the nfl and allow they wanted to be a part of their new, their exp, sporting experience among the international nfl game, scheduled this season 3 had been played in london already. and now germany, the nfl. next stop is mexico completing the leagues overseas tour in 2022. that's the big picture for me up next. it's dw business with christy plats and, and a crypto currency operator filing for bankruptcy. satan, for that more i d, w dot com and more at the top of the hour, send people in trucks injured when trying to flee the city center. more and more refugees are being turned away. families, please see the reason for the credit on it is we load it administrative people lean,

extreme accounting, 200 people from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, the fall of a crypto king. as sam begged and free to 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 dutch greenhouses are trying to pull off an energy transition of their own. i'm christy plants 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 been freed. 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 the that they did well for more in this, let's bring in teddy austro 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 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 his 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 here in 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. hattie auster, thanks for that. have a nice weekend now to some of the other global business stories making his japanese tech investment giant. soc, bank posted a whopping net profit of more than $21000000000.00 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 went 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 accept the public transport operator, and 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 economic lost momentum in the 3rd quarter. and recent survey data points to weigh contraction for the width. 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 you, crane 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 thought, oh our company is, 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 degrees of water, the water from the biomass bomb for example, or to see be the combined heat power can go into the greenhouse. and during the night, the roof 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 bad. that's but, you know, i have to survive. so i cannot influence the market. but if, if a nice position comes by, then i want to have it. that means hitting the buy button when electricity is more expensive than gas. but his real pride enjoy 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 products. 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 and 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's at 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 d, w dot com, also on youtube and face partners have a nice weekend with west making the headlights 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 time stuff, the mazda to you. next on d w. how do you tenant pool to mentioned? you come into the 21st century with dublin, we want to show it to the i div electric spacious and iconic in design in our ref. check the long awaited id buzz from the w reb with in 60 minutes on d. w. ah ah ah, a rear naturally spectacle and an improved with

meeting of the lu. we'll sure to remove. i went with a testament to the one with one of them, and he success stories from a bastion of biodiversity. say don't memory p w b, this is d, w, news 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.