tv Conflict Zone - Guest Natalia Gavrilita Deutsche Welle March 19, 2022 12:15am-12:31am CET
teens and clubs from its competitions in response to the invasion of ukraine. the court rejected a request from russia's football association to have its suspension frozen until its appeal is hurt. russia was due to play poland in a world cup qualifier next week. all right, well that you are up to date, daniel winter will be here next with all the latest business days for me and the team here in berlin. take care seats top the next hour. a man with the memories of a woman and from syria is born in a female body, forced into marriage. great. escape will be the journey of his life. far from home, ali can finally become the person he's always wanted to be and be spared badly. oh,
in that re credit and we'll go through with it. i was born in stuart's march 30th on d. w. stories that move people the world over d. w on facebook and twitter, up to date and in touch. follow us. ah, a dramatic turn around and us stalks off to weeks of losses. investors are ending the week up thanks to optimism over the u. s. economy will get the latest to my correspondence on bull street. also coming up the war and ukraine has prompted syria sanctions against russia, but some of refuse to pose such tough measures. just take turkey, they banned russian ships from passing the boss for us. but little more now, this pressure on turkey's president to change that,
and spotify upset to join the rush to n f t's drawing up plans, which could see the funds sell the tokens on extreme. so we'll get the insights of an expert on daniel winter. welcome to dw business. u. s. markets are ending the week on hi, turning around a long period of losses. u. s. stocks achieve the best weekly gain since november 2020. the s and p 500 and decks of top us firms rose close to 6 percent in the past 5 days alone. high oil prices and the war in ukraine had put pressure on stock to the past several weeks. and our man eons quarter is at the center of the action at the new york stock exchange. high end is good to see you again. so what sparked this turn around didn't know quite a week to no question about that blue chips up by more than 5 percent as m p 500 by more than 6 enough to accomplish that, even by a good to 8 percent. obviously some investors believed after those huge losses that
we've seen and the weakest prior that we have reached a certain button. and the nasdaq composite in the past couple of weeks have been down about 20 per cent term. so it was a profit to fishing here at this point and definitely quite a turnaround. and as you mentioned, the best week there since november 2020, so profit fishing, but are the gain sustainable considering the fact that this war in ukraine is continue and also therefore the interest rate rises on the horizon. as j. powell said, just this week. yeah, definitely even if with the for industry trade increase, increase, some uncertainty was taken apart from investors here on wall street. that's always good news. if you sort of have an idea of what is going to happen, and at least with interest rates, the pass seems to be pretty clear. and even if we heard from some set members on friday that they actually want the federal reserve to be even more aggressive for
one fact member calling the interest rates to reach about 3 percent by a year's an end. but clearly you're right. i mean, we don't know what's going to happen with the war in the crane. we do not know what's going to happen with inflation. that was already a sky high, even before the war started. we also had those locked on measures in china, so it's definitely far too early to really say that we are reaching safe waters, them at this point. so it's hard to say where it's going to go, but at least we can celebrate what's happened this week. so who were the real winners of the week that drove these games? well, i mean, if you think about interest rates, i mean who profit? so when money gets more expensive fits the big bang. so we did the banking stocks doing quite well doing this week. we saw some of the most beaten down stocks recently, some stocks from the technology world. so former facebook,
so major platforms doing pretty well. apple being one of the biggest winners and then on the losing end, i mean, we don't just the, a huge movement in the stocks but also in commodities and at least some he was taken off from oil prices and that put some pressure on some of the big oil names here on wall street. all right. you heard it from any quarter. thank you very much for that. have a great weekend. yes. as we heard the war in ukraine is rippling around the global economy. the u. s. e u and u. k. have all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on wretched tie up. add a want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but his careful not to alienate his russian counterpart vladimir putin. economically, there's a lot at stake for turkey. is that most famous?
