find out exactly what that means. and turning last year's fashions into this year's look, are spanish company that, that the forefront of recycling fabric. long walk into the show. i'm sooners the in berlin. chinese president, she ging ping has urs hong kong to prior to prioritize containment measures. as coven 19 case numbers explode, and threatened to overwhelm the territories hospitals. the financial hub is wary for the restrictions with it's our economy having already taken quite a hit. as far as hong kong is concerned, it's the kind of misalignment that's been unusual recent years president, she saying one thing, while hong kong chief executive carry lamb seems to indicate another. after all, china's leader is quoted as saying hong kong must mobilize all power and resources to take all necessary measures to ensure the safety and health of the hong kong people. are you doing in what they will not good if you watch upon the light becoming lamb appears to back

a relaxation off the cove. it measures and then i will have to say it very clearly that we have no plans for any wise bread. said he locked down as you have seen in some of the other places. this apparent loosening would come as infections here are on the rise. hospitals are overwhelmed with little room to accommodate patience. the territory hit a new record high in daily case, number's on monday, choose to get tests are often long. yet hong kong has come fast since the start of the pandemic. one reflection of this is in the economy which has returned to growth this year. economists expect hong kong g d p to rise 2 to 3 percent. whether she's latest words will force reversal and hong kong remains to be seen. but as always, it's a balance between new measures to reduce the strain of hospitals and staying open, keeping the territory on the path to economic recovery didn't correspond at so dong

han joins me from taipei. so let's start with the situation in hong kong. the city was falling, mainland china 0 coven plan, but it now appears overwhelmed. how have things gotten so dramatic or the 1st reason is on the chrome, hong kong, as an important international transportation hub may be able to prevent other strains of the virus, but not infectious on chrome. the increase in congregate activities do in chinese, new year was also an important factor in the major outbreak. another obstacle is the cities destination rate, which is low compare with many developed countries, only 70 percent of residents are fully resonated and less than half all the elderly in hong kong of is needed. we know hong kong now follows as they will call the policy as emission from l in china. but it's more difficult for hong kong to carry out clothes that management. these are the difficult situation that hong kong has to face that. so those comments from she ging pain coming after hong kong chief

executive carry lam recently said, quote, we have no plans for any widespread city locked down. as you have seen in some of the other places that appears be reference to mainland china. clearly, there are tensions about the best way forward between hong kong and china. yes, our, if you are, look at why 15 pins said earlier, you know that his words is very strong. this like top down instructions to ask the hong kong officials, so stop the epidemic. but if you ask the patriotic, are politicians now in hong kong, they will say that he didn't just express his care for the people upon con and gave important instructions on supporting hong kong in the fight against the epidemic. but given the political situation now in hong kong, the government is stocked between more voices, urging them to live with the virus. and the 0 call the policy that central government forced them to abide by on with she's him his top down words. the

paradox is more obvious then before where we should note patriotic lawmakers here means those who sympathize more with mainland china. so what does this mean for hong kong as a financial center? when there is this kind of dispute between both sides a both american chamber of commerce in hong kong and the european chamber of commerce have recently reported that hong kong colby prevention measures have aggravated the brain, drain of international talent, talent, and the withdrawal all for an investment and the european chamber of commerce, even say the hong kong locked up may last until 2024. this was mean a wave of withdrawal of capital. seriously threatened in hong kong status. us international financial center. all right, so it's on han in, so i pay thank you very much. and now to some of the other business stories making headlines. air b and b has posted a 4th quarter profit of $55000000.00. the short term rental company's revenue

soared above pre pandemic levels, reversing a huge loss a year ago. it predicted that bookings and prices will continue to rise this year, as demand for travel strengthens u. s. chip maker intel says it is acquiring is really firm tower semiconductor for $5400000000.00. the deal could help give the california based company an edge in its industry. last year, intel was the world's 2nd largest semiconductor manufacturer by sales volume. after south korea's samsung, the european commission has set out a 6000000000 euro satellite communications plan, in a bid to reduce the blocks dependence on foreign firms and to protect key services and data. it comes amid growing concerns over russian and chinese space activities . so was competition from commercial players like la musk space acts? the program will be launched next year. with a disney is appointing an executive to lead the company's met over strategy in

a memo to employs. disney c e o described virtual reality as quote, the next great storytelling frontier the met a vs, a network of virtual spaces. a concept recently recently revived by meta c e o. mark, soccer bird for entertainment, socializing, and working with others in real time mark. i think he's in the over the d. w. business reporter christy clouds. and christy, we may have associated this idea of the metaphors, more recently with facebook now named meta in fact, but it's not the only player here. what could a disney version of the members look like? right, well we've heard disney's c o making a few different comparisons or metaphors, i should say to what this could mean for the company. i, he said it would be something of a 3 dimensional campus for disney's army of creators. he's also described it as a canvas for these creators and saying that disney basically wants to a basically completely blow up. and the idea of what watching

