have a full surprise yourself with what is possible who is magical bring what moves and want also who talks to people who follow along the way admirers and critics alike how is the world's most powerful woman shaping her day if you join us from eccles last stop. is this the beginning of the end game for the game stop to outrage threads of long investors as some platforms that restrict the buying of game stop shares putting the brakes on the frantic buying spree. and some jobs you just can't do from hold but with a pandemic still raging germany now wants everyone who can telecommute some of their house to do so. this. the w. business i'm joined now the last one in berlin so glad you could join us it's been like a flash mob on wall street individual investors have been using online forums to coordinate stock buying and inflict bruising losses on hedge fund pros the frenzy trading has resulted in soaring highs for the likes of videogame retailer game stop stocks but are crushing lows on the carts to placing their bets a group of small time speculators not professional traders have been coordinating the purchase of game stop stocks in online forums even though the retailer is virtually broke this is being causing share prices to skyrocket at the peak of the frenzy the store could resume 2 and a half 1000 percent from its price at the start of the year. well played out that those who are pushing the share prices higher are on the winning side but those hedge funds that are short the stock. believe that the price will be going down are getting squeezed and so the concern is that we maybe we end up with some hedge funds that have financial difficulties game stops rising share prices already cause problems for some short sellers who had bit that nearly bankrupt for them stocks would drop in value now every penny they increase means a loss for the short sellers it's not good news for the individual traders investment platforms have started to limit trades on game stop putting pressure on the price whether the social media trade can regain its momentum is as yet unclear for an update on this fast moving story we turn to young's quarter in new york young so it appears things have taken a turn that now with game stop stock what happened. well i mean at least for a day we did see a bit of a reversal but really a tiny fraction if we compare it to the mess of gains that we've seen in the past that couple offer trading sessions i mean all those talks evolved to trade restrictions also as if the s.e.c. might look further into it as you might see there is a little protest even going on here on wall street so it is a reversal for it now but on the other side we also at times other stocks like american airlines for example reporting their biggest loss of the here and still at some point the stock was up by 3040 percent america now that it's being the highest sort of thought here on wall street so the game is still on so does that mean the buying spree is over yes. well i would say what we've seen in the past couple of days is a movement partly even politically motivated so i do not believe that the game is over at this point we definitely have to wait and what the regulator says saying but that can also take some time but what we do see we still see a trades where there is a lot of irrationality in the market and they're just actually quite a concern for wall street in a broader sense and i've seen movements and like this before right before the financial crisis it also before the dot com bubble burst and so this can actually still go on for quite some time and we still have to figure out who really is behind the movement in my opinion if we do not really have a clear picture yet not quite game over than thank you to there in new york for us . the result michael hewson chief market analyst at c.m.c. markets joins us now welcome michael is this still the case of wall streeters getting beaten at their own game. i would certainly say they are mean i think when you look at hedge funds. getting getting kotel a short selling short selling squeeze in sort of poetic justice but i think what it also tells is the highlights the risks the roys from short selling and also mentally you know this is not a new phenomenon you know short selling is a great common instance and is a fairly decent way of holding directors and management companies to account particularly if they're badly run i think the difference here is that this is a company that's not really making any money unfortunately those far too much of a $1.00 way bets on it in the shares 100 percent of the share float was put was basically out on offer and what you saw here was some very smart return trying to sort of opportunity and took full advantage so this is a story about stock that has little to do with the company but what do you say this is a transfer of wealth from a few rich hedge funds to ordinary people i wouldn't necessarily say that no i mean obviously that's the way that it's pointed you know 9th street gives who street the bloody noses it's a great headline doesn't actually maina ultimately what's happened here is that you've you found a whole host of very savvy retail trade is a spotted an opportunity soon might some money and what they've done using forums to spread the message. turn and turn essentially a coordinated attack on a very vulnerable stock and what it's why that is why that is sort of panned out is it is panned out on social media on full view. of the world price and the world's trends and people like you and me for example because social media is brutal whole new element to how stocks share his foreign exchange has and has been trying to. well this story has taught us that