it's not easy to spot i'm saying one thing and history is saying another. the great books of the 20th century. present day hoaxes. and who's behind the. new manufacturing ignorance starts may 3rd on d. w. . the. german chancellor angela merkel defends her actions on the fringes of germany's biggest ever business scandal wire card was an investor darling that called its books lawmakers want to know why the chancellor promoted the company overseas even as allegations of wrongdoing swirled. on the show today is the 2nd day of the u.s. climate summit in south korea is pledging to curb financing of coal power plants we're going to china take

a look. as will go to spain's costa del sol where there's cautious optimism the good times could soon pick up again. welcome to the show i'm seeing here is the end berlin german chancellor angela merkel has defended her promotion of disgraced payments company wire card during a trip to china almost 2 years ago. a closed door parliamentary committee that the september $21000.00 trip came before there was reason to assume problems with the company other than speculation and the berlin often businesses overseas wire card at one time investor darling collapsed in 2020 after conceding it couldn't account for 1900000000 euros of listed assets its accounting irregularities had been widely reported by the financial times for years heating up in spring 2019. business report chelsea delaney and chelsea this was the big day this was the climax of this investigatory panel were there any bombshells have there been any

bombshells so far from echols testimony. i think there wasn't much in the way of bombshells from merkel's testimony today she pretty much expected whatever one thought she would or she pretty much said what everyone expected her to say which is that there was really nothing wrong with what she dead when she went to china in 2019 and lobbied for a wire card at that point where card was trying to buy a company in china there was a lot of questions going into this today because before that meeting she had met with a lobbyist for wire card this was a former economy minister and germany a former defense minister as well and there was a lot of questions about what they talked about in that meeting whether he was pressing for her to to go to china and do this trip for her why are card she says that's not what happened at the trip itself was not about why or card she's really played down these these questions about the influence that wire card has had on her but she did acknowledge that at the end of the day she's the chancellor and she

bears responsibility. investigatory panel has been going on for months now what questions seem to remain unanswered well i think the biggest question and one that hasn't been really answered in a satisfying way is how so many people who had responsibility who had regulatory oversight over why are card just didn't take these reports that have been around since 2015 seriously so we've seen a lot of a lot of people saying that it wasn't there it wasn't their job to raise these concerns about why or card the baf and the financial regulator. accounting regulators everyone saying it's sort of pointing fingers but i think it's a little bit hard for a lot of these parliamentary inquiry members to believe that nobody in the in the in this in this years of periods where there were many reports about these and consistencies were able to raise the flag on these concerns shows that the

government has introduced reform since our record really collapsed would that prevent another wire car from happening. well they definitely want to make it easier to stop something like this in the future they have said they're going to be boss and the financial regulator they're going to give it more power they're going to make it easier for them to launch investigations but what this also showed was that germany's having a difficult time regulating tech companies so that one of the problems was that they couldn't really figure out who was responsible for regulating wire card because it was in part of banking system company was in part a technology company so everyone was sort of saying maybe this isn't our job so they also now need to think about how as we move toward forward in digitalization plans they're going to sort of reshape the regulatory system for that purpose right chelsea delaney in berlin thank you why a card is just the latest in

a series of large scale corporate frauds in germany including of course those wagons diesel emissions scandal the new issue of foreign affairs consensus doubts and mueller with washington based think tank brookings institute writes that the scandals have quote deeply coverville a deeply flawed corporate culture and resistance to accountability and oversight now earlier today i asked german lawmaker floyd if you agree with that assessment he's a member of the wire card investigatory panel here's what he had to say. i couldn't agree more this is absolutely correct i think shareholder shareholders position in german corporate law is too weak the supervisory board are not working professionally eloff and enough at least not all of them and they made from time to time by a management have much more freedom less control than in other terroristic something corporate governance issues and when it comes to the all 4 of his life often i think often a very very active authority in daily business is regulating deeply the daily

