tons of plastic waste. is the way. to have to roll the environment isn't recyclable. make up your own mind. w. made for mines. germany's political leadership is set for a grilling of one of the country's biggest business scandals wire cart was an investor darling that invented its revenue figures what do the politicians know and when. most of them show satellites are becoming smaller and cheaper paving the way for a boom in private sector launches so where does europe stand look at start up out of munich. well welcome to the show i'm saying there's the imbalance could have with us the parliamentary problem in 3 investigations of germany's wire card scandal has come to a climax as german chancellor angela merkel and finance minister olaf schultz

appeared for questioning the shots on thursday rejected any blame for failing to catch the alleged fraud sooner telling the closer committee that company managers and officers were among the culpable medical is set to appear friday wire car join germany's blue chip dax index before admitting last year they're watching 1900000000 euros of its listed assets likely did not exist former executives now face criminal charges while investors are looking for compensation. he w. business reporter chelsea delaney has been following this she joins me now in studio chelsea obviously there are a lot of business scandals that crop up from time to time what makes wire cards stand out. well i think this story has really captured public attention and not just because of the financial details so and you know it docks listed company basically going up and smokes 20000000000 euros worth the market value being a racist but also because of how it showed the way in which wire cart was able to

build this really powerful network of allies the former variant police chief a former state minister all of these really powerful hiring king officials who were able to really insulate them from these accusations of fraud for several years and i think it also just showed how many levels of failure there were in terms of in terms of regulating a company like this it wasn't just you know the regulator boffin that really missed this it was accountants it was a politician so there's really a lot of blame here well speaking of blame it was trying to reject the blame right now we're seeing the highest political figures being question for this all of shoals today what if we heard for him from him well of today is saying it's not his fault it's not the federal government's fault we've heard this from a lot of people and recent days in recent weeks in these interviews his argument is that this is really the auditors fault. did accounting audits of why are cards books for over 10 years and they always signed off on them so he's saying it's

their fault but we've really seen a lot of this blame game throughout these throughout these hearings so i think that's still causing a lot of skepticism someone has to be to blame here but it was medical tomorrow if everyone's going to be watching this are we talking about it what should we expect . well the heart of the questions for merkel is really why she went to china and late 21000 and lobbyist for wire card at this point there had already been media reports particularly in the financial times for several months highlighting the accounting irregularities we'd already heard from an adviser of hers earlier this week in this inquiry that they didn't have any information about the a regular when they went to china so they had requested a file from the regulator it came back basically clean so they're saying they didn't have this information but it obviously had been out there for quite a long time so i think a lot of people are going to be really wondering how they sort of missed what had been a very public and from nation for quite a long time now all right all of this coming in

a very big election season. business reporter chelsea delaney thank you very much. all right let's go now to some of the other business stories making headlines. this was regulator has opened a fresh probe into credit suisse following lenders heavy losses linked to u.s. based hedge fund or k. goes the regulator said it could order changes to the bank's risk management practices it's the latest in a string of scandals including corporate spying to hit credit suisse. cathay pacific will close its pilot bases in canada australia and new zealand the airline out of hong kong lacks a domestic market at a time when international borders are largely shut it's reported a record annual loss of 2 point $8000000000.00 and its cut almost $6000.00 jobs in. air travel in general is expected to recover much more slowly than expected that's according to local airlines body i 80 a it claims vaccinations allays and government restrictions i $88.00 picks traffic

will only reach 43 percent of pre-crisis levels in 2021 the industry is projected to lose 47000000000 dollars this year. australia's federal government is revoking a state governments deal to join china's built on road initiative canberra says victoria's deal with beijing is inconsistent with the country's foreign policy last year australia introduced laws which allow the federal government to cancel deals between states and countries that it considers a threat to national interests. well space was once the domain of large government agencies think nasa or russia's ross cosmos now increasingly private companies are the ones moving in space it turns out it's big business especially as demand for satellites grow they are currently there about 3000 satellites in orbit the u.s. by far has the greatest number followed by china and russia however more and more countries and companies are getting into the mix so things are about to get more crowded especially as companies lean on satellites for applications such as land

