tv Business - News Deutsche Welle February 16, 2023 10:15pm-10:31pm CET
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how people can help you find you feel, make it in the future. and we will look forward to your daily updates from all of that right there from the red carpet in front of the burly mountain palace. thank you so much. alida barrow is off for me for now that stick around for business with stephen beardsley. he'll be taking a closer look at the conscious quitting article further from all of us here in the berlin news room. thank you so much for a company with of i was just rescuing the daughter from a farm this one this body globe with i found it like this and i couldn't just leave it there. i should meet. 2
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with this is such a great bird with it was so dirty that cleaning your turn the entire bathroom into a mess. this is the water birds 1st as well. but one of the most beautiful moments i've ever experienced at a true momentum with a donkey series about our complex relationship with animals. well, i think i will live long enough to witness the end of factory farming. the great eat debate this week on d. w were ah, tesla is told to recall almost $400000.00 vehicles over itself driving technology. car maker says it's making the fix via a simple software patch and doesn't like the word recall. also on the show here from the former ceo of unilever,
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warns that younger workers will leave companies that don't stand for something. i've seen beardsley in berlin. welcome to our show. tesla says it's recalling almost 363000 vehicles in the u. s. f to regulators said it's driver assistant system did not adequately adhere to traffic safety loss. the national highway traffic safety administration exhibit ministration, excuse me, saying the tesla software increases the risk of a crash because it allows vehicles to accede speed limits and drive in an unpredictable manner through intersections. tesla says it's unaware of any injuries or deaths caused by the system. it will release an over the air software update free of charge. the company said are right over the ins quarter now in new york for more. gens tesla says that this is just a software patch. did it get away lightly here considering that this is actually pretty large? recall a wild even don't call it
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a recall tesla fence and he low musk will not be wary. am happy because they are saying if you can have a software fix them just a wireless actually that you can't not really call it a recall. but clearly, i mean this a premium self, a driving a system comes with a price tech game. if i'm correct them in the amount of about to $15000.00 in mosque was promoting that premium version quite a bit in recent weeks. and so now there is this recall of the stock market by the way, reacted in a pretty, as strong a fashion strong meaning, a strong a downturn. the stock of tesla lost a good 5 percent in value, but that might not necessarily be because of the recall. the entire market got under pressure here in the afternoon a trading m. so a recall is not super unusual, but definitely also marketing wise. it is not helpful to have almost 400000
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electric vehicles effected here in the united states and canada. mark, it's been pretty rough on tesla lately. i had a very bad 20. 22. how's it looking so far this year? i mean, as stock price wise, sir, much better. i mean, in the 1st week, some of 2023. the stock was up by a good term 70 percent. when tesla reported earnings a couple of weeks ago, it was actually a brought a record, a revenue for the last year in moscow. so looking at roughly a $2000000.00 of vehicles that can be sold in this year and having that set a test also like other automakers to a came up with some a to or to lower prices. so that shows the to reach the sellers. i mean, you often it out of obviously have to be a bit more generous or with the price and that asserting a profit margin. so overall, a 23 so far has been much better than 22, but they are still challenges around also, as we see was the recall,
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even if we don't call it so don't call it a recall. yes. yes, quarter in new york. thank you. we go now to some of the other global business stories making headlines. demonstrators have marched through the streets of the french capital, paris for a 5th day of protest against controversial pension reforms. the measures which would raise the retirement age from $62.00 to $64.00 are the flagship policy of french president among wilma con. second term, the proposals have unleashed turbulent debate in france as national assembly strikes by german services. trade union verdes will bring most air traffic in germany to a standstill on friday. germany's busiest hubs, frankfurt and munich have called off all passenger flights for friday. the strike over stalled wage negotiations will also severely disrupt traffic at 5 other major airports. beijing has been to u. s. defense companies from trading with china over there,
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arms sales to taiwan. the commerce ministry added lockheed martin and raytheon to it's so called unreliable entity list. top executives will be banned from entering china and the companies will be fined. it's not clear, however, how china will enforce the funds. maybe you've heard of quiet quitting. while the former c e o of consumer products multinational unilever is warning companies now of conscious quitting. and paul pullman says younger employees want to work for companies that match their values and will quit those found lacking. his net positive organization has released a survey of workers between 18 and 41 in the u. s. and u. k. showing 2 thirds believe companies aren't doing enough about social challenges, nearly half said they would consider resigning from a company that doesn't match their values. paul pullman is former c e o of the multinational unilever and now writes about how businesses can positively contribute to society. paul, thanks for coming on the show. so younger generations want their businesses to make
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a more positive impact on society. how is that different from past generations of workers? one over seeing a big different steve and thanks for the opportunity that are contrary to many of the studies that are out there about employee satisfaction, talking about flexible work time or the installation of the gym or some other facilities. we do see now that the workforce is increasingly concerned about the future of the planet and society. in fact, 75 percent are rating this as their main concern equal to actually having a job and earning salary. but curiously, are increasingly we also see that they are seeing an gap emerging between what they expect companies to deliver in this area and what they're expecting from these companies. and what these companies are actually delivering. and then go is causing an enormous anxiety. and this is the thing we want to point out to companies because it is a ticking time bomb. one 3rd of the employees have already consciously quit or
