the top stories this, our daniel winter will be here next with all the latest business news. and for more headlines from around the world. remember, there is always our website that's d w dot com or you can follow up on our social media accounts. i'm baba phony, the s in britain for me and the team here take care to see the top off of the next person to see if grades really de chico available. bo put over mentioned home the force i'm from them. hold mostly seaman that we can about would you like me for about almost a valley that the last dragons in this world had called to home for 2 years. people, were you books on good? sometimes a seed is all you need to allow big ideas to grow. we're bringing environmental conservation to life with learning pass like global ideas. we will show you

how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing and download it now. feel free. ah, a dramatic turn around and us stalks off to weeks of losses. investors are ending the week up thanks to optimism over the u. s. economy will get the latest to my correspondence on bull street. also coming up the war in ukraine has prompted serious sanctions against russia, but some of refuse to impose such tough measures. just take turkey, they bans russian ships from passing the boss for us. but little more now, this pressure on turkey's president to change that and spotify, luke set to join the rush to n f t's following up plans,

which could see the funds sell the tokens on extreme. so we'll get the insights of an expert and daniel winter, welcome to dw business. u. s. markets are ending the week on a hi turning around a long period of losses. us stock to achieve the best weekly gain since november 2020. the s and p 500 index of top us firms rose close to 6 percent in the past 5 days alone. i oil prices and the war in ukraine had put pressure on stock to the past several weeks and our man eons quarter is at the center of the action at the new york stock exchange. hi and it's good to see you again. so what sparked this turnaround? i didn't know quite a week, you know, question about that blue chips up by more than 5 percent as m p 500 by more than 6, they're not our comp. was it even by a good to 8 percent? obviously some investors believed after those huge losses that we've seen and the weakest prior that we have reached

a certain button. and the nasdaq composite in the past couple of weeks had been down about 20 percent terms. so it was a profit to fishing here at this point and definitely quite a turnaround. and as you mentioned the best week there since november 2020, so profit fishing, but are the gain sustainable considering the fact that this war in ukraine is continuing. and also there are further interest rate risers on the horizon as j. powell said just this week. yeah, definitely. even if with the for it industry trade increase, increase. some uncertainty was taken apart from investors here on wall street. that's always good news if you sort of have an idea of what is going to happen and at least with interest rates, the past seems to be pretty clear. and even if we heard from some set members on friday that they actually want the federal reserve to be even more aggressive for one fact member calling and interest rates to reach about 3 percent by

a year's an end. but clearly, you're right. i mean, we don't know what's going to happen with the war in the crane. we do not know what's going to happen with inflation. that was already a sky high, even before the war started. we also had those locked on measures in china, so it's definitely far too early to really say that we are reaching safe waters, them at this point. so it's hard to say where it's going to go, but at least we can celebrate what's happened this week. so who were the real winners of the week that drove these games? well, i mean, if you think about interest rates, i mean who profit? so when money gets more expensive fits the big bang. so we did the banking stocks are doing quite well a doing this week. we saw some of the most beaten down stocks recently. some stocks the from the technology world. so former facebook, so major platforms doing pretty well. apple being one of the biggest winners and

then on the losing end, i mean, we don't just the, a huge movement in the stocks but also in commodities and at least some he was taken off from oil prices and that put some pressure on some of the big oil names here on wall street. all right. you heard it from any quarter. thank you very much for that. have a great weekend. yes. as we heard the war in ukraine is rippling around the global economy. the u. s. e u and u. k. have all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on red chip tie up, add a want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but his careful not to alienate his russian counterpart vladimir putin. economically, there's a lot at stake for turkey. it's done was famous. i a, sophia, one of the cities most important tourist destinations. last year, 4 and

a half 1000000 russians visit a turkey more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia. turkish hotel and restaurant owners expect for tours and revenues to drop significantly. the russians keep us alive here in istanbul, and at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come and that will be tough. on turkey, it's economy already in distress. economists are worried that the value of the rubel has dropped. so for russians, vacationing abroad will seem expensive because foreign currency deals take more roubles. it will cost them more, and that's why many russians will no longer travel. to garza, religion in almost getting to your russia is one of the most important markets for turkish construction companies with deals worth billions. turkey also exports fruit

to russia, peppers, citrus, and lots more. president adon is trying to uphold trade. despite the current crisis . will molena, it could become very difficult to export agricultural goods because russia won't be able to afford us much any more. that might be import bands for some products that will have consequence. st. turkeys export volumes. in tonight, j rush us, one. ukraine affects people everywhere across asia and europe, with a full extent of the consequences yet unknown. spotify is drawing up plans to add block chain technology and nf t's non fungible tokens to its music streaming service. the news has excited the crypto music industries and have teaser traded on the block chain and prove the ownership of a token. the move could help boost the earnings of spotify and musicians, and f t could be used to buy and sell digital collectibles like audio snippets or

