Transcripts For DW Business - News 20240713

Much new stuff people. Want to do they have the further future of. G. W. Dot com africa megacity can give. Clues to. The fear of creating a lock down generation unemployment around the world is surging because of the coronavirus and the International Labor Organization Says young people are particularly vulnerable also the e. U. On bales its tighen take economic aid package but Member States disagree on key issues and will introduce you to a mayor in the. East of germany who single handedly wants to solve the digital di lemma of his town. From chris colfer in berlin welcome to the program with the coronavirus pandemic hitting economies around the world the figures of Financial Aid packages are skyrocketing nevertheless unemployment figures are also surging and a new study from the International Labor organization suggests young people are particularly affected were cursed between the ages of 15 to 24 are most at risk of losing their jobs we met one of those young people and back that. This was going to be rainy and big year she was looking forward to graduating from university with a degree and then out into the real world. This is my last year at university and i was supposed to graduate and be happy to be done but 1st we had the protests and then after that came the coronavirus. The university of baghdad has been closed for a while classes have been impossible for months initially because of student demonstrations against the government but now the pandemic has kept doors closed even longer this has sent students back out onto the streets. Yeah rockys face a threatened future even if young people had jobs before the coronavirus for shutdowns a study from the International Labor organization shows that they were the 1st to lose their chops. Last year the u. S. I employ meant rate was already relatively high at 13. 6 percent for workers ages 15. 00 to 24. 00 now in may 2020 that rate has hit 20 percent. Earnings future is uncertain even if the university does open again allowing her to graduate theres no guarantee she will be able to find a job. Earlier we spoke to the director general of the International Labor Organization Guy Ryder and he explained why job losses at a young age can be particularly difficult. All the evidence shows that if a young person is out of the labor market for a significant period of time a year or more than that the effects live with them throughout their working lives its not just a temporary shock its a permanent scarring and this will live on not just for a year or 2 it lives on for decades so my view is as we will have to deal with so many competing demands on our attention on our resources as we pull out of this pandemic situation we really have to put young people at the front of the queue for our attention not leave them at the back and that danger does exist the director general of the International Labor Organization Guy Ryder speaking this hong kong is no longer autonomous from china that was the assessment of the u. S. Secretary of state my home pay 0 in a report to u. S. Congress on wednesday mr pump arrows move is the 1st sign of jeopardy for the regions specials trade status with the United States which has been shielded from a recent trade war between the United States and china it comes after china announced moves to bypass hong kongs legislature and intervene directly in security measures which has sparked protests in the air. Your being Commission President or the left on the line has unveiled 8750000000000 euro plan to help Member States bounce back from the recession triggered by the coronavirus pandemic much of it will be funded by common e. U. Debt a new approach proposed by germany and france. The European Unions massive Recovery Funding plan is aimed at helping Member States hardest hit by the pandemic its early and spain will get the lions share. The Commission President in brussels keen to play out europes united approach the aim must be to invest together in our common good we will be bold by raising unprecedented amounts of funding at european level we will be focused by channeling the funding to the new priorities that will shape the future. In practice its germany and france which are driving the plan and will provide most of the money german chancellor Angela Merkel for the 1st time accepting joint e. U. Debt as part of a mutual recovery strategy. Is of course this proposal contains elements of both what was discussed between germany and france as well as elements of the guarantees and loans that were mentioned by 4 other countries. And now we start negotiating with 400. 00 a group of northern e. U. Countries known as the frugal for the netherlands led by Prime Minister mark ritter plus austria denmark and sweden and less keen to hand out money to their southern counterparts with no strings attached. I can see the younger moves an emergency we need an Emergency Recovery Fund to stimulate the economy. We believe this should consist of loans without any mutualization of tents for much of it for them its hoped looking for. Some tough talking lies ahead for the Recovery Plan to come into force agreement must be reached before the autumn. Lets take a look now at some of the other business stories making headlines around the world for us at a time when company h. B. O. Is launching its own streaming Service Following in the footsteps of disney apple and amazon h. B. O. Max is betting its own productions can put pressure on the competition including game of thrones and turn. Boeing is set to cut 12000. 