is really completely abnormal and we have to change it and work together in order to really and that's who education who understanding the other a because at the end of the day this is the only answer to 5 day right wing and extremism left wing anti semitism and, and you cation and you cation, have you cation, a full interview coming up in 15 minutes, but 1st route. what's what the latest on germany's biggest financial scandal article for him real. and for me, an entire team. thanks for watching. from the melting ice the reporter tracks down the arctics major players and with your unfolded those russian warships and alan,

guys and i don't have any guns. rover shadow starts december 23rd on d w. but she's got any issues with the water will grey. you will be with the germany biggest accounting scandal goes to court. why a card shook the german business world to it's called when it collapsed with a financial black hole in the billions. now it's bomb a, c o and to manage is a pair accused. playing part, gridlock in the bus for us over

a dozen oil tankers are stuck waiting off the turkish coast at the you band european firms from ensuring them. this is due to be a business on robots in berlin. welcome to the program. 1.9000000000 euros. the discovery of an enormous black hole in the wire card finances. so the german fintech term collapsing 2020 now a caught in munich will hear evidence about a scandal that shook the german establishment to it's core. the trial of 3 of the men allegedly and vote has begun. marcus brown and wire cards are almost anonymous. the company and its former c. e. o. have been in the headlines since his arrest in 2020 brown faces charges of financial fraud and market manipulation. he could be imprisoned up to 15 years if found guilty, and he's not alone. the,

i'm hard to reach to this, digging that i offended by being the q. mean least in in the former c e o to wire card dr gram than she for gone to jeff and holly. i am either way ahead of accounting. we're getting ahead of our call. the attendance i worked together to meet wired or as an exam exam level fe hub, i didn't dusty why our car to us went in to fly, at least according to the product dimensions. and there were only losses who didn't fluctuate within a certain amount of bonds. that's what i was approved and i didn't know fellows to for hunton. founded in 1999 wire card was doubted as a german unicorn by 2018. the online demons farm was one of the 30 most valuable companies on the frankfurt stock exchange. and then it suddenly crashed in 2020 wire card, announced it could no longer be its bills are fulfilled, financial obligations investors last $4000000000.00. former c o brown says he had

no idea of any wrong doings and puts the blame on former chief operation officer. yon marcella who german authorities see is in russia but our report of laws halter was at the opening of the trial in munich and he sent us this update. it is the largest ever finance for fraud case in germany. history and it is appropriately big a trial. a trial was so much popular interest that the proceedings had to actually start late because it took a while for all the people to file in one of them filing in here with the crowd. one of the 3 defendants, where's the other 2, including former wire card c o markers. brown came through the back door from the adjacent prison, where they have been held over the last year and a half. now all of the 1st day here in court in munich was used up by reading the indictment. it's almost a 100 pages long. it has a lot of numbers. it has

a lot of details on how wire card exactly was structured and how money was freely flowing back and forth between different subsidiaries. and there is so much of that that it would have to wonder how marcus brown, the main defendant, who has been c o, the company would maintain that he knew of nothing. and that it was only he marsalis who orchestrated the fraud here at the company. young marcella, of course, is still a fugitive. he has fled germany and a private just to ruth about a week before the company went belly up. and he is currently a hiding in russia and will obviously not be expedited for political reasons. in the current environment, it is going to be very interesting to follow this trial which will stretch over a 100 days into a way, nick way into next year. and a verdict is not expected. at least 2024 plus halter reporting then now to some of the other global business stories making the news. the u. s. is imposed sanctions

on a key ally of turkish president reggie type ad on washington accuses prominent businessman city i am and his network of companies of facilitating oil sales and money. leo, money laundering on behalf of iran's revolutionary god and tick tock is being sued by the attorney general of the us state of indiana. the complaint claims the chinese earned social media misleads young uses and fails to protect consumer information. closely follows the governor of south dakota, the decision to bind the app on state phones, devices or more on this cross to the states and to our financial correspondent, young quarter, who joined us in the new york stock exchange, which of his b, all the busy take talk is to be coming on the increasing pressure in the state stuff, i'd say no, definitely. i mean, there is

a lot going on in the case, self tick, tock, for instance, there is the claim that the epis not that the episode, some inappropriate content, especially to children. there's also the question of cyber old data security. so for example, the chinese government is capable of getting some user information about the location or the browsing history, and then on top of it. so some states here in the united states are also looking at their investment. so this is rivalry between the united states and china economically. and so some states are looking if it is appropriate to invest into china owned businesses. so there is a lot going on here. and one of the big targets at the moment is definitely take time to have this news from indiana and from south dakota, we get to expect more from other states and maybe even on a federal level. yeah,

