tv Business - News Deutsche Welle September 20, 2023 1:15am-1:31am CEST
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the way he pushed the world leaders for more support for his country's fights with russia full of denver, zaleski, one that most goes, the question could expand beyond ukraine. went on to say that russia wasn't weaponized thing, essentially, like student energy, against the word. that's it for me states and so dw business news of next with chris kolber told me on why the book. thanks. a lot of the visa used on photos in the notes follow the fast fashion as an environmental nightmare. a closing graveyard image of land desert. this is where things wealthy industrial nations no
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longer need and the lightest textile waste gets stranded here. all about the final stuff in a global fashion industry. fast fashion. watch now on youtube, the serious conversation or else more action. auto workers in the united states say they're willing to extend our current strike if it goes asians with heads of car make us don't show meaningful progress. so look at the latest from our correspond. also initial fee of us taking a dispute with some new member states that are more afraid, organization after poland, slovakia, and hungry, impose unilateral in for fans all ukrainian culture and will tell you why,
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despite almost reaching a record high, recently reminiscence from the united states don't good mexicans, as far as these i'm chris kolber. welcome to the program. the united auto workers union says a strike action. currently hitting selective plans of the droids big 3 car makers could be extended as talks don't produce meaningful progress. by the end of this week. the walk outs are playing out over bigger pay less hours and a $2.00 tiered weight system. but the stakes in this dispute are much higher. for the 1st time, the united auto workers are striking at the same time, at all of the big 3 us car makers, union presidents on st. called for work stop. it's last week after new agreement on new contracts, couldn't be reached. workers are demanding a 40 percent pay rise. these companies have made a quarter of a trillion dollars in the last 10 years. $21000000000.00 in the last 6 months alone
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in our workers, wages and conditions of went backwards. the average wage of production line workers has decline 30 percent the last 2 decades. but the timing of the strikes couldn't be worse for the industry. the sector is transforming as a pivots to making electric vehicles. that means fewer workers may be needed. battery powered car production is highly automated. auto industry executives are feeling depressed, so i'm not motivated by money. i'm motivated by my grandfathers now. we're a little worker about growing the company. everyone prospering from that. and that means our hourly team deserves to have that kind of benefit. 40 percent would put us out of business. the most powerful politician in the country. you as president, find facts, the workers on a string. she says, car makers have re big prophets and they need to share them with workers and use re standards across the replaces an entire industries pushing up wages,
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the strength of the benefits for everyone strikes as tracking down. car maker inventories every day and that will hurt their bottom lines. all right, let's get the latest from dw special correspondent abraham in washington. i have the auto workers union just threatening to extend to strike, to more plans. is that likely to energize the talks? a while there really is so far what they have been trying is targeted, limited a strikes at the 3 main, a automobile manufacturers here in the united states, the gm ford and still lantus. and so far that has not really, according even as we signed the report and has not really gotten them the results that they have been hoping for. and now there's this looming deadline at noon this
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friday. the the union leaders have made that if you know their demands are not met or that there is no progress in the negotiations that more and more workers will being going on strike. i mean, we're talking about 13000 unionized workers that are currently on stripe. that is still very much a drop in the bucket of unionized workers at these uh, auto, automobile industries. and so what the union workers are doing so far is just giving a, you know, the automobile bosses a glimpse of what it's like to go a for them to, to go on strike and what kind of impact that would have on their businesses. but we also have to look that there's still a huge difference in opinions and demands. i mean, so far, the unions, 146 percent increase in pay over the next 4 years. and what uh, auto. why the automobile a bosses have offered is 20 percent. so the gap is really,
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really huge. it's hard to see how that gap can be breached by friday. and president biden, you know, anticipating perhaps what the impact of the strikes be has said that he will send acting lieber secretary to detroit to offer help in mediating reaching an agreement . so this is really a, you know, reaching very high levels here in the united states. i briefly, if you would, uh, how big a hit uh is the us economy likely to take from these walk outs. so janet yellen, the, the, the secretary of the treasury has recently said that it is too early to tell what the impact on the economy could be. an expert said that the impact is, you know, unlikely to push the country into a recession or anything of that sort. and that's because, you know, the, the percentage of unionized worker in that industry this, it's big, it's large,
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but it doesn't represent a huge number when it comes to a national labor percentage just as it perhaps used to in the past. with that being said, there are some estimates about how much this if everyone goes on strike for 10 days, there are some estimates that that could cost the us economy up to $5000000000.00, dw special correspondent, i ever human washington. i think and you can find more on the auto worker strike on our website at w dot com. of course it is to ukraine. now we're just taking a dispute with some of its neighboring countries to the world trade organization. after poland, slovak in hungary, imposed bands on ukrainian agricultural goods. the embargoes are a reaction to the commission lifting temporary import restrictions on ukrainian gray, being shipped via its neighboring countries, mental support prices and pacify local farmers. of these bulgarians farmers
