tv Business - News Deutsche Welle May 2, 2023 5:45pm-6:01pm CEST
5:45 pm
is at home, a groundbreaking in germany 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. could tensions 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 taking 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. it
5:46 pm
yeah, yeah, my salary is going now with my son or not. my bill is 19 . 0, i'll wait. be bill. 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, well, the government news in news does not good. you know, we'll some have to keep going to make the government lose any kind of situation is back. they need him to table, they need to use and to pay back what they owe. and you know, the national education union has called for 2 strikes in recent weeks, affecting 22000 schools. the action comes after the any you rejected,
5:47 pm
a payoff for the u. k. government is criticizing the labor actions saying they're not doing any good. it's incredibly disappointed that going to go on strike, strike still do not add any value. they only cause damage and particularly to those young people that you were talking about. other public sector workers are 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. it's so he will 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. vickie, before we get to the economics behind these labor actions, want to ask you as
5:48 pm
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 about i think 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 precious. 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, this is striking quite a lot of the london schools. so at a certain age above a certain age, people consent the kids there. so they have to work from home rail. of course, we should been so destructive for
5:49 pm
a while and this strikes are beginning again this month, which everybody had hoped out 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 all phrases of course, 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 game 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,
5:50 pm
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 a long period of austerity after the financial crisis. we had years of public sector in particular, public sector freeze in wages except some of the lower paid ones. and of course we had public sector freeze again during the covert 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 a 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,
5:51 pm
there's something more need to give really to satisfy them. what to leave it there for now? that's tricky. price. she's chief economic adviser at the centers of the center for economics and business research. thank you. seeing in europe, the german ship maker in finney on has broken ground and a new 5000000000 euro expansion is resident which answered olaf schultz. and you commission president worthless. underline 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 ships 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,
5:52 pm
welcome to the show. where will the chips produce in this new facility go? how they be used? cars, thanks for having me. well, the chips that video produces are mostly use an hour to motor sector, but in every sector of the b call politics. so e, mobility at large scale, you can think of fin turbines, etc. so everything that use a small power than a regular computer most probably has a chip of intention in it. ok, and we saw remember the semiconductor crunch of the past couple of years. now, part of the financing for at this facility is public funding to the tune of 1000000000 euros. that's roughly $1000000.00 euros per new job. there are 1000 jobs created in this. 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 the,
5:53 pm
on effect in other areas. and also the calculation of the 1000000 pro job created not quite correct as every job to be created in the face of union directly. we create roughly 6 to 8 more tropes in the vital reach, not to talk about economic ecosystem at large. you see this, this factory and other, other facilities that are in the region as helping you leverage further investment in the regions are fair to say, yes, that's a fair claim. i mean, we are the headquarter of european microelectronics right now already and to receive otherwise of all industry and respectively 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 it a lot of pressure? it is, as it is in economy of scale and your scale of production areas, i would call it not even production places really areas will count now in the
5:54 pm
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 what are these facilities, what are these businesses mean for the region? some of our viewers might not be aware of. this is in the former east germany, which traditionally has not had as much industry as the former west germany. yeah, in fact a microelectronics or semiconductor industry was at the heart of industrial production in former g r 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 empty, which are now in finan and global foundries. and they really wife, economic growth of, of the region, which is the very large area of threats. and that includes also other major cities in saxony. and this indeed, and really great try of our for our economic growth in the last years. if not the
5:55 pm
kids are, that's frank rosenberg director of silicon saxony. thank you very much. thanks to you. over to australia. now the country wants to extinguish v being the government announcing new rules to limit the use of ease. cigarettes, saying companies are marketing those vices to nonsmokers. 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 just another dodgy habit with candy names and sparkly packaging. cambra announce a set of rules to put a stopper on illegal e secrets. imports in rain in big tobacco, allowing vapors only as regulated pharmaceutical products. also, just like i did with liking, let's be very clear about this. big tobacco has taken another addictive product,
5:56 pm
wrapped it in shiny, packaging, added sweet flavors to create a new generation of nicotine addicts. the new rules require vey packaging to look for masula, coll, like batting 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 about why they saw as an overreach by the government. but many houses are actually welcome in the reform. adding that vapor has gotten out of hand find that like heats of your friend that they never actually spoke. so i feel like bathing came in 1st is like a cigarette, but now you sail table smoking bite, but never smoke cigarettes in the 1st place with easy to get vague on the way out. and traditional secrets already costing a fortune the government. he's hoping that australian smokers will now be left with just one affordable option. quitting for good. well,
5:57 pm
5:58 pm
a thing hopefully when send me one with the sound of the bills and get a when it comes to pay it way more couple for the v y d i to 3 from china. the manufacturer thinks of it to impress on the european, this is on the right track. reads with every journey is full of surprises. we've gone all out. you've used them one day and in the footsteps of the right people. i'm in your northernmost count,
5:59 pm
please. ah, for a time longer still very much alive, dw channels, your guy to the special thoughts in germany knew it recognizes where exactly it was fun. i learned a lot arts, culture history, all their d. w. travel extremely worth a visit. how can journalism help us in overcoming divisions, register now for the d, w global media from 2023 in bonn, germany and online and increasingly fragmented world with a growing number of voices, digitally amplified. we see where this clutter can lead what we really need,
6:00 pm
overcoming divisions into vision for tomorrow's journalism. register now and join us for this discussion at the 16th edition of d. w's global media forum. ah ah, ah, this is d, w. news live from bourbon sedans. warring factions agree to a new cease fire. south sudan says the sudanese army arrival paramilitaries. i've agreed in principle to a week long truth from the 4th of may. the violence was forced more than a 100000 people to flee the country also on the program.
25 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1342391711)