well i mean there are already other states also coming up with similar bands. maryland for example, it's a one, but then drop. if you look at the broader picture, theoretically tick tock could be bend completely here in the united states, at least just the discussion that is on the table by 10. so that is the company that don't take dotcom already 2 years ago and moved to headquarters out of mainland china to a single port. so to sort of piece the us market in the us, them authorities. but theoretically, that is definitely on the table that picked up could be banned overall. and the reason why it's basically data security and that some service could be based in china and that the chinese government could get access to data and on us use their

culture in new york for thank you. now the traffic jam of oil tankers has built up in turkish waters following the european union's introduction of a $60.00 price cap on russian oil. well in 15 boats, securing waiting to cross to the mediterranean. according to a report, ankara has demanded new proof of insurance after the price kept on, russian oil came into effect on monday. turkey has reportedly refused to allow the tank as to pass through. it's both for us and dod mills straits and asked for additional guarantees from insurers that the transit are covered along this we've been speaking to cormac mcgary who is an associate director of the consultancy control risks in paris. we asked him how the price, cap and insurance issues were interlinked. well, fundamental to the teeth of, of the $60.00 price cut is the fact that maritime insurance is,

is pretty much grounded in the west. there are only 13 individual m, p and i clubs which is effectively maritime insurance. of those 1360 percent of them are in the u. k. and those and the rest are basically in norway, sweden, u. s. and japan common carrier that now over the next 25 years, india wants to invest $1.00 trillion dollars in infrastructure projects for its growing population in its expanding cities. that means no shortage of work for the sand miners of mom buy and even more damage to indian marine ecosystems. it's just before midday, when a small fishing boat approaches the shore near mom by but the men on board, on making a living from fishing as their fathers and grandfathers did they mustard. they have been pulling fun out of the sea,

bucketful after bucketful. among them was jerome channel. he can dive up to depths of 12 meters. when he started 20 years ago, he was just the person who hold the buckets on board. but then he started diving the spending of the firewall was in the world doing dive after dawn, mill protective equipment and no oxygen tank. it's dangerous work so well on the day i go into the water with the pipe in one hand and the bucket in the other. we hold the pipe with our legs and used a bucket to dig out. sam, i found nobody. i tell you this coastal region has a decades long tradition, not pulling sand out of the seat, but use them construction. the problem now is the scale. several 1000 people earn a living by mining the sea for sand. meanwhile, the demand for sound is growing as a raw material for the construction industry. since 1990 mom voice population has

more than double to almost 21000000 people. in 10 years. that number is expected to grow by another 5 and an mud growth need sand in the waters all around mum by sand mining is prohibited but illegal. sand money is a craving business. what 1000000000 rivers does, doesn't cost lines are being destroyed in the search of sun and with them the habit dots of plants and animals as well as natural flag. barriers at the indian institute of technology. bumping researches are looking for alternatives materials for the construction, industrial, sham or so lick has been looking for a sand substitute for years. he and has the student cut funding. he found one in decades old garbage just like sand locked. the solid waste can be used in a multitude of different ways on building sites for big skin very quickly anywhere

between 90 and 95 percent. my bill can be put in dollars several recycle and then can more dead. and if i wished into various other construction, my deal and substitute, which can go again back into the construction industry. it will take time until rest can replace san as of all motifs and pursuing on vice sun divers to give up their jobs will be no easy task. a diarist made a 1000 groupies around 12 euros a day, a bucket pool again, and 400 rupees. much needed income for several 1000 families. and the so from, and the business team until next time. ah, is the end of the pandemic in sight. we show what it could look like. return in the normal and we visit those who are finding it difficult

with successes on, you know, weekly copays 19 special. in 60 minutes on d w. o. in someone else to the t. v highlights selected for you new every week in your inbox, subscribe. now. what's making the headlights and what's behind them? dw news africa. the show that was the issues have been the continent. life is slowly getting back to normally on the streets to give you enough reports on the inside of our correspond. that is on the ground reporting from across the continent, all the trend stuff. the mazda u. d. w is africa every friday on dw. hey

guys, it's evelyn sharma. welcome to my podcast, love matter. but i and life celebrities influences and experts to talk about all playing loved effect from day to day. nothing less of all these things and more and then you know, season off the pot come, make sure to to and then wherever you get your podcast and join the conversation because you know it love matter with but who ha while come to r d w interview on post ambassador of the state of israel in germany. thank you mister ambassador. your father is pascal i was born here in berlin where we're sitting right now in the.