mapping or g.p.s. now here's a look at what soon could be cruising in low earth orbit as you can see the current number there around 3311 must starlink his company wants to send more than 40000 satellites into space in the coming years amazon plans more than 3000 which seems like a tiny number compared to that one but still almost double what's already up there so who's delivering those satellites that's where the market is growing were. is this germany's answer to space x. . the spectrum carrier rocket is due for take off next year. this small launch vehicle has a diameter of just 2 meters and a payload of only 1000 kilograms. if you look at the technical developments in the recent decades or the recent 2 decades this thing that satellites keep the coming smaller and smaller so the demand builds away from

the very heavy lift launch for the calls that have been developed in mainly institutional development programs to small vehicle that can serve those dedicated small launch the months. mini rockets for many satellites the start up ease our aerospace was founded 3 years ago by students in munich it now employs 150 staff from 30 countries the prototype is already on display but we're not allowed to film it for now everything is strictly under wraps. building a rocket is the most difficult thing you can do from a technological point of view you are moving in areas of technology where you need to go through the absolute limits of what is achievable with the current technology the journey to space will start in norway where all monch site for small satellites

is currently under construction spectrum has reserved one of the 2 launch pads. money bill equal space industry will be the cost is growing industry in the next decades the coming decades and i think this is correct 1st of all. an increased use of. us. separation communication. navigation all kinds of infrastructure and all and i'm open societies and all new infrastructure in space several satellites but only a few launch vehicles this is the gap in the market aerospace wants to film demand is already high as soon as the norwegian launch site is completed it may be time for takeoff. enjoy now by he's

a former astronaut for germany and payload expert and he's a professor at technical university of munich great to have you on the show is our was founded by one of your former students is it alone in this field to some extent or will we see more startups like it in the future. they already many thought it was in germany there's one in august group called the rocket ship 3 our book and there's another one even called halts which is located in. so actually in germany we have 3 and well there will be competition but that's good what is it that striving this growth we saw a bit about those smaller satellites is that really what's behind it is that make it more accessible. yes well 1st it's money of course but there's a market already because the classic of satellite providers they've built the lives of borrowed 2 to 3 tonnes wheat to do you can build to live down to 100

kilograms they usually they are not large to a 300 kilograms so they build new rockets which they can take 2 or 3 to light so in total about $500.00 to $1.00 tons 500 kilograms to want to run and that's a new class of satellite the or to provide is a classical providers they don't care about those satellites they care only about this big celebs so actually it isn't unique about you so what is that accessible concern the money that's out there obviously startups see large amounts of money coming in to talk about rockets and launching satellites into space is there the kind of money out there to support all these startups or yes this is a money even the classical satellite providers are building down sizing down their satellites to this very small satellite a bar only a couple of 100 kilograms so the market is there however the old providers like i mean yeah no they cannot change their rockets they have

a big rockets and they need to have big settle lives to bring them in just a few are probably they can want some early switch from a big to a small set of rockets if you expect to see any crossover between these private efforts and europe's public efforts which it's also trying to boost to to do more in space frankly well this is there isa like in nasa support these small companies space companies in building smaller set lives and rockets but it's not like that in there let me give you an indie sample. easer doesn't say please provide a rocket for all purposes that's not where they're doing now is it doesn't they go to your mask and say please build a rocket that we can fly to the international space station so it still different however easer supply all of those small start up companies i'd ask you can you imagine space tourism coming to europe as well you've been the space you know

the draw you know how many people want to go up there could you see that briefly if you can't oh yes there is a big good space through the markets yes that's true it will start most probably this next year branson he is flying in support of clients of older means not going around or just going up and coming down going to space yes people are paying for that the current price is priceless $250000.00 for flight which takes about an hour or so is all the market is here and the most important part about that is that the lead prices drop not only for a flight but look but the top prices for the entire market always fall to astronaut for germany thank you so much. and here's a reminder of the top stories our. germany's political leaders are being questioned over one of the biggest financial scandals in years one year after the implosion of

payments provider wire cars are made up revenue numbers. that's it for me in the g.o.p. business team here bill and to find us online dot com slash business also facebook and twitter i'm seeing there's this watch. the fight against the corona virus pandemic. has the rate of infection been developing what does the latest research say. information and context the coronavirus update. on t w. n u u m e no yes yes we can hear you and how the last 2 years german sunflower will bring you an angle a makeover as you've never had to have before surprise yourself with what is

