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tv   Business - News  Deutsche Welle  May 2, 2023 4:15pm-4:31pm CEST

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there was only despair at the cemetery and the audio among the discussion about the upcoming elections seems far away. saved ala john hopes that she and the small family she has left will have a future that they will get the real help they need. and not just empty promises during an election campaign. early on in turkey at situ, up today to have more world news at the top of the our favorite, beardsley. how's your business updates in just a month after day with imagine how many pollution floods thrown out in the world. climate change very often stores. this is my plan, the way from just one week. how much we can really get
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we still have time to go. i'm doing all with, with a b currently more people than ever on the move worldwide in such a better life as a committed god, that hello goes out. ashley does find out about rubinez stories info my grants. ah. good public pay tensions in the u. k. begin to cool off. a majority of unions covering nurses has agreed to a new pay package. but what about teachers, passport officers and others will take a look. also on our show, europe wants to produce more semiconductors at home. a groundbreaking in germany
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looks to be a step in the right direction. long. welcome to the show. i'm from beardsley in berlin. it's good to have you with us contentions be lowering in the u. k. after months of labor strikes, the british government said tuesday, we'll implement a new pay deal covering more than a $1000000.00 nurses. after a majority of unions voted for the offer. however, other nursing unions have rejected the deal. while teachers unions are talking about ratcheting up their walk out this year, with u. k. government resistant union demand so far it may look like it could be a busy month for strikers. hundreds of thousands of public sector workers have been taken part in strikes in recent weeks. with many more industrial actions plant, it's one of the strongest strike waves in the united kingdom. in decades. persistent, double digit inflation and back break and cost of living crisis continue to take a toll on the lives of millions, into u. k. bottom transport is more expensive. you
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can have my salary going now with my finger and on my bill is 19. 0, how wait, no more novels yet he no longer water. it's not only health workers. teachers are also organizing coordinated strikes as they seek to increase pressure on the government in a dispute overpay. oh, oh, well the government news in news does not good in idaho is going to, you know, with them have to keep going to make the government lose any kind of situation is back. they need him to table. they need to listen to pay back what they owe, you know, the national education union has called for 2 strikes in recent weeks, affecting 22000 schools. the action comes off to the any you rejected or pay offer
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. the u. k. government is criticizing the labor actions saying they're not doing any good. it's incredibly diff, disappointed that going to go on strike strikes to do not at any value. they only cause damage and particularly to those young people that you were talking about. other public sector workers, or now i think they was as to those of the nurses and teachers saying enough is enough and this is going all the way to the crown. so the one parking attendance and rest minister are set to strike this week, including on the day of the king's coronation on saturday, after a new pay offer was rejected. but the ceremony looks like it will be quite a spectacle no matter the circumstances. vicki price is chief economic adviser at the center for economics and business research. she joins me now for more vicky before we get into the economics behind
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these labor actions. want to ask you as a londoner who's been living through the strikes in recent weeks, do you have the impression that the intensity has been growing? we read here about the coordination amongst these unions. we see how many different sectors are coming out. what's your impression, what have you seen? yes, although some unions, of course, have settled or auditing the members to see whether some of the office that have been made are going to be acceptable or not. quite a lot of others are coming out and intensifying their pressures. so yes, in london you feel it. of course you hear the stories about the impact of the ambulance workers strikes and nurses strike, which is important. but then of course, you know, people who are looking after children not being able to send them to school today. for example, there's a striking caught none of the london schools. so an age of age, people consent, the kids that are having to work from home rail. of course we should been so
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destructive for a while. this strikes are beginning again this month, which everybody had hope that would have been the end. so i'm afraid. yes, life is interrupted and the impact on the economy, of course is quite significant as well. when we look at this in a just deal a one off payment of 2 percent of sellers this year, a 5 percent raise next year. is this a template for resolving further strikes? is this essentially what's being discussed is a collection of one off payments with raises. and what does that really mean for these workers? well, the one are phrases. cost means that it doesn't get consolidated into your wage bill for the government at any rate or for whichever department is to paid. which means therefore that their cost, when they increase their wages in the following year, are considerably less because the up to scan that you get is not from such a high level. so that's good news for those who are paying it, but not particularly good news for those to receive it, even though it might sole, the temporary cost of living issue. which as we know has been a very,
