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Transcripts For BBCNEWS World Business Report 20240706

germany s public transport network will be at a near stand still today as two of the country s largest unions strike in an ongoing dispute over pay. workers walked out shortly after midnight for 2h hours. two of the country s largest unions which are demanding significant pay rises for their workers want to increase the pressure on employers ahead of another round of negotiations. there ll be all but no trains, planes or ferries in operation after workers walked out, and motorists have been warned that staff who maintain motorways and repair road damage after accidents are also on strike. damage after accidents let s are also on strike. talk about the impact of all let s talk about the impact of all of this. joining me now is christian schulz, deputy chief european economist at citi. they seem huge. what sort of impact will the strikes today across germany? impact will the strikes today across germany? well, good morning- across germany? well, good morning. everything

Transcripts For BBCNEWS World Business Report 20240706

which are demanding significant pay rises for their workers, want to increase the pressure on employers ahead of another round of negotiations. let s get more on that. with me now is michael field, european market strategist at morningstar. thanks forjoining us. this is a battle that we are seeing play out in many countries dealing with cost of living crises. zoning in on germany, talk to us about what circumstances the transport workers are fighting. i circumstances the transport workers are fiaahtin. ~ , ., , circumstances the transport workers are fighting- are fighting. i think in germany you have not are fighting. i think in germany you have got two are fighting. i think in germany you have got two specific are fighting. i think in germany you have got two specific things - are fighting. i think in germany you have got two specific things going l have got two specific things going on, one is that inflation, like in other parts of the eurozone is still persistently h

Transcripts for BBCNEWS World Business Report 20240604 04:44:00

the recent two earthquakes in turkey has left the country facing a humanitarian crisis after 117,000 lost their lives. to make matters worse, the country s economy was already struggling and rebuilding the country is likely to cost billions of dollars. 0ne firm trying to help the rebuilding process is turkish real estate firm gyoder, who are planning on building 150,000 new residential properties. our business reporter jagdip cheema spoke to the company s chairman and asked where the money was coming from for such a huge project. this is coming from national budget, obviously, because it is social housing and the government is providing people who lost their homes and first phase which is 200,000 residential units is going to be delivered in one year. time is of the essence

Transcripts for BBCNEWS World Business Report 20240604 10:38:00

parts of the source code which runs the social media platform twitter have been leaked online. the code was posted on github, a website where software developers share code, but it was removed after twitter complained. it s the latest problem to hit twitter since it was bought by multi billionaire elon musk who has cut staff and other costs dramatically. turkey s recent earthquakes have left the country facing a humanitarian crisis after 117,000 lost their lives. to make matters worse, the country s economy was already struggling, and rebuilding the country is likely to cost billions. one firm trying to help the rebuilding process is turkish real estate firm gyoder who are planning on building 150,000 new residential properties. our business reporter, jagdip cheema, spoke to the company s chairman and asked where the money was coming from for such a huge project. this is coming from national budget, obviously, because its social housing and the government is providing people who lost t

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