tv Business - News Deutsche Welle June 12, 2023 4:15pm-4:31pm CEST
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does not work. nato is conducting the largest air force exercise in the alliances history. the girls are being led by germany and more than 10000 soldiers from 25 countries are taking parts. the now war news headline is coming up in 45 minutes time. stay tuned for data business news with my colleague, kate ferguson, that is coming up next for a short break. thank you so much for watching the highly toxic asbestos. it's been banned for decades in many countries, the damage cost to people in the environment is catastrophic.
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which take more than a 100 years to completely dispose of all this best. those containers tell you the never ending story of asbestos starts june 21st on dw the what there's to us that's why we listen to their stories. reporter every weekend on dw, the robs of their childhood, around the world. one intended children are being pushed to work often in dangerous conditions. the fruits of their labor often end up entangled in global supply chains. we ask who's responsible also coming off the comic aftermath of
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signing goals, the most violent protests in decades. and keeping track of germany's labor shortages state re lot frontier georgia bond 6 to nor workers from abroad. business dw business on kate ferguson. thanks for joining me. delegates from all over the world are in geneva today to discuss ways to end child labor. according to the international labor organization. about one intend of o youngsters globally are working. that's a ride, a 160000000 children. in most cases, they are deprived of a formal education, making it all the more difficult to access a better future. to have labor is most prevalent in the central african countries, such as news, day or shot, and kind of ruined the asia pacific region. wrong 2nd with the problem, especially acute in nit pull. so children over work in dangerous conditions, mining role materials that end up and product sold around the world,
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or in factories making garments sold in the high threes. earlier this month, the european parliament approve new legislation that will require large companies to perform due diligence on their supply chains, including keeping track of whether their partners are infringing on child labor or not to talk more about this last spring in benjamin smith. he's a to our labor specialist at the international labor organization on is joining us from geneva. hi, benjamin gets to you. i want to ask you about your assessment of the use supply chain low. will it make a tangible difference? it's well considering that between 9 and 26 percent of the $160000000.00 children that you mentioned that are in child labor, 9.6 percent are in global supply chains. it is critically important that business step up and meet the responsibility to operate ethically without request to child
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labor in the supply chains. now there is no evidence that the supply chain legislation, mandatory due diligence, noon of itself, has an impact there not to have to measure it. so it's difficult to, to say, however, we have come out and very clearly says that a mix of regulation, policy, coherence, and market based incentives are critical for responsible business conduct. and mandatory due diligence can play an important role in that. so, and you wide approach makes sense in that it promotes coherent so it's rather than having numerous national initiatives, you have one kind of level playing field for, for europe. and it can increase transparency. we know that transparency allows supply chains is critical to eliminating child labor, so that due diligence that is, is promoted, should cover the entire supply chain. many times legislation doesn't require that,
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but that really risk is ignoring exactly where child labor is most acute at will far up stream and of supply chains in the production of, of, of primary materials. so coherence with international standards help if those a piece of legislation have iowa standards wellness selected in them, then absolutely they can be helpful and certainly to be encouraged in terms of business due diligence. sure. now we feel that the problem is especially prevalent in africa. what are governments they're doing to tackle child labor? it's yes, well, today's world they, i guess time labor and we heard from the d. r. c. in fact about new efforts to set up a child. they were monitoring system in the mining sector in the r c, as you and your viewers may know much of the, the minerals that go into our cell phones and electric vehicles to the batteries.