unlock parks at gigs for merchandise to backstage passes. and empties of massively taken off lately. last year. 16000000000 euros worth the tokens were traded world wide. the vast majority for visual art, the artist, commonly known by the handle b. paul sold his digital collage for 63000000 euros as an f t at auction. and if these are also used in games, like actually infinity, or, and collectibles like pictures of board apes spot if i could bring an f tease from the visual into the audio world, potentially opening up a new source of income for the music industry. but the move also has its skeptics and to get more on this were lucky enough to be joined by pete house and who has seen the electorate, northumbria, university. and pete, thank you very much for joining us. what does spotify want to do with an f t's and why? i don't know,

and i don't think sputter finite either. i think at this stage it is purely expert . it is. and i think like a lot of aspects of this sector, the web 3 and f t arena and it's driven by fi, my fear of missing out and i things. but if i had to say are missing out. and so you are a critic of an f t 's among so many levels, environmental, social. you think they're of a bad idea? what do you see as the main issues? there's been a lot of backlash against an s t 's recently serve a, a safety press. for example. they released a series of n f days and some of migrants in rapid thing is trying to get the u. k. ricin and s t's be released by crystal punishment will club on tokens. they were rejected by fans. he didn't want them and resume the ukrainian army here just as quickly as i jumped on the f t band bike and they jumped off again with an apology

. and the reason that they have jumped off the bat, numerous, many is because anastasia, so associated with scans and fortune and activities, the one of the largest, se platforms i can save, said the 80 percent. the entertainment is on their platform are fortunate. and then also the environment implications of this and most and f t, a min, it on the theory and brock chain, not as a carbon footprint, similar to the whole of singapore. it uses 100 terrible hours of the lectures a every year, which is the same as the netherlands, and it was a waste problems generate every time you buy and s t, you're responsible for throwing an i pads, or 2 i pads of an e waste into non so, so there's lots of reasons why people are against this. ok, but there are also practical reasons my why you might want to own an f t o

implement and f t's in. for example, the matter of tracking digital goods among, along with your digital avatar, let's say. so even in that sense, if we manage to solve all the other issues with an f t 's, do they have a future? so every platform, without exception, that has started using a block chain, would work better without a block chain. and if he's no different to that, i think specifically with a mess of s. and i mean, even if you look at the earliest examples of the some sy, fi books like snow crash or films like ready play one or the matrix is always the real world, which is falling to bits. and people find the a convenient hole in the signs and to put their heads in was the real world falls apart. and i think that's what the matter that it's not it did. it was way trading in s t's as socks or something for our ponder avatar. the real world is falling to

bits, and there's also an f t for example, the hello and government and started selling and s t passport. so these a residency time, it's that you can buy the $248.00. so this is useful for rationale, galks and people in china who aren't allowed to bonds. ok, take countries compartment of these n f teeth and carbon credits or fortune and carbon credits are being sold for and as, as an f t as crypto carbon collectibles. none of these do any good for this process and they tend to any prior environment. well, i imagine a lot of people disagree with you, but it's important also that we hear critical voice against these. you know, you have to cut through the hype. so thank you very much, pete house and for your views on that, it was very interesting hearing from you before we go, a reminder of our top story, us markets rending the week on the high turning around a long period of losses. us stop to achieve the best weekly gain since november

2020. the s and p 500 index of top us firms rose close to 6 percent and the last 5 days left high oil prices in the warren, ukraine had to put pressure on stocks the past several weeks and job to date with d. w. a business for me and the business team here as well. and thanks for watching to the point to the strong opinions, clear positions international perspective. so precious army is pressing its attack on k of and other ukrainian cities showing targets that include civilian buildings to fund the tactics, looked familiar like a page from russia's playbook in syria, just put in for total devastation from up to the point. next, d, w. some are driven by merciless read,

others pushing the destruction of one meters claim to preserve it doesn't make sense to be the government is trying to destroy the condition of people with berks to project blend. grabbers are exploiting the amazon rain forest. indigenous peoples are now briefly opposing them. the heart of brazil in 45 minutes on d. w. o. devastated with to how we can with cars carry money, effects of climate change. i mean, felt worldwide before a station in the rain forest continue. carbon dioxide emissions have risen again. young people all over the world are committed to climate protection.

what impact will because change doesn't have been on its own make up your room minded. d, w. for mines rushes army is pressing its attack on kia and other major ukrainian cities showing targets that include residential buildings and other institutions sheltering civilians. to some the tactics look familiar like a page from russia's playbook in syria. indiscriminate bombardment of heavily populated centers cluster munitions, and sieges all add up to a dirty war. inflicting wide spread, suffering reports suggest battle harden chechen and syrian fighters are, in fact joining the russian.