entrepreneurialism the fed on the financial markets but when it comes to a crisis when it comes to special situations where decisive action has must be taken. in this act slowly and bureaucratically so i think more of american advisory polisher with more in for inertial frame on the long side on the up side the size of action against those who violate rule that must be something we should learn off and should implement in germany as well briefly if you can do you think why are card could happen again today. anything which could could have happened in the past can happen today not only in germany of course the very midst of all control instance of control levels from the supervisory board for the audit just to those of parties have arrived. due to the wife our case we cannot be sure and there will be all that attempt to influence for all of my new fallacious of

a crime or we must be of a or we must be active or i want to leave it there floyd into a car a member of the german bonus type of f.t.p. and a member of that wired part investigation committee thank you so much for joining us. over now to a story we've been covering for the past few days the superleague us investment bank bank j.p. morgan reportedly stood to gain more than $6000000000.00 from its involvement in those now defunct plans for the super league according to german news outlets spiegel the bank had committed to financing the 12 original breakaway clubs over a period of more than 2 decades but of course as we've learned in the past 2 days after a major backlash from fans as well as the withdrawal of all 6 of the english clubs that had originally signed up those plans are now dead the water j.p. morgan says that it will quote learn lessons from the experience. all right let's take a look now on the other business stories making headlines for. profits rise to 4400000000

euros in the 1st quarter that's thanks in part to high demand china has put thousands of its employees on a subsidized short time work program after being hit by the bottleneck in semiconductor supply. southwest airlines has become the 1st major u.s. airlines reported profit since the pandemic started federal aid boosted company revenues in the 1st quarter meanwhile american airlines reported a smaller than expected quarterly loss over airlines issued positive summer forecasts. over asia now south korea is one of a number of countries making pledges to tackle climate change at a today's summit hosted by the us seoul now says that will stop financing coal power projects abroad but the biggest investor in coal china has yet to follow suit thing. south career is one of the biggest finances of copeland's in the world behind only china and japan it exposed to vietnam and as far away as argentina something for which it has long come under fire but this is all set to change.

we are rapidly increasing the used for nirpal energy such as solar and wind power we need to reduce the number of copeland's all over the world to achieve carbon neutrality. this is. south korea's move came after pressure from us climate envoy john kerry during his recent visit to such a power play by the us makes china uneasy. time and change response shouldn't be a chip fit to political struggle a target that is used to attack others or an excuse to stop this trade barriers. it said it wants the climate to help the u.s. and china build sound unstable relations for now climate activists will likely welcome south korea's move. but the country is relying on its investment will wonder what comes next. in spain millions

lost their jobs during the great recession in 20082009 jobs that have only gradually come back in recent years and of course came the krona shock in terms of economic activity is an even harder hit than the recession. spain story mediterranean coast are hopeful for stronger a comeback. oh on the costa del sol countless cranes are at work building houses and apartment complexes everywhere for developers it's a sight to behold. the construction sector at casa del sol in particular has seen a significant boost for more than 3 years. cove it hit the industry in the beginning but normality has returned. over the last 5 years real estate prices on the coast around mar bheja increased by 20 percent real estate agent marco serrano knows that's partly due to international demand then

came corona. wilmington currently i don't know of any property where prices have gone down but that also means that prices aren't rising that might not be surprising as beaches have been empty for months no tourists no buyers this complex was completed during the last crisis and stood empty for a long time and just as business picked up corona hit it ok that it was that it was what we have right now is uncertainty through coded we didn't know how customers would react but we have indications that people are buying again. the industry as a whole seems to share this optimism but for now it's wishful thinking spain's largest real estate appraiser tends an estimate after a period of stagnation prices will drop real estate has already gotten cheaper in madrid barcelona and also and i do see where the casa del sol lies and demand for

cement fell by 10 percent across spain another indicator of a weak market the reason. the fires have mainly effect of the start of new projects we were more conscious and 2021 watching the market and postponing many projects. that i saw the falling prices and falling construction activity maybe it's just a dip but it could also be the end of a boom if so thousands of jobs will once again be at risk. and finally the owners of the container ship ever given faced billions in compensation payouts and i wish that they had sent their crew to eastern france ahead of their voyage there on the training lakes and rivers of porterville sailors navigate miniature boats learn to navigate scaled down versions of tricky waterways like the suez canal that's where the ever given got stuck last month you might remember that.

