so want to call, sees or walk as in call. i got to lawrence because it be the case though the ruling cannot restore those who will last. there is hope it can bring at least some justice for the victims and their families. all right, you've been watching the w news and don't forget you can always get more d w news on the go. just download our app from google play or from the apple app store that will give you access to all the latest news from around the world, as well as access to push notifications for any breaking news. interrupt the data, but to stay tuned. we have the business business with christy plants and up next. they're talking to berlin. thanks for watching the cup. guitar. exciting sporting terms, the own traversal nickel tour with their for youth with ports and background information. everything about the 2022 world cup starts november

20th on d, w. hello guys. this is the 77 percent. the platform with issues and share ideas. you know, all these channels, we are not afraid to dedicate talking. young people clearly have the solution. the future loans to the 77 percent every weekend and d, w. mm. mm ah, a new budget for britain. and it looks like it means higher taxes for millions of people and for energy producers will get the details from our london correspondence . also coming up the collapse of major crypto exchanges. spooks markets,

we hit blue here from one crypto executive who says the industry would welcome more oversight. welcome back to another d w business. i'm christy plats, and in berlin. millions of people across britain now face higher taxes and energy bills after the government announced an emergency budget that's meant to tackle inflation and restore credibility on markets. finance minister jeremy hunt said the $55000000000.00 pound package of tax hikes and spending cuts will show britain is committed to paying its bills. the budget also calls for a windfall tax on energy companies. this comes just weeks after his predecessors spark market market panic by calling for tax cuts without saying how they would be paid for. well for more now we cross to dw as correspondent in london, big mos bigot. how much will this budget help ease fears about the british economy being in major trouble? well, the fact is that the u. k. economy is really not in fantastic shape worse than other

g 7 nation. so when the chance less announcing that it's all about stability and growth, for a lot of people, it will be clear that this is more, a long, medium to have plan and nothing that for them what happened in the near future. now it was the budget that caused the last prime minister to leave office. what's different this time around? well the new government out wanted t at she one big objective and that was not to cause ta mile in the financial market. so just to be boring enough not to see, for example, the pound crash and that's their one big old there to have this out to restore basically their credibility because the last budget and that was only a few weeks ago really brought that could their financial mark his board, a huge on ta mile and it, it brought down the whole government. so by that measure of that has been

a success we haven't seen, for example, the parents darling humble. now what we haven't seen is would some people would have hoped on more detail on, for example, a green transition bought by, by their own measure to you to one, to restore credibility. yeah, i think it was boring enough to achieve that. certainly. well, i mean, you said that this budget is really going to be more of a medium long term. i sort of results, but will it ultimately ease the cost of living crisis for ordinary britons? the cost of living crisis is very real in the u. k. and we have seen the feed banks who have seen there that people queueing on just of just many, many more people having resorting to, to the help of food, things people were a while in work. and that's really new. so the most vulnerable in society, they will be protected by this budget to a certain extent pension, as for example, and also those on benefits. but people are low income and that could be nurses,

for example. they will see because of the rising inflation, they will see their wages continuing, their real income continuing to be squeezed. so no, i think the cost of living crisis will continue to be a problem for many ordinary britons for, for a while to come. while we're certainly check back with you back with you on that in the future that was big at mass and london. thank you. well equipped, the current, the industry is bracing for further fall out from the bankruptcy of crypto exchange, f t x. block fi. and genesis to firms with exposure to f t x or it's trading firm automator research have suspended customer withdrawals. f t x new ceo said there had been flawed, regular regulatory oversight, and a lack of corporate control of the exchange. well the scale of the fall out from the f t x collapse continues to reveal itself for a look from inside the industry. i'm joined now by alisha hops. she's the chief

financial officer of coin based one of the world's largest crypto standards. lisa, thank you for joining me. coin base has been relatively unscathed by this so far. how has the f d x crisis exposed poor practices and risk management within the crypto space in general though? well, there's no question that affects success or risk management practices for f t x. so today's bankruptcy filing there was a quote from the new ceo of f t x. that in his 40 years of experience, compared to craig, he had seen a worse control environment. so i think that this is an important lesson for the industry on the criticality of risk management. and mrs. taken a fundamentally different approach to then these unregulated offshore exchanges. from the beginning, we placed an emphasis on responsibility on being the most trusted on investing in risk management and controls. and we're really proud of where that positioned us to be able to navigate the storm. as a publicly traded company,

we place also additional emphasis on transparency and security. customer funds are not sent anywhere. unlike financial decisions, we do not lend out customer funds. they're kept 100 percent safe in native units for the security of our customers. so well as it's not isolated case, even in traditional asset management, we have seen defaults occur from time to time, which can be traced to poor risk management. so we really advise investors and participants of the ecosystem to take a closer look at who they're interacting with and what investments they're making. well, as you just said, coin base has really sort of been a leader in terms of creating trust in the crypto space. but we'll, if we look at what this collapse has done for crypto in general, how do you think trust, encrypt currency can be improved overall? it's an important question. so, wendy has been leaning into regulatory clarity simply are founded. and i do think

