finally, a california landmark got a temporary makeover to recognize some home town here. iconic, a hollywood sign above the los angeles hills was changed to read rams house attribute to the l. a rams victory in american football, super bowl. plaza fans were also treated to parade through downtown. ha! that's it. you're up to date. a business update is next. have a good. ah, ah, ah! so are driven by merciless greed. others are fighting the destruction again. when the invaders came to prison, they shut down the native today, thinking for a moment is trying to destroy the indigenous people with the largest scale. burton

and grabbers are exploiting the amazon rain forest. indigenous peoples are now briefly opposing them because it's not only the earth's brain logs that are dying. legal to the rain forest, we cease to exist and or people die out. a long term report from the heart of brazil starts march 9th on d. w. ah, disney sat fit sites on the meta verse. the firm that specializes in creating magical wells now wants to invest in a virtual reality. well, find out more as you have more nations report inflation at decades long highs will look at the impact. the shop is containing last year's close into this year's fashion. we visit the spanish company hoping to have the new good for recycle

fabrics. also, no need to be business on reports in berlin. welcome to the program. and we begin with news that disney is appointing an executive to lead the company strategy for the mattress. in a memo to employees, disney see or describe the developing virtual world as the next great storytelling frontier, the most of us refers to a future online alternative reality where people can play work and shop. it's a concept being heavily championed by facebook found a mark zuckerberg whose company meta is already investing 1000000000 let's find out more about it with yes, steve, on his, the founder and see of i 8 ventures which is a business platform focused on innovating, innovating as they put it thanks a lot for joining us on date of your business to tell us how much the massive us is going to change our lives when it eventually comes to fruition. well, is the met diverse when it comes to fruition is going to change our lives much like

the internet has completely change our lives. that is for sure. now. 7 the interesting question of course, is which domain is going to be affected 1st? and that is a very big question. is there a danger when we go companies like disney and facebook investing heavily in the mess of us that we don't end up with just one match of us, but we end up with multiple parallel method. i think that we will end up with 2 versions. one is a particular met to versus by particular companies. and of course the one to mention is the microsoft one where they pay just $70000000000.00 for blizzard now, which is one of the biggest met the versus currently. but on the other hand, who will have something like the internet, which is a combination of wars out there and it will be connectivity between did like a unified met the verse. i think we'll, we'll have the 2 versions coming up in that stems from the very unique nature of

the metaphors. technology, which is a combination of many sub acknowledges analysis that seem to fail for uses. we're way essentially be a different person in the matter of us. well, we could be different person, but i think most of us will continue to be ourselves. because the met diverse 1st and foremost is a way to conduct our lives. whether it's work, whether it's studying, whether it's relationship, whether it's business, it's the same way when we want to do it in our own image. on, on the other hand, they met the verse is a place where you can definitely hide or you can adopt. and there are many things that you can do there. and that's is really what disney is talking about, sort of a new alternative storytelling whereby you will be the hero. so instead of just watching somebody, you will be playing around with the normal duck or other characters from the mother

world. but if we're going to say the methodist thing and even bigger part in our lives, the maybe the internet currently does this. the idea of large tech companies having access to so much of you know, what makes up our lives that does that we're, you know, must say, because we have seen until now most of the value that we get, by the way beyond the initial set, just acknowledges which is the c k p for the internet, you know, darpa u. s. defense. and the web itself coming out of europe from cern, a with h t m l. after that, it was all commercial and sort of copied the least or semi capitalist, you're talking about china, the companies and they have created this wealth of technology that are really make our life much more interesting. so at the end of day i, i will see i see this technology is emerging from different companies, but contributing to our life in the competitive world. we're going to value rural

areas as the van has been great hearing your insight into this. thank you very much . thank you, rob. thank you. bye bye. now for many parts of the world life, it's getting more expensive. yeah. okay. and canada have both just announced the highest inflation figures the 3 decades. but the clash of resurgent demand and choked up supply is creating tough times for shoppers. almost everywhere. lou, for many shopping is a lot less fun. these days. prices across the boards are getting more and more expensive and not just in germany. prices are growing up in many countries. but why does the hot not to the film? it's a tuned us beer. of course it has to do with the fact that we're coming out of a deep recession. the coven, 19 crisis, cost prices to fall. when people were driving cars, energy prices, in particular, went down. really,

