derosa lab, it's the heaviest cell. the city has experience since 2013 wintery weather has caused traffic disruption, and residents are advised to avoid trouble. but as you can see, some people just couldn't resist the lure of some seasonal fun. watching dw, that's very time. thank you. so much for your company. ah, my 1st vice i was a sewing machine. i come from, women are boned by this question. even something as simple as learning how to write a vice, i vote use them since i was a little girl. i wanted to have a bicycle of my own, but it took me years to life. finally, they gave up and went to buy me by cyprus, but returned with a sewing machine. so and i suppose was more appropriate for girls than writing them bye. and now i want to reach out to those woman back home for bone to buy their

duties and social rules and inform them about their basic rights. my name is de about oklahoma and i work with ah, they good bye to easy money. the federal reserve that south it's road map for ending it's pandemic stimulus. we'll see with that could mean for the recovery in the u. s. and the rest of the world and the volcanic eruption triggers an oil fill, an ocean away, and peru where people now wonder who's going to pay for the damage. and what was the winter wonderland without snow? will take you to colorado where climate change has to do is we're making her own

powder. chelsea delaney welcome to the show. interest rates are on their way up. that's the word from washington where the federal reserve has laid out plans for paring back stimulus to fight surging inflation. prices in the us are increasing ad rates not seen since the early 19 eighties, driven largely by energy and food. and march, the central bank is likely to raise the cost of borrowing for the 1st time in nearly 2 years and wind down at asset purchasing program that could help cool inflation, which is running at a fastest rate in 40 years. now fed chairman jerome powell addressed fears that are rate hike would hurt the job market. i think there is quite a bit of room to raise interest rates without reading the labor market. this is by so many measures historically tight labor market record levels of job openings of quits. wages are moving up at the highest pace they have in decades

now against corta, our correspondence in new york joins us now. yeah, and this was a highly anticipated meeting. what is your take away from what we've heard from, from power in the federal reserve here? well, chelsea, i would say what was most surprising is how often gerald paul, especially during the press conference, repeated that we are almost seeing max employment. so almost full employment here in the united states and that inflation is hotter than the federal reserve firm had expected for quite some time. and so that did sound a bit more aggressive than some market participants actually expected. tim, if you look at it overall, i mean the united states is expecting growth of about 4 percent this year. in general, that is pretty solid. and so it's crystal clear that in march, if nothing dramatic and happens, we will see the 1st,

the increase of interest rates followed by a couple of other mix in the remainder of the year, we get the prospect of the fad turning off the stimulus tops has been causing a lot of volatility on markets in the past couple of weeks. what has the reaction been from wall street today? well, it was actually pretty strong reaction. initially before the meeting ended to blue chips were up to $300.00 points, then we got the end of the fed meeting. nothing major happens. but then when jerome paul started to prep press conference, that's when the stock prices started to drop at some points. blue chips were down by about 300 points, so that's the point swing of more than 600 points during the training session. i mean, if you look at it historically, when we are in faces of rising interest rate,

that has often been a pretty good time for stocks because the reason why the federal reserve is increasing. great, because the economy is strong and not weak having that set. and that's going to be one of the big question that the u. s. economy especially also the stock market has been on the rise so strong in the past couple of months in the past, almost 2 years is mainly because of all the similar measures from the us government . and because of the ultra cheap monetary policy of the federal reserve, and if those to a pillar so to speak, are taken away, we have to see how markets and how the economy react. that may be one final word. we shouldn't forget. it's not due to the federal reserve to make their stock market happy, and they have to look for price stability, corporate employment like a point there. again, thanks so much for joining us. now the ripple

effects of a volcano in tonga are washing up on the beaches of peru. the eruption triggered as to nominate soon ami that had peru including an offshore refinery. peruvians are joining the queen of effort while the government demands compensation. here at this beach off the coast of lima. every high tide brings in more oil. that's from us spill over a week ago. that dumped 100000 leaders of oil into the sea. the situation is dire. salons are offering free cuts to collect hair from local to accelerate cleanup efforts with its oil absorbing properties. every little bit counts. and for peruvians, it's personal. one woman even brought a braid of hair from her deceased sister who she said would have wanted to help.

