we do understand that, but nowadays the only places and guitar that people are allowed to drink alcoholic beverage is our luxury hotel. parking and cats are, is likely to be very different from previous world. cook. well, there's no beer over here, but we're still having a good time. so hopefully over in katara bay cab as well, that is all for us for this hour after a short break. it's dw business with christy plaza, so stay tuned for fat. we'll have more news for you thought the hour and if you can't wait till then you have you dot com is where you want to get everything else going on in the world. mycroft, thanks for watching. you sick? can't be destroyed. you can try, but it's impossible. with she performed for her life in auschwitz he was the

nazis favorite, condemned to musicians who lived beneath the banner of the swastika, a film about the sounds of power and inspiring story about survival. thanks to music. fetch the cello player. well i was the only one i'm super lucky. music under the swastika starts november 19th on d. w. ah ah, 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 touchscreen houses are trying to pull off an energy transition of their own. i'm christy plots, and welcome to

d. w. business. one of the world's biggest crypto currency che exchanges has filed for bankruptcy, f d. x was worth a $32000000000.00 just a few days ago. now the company claims it can't give customers their deposits back . after x's boss, sam bank, when 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 unraveled the way that with that they did well for more in this let's bring and 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 fallen finance, which was the lot world's largest crypto currency exchange was maybe going to save it this week, but now we're 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 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 a right traditional finance of 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 law makers, 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, se 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 or chaos after the take over of you on mosque and, and now we're hearing these reports right, that there could be a bankruptcy. now, advertising is definitely central to this highs the for many of the big tech firms . course, there's the $13000000000.00 that he and mosque 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 officer, 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, envision 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 while the e worn friday that the euros 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 workers. 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 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 our employers. there is deepening worker 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 force 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 contractions for the winds. the outlook for next year has weakened significantly. and we now forecast the u. economy to grove. i only point 3 percent in $23.00. the outlook is rather bleak and fall indicate us point to one direction. a weakening economy as rush us warn you, crane keeps energy prices high. why have a fun fact? few 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 economy. 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 d w. as bob available 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 us is 50 hector. yes. and on the 15th, as we grow 32 hectic sweets, peppers, and what we have as well is as long as you become real, you can see here as we grow them about 30000000 pieces a year. it's a complex and finally 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 water from the biomass bomb, for example, us each be the 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 it 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 sells 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 can not 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 loca, green waste, including the socks 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 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 this 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 come 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 facebook and have a nice weekend with to the point. strong opinions, clear positions, international perspectives. ukraine depends on us weapons as it wages counter offensive, now prompting russia to withdraw from the key city of her thought. will american support to continue if republicans wheeled more power in congress? find out on to the to the point to the point next on d w. crow from his young son was kidnapping,

but mr. lewis, still searching for him 10 years later on his journey through china when he has met with indifference and the authorities won't do anything. at the end of the road, i'll find you. oh no, dad's going to bring you home. the man who was looking for his son in 45 minutes on d w. ah, ah, hello guys. this is the 77 percent the platform with, you know, or this channel. we are not afraid to happen delicate this topic because population is growing fast. and young

people clearly have the solution. the future loans for the 77 percent every weekend on d. w with ukraine is vitally dependent on us weapons as it wages the counter offensive that now appears to be prompting russia to withdraw from the key provincial capital of how son will american support to continue. if republicans wield more power in congress or will they rally once again around america 1st.