regulation is a critical part of building trust with centralized intermediaries that are serving a fiduciary that are holding customer assets in any form, whether that's v odd or crypto. and so i think that this will be heightened expectations to derive regulatory clarity for global consumers. and we're really looking forward to that outcome. i also think that this is a moment for crypto to pull together and really innovate on more cryptographic proof as well. and that is something that we look forward to be leading, voice and well hopping off of this regulation point. what would a well regulated crippled crypt, currency market look like in your eyes? so i think that we can look to the us, what was passed with mika is a really currently the gold standard of global crypto regulation. so it's purpose built for digital assets. it provides clarity of the rules. it provides transparency and what disclosures are required so that you can feel competent and

transacting in this space. so i think that we have a lot to look forward to with global regulators really look to what has done and i hope that other countries will follow suit. that was coin bay cfo alicia has. thank you so much for your insights. thank you. now to some of the other global business stories making news, china's alibaba lost nearly $3000000000.00 in the 3rd quarter. the company has reported the e commerce giant has been grappling with an economic slowdown and an, and an anti monopoly crackdown. pardon me, ali baba's performance is widely seen as a gauge of sentiment in the chinese consumer sector, which is struggling as as growth in the world. second largest economy, sputters german industrial giant, siemens doubled its net income in the 4th quarter, according to company reports ending its fiscal year with 4400000000 euros and profit. strong growth in order in order has helped the company raise its profit outlook for the current fiscal year. shares and the company jumped more than 7

percent at the beginning of trading. while workers at more than 100, starbucks stores in the u. s. have gone on strike, they say they're seeking better pay more consistent schedules and more staff for busy stores, stores and $25.00 states plan to take part organizers said it's their largest labor action since a campaign to unionize. starbucks began late last year, and it comes on red cup day one of the companies busiest days of the year, where customers get a free re usable coffee cup. well, for me on that, let's go to petty officer in new york. teddy, no pumpkin spice latte for you today. what are these strikes about and why today? well, it is, as you said, the busiest day of the year for starbucks, but it also happens to be one of the most stressful days of the year. use me, i'm on camera. it is also one of the most stressful days of the year,

given that the working conditions, what the influx of customers. well, it's very, very tough according to starbucks workers. and that is why we are seeing the red cup rebellion. this is over a $110.00 starbucks, darker starbucks stores around the country are on strike. and it is not only because of these conditions, but also because the starbucks workers union, which has unionized over $260.00 stores around the country, really leading the uptick and labor activity around the united states. they say that starbucks is not coming to the table to bargain fairly. they say that they will not let starbucks workers see, sit in on those talks over zoom. right. looks like your buddy. there hadn't had a coffee yet today. so do you think starbucks is going to concede to these workers demand well, it's hard to say the workers certainly hope so, and they're clearly being strategic, right? they're hitting them where the money is on one of the busiest days,

but it should be known right at starbuck. multi $1000000000.00 company has spent a ton of money trying to crack down on the union. the n l r b, the national labor relations board has even charged the company with breaking the law, saying that they're firing union activists, which is against the law, but also a number of other actions, right, that they call union busting, closing stores that have unionized as well, as flooding stores, the supervisors, perhaps trying to intimidate workers into not voting for the union. now this is certainly we're seeing the workers try to punch above their way, and this will be attacked of their fortitude and of their worker power petty auster, new york. thanks so much for that. on moving from red cops to red wine, it's a big day for one of europe's most storied winds. this year's beaujolais, new vo officially goes on sale to day. the french read famously ferments for just a few weeks before being rushed on shelves. on the 3rd thursday in november,

this years harvest was one of the earliest on record due to an especially hot summer. wind growers across europe are tried to adapt to warmer dry, growing periods. and wine, a kind of sorts, say the different shows in the taste that's all from us. thanks so much for watching. we'll see you tomorrow with is the end of the pandemic in site. we show what it could look like will return to normal. and we visit those who are finding it difficult with successes are seen in a weekly coven 19 special. next on d. w. o. rare natural spectacle. in an improved world.

the mass movies have returned to the coast of the remote island of st. a. one of the many success stories from the bastion of biodiversity. ah, in 45 minutes on d, w. ah, with in many countries, education is still a privilege. tardy is one of the main causes, some young children walk in mind troughs. instead of going to class others can attend classes only after they finish working with millions of children, all over the world can't go to school. we

ask why? because education makes the world more just make up your own mind. oh d, w. made for mines ah, soaring inflation and rising fear. prices have worsened the global economy. already devastated by the covet pandemic. the challenging situation has inspired many people to come together and help each other cooking and eating.