but even as people here do whatever they can, they say the heavy lifting must come from reps all the oil company. they accuse of negligence. from this point i ratify my government's commitment to not only sanction this but to also hold reps all responsible. this business must make payments to the residence for damages and it must fix the damage done to nature. and the c, alyssa of protests topper rubbed it, and the peruvian government is investigating public prosecutors se spanish stone reps all. could facie 30000000 euro fine. the pump p a refinery is responsible for over half of peruse oil production. but the government says it apparently didn't have a contingency plan in place for such a spill around $1500.00 traditional fishermen work in the area earning between $12.28 euros per day,

where this hand to mouth existence just got more difficult. no, nothing in that. nothing is selling the, the people well, you saw the spell, the fish more than anything, give off the smell of oil and people don't buy them and they don't eat it because they're afraid of getting poisoned. that's why because of the oil spill wine, they both the writing work was in full swing and they cut off our arm via the tourism sector has suffered through 2 years of pandemic waves. now, businesses are bracing as waves of oil wash up on the shores of at least $21.00 peruvian beaches. but if a, if faith on the filament, this is not only affecting fishermen, every port, all peers, all the beaches move in lockstep with the fishermen made. if there is fishing, taxi drivers are in business restaurants where people come after swimming and so on . not just on the weekends, but also on weekdays. when they came to my family domino valuable to the left of

the meaning reps all says it's working with clean up crews in the area. and in a statement on their website added, they want to remedy the impacts of the bill. but if the peruvian government has its way that remedy could include a very big check. now to some of the other global business stories making news, china's trade in goods has jumped 8 volts and became a member of the world trade organization 20 years ago. official figure, sho, combined imports and exports top more than 6 trillion dollars for the 1st time in 2021. us playmaker. boeing thing to last in the last order, due to charges linked to production, problems with its 787 dream lighter. this came after 2 quarters of profit fuel by rebounding delivery for the 77 math. electric car maker tesla has posted our record profit of $5500000000.00 for 2021. despite widespread setbacks and the supply chain of electric batteries and other part analyst and investors are choosing to focus on

the company's ability to keep up with production, promises at 2 of its new factories. now when the world's top skiers and snow borders converge on beijing next week for the winter olympics, they'll be competing almost completely on manmade snow. it's not just paging more. your resorts around the world are faking what the weather isn't making. hitting the slopes is a time honored tradition and a sport in many parts of the world like here in colorado. but as soon as last month of winter since 1980 and warmed about 3 degrees fahrenheit. where has that month of winter gone? a warming climate and route in the western united states has changed a snow patterns. experts say with current warming trends scheme may not be a viable industry in colorado beyond 2050. that would be

a huge blow to local economies. in the u. s. a 2018 survey estimated the winter sports industry is worth $20000000000.00. but in colorado alone, a 2015 look at the industry there showed that it contributed nearly $5000000000.00 worth of economic impact each year. snowmaking is now seen as a way to make up for the delayed natural snowfall. yes, making is really important to our early season because there's a ton of people that want to ski. and colorado usually starts getting really good natural snow like it's doing now. sometime in december and so we rely on so making that early part of november, i just kind of get things open, get a solid base, get people out and excited, and then i can a bridge our way into the national snowfall. according to the colorado beast national ski areas association, 87 percent of their $337.00 alpine resorts have snow making capabilities.

but critics say snow making is really more of a bandaid than a long term solution. really is just a short stop gap. you know an adaptation strategy in the end. what needs to happen as we have to get the fossil fuels turned off and the quicker we get them turned off, the longer snow making may be a viable adaptation strategy. over the last century, snow pack has decreased by about 20 percent in the western united states. it may be all downhill from here for some of these iconic winter sports destinations. now before we go, beatles fans will have the chance to own a virtual copies of guitars, clothing and song lyrics that once belonged to john linen. the items are going up for auction in the form of non hon tokens or an f t 's winning bidders will walk away with the unit of block chain data that gives them access to unique digital asset linen son julian views. the latest chapter create as

a way to share the sentimental items without having to part with them. and that's all for me in the business team here in berlin for more from us, check out our website, w dot com slash business. thanks for watching and see you next time. into the conflict zone with sebastian the streets of hong kong, a quiet these days. the pro democracy movements have been tamed. this week we talk for a 2nd time to regina, long time, low amaica in hong kong, legislative council ahead of the prob, aging new people's party. what kind of future for hong kong now with

me, they were murdered, exterminating both their existence and history buried. and yet some people still experience their presence the ghosts of war song. murano 25 minutes on d w. ah. please listen carefully. don't know how those 2 things you miss to the girl. ah, feel the magic discover the world

around you. subscribe to the w documentary on you to the streets of hong kong, a quiet these days. the huge demonstrations of recent times, long gone, the pro democracy movements have been tamed. bathing patriots of fully in power. as one po, china, a politician, put it, the traitors have been excluded. this week we talk for a 2nd time to regina a long time lawmaker in hong kong, legislative council, and head of the pro beijing new people party. hong kong we unified with china under the kind of repressive rule but tolerates no descent. you happy now with that.