and the retired in tennis, dar, serena williams used her moment to on the red carpet to announce her 2nd pregnancy annual ball as a fundraiser for new york metropolitan museum of art. and i think we're going to see rianna right there. she was late by the way, there is that they said coming up next business with stephen beardsley. i'll be back tomorrow with more news in the day hope to see with come have a g, g t. v highlights you every week in your inbox, subscribe. now. how can you journalism help us in overcoming divisions? register now for the d. w global media for 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, overcoming divisions into vision for tomorrow's journalism. register now and join us for this discussion at the 16th edition of d. double use global media forum. 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 ground breaking in germany

looks to be a step in the right direction. blowing. 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 outs 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

yeah, yeah, my salary is going now with my son earn up. my bill is mine. i'll wait a bill more novels yet. he no longer water. it's not only health workers. teachers are also organized and 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, with them have to keep going to make the government lose any kind of situation is back benitez table. they need 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. 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 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 are now. i think they voices to those of the nurses and teachers saying enough is enough. and this is going all the way to the crown itself. he will parking attendance in west 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. vickie price is chief economic adviser at the center for economics and business research. she joins me now for more vicky before we get to the economics behind 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, so those some years of course have settled or are better than 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 work strikes and nurses try, 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, caught none of the schools. so just had an age abundance of age. people can send the kids there so they have to work from home rail, of course, which has been so destructive for a while and the strikes are beginning again this month,

which everybody had hoped out of in 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 who receive it, even though it might sole the temporary cost of living issue. which as we know has

been a very, very important part of why those demonstrations are out there. by 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 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, the 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,

there's something more need to give really to satisfy them. what we did 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 sholtes. and you commission president worthless. underline both on hand for the ceremony. the smart power fab will produce a $300.00 millimeter way for with applications and consumer electronics. a plans call for a production start in 3 years. you're points to increase its market share and computer to production to being stung by recent shortages and finney and 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, welcome to the show. where will the chips produce in this new facility go?

how they be used? cars, thanks for having road chips that continue produces are mostly use an automotive sector, but in every sector that be called politics. so e, mobility at large scale can think of fin turbines, etc. so everything that uses more power than a regular computer most probably has a chip of infinity 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. there are 1000 new jobs created in us. some have criticized that amount. is that not extreme to have such high subsidies for this? it is extreme, but it's a level playing field that we see globally on a global scale. it's even less funding that you would see on the, on effect in other areas. and also the calculation of 1000000 jobs created

not quite correct as every job to be created in the fact of union directly. we create roughly $6.00 to $8.00 more drops in the right of each not to talk about economic ecosystem at large. you see this, this factor in 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 re see otherwise of all industry and perspective the also to reach 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, i would call it not even production places really areas will 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 of. this is in the former east germany, which traditionally has not had as much industry as the former west germany. yeah, in fact microelectronics semi conduct industry was that the heart of industrial production inform y'all times already here in the area. and in the mid ninety's, the seen, huge settlements also picked by public financing of by the time siemens and mt, which are now in finance and global foundries. and they really try if the economy quote of, of the region, which is the very large area of recent think through. it's also other major cities and in saxony and this indeed, and really great driver of our economic growth in the past. yes,

if not decades. all right, that's frank, both 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 nonsmokers. 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 this. big tobacco has taken another addictive product wrapped it in shawnee packaging,

added sweet flavors to create a new generation of nicotine attics. the new rules require vape packaging to look for monsieur to call like bedding their sale in convenience stores. the l for 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 so as an overreach by the government. but many offices 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 sail table that you made that nervous my see reading the 1st 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,

that's our show. check us out a line you w dot com slash business. i'm student. there's every length figure. it's in every 2nd supermarket products. and in almost all baked goods pull more, we can't do without this valuable raw material, but it's plantations destroy a huge areas of wilderness. how can we cultivate paul moy awhile safeguarding the rain forests close up next on d, w. hello. well, come until february shell. do 7 percent, i promise here we have a show how to put when notes of fun for of hide down below you do it. you would have regression. we take you to some of africa. i know stories

because i do with the 77 percent with john d, w. mm. mm. what people have to say matters to us. m. that's why we listen to their stories reporter every weekend on d. w. and the oil palm is treasured by some for its high yield and easy cultivation. it's fruit is the source of one of the world's most important rule materials. but the palm oil boom comes as a cost. mano cultures destroy nature.