stick around she'll be right back. on the. whole. ordeal. i'm secure that the work that hard and in the end is a me you're not allowed to stay here in a more we was in to that. are you familiar with this. with the smugglers with alliances. what's your story. 'd on what numbers and women especially are victims of violence. take part and send us

your story we are trying in all ways to understand this new culture. another villa turn out of the earth you want to become a citizen. in for migrants your platform for a while information. the u.s. government deficit reaches a record high as coronavirus spending rises and revenue declines with millions of people still eyes of work more money will have to be pumped into the economy how much more debts can america sustain. also coming up a german parliamentary inquiry is looking into the conditions that allowed some tech giant wire cards to commit one of the biggest accounting scrolls in the country's history. this is the business i take for example for joining me the u.s.

government's deficit house has a wreck or as high in the 1st 3 months of the budget here the government was nearly 573000000000 dollars in the red the costs of the coronavirus coupled with a decrease in revenue are pushing huge pressure on the american economy millions of people remain unemployed and are relying on the next round of government aid. let's talk to his financial correspondent young squad to in new york. tell me how much more debt can america stay here kate did so really breathtaking it seems like the sky's the limit and it's not just the budget deficit but also private household that corporate government debt to it's all on record highs as long as the dollar is the main currency on the planet so that helps to sell treasuries or was that debt and then also the federal reserve keeps pumping money into the system buying

a lot of this debt but clearly how to get rid of this that eventually that actually will be the big question for the future what could all this mean for it joe biden's plan to inject much needed stimulus into the ailing american economy. yeah well i mean what we are probably going to get is that we will get a new picket sooner or later even if the whole impeachment proceedings might actually deal a the whole process there was talk that there will be a one time checks to americans in the amount of 2000 and not just of $600.00 what the trump administration got underway but i'm standing here on one of the main shopping this district in a part of brooklyn and just if i look around there 123456 we tailed stores are closed for good you might see the little structure they're working on for outdoor

dining so clearly we need much more help and even if we might get those $2000.01 time checks it to the american people that's not going to do the trick for a lot of the structure or problems in the united states so sooner or later we will get an aid package but there are really some structural problems here in the united states and that will takes quite some time to solve those it's quite a thank you very much. time now for a look at some of the other business stories making news. new york mayor bill de blasio has announced the city is terminating its business contracts with donald trump in response to last week's violence at the u.s. capitol to the trump organization earns about $17000000.00 a year in profits from running 2 ice skating rinks a car a cell and a golf course. home sharing platform air b.n. b. is blocking and counseling all reservations in the washington d.c. metro area during the week of president elect joe biden's inauguration that also

includes bookings made to its subsidiary hotel tonight security forces are on high alert after supporters of president trump stormed the u.s. capitol last week. here in germany a parliamentary inquiry is looking into the conditions that a live discrete fin tech giant wire card to commit one of the biggest accounting frauds in the country's history the firm went bankrupt last june after admitting it had almost 2000000000 euros in invented funds on tuesday a high ranking german government official defended the decision to lobby on behalf of wire cards during a visit to china according to the financial times germany's comments bond warned the country's financial watchdog about money laundering with early 2020 that speak to daniel baez he's the spokesperson for the german parliamentary inquiry into wire card mr baez the wire cross gondola has cost germany's financial regulation in

a very. reporting today that come out already raised concerns about why a card back in january of last year did willfully ignore those warnings. well if you take a look at the history of the financial supervisor of barfi and its relation to wire car you can see that many mistakes have been made so my question is why did baffin consider why a car a tech company rather than this financial holding because of financial holding would would have made it easier to overlook activities of wrought or why didn't buffing go follow up on the money laundering hints and most important to me why did boston released a short selling bed and went after the journalists of the financial times because this was the moment where buffett decided to stand on the side of why a cut on the side of crew most rather than take the critical hints from journalists and from a hedge fund seriously these are some of the questions that we want to follow up in