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and so i come from the r c. so this is really important measure, recruiting new labor inspectors to be able to enforce the legislation overall the, the central africa as of their and africa in general space is huge challenges in terms of enforcement in terms of providing that free good quality education is so critical so eliminates out there and on top of that, it's a region that's marked by conflict. conflict in and crises. so adding to that to the difficulties of the implementation is the question that the southern africa has ratified iowa conventions. they've got policies and national action plans in place, but they also need support that they have to have the resources required to get after the root causes of child labor, primarily, household poverty. all right,
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benjamin smith, specialists of the international labor organization. thank you very much. thank you . i say to some of the other global business stories making news us building our george soros has. honda is over control of his $25000000000.00 and prior to his son alex, for decades, the hungarian born sincere has been using his wealth to support democracy building around the world. his phone says that he's hoping to broaden his father's level aims to causes including focusing on abortion, right? thousands of communities on the social media site, red as our shopping dining for 48 hours starting today. the action is in protest against plans, changes to the websites, feeds that developers fear would kill of popular 3rd party applications. but this is among the most popular websites in the world is reportedly aiming for a public listing lakes for this year. jp morgan chase has agreed to saffel
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a class action lawsuit filed by victims of geoffrey as seems to sex tospeaking scheme is victims alleged that the u. s. bond to new of his predatory behavior towards minors on still kept him on as a client. the bank did not reveal the financial details of the supplement. the u. s. car maker ford has opened an electric car plant in the german says he of cologne. the company is aiming to produce to electric models, plans with the 1st expected to roll off the assembly line laser this year. so far, ford has filed its compassion, r, as in bryson electric mobiles, 2nd thoughts. so again, it's to sound the goal now, where classes between police and supporters of a leading all positions that earlier this month left several people dead and even more injured. the unrest also caused a major economic damage including to the country transportation system. the, the car or bus station is almost distorted. the state transport company cut them
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deep, as only slowly getting back to work violent protests a week ago have left a devastating impact. the company lost more than 70 buses. it's an economic disaster and yet is just the tip of the iceberg. post what the impact is huge that got them decreased mobility. it's very important for the senegalese than any disruption in service. it's very difficult for the economy and the international labor organization estimates that 95 percent of the population of work in the informal sector. they're self employed. often, traders like this young woman who relies on public transport i hadn't even the difficulty coming to the call to pick up my luggage that i have to sell in st. louis. aside from the damage, the government estimates that a day of protests can slow economic output by the equivalent of up to $33000000.00 a day. the days of unrest last week were the worst. the country have seen in
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decades. that sales sentence of prominent opposition lead up with some on his own coast, sparked the protests. soaker supporters believe it's a political ploy to prevent him from running for president next year in germany is source of some $2000000.00 workers in the sectors like health care, social work on the i t demographic changes. one issue is a lack of uptake and specialized training. among the employers struggling to fill positions is the country's state rail authorized search or japan. it's not a seeking to attract fresh holland. i'm abrupt. lots of travelers, lots of freight, lots of construction sites, to keep things running smoothly towards you bought needs additional staff. $25000.00 more this year alone. but the german labor market is limited, so the way to bond is recruiting outside the country as well. no one has an eye, but up with such a high demand for personnel and such a challenging labor market,
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we have to think about how we can so attract skilled workers to us. when it's given . one hopeful is alfonso, say daniel, the industrial machinery programmer resides in madrid. he quit his permanent job, a decision he thought about for a long time. i think i may say able to, but at the end i decided to leave. otherwise, you stay in one place in your comfort zone, but this is now the opportunity to get to know a new country in an industry that suits me. look, do you guys allow me for 7 months? alfonso has spend 5 hours a day studying german. he sold his car to pay for lessons. i'm with a whole bunch of companies that were many colleagues who started the course with me, but they stopped because they couldn't afford it. so many months, this is a project that you have to be able to afford. so it'd be nice, hey, the people that i said, look, i'm in workers like alfonso, have tried to find jobs at home like a spanish rail subsidiary transfer. so,
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but it's not as easy as it was 10 years ago. i think that you say you buy this by you left spain 10 years ago did so because they had to, there were no jobs here. the people who are leaving now are looking for an experience that have to start off at about because skilled workers in the real sector also in short supply insane transfer. so i was looking for candidates elsewhere like door to bon were all fonts, so hopes to soon joined the ranks. there's, there's like, there's no way they need to. we are a nation sector, the same companies fight. so the good people are finding that ensures that we just go up there to few candidates, they focused on the others at georgia. bon, the hope is that young spanish professionals will be motivated to come to germany. statistically, there are good reasons they might finding you. i'd love all the youth unemployment rate is just under 30 percent. and here of course we can still make a difference by offering training opportunities and qualifications non
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b to put towards you bon has long since stop relying solely on spain. it now recruits new staff in 10 different countries. and finally, the global push towards electric mobility has reached a new dimension with the launch of the world of 1st effort electric, a flying foster researchers in china spent 3 years developing the futuristic vehicle, which was showcase us an event insurance. on the sy fi like false or can reach an altitude of 200 meters, the cheapest speed of up to 50 kilometers an hour. for now, it's useful, be limited to size the promotions offering riders panoramic views, and perhaps in some cases a realization of a child's hard to see and that off the 5 show for more you can always check out the w dot com slash business. we're on the date of the news youtube channel as well for me and it doesn't seem here in berlin. it's like
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