very few planes were flying. and now it's just the opposite. king tired fuck out. so there are rising energy prices, but also long lines of ships waiting to dark because ports can't unload fast enough . the corona virus brought supply chains to a standstill, and now in germany there are 11 percent fewer wholesale goods available than before . the pandemic cars, for example, are becoming more expensive and harder to find. you could wait up to a year for the model of your choice. electrical appliances are more expensive to the chip shortages to blame. and the pandemic. many people need new laptops and tablets and smartphones in order to work from home. so what's next? when does it that's uncertain, it'll depend very much on how the union's react, how the collective bargaining parties react. and if they say we want to be

compensated for the high inflation now by increasing wages sharply, then there's the danger that we'll run into a wage price spiral. baretski and i know high school had a lot to prices continue to rise many every day items could soon feel more like luxuries. well, inflation is the major issue facing the rest central bank, the federal reserve less costa financial cost on as in new york, young's quarter young inflations already been dragging on longer than the fad had initially hoped. and is there any sign of it stopping? well, i mean there are a lot of moving parts. if you look at the recent numbers that we got to about producer price is consumer price and there is no sign that price pressure, it's easing and having that set. i mean, we have this problem, a problem with the balances of the imbalance of firm supply and demand. and if you look at the supply side, so maybe it's some issues with the supply chain to might get solved or might get

better in the month to come. but if you look at wages in the united states for intern also energy prices, it looks not so much that we will see some eating there any time soon. i mean one new figure. so retail says in the us to buy 3.8 percent in january, help me out with this. is that because price is arising despite it? well, i have to tell you both. i mean on one side, definitely that price is increased. was one reason why retail sales are up by a huge amount of for 3.52 or 8 percent. those numbers are not adjusted for in plate inflation. so it things get more expensive if you buy the same amount. in general, the retail sales figure will pop up, but actually the sales numbers increased more than what we've seen on the price

side. so shoppers did not shy away from spending money, even if prices went up. so let's wait and see if that's going to change. by the way, we will get another more detailed or some other information on that on thursday when wal mart, the biggest retailer in the country. and by the way, also, biggest private employer will come out with the earnings report, even on the things in the course run more street for us. now some of the global business stories making the news, air b and b, as opposed to the 4th quarter profit of $55000000.00. short term rental companies. revenue soared above pre pandemic levels, reversing a huge loss a year ago. it predicts bookings and prices will continue to rise this year, as demand for travel is strong. and chinese officials are given out the green light to build a new electric car factory. german brand wants to produce 850000 cars per year in the northeastern province of g. lynn plant would be run jointly with a chinese partner out. he hopes to finish construction. 2024. as estimated,

almost a 100000000 tons of textile waste is thrown away worldwide. each year in spain, one company has taken up the cause of breathing new life into old work. where is how they make recycled clothing fit for the future. a sewing shop for the disadvantaged in barcelona. the employees here produce sustainable workwear for the startup circle are 5 co founder louis city ball wants to supply a customer with new chefs. whites right away with 2 years of the corona virus pandemic have been devastating for some businesses. deliveries have been brought to a standstill and many jobs are in jeopardy as globalization run its course. or are there new opportunities our topic this week long cove, its effect on business po, made in germany next on dw,

easton ukraine, 30 kilometers from the front in gulf boss. this is where priestly uchiko and his family fled 8 years ago. new home now threatened by the possible invasion of russian troops. but the, lia jenko, so standing strong and to refused to be driven away again, focus on europe. in 60 minutes on d, w. o, and the battle against covey. and the only variant is putting healthcare systems around the world to the test. vaccination campaigns are accelerating, while restrictions are intensifying once again. but are these measures enough to

stop the spread of omicron, fax data and reports police, you know a weekly coven special? every thursday on d, w. come have a v. c. county the highlights every week in your in box subscribe. now, with, with, do you remember the beginning of the pandemic? many of us thought it would be over in a few weeks or months. we bought puzzles, baked bread, hunker down inside and waited for it to be over all around the world. there were locked down empty streets, public squares without a soul in sight. animals room,

city streets, businesses close.