i'll be back at the top of the hour with more news and in-between as always our website dot com and you can follow us on social media as well at danger news i'm rebecca racist thanks for joining us 1st news. a little guys this is the 77 percent of the platform put off for his super tuesday 2 shoes his share ideas. for this shutdown we're not captioned. africa's population is growing.

and young people clearly have the solutions to job. 77 percent now. on t.w.m. . the 1st. german lawmakers go after ordering firm for its role in the mass of wire card scandal the company says it was also duped wired part of busters meanwhile want to know if they'll ever see their money again. also on the show are you feeling generous or perhaps a little tight with walked out in full swing or berlin rushed to the customer to decide how much to pay. and farmers in east africa are striking back the locusts was devastating their props and making a little money process. the show i'm super busy in berlin the german

lawmakers investigating the massive wire card scandal grilled a representative of the auditing firm easy why on friday which for years signed off on wire cards falsified books of the witness a director at the white told the panel his company had also been deceived wire card a payment service provider was listed on germany's dax index before admitting to a massive 1900000000 euro hole in its balance sheets now anxious shareholders don't know whether they'll ever see their money again. is furious he did vested several 1000 euros in why a card share as the risk seemed low my account was after all listed on germany's most important share index the tax losses serves the tanakh i watched the share price in the reports on it to the new set of the reports that were now coming from so-called analysts. i didn't bother to let say look any deeper.

should i have. lots. of school. he would have found a lot if he had as early as 2008 the protection group for small investors asked some uncomfortable questions of why a card. if you googled why a card as a payment processor in 20062007 1st 1000 pages you would have found where hits from online gaming websites websites with pornographic content and websites that sold steroids cetera. sites that were prohibited in the operator's home countries high risk business by cards books contained corporate acquisitions with opaque ownership structures in tax havens. after why a card became a topic in the media again around 10 years later the german financial services regulator baffin failed to act instead prohibiting so-called short selling or share

trades that bet against the company the auditors from and young continue to certify that while carts balance sheets were clean today it is insolvent almost 2000000000 euros is still missing from the books next c.e.o. marcus brown is in custody and asia's see young master lack has gone into hiding 22000 investors have registered with the small shareholders protection association the damage done around 380000000 euros. i assume that the loss of it by private investors is significantly higher even if i look at the total market capitalization of wire cart which until recently was almost $20000000000.00 euros on the. lawyer fabienne teats represent several clients in the wild card case he assumes that the shareholders will be left with less than 10 percent of the company's insolvency

assets. i mean. possibilities to a set of claims for damages against the auditor against the auditing company and then against the members of the executive board if necessary he. has little hope of seeing any of his money again fortunately it was only pot of his retirement savings. was staying in germany the country's pandemic strategy is once again at a crossroads his numbers are rising and public patience on the other hand is wearing thin on monday berlin and state leaders will meet to discuss another extension but can businesses afford it well let's look at hotels and restaurants the revenue fell dramatically at the beginning of the pandemic and recovered only partially in summer before falling again now the german government has provided assistance but it's often come in late and for many it's not enough a recent survey found that 72 percent of hotels and restaurants fear that they'll

go out of business one in 4 are considering closing up shop for good. a financial correspondent car of booze and sin is this analysis from frankfurt. germany business newspaper hundreds plot has a dramatic cover page this friday announcing a story about the end of the month entrepreneurs are exhausted say the slums continuous lockdowns a 3rd wave of infections that is what puts everyone on edge for the economy altogether this means that the growth rates that we can reckon with constantly being reduced downwards the council of economic advisors for the german government said this week that during the 1st quarter the economy in germany is contracting 2 percent and for the whole year we can only hope for a growth rate of 3 percent that's a significant reduction downwards of this forecast and that's the problem for business constantly the hope for

a restart of the economy gets delayed once more and constantly businesses have to adapt to new circumstances. and they're in frankfurt or restaurants across germany are also adapting and some are even getting creative for one mexican restaurant blends noyon neighborhood solidarity is now on the menu. just a few months ago the line to eat a homemade kisa da here went out the door the mexican restaurant in berlin noise opened in september 2020. a few weeks later it had to close again due to the 2nd lockdown. owner boris skills stuff and his team had to come up with a plan. the restaurant now offers lunch menus had 3 different price levels the customers decide for themselves how much they want to pay. to think i think the reactions are really exciting ranging from that's entrepreneurial suicide i

