you are not charlie at all there is some change already happening for year and there on a minor level but the d.o.j. the department of justice the federal justice is investigating now the city of minneapolis and the police department here for all measures are pedants off force used so there has to be reform there has to be reform. reporting from minneapolis said at the funeral at their thank you so very much greatly appreciate it and we have come to the end of this edition of the union said thank you for your company up next is our $1000.00 special. their story their very own personal trauma. people

have to do to chesterfield remember. and they share private footage with us that has never been seen before. back to internal starts of april 20 hearings on g.w. . germany's finance minister is grilled over why a cod. tells a parliamentary inquiry that the playing for the scandal does not fly with the government well examine that plan. space is getting crowded with tens of thousands of satellites 2 years ago there over the coming years we'll look at the business. to profit. and they came like

a play on was battling an outbreak of the locusts in east africa are finding ways to turn it so that is about. this is day to business on robots in berlin welcome to the program. germany's finance minister says the country's government is not to blame for the why scandal. has been appearing before a parliamentary inquiry into the demise of the form a darling of the dax collapsed last year after admitting to a 1900000000 euros hole in its balance sheet the german finance minister and vice chancellor only optional it says he's innocent he denies all of the investigative committees allegations of responsibility for the former debts 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 his finance minister should have known. 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 finance supervision 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. marcus bone is now in custody. its former chief operating officer young marshall mcluhan 10 months ago. my recurrence auditor's the y.

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 fahmi kiddish is a hedge fund manager and short seller who appeared before the pundits dogs why caught investigation committee herself thank you very much for joining us on day to where you business you had your suspicions about why i called long before the scandal broke why well we began researching why are card back and 2017 ahead 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 auditors that were 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 by what you mean by that well if you will 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 of 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 carts 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 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 is to avoid having another wild card. 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 a cultural shift bringing in new for new blood and 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 any regulations but ensuring that there is adequate levels of into 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 x. it's it's a good thing prosecuting and enforcing rules and regulations are problems if a german our sights were to start here and it's played but we are outside thank you so much for joining us on day to business the. my pleasure take care. now space was once the domain of large government agencies line nasser and russia's roles cosmos increasingly that increasingly though private companies are moving in space is big business especially as demand for satellites grows currently around 3000 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 that is about to get even more crowded as businesses increasingly rely on satellites for applications like land mapping or g.p.s. for example iran must starling wants to send more than 40000 new satellites of its space in the coming years amazon is planning more than 3002 but how will they get up there that's an important question. is this is 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 decade or the recent 2 decades missing that

satellites keep the coming smaller and smaller so the demand goes away from the very heavy lift launch vehicles 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 start up these are 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 upon the you are moving in areas of technology where you need to go through the absolute limits of what is the chip a ball 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 space industry will be the cost is growing industry in the next decades. decades and i think christie's correct 1st of all. an increased use of. yes separation communication. navigation all kinds of infrastructure and all and a modern society is dependent on the infrastructure in space several satellites but only a few launch vehicles this is the gap in the market is our aerospace wants to fill demand is already high as soon as the norwegian launch site is completed it will be time for takeoff. back down on earth east africa is suffering from the worst locust

outbreak in 17 years but one startup is trying to help local communities profit from it. these bugs bring with them massive destruction and misery for farmers firm the black 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 low cost i like it's headed someone's going through it they're looking to the negative perspective but no i think one thing the positive part of it this thing can form on more food was done you can confronted in 2 off the labels we animals and it will be 2 before 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 and baraka southwestern kenya to this young lady i want to say yeah 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 $45.00 euros that's a huge amount tier the locus will now be crushed dried and ground and turned into a rich protein powder for animals so here at least i know chris can help feed both people and livestock. and myself a man of business james the next time i kept. the fight against the corona virus pandemic. has the rate of infection in developing what does the latest research. information and contacts the coronavirus not take 19 special. on t w. every day campus for us

and for our climate. global ideas is on its way to bring you more conservation. down to me big city street. how can we protect capitalists. we can make a difference. good line do this. the environment. 3000. 314000 new infections in a single day it's the worst coronavirus outbreak for any country. india's hospitals are close to collapse they are running out of medication and. 2000 people to. india had come off the.