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ugly. so they are blocking long distance roads to protest against the lifting of a ban on you clean and green imports. this is about the livelihoods, the farmers fear, the cheaper grain from ukraine will make their products less competitive. i won't go far. i put a deuce green crops and everything i can produce this unit is in my warehouse because i don't ship anywhere to sale the day. let us in the sale of here. they say, we don't want to, we don't search for it. we don't want to buy it and so on. and that's why we're sure the european commission defends its decision to lift import restrictions on ukrainian green products to poland, bulgaria, hungary, romania and slovakia. a measure that protected the markets in those countries. now some of them, including hungary and poland, defying the ease you by banning you communion green in ports. the fact that any member country, i'm not judging one member country,
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but any member country takes you know that to action for city thing. what these extra to the single market seems to me something that these out of the low but is to the commission to judge gary and farmers also protesting and demanding that their country continued to ban ukrainian grain products. that was left ukraine with no choice, but to file a complaint with the world trade organization against the e. u. countries that continue to band is green exports right now to some of the other global business stories making news. the world economy is expected to grow 3 percent this year and 2.7 percent next year. that's according to the latest forecast of the organization for economic cooperation and development. yours industrial powerhouse germany isn't expected to fair that well, the always of the seas, it's v p shrink by 0.2 percent, recommending structural reforms for the country to prevent further shops. online platform ex, formerly known as twitter, could introduce
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a monthly fee owner in the musk sets, so in a form which is rarely prime minister benjamin. if y'all were mister musk said, it might be the only chance to reduce the influence of bots, many of which amplify hate speech and, and tight some. it says that the international monetary fund will grant morocco a $1300000000.00 loan that's according to the country state media. meanwhile, the i m f and the world bank said they will proceed with in the countries and next months, despite the recent earthquake, they fear additional damage to the economy. if the meetings are postpone in mexico, the country central bank announced this month does that remittances in july brought in more than $5600000000.00, which is close to a record high remittances, which large me come from. the us are one of mexico's main sources of foreign currency and a pillar of household spending. but the strength of the mexican pestle means that dollar income sent from abroad no longer goes as far as one state
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every month. it's less and less money for stella. the 45 year old domestic worker, supplemental wages with the money her us base, some sense her. but the dollars are always worth less. the mexican peso is up 14 percent against the greenback this year. it's one of the world's best performing currencies. but the strong pay so is hurting those rely on remittances. people. i guess stella of the present that are meant to see the phone if they sent us $200.00. it was enough to guess a lot of things for us. now we can buy 25 percent less with it. the dollar has gone down a lot. it's affected me a lot because before i could afford to pay for a big apartment, and now i've had to move an estimated 11000000 families in mexico receive
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remittance is from relatives abroad. rising remittance has an attractive interest rate differential and higher form direct investments have led to what some of calling the super pay. so while mexico central bank has been hiking, borrowing rates to curb inflation. but gold was only reached in the last 2 months as economist carlos co. yeah. cafe, in our observes. and something was maybe this, but a, but in the measures taken by the bank of mexico to slow down the mexican economy through monetary policy and raising interest rates have not been as effective as they would've liked, containing economic activity means less employment, less income and less investment may not simply austin, i think i may not think of it as will seem to come in looking back here despite the strong pay. so exports of growing there rose 3 percent in july, things to sustain demand from the us market. the strong currency benefits make 6
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the importers and the government, but not ordinary mexicans. but the situation could change the pace or is expected to depreciate against the dollar in the coming year. and that without sharp re balance, according to economists like james salazar lesson, but i see only that it was by the end of the year. inflation could be around 4.64.7 percent. i just hurry like you, the end of the bank of mexico one no longer raise the interest rate. maybe even lower it. the market is currently bidding that the rate will be lowered by the 2nd quarter of 2024. that will be will come news for ordinary consumers. cheaper borrowing rates would benefit them more and then drops off our shelves of christ colburn. berlin, thanks for watching. every successful like the
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we say they're never giving up every weekend on d. w. sometimes a seed is of all you need to allow big ideas to grow or bring an environmental conservation to life with learning facts like global ideas, we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference, knowledge grows through sharing, download it now for you guys. it's evelyn charmaya. welcome to my pod cast. last matters that i advised, celebrities,
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influenza and experts to talk about all plain loved data. and yet today, nothing less the south, all these things and more and the new season of the fuck. com. make sure to tune in wherever you get you up plus costs, enjoying the conversation because you know, it's last matter. the basic video spatial coming up today, canada accuses india alpha targeted assassination parameters to adjust it to those areas. indian agents killed a canadian citizen associated with the farthest on movement. but what is this movement and how is it impacted? designations with other countries. and with other quick effects deployed, both parties in japan are installed excise big safety measures to make sure that when the big one finally hits big cities, we be reading.
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