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organizations because their values were not aligned with what they were looking for, and actually 50 percent off. the current workforce is considering leaving because they don't think the c e o is going fast enough. is ambitious enough or actually implement what they say. so that kind of a survey is a big and caught at the same time your survey shows that money is still a primary, if not the primary consideration for employees or values. just a nice to have when the money is there or did they really compete with money? oh steve, it's the same as anything. when you buy a product, let's say you leave or you buy one of our food products. of course it has to taste good and the price has to be competitive. but then all the other criteria kick in. and that's the same here. of course they want to get paid decently and, and have a roof above their head if you want to. but an equal levels are now to concerns for the planet and concerns for the fellow citizens. and actually they look at the
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companies in the weight of the companies address these challenges. and if the gap is simply too big in this tight labor market, especially for talent, there are many alternative choices. so for the ceo's, this is a ticking time bomb. one of the key drivers for change now, which we see increasing, increasing the merchant companies are actually the employees themselves. and they are constructive. they also know that the, whilst ambitions need to increase, they actually want to be better informed and understand what the company is doing. but they also want to be empowered to be part of the solution. so there's a positive lining to the store, right? but if the compos continue to neglect that the price could be high, you just mentioned the tight labor market. what happens when that labor market isn't so tight? and people frankly need jobs and employees, employers have their pick? what happens those values then will they still be maintained?
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while we are seen in many of the countries, mister demographic says they are, i'm calling you here from london. 65 percent of the companies report in london right now that they can get that them and they're looking for. and the numbers frankly, are not different and many other places. and it's not only the attraction of employees that we're talking here about. that's actually the motivation of employees and if they see these companies don't perform or if the gap is becoming too big for us is what is being done versus what is being needed than many of yahoo employees that you need to succeed into increasingly challenge? well, we'll be looking for options of the alternative looking for alternatives elsewhere, and that's a ticking time bomb, i believe, for every seo, this issue of conscious quitting that we haven't seen at this level. and as you rightfully pointed out in the beginning, the levels of anxiety in this respect are actually increasing from the general population and the baby boomers to which we belong to the millennials and even
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higher in the gen cease or one of the largest investors in your former company, unilever has complained that it's fixated on purpose and values instead of improving performance. it's not your company anymore, of course. but, you know, leave his focus on sustainability began really under your watch. what do you say to these claims that his focus on values actually distracts from more important bottom line considerations? well, i think that the base has been laid to rest. and i think a lot of people are re, re housing old tapes if you want to. increasingly, we have the evidence that if companies operate more responsibly or more aggressively attacking the issues of climate change, treating their employees better, having a more diverse workforce, having the stronger purpose of why they are in business, which issues they positively want to address. these companies are more likely to attract the talent has better and more robust relationships and the value chain,
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better anchors in their communities, being more innovative. and ultimately that is increasing the translating itself into better results. you see it in the financial market equally, where we now have over any trillion dollars of money on the management. calling for companies to the cow are nice portfolios to be more responsible. we see d. s g investments growing, despite what is happening out there. so that train has left the station. what we should not confuse here is that the, in the, the purpose models already being more sustainable business models itself still require you to operate as discipline to invest behind your brands. to hire the right people, put the right organizational structure in place. during my tenure in unilever, which was 10 years we outperformed our competitors, we had a 300 percent shareholder. we done. and every year we had top and bottom line growth. so not only did we become one of the most sustainable companies in the world,
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we also showed that it was actually in the best interests of the longer term shareholders as well. all right, that's paul pullman, former c e o of unilever. thank you very much for joining us. and you stayed appreciated. his reminder, our top story. tesla says it's recalling almost 363000 vehicles in the u. s. i have to regulators said his driver assistance system did not adequately adhere to trip traffic safety laws. the car baker says it will release an over the air software update free of charge. that's it. from the dw business team checks out align dot com slash business washer. in turkey, people are not only morning, they're dead, they're in shock. the said fail to prevent the catastrophe. because of shiny construction, everything lies in ruins. for syrian refugees who have come here seeking
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safety, the future looks equally. bleed focused on europe. next on d, w. in good shape these other typical fine for analogy, but what exactly is the party doing and why? we clarify, if you can prevent symptoms, and which therapies actually help in good shape. in 60 minutes on d, w o t journalism filters and overcoming divisions. save the date for the d.
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w. global media forum 2023 in bonn, germany and increasingly fragmented world with a growing number of voices, digitally amplified. we see where this clutter with what we really need coming divisions into vision for tomorrow's journalism. save the date and join us for this discussion. at the 16th edition of d, w. c. global media forum. ah, ah, ah, ah, this is focus on europe. i'm laura baba lola, welcome to the show. the earthquakes in turkey and syria have left.
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