u.s. markets ended friday with modest gains after a rocky trading week investors are still getting their heads around what happened and what comes next. we'll cross to wall street for the analysis also coming up. colombia's flower industry provides a lifeline for destitute refugees from neighboring venezuela and. uganda is one of the world's top coffee exporters but hardly anyone there likes to drink it we meet someone who's trying to change that. i'm daniel winter in berlin and this is your business update friday's battle between bulls and bears on the markets saw the dow in the s. and p. five hundred struggled to cling on to their gains from earlier in the session but both ended in positive territory by the end of the trading day still u.s. markets significantly down on the week bond yields also touched four year highs this week a double whammy to stocks and bonds caused by expectations of rising inflation.

and hence quarter's tracking this from wall street for us yes what a week for u.s. markets. and there was certainly breast taking and that's also the way we finished here on friday a little bit it was a happy ending at some point blue chips dropped five hundred points in the friday's session but then regained some ground at some point we were up five hundred or so in other trading range of around one thousand points at the end of the day plus of three hundred thirty points and for the week we were down five point two percent so not that bad at some point it looked like we might experience the worst week since october two thousand and eight so that not happen so could have been even worse investors saying that this is the bursting of the low volatility short strategy how does that x. help us explain this week's swings. it's not the only reason why it's one of the problems that we experience of the past couple of days because what happened

specially last year is that volatility was not really existing and so a lot of traders actually placed the bets that this one or two t. is to stay low and then when all of a sudden especially at the beginning of the week volatility started to increase heavily a lot of those investors got caught on the wrong foot so that is bad enough for itself but then on top of that a lot of those investors borrowed money to place those low volatility bets and then when those went off they had to sell stocks for example to come up for those losses and that all increased the pressure here on wall street now the longer this goes on the less it's looking like a blip can we describe it as a symptom of regime change on the markets. could be a reason change especially also when interest rates and yields keep climbing up i would say one crucial number could be three if the ten year treasury yields goes to

three percent so that could once again could cause some more trouble money will become more. if that will be more expensive and that could challenge the market again ok well it's been a busy week for you yes thanks for staying on top of all the market movements for us had a great weekend. how things i see on wall street tore across global markets helping drive losses in asia and europe for some exchanges such dramatic drops haven't been seen since the great recession it's been a bruising week for global markets the likes of which were last seen in the global financial crisis wall street anxieties proved too much for asian investors tokyo's nikkei index ignored otherwise strong economic indicators in the country to end in negative territory stocks across all sectors of hong kong's hang saying fell on friday and into a terrible week of trading it's in fact the biggest weekly loss for the hong saying since two thousand and eight when a global recession was in full swing the nikkei his losses marked its worst week in

two years germany's dax was also down significantly for the week. key european markets have now seen the gains of recent months a racist after a weekend breather will hope recent positive economic indicators can shine through the current turmoil. corporate news now add settling out of court in a corruption probe the european aircraft maker will pay an eighty one million euro fine german prosecutors had suspected that bribes were involved in a two thousand and three deal to sell you're a fighter jets to austria but said they found no conclusive evidence however they accused us of violating that supervisory duties by allowing multi million euro payments links to the deal for what was called unclear purposes austrian authorities are still investigating the accusations. and alphabet have reached a deal to end their legal dispute the complaint dealt with allegations that the right hailing company stole technology from alphabets self driving vehicle units

way mo a court dismissed the trade secrets case out of the two companies settled new book will pay way mode two hundred forty five million dollars claim that one of its former engineers took more than fourteen thousand confidential files before he went to lead and was self driving car unit in twenty sixteen. valentine's day is fast approaching the flower industry in full bloom in colombia to the world's second largest exporter the flowers even providing refuge of sorts to neighboring venezuelans they're heading to colombia's flower farms to flee food shortages and hyperinflation. angy of alaska doesn't really feel at home in chia close to the clinton capital of bogota. but she's happy to be earning money even if it's just the minimum wage. she's one of more than half a million venezuelans who fled the crumbling economy at home to seek a living in neighboring colombia. it's

a looming refugee crisis. but i know it's hard for all of us but we have to move forward so i'm going to. colombia is one of the world's biggest flower producers. every year around valentine's day and exports thirty five thousand tons of flowers to the united states. other countries also get their pick a spring colombia's flower farms that are my main development but i did combining them for valentine's day and mother's day and we usually need more hands to fill the orders from the united states and the other countries we export to this area many venezuelans have come here the king for work. and we're giving them that opportunity. only at. a used to be the other way around and the one nine hundred eighty s. when oil rich venezuela was flourishing many colombians went there in search of work that's why colombian authorities have let many venezuelans into the country

now is that by student this country feels a commitment to the venezuelans who unfortunately have been forced to leave because their own government is incompetent. among. most of the venezuelans here are still hoping the crisis in their country will end so that they can return home uganda is africa's largest exporter of coffee but the beverage is not popular among locals who consume only five percent of what's produced that apparently they prefer to eat but one barista jerald cattle bonzi is hoping to change that he's training a co holder of coffee connoisseurs in the hopes of spreading one of the world's best loved hot beverages across his own country. one of compiler's busiest bust tommy knows. denise more junee is in charge of security here. his work is highly demanding. but often breaks off for

a cup of coffee and. this coffee gives me energy when i'm doing my security work it gives me energy to move around and i feel strong and it keeps me away from sleep . would you needs among the few ugandan coffee drinkers. thanks to. a very star who was sit up a coffee shop makes to his workplace. to tell as he's promoting the drink and plans to open other cafe's in busy areas of uganda's capital you're going to zip it to drinking a nation and coffee and you guys are going to be veggie ducked for the their income as and that's why their local conception is to low. but he is determined to change that through training young barristers tell us his growing

capacity to boost the local coffee industry. in the last eighty years over one thousand two hundred trainees have gone through his hands. the angry part taking care of their domestic with quality so it is beginning it's beginning to appreciate because it's now a youth center and kind of approach where my play. as a follows coffee right from the fun. he has recruited from us as part of his crew said to me to sustain standards. coming here to this farm and to see what's happened. as a roaster to to manage acquired a quotation is because we look at we work closely with the farmers on the quality issues they sure that they do get a premium have to have just fair to do so you get to read your coffee is that i

don't of international standard. uganda exports ninety five percent of all its coffee. while growing coffee supports many families for most would rather sell it all and either be veggies. but qatar was the hopes of this country in order to promote the domestic industry that can sustain farmers even when prices that's the global market for. a plan to provide free mobile phones for athletes a spot to control for say yet south korea's winter olympics each of the three thousand athletes attending their political chuang games is expected to receive a free smartphone by sponsor samsung but it was unclear whether iran and north korea would be excluded because of u.n. sanctions after complaints by iran the i.o.c. apologized to athletes from both countries would receive the device. that's all the

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