The priest and the whole trust changed to me thesis listen to our podcast on the green fence. Story so that people for d. W. I. On facebook and twitter up to date and in touch follow us. Its not quite gave over yet for a game stop small investors out have reserved reverse their bad on buying up the stock at the end of a wild week on wall street. Also on the show africa could get caught in the middle of a vaccine tug of war as the e. U. And china try to cement their influence on the continent. And normally the World Economic Forum Meeting is a gathering of the elite at a swiss ski resort this year it was entirely digital we look back at the top stories from the meeting. This is the w. Business im done now the one in berlin glad you can join us. Game stop stop is rising again after it following a ban on buying the shares on some Trading Platforms now at least some of those curbs have been lifted its just the latest twist in the thriller thats captivated the finance world shares in game stop have rocketed over just a few days gaining over 2000 percent thanks to small traders. This is game stop a brick and mortar retailer specializing in video games its pretty popular with gamers even though much of the market has moved to streaming a trend that will likely continue threatening to put game stop out of business just like Record Stores and video rental chains some big time investors on wall street have foreseen this and try to make a buck on the obvious trend hedge funds have been short selling the stock which means they have borrowed shares and sold them hoping to later buy them back i dont know what price and thats where things got out of hand and gamers and hobby investors came together to go after wall street. Yemen ends column mclellan im here in Houston Texas im 31 years old and i have been in the stock market for the better part of the last 10 years and i bought game stop earlier this week on tuesday when i saw some traction around in the wall street. Read. Wall street bets is an online forum where users discuss their big plan to buy up as many game stop she has a possible driving up the price and hurting those hedge funds who had bet against it their plan worked and looking at an insane rally in the stock price multibillion dollar hedge funds found themselves in the squeeze quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point 72. 00 Asset Management the total damage to the hedge funds over 5000000000. 00 wall street cried foul and warned the new investors about the danger of losing in the long run it turns out they already knew. Thats what it is is their regular joes versus wall street and thats when i put money into it i said even if this goes to 0. And i lose everything i like being a part of it and that cemented shared amongst a lot a lot of people. So its not only about money its a david versus goliath fight that goliath might win after all under pressure Trading Platform robinhood which most game stop bias used has now limit to trading with the embattled shares sparking protests in the community and even on capitol hill. They were only given the option to sell and not given the option to purchase which would necessarily and or rather you know quite expectantly drive down the stock price you know i think these are things that are just calling a lot of attention and and as i mentioned earlier the Financial Services committee is probably to look at it so its off to another round as the future of game stop shares is unclear as is the future of the company itself as western countries visitor of huge contingents of the global vaccine supply africa is scrambling to secure doses the continent needs about 1500000000. 00 jobs immunize 60 percent of its inhabitants the special of for herd immunity and especially in south africa time is of the essence. Barrio teens and crematoriums can hardly keep up no other african country has registered as many called 1000 deaths a south africa it has recorded the highest number of infections at 1300000 and now the 1st vaccine doses are finally jew tour arrive some South Africans can hardly wait. Yet. Because i dont want to. Welcome over a fiver. I want to get a good suit but the lord sure we see. Overall south africa has a high coronavirus death rate there are also many vaccine skeptics here authorities are hoping their numbers twin dole once the Vaccination Campaign gets going the 1st one and a half 1000000 doses have been ordered from india 5 other african countries have already rolled out the vaccine the seychelles about 2 weeks ago for instance the vaccine used here comes from china and was donated by the United Arab Emirates the president of the seychelles received the 1st inoculation youre not saying save your buck saying the vaccine is safe and that will give us another tool in our arsenal for victory you know that were no board loving dog most african countries a trailing far behind in the global race for black scenes western nations have already secured about half of all doses africa is relying on International Initiatives such as the World Health Organizations kovacs effort its finals by the e. U. China and more recently the United States among others we are really in that the 1st those we rolled out. Probably next month and by march. Most of the country starting. In the kovacs initiative intends to supply 600000000 doses to africa by the end of the year provided they are no delivery delays. Robert kaplan joins us now hes an economist at the university of life sigs institute of African Studies welcome to the program sir or could