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d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. east versus west. get a step ahead with the business beyond on you to ah, disney gets its magic back. walt disney smashes expectations for new streaming subscriber growth and its latest quarter that will that be enough. and the intensifying streaming for or it will go to new york for analysis. also coming up lithuanian economy is taking a hit after china announced a boy caught at the baltic nations. good european companies say they're getting caught in the middle to and will take you to left call,

where locals are hoping to find a silver lining to last year is devastating volcanic eruption. i'm still fetal any welcome to the show. walt disney co said it had added nearly 12000000 new streaming subscribers and the final 3 months of last year. that's far above the 7000000 subscribers analyst had been expecting. disney plus has quickly become a force in the world of content streaming since launching 2 years ago. but initial search and subscribers during the pandemic has cooled. disney stream strong results, contrast with those from industry lead, netflix, which spark concerns about the future of the industry. last month with a dismal 1st quarter forecast. now for more and less, i'm joined by our correspondent and waltz on wall street, jens corta gins. there had been a lot of anger. a lot of anxiety coming into these results from disney. has the narrative changed? is all good with the, with disney now?

well, i mean in the, since the last, the earnings report to the stock is down by about to 15 percent and to, for the last 12 months actually. 25 percent. so one of the issues for disney was that in pen demik time, so it was pretty difficult to produce new shells and films, meaning less content. and therefore at the last earnings reports, disney actually disappointed when it comes to subscribers for disney plus. so that says obviously change to the numbers a very strong and also the theme park business. it's getting much better. so it looks like the, at least if i look at the initial, after our reaction here on wall street that we see quite a pop in the stock price for what disney. so this is a bit different from what we saw from netflix last month, really catastrophic slide. and that stock about 20 percent after they said there

are with our subscriber growth is going to be much lower than, than analysts had been expecting. what do you make of this and what this tells us these 2 different reports about the future of the streaming industry? yeah, overall, i would not say that people are getting tired of streaming even if the economy around the globe keeps opening up. but there's just so much competition out there. so you have disney plus, you have amazon prime, you have netflix, you have a huge you, for instance, i looked it up. so you tool has about 5000000000 movie. it's shown of people watch $5000000.00 movies or shows or whatever on youtube each single day. so that has become a big force. and then what we've also heard was all this competition with all those offers that are out there. and some people actually wait for a certain movie or show, so they subscribe to that service at 115 the show they subscribe. so that's obvious

. the also seems to be a trend that some of those streaming services have to deal with quarter in new york . thanks so much now to some of the other global business stories making news. toyota has logged in on the 7000000000 dollar net profit for its past order that despite a global chip shortage, that has what production cuts for the japanese, japanese auto giant. it's lead toyota to lower its production goals for the full year. well as profit forecasts remains unchanged, cell phone replacement cycles are getting longer. according to a study european users hold onto a smart phone for 40 month, on average for us users, it's 24 months. that's more than 25 percent longer than they used to because of growing sustainability concerns. and the trend is that's a fake and 2 costs, phone makers, billions and revenue. now,

australia says it's standing by lithuania and met a dispute with china. the baltic country has been slapped with sanctions by china, including a boycott of its products, all because it allowed taiwan to setup a representative office there. now both lithuania and australia are calling on the world trade organization to intervene. the lithuanian foreign minister met with his australian counterpart on tuesday. so countries want to strengthen their ties and take to an action against china's trade blockade. and amid these developments, lithuania has urged countries to resist. what are called chinese coersion. here's what the lithuanian foreign minister had to say. both russia and china currently ask act as disruptors of the global rules they slowed up. so basically it's not, it's not regional. it's not just in the pacific regional issues or european regional issues is some of the global players that are acting destructively. and we

have to act act counter disruptive lee. or here in germany, the economy ministry is raising the alarm about natural gas stocks in the country. a stairs rise about a possible invasion of ukraine by russia. gas reserves in the country are down to near 35 percent. that's below the critical level that the government, the government says, is necessary to withstand potential extreme cold, not compare that to 2020. when analysts say stocks never dipped below 71 percent. meanwhile, japan is trying to help by sending some liquefied natural gas to europe after both the us and the you request additional supplies. the lithuanian foreign minister of gabriella, lance burgess, speaking there. as who as earlier did relations are frosty, between lithuania and china, all because the baltic country and taiwan are forging closer economic ties. taiwan as a self rolled island which nevertheless, beijing claims as its own. now china,

