and. you're watching every news live from bro len the stick around up next is of this news where's my colleague probably watch stuff on behalf of all of us here thank you very much for spending part of me to. where i come from we have to fight for a free press and was born and raised in a military dictatorship and just want to be shadow and a few newspapers one official information as attorneys i have work all of the strengths of many cantrips and their problems are almost the same 14 the social inequality a lack of the freedom of the press. corruption work on the floor to stay silent

when it comes to the fans of the humans on the scene or why the poles who have decided to put their trust in us. may name is jenny harrison anchorage a d. . germany's finance minister is grilled over why a card. tells a parliamentary inquiry that the blame for the scandal does not lie with the government will examine that. crowd with tens of thousands of satellites to go there over the coming years we'll look at the businesses hoping to profit. they came like a play but farmers battling an outbreak of locusts in east africa are finding ways

to turn it to their. this is due to be business. and welcome to the program germany's finance minister says the country's government is not to blame for the scandal. has been appearing before a parliamentary inquiry into the demise of the form a darling of the dax wild card collapsed last year after admitting to a 1900000000 euros hole in its balance sheet. the german finance minister and vice chancellor says he's innocent he denies all of the investigative committees allegations of responsibility for the former tax company's accounting scandal. the federal government isn't responsible for this large scale fraud obviously that happened with high criminal energy in the company . however the c.d.u. c.s.u. parliamentary party chairman says that is finance minister should have known. mosty

if the german finance minister bears the decisive political responsibility for this wire card scandal all issues converge at the federal finance ministry the balance sheet monitoring money laundering supervision financing provision employee transactions and short selling ban. why a card processed online payments moving a lot of money back and forth across many borders made it hard to monitor what looked like a successful dacs company was really a criminal world of deceit accounting fraud and money laundering. ex c.e.o. marcos bone is now in custody its former chief operating officer yan mushnick fled 10 months ago. my records auditors the why and germany's financial regulator buffy and say they did not detect any irregularities. that said sean's admits that the

state supervisory and inspection authorities were not well enough equipped for a case like this. he says what's important now is to regain the lost trust in germany as a financial center so we can now welcome onto the program follow me today as she is a hedge fund manager and short seller who appeared before the bundestag y. caught investigation committee herself thank you very much for joining us on day w. business you had your suspicions about why long before the scandal broke why. well we began researching wired card back in 2017 the head of the launch of my fund sac capital and the issue with wire card is that over the entirety of its existence it's faced very credible allegations from a variety of stakeholders beginning with its own shareholders various news outlets whether in germany's or domestic media but also foreign media and then we also had

various short selling reports so there was a consistency to these allegations there was history there and most times when this happens it's not as though these allegations are being made for fun that there's genuinely some reason that that's driving these sorts of suspicions so very early on anyone could put those pieces together and use that as a reason to investigate further from what you're saying it sounds like everyone was aware that there was something wrong except for buffy and the regulator. well there has to be a will to investigate so i think what we're learning over the course of the really brilliant parliamentary inquiry here is that there was complicity in multiple levels so you have the auditor is that we're likely complicit you have those within the german establishment within the regulators so even if we have the appropriate

regulations and the laws if there is no willingness to enforce those laws diligently then of course these these criminal activities can continue and part of the problem with wire card and why. this criminality persisted for as long as it did and got as expansive as it did was because they had the confidence of the support of the german government the support of the german government but what you mean by that. well it if you read about some of what wire card executives felt or how they operated or if anyone did some research they really felt that they could get away with everything because every time something new came out it's almost as though it didn't happen it was simply forgotten these various allegations were never really properly investigated by the securities regulator or by the by the bavarian prosecutor while on the other side of things

those who were raising those allegations were the ones who were the subject of criminal inquiries is it also a bit of a leap to go from an action to active support there i mean we've heard all off shots today the finance minister saying this is criminal activity and the government can be held responsible for people acting outside of the lol well it's funny as we come up on the one year anniversary of wire cards collapse that only now the ministry of finance is admitting that the at the end of the day were card was likely engaged in money laundering so when you when you look at that the facts collectively and in context and as we see these developments moving forward the fact that those within the establishment whether that's all actual tour or others have yet to take any measure of accountability for their actions and are still saying that they had no role in either the short selling ban or covering up any of

