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tv   Business - News  Deutsche Welle  May 3, 2023 1:15am-1:31am CEST

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they will travel in a 260 year old gold state court like the late queen elizabeth the 2nd. like until then these dedicated royal friends are going novia coming up next, a deal for public workers raises, hopes of an end to strikes and britain at some business with steve bids, the next we more world news at the top of the are of course you can get more news website d w dot com. i am told me on medical leave with us with guardians of truth. my name is john dinner and i have paid almost every price of being a journalist in a country like turkey. taking on the powers that be they risk everything.
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john dunder asks activists, journalists and politicians, living in exile too much on my shoulders. but i have to hold this weight because i'm responsible for the future of our country for the people who are behind the past. they look for their mission. people need to know what is happening there in our series guardians of truth watch now on youtube. d. w documentary. ah 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 so busy in berlin is 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 outs this year. with u. k. government resistant union demand so far may looks like it could be a busy month for strikers. hundreds of thousands of public sector workers have been taking part in strikes and recent weeks. with many more industrial actions plant. it's one of the strongest trite 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
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yeah, yeah, my salary. okay. now, nice and are not my bill is and then 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 oh, well the government news in news does not good enough because he's new to new. oh, listen. have to keep going to make the government lose any kind of situation is but 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 after the any you reject it. a payoff for
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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 do, 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. 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. vickie price is chief economic adviser at the center for economics and business research. she joins me now for more. vicki 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, so those some years of course have settled or are out of the members to see whether some of the office i 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, there's a striking continent of the london school. so i just had an age of nation. people consent, the kids there, so they have to work from home rail, of course, which has been so destructive for
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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 one of 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 has 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
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been a very, 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 some of the lower paid ones. and of course we had public sector freeze again during the kobe 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,
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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 a german ship maker, infineon has broken ground and he knew 5000000000 euro expansion is resident with chance for all of sholtes. and you commission president worth lavonne de 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 and venue, and 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 the chips produce in this new facility go? how they be used? cars, thanks for having me. well, the chips that continue produces are mostly use an hour to motor sector, but in every sector, but because 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 in pinion 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 this. 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,
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on effect in other areas. and also the calculation of 1000000 jobs 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 jobs 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. all righty. and to re see otherwise, oil 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 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,
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really obvious blue 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 a microelectronics or semiconductor industry was at the heart of industrial production in former ged our 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 amc, which are now in finance and global foundries. and they really wife the economic growth of, of the region, which is the very large area of threats. and that includes also other major cities and in saxony. and this indeed, and really great try of our,
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of our economic growth in the last years, if not, tickets are right. that's frank rosenberg. director of silicon saxony. thank you very much. thanks 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. 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 in ports in rain, in big tobacco, allowing verbs only as regulated pharmaceutical products will also be just like i did with liking. let's be very clear about this. big tobacco has taken another
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addictive product, wrapped it in shiny, packaging, added sweet flavors to create a new generation of nicotine addicts. the new rules require vape packaging to look pharmaceutical like bedding, their sale in convenience stores. the alpha ministry also plans to lower the allowed levels of nicotine an outright ban. all single use vapor reactions from australians were mixed with some expressing discomfort about while they so as an overreach by the government. but many of these are actually welcoming the reform, adding that vapor has gotten out of hand find that like heaps of your friends, that bay never actually spoke. so i feel like bathing came in 1st is like a cigarette, but now you failed table smoking by that never smoke cigarettes in the 1st my with easy to get vague on the way out. and traditional cigarettes already costing a fortune the government. he's hoping that australian smokers will now be left with just one affordable option. quitting for good. right,
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that's our show. check us out aligned. you w dot com slash business. i'm steven busy berlin. take care. ah, the lure of the gold. so often bits of fatal attraction, tens of thousands are drawn to them or a tiny and desert to dig in treacherous minds and risk their lives every day. but for them, hope is greater than fear. global 3000. next on d, w. active ingredients derived from nature pharmaceutical and chemical companies, use them to make huge profits. patents protect their research and innovation. but indigenous peoples have been using them for millennia and come away empty
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