really anyone can do this so what do you think this is a fad or are shut into to show investors be worried of an ongoing threat from individual traders no i don't think they needed to be thrown out in the beginning to be workable i think this is a good thing i think the fact that you can get retail traders speculating on financial markets is a good thing as liquid say you know it's opinions in our views as long as it's done responsibly and i think this is where i have some concerns so in terms of regulation an awful lot of what's been happening with this particular story is that you've had a whole host of retail trades get together on forums to try and manipulate or drive the stock price higher now if you had institutions do that you have the regulator coming down on them like a ton of bricks so i think there are some concerns here and a my worry is that in the aftermath of all this some inexperienced retail trade is could actually get caught out in the backdrop of a very interesting topic thank you so much for appearing on the show today. time now for a look at some of the other business stories making news. the u.s. economy shrank by 3.5 percent in 2020 that's despite a positive rebound at the end of the year the contraction is the fastest fall in america's economic growth since world war 2. japanese automaker to yoda has overtaken german competitor 5 as the world's top selling vehicle manufacturers are based on 2020 sales it's the 1st time in 5 years to a has held the top spot both companies struggled during the pandemic with global car sales down more than 10 percent. here in germany it's known by the english sounding term home office but working from the comfort of your own house was rare before the corona virus pandemic however now the government here is trying to make it the rule not the exception. and working their way down. these civil engineers are exchanging pipes for gas water and sewage the drilling company flush on phone is working on the city's infrastructure. its offices are only half full these days employees have been alternating shifts since last march each of them works one day in the office one day from home. but the company does not want to to work exclusively for. him at all but doesn't all also the workers depend on coming into the office for social reasons last year 6 months after employees began working from home we conducted a survey and it was clear they also wanted to come into the office and not just get things done from home so we got to the point where we're now saying we can't do more than this mission the company invested 15000 euros to equip its employees with laptops so they could take their work with them most companies have done the same so they could stand business in spite of the pandemic. if you want to name our new listeners in the last 10 months businesses have invested heavily in order to enable telecommuting they've given their employees mobile devices they've invested in infrastructure they've made sure that the i.t. was available so their employees could work from home. there is still hustle and bustle behind the walls of this town hall and berlin's district the administration's $2300.00 employees only a few regularly work from home citizen services still need to be provided. some of this work can be done from home using a laptop computer but there haven't been enough to go around. for fright now we've provided laptops to about 12 percent of our employees so they've had to share devices in order for us to be able to increase the number of those who can perform their work remotely. untied him officer who incurred. the district administration hopes to receive more laptops in the weeks ahead. businesses have little sympathy for letting more employees stay away from the office. put it to the government to show more respect to those businesses who then have indeed invested heavily and have already trying to exhaust the possibilities for working from home we sometimes get the impression that businesses are being blamed yet government administrations themselves are far from reaching the same level we're seeing in businesses by vitamin d. levels of us food fumes i mean is that the civil engineering company must cover its own costs for giving its workers high tech equipment it's not entitled to state support because the coronavirus hasn't significantly impacted its bottom line. and finally months of bar closures and economic strife hasn't dampened the appetite for wear whiskey and option in hong kong of some of the most expensive whiskies in the world is expected to fetch a total of about one point $3000000.00 up on i was on friday one of the top models is a glen grant a 72 year old vintage by gordon and locke fail estimated to fetch about $49000.00 if this were a single malt bottle is limited to $290.00 bottles in the world. and that's all for me and the business team here in berlin thanks for watching. conflicts when china imposed a national security law on hong kong last year and promised that the principle of one country 2 systems and the basic rights that image files would be of help the critics point to a rapid on motion of freedom 6 my guest this week is michael seen beijing member of hong kong's legislative council and deputy and china's national people's congress. conflicts the 1st 16. amendment no many pushed home loves us no no no more right now climate change me the 1st hostile story. faces launch leslie when photos one week. how much worse can really do. we still have time to ask i'm doing. good. subset. of subscribers and more beautiful. stories some people whom world over information provided. the means they want to express g.w. on facebook and twitter because up to date