a film could be is like what listening to music it is like. and what going to theme parks are, is like, these are all areas that disney is involved in. of course, in this positions the company, i'm somewhat uniquely to move into the met of ursa. disney a is involved both in creating content, creating stories, storytelling, but also has these physical attractions in the form of it's a theme park. so we don't have a lot of concrete details about what they have in mind. yet they have some of the most creative minds, the world working for them. and we should be seeing some interesting stuff coming out of there. but it's also appears to be something of a global push. we're seeing that more chinese companies are upping their investment in metaphors applications. how much coordination can we really expect between all these players as they now make this great push? right, the question of coordination when it comes to that this met averse concept is really going to be a very interesting one to follow. a lot of people are calling the metaphors, basically the next generation of the internet a. but we're seeing some major discrepancies. i'm in these early days of the

metaphors that we just didn't see when the internet was, i was 1st getting going. and this coordination a, it's going to require a lot of coordination technologically. i'm also when it comes to regulation, i'm and if this was going to be a major hurdle, actually for this coming to fruition. now what we're seeing right now is much more of a land grab quite literally in some sense a lot of a brands companies buying up digital real estate building, digital and stores. there are so much more of a competitive spirit. also, if we look on a more national level, talking about china as you just mentioned, and we already know there that are there. we're dealing with the great firewall when it comes to internet access a lot of restrictions there and not this freedom of movement. and that we're maybe think of when we think of the early days of the internet. also thinking of, of this metaphors concept and china has really been cracking down on its tech a tech sector, also crap tracking down on crypto currencies. these are major technologies that are underpinning the metaphors. so i wouldn't say we're seeing

a lot of cooperation or coordination yet. and it will definitely be interesting to see how that plays out. or i think of you business reporter chrissy plants and thank you. consumers produced $94000000.00 tons of textile waste globally every year. that's according to expert estimates in spain start up has taken up the cause of saving work, we're from the trash can. but is it really cost effective? take a look, a sewing shop for the disadvantaged in barcelona. the employees here produce sustainable workwear for the start up circular by co founder louis city ball wants to supply a customer with new chefs whites right away. he says it's the design of his company's clothes that makes the difference. and cindy determines almost all the sustainability of a garments isn't up in the buttons, for example, have to be quick to remove, otherwise they interfere with recycling. but more on that later louisa we bought,

takes the chefs jackets to a restaurant. the owner puts an emphasis on locally sourced ingredients, so why not locally made uniforms to config. glad that it was lap with circular way now have the opportunity to get back into the cycle. effie. glad lateral. we aim to recycle the clothes and not produce waste from i'm in doubt. maids important for us with health care for those katie, i'm happy with that. so now when the chefs jackets and aprons have had their day, they can be sent to this company. it's recycle textiles for almost 100 years. it uses them to produce fleece. that's then given to another company that spins it into thread, out of which weavers make new fabrics. but the market for fully recycle clothing is not there yet. for, for an owner from crestview, often that's our dream, our real goal to make new work where from recycled work, where after all we can see the economy moving in that direction. but in the end,

it's all about efficiency. that mean quantities and it's all about the willingness of customers to pay more than they do right now for a product with a special story. in fact, one with the huge quantities waiting to be recycled here are left over from textile production without buttons and without slippers. so in order for shirts or trousers to be recycled, they have to be prepared. no, so those be most good recycling. one closes more expensive critique lecoq a and is sorting, and classifying them is more laborious because all of foreign objects have to be removed from them. he bought a 3rd circular, however, is betting that its recyclable cooking jackets will soon be repurposed here. because starting in 2025, the e u textile strategy is set to ensure a more recycling and less dra away fast fashion. and finally, private space flyer, virgin galactic is sets a re open ticket sales to the general public. last year the company flew as

flamboyant founder, richard branson, to the edge of space. virgin galactic is just one of the companies looking to blast through us out of the earth. earth at earth's atmosphere other but it'll cost you a cool $450000.00. a ticket. the share price of the company rocketed up by over 30 percent on the news. right. that's it for me and the dw business team here in berlin check us out online dot com slash business is watching. ah ah. with

a co owner virus pandemic. you have been devastating for some businesses own deliveries have been brought to a standstill in many jobs are in jeopardy. has globalization run its course? or are there new opportunities? our topic this week long cove, its effect on business weighed in germany. in 90 minutes on d w, shift, you're a guide to life in the digital world. mm. explore the latest online trends. navigate your way through the digital jungle. get a global perspective. we'll be your guide and show you what's possible. you decide what really matters to you? model shift on

d w. m isn't home any portion of love us her now in the world, right? climate change if any, off the story. this is my class the way from just one week. how much work can really get we still have time to go. i'm going on with his subscriber all morning with the green. do you feel worried about the planning? me too. i'm neil. host of the on the grievance, both cost and to me it's clear. we need to change the solutions or out the join me for a deep dive into the green transformation for me to do with

b. oh, this is, did we news live from berlin, a russian to draw down or are we deployment? moscow now says it's, we're drawing more troops from ukraine's orders and releases footage, which it says shows military units leaving crimea to return to their home basis. but nato is casting fresh doubt on those claims alliance. cheap against oldenburg says you see no evidence of a russian pullback and is accusing moscow of sending more forces to bolster its

military build up around ukraine.