possible who is medical really what moves and also who talks to people who follows her along the way admirers and critics alike how is the world's most powerful woman shaking her legacy joining us from eccles last stop. the crisis in brazil is going from bad to worse and up like other countries the virus is killing many children. some doctors blame an extreme immune response to the virus multisystem inflammatory syndrome. critics point to government mismatch. bent for the 2nd highest cova death toll in the world. doctors without borders calls it

a humanitarian catastrophe it says authorities refusal to adopt evidence based public health measures has sent far too many early grave fairly goma's starts a day early she gets up at around 4 am worried about having enough food for her 4 children to have breakfast. i wake up with the feeling of being in agony i jump out of bed in the 1st thing i do is thank god i'm alive i look at my children and think to myself today i'll bring home some food for them i leave the house early to fetch bread there are days when i can't manage to bring them anything but they run out overnight. gomez lives in a for valor of around 100000 people in south paolo here and across brazil unemployment hit a record high last year this community association helps people living in

marginalized areas to find work. we had an 84 percent increase in demand for employment after the government's emergency aid ended and the number of people seeking our help tripled because so many people didn't have any support and he did it because. in december government aid of around $84.00 euros a month was cut making an already difficult situation for many much worse. the number of people living on less than 36 year is more than doubled many families stopped cooking with gas and started using firewood 27000000 brazilians live in extreme poverty renate tom daley has been researching the fatherless for 20 years. noel. full of data shows that the poorer you are the higher the rates of infection . the more on the periphery the person finds themselves in the higher the death

rate from coronavirus. brazil has added 2000000 more people to the marginalised areas in the past year it's not ethical that brazilians have to choose between going hungry or getting the virus it's an ethical. choice. for adults live in the home of sylvia hayes us she's a cook and the only one still to have a job but it's just one day a week she used to cook in other people's homes but they let her go for fear of infection. this pandemic is difficult it's going to leave all of us starving and that's apart from all the damage it does to your health look at this q we're all in the same boat. with a shortage of vaccines and hospitals are overwhelmed it's hard to see a way forward for people in the lowest social groups who are trapped by both

poverty and disease so life's become even more of a struggle for many brazilians money nicholai is from doctors without borders just how catastrophic is the situation in brazil. yeah the situation is really bad and so in the end is if teams are working will one day in 70 countries we have supported. facilities in the response to kuwait and in the beginning it was difficult everywhere where we see now a year after that the situation is still very very constructive in brazil and our teams together with the stuff on the ground is overloaded they don't have for instance the drugs to him to be to give them the right and stevia so we we have images where nurses are sitting on the ground next to people dying because they don't have the beds they don't have an oxygen they don't have enough medicines to treat the people properly so it puts immense pressure on the who health care

system but especially on the stuff as well and people are dying the numbers that we have this is unprecedented. in trees are some of those numbers might be as out of a population of 211000000 there are about 14000000 official cases close 266000 confirmed infections every day and to put it into perspective the death toll globally has passed 3000000 of the hof a 1000000 of those in the u.s. in brazil about 375000 why such a poor record. yeah well this is the right question if you put the numbers on the screen so this is exactly why we have taken the microphone to speak out about this because there's no court response we don't most this pandemic in the intensive care units you have to have actions in the population as we all know or in europe and

elsewhere that we have to do things not only vaccinate but we have to go measures like wearing masks keeping physical distance. work reduce not essential mobility. do testing and contact tracing all these things are not done in accordance with in brazil and the health authorities are not putting themselves behind this and it's scientific it's knowledge that we have constructed over the last year and it's not being implemented in news is brazil's leader at fault here in this case well we we are 20 and one individual it's notoriety it's the federal government and it's the health authorities local governments we work very well and local level and the people there are overloaded is well they're crying out for help we need a plan we need a good plan that is implemented and we're not asking for barry complicated issues it is common knowledge now does it you need a package of elements to implement. those to try to stop the transmission