wire cards activities or standing in the way of any investigations is ludicrous and i and i would hope that the german public sees through these statements so in your view what's got to change for as to avoid having another walk. some of the actions of the ministry finance has already taken as far as changing leadership within baf and i think that's critical i think this is about the cultural shift bringing in new for new blood that i think the appointment of mark branson is one that is commendable. and i think generally germany has a really super her regulatory regime and market but when it comes to domestic issue as i think there is a problem and when it comes to money laundering that may be originating on german soil there is a problem so i think some of this isn't just a matter of making. human resources changes or changing

any and the regulations but ensuring that there is adequate levels of and independence and checks and balances across the regulatory regime and also ensuring that there's this culture of independence and that prosecuting crimes is 8 act it's a good fit prosecuting and enforcing rules and regulations our problem is if a german our sights were to start hearing that player but we are out of time thank you so much for joining us on day to revisit the. my pleasure take care. now space was once the domain of large government agencies like nasser and russia's roles cosmos increasingly that increasingly the private companies are moving in space is big business especially as demand for satellites grows currently around $3000.00 satellites are in orbit the us has by far the most but it's followed by china and russia and there are lots of other countries and companies also in the mix and it's about to get even more crowded as businesses increasingly rely on satellites for

applications like land mapping or cheap yes for example iran must starling wants to send more than 40000 new satellites in space in the coming years amazon is planning more than 3002 but how will they get up there so that's an important question. why. is this germany's answer just think sex. on 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 decade or the recent 2 decades you see that satellites keep the coming smaller and smaller so the demand goes away from the very heavy lift losses he calls that have been developed in mainly institutional

development programs through small vehicles that can serve those dedicated small launch the months. mini rockets for many satellites the startup 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 our launch site for small satellites is currently under construction spectrum has reserved one of the 2

launch pads. money believe based industry will be the cost is growing industry in the next decades. decades and i think this is correct 1st of all. an increased use of. yes scope separation communication. navigation all kinds of infrastructure and all in a modern society and on the infrastructure in space several satellites but only a few launch vehicles this is the gap in the market these are aerospace wants to fill demand is already high as soon as the norwegian launch site is completed it may be time for takeoff. back down on earth east africa is suffering from the worst locust outbreak in 70 years but one startup is trying to help local communities

profit from it. these bugs bring with them massive destruction and misery for farmers from the back picture is trying to change that in kenya where many see calamity it sees an opportunity by buying and making use of harvested locusts. you know at 1st people feel like. it's headed somewhere if they look at it in a negative perspective but no i think one thing the positive part of it. was done you can conform to do off the levels we i was and it will be simple for you the bugs can be harvested at the end of the day when they take a rest after devouring crops. that provides work for villagers in baraka southwestern kenya who live. just a day after i got 117 kilograms it's a gift from god we're very happy we didn't believe we would have or so much and wondered if they would pay us now we've seen their buying and paying we happy it

was never kept up. with a buck picture buying a kilo of locusts for $0.40 she has just made 45 year olds that's a huge amount here the locus will now be crushed dried and ground and turned into a rich protein powder one animals so here at least i know chris can help feed both people and livestock. myself i'm in a business team so next time i kept. i'm secure that volume or that's hard and in the end it's a me you're not allowed to stay here anymore we will send you back. are you familiar with this. smugglers with clients and the what's your story. 'd 'd on what numbers and women especially in victims of violence. take part and send us your story we are trying always to understand this new

culture. for you are not even a turn off and yet you want to become a citizen. info migrants your platform. for reliable information. this is the the good news a shot coming up today fighting for india's environment. young people in the indian state of go are campaigning to save a forest from destruction by the coal industry richard eco activist mama shiver explains why it's a mistake to preach the economy against being brought up on. debts has been.