on china, there's still a lot to do. and just before we go, let's get a reminder of the top story. we're falling for you. at this hour, the united states has secured the release of basketball star, brittany greiner from russian custody, as part of a prisoner swap. the u. s. handed over russian arms dealer, victor boot in exchange. so that changes update us. our stay tuned for the business headlines with my colleague, rob, what's that is coming up next after a short break? ah ah, what secrets my behind these will discover new adventures in 360 degrees and explore fascinating world heritage sites with d. w. world heritage, 360,

get the app. now. i discovered stories that can change your mind just to click away, find out best documentaries on you to see the world with the full already subscribed. no. t d w documentary. mm hm. mm hm. oh, germany's biggest accounting scandal goes to court. y 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 pot, gridlock in the boss for us. it doesn't,

oil tankers are stuck waiting off the turkey coast at the you band european firms from ensuring them. this is 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 court 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 parker, is that the speaking that i offended by being the keenly steam in the former c e o to wire guard at all around, then she forgot to jeff and holly. i am either way ahead of counting would being the head of or call the attendance i worked together to meet y or as an exam exam. little thing, i didn't dusty why our car to us went in to fly is at least according to the product dimensions in. there were only losses who didn't fluctuate a little, much of a concept. 2000 approved and i didn't know friend was 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

doings and puts 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 ever finance or 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 former wire card c o. marcus 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, 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 of the company, would maintain that he knew of nothing. and that it was only he and mar, solich will orchestrated the fraud. here at the company, young marcella, of course, is still a fugitive. he has fled germany on a private jet bella ruse about a week before the company went belly up and he's 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 for next year. and a verdict did not expect to come in at least 2020 for hell to reporting that 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 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 own social media misleads young uses and fails to protect consumer information. a closely follows the governor of south dakota decision to ban the app on state firms devices of 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 other busy take talk is to be coming on increasing pressure in the state stuff and 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, 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 of 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 can expect more from other states and maybe even on a federal level. yeah,

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 tick tock could be bend completely here in the united states, at least that is the discussion that is on the table fight then. 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 them in the us market in the us 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 input on us user

games culture in new york for thank you. now of 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. while 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 its phosphorus and dodd mill straits and asked for additional guarantees from insurers. 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, 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 comment mcgary 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 them. instead they have been pulling fun out of the sea, bucketful after bucketful. among them is 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 water doing dive after dawn. good mill protective equipment and no oxygen tank. thanks dangerous work. on 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 used a 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

number is expected to grow by another 5 me an enormous growth need sand in the waters all around one by st. mining is prohibited but illegal. st. money is a craving business. what 1000000000 river's dull doesn't cost lines are being destroyed in the search of san and with them, the habitats of plants and animals, as well as natural flag barriers at the indian institute of technology bummed researches are looking for alternatives. materials for the construction industrial she arm also lick has been looking for a sam substitute for years. he and had the students have funding you 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 so they can move it very quickly

anywhere between 90 and 95 percent. my bill can be put in dollars several recycle and then can were 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 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, and with is the end of the pandemic in sight. we show what it could look like. return to normal. and we visit those who are finding it difficult

successes on you know, weekly coven, 19 special next on d, w. a sun is ukraine. and for a condition to for wanting a scratch. and i bought a new teacher. that was in a silent terror. in 45 minutes on d, w ah, hello guys, this is the 77 percent. the platform for africa is you to beat issues and share

ideas you know or the shuttle. we are not afraid to happen. delicate because population is growing. and young people clearly have the solution. the future belongs to you is 77 percent every weekend on dw. ah ah ah, at the height of the cove at 19 pandemic, many countries imposed tough restrictions to protect their populations from the potentially deadly disease. at times with little regard to the collateral economic and social fallout.