in now germany, the nfl. next stop is mexico completing the leagues overseas tour in 2022. and his reminder that top story, we're following civilian to have welcome to ukrainian forces liberating the southern ukrainian city of here, san from brushing control gradient president zalinski, calling it historic did that's all for me up next d w. business news with christy plants and a crypto currency operator falling for bankruptcy. have a good weekend with we're all set to go beyond the obvious citizenship a meant we're all live as we take on the we're all about the stories that matter to you. whatever it takes,

policeman follow with w. fire made for mines fed up with the patchy i came up with my doing and depressing women and nation america right november 25th on d. done with the fall of a crypto king. as sam bagman free the steps down his crypto exchange, f t x has filed for bankruptcy. what happens next? we'll get the word from wall street. also on the show, look at how gas heated that's green houses are trying to pull off an energy mission

of their own. i'm christy flats and welcome to dw business. one of the world's biggest crypto currency change exchanges has filed for bankruptcy. f t. x was worth a $32000000000.00 just a few days ago. now the company claims it can't give customers their deposits back . after taxes boss that sam bank and fried, resigned on friday. he wasn't your usual crypto bro. he courted the confidence of big header investors like soft bank and paradigm who poured hundreds of millions into his company. seeing his reputation and tatters, s b f. as he's known said, i'm really sorry again that we ended up here. i was shocked to see things unravel the way that with that they did well for more in this, let's bring in teddy auster on wall street. hi there, teddy. so tell us how severe is the situation for f t x? what's gonna happen next?

well, christy, it does appear that the f t x empire has fall in finance, which was the lot world's largest crypto currency exchange was maybe going to save it this week, but now we are looking at the largest bankruptcy in the united states. this year, 32000000000 dollars, the x exchange that includes the trading group, alameda as well as a $130.00 other related companies. and this is sending shock waves through the crypt reverse, right? we are, we saw bitcoin drop today, and of course the investors in f d x are going to be severely burdened. we're talking about including right, traditional finance banks, hedge funds, as well as institutional investors. and because of the legal gray area that trading firms are in the crypto vers, we may not see those investors be made whole. okay, well teddy, we know that s b f sand bank and fried that he was sort of the golden boy of crypto . is this the end of the line for him?

yeah, well, he was considered right, an up and coming star, the next warren buffett. so considered a fall from grace for some but now his wealth, $16000000000.00 at its height now drop to 0. so it's a pretty serious drop. he's only 30 years old, right? considered a trail brit blazer, bringing a traditional finance and crypto together, including talking to our lawmakers, regulators trying to steer the regulation of the crypto industry, which has been considered a wild west. now we are looking at these, this bankruptcy his resignation, as well as the se, see, reportedly investigating him for potential misdeeds. so this might be the n. okay, while sticking with tech billionaires for a 2nd, eli mosque has told twitter, boys of the company might go bankrupt. how likely is that to happen just a few short days after has take over? yeah, this is the culmination right of

a couple weeks of chaos after the take over of elan mosse. and now we're hearing these reports right, that there could be a bankruptcy. now, advertising is definitely central to this potential bankruptcy. twitter relies on advertising and after laying off 3700 staff, there are questions around content moderation. a lot of big advertisers have pulled out as well as their being just a general global slowdown and advertising for many of the big tech firms. course. there's the $13000000000.00 that ian must put on a debt that the us he put on the company after raising that investment for the purchase of twitter. so there's a lot of financial strength, petty auster, thanks for that. have a nice weekend now to some of the other global business stories making this japanese tech investment giant soft bank posted a whopping net profit of more than 21000000000 dollars in the 2nd quarter. on

friday, the bank made big gains from selling shares in chinese e commerce giant ali baba, but ward of losses and vision fund, it's massive fund to invest in tech startups. china's stringent coven curbs and a sharply slowing economy, as hit the country's biggest online shopping festival, known as singles day one consultancy group has forecast, a 4.7 percent sales slide on the last day of the event where e commerce firms like ali baba and j d dot com hoc, everything from perfume to furniture or the ear warned friday that the euro's on a set to fall into a recession. this winter as brussels raised inflation forecasts 420-222-0231 the back of high energy prices. the crippling effects of the energy crisis caused by the war and ukraine continued to disrupt economies across europe, along with belgium and greece, protesters and france have taken to the streets to show their frustration with the growing cost of living crisis. over 30 parisians,

subway stations were closed due to the strike action by transportation work us thousands. when on the one day strike, demanding an increase in wages in the face of a cost of living crisis. that was, we want to weigh in on the debate to push for salary high except the public transport operator, an over all and france, given the inflation we need higher salaries, we've asked for it, but we're not being heard. neither by the government nor allah employ us. there is deepening work a discontent here. people out on the streets making themselves heard. they can't make ends meet. in october, french oil refinery workers went on strike over wages, causing massive disruption for businesses and commuters. the french government eventually intervened and forced them back to work. it's no different elsewhere in europe. strikes in belgium and greece paralyzed traffic. and this winter,

