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tv   Business - News  Deutsche Welle  May 3, 2023 8:15am-8:31am CEST

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until then, these dedicated royal fence, i'm going novia. you're watching d w. there is just reminder the top story we're following for you. this. our sal sedan says the warring parties in sudan pep agreed to a week long cease fire from thursday. they'll also take part in peace tops. the un says more than 100000 people have played the fighting, which has continued despite several cease fires. you're watching dw news from berlin. i'm terry martin. thanks for being with us. lose time for a brain update because this orchestra called the brain continuously adapts itself. and we ask
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a few astute questions. are we smarter? swarms? are you a psychopath? wouldn't causes monster waves. how powerful are your thoughts? we can control our thoughts, which makes us very powerful questions about life, the universe and the rest that we're series 40 to the answer to almost everything this week on d. w. 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
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looks to be a step in the right direction along. 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 resistance 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
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u. k. bottom transport is more expensive. yeah. yeah, my salary is going now with my son earn up. my bill is mine. oh, i'll wait, be bill. more novel yet. he no longer ward. 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, we some have to keep going to make the government lose any kind of situation is back, they need him to table. they need to send to pay back their what they owe. and, you know, the national education union has called for 2 strikes in recent weeks,
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affecting 22000 schools. the action comes off to the any you reject to the pay offer. 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 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 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 these 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 years of course have settled or auditing the members to see where the 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 worker 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 just have an age of nation. people can send the kids there so they have to work from home rail, of course,
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which has been so destructive for awhile and those strikes are beginning again this month, which everybody had hoped 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 off raises 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 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 who receive it, even though it might solve a temporary cost of living issue. which as we know,
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has 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 acceptable widely, because frankly, there isn't very much else that is on offer. and we're going to bear in mind that the reason why it is so bad in the case 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 the hamlin. 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
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a withdrawal, if you like, of spending power over such a long period of time, there's something more need to give really satisfy them. what to leave it there for now. that's picky. price, she's chief economic adviser at the centers at 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 which transfer off sholtes and you commission president wars lavon to line both on hand for the ceremony. the smart power fap will produce a 300 millimeter way for with applications and consumer electronics plans call for a production start in 3 years. you're wants 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
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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 me. well, the chips that the venue produces are mostly use an out a 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 information 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 of their $1000.00 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
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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 face of union directly. we create roughly 6 to 8 more drops 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 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,
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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. 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, micro like 20 so semi conduct industry was at the heart of industrial production inform y'all times already here in the area. and in the mid ninety's vf seen huge settlements also back by public financing of by that time, siemens and mt, which are now in finance and global foundries. and they really, why if the economy quote of, of the region, which is the very large area of reason in crew. it's also other major cities in saxony and this indeed, and really great driver of our economy quote,
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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. camera announced 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. so i just thought i did with viking. let's be very clear about with big tobacco has taken another addictive
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product wrapped it in shawnee packaging, added sweet flavors to create a new generation of nicotine addicts. the new rules require vate 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 vapor reactions from australians were mixed with some expressing discomfort. a bug while they so as an overreach by the government. but many of these 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,
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