coming up, after hardtalk. welcome to hardtalk, i m stephen sackur. across the world, workers are finding their living standards squeezed by rising inflation. for some, it s not so much a squeeze as decapitation. technological change is driving job cuts in a host of industries. do workers have the means to fight back? well, the uk rail industry is something of a test case. for months, rail workers have been striking over pay and plans to change working conditions. my guest is mick lynch, leader of the biggest rail union, the rmt. the stakes in this fight are high. can the workers win? mick lynch, welcome to hardtalk. you are the leader of a union that s been in a long running dispute now. it goes back to last summer, there had been rolling sporadic strikes. as it goes on, does it feel harder to find your way to a compromise? well, there s no easy way out for either side. the government has boxed themselves into a corner to a large extent, and i think that s predicated on the
for use in a contraceptive pill for men. they say it works by temporarily stopping sperm from propelling itself. now on bbc news, it s hardtalk with stephen sackur. welcome to hardtalk, i m stephen sackur. across the world, workers are finding their living standards squeezed by rising inflation. for some, it s not so much a squeeze as decapitation. technological change is driving job cuts in a host of industries. do workers have the means to fight back? well, the uk rail industry is something of a test case. for months, rail workers have been striking over pay and plans to change working conditions. my guest is mick lynch, leader of the biggest rail union, the rmt. the stakes in this fight are high. can the workers win? mick lynch, welcome to hardtalk. you are the leader of a union that s been in a long running dispute now. it goes back to last summer, there had been rolling sporadic strikes. as it goes on, does it feel harder to find your way to a compromise? well, there s n
for months, rail workers have been striking over pay and plans my guest is mick lynch, leader of the biggest rail union, the rmt. the stakes in this fight are high. can the workers win? mick lynch, welcome to hardtalk. you are the leader of a union that s been in a long running dispute now. it goes back to last summer. there have been rolling, sporadic strikes. as it goes on, does it feel harder to find your way to a compromise? well, there s no easy way out for either side. the government has boxed themselves into a corner, to a large extent. and i think that s predicated on the idea of setting precedents for public sector. we ve seen the nurses, ambulance drivers, many civil servants in dispute along similar lines. people aren t being paid enough in this society at the moment and many public sector workers have had long term pay cuts measured against any measure of inflation, so there s some catch up to be done, and that makes it harder because the government wants to be
after banking shares saw sharp falls on monday. the sell off continued in asia with japan s largest banks also seeing heavy losses. shares of mufg, miz uho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around %90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who s an international investment banker, founding partner at brigg macadam. talk to me about the perception of rate rises being not only part of the cause of this but also now the federal reserve having a rethink about what it does for the cost of borrowing given what we have seen in the banking sector. great borrowing given what we have seen in the banking sector. t