the continent is bracing for more inflation in the euro's own stance at almost 11 percent. and the economy is on the edge of recession, or the economy lost momentum in the 3rd quarter. and recent survey data points to way contraction for the wind. the elk look for next year has weakened significantly . and we now forecast the u. economy to grow away, only point 3 percent in $23.00. the outlook is rather bleak and all indicate us point to one direction. a weakening economy as rush us warn ukraine keeps energy prices high. why have a fun fact for you? more than 20 percent of the peppers and cucumbers grown in europe. come from dutch greenhouses. caulking it at 9000000000 euros worth of export value. they're a huge factor for the dutch academy. but with energy prices through the roof, gas,

heated green houses have become quite a problem. but it's one that a pilot project in the southeastern part of the netherlands is trying to solve the ws barber vessel reports. these are the green houses of peter mining in 4 years. his obsession has been to run them as environmentally friendly as possible. he specializes in sweet peppers and cucumbers and produces huge amounts of these vegetables and toto are our company, us is 50 hector. yes. on the 15th, as we grow $32.00 hectic earth sweets, peppers, and what we have as well is as long as we come over. you can see here as we grow them about 30000000 pieces a year. it's a complex and finely tuned operation in all aspects of growing feeding and harvesting the produce. and behind it is an elaborate system of energy production using as little energy from the grid as possible. like this is the transport system . but this is also the heating system that this is

a pipe. and we put in, for example, $55.00 degrees of water, the hot water from the biomass pond, for example, us each be combined heat power can go into the greenhouse. and during the night, the roof is shielded by retractable blinds, to keep in the heat, which again saves energy. peter is keen to explain the systems he built here, to keep his plant running. this is a 20 cylinder 3 megawatts electricity, and which is provided by the yellow tube is gas. and then the machine is running, making 3 megawatts electricity, and producing to cool down 3.3 megawatt to make. and that's the energy how we used to heat our greenhouses. so peter is using the residual heat from his electricity generation, which he then selves into the dutch grid. that works when he has

a surplus. but that's not always the case. the weak point here is record gas prices . so every day, at 2 o'clock in his office, he's watching the t t f. the dutch spot market for gas, although i have a green company. but now, i'm falling back to fossil gas again and feels that that's but you know, i have to survive. so i cannot influence the market. but if, if a nice position comes by, then a want to have it. that means hitting the buy button. when electricity is more expensive than gas, but his real pride and joy is his biomass plan, which recycled local greenways, including the stocks of his own vegetables. it's mainly chips from the area. and like this book is also coming from the area. it's collected. it's only what i so how does that work? yeah, the biomass comes from up, falls down on the grades, and then afterwards,

everything is cleaned. and on top with the heat, we make steam. with steam, we make electricity. to build the big system of energy generation, peter invested 30000000 euros is some only larger companies can afford. it's hard at the, at the moment to survive. even if you use these techniques. the increase of costs is so high. i hope all my colleagues can survive that peter himself all was his fir, the plans when i see something and i think about it. and if it's a solution, then i try to continue this and improve my company. this greenhouse owner is also his own head engineer, energy manager, and environmental expert. and before we go, i have just enough time to tell you about this weeks you to business special. it's all about how poor nations are calling on the world's biggest polluters to cough up and pay climate. reparations just had to youtube dot com slash dw news to watch if

i speak to pretty bundari from the world resources institute. and louise osborne from d. w. environment, we talk about the ongoing comp, 27 climate conference and the chances for big nations to make a meaningful cash commitment to prevent climate change. and to help poor nations that youtube dot com slash d w at news. and that's all from me in the business team here in berlin, you can find more, a d, w dot com, also on youtube and facebook and have a nice weekend with what's making the headlines and what's behind them. dw news africa, the show that faculty issues shaping the continent. life is slowly getting back to normally on the street to give you enough reports on the inside. our

correspondence is on the ground reporting from across the continent, all the trend stuff, the mazda to you. next on d, w e co, india, 8 golf, which photo in delhi scouts hums for legally, dispos demolition ways. it contains valuable materials but much of it gets dumped in the natural environment with becoming a gigantic environmental problem. rewards and waste scouts are intended to motivate people to recycle e q. 60 minutes on d w lou ah, use it. can't be destroyed what you can try, but it's impossible. ah, she performed for her life and ow!

schmidt's was the nazis visit. to musicians lived beneath the banner of the swastika, a fool about the power and the story about survival. music under the swastika starts november 19th on d w this is d, w needs africa coming up on the show. when will the 1st african travel into outer space, south africa takes a giant leap forward in the space race breaking the ground for a joint venture with nasa. part of the optimist program aimed to put a woman of color on the moon by 2025.