tv Business - News Deutsche Welle June 12, 2023 5:45pm-6:01pm CEST
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nomic, aftermath of signing goals and most violent protests in decades. and keeping track of germany's labor shortages statewide allow pressure doors to bond 6 to newer workers from abroad. business needs to be business on kate ferguson. thanks for joining me. delegates from all over the world are in geneva today to discuss the ways to end child labor. according to the international labor organization, about one intend of o youngsters globally are working about 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 central african countries, such as news, day or shot, and kind of ruined the asia pacific region. wrong. second, with the problem, especially acute in new poll. so children often 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 . and i to talk more about this last spring in benjamin smith. he's a tar labor specialist at the international labor organization on is joining us from geneva. hi, benjamin gets the you. i want to ask you about your assessment of the use supply chain low. will it make a tangible difference or well, considering that between 9 and 26 percent of the $160000000.00 children that you mentioned that are in child labor, i have to 26 percent are in global supply chains. it is critically important that business step up and meet the responsibility to operate ethically without recourse to child labor in the supply chains. now there is no evidence that the supply chain
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legislation, mandatory due diligence even 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 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. if those a piece of legislation have ios standards of wellness selected in them, then absolutely they can be helpful and certainly to be encouraged in terms of business due diligence. sure. now we saw there that the problem is especially prevalent in africa, of what our governments they're doing to tackle child labor. it's yes, well, today's, well they, i guess talk 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 there in 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 property. all right, benjamin smith,
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specialists of the international labor organization. thank you very much. thank you . now to some of the other global business stories making news us building our george soros has handled over control of his 25000000000 dollar empire to his son alex. for decades, the hungarian born financier has been using his wealth to support democracy building around the world. his tongue says he's hoping to broaden his father's liberal 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 plants, changes to the websites feeds the developers fear would kill of popular 3rd party applications. this is among the most popular websites in the world is reportedly aiming for a public listing lecture. this year. jp morgan chase has agreed to settle
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a class action lawsuit filed by victims of geoffrey that seems to sex trafficking scheme is victims alleged that the us bind 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, for us expected to roll off the assembly line laser this year. so far for to have filed it's capacitors in pricing, electric mobility. so again, it's to sound the goal now, where classes between police and supporters of a leading opposition say 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 car or bus station is almost distorted. the state transport company cut them deep,
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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 it's just the tip of the iceberg. post what the impact is huge that got them decreased mobility. it's very important for the senegalese, 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 have 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 protest 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 decades
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. that sales sentence of prominent opposition lead up was minus uncle sparked the protest. so cost porters believe it's a political ploy to prevent him from running for president next year. in germany is source of some, 2000000 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 royal authorized search bond. 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 don't you. bond is recruiting outside the country as well. not warrant has an arbiter with such a high demand for personnel and such
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a challenging labor market. we have to think about how we can still attract skilled workers to us who owns could been one helpful, 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. so you that may seem 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 to do. and we got so low you 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 band of sympathetic ear 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. that would 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 join the ranks. there's, there's like there's just like the way they need to. we are a nation sector, the same companies fights for the good. the 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 use 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 your bon has long since stopped 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. first effort, electric, a flying foster researchers in china spent 3 years developing the futuristic vehicle, which was showcase us an event in sions out in the sy fi like full 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, see promotions offering riders panoramic views, and perhaps in some cases a realization of a child hard to see and that off the 5 show for me. or you can always check i to w dot com slash business. we're on the date of the news youtube channel as well from me in the business team here in berlin is by
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the, the high hearts or no, because the bon opera gala 2023, benefiting the german aids foundation, experience, young international talent, great arias, and even the touch of fraud, the, to highlight the parts to w sometimes books are more exciting than real life. the we're hearing to read. the point is there's no escape the richer list german most read.
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know the never ending story of asbestos starts june 21st on dw, the w news alive from berlin. nato state is the largest air force exercise in its history, led by germany. the drills involved 25 countries and over 10000 soldiers that are seen as a clear signal to moscow. also coming up on the show, ukraine says it has re taken several towns from russian.
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