in touch follow us. in the. climate change. summit assumes. instantly people. want to be yours to think how far their future. keep going to. the. good turn. this is d.w. news africa on the program today the long waits for africa's covert 19th vaccine rollout mass specs the nation hasn't started on the continent 2 months since vaccines were approved leaders from africa have rebuked wealthy nations for engaging in what they call vaccine nationalism we have an exclusive interview with the u.n. deputy secretary general. is thought to be the people start see that's got to be available to everyone everywhere otherwise we're not going to be able to cause we're not going to see the end to the shutdowns in our economies. rule the world and singing and praying to cheer up covert 19 patients at a hospital in cape town you. hello i'm going to it's good to have your company south africa's president. and world health organization chief to. have lashed out at vaccine nationalism as the gap 19 vaccine supplies between rich and poor countries widens africa is experiencing an aggressive 2nd wave of the virus recording some 32000 new cases every day now while other countries have long begun vaccinating their populations only a small number of countries in africa have actually begun at ministering vaccines now in a moment i'll be talking to the u.n. deputy secretary general but 1st here is. is settled on a poster who as the current chair of the african union has been leading efforts to secure sufficient vaccine doses for africa's 1300000000 people he is accused rich countries of hoarding vaccines making them inaccessible to poorer nations and some countries have even gone beyond acquired up to 4 times what you have corporation. and was hoarding these vaccines and now this is being done to the exclusion of countries of other countries in the world most need and i'm pleased to welcome to the program the u.n. security secretary general i mean ajay mohammad welcome to news africa africa is trailing behind when it comes to the cove in 1000 vaccine rollout basically only a handful of people have been vaccinated in sub-saharan africa as we speak today we heard from the w h o's envoy to africa he say that the continent cannot count on having doses of vaccine soon enough this is happening. as the continent is facing a very aggressive 2nd wave of the pandemic what is your message to wealthier countries who are said to be buying up all the vaccines struck in gauging in what some are calling vaccine nationalism. well thank you very much for having me well i think the message has been very clear from the secretary general all along that when we come to the vaccine that it's got to be the people's taxes and it's got to be available to everyone everywhere otherwise we're not going to see the end to cope with we're not going to see the end to the shutdowns in our economies and we all know that. health pandemic is much more than a health crisis is a social economic one currently the kovacs facility which is part of the act accelerator has been signed onto by many countries as co chaired by the president of south africa but it hasn't yielded the results that we expect and it certainly hasn't been able to provide vaccines at least for the frontline workers across the world so what is to be dad what you're saying of yourself that the initiative hasn't been as effective as people are dying in huge numbers growing numbers the 2nd wave has been a crisis what is. well the 1st is to make the resources available and for surpluses to be shared immediately for frontline workers around the world in vulnerable countries the 2nd is to realise that the production the production of the vaccine is not sufficient and so even if you have the money today you would not be able to get the vaccines and that is to now look to those places of production to get the quality assurance and to get production rush it out so that we can get these vaccines out to everyone from where things stand what is a realistic picture as to when the people in africa will be vaccinated we some countries are announcing that that sanctions you mentioned south africa just causing slavery for example but what is the real picture from the information that you're getting from organizations like the just in terms of when we can get a reasonable amount of the population africa vaccinated. well i think like the rest of the world is not going to see much before the 2nd half of this year we will begin to stop vaccinating and i hopefully our front line workers the health workers will be the 1st and we'll see that coming in in april the efforts of the be made by the african union envoy considerable with the support of a number of heads of state and government in africa so i would say the 2nd half of the year we will begin to see it but it will go into next year before we say the cohort that we require to be vaccinated would be it's not just about the vaccination is this important that we look at all other aspects of making sure that we are safe we have mosques and that the health systems that we have are reinforced with investments that are needed right now in the stimulus packages to help us cope with the uptake in people getting into the hospitals with coated right i do want to pivot to climate change now because that's something that you have been addressing the world economic forum about how to use books a day on that you know we are always being reminded that you know africa contributes the least when it comes to to c o 2 emissions but the reality on the ground is that millions of people on the continent ah being forced to flee from their homes because off sivia with a passion changes storms droughts displacing people