i a, sophia, one of the cities most important tourist destinations. last year, 4 and a half 1000000 russians visit a turkey more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia. turkish hotel and restaurant owners expect for tours and revenues to drop significantly. the russians keep us alive here in istanbul, aunt at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come and that will be tough. on turkey, it's economy already in distress. economists are worried that the value of the rubel has dropped. so for russians, vacationing abroad will seem expensive because foreign currency deals take more roubles. it will cost them more, and that's why many russians will no longer travel. wonder religion, almost again. it's your russia is one of the most important markets for turkish
construction companies with deals worth billions. turkey also exports fruit to russia, peppers, citrus, and lots more. president adon is trying to uphold trade. despite the current crisis, will more larry, it could become very difficult to export agricultural goods because russia won't be able to afford as much any more. that might be import bands for some products that will have consequence. st. turkeys export volumes. in tonight, j. rush us, one ukraine, affects people everywhere across asia and europe with a full extent of the consequences yet unknown. spotify is drawing up plans to add block chain technology and nf t's non fungible tokens to its music streaming service. the news has excited the crypto music industries and have teether traded on the block chain and prove the ownership of a token. the move could help boost the earnings, or spotify and musicians,
and empties could be used to buy and sell digital collectibles like audio snippets or unlock parks at gigs for merchandise to backstage passes. and fifties, of massively taken off lately last year, 16000000000 euros worth the tokens were traded world wide. the vast majority for visual art, the artist, commonly known by the handle b. paul sold his digital collage for 63000000 euros as an f t at auction, and aft. his are also used in games like actually infinity, or, and collectibles like pictures of board apes spot if i could bring an f t 's from the visual into the audio world, potentially opening up a new source of income for the music industry. but the move also has its skeptics, and to get more on this were lucky enough to be joined by pete house and who has seen the electorate. northumbria, university. pete, thank you very much for joining us. what does spotify want to do with an f t 's?
and why i don't know, and i don't think sputter finite either. i think at this stage it is purely expert . it is. and i think like a lot of aspects of this sector, the web 3 and f t arena and it's driven by fi. my fear of missing out and i think spot if i had to say are missing out. and so you are a critic of an f t 's. among so many levels, environmental, social. you think they're of a bad idea? what do you see as the main issues? there's been a lot of backlash against an s t 's recently serve a, a safety press. for example. they released a series of n f days, and some of migrants in rapid thing is trying to get the u. k. we send an s t's be released by crystal punishment, will club on tokens, they were rejected by fans. he didn't want them and resume the ukranian army here
just as quickly as i jumped on the f t band bike and they jumped off again with an apology. and the reason that they have jumped off the bat, numerous, many is because anastasia, so associated with scans and fortune and activities, the one of the largest, se platforms i can save, said the 80 percent. the entertainment is on their platform are fortunate. and then also the environment implications of this and most and f t them and it on the theory and brock chain not as a carbon footprint, similar to the whole of singapore. it uses 100 terrible hours of the lectures a every year, which is the same as the netherlands, and it was a waste problems generate every time you buy and s t, you're responsible for throwing an i pads, or 2 i pads of an e waste into non so, so there's lots of reasons why people are against this. ok,
but there are also practical reasons my why you might want to own an f t o implement and f t 's in for example, the matter of tracking digital goods among, along with your digital avatar, let's say. so even in that sense, if we manage to solve all the other issues with an f t 's, do they have a future? so every platform, without exception, that has started using a block chain, would work better without a block chain and f t. and i different to that, i think specifically with a met of s. and i mean, even if you look at the earliest examples of the some side, 5 books like snow crash or films like ready play one or the matrix is always the real world which is falling to bits. and people find the a convenient hole in the signs and to put their heads in was the real world falls apart. and i think that's what the matter that is likely to do whilst we trading an f t 's as socks or something for our ponder avatar. the real world is falling to
bits. and there's also an f t 's, for example, the palo and government and started selling and f t passport. so these a residency time, it's that you can buy for $248.00. so this is useful for rationale, galks and people in china who aren't allowed to buy and sell could take countries compartment of these and if taste and carbon credits or fortune and carbon credits being sold for, and as, as an f t as crypto carbon collectibles. none of these do any good for this process and they tend to any because car environment. well, i imagine a lot of people will disagree with you, but it's important also that we hear critical voice against these. you know, you have to cut through the hype. so thank you very much, pete house and for your views on that, it was very interesting hearing from you before we go, a reminder of our top story, us markets rending the week on the high turning around
a long period of losses. us stop to achieve the best weekly gain since november 2020. the s and p 500 index of top us firms rose close to 6 percent in the last 5 days. loved. hi, oil prices in the war, and ukraine had to put pressure on stocks for the past several weeks. and job to date with d. w. a business for me and the business team here in berlin. thanks for watching. what's making the headlines and what's behind d. w, news, africa, they show the issues shaping the continent. life is slowly getting back to normal. yeah. way on the street to give you enough reports on the inside. our cars, funds is on the ground reporting from across the continent. all the trains out the mazda you next on dw,
discover the world around you. subscribe to d w documentary on youtube. this is deed of the news africa coming up on the program. he has group of food security in africa, asked a conflict and ukraine rages on. a worry in time for the continent ascii essential supplies ad i attached from places like somalia, a country already unable to feed its people due to decades of us states and drought . people in kenya also struggling to make ends meet as the price of food and other basics shoot up. we look at their causes asked one expect how he thinks.