welcome to the strip could trigger an exodus of its own was big international demand for replicas, expected among marley funds, football supporters and the vast irish diaspora. all thanks to a concert here that continues to inspire dubliners 42 years on you can always get dw news on the go. just download our app from google play or from the app store that will give you access to all the latest news from around the world. as well as push notifications for any breaking it's. and if you are part of a new story, you can use the app to send us photos and videos of what is happening, where you are coming up next on d, w business. wall street tumbles on interest rate. fears said june, for that one

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as central banks prepared to turn off the stimulus, tap will hire interest rates, put an end to the stock market, brought up. we'll go to new york for analysis. a controversial new vaccine mandate and france has businesses worried about getting caught in the crossfire and poland was supposed to adopt the euro currency after joining the e. u. but how far has held on to his beloved bossy? well, it's falling value change, war falls, mind we'll take a look. i'm chelsea delaney. welcome to the show. us markets plunged before we're covering losses and a volatile day of trading on monday. the s and p 500 at one point monday had fallen by around 10 percent since setting a new record just 3 weeks ago. investors are looking for safe havens ahead of a federal reserve meeting on wednesday. the central bank has said it will likely we're borrowing cost $3.00 times this year to fight surging inflation. but

investors fear it will move even more aggressively mounting geopolitical tensions are also weighing on traders. mines as russia continues at military build up on an order with ukraine now again, quarter or correspondent on in new york, joins us now. so yen, we've seen really a roller coaster today on wall street stocks, a one point down about 2 percent. they recovered, coming into the end here of the trading day. what do you make of this sort of roller coaster ride? and then the perception of, of higher interest rates coming. yeah, that was definitely quite something a child see right here where it happened to him in new york stock exchange ships at some point down by more than 1100 points. so that was almost some sort of a capital nation. and we have seen that in the past that if we reach that point in the stock market, that might be time for a little come back. so that company was successful on monday. let's see what is

going to happen in the next couple of days. by the way. a tech company is in the form of the not the cop was it at some point was down by about 4 and a half percent doing the trading session that you already mentioned, a couple of points. so there is the outlook for an interest rate being on the rise . by the way, historically, when we have cycled where interest rates are on the upswing, that often has been a good time for the stocks because it also shows the federal reserve is optimistic about the economic outlook. but then also what will matter in the next couple of days is all those earnings reports that we are getting this week. for example, from microsoft, from intel, from boeing, from an apple. so we've seen it last week with netflix for example. if growth is going to slow down, that definitely gets punished at this point. but i also want to ask you about acoya,

which also has had a bit of a wild right in the past couple of days past couple of weeks. what is the outlook here for bitcoin in an interest or higher interest rate environment? can it survive and something like that? well adjusted no question. i mean all those crypto currencies had some massive losses in the past couple of weeks. just look at bit coins that were at almost $70000.00 a piece in november here on monday they toyed with the $30000.00 mark by the way. that is a very crucial to pointing line for that a bit coin. and i would say quick currency is probably can survive higher interest rates. the biggest threat might actually be a regulation. last week, for example, we heard from russia that there at least to thoughts from the central bank to maybe block mining and also trading with crypto currencies. we've heard similar remarks from china in the past, so that actually at this point could be the biggest threat can quarter in new york

. thanks so much for that analysis. now the euro celebrates 20 years of existence this year, but many europeans still pay with their own national coins like the polish today, the introduction of the european currency and poland seems even further away than when the country joined. the you in 2004 in poland, people still pay with the swati. when the country joined the e. u in may 2004. it retained its national currency even though it committed itself to introducing the euro. but various criteria have to be met before that can happen, including price in exchange rates, debility in poland, case a constitutional amendment would also be necessary for my up give. it's up to the governing national conservative peace party. poland will stick to its own currency despite inflation that reached nearly 8 percent in november. i was, i have

a problem. so the problem with our current government is that it depends on the votes of the most conservative members of society. for this month, we'll yesterday, who came to present, and nobody calls her about the people who are largely euro skeptical. yeah, our us to fit not e, and you especially dislike free market economic policies that a yellow be boyish hour before the pandemic. a majority opposed. introducing the euro, but that's changed with a slim majority, willing to jettison the swati some angry that it's losing its value in a word, it's bad. she nautical, i often travel abroad, so the price of the euro is important to me. it's not a joke. i think you can see what's happening to our national bank and the economy. this is the bottom. no, it's hopeless. hopeless. the luxury, the polish investors made the plunge long ago, increasingly relying on foreign currencies, such as the pound, the dollar,