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very important part of why those demonstrations are out there. and why people are striking. so yes, nevertheless, i think we are going to see that type of offer being accepted more widely because frankly, there isn't very much else that is on offer. and we've got to bear in mind that the reason why it's so bad in the u. k, is that we've had this long period of austerity after the financial crisis. we had years of public sector in particular, public sector freeze in wages. except hamlin, some of the lower paid ones. and of course, we had public sector freeze again during the covey crisis. so whereas the private sector has been able to compensate a little bit more of the increase in cost of living for their employees. this is not been the case in the public sector and if you look at the longer term impact on wages, and that's why one particular union nurses union is sticking out for a better offer than the one you suggested is because there has been such a withdrawal if you like of spending power over such a long period of time,
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there's something more need to give really to satisfy them. what to leave it there for now. that's picky. price, she's chief economic adviser at the centers of the center for economics and business research. thank you. seeing in europe a german ship maker, infineon has broken ground and a new 5000000000 euro expansion is resident with transfer all of sholtes and you commission president wars lavon to line both on hand for the ceremony. the smart power fab will produce a 300 millimeter way for with applications and consumer electronics plans call for a production start in 3 years. your points to increase its market share and computer to production to being stung by recent shortages. if anyone is seeking 1000000000 euros and public financing, the expansion, in part from the use, new chips act front rosenberg is director of silicon saxony. that's an industry group that lobbies for the region as a hub for micro electronics and software. frank,
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welcome to the show. where will that ships produced in this new facility go? how they be used? cars, thanks for having road chips that venue produces are mostly use an automotive sector, but in every sector that be called politics. so e, mobility at large scale, you can think of fin turbines, etc. so everything that uses more power than a regular computer most probably has a chip of opinion in it. ok, and we saw remember the semiconductor crunch of the past couple of years. now, part of the financing for this facility is public funding to the tune of 1000000000 euros. that's roughly $1000000.00 euros per new job of their $1000.00 new jobs created in the us. some have criticized that amount is that not extreme to have such high subsidies for this it is extreme, but it's the level playing field that we see globally on a global scale. it's even less funding that you would see on effect in other areas
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. and also the calculation of 1000000 pro job created not quite correct as every job to be created in the face of union directly. we create roughly $6.00 to $8.00 more tropes in the right of each not to talk about economic ecosystem at large. you see this, this factory in other, other facilities that are in the region as helping you leverage further investment in the regions of fair to say yes, that's a fair claim. i mean, we are the headquarter of european microelectronics right now. all righty. and to re see otherwise of all industry and perspective the also to reach and in the upcoming. yes. can you talk about the pressure to secure that investment in a sector in which everyone is trying to get investment in semiconductors right now? is that a lot of pressure it is as it is an economy of scale and your scale of production areas,
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i would call it not even production plays. it's really obvious to count now in the future. and so the, the competition has started already and is wanting, and it's not a competition of sex and even other areas in germany. it's a competition of europe with the rest of to build one of these facilities. one of these businesses mean for the region, some of our viewers might not be aware. this is in the former east germany, which traditionally has not had as much industry as the former west germany. yeah, in fact microelectronics semiconductor industry was at the heart of industrial production inform y'all times already here in the area. and in the mid ninety's we have seen huge settlements, also backed by public financing of by the time siemens and mt, which are now in finance. and global foundries, and they really drive the economy, quote of, of the region, which is the very large abbey off race and includes also other major cities in sex any and this indeed, and really great driver of our economy quote in the past years, if not decades,
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alright, that's frank burton bag, director of silicon saxony. thank you very much. thank you. over to australia now the country wants to extinguish babying the government announcing new rules to limit the use of ease. cigarettes, saying companies are marketing those vices to non smokers. take a look, cherry blackberry lemon, pineapple ice. they're not ice cream flavors. they're vapor flavors. well now, australia wants to remind beek tobacco what e secrets were actually made for. helping people quit smoking, not entice them to pick up justin of a dodgy habit with candy names and sparkly packaging. cambra announce a set of rules to put a stopper on illegal e secrets, imports and rain in big tobacco, allowing vapor only as regulated pharmaceutical products. oh, i big just lot i did with fighting. let's be very clear about if big tobacco has
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taken another addictive product wrapped it in shiny, packaging, added sweet flavors to create a new generation of nicotine addicts. the new rules require fe, packaging to look for monsieur to call like bedding their sale in convenience stores. the elf ministry also plans to lower the allowed levels of nicotine an outright ban. all single use vase reactions from australians were mixed with some expressing discomfort. a bug while they so as an overreach by the government. but many houses are actually welcoming the reform, adding that vague being as gotten out of hand. although you find that like heats of your friend, that may never actually suppose. i feel like baby came in, this is like a cigarette, but now you sales people that you make that nevis my see with my with easy to get vague on the way out. and traditional secrets already costing a fortune. the government is hoping that australian smokers will now be left with just one affordable option. quitting for good. right,
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