africa be left for all or part 2 doses despite initiatives like kovacs. So i didnt get the question because of its about whether africa could be left with far too few doses despite initiatives we have like kovacs. Thats right. Africa is at. The end of the row because europe is focusing on on activities as the United States do and so they are left behind somehow but some somehow china went in and and. What seems now speaking of china if said before that africa could get caught between the e. U. And china on vaccines why is that. That is a special case because china was quicker than all the others like the you all the United States. Because they had a lot of problems getting their own populations west summated and protected with mark so china came in and was simply various very simply faster as the others and space spent a lot of money to get into this market of of maximization in on the african continent so theyre there the larger in the last years and they deliver vaccines. Job so some countries like this they say this is tells and other countries but nevertheless they are also a little bit late now even if africa does get enough vaccines doesnt have the infrastructure in place to distribute the doses effectively. The african countries have done a lot in order to so so so so caught up with the way of all of the grown up cases so very very quickly they did a lot to control the borders girl she was just a buddhist and so on and so forth but nevertheless they were on how absolutely so the back since because the European Union was late all the others but also made obo based around a lot of funding for a form of you age or in order to secure something or for the african countries im so sharma was ready for a bit read this. Also started producing works in egypt for instance. Delays compounding delays thank you very much robert kapil an economist at the university of life 6 institute for African Studies thank you for your insights. Time now for a look at some of the other business stories making news a dutch court has ordered Oil Giant Shell to pay compensation in a case brought by 4 nigerian farmers they allege that the dutch firm was responsible for widespread pollution on their land the farmers 1st sued shell in 2008. You. Chinese Airline Operator h n a has declared bankruptcy following a risky expansion the conglomerate was involved in numerous other Industries Including stakes in health and hotels thought to bank and in several air carriers the pandemic travel slump was the death knell for the company. The boss of germanys financial regulator is set to be replaced felix who felt was head of boston during the recent wire card scandal and was accused of failing to investigate the fraudulent phone tech firm the German Finance Ministry said it was looking for a fresh start at the top of the regulator. The World Economic forum is 50 years old this year but its golden Anniversary Event wasnt bigger and better than ever before where the coronavirus pandemic making in person gatherings a no go World Leaders came together over the internet as well as driving the form online the virus also dominated its agenda davos hasnt been this quiet in decades no signs of the usual hustle and bustle instead a thick blanket of snow the locals like it that way. You should. I enjoy it there are no great things there is little traffic it is quiet there so your guests i would be happy to not have the w e f here anymore. I mean. What the locals enjoy however is a painful sign of what has happened to the world over the course of the past year online World Leaders offered their plans and solutions with regards to the ongoing pandemic and stressed that International Cooperation is key to overcoming the crisis. Lets the end point though isnt it we need to choose a multilateral approach a self isolating approach wont solve our problems we see that 1st of all on the question of vaccination since its the root out of the pandemic and thats fear missing thats an option. The british people blame. But poor countries say wealthier nations are not looking for Global Solutions to the crisis and only thinking of themselves. We are all not safe if some countries are vaccinating their people in other countries im not vaccinating we all must act together in combating coronavirus because it affects all of us equally well Global Leaders can meet virtually to speak to each other the coronavirus pandemic reveals that International Cooperation has many challenges. And thats all from me and the Business Team here in berlin if you want more from us check out our website dot com slash business or also on facebook and on twitter thanks for joining us. Its about billions. Its about power. Its about the foundation of the new world order the silk road. China plans to expand its influence with this trade network. But theres a morning when for accept money from the new superpower will become a tendency. To finish because the Chinese State has a lot of money at its disposal. And thats how its expanding and asserting its status and position in the world. Chinas gateway to europe. Starts feb 19th w. This is the w. s a shot coming up today a message to the u. S. In the midst of rising china taiwan tensions. To the growing China Mission impossible. China also warns any push for taiwans independence means wolf i also going to explore what does the u. S. Of taiwan have to china as challenge plus. Taiwan mulls a rule change that could be a way out for Young Students from hong kongs to political crisis
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