look at the numbers you put on the screen every day the number of people that are getting infected in the health structures cannot go in a country as brazil because brazil is not one of the poorest countries in the world it has a very good system in place normally but it's collapsing what's your explanation then for cover killing so many young brazilians including babies. yeah we don't have a good explanation for that so we're also looking into this with together with with other scientists what exactly is it that makes it of course there are new forms of the virus in in brazil as well so we have new modes mutants of the virus if you don't have a collective response that we're asking for now yeah we see the funeral there is a collapse or places to to bury people it's horrible if you speak to brazilians everybody who has has somebody that has died or are is is being interviewed but the

point of the children we cannot get completely explained there are new mutants if you don't have a collective response you get the virus to us ability to create to escape the system and to survive but the new mutants do not just explain the situation if we compare it to southern africa for instance where we also have new mutants they have facts to make it less people proportionally then in brazil but they are reducing their peak because they put other measures in place so they're really 'd gins don't explain the situation in brazil and we need a public health plan really briefly this multisystem inflammatory syndrome or m.i.a.'s which is being blamed for some of these. deaths amongst children is that what could be the main cause. here this is something of this is not for us to comment on it is doctors without borders this is very technical the right

research is have to look into this i would like to make any you know our hypothesis and estimations on it is it's dreadful the job children drive the disease when brazil the whole population suffering all families are and where we are calling for it stop the disease in the communities by doing the right things and we know what we need to do. have to leave them i need a life from doctors without borders what have you on the show today thank you. of into our science correspondent eric williams who has a feel question about the european union's vaccination if it. why is the e.u. are lagging behind in their race to vaccinate. this isn't really a science question but people here in europe have asked it so often in the last few months that that i wanted to talk about it for a minute 1st of all i think it's important to say that compared with

a lot of the rest of the world e.u. member states aren't lagging behind at the moment it's countries have on average injected over 20 doses per 100 people and are currently inoculating over 2000000 people a day the global vaccination campaign has certainly certainly chugged along faster in some places notably israel and the u.s. and the u.k. but even so in many many other places the numbers of bax unaided are growing at a much slower pace still there's no question the e.u. stumbled pretty badly out of the blocks and it's vaccine campaign and that mistakes were made that will cost a lot of european lives critics say $1.00 of the biggest is what at the time last summer was viewed as a strength which is that the e.u.

negotiating as a bloc drove hard bargains with manufacturers but then neglected to get the iron clad agreements on delivery and the result was that in the 1st quarter of 2021 only a little over half of the contract of doses were delivered the e m a has also been slower to authorize some vaccines than its counterparts elsewhere and and vaccine distribution. and has proven problematic in different ways both at the e.u. level and in individual member states but there are hopes that the block is now turning a corner of sorts and and many leaders say they still expect to meet the goal of vaccinating 70 percent of the adults in europe by the summer.

finally this could win over some vaccine skeptics joints jeb's new york recently legalized marijuana so the long time activist on a bill set up a booth in union square handing out plans to anyone who showed they covered 900 that's nation cut hundreds came to give away ended with a smuggler. as to finish on a high point thanks for watching. finally

learning to read 60. her entire life costly you may has invested everything into education for her 10 children. she herself is a little bit like many older women in turkey but has lee in my analysis that learning always pays off. focus on europe. in 30 minutes on the d w. belonging

to one official estimates more than 1200000 venezuelans live in colombia legally and illegally. already. returned to. to visit friends yes i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. bearing witness global news that matters. made for minds. ready to get on to more exclaims places in europe are smashing all the records stick into a church. just don't lose or grip its interest for much globe trotters it's good for some of europe's work or great sites play.

also in book form. if you feel worried about the planets. please save. money oh i was talking on the green sunspots cost and to me it's clear remains choice. the solutions are out there. joining me for a deep dive into the green transformation for me to use for the plants. place.

blame. blame blame blame blame blame. this is data of a news live from derby and the most new coronavirus cases anywhere in the world are in india as the country sets and now the global record for daily infections many areas including the capital are in crisis hospitals are overwhelmed some have run out of lifesaving oxygen also coming up the race to stop global warming the u.s. prepares a virtual summit to tackle climate change on a day when more than 50 years ago people 1st rallied to sound the alarm. plans with ukraine seeking.