this is profit falls, sharp lever, says it's reluctant to take over at credit suisse is not to blame. and mechanical cooks in the canteen, meet the robot chef that could revolutionize how companies feed. there is a state of your business on what's in berlin. welcome to the program. the world bank is calling for better migration policies across the globe and its latest world development report. it says, there's an opportunity to make migration work better for both wealthy and low income countries. the report says that many industrialized countries are facing diminished populations and intensifying global competition for workers. while low income countries are expecting rapid population growth, adding pressure on young people to find jobs, the world bank is also pointed to the number of refugees tripling over the last decade with climate change threatening to feel more my question. well,

let's bring in savvy a direct or the co director of the world development report. so one of the authors of what we've just been hearing about and can i ask you, are governments failing to grasp the importance of migration to their economic futures? many countries are facing out huge demographic challenges. think about this, italy by the end of the century with have it's a population could by half spain by one 3rd. so the question of all these countries is, how are they going to find workers to actually take care of energy condition. but what's also interesting is that it's not only about rich countries, even meter income countries are facing similar challenges. countries like bo, gladish, india, mexico, turkey, tunisia, all have both rates that are below replacement levels. and so just called a migration becomes absolutely critical for countries to maintain their current levels of prosperity ought to advance in their developmental falls. but

nevertheless, in many countries, immigration is actually unpopular among the civil population. so how do governance go about making the case for bringing more people into society of ticket time like now when we have economic strife in so many places? well, one much star. he was bugs door, you know, a few months ago they were huge strikes and demonstration through france because of an extension of a retirement age by 2 years. but if you think about it, there would be a need for a much longer extension of a retirement age. is the demographic challenges i much addressed. you see when the pensions systems were established, there were on average $5.00 to $6.00 workers for each retiree. today got 2 and a half and it still going down. so maybe these are in poland fights that can help

basic debates on it. i can help with the debate from a different business. i'll just look at the number of the shortage of hattiesburg as a quasi. you once again without a issues that, that need to be, that was there's another set of facts go that one could start from which is already lives by medical doctor is from india, my kids economies to chose some georgia the guy who came to repair my ac the other day with your job, my cleaning, ladies from columbia. you know, it's been open wrong with you so many migrants while making a strong contribution for our daily lives. but do you not get the feeling that that argument isn't currently being one the argument in favor with the benefits of migration given you know, how populism has been i was take home in so many places in anti mike and rhetoric remains a big problem in so many countries is that all human being one of what

we have to do is to us. so we can now note all night, once i was saying, when my lunch break skills that out to match for the needs of the decision economy, everybody games, romance, registration country, the country origin. right? and that's what we see when people come with a, you know, nurses, the engineers or be, they're just, you know, specialized factory workers, congress. all right. i think the challenge is what do we do when people do not bring skills and how do we my charge now? this is a relatively small number of microns compared to a vast majority of it. but the reality has been extremely difficult to my heart and situations in a manner that is both effective and, and you may or debates about my question folks from the situations i'm from the difficulties in biology such sort of problems. so he had

a victim there from the world banks, world development report, you actually see an extended version of that interview on the d, v. d to we news each of channel and c dot com slash business. now moving on, the swiss banking giant u b. s. has reported a profit drop of 52 percent for the 1st quarter is due to higher expenses related to ongoing litigation in the us surrounding the supply market crisis according to the company. additionally, u. b. s was recently forced into taking over failing competitive credit suisse u b. s. is that it helps to complete the takeover deal before july. that $3000000000.00 deal was pushed through last month by the government, central bank and financial regulator. and it's actually discussed situation us further with hands pay to bern, calling from university of holland high thanks a lot for being with us. would you be us really rather not having to to handle the credit suisse take over the moment?

i think employees would prefer not to do so. i mean that would work and how to get back on a good track and a good track and their neighbor hasn't done his work. and now the get his work on that table. they really hate that. and although with regard to competition for you b, as you could say, to have less competition to switzerland. but on the other hand, this is a large bag as a global bank, so their competitors are not necessarily, it's what's a lot. so it leads to a lot of trouble inside the bank to get back on track with all the new employees coming over from credit space. and if the profits they can additionally get from this take over, will cover the last. we don't know at the moment it looks like a fair deal. the price of b s. price of so she has a with i was more or less read was before we heard from credit suisse the extent to which deposit is done withdrawing money just before the rescue. $70000000000.00 is taken out of credit suisse. we also heard from just recently our 1st republic as i

