tv Business - News Deutsche Welle May 11, 2021 8:15am-8:31am CEST
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demand for the job from businesses in several european countries including in germany said holmes nods or recommends the vaccine for animals kept in close contact including out for farms and zoos they say that for now pets like these cats are very unlikely to become a risk to their owners. business is next with monika jones thanks for watching. the full. trades. they love so she would make sure of again don't fit glitter glitter glitter. for. their fighting against prejudice i don't hold cable like i did nothing and just stands alone and for
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recognition. be our little stars on the big stage. it's still 17 o w. o o o o o. a cyber attack on a critical u.s. pipeline is sending ripple effects across the economy the owner of the colonial pipeline is struggling to get it repaired by friday or else there could be gas shortages on the u.s. east coast also coming up it started as a social media joke in 2013 now the cryptocurrency doge coin is worth a whopping $88000000000.00 what's hype and what's reality we talk to a cryptocurrency investor. and time to spread your wings look tons is getting
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its feet ready to take off after the. welcome to the day of your business i want to get johnson berlin good to have you with us and we're starting with a look at the markets which are heading south this tuesday shares in asia dropped after a tech selloff on wall street japan's nikkei fell by 3 point one percent in hong kong lost 1.6 percent and the hang seng take index by up to 4 and a half percent fresh science of regulatory scrutiny in china adds to investor anxious about inflation deepening the worldwide slump in technology stocks. let's find out what the mood is like here in europe chelsea delaney is standing by for us at the frankfurt's stock exchange good morning chelsea european markets obviously opening soon will the downturn continue.
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well european markets are also likely to open your and their futures for the doc's index or pointing down about 0.5 per cent the euro stocks the broader european benchmark is likely to fall even further about one per cent we had already seen some of this tech selling happening here in europe yesterday one of the docks is only tech companies delivery hero was down about 6 percent we also saw some of the semiconductor makers here in europe getting hit really hard yesterday and really what investors think is happening is that some of these really high flying tech stocks that have really seen a lot of interest that surged over the past year they're starting to face a lot of different difficulties in the years ahead not just not just the fact that they are so highly valued but also the fact that you know they could face more regulation and they could face higher taxes especially in the u.s. so we are starting to see a bit of a rotation out of those stocks and into others now and of course some of the
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imminent glory commodity prices will wring anything from coal into coal push should be levy will reach about inflation. well inflation has really emerged as the major theme for investors this year and we are seeing prices go up there's no doubt about that really across the world part of this is just the fact that economies are starting to reopen that we're starting to see demand pick up again and this is boosting really every major commodity in the world that is going to filter through to higher prices for basically everything the question for markets and for investors is how central banks are going to look at this right now markets are really being driven by very accommodative very easy monetary policy from central bankers if they believe that these inflation risks are high they could potentially pull back them about stimulus and that would be bad news for stock investors something to keep an eye to do they need from. thank you.
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for 3 days after iran somewhere attack against a crucial oil pipeline in the u.s. its owner is struggling to bring its delivery system back with the help from the f.b.i. and the biden administration in the white house meanwhile gas shortages are becoming a real threat to the economy on the united states east coast. drivers in florida lining up for gas worried they can't fill up their tanks for a while after last week's ransomware attack the colonial pipeline is almost 1000 kilometers long it carries 3000000 barrels of gasoline diesel and jet fuel between texas and the u.s. east coast after hackers crashed the company's computer systems the pipeline is still down federal investigators are on the case and the white house is watching the situation closely reported to managers working directly with colonial to get the point ones back. to full capacity as quickly and safely as possible.
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meanwhile storage tanks in texas are full to the brim trucks have been ordered to make emergency deliveries but they can only carry a fraction of what the pipeline delivers energy analysts are concerned. will run out of storage if the if the pipeline stays closer the price of oil here in texas could drop because of this oversupply right at the same time storage tanks in the northeast at the other end of the pipeline are being drawn down and if if that imbalance continues if we have the supply rise in texas in this drop in your new jersey in new york etc prices there are going to go way up we could have fuel shortages prices here are going to go down and we're going to have a supply. among the businesses affected american airlines the carrier has directed its honolulu bound flights to take off in north carolina with tanks half
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empty and fuel up in texas before continuing their flights to hawaii. now if you own that you're probably rich by now investors have plowed into cryptocurrency over the past year driven in part by low interest rates large amounts of government spending and even social media it's not just that coin take a look at 3 of the most popular digital coins and the amount of investment they've seen now that total market value skyrocketing since spring last year the total investment of a whopping 4400 percent in the case of the chain and then there's the doge coin a pair of software engineers created 80 years ago as a subtle bitcoin using a popular internet mame of. its market cap s. lot 25000 percent yep you heard that right just in the last year the driving force behind don't call and search tesla founder and c.e.o.
