carbon solutions and sectors. and of course, assessing your job political risks. we see how closely those are intervened with all of the business of operations across the world. and not just in russia, of course, are in different levels depending on the countries that we're looking at. just be thinking, being a few steps ahead and assessing those rates and thinking ok, well in this country is moving forward with such actions and their risks. what does that mean for our employees? what does that mean for our investments and how not waiting till perhaps last minute or being reactive or waiting a year later to make those changes. all right, that's orac over with the atlanta council. thank you. thank you so much. shifting gears a little bit, the private aerospace firm space x has launched
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a new g p. s navigation satellite into orbit for the u. s. military on wednesday. it's already it's 2nd national security space. launch of the year of the payload was the g. p. s 3 s v 06 rules right off the tongue. that's the 6 of the newest g p s 3 satellites. and that's part of a constellation run by the u. s. space force of the satellites provide positioning for military as well as civilian users. space acts, of course a prime example of successful successful private investment space technology working closely with nasa of the european space agency or e. s. a is watching closely speaking at davos the other day. as a director general use of osh barker said that europe has all the talented needs for private space sector from engineers to science as to smart entrepreneurs. but the one key factor is missing. take a look. the europe is week is sir, in access to money, access to funding for space projects and space programs from the private sector
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from companies. but also in this beat in the us, sir, or there's much more risk de king and people are usually going much faster in the development cycle. and this is something i would like to improve fossa jobs are both speed and access to funding for young and to per nurse or start up. see and company is, this is something i really would like to build up for the commercialization of space where there was years of ash walker, head of the european space agency over to south america. now argentina has been suffering from drought for years, but things are steadily getting worse. farmers are still planting crops and trying to raise cattle. but harvests are down to their lowest levels ever. of sealed, and alice see sir, not far from argentina's capital boners iris corn used to stand here 2 meters high, but that was a long time ago. for years. the area has seen very little rainfall. the river has dried up and the soil was absolutely dry. farmers have still been planting for the season, but there's 0 chance that they will harvest anything here,
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which is not sure, i say, righty of may say much, and if it hasn't rained for several months, we lost practically all the winter crossley, your, we lost the barley crops 0, we lost the wheat or 3. we lost the lagoon that are sewn in winter, such as vetch and well all the summer. crummy soy wearing a thorn historic. hm. and sunflower were so much later than they are normally sown in let them watch on my thought of the lucky thing. alignment of his here. murder. well, initially, authorities were expecting a harvest of almost 20000000 tons of soybeans. and the countries once fertile, central plains, that number has now been haft, and expectations are dropping every day. it's affecting cattle producers to dest, not enough feet for them. thousands of cows are set to half died due to the drought . b, e. them had an idea about life stark. you can project anything forward because there
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is no grassy and there is no pasture. there is nothing in a climate is forcing us to downsize, to reduce the number of animals and because we have no way to feed them anymore for my allow for math and book. what's devastating to farmers is also threatening argentina's economy. grain exports alone, well worth $43000000000.00 last season at drop off up to 33 percent. it's expected starving. the country of much needed income and that's it for our show will be back later with more in the meantime. check us out aligned the w dot com slash business conflicts with tim sebastian, it's almost a year since russia invaded ukraine with no pistole. so a ceasefire. of any kind in cross path, my guess is we must go is can meet with former army officer and former director of the con, the moscow center,
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which was shut down la said boot. why did moscow go to war? just as the west had begun the dialogue who tended been demanding conflict with departure into the unknown. to day. this means flying to a foreign planet. in the 16th century, it meant being a captain and setting sail to discover a route and adventure full of hardships, dangers and death. magellan journey around the world in 45 minutes on d, w. o. o 2,
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what people have to say matters to us. i am, that's why we listened to their stories. reporter every weekend on d w. these places in europe are smashing the records, stepped into a bold adventure. it's the treasure map for modern globetrotters. discover some of you will record breaking sites on your back youtube and now also in book form it's almost a year since russia invaded ukraine with no peace talks or cease fire of any kind in prospect. and yet, president putin insist the war is showing a positive trend. my guest this week for moscow is dimitri trending former army officer and former director of the carnegie moscow center, which was shut.
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