to find out exactly what that means. and turning last year's fashions into this year's look or spanish company that's at the forefront of recycling fabric. one walking to the show. i'm seeing there's the in berlin, chinese president, she ging ping has earth hong kong to prior to prioritize containment measures. as cobra 19 case numbers explode and threatened to overwhelm the territories hospitals . the financial hub is wary of for the restrictions with its own 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 lambs 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 do you, what are good, you the water bother you. life wilmington lamb appears to back

a relaxation hasta covet measures m m m m. 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 be correspond at. so

dong han joins me from taipei. so let's start with a 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 strengths 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 city's fascination rate, which is low compare with many developed countries, only 70 percent of residents are fully resonated and less than half of the elderly in hong kong of is needed. we know hong kong now follows, is there a colby policy? as you mentioned from alan 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 faith that so those comments from

she ging pin coming after hong kong chief executive kerry lamb recently said quote, we have no plans for any widespread city lockdown 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. are. if you are look at why seat him. he 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 a hong kong, they will say that he didn't mean just express his care for the people upon con, 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 our with. she's emp is 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 coby prevention measures have aggravated the brand drain of international tailored talent. and the withdraw all for an investment, and the european chamber of commerce even said the hong kong locked off may last until 2024. this was mean a wave of withdrawal of capital seriously threatening hong kong status as international financial center. right, so it's long hon. inside pay. thank you very much. and out of 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 is revenue sort

about 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, as well as competition from commercial players like e law must space acts. the program will be launched next year. a disney is appointing an as an executive to lead the company's metaphor strategy.

in a memo to employs, disney c, e o described virtual reality as quote, the next great storytelling frontier of the matter versus 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. there's mark, i think he's in the over to the debate business reporter christy plats and a christy. we may have associated this idea of the members more recently with facebook now named meta. in fact, but it's not the only player here. what could the 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. 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 basically completely blow up. and the idea of what watching a film could be,

is like what listening to music is like i'm 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 in to the met of ursa. disney a is involved, both in creating content, creating stories, storytelling, but also has these a 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 up. a lot of people are calling the metaphors, basically the next generation of the internet. but we're seeing some major discrepancies. i'm in these early days of the mattress 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 i, 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 them, we already know there that on 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 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 attack sector also cracking 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 did the 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 where from the trash can but is it really cost effective to 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 almost all the sustainability of a garbage is not in the buttons, for example, have to be quick to remove. otherwise they interfere with recycling. but more on that later luis, if he bought, takes the shaft jackets to

a restaurant. the owner puts an emphasis on locally source to ingredients, so why not locally made uniforms to configure the name of the circle are away now have the opportunity to get back into the cycle lateral. but we aim to recycle the clothes and not produce waste. it's important for us, for those getting so now when the shafts jackets and aprons have had their tape, 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 recycled clothing is not there yet. for for you know, to do that. that's our dream. our real goal to make new work where from recycling work, where after all,

we can see the economy moving in that direction. but in the end, it's all about efficiency. it's one to the, it's, 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 main thing, 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 there will be more good recycling. one closes more expensive critique lacking 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 throw 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 its

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

a 2 years of corona virus pandemic have been devastating for some businesses. deliveries have been brought to a standstill and 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 made in germany in 30 minutes on d. w. oh. we're all good to go beyond the obvious or as we take on the world. 8 hours, i do all the fans. we're all about the stories that matter to you.

whatever it takes, 5 police, my follow me pain. deal we are, your is actually on fire made for mines. dogs are more intelligent than most people thing. with psychology, professor john pillay has proved it. how you act with scientific studies, of course, with enough good care of all out of the secret of a friendship with dogs. and us starts february 25th on

d w. ah ah ah, this is the that we news, the life from berlin, a russian troop draw down. or are we deployments around ukraine? moscow releases footage, which it says shows its troops leaving crimea. but nato's chief says the alliance has seen no evidence of withdrawal. and as accusing russia of increasing its military presence around ukraine, also coming up deadly deluge. flooding and mud slides killed dozens in the hills, north of realtors and arrow authorities fear of the death toll could climb.