you, as president biden has urged, is real to de escalate its conflict with hamas, but it is really prime minister benjamin netanyahu says he is determined to continue the operation in god's you're up to date for now. d w. business news is up next with steven beers around and we'll be right back. the guys have the secret lie behind me discover new adventures in 360 degree and explore fascinating world heritage site. he w world heritage $360.00 now the against the corona virus pandemic has the rate of infection in developing

what measures are being taken. what does the latest research say? information and context, ah, virus updates and special monday to friday on d. w. in the, the big coin slide continues as time with a dramatic one day tumble, crypto currency down 30 percent at one point on wednesday. after china signals the crackdown on digital coins and investors reconsider their speculative best. also on the show, the u. s. lose a major hurdle to a controversial gas pipeline between russia and germany. we'll get the latest on nordstrom tube. and governments have piled cash of developing coven 1900 vaccine. but funding for cov a to has been scarce. that's the beginning to change the globe work of the show. i

see there's the in berlin, investors that bitcoin on a rollercoaster ride wednesday. currency plunging below $40000.00 early in the day and briefly trading below 30 percent before recovering some of those losses. driving wednesday, shock with an announcement from the people's bank of china banning financial and payment services from using crypto currencies. digital coins have also been taking more losses in recent days as investors appear to 2nd guess the heavy rush, the past few months. really. so if he ends quarter in new york for more on this yet good to see what's behind this, this, this rush that we've seen right now. it's up one moment. it's down the next moment . give us a big picture of what's going on with the coin. well, i mean it's boom and bust then to this recent crisis while it's in the making. i mean, pressure has been building up in the past couple of days. first, a couple of tweets from a 1000000000 to from illinois where enough to already build some pressure. and then

as you mentioned this, and you said that there might be some regulatory pressure out of china. and i mean, we've heard similar stories recently from other countries. finally, did the trick and it was quite amazing when you'll see that bitcoin, for example, drop by a good to 12000 points in value at some point. if that's really going to be the start of even more pressure remains to be seen. i mean, j. p, morgan was saying that maybe institutional investors lost a bit of appetite when it comes to crypto currency. so that should turn out to be too that we might see more pressure. but on the other side, we also shouldn't forget in october because we're where at around $10000.00 apiece . and then mid april, they were at about $65000.00. so it's just natural. so what comes up at some point also comes down is looking more broadly markets down again today because of these inflation fears. do we have any better idea of if and when interest rates could

rise? well, i mean that still might take some time, but that does not mean that there's a federal reserve isn't going to act sooner than expected. so we got the fet minutes on wednesday. so that's the protocol of the last the fed meeting. and what we did here is that more and more members are a pleased talking with the idea to maybe a little bit the bond and mortgage pe, program the federal reserve for every single month to spending a 100 $20000000000.00 on treasury and on mortgage papers and you might see here in the brooklyn neighborhood, i mean, people are out there spending money, travel is up, the economy is doing much better. and if that passes, so it's going to continue. then at least this a buying program might be scaled back a bet. and a bit, and then the next step would be an increase in interest rates, but it's too soon to really give it a timeline here. just one more mentioning of the fet minutes that we got that

a report was made even before we got those latest super hot inflation numbers, the consumer price is produced, price is said spike so much. so that's not even included in this report that we got from the federal reserve. right? yes. quarter keeping track of things in new york. thank you. should company patents be lifted uncovered? 19 vaccines. was one proposal to boost distribution of vaccines and poor nations opponents. there are better ways. wednesday, the head of the w t. o was in brussels to meet you leaders and look for a common path. you chief ursula on the lie and welcome w appeal. director general on goes the andre you ala on wednesday. as the debate rages between brussels and washington, although weather lifting copied in 1900 bucks in patrons with booth supplies to poor countries. the idea which was pitched by india and south africa to the w t o. in august gained momentum this month after the united states backed it,

but most european countries are against it. they are convinced the issue is one of production facilities. and we need to continue to ramp up production as a commission call some countries which are already capable of producing that seems and watson. i did a large part of a population follows you example, and immediately start to shares, production place, other countries in, since you have been under pressure to present an alternative to waving ip writes on vaccines. and now it says it has a comprehensive plan which it will present to the world trade organization at the beginning of june. let's take a look now. some of the other business stories making headlines. air buses reportedly planning to close one of its 2 plants and the port of cottage in southern spain, which primarily produces the, a 380 jumbo super jump. other air bus has ended a 380 production before the pandemic,