skill seems a bit different there the actual after kevin that is it for me and the business team here as always you can find out more online dot com slash business i'm seeing bears like it's watching. after. 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 coming 19th. on t w. in the uk of climate change. is

a massive boost. to people. want to do years do they have their future. d.w. dot com for canada cities for the mechanisms could help ensure. $314000.00 new infections in a single day it's the worst coronavirus outbreak for any country. india's hospitals are close to collapse they're running out of medication and off suggestion. 2000 people died on wednesday alone. india had come off relatively lightly during the bad day make that the number of

infections has rocketed in recent weeks. why is the big question some doctors blame more infectious variants others point to loose restrictions and people letting down their guard after hearing about the vaccine or following a fairly unscathed brush with the 1st wave we'll talk to an expert in delhi in a moment 1st this report. many in india thought they had got the better of the pandemic but now the country is being overwhelmed by a devastating new way. no city is as badly hit as delhi. as cases explode hospitals that are at breaking point. some patients are forced to share a bet and there's an acute shortage of oxygen. this is the

chief minister says the system has reached its limits. the beds the covert 19 patients often ling up rapidly patients are being admitted to the hospitals very quickly intensive care beds are in short supply and less than 100 i.c.u. beds are available. or it is in delhi had already imposed a lockdown over the weekend ordering all but essential services to close local leaders hope the decision to step up the measures will help to mitigate the crisis some welcome the restrictions but others fear if they are not allowed to work the consequences could be drastic. it is essential that there's a lot down here because right now the virus is spreading a lot. the problem with a lot of town is

a daily wage and it's you get $100.00 to $300.00 rupees a day well we go how will we eat well we sleep is the government going to come and give us this daily wage. but now with one in 3 tests in delhi turning out positive the government say it must act to avert a greater disaster the fear is that the surge in cases is due to a new more infectious variant of the virus they're calling on people to be more disciplined about sticking to the rules. but critics are also asking why religious festivals and political rallies that's a fuelling cases as participants return to cities like delhi are still being allowed to go ahead. for tens of thousands of families such questions come too late. and if current trends persist then many more will find themselves in the same tragic situation.

is chair of the center of social medicine and community health at java neighborhood university just how tragic is the situation what have you been experiencing well in short the situation is extremely distressing but to go live for those who require bad or oxygen some order intensive care support. it is also very troubling given that the number of cases are continuing to rise and as the report just said that there's positivity rate is nearly 30 percent that that goes on to show that this trend is going to continue for some foreseeable weeks. the numbers are absolutely awful let's just take a little look at them out of one and a half 1000000000 people have been 15000000 cases and more than 265000 infections a day what's your explanation. well the most common explanation is one of negligence or complacency but that's not the entire

explanation because even in the 1st phase it's not that the preventive behavior is a preventive practices are absolutely top order there won't as very limited behavioral surveys and the fact is that this sort of is very limited has shown what is important is that the cases began to rise with coinciding with the import of the u.k. strain 1st 1st identified in the last week of december which significantly led to rise in the northern indian state of punjab as regular as i did because you know local homegrown variants the b 1617 as we now know rich rich later went on to become a double mutant as it's popularly known as the point is that these 2 have spread incredibly fast and have simply outstripped the end services what about some of

these political rallies and festivals turning into so-called super spread or events i mean what's to celebrate when so many people are dying. now the fact that the disaster management act the national disaster management act remains in force in the country belies explanations why even some of this scale of actually happening allowed by the admins and by the local administrations in fact several of the medical associations doctors bodies had written have already written to the election commission of india drawing attention to these rallies and it's only belatedly find me the election commission orders for down limiting it to 500 person study part congregation so here's the link here is it the government or is it the people the people who decide to go along to these rallies and events. both certainly because the disaster management act isn't force there's a very detailed standard operating procedure for various congregations whether you

whether it's a reading whether it's whether it's a cremation. how much how many seats for example can be occupied in a cinema hall on many seats can be filled up in a bus how many have to be emptied in a coffee and so on and so forth so there is not that of these details of these procedures much of what happened to lessons learned from the 1st wave and from so many other places that have had the 3rd or 4th waves this is only the 2nd wave and we're talking about the biggest rise in infections worldwide. well the experience both from this pandemic in other countries as well as other influenza pandemics is that the 2nd wave will most inevitably is very big and there's largely because young adults. get affected which is exactly the feature here. in the in the earlier phase in february in some of the districts of maharashtra the rest an