00 jobs in the United States the majority will be through terminations and the rest through voluntary redundancy the move follows plans announced by the plane maker in april to cut 10 percent of its workforce. Run only son and mitsubishi have unveiled a new cost cutting strategy is designed to salvage their 21 year old alliance the 3 car makers ruled out any merger but will share their production more systematically this which could cut Development Costs for new models by 40 percent. Germany is recognized for many things around the world beer cars meat dishes well germany is infant knisley known for is the lack of solid mobile web coverage the government has been saying theyre working on it but keeps having a hard time with Telecoms Companies which say and some spares the populated regions its just not worth it a mayor in a small town in saxony now has taken it upon himself to get his city on line. Goes to support castle is located high above the city of the same name in southeast germany 4 and a half 1000 people live there surrounded by meadows and forests. Is the mayor. Whenever he walks through the city people always bring up the same problem. And its happening its been a mobile phone network disconnects when you move around the connection breaks down regularly even sitting in your apartment and were not going to be connected to the Fiber Optic Network any time soon. The mayor has been fighting for high Speed Internet for years even loading the citys home page takes forever neither mobile nor cable providers want to supply a goose to spark the distance between districts is simply too far and there are too few customers get tied up lies as some people have a 30 megabit connection but there are districts that have almost nothing where theyre still in the kilobit range but its different everywhere and we want to build the glass Fiber Network which were now starting to do installing fiber optic connections in every home and apartment a gigabit network. High Speed Internet the city can hardly wait on the other one of the biggest employers and ill post a spork builds futuristic furniture kitchens and bathrooms they use a material that feels and looks like stone but its as easy to build with as wood orders come in from around the world but the companys Internet Connection is too slow for day to day business. Does it i have to bundle several telephone lines to get an acceptable situation that makes work possible our clients are located in london in dubai and scattered around the world so we have to transfer large volumes of data with cognisant. Struggling to get access to high Speed Internet in the 21st century would be unthinkable in asia and even other european countries. We now see it as a disadvantage of our location our customers usually have a great Internet Connection which often leads to the expectation that we can keep up the pace during video conferences and confident. Its unlike any other project seen in germany a mayor taking on the task of supplying an entire city with high Speed Internet. Mayor noid power is pleased that the ongoing pandemic has paved the way for the European Union support package worth billions. As Financial Aid programs are vital we have to invest some of 6000000. 00 euros our regular municipal budget is 6. 5000090 percent of which is already planned in if we do the math it clearly wouldnt be possible. In 2 years at the latest the mayor wants to have high Speed Internet across the city just the promise of a faster connection is already attracting companies and creatives alike. And that wraps up our show as usual you can find more business stories on our website and. Were also on facebook and twitter im chris colfer and berlin for me and the entire team thanks for watching that kind of march. Live. For many theyre considered a day to washingtons poor neighborhoods. Crimes shootings abyss is a job houston has almost behind him and today in his messages sports not murder. He is spreading hope into it is infectious. 3000. Conflicts. Just like the Coronavirus Program expose good news pushed for a president ial election in may in the expectation that it would wait my guess this week from poland is going to talk she is going to show me peter lewis justice. Course is government guilty of trying to put politics of peoples love. Comfort zone yes. 16. Percent drama competition rivalry marketing numbers atmosphere power fight thats how intuition love takes money. The fans primes 5 spams and found some old to go off on you tube join us. In the fiction. But can it conquer the major issues of our society. The 3rd season of founders down the good holy ghost meets modern day heroes in asia. Ready to take on this challenge with their unique ideas of. Luck and those 2 problems and make them one solution. To the. Summers valley clubs. June 13th on g. W. Welcome to global 3000. 00 the corona pandemic is challenging all our lives including those of rescued jack us in Central America spending. Travel is greatly restricted