couldn't do that to an interested and small discount on his mom's always had been then confused 3 prices can i pick a price now that's we're you know it's all true i think that's great. but the bottom line is no matter what the reaction is if the majority of people here the price that supports us as a restaurant. that support price is the higher ones those who've been affected financially by the coronavirus can mean well choose the lower solidarity price but no matter how much they pay for the food is the same for everyone. the customers are reacting positively. you need to think you know i think it's good that every person who can afford the higher price supports the other customers or someone who can be. very honest with you i think you have a right to ask. for like. you know gastronomy is having

a hard time right now so. yeah i think people are willing to donate some of them on from the neighborhood myself and i think it's ideal we're all very thrifty around here. the older kika team believes in solidarity with berliners and even after the pandemics over they want to keep charging only with the customers can pay . are clever business model there let's take a look now at some of the other global business stories making headlines. luxury carmaker lamborghini posted its most profitable year ever despite a pandemic shutdown that stopped working its a tie in factory for 2 months or the total number of cars sold was slightly down from $21000.00 number gainey sold more of the expensive customized super cars 2020 . use of russia's sputnik v. corona virus vaccine is ramping up around the world cameroon and seychelles approve

the job for use on friday is now available in more than 50 countries in europe regulators are conducting a rolling review. the administrators of south african airways hope to hand control of the airline back to management by the end of the month but according to reuters as a has been under a form of bankruptcy protection since december 21000 all operations ground to a halt last year and its workforce was slashed from 4700 roughly 1000. swarms of locusts have devastated parts of east africa in the middle east for more than a year now destroying entire fields of crops sometimes in a matter of hours there's no perfect way to replace that lost income but a startup in kenya has found a clever way to make money off the insects look. locusts in marut central kenya on a farmers corn cobs the u.n. believes 3500000 people are affected by the latest wave of locusts in east africa for many farmers their entire crop is at stake. you bet my room they'll finish

everything look at the scorn if you look at it it means that it only has today and tomorrow the day after that there'll be nothing left we used to have some weeds that we used to feed our cattle but there's nothing left now when i. look this still a plague and a terror for farmers but some are trying to turn the problem into an opportunity a few kilometers away in the kenyan highlands of like a pia as the evening said sin sacks are distributed and then it's time to go while the locusts are asleep 3rd plucked from the branches then it's off to the collection point which is run by a kenyan start up company the picture their goal is to utilize the locusts as a business model. for every kilo we will pay you $50.00 shillings if you start from around 8 pm you have until 6 pm because after that you won't be able to collect them you have the whole night to do so. but i want to because you got 50 shillings

or 38 year 0 cents a kilo of locusts to be processed into animal feed or fertilizer 1st the heavy barrel rolls over the socks and flattens the grasshoppers this makes an easier to chop next step drying in the sun after that the locus is ground into feed meal. and i used to formulate i'm a food for fish poultry bait is pigs because costs. and how that 7 percent of property so it substitute for the biggest part of the most expensive bottle if you disapprove people. in this way farmer joseph mayo can also earn some extra money by collecting the locusts it's already clear that his harvest will be less than in good years. tell you destroy all the crops when they get into the arms sometimes there are so many who can't tell crops from locust roofs and you couldn't get over

usually attempts are made to control the locusts from the air with insecticide but the swarm that threatens joseph may as field is too small that's why collecting them and using the locust meal to feed animals is not only a good business idea it may be the only way to provide these farmers with some income during the 2nd year of locusts. and finally after months of pandemic delays then to those 1st ever theme park featuring super mario open the japan this week. take a look the bright blocky surroundings are straight out of the classic super mario brothers game music for mario games plays throughout the entire park visitors can collect virtual coins on a smartphone links wristband by of course punching blocks just like italian plumber and augmented reality using the mario kart ride promises to bring the racing game to life park is along with nintendo's expansion efforts on the virtual world. looks like fun that's it for me and the business team here to check us out online

dot com slash business i'm superior to its watch. my 1st vice i was a sewing machine. i come from women are bound by this notion for. something as simple as learning how to write a buy side isn't. since i was in the doing good i wanted to have both guys thanks a lot michael and it took me years to when they. finally gave up invented by man buys a 100 times because sewing machine sewing i suppose was more apt procreates for those then writing i'm biased as knowledge i want to meet those woman back home put downs

by them duties and social rules and inform them of old dead basic rights my name is the about of the hook and i wore jeans and. this is the. coming up today bilateral tensions and. full display. u.s. and chinese diplomats exchange coast barbs at the 1st time ever. the u.s. is china isn't following international rules while china accuses the us of suppressing other countries. china wants from the u.s. last. from prickly problems to public relations cool how taiwan turned the pineapple into a symbol of resistance against china.