in huge numbers we're talking solutions now it's one thing to be signed up to a global pact set by the way many people say and as effective enough anyway even in the ambitious targets i'm sitting in germany and a part of it is debated the idea of giving as silent and refugee status really to people feeling the effects and the adverse effects of climate change from their countries what do you make of a proposal like that and would you like to see perhaps countries in the developed world who maybe attribute the blame for where we are in terms of the kind of crisis to be taking such solid and concrete action. i think it's very welcoming to say that germany is doing that and that's what many other countries have done many have signed up to taking on climate refugees but what is more important is that we need the investments to make our societies and countries in africa much more resilient and able to deal with adapt to the climate change that is happening which you rightly say is of no fault of africa less than 2 percent i think of the missions coming out of africa africa needs to grow there's an opportunity for africa to leapfrog covert is not an excuse it is an opportunity for investments that come into green transitions what does that mean on stimulus packages there are fiscal gaps that need to be attended to that needs to be a global response the g 20 needs to take responsibility and make that happen the private sector needs to come in and we need to see that energy transitions that will create green jobs happening in our countries the food systems are becoming much more adaptable to what we're seeing in climate change and they were investing in the skills of reducing closing the digital gap so that we can have our young people which we have the largest cohort ever up front and center in the investments that we make famous mom and i want to get a feel for what some are calling the shrinking democratic space in africa elections are not fully free and fair rights groups describe passions off government or violent and deadly repression against peaceful process and general dissent government shut down the internet when it's convenient for them young people in africa feel left down by the day as and that they have no recourse what is your message today it does in africa who are undermining democracy in their countries. i think it's very important for leaders to remember that social contract between themselves and the people and it is really shaky right now and it is at risk and we cannot afford that if we intend to deepen democracy and to have young people believe in those values and so i think a lot of responsibility for leaders to take up and to demonstrate and to work at. bringing back that social contract and including young people including the voice of people and their aspirations and their rights and one of the ways to show that is of course are elections and they should be free they should be fair you should be free from fear that you go to put your vote and we have to work on that that's another reality the deputy secretary general that's not the reality ended up or so it's of course it's not there of course it's not the reality christine this world is about a reality in the aspirations and there is a gap and every day we work to close that gap so what happens this year we want to make sure it doesn't happen next year and the year after until we have free and peaceful elections all over the world we don't give up on it we acknowledge it we put a spotlight on it and we try to do better and we speak to leaders about their responsibility to ensure that elections free fair and certainly free of violence all right that is the u.n. staff the secretary general i mean i j mohamed thank you for your time that thank you so much christine. many of the thousands of people being treated in hospital for call that 19 have not been able to see their loved ones because of visitation restrictions of asphalt isolation with no contact with friends to family and the outside world now an interfaith prayer group in cape town has taken the initiative to bring some moral support to patients the group has been granted permission to bring some chair at all and a strict protocol here the way. we are here is a call to wish and to pray in the front line workers. for the sick you do touche to push each. of the people was saying on facebook and they were they were making the. same mobs that they are alone so my friends and i was from wisco to the hospitals and then we found those are we couldn't. come inside of the hospitals we could also with start outside but maybe through the with a window we were able to use in serious even those people found in the room patients we were able to appreciate the sounds coming these people thinking about been revamped we do hospitals already standing outside is the 1st time we're little loud but the people just somehow that we need to come inside to want to see them appreciate this international. room. the the our movie will you asked sam and we know we have the spiritual thing within us that removes some reason someone is praying for us and i think the so. to me the whole bizarre luck we've been up in the phones and the the able to pick up these things someone tells them this again just people playing and they playing for you as well they are a little and it's people in africa we know we do mean so much for us dead person in dignity being surrounded with many of us so this is very painful but we say this will ensure pos it is just for. patients people and based on. the end. of all o.b.v. if it. was. and that's a false today's program in and of a small on off website and facebook page you'll see next half of. every