and the euro. that's a lot of can i would a legal are fleeing our currency with their savings coming. we even recommend it all the time. if someone is looking for stabilization that invest in euros or other currency, that's the prices and fluctuations prevailing in poland right now are very destabilizing, especially for businesses. so i should lecture champion psych trade with other e u countries is particularly important for polish companies. the most important trading partner is germany. a common currency would also help there. though many polls are in favor of the euro, the fear of price increases remains. so not because at that of incomes would rise slowly after the introduction, but prices would rise immediately. no wonder people are afraid, it seems that poland won't be adopting the euro any time soon. not only due to e u requirements, but also due to the lack of political will. now to some of the other global business stories making news,

american companies are concerned about coven 19, and workers shortages, despite a strong end to 2021. and a quarterly survey by the national association of business economics. more than 57 percent of employers, they, they faced skilled labor should skilled labor shortage, excuse me, just over a 3rd said they are worried about spiking cobra 19 cases. ailing chinese real estate developer ever grant will get financial aid by beek won dong provincial government. a state firm official will also join its board of directors. investors see that as a sign the government is seeking to stay stabilized, ever grand, which has a debt low topping $300000000000.00. now in france, a new law has gone into effect. barring the unbox needed from dining out riding public transit or attending sporting events, it comes to france faces one of the biggest coven 19 outbreaks in europe. but many businesses are struggling to handle the backlash to the new rules from angry

customers who will be in preparation for the day's dinner service on their fault and briefs, his staff on the proper way to serve scallop broth and what to do if a customer presents proof of vaccination that doesn't seem legitimate. it's a responsibility. he's not too keen on the job. is to do it gives us an extraordinary power to one part of the population to check another part of the population. he could do both, and that is not a good thing. blue book, millions of people work in this industry. exposure and roughly 400000 of them will have to be checked when they show up for work. what gets will be like will, how can you be sure when will that out of that number? there won't be any abuse or things that will go wrong. y'all the, the, the, the issue of dealing with sympathy. some fellow restaurant owners say the legislation is intrusive and won't be following it, but if they're discovered, they could face a fine of 1000 euros. the price for customers caught using

a fake pass multiple times is much steeper. they can be punished with 5 years in prison and a fine of 75000 euros wilson. i don't find the new law shocking at all. i think it might persuade people to do more than just get tested as soon to film long, and instead we finally get vaccinated to self vaccination. driving people to finally get vaccinated is exactly what the new law intends to promote. now serbia has scrap plans to build a lithium line after weeks of protests and road blockades by environmental activist victory for those who took to the streets. but how long will it last? despite repeated intimidation from authorities? thousands of protesters march to the capital, city of belgrade, and other cities for weeks denouncing the project on environmental ground. leaders of the balkan country had promised mining giant rio tinto, $2400000000.00 to build

a lithium mine in the western part of the country. lithium, the lightest metal is used in rechargeable batteries found in many consumer electronics and an electric cars. serbia's popular government expected to capitalize on the countries natural deposits when they made the deal with the anglo australian corporation. but after grassroots pressure, they conceded and canceled all plans for the mine. east nearly half will fill it all the requests of the environmental protest and put an end to rio tinto in the republic of serbia. thought everything is finished. it's over. critics of the government believe the administration is just trying to appease voters and that it may have other plans after april general election serbia as a candidate to join the european union. but has recently been forging close ties with russia and china. and that has some worry that the strategic deposit might

ultimately end up in chinese hands. and before we go, truffle hunting and extraction in italy has been added to us because list of protected and tangible cultural heritages of humanity. italian farmers and especially trained dogs that help them sniff out the delicacies or rejoicing in the latest decision. truffles have long been a luxury, but now 100 grams of trouble will cost you a hefty $500.00 euros. farmers worn that climate change, the lack of upkeep of the woods for troubles grow, it's reducing harvest and that's all for me and the business team here and for land for more from us, check out our website, t w dot com slash business for also on the g to the news youtube channel. until next time, take care. back

to life after terrific crash. vs and tossed barely survived a near fatal accident. now, the indian motorcycle racer faces his biggest challenge, yet. finding himself a heroes remarkable come back. read. next on d w. the super latino is simmering with euro and if agree and field near naples, rumbling once again, researchers are monitoring a change in their volcanic gases. they are familiar with the signs of a potential blast, but spontaneous super volcanic eruptions are still shrouded in mystery. to borrow today in 60 minutes on d. w. oh.

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