tv Business - News Deutsche Welle September 20, 2023 8:15am-8:31am CEST
8:15 am
of assembly planting pushed was latest the most support in his country's plan against process. a full scale invasion mister landscape wants it most cuz impression could expand beyond ukraine. he added to russia was with the noisy, essentially, like food and energy against the world. business news is next with an update on the new ways of employ of his strikes that's with chris cova after the break. i've been just a little and see you next down by the sometimes the show right now and i choose out to the highlight for every week. not the, not the fast fashion as an environmental nightmare clothing graveyard, an image of land desert. this is where things wealthy industrial
8:16 am
nations no longer need, and the lightest textile waste gets stranded here. all about the final stuff in the global fashion industry. fast fashion. watch now on youtube, the a serious conversation or else more action. auto workers in the united states say they're willing to extend the current strike. if it goes asians with the heads of car makers, don't show meaningful progress. look at the latest from our correspond us on the show. steve is taking a dispute with some new member states that are more afraid, organization, after poland, slovak here, and hungry, impose uni, lateral import bands,
8:17 am
all ukrainian cultural groups. and will tell you why this fight almost reaching a record high. recently, reminiscence from the united states don't get 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 used car makers, union presidents on st. called for a work stoppage 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
8:18 am
in our workers, wages and conditions of went backwards. the average wage of production line workers has decline 30 percent of the last 2 decades. but the timing of the strike 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, a field in the press, so i'm not motivated by money. i'm motivated by my grandfathers now we're 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. yes. the president find facts, the workers on the street. she says. car makers have re big profits and they need to share them with workers. you use re standards across the workplace as an entire
8:19 am
industries pushing up wages and strengthening benefits for everyone. strikes as dragging down car maker inventories every day and that will hurt their bottom lines . all right, let's get the latest from dw special correspondent, i ever him in washington. i have the auto workers union is threatening to extend to strike, to more plans. is that likely to energize the talks or well, the really, the 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 and to us. 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
8:20 am
friday. the the union leaders have made that if you know their demands are not met or that there's no progress in the negotiations that more and more workers will be 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, 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. it will buy the automobile. a bosses have offered is 20 percent. so the gap
8:21 am
is really, 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 straight to 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 of the. so janet, yelling, 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,
8:22 am
but it doesn't represent a huge number when it comes to the 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 www 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, metro support prices and pacify local farmers. of these bulgarians farmers
8:23 am
ugly. so they are blocking long distance roads to protest against the lifting of a ban on you clean and green in ports. yes, 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 disunited is in my warehouse because i don't ship anywhere to sale the day. let us in the these filters 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 don't care. the european commission defends it's 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,
8:24 am
but any member country takes your like to action for a sick 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 continue to ban ukrainian green 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 power has germany isn't expected to fair that well, the always it easy use. it's v p shrink by 0.2 percent, recommending structural reforms for the country to prevent further problems. online platform x, formerly known as twitter, could introduce
8:25 am
a monthly fee owner in the mosque set. so in a form which is rarely prime minister benjamin. if y'all were mister musk said, it might be the only chest to reduce the influence of bots, many of which amplify hate speech and, and tight some. it says that the international monetary fund will grad morocco, a $1300000000.00 loan that's according to the country state media. meanwhile, the i m f and the world bank say 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 months does that remittances in july brought in more than $5600000000.00, which is close to a record high remittances, which largely 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 cent from abroad no longer goes as far as the one state every month,
8:26 am
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 paste so is hurting those. rely on remittances. people. i guess stella of the, the men busy the phone if they sent us $200.00, it was enough to get to lots of things for us. now we come by 25 percent less with that. 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
8:27 am
remittance is from relatives abroad. rising remittances and attractive interest rate differential and higher form direct investments have led to what summer, calling the super pay. so, while mexico central bank has been hiking borrowing rates to curb inflation, that goal was only reached in the last 2 months. as economist carlos co pay though, observes uncomfortable committee. this, by 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 in looking play, or significant manuals think of it as well seem to come and 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
8:28 am
the importers and the government, but not ordinary mexicans. but the situation could change the pace or is expected to depreciate against the daughter in the coming year. and that without sharp re balance, according to economists like james salazar. let's see over the new place by the end of the year, inflation could be around 4.64.7 percent and the sorry, like the end of the bank of mexico one no longer raised the interest rate. maybe even lower and 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's, thanks for watching. every successful like the
8:29 am
b. o own health advocates by turning into your own ex best. where your country without any fiction. and with no supply be access to the way in good shape. on d. w. making steel without cool. putting concrete on a c o 2 diet and producing aluminum with eco energy. industrial scale, climate ascenders have a green and pleasant e. is it a sustainable fairytale? or the new reality can steal cement in co go green flows
8:30 am
in 60 minutes on d. w. he's got any issues with a lot say what the newborns don't yet have control over their muscles. but nothing works without them from keeping our heads up to crawling. for walking the waste we've learned to control, we often forget the hard past we took to get there. many other organs rely on our muscles as well. how did they work? what are they made up of, and how do we keep them healthy? that's our topic today. all.
22 Views
Uploaded by TV Archive on