journey begins with the 1st step and every language the 1st word i'm looking for the coaxing germany to cut. why not come with him. to stuff it simple mind on your mobile and free. music he learning course. german maybe see. what secrets lie behind. discover new adventures in 360 degree. explore fascinating world heritage sites. w world heritage 360 get kidnapped now. hello and welcome to news from the world of arts and culture let's see what's coming up in the next quarter of a. british artist that i am carrying some creates fantastical works from every day objects that might normally end up in a rubbish bin. refines and carey mulligan star in a new film about an extraordinary archaeological find in the middle of england warrior king there's more. they are one of the most innovative and successful indie bands in germany and have turned a small town in bavaria called vile heim into a mecca of german pop music the no twist experimented with grunge metal and dark indie rock when they 1st started back in 1909 but their fame has come with more thoughtful laid back music that latest album reflects a lot of what is happening in our society today. these images are only about a year old yet they seem on life time away travelling with other people making music with them that's how no twist singer michael one has life looked until recently until the pentameter changed everything. to birders. in studio we were in the studio and we had the feeling that all around us the whole world was collapsing it was a very strange time that reminded me of that feeling when you wake up really early and then fall back asleep and dream very realistically with things getting all mixed up together. with vertical days the no twist have made the perfect soundtrack for the pandemic taking the listener on a road trip in a poetically surreal alternative world much as they did in their early days using music to break out of the mental lockdown of small town the very unfunny from the beginning making music was also the desire to get out of there and go somewhere else so people couldn't pin us down to a certain place we never wanted to be known as a bavarian band or whatever and. yet in 2002 following the international success of their album neon golden many in the music press tried to attribute to them what they called the vile heim sound that no longer refers to the bavarian town where the indie band started but to their uncompromising artistic approach clearly demonstrated on vertigo days 6 years and 2 pandemic lockdowns have passed. tween this new studio album and the previous one years in which the band members explored side projects and networked with musicians from around the world some of those they met like the japanese singer saya appear on vertigo days. before we wanted to bring in guests so that we weren't just doing in our own juices the whole time because it's a reaction to the political situation which seems to be all about isolationism and closing the borders and not allowing anyone in and somehow everything is getting more and more conservative and nationalistic everywhere. helped by its musical guests vertical days opens up artistic borders and takes a musical journey around the world. it's a complex and poetic album melancholy yet finding comfort and positivity in these uncertain times. now with 70 shops close we are being encouraged to repair things old recycle a good thing for the environment of course something that british artist i'm counting to on his base toe work on for decades she's part magpie alchemy just creating works out of everyday objects often ones you wouldn't imagine could be off and also things that otherwise might be thrown out the results are fabulous and have even impress the british monarchy. strands of pearls approach is. using these and other costume jewelry this artist has constructed a sparkling galleon in arduous and painstaking detail. in other artworks discarded hangers become the feathers of a head dress. buttons are transformed into postage stamps on canvas. cans and bottle caps formed busts modeled in the classical tradition and carrington turns junk into art i like using materials that other people don't notice and bring bring them to their attention something that might be able to look like a button or a book on top is actually quite beautiful thing and think it's nice to shine a light on most of jack's and for people to see them in a different light. this bouquet of flowers is also made of scrap metal. the british artist spends hammers on sutter's old knives forks and spoons into the petals on stems and flowers. she turns the cast of silverware into a magnificent arrangement of flowers. the inspiration for the sculpture came from old master paintings. this was inspired by. that i saw in painting in the rights museum in amsterdam. and i decided that i wanted to make a sculpture inspired by his still life painting one of carrington's extravagant pays is even part of the permanent collection of the victoria and albert museum in london please elaborate pieces cost up 210-0000 euros many celebrities already have a carrington at home for art also appeals to british royalty. 