the special investigation committee and i'm not is he a fit permission and what about the role of on there as far as 10 young auden at wired for several years well every consequences for its failure to uncover at this massive fraud. well yes that's a major question that we are definitely following up in our special investigation committee so there are 2 levels to it one is we will interrogate ernst and young very seriously in order to find out what went wrong and why they ought to cost of lee for so many years for wire cut even though basic evidence such as banking account statements of the bank have been missing for years level $2.00 which is what consequences what political consequences that have those that have in terms of regulation of auditing companies my i think that for example we should exchange auditors between companies more of let's say every 6 to 8 years or all it will

arrest the probability in order to detect criminal fraud activity such as fraud got into wire can't let's talk more about corporate governance what needs to change in germany to make sure this can never happen again. well i don't know if we can say this will never ever happen again but you mentioned a good point because besides reforms of the financial supervisor already in companies we need to take corporate governance very seriously i'm convinced that we need to strengthen the independence the control rights and the expertise or supervisory boards within large german corporations and we need to define regular oratory criteria on top of that we need people on the boards that understand the complexity dynamic is the risks that come along with the business model and of course they need to have the critical attitude and the moral integrity because obviously this is something we lacked why are complex and i think we need to draw

some consequences for. that and by a spokesperson for the german parliamentary inquiry into why a card thank you very much if you found digital nomads are used to packing their laptops and heading off to work in whatever destination must appeal to them at a given time with more workplaces now offering the possibility of remote working an increasing number of regular regular office workers are embracing the lifestyle. lispenard portugal's picturesque capital is a favorite distin nation for digital nomads among them egor the 28 year old has previously lived in canada and sweden a year ago she began a new adventure in part your goal. when i came here i was like what am i doing here i didn't know a single person i didn't know a single word portuguese i didn't know how to say thank you. need to come here for

me it was one of my best decisions in the world and. melissa eggers employer is based in canada who work is digital and flexible leaving her free to live where she pleases and lisburn really appeals to her with its mild climate and the truth on her doorstep. but egger says it's a misconception that digital nomads always work on the beach or in their pajamas in bet she regularly rents a flexible work space in the city center for. you need to be detrimental to your work even if there's nobody sitting behind you and say well read no you're not doing your work please go back to work so it's a lot of self discipline and self planning. it's evening in a bar in central lisbon. melissa regularly meets her friends here some of them are

locals and some are experts like her who loft in the madigan existence i want to see more before i even. try my friend's house. oh throw is in the will remain her home but at 28 she still finds its true parochial there right now giving up her largest of digital nomads is out of the question. figure in you know how it's classified me. well worms as a human food the creepy crawlies which are actually the larvae of the milk beetle i typically fed to pet reptiles and fish now the food agency says people can enjoy them too rich and protein fast and fiber they can be whole or as a powder think radiant noodles. these wriggling gropes could be the future of european cuisine cooks of course but even an e.u.

palettes may need some time to adjust to this new color and re trend milam be to love they have just been certified as food by the european food safety authority they can also be turned into flour for some tasty larvae noodles or biscuits food scientists behind the certification say there's lots more to come or have seen that there is an interest to use this kind of knowledge was. included seen in that you know really big sorts. of other food stuff for example what you see me as an ingredient in in dates in sauce cities in drinks and birds these indeed other countries are far ahead of the e.u. when it comes to delicious bug delicacies they've been a regular part of asian cuisine for ages they also feature prominently on african menus the creepy creatures are seen as highly nutritious and rich in protein and with the forecast 9000000000 miles to feed on the planet by 2050. you might be

seeing the breaking of a new nutritional dawn. delicious and nutritious that's it from me for more you can look at our website e.w. dot com slash business for on social media as well check us out there for me in the team it's about i think our. cold no one. elite 10. refuse left that has been living here for months under inhumane conditions the situation for refugees in bosnia is escalating local authorities were fused to take any responsibility while rescuers suffer and many others awake for help gain some goods on europe. in 60 minutes on t.w.

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a girl. can't sleep. earth couldn't sleep. good currents. this is news to africa on the program today uganda on the eve of the showdown election polls open in just a few hours from now but there are fears off to a violent campaign and this warning from president you where.