was saying, 100000000000 was withdrawn from them in the 3 months before that crisis was the actions taken by the authorities in switzerland and in the us enough to prevent it contagion that have almost so so, so worried about and for a much wider crisis to develop well, did you react very fast and was lots of strong decisions. so similarly for the moment that was not the question is how many more cases like that we will, will we get in this phase of increasing interest rates? it definitely lead to trouble at the balance sheet, all the bags. so are they able to react the same way again and again, and how many of this case we have to cope with that something we can see right now that might be some more cases? is that too many might get into trouble? and how close do you think we actually came to seeing credit suisse collapse. now that we see just how many, how much money was taken out by well, that's outside of you, but inside our safe, very close. because it's the only justification plus a harsh and very,

very speedy bear. so say that took to save credit suisse and get it and does the umbrella of u. b. s. otherwise, there would be much room for discussion. and there are some people criticize and use this decision for now. but actually we see from the price of b s. b s got more or less a fair deal. they don't really profit from that. ok, hands pay to burke off. thank you very much for speaking to us here on the to be a business pleasure now to some of the other global business stories making the news. netflix has announced plans to invest 2 and a half $1000000000.00 in south korea over the next 4 years or to produce korean t. v series movies and unscripted programming. this move doubles the amount. netflix is invested in the market since 2016 after a squid game is netflix as most watch series. in former care, c, restaurants in russia have reopened in moscow as ra sticks. the new owners say the

food will be the same as the former kasey man here, the 1st one opened shoes day, but dozens more expected to happen. next month, casey's parent company left russia after it, and they did ukraine last year. next, the rise of robo chef international catering company. aramark believes that mechanical cooks could revolutionize work, can teams around the world. and we've been to meet the bell in based start up. that's developing the tasty technology this past. this was not prepared by a human being. it was made by this cook and robert. it has been operating in the contin off an office complex in berlin for the past 2 weeks. orders are placed on a touch pet or wire and mobile app, and there's a variety of pasta dishes to choose from. a meal costs 8 euros 50. once payment is made to robert, start cooking the machine. mix of everything together, hits it up, and it's ready to eat in 5 minutes. ah,

i think it's fantastic. i'm very surprised about how tasty it is to take a transport. it really is good lunch dinner. those were slightly under cooked to let us know, but i think the machine can be fine tune this can be really compared to where they continue to it and it's freshly made. so i think it's even better because it's not, you know, boiling in this sab preparation of pants. a berlin bass taught up 8 me develop the robot. it's founder a manuel pollard worked at the delivery service. the massive shortage of skilled workers into catering fact or gave him the idea yes. in as again we see it as a way to supplement regular contin at lunch time. not to relieve some of the lower jennifers on what it would especially be useful at night or on the weekend when there's still a lot of demand so long. but the regular contin would be too expensive due to the number of employees it needs. and the amount of ingredients that have to be kept on hand and kept warm. as a result of the contents are frequently closed at these times. for the head of

german contin operator remark, see the bright future for the robot because of a shortage of workers. he ordered 5, robert straight away since the 1st one started cooking here is be receiving calls from across europe. as is today, he's old as the, the lack of skilled workers as a worldwide problem. we noticed it everywhere that we are just having more and more trouble finding well trained people or getting people to train for the job. the common lloyd you seated in spain in the czech republic as well as here take you from the public and other than that was the classic contain kitchen isn't going anywhere. they see the robot does help, not as competition, but still the chef is a bit uneasy. as mine, my cousins have once fail us, then my wish would be for the robots to stay in a support role and not do the cooking for us. it's important to me personally that we keep on cooking the way grandma did it and build on one box in the kitchen has all from a on the same hand. berlin, forehead over to d,

w dot com slash business. and we'll see ah, with

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passion and their dr. sports life every weekend on dw blue time, once again for a brain update. it's magic, it's kind of magic on because this orchestra called the brain continuously adapted itself. and so we ask a few astute questions. are we smarter swarms or usa glue? wouldn't causes monster waves, hope your full or your thoughts. however, we can control our thoughts, which makes us very power. came. we have to learn a lot and we do that through plane questions about the life of the

universe and kind of like a superpower. our series 40 to the answers almost everything this week on dw ah, you're watching the news live from berlin. joe biden asks us voters for, for more years in office. the u. s. president releases a campaign video formally announcing he will stand for a 2nd term in the 2024 election same he wants to finish the job. also coming up on the show. fresh clashes threatened to.