2012 for the sixty's jubilee of queen elizabeth the 2nd and carrington constructed an opulent bammer from about half a 1000000 gold but it's the design was developed in close consultation with prince charles the banner was draped over the stern of the ship in which the royal family embarked on a parade cruise and i think and of course for years i've been making. mcqueen from buttons and to be actually making a pretty foul with wonderful. carrington finds the material for her art in junk shops like this one of her adopted hometown of margate in southeast england a specific object often captures her attention becoming the foundation for a new piece of work. i use a lot of similar materials to make my artwork lots of multiples and i want i come somewhere a lot this i'm going to find multiples and if i don't have enough hair sometimes i'll go on e bay or i might go to a scrap yard. an option. carrington began working with found everyday objects while dark school more than 30 years ago she's used a wide variety of materials over the years and plans to start branching out into glassware. but no matter what material she gets her hands on him carrington has a special talent for turning other people's trash into beautiful treasures. now a couple of stories from the fashion world beginning at the passion paris couture week which because of current travel restrictions is all online and not necessarily in the french capital. and dean giorgio armani show took place in a beautiful villa in italy without a catwalk and audience very elegant couture from him this year with colorful designs and it's good to see a little bit of sparkle in these troubled times. to roam the magnificent 14th century so is the background for valentino is more off the wall. but again thankfully with lots of color to brighten olive day tino a big favorite of hollywood stars so maybe we'll see some of these creations on a virtual red carpet this year. and staying with fashion your remember this stunning yellow coated red headband worn by the american poet amanda gorman of the american presidential inauguration both were made by the designed label prada that our goldman has been signed up by a top modeling agency j. it's been seen as a shrewd move by the agency with young people finding the fashion industry is out of touch with what is going on in the world today. and now to a new movie that comes out on netflix this weekend the dig based on a book by john preston recounts the 939 sutton who archaeological find in england that revolutionized our understanding of the history carey mulligan stars as a widowed land owner who employs an amateur archaeologist played by ray fines to excavate mounds on her property that they both believe may be viking burial grounds . or you want to dig miss is pretty. tiles of buried treasure. my interest in archaeology began like you were the last mail left to hold a trial. my childhood home was built on a thrashing convent i helped my father excavate yeah this. speaks to. the cost. they did was shot in suffolk has near the original sutton who site but it's not just the documentation of the famous archaeological discovery. i didn't know much about something new but i was very taken with the story that the excavation i was particularly moved by causal relationship to be pretty by carey mulligan. the 1st human hand print on a copy. of something continued. when excavation stone terrified actress carey mulligan during filming in ensuring costar ray find safety in a scene where he was buried in mud island he also kara. yeah i mean obviously you break it once he's a stunt mom which i totally get but it just it leaves me with the terrible task of trying to you know stop him from the casing which is pretty i think you'd better come and see. thankfully they find survived being buried alive and the film couple can go on to make an archeological history or king everyone is going to want a piece on this issue from. finally today the sad news that hollywood actress cloris leachman has passed away at the age of 94 she won multiple emmy awards for how television work especially playing the delightfully neurotic phyllis been strong in the mary tyler moore show back in the 1970 s. of the same time she won an oscar playing on them based housewife in the last picture show she had a long career. a in show biz and only stopped working a few years ago. more on the websites of course at v.w. dot com slash culture lots of all the arts and culture stores to be found there as well that's it for this edition thanks for watching. complex when china imposed a national security law on hong kong last year and promised that the principle of one country 2 systems and be basic rights that in trials would be of help for critics point to a rapid on motion of freedom 6 my guest this week is michael beijing member of hong kong's legislative council and deputy china's national people's congress. conflicts . like. germany with. any time any place. the names video never. have the benefit of cracked. songs to sing along to download to his desk on the. from soup. to music. and there it causes into active exercises the kind of thing about that deep down you don't come slashdot on facebook in the store. jammin for free when the devil you. they want to know what makes the devil. jump. on banning going away from the. i love the outdoors my own good and everyone was laid out holes in everything. are you ready to make a difference then join me right just do it under a. new. life on earth little coming to an end. a gigantic coincidence. that previously the earth was just a messy chemistry lab a thought mission. where the improbable but. the creation of our solar system with our planet is a bit like winning the lottery there is a little. moon furth. starts feb 11th on t.w. . this is news and these are our top stories drug manufacturer astra zeneca and british prime minister boris johnson say the company's covert 19 vaccine is effective in older people they were responding to news that experts in germany had recommended that the u.k. swedish vaccine should not be offered to be over 60 five's the countries vaccine committee said there was insufficient test data for this age group.

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