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elon musk crew has tweeted repeatedly about it so is the line between opportunity and joke when it comes to the crypto boom let's ask someone who should know about that jeff gallus german bitcoin foundation founder and c.e.o. and co-founder of the bill and start up a full mo who's joining us now good to have you with us what you may go for a dollar coin would you invest in it. well it's it's crew kindergarten i would say like those corners was created for by people to have some fun and also to illustrate how the frequencies work so i think it's a good thing to maybe start out and have the mindset of this is just something amusing to educate myself like how that would put the currency's work not take it to serious and i guess that's what everybody does right now in a way i mean you must is having some fun the ticker vessels are having some fun.
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but just pushing this and kind of taking it to the moon and space like little space x. just announced they're going to fund a set of like a single car and once you have some of those kind of hand things like you understand the underlying principles of progress and see and you kind kind of take the next step and go to something more serious so what we're seeing is all sorts and but but but when does he get serious when just trip to currency stop being a joke why does he get serious oh it gets serious 10 years ago when the problems created. it was just there was going to sort of as a as a lower entry point because it's kind of obvious it's a fun project and people made it as a fun project. was for the life of people to take it i would be cautious of on anything but bit coy about it doesn't work the same way and.
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i think it's just to illustrate a point like at least from. people who created it or who fought of had a couple of nobody ever expected this to go that far. nobody's really taking it seriously it's those kinds of debt let me let me ask you one question brief answer please i mean where does it leave the real economy i don't know many people who actually invest or pay with bitcoin or other crypto currencies. because global currency medium of exchange and store well already it's a huge industry and it's used for international money transfers her story of well. hundreds of thousands of her millions of people already work and industry and using it on daily basis not only western countries but as they're free in developing countries all right jeff gallus of the german bitcoin foundation a founded c.e.o. and co-founder of the bill instead of full oh thank you so much for sharing your
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insights with us thank you for. the travel industry's hopes for a post pandemic recovery have been hit by many fold staats beset by new restrictions virus very doubt breaks on the sluggish european vaccine rollout well german fly carry a lot of times only expects to fly about 40 percent of its prepared to make capacity in 2021 but it's raised its number of holiday destinations to over 100 banking on surging demand us vaccination campaigns reach a large number of people. yeah nath. look here it's stamp there's most around of it there's already water under there that means that everything has to be cleaned federally and dried this is all because we've shut the planes down for too long. an airline grounded town says parked more than $100.00 aircraft around the world and even here the machines cost money and have to be checked serviced and moved regularly now that more and more people are being vaccinated and
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can gradually travel again leave town says getting the 1st planes out of the coronavirus sleep like this in a bus which will soon take passengers again. but i guess i'll tell you we'll need between 3 and 4 days to get this back into the air and that with a few more planes that's a lot of money that's a lot of effort and. nevertheless for the technicians every machine that they can bring back to life is a ray of hope germany's largest airline has had the most difficult year in its history of the mess of slump in passenger numbers caused by the corona pandemic the company has only been able to survive thanks to $9000000000.00 euros of government aid several 1000 jobs were cut and almost all of the $100000.00 or more remaining employees had their hours cut. this affected technicians like band peace as well as his colleagues in passing just services at the airport. on board flight attendants
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who are here as well as cockpit crew many say it could hardly be worse. every plane that comes back into service gives hope a little lift and a little thrust. these are the india this year will see that further progress in the development of vaccines and then the lifting of travel restrictions that there will be a bit of a silver lining hopefully and that soon it might be possible to unpack many more planes in order to stay in the picture of who could park in bits of dr who. nevertheless the lufthansa fleet after the coronavirus pandemic will be significantly smaller than before and germany's largest airline is reorienting itself moving away from business travelers and more towards tourist says the new target group. and finally another sign that infection numbers in germany are
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forming the various be a garden's can officially reopen this one in a mystery outside of munich is already attracting visitors with a woman only those big gardening regions with a 7 day incidence rate of under 100 allowed to open that's good news here is big business in bavaria just of that. lets you business update thanks so much. china has a new world power i way way tries to help us understand what's happening now in the authoritarian country that has heard so much information what are the exiled artists thoughts about the role of independent thinkers. what would an open dialogue look like. i weigh in wayne's struggle for truth close up. next on d w. first girl who could ever know for sure that it
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was as they are also some of the must search for model in support. of all. the debris of. the world is in flux and china's rule is increasingly important but in our khurana world order getting reliable information from inside the country is difficult and. god there was that. what exactly is happening in china and how should we deal with the country's growing influence we put these questions to acclaimed artist and activist i went way once a prisoner in.
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