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a global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect habitats? we can make a difference. global ideas, environmental series in global 3000 on d, w, and online. oh, disney gets its magic back. walt disney smashes expectations for new streaming subscriber growth, and it's 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 paula, where locals are hoping to find a silver lining to last years devastating volcanic eruption. i'm chelsea delaney

welcome to the show. walt disney co said it had added nearly 12000000 new streaming subscribers in the final 3 months of last year. that's far above the 7000000 subscribers. analysts had been expecting disney plus has quickly become a force in the world of content streaming since launching 2 years ago. but an initial search and subscribers during the pandemic has cooled. disney string 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 in this, i'm joined by our correspondent and waltz on wall street, jens corta. so again, there had been a lot of angst. 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, 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, a really catastrophic slide. and that stock about 20 percent after they said there were subscriber growth is going to be much lower than,

than angela 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 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 quarter. that's despite a global chip shortage that has what production costs for the japanese japanese auto giant. it's led to lower its production goals for the full year. well as profit forecast 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 is 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 to cost 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 set up a representative office there. now both lithuania and australia are calling on the world trade organization to intervene. the lithuanian foreign minister and met with his australian counterpart on tuesday. so countries want to strengthen their ties and take to an action against china's trade blockade. andrew 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. as there's 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 supply relations are frosty, between, with the waiting and china all because the baltic country and taiwan are forging closer economic ties. taiwan as a self hold island, which nevertheless, beijing claims as its own. now china is boycotting lithuanian goods. a blow for businesses. this lithuanian liquor isn't allowed in china? 60000 bottles, we're headed there, but within,

diverted to taiwan. yet this drink is very popular. in lithuania, william, it's inexpensive them and we're proud of it because it's made here. it's there, but it was pain. i'm a kind relations or frosty between with the when you're in 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 long as ty, one's representative in lithuania and understands how tricky the situation is for his host country. chinese 3rd party of which is responsible for this. i think good china should find a solution. they should step back. they should not do this any more. and at the same time, we understand that china will continue to bully towns, friend assault i,

one is willing to provide or what, what ever assistance week we could over as recently as the summer containers were rolling 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 waning politicians, blaine china fear sees 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 renewals 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 soon 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 palm. i 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 tourists return . it's an eerie and compelling sight solidified walls of lava

70 meters. high gases still seeping from the crater. it's also attracting tourists to la palmer, keen to see for themselves the aftermath of interruption that lasted $85.00 days. maybe contin lasso land zone is get holidays runs an 11 hour trip around the volcano for tourists from the nearby island of 10, a refi at a $125.00 euros per adult design. business is booming or so well worse art for the local people. but the soft for the tourist. ok. because they seem new really, really close. these were can and i and you see the lab i am 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 all. thank a 2nd about a kid. we need tours are faithful 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 here in berlin. for more from us, check out our website, you w dot com slash business for also the deed, every news youtube channel, and also on facebook until next time, take care cleaning up after the eruption clearing out tons of lava. quimby via home la paloma, has finally been extinguished despite the devastation. many residents are optimistic. they want to reclaim what the volcano took their home focus on europe. next on d. w. and to the conflict with sebastian 6 months since. so

caliban fees, power, and the killings another human rights abuses. i've gone on multiplying my guesses week from cowboys shop. you live um taliban director general of the foreign ministry. they really believe they can play nice with al qaeda and the west at the same time everybody coleman planes with conflict loan in 60 minutes on dw. oh mm hm. we're all good to go beyond the obvious. ah, as we take on the world, i do all this is weird all about the stories that matter to you.

whatever it takes, 5 policemen follow me. do you know we are your is actually on fire made for mines. ah ah ah hello, and a very warm welcome to focus on europe. it's been called the most dangerous moment in europe since the end of the cold war with russian troops massed at ukraine's border fears of an invasion, have put european nations on edge away from the front lines. it's hoped a flurry of.