as demand for large airliners was already collapsing. the closure would be the 1st significant factory closure. in the company's 50 year history. singapore airlines group has posted a $3200000000.00 us dollar annual loss and what it stops the worst year in its history. as the pandemic whites out 98 percent of its passionate passenger traffic for airlines as an industry bellwether and the results raise fears the pandemic who bankruptcy weaker carriers car sales and you are covering from a near standstill during the pandemic data showing that $862000.00 vehicles restored on april 3 times as much as a year earlier, but still down from pre pendant bubbles. growth has been strongest in italy, france with united states as waves sanctions on the company overseen construction of russia, north north stream, to pipeline in germany into germany. rather, the move is already being welcomed in berlin and russia, and northeastern to is already 95 percent built out and run through the baltic sea

mostly parallel to the previous north stream pipelines you'll see mapped out across here. it begins the russian harbor town of fi board on the one side and it enters in already completed terminal in the german state of mecklenburg, western pomeranian of the u. s. as clean the pipeline would make your up to dependent on russian energy, while also marketing its own liquid natural gas to europe. the us state department is now expected to report to congress that the project company, north stream ag did engage in sexual activity with it. it was in the u. s. national interest wave sanctions earlier asked d. w as chief international editor, richard walker. if the decision means washington is effectively dropping its opposition to the pipeline. well steven, no, actually it doesn't. in fact, the u. s. position has been pretty adamant all along ever since the administration began and goes back to the trumpet administration as well. and even texas state, tony blinking was re emphasizing this in

a phone call to his german count yesterday. but what is happening here is that the escalating, it's all positions, it's essentially just not going ahead with the sanctions on the company at the very heart of the project. which of course, will greatly increase the likelihood that it actually finally gets finished. what's behind this change? of course you said the escalation, what does that mean? yeah, well essentially what could biking ministration appears to be doing here is recognizing the fact that the german government really doesn't want to back down the street. they've been pretty, equally adamant that they want to go ahead with it, that it is a commercial venture that the government kind of has no business going in and pulling the rug from under it. and the biking ministration appears to be. now calculating that it is not worth a major confrontation with germany over this project, it needs germany on its side for too many other issues. for instance, of forging a more common line towards china. and it's quite killing because, you know,

we look at water, german officials have been staying behind the scenes of the last few months. they've been indicating that they don't think the bike and ministration really wants to push this into a major confrontation. and this seems to be showing that they were right, and they seem to want this show down over this project at least as, as things stand now, at the same time or so we can say they're still opposition to this. what hurdles remain for this project? yes, certainly our still potential hurdle since lived later this year in germany in september there's going to be an election. the green party looks very likely to get into the next government. so if this project is not completed by them, that could raise new questions because the green party is strongly opposed to the pipeline, not just on to political grounds, but also on climate change grounds. the other potential prospect is that the project gets finished, but shutting it off remains as a potential leave of for germany in the future disputes with russia, that is something that german officials have also mooted as

a potential compromise with by the t t w's chief international editor richard walker, talking to me there earlier. you may have noticed that the past year has been all about cobit vaccines, developing them, trialing them, and rolling them out across the world. all that effort in such short time has taken massive money, of course, because you know, increasing for more funding to go to cobit treatments. german government says it's listening. switching off the corona virus, making it harmless. scientists and branch like germany gave themselves that task. 12 months later, they seemed to have reached their goal. my medical mentally afraid in the most of the drugs that are currently in development, treat moderate or mild coven 19 infections. but our drug is specifically designed to cure the really serious cases, and we're having a con call high. and so this research and the 1st clinical tests have been financed primarily by private investors and a state investment bank. currently,

the federal government is providing a total of $50000000.00 euros for corona virus drug research, a funding part that has to be shared by several companies. by comparison, 3 vaccine research projects received a combined total of more than $740000000.00 euros. germany's research minister says vaccine trials need more volunteers. that's the, that's a cost, a lot of money. you simply need larger sums because of course, the vaccinate healthy people. i need many more healthy volunteers to participate in that. the other is starting a therapy with a drug for already sick people in a very targeted way by nevertheless, a rethink at the federal level seems to have begun further funding has already been announced. and she is a reminder of our top story, this our the coin plunged below $40000.00 for the 1st time in more than 3 months. the latest dropped coming after china caught upon financial institutions in the

country to no longer allow payments, encrypt occurrences. and that's it for me and the g. w. business team here in berlin. as always you can find out more about these and other business stories online, e w dot com slash business checks out on facebook and twitter and seeing beardsley watching the news . the news, it's been ongoing quest for the arab spring began in 2011 people stood up against corrupt, rulers and dictatorship. all these moments had left the box in my memory. the me,

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