as i boycotting lithuanian goods, a blow for businesses. this lithuanian liquor isn't allowed in china. $60000.00 bottles were headed there, but within, diverted to taiwan. that district is very popular. in lithuania, it's inexpensive them and we're proud of it because it's made here is there, but it was 3 and i'm a kind of relations are frosty. between with a wagner and china and there's much more at stake than alcoholic beverages. china is boycotting all goods from the small country. the crisis was triggered by the opening of an official taiwanese representatives office in the lithuanian capital, vilnius. eric wong as ty, ones representative in lithuania and understands how tricky the situation is for his host country. chenise, the party of which is responsible for this. i think china should find

a solution. they should step back. lee should not do this any more. and at the same time, we understand that china will continue to bully towns, friend. so taiwan is willing to provide what, what, what ever assistance week we could over as recently as the summer containers were growing from lithuania to china via the new soap road route. in the meantime, china white lithuania from its customs database. the result, the loading terminal in lithuania is at a standstill with the when politicians, blaine, china, d r. c is trying to build a sino centric world, ignore the international world order. and instead of supporting fee market build a system where beijing's political will is dictating where businesses should go and

what they should do. the lithuanian economy is suffering from the boycott. german and french companies are also caught in the middle. china insists on blocking all goods made. in lithuania, german business representatives and the baltic states are counting on a solution through the world trade organization. class of all clear china is violating w t o rules here. the e u internal market is also affected us to because of our close economic ties going, which is why brussels has now actively intervened. that's it was in on active in concerts. and in the interest of our company, often we hope the situation will ease up soon. thus, this laga national inch bond. taiwan also wants to play it's part to ease the burden. it wants to fund investment projects in lithuania, to the tune of 1200000000 euros. a spanish island paul now was devastated last year by

a volcanic eruption that destroyed the homes and livelihoods of thousands of islanders. but it may also prove a lifeline for one of spain's poorest areas as investments and even taurus return. it's an erie and compelling sight solidified walls of lava 70 meters. high gases still seeping from the crater. it's also attracting tourists to le palmer, keen to see for themselves the aftermath of interruption that lasted $85.00 days may be continued. basso land zone is get holidays runs an 11 hour trip around the volcano for tourist, from the nearby island of 10, a refi at a $125.00 euros per adult. decided business is booming or so well. worse aren't for the local people. but the soft for the tourist. okay. because they seem new really, really close. these were can and i and you see the lab i and rest and her maybe maybe an okay as ah,

is good for the local people to ah, start with a new opportunity to on the tours. tourism authorities are investing heavily promoting the palmer, one of the less visited of the canary islands to help rebuild the economy. but they need to be sensitive to the needs of locals, whose houses and livelihoods were swallowed up by the lava flow. tourist gulping at the destruction could be salt on their wounds. holiday villas covered in lava, ash filled swimming pools. it's been a double blow. the volcano erupted as the island was still reeling from the impact of the pandemic. thank o. e l god isha. i should to remind you to cove it in the volcano. i think the german retired to reserve freight to come yellow. any but younger tourists will arrive and they'll keep coming back home and get back in a latitude when the tours are fatal to la palmer because they fall in love with this thought again on laura. the challenge now of the people of la palmer is to

create an opportunity out of a disaster. they hope that the you are of these surreal landscapes left behind by the volcanoes. destruction will ultimately help them rebuild their lives. and that's all from me and the business team. karen, berlin from our, from us check out our website, you'd be dot com slash business. we're also on the date, every news, youtube channel, and off on facebook until next time, take care. ah, brazil's government might have forgotten about them, but pantries, julio still looks out for them. so, paolo's homeless people, the pandemic has hit the most vulnerable, especially hard andries julio, cannot end the injustice. but he is able to give them some whole global 3000 next on d, w,

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