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tv   Business - News  Deutsche Welle  December 9, 2022 12:15am-12:31am CET

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of basketball star, britney greiner from russian custody as part of a prisoner swap. the u. s. handed over russian arms dealer, victor boot in exchange, attorneys update at this hour, coming up. next. it is the business headlines with robin watts. and the latest on germany's biggest financial fraud scandal, stay tuned for that or check out our website at dw dot com. thanks for watching. ah ah, every journey is full of surprises. we've gone all out. you've used them with. i'm in your northern most count,
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the police ah 3 times a lot. but still very much alive. d. w, travel, you'll go to the central southern germany. it recognizes where exactly. it was fun and i learned a lot. our culture history. all their d. w. travel extremely worth a visit. ah, germany's 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 of playing gridlock in the boss for us over
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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 saw 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 involved 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
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hungary, to this digging that i have a federal and i be in the queue, english them in the former c e o to wire guard at all around then she for gone to jeff and holly. i am either way ahead of counting. we're getting ahead of or call the attendance i worked together to meet y or as an exam exam love and 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 in fluctuating. there's not much of a bonds had 2000 approved and i didn't know fellows to for hunton, founded in 1999. why our 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 or fulfill financial obligations. investors last $4000000000.00. former c o brown says he had no idea of any wrong
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doings and put the blame on former chief operation officer. yon merced selleck, who german authorities say is in russia for law report to laws halter was after the opening of the trial in munich. and he sent us this effect. it is the largest m, a financial fraud case in germany, history, and it is appropriately big a trial trial was so much popular interest that the proceedings have 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 form r, y a 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 have, has
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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 of the company, would maintain that he knew of nothing. and that it was only he and mar solich who orchestrated the fraud here at the company. young marcella, of course, is still a fugitive. he has fled germany on a private jet 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 wayne's next year, and a verdict is not expected. probably at least 2024. how to reporting that now to some of the other global business stories making the news. the u. s. is imposed
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sanctions on a key ally of turkish president reggie type ad on washington accuse is prominent businessman, city, iron, and his network of companies, a facilitating oil sales and money. leon, money laundering on behalf of iran's revolutionary god and take talk 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. a closely follows the governor of south dakota, the decision to bind the app on state phones, devices of more on this cross to the states and to our financial correspondent, young quarter, who joins us in the new york stock exchange, which has to be of the busy tick tock is to be coming on the increasing pressure in the states stuff, i'd say no,
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definitely. i mean there is a lot going on in the case of the tick tock for instance. there is the claim that the epis not that the episode, inappropriate content, especially to children. and there's also the question of cyber old data security. so if, for example, the chinese government is capable of getting some user information about the location of the browsing history and then on top of it. so some states here in the united states are also looking at their investments. so this is rivalry between the united states and china economically, and so some states are looking and 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 picked up to have this news from indiana and from south dakota, we can expect more from other states and maybe even on a federal level. yeah,
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well i mean they're 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 take talk could be bend completely here in the united states, at least just a discussion that is on the table bite. then. so that is the company that don't take dr already 2 years ago and moved to headquarters out of mainland china to a single port. so to thought of them in the us market in the us authorities, but the radically that is definitely on the table that picked up could be bent overall. and the reason why it's basically data security and that some service actually could be based in china and that the chinese government could get access to data and input on us user. okay. and go to new york for thank you. now of
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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 mill, straits and asked for additional guarantees from insurers that the transit are covered along this we've been speaking to cormac mcgary who's an associate director of the consultancy control risks in paris. we asked him how the price gap and insurance issues were interlinked. well, fundamental to the teeth of, of the $60.00 price cut is the fact that maritime insurance is,
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is pretty much grounded in the west. there are only 13 individual and piano 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 comment, gary 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 show me a mom by but the men on board, on making a living from fishing as their fathers and grandfathers did them. instead they have been pulling sand out of the sea bucket full after bucketful. among them as jerome
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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 water doing dive after dawn with no protective equipment and no oxygen tank. thanks dangerous work. so i'm the day i go into the water with the pipe in one hand and the bucket indiana. we hold the pipe with our legs and use the bucket to dig out. sam, i thought nobody, i tell you this coastal region has a decades long tradition, not pulling sand out of the sea, but use them construction. the problem now is the scale. several 1000 people aren't living in by mining the sea for san. meanwhile, the demand for san is growing as a raw material for the construction industry. since 1990 mom, vice population has more than doubled to almost 21000000 people in 10 years. that
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number is expected to grow by another 5 and an remote growth needs to send in the waters all an unmanned by send mining is prohibited but illegal send money is a craving business. what billions rivers doesn't cost lines are being destroyed in the search of sun and good them. the habitats of plants and animals, as well as natural slug. banners. at the indian institute of technology bummed researches are looking for alternative materials for the construction, industrial sham. also. nick has been looking for a sam substitute for years he and had the students have funded you found one in decades old garbage dr. just like sound loss. the solid waste can be used in a multitude of different ways on building sites, so this can be built very quickly anywhere between 90 and 95 percent. my bill can
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be put in dollars several recycle and then can we're dead and refurbished into various other construction model and substitute which can go again back into the construction industry. it will take time on the rest, can replace sanders of all materials and pursuing on vice sand divers to give up their jobs will be no easy task. a direst made a 1000 rupees around 12 euros a day. a bucket bull again and 400 rupees, much needed income for several 1000 families. and the so for the business team until next time, ah, conflict zone refresh banner g belittles has to fulton russia since the start of the war in ukraine. but he's the support to be sent to escalate into something more active from that could be on shortcut these youth political advisor to bella lucian,
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opposition meta threat lamasta's. he kind of caught up. she claims to be the national leader of bella luce, but how naj intimate is her claim and conflict with d. w. to the point. strong opinions, clear positions, international perspectives. as temperatures plunge, the war in ukraine is entering a new and brutal phase. brush is attacks on critical infrastructure amount to weapon ising winter can one side gain advantage as conditions worse and find out on to the point. to the point with on d w, he's been oh, she's up to date. don't miss our highlights. the d w program online
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d w dot com highlights making that he'd like to stand what's behind them. d, w, news africa. they show that one of the issues have been the continent. life is slowly getting back to normal. yeah. well, the streets to give you in the report on the inside of our cars, funds is on the ground reporting from across the continent and all the trend stuff . the mazda u. t. w is africa every friday on d. w. belittles has supported russia since the start of the war in ukraine. it's provided weapons, military bases, and logistical support. but is that support set to escalate into something more active in the literature cited? there is a consensus that we don't support this war. the billing sharma should not participate .

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