indian state including the financial capital of mumbai in some of these states that test positive the rate has been as high as 50 percent in fact 50 percent plus that goes on to show. that it is the variant spreading very fast and not though not necessarily afraid to go not necessarily more fit to but because they're not transmissible led to a bust of cases which completely outstripped medical services and therefore leading to some excess mortality. just briefly and finally can you offer indians watching our show today some some sort of hold well the the state and the courts have often taken a contrarian position of life versus livelihoods in the supreme court today also took so much of cognizance of that. the government will consider it as a national emergency and we hope that these emergency measures would be pretty put

in pretty fast state and central governments and local bodies back to the drawing boards but it could still take a couple of weeks perhaps to offer some sucker. desk to thank you very much for being on the show today joining us from delhi there thank you. time to head you go over to our very own derek williams he's got a viewer question on you guessed it maxi. is the 1st dose of a vaccine different from the 2nd one. the most all of the dozen or so vaccines now coming into arms around the world are given in 2 doses with the recommended interval between them depending on the vaccine between 2 and 12 weeks the ways the different back seems provoke an immune response very some are based on

messenger r.n.a. that causes your cells to make this ours movie to spike protein others snuggle the same genetic information into the body panicked and harmless out no viruses that act like taxis into your cells while some of the chinese vaccines employ a more traditional platform full version of the corona virus that's been activated in the early all of the 2 dose vaccines the 2 shots administered are identical though there is an exception to that rule the doses of the russian sputnik the vaccine are made with 2 different add in their viruses that cause colds although 'd both have been genetically engineered to carry the same sars kovi to spike protein genes the vaccine was designed that way to ensure that the booster shot so the 2nd

one would work even if recipients developed a strong immune response to the carrier virus in the 1st of those other trials based on the same principle which is called hetero legace prime boozed and there are also now going on with other vaccines some of those trials are combining different vaccines in different ways to see whether that might make the immune response to sars kovi to an even stronger or or more lasting. now here's something i would try to harm the french known for their protest culture and that hasn't stopped in the pandemic just take the longer a shops which have protested by sending the prime minister their panties in a t. independent under way of stores won't they have businesses classed as essential allowing them to stay open joining lockdowns on his say is most of the business

then 60 bed way well fitting for routes are essential for the likes of pregnant women for example they need a bit of extra support of course they hope an avalanche of protest panties will change the p.m.'s mind. thanks for watching stay safe and see you again sir.

to the point at issue in the canyon is a clear position on some international perspective. the replacing the american as germany's leader also some term brazil action they're also new chum didn't say conservative stalwart i mean last chance i'm the green party's young and inexperienced but much to the browns and elaine about bob so who would be joining a sponsor the point to the point. of the being the democrats on

t.w. . came in good shape. at the time the difference in genetic material is all it takes men and women to get significantly. gender medicine takes this distinction seriously as a man or woman want to know when it comes to health for better medical treatment and prevention. good shit. 90 minutes on d w. cutting through the noise. floor i come from people are known for being tough but fair new york and a lot of people tell it like it it is but they call it the concrete jungle the melting hottest city that never sleeps it's this energy that makes it feel like all

but amid the hustle it's important to listen and pay attention because it's not just the loudest voices who move to be heard we all have a story to tell i see it as my job as a journalist to go beyond the obvious now i'm basing your odds and my work takes me around the world but my instincts remain the same to tell the important stories behind the headlines what is the heart of the story why does it matter who the it impacts what causes a focus if you want to us 1st. to cut through the noise to get to the truth. by the sara kelly and i wanted to double.

this is data over the news lines from the travel bans on india k.k. and as the country caves toasting record numbers of cars at 19 cases india's health care system is reaching breaking point many hospitals are full and some regions are conducting mass combinations for those few times. coming out to rescue teams race to find an indonesian submarine that vanished with 50.