that aren't so bad and he has a reminder of the top story we're falling for you today. argentina is enjoying a national holiday to celebrate its football world cub. when leonor messy and his teammates have abandoned a victory parade through one desire as in favor of a helicopter flying over hundreds of thousands of fans packed the city center blocking the team bus. you're wanting to, we knew state you now or the business is with daniel winter with secrets lie behind. these will discover new adventures in 360 degrees and explore fascinating world heritage sites with

d. w. world heritage is 3. 60. get out. now imagine how many portion of lunch us her out in the world right now. climate change very close to story. this is my plan, the way from just one week. how much was going to really get we still have time to go. i'm going all with his subscriber all morning. was like a ah, coughing up the cash once again at wells fargo is find over 3 and a half $1000000000.00. it follows a similar payout in october. where exactly did the bank go so wrong? will get the view from wall street also coming up modular building has come in and

out of fashion over the decades because it's time have to come to produce cheaper housing faster. we'll take a look at that time again, d, w a business, welcome. you as regulators have ordered banking colossus, wells fargo to pay $3700000000.00 in fines and customer refunds. it's the largest fine. the consumer finance regulator has ever slapped on a bank. cross fargo has spent years dealing with a series of scandals tied to its sales practices. executives have repeatedly said the bank was cleaning up at the fact, but the fines have kept coming. you better to talk about this forest than yann's quarter on the new york stock exchange. yes, the settlement covers a lot of different allegations. so what was wells fargo accused of? yet in yolanda wells fargo by assets is to force a largest m u. s. bank and the allegations are pretty,

a rough. so according to the consumer financial protection bureau, consumers were illegally assessed fees and interest charges on auto and mortgage loans hit their cars wrongly repossessed that had payments to order and mortgage loan sir misapplied by the bank. so some of that misconduct happened years ago, but some, as recently as this year, and so now you have a $1700000000.00 a penalty that is the largest and ever a given a from the see if a p b. and then on top of it, so clients, customers, we're talking about $60000000.00 people and who got and hurt enable a get about to, to a $1000000000.00 in a payment, said back. so that's aware, this is said to lend assistance at this point because our litany of allegations to have in the bank was find $2000000000.00 in a separate case in october has well said how it's going to clean up its act.

well, i mean at least when we're talking about this current term act term, wells fargo has already as started said to a repay sort of customers. so most of this a, to a $1000000000.00 to find comes on top of it. but as the head of the c, f a p b, a actually a put said wells fargo is a rinse, repeat cycle of violating the law has harmed millions of american families. i mean, just in 2016 there was a huge, a scandal, a with a fake account with a wells fargo. so what has happened is spent in 2019 and you see old came in and he might do a bit better than am his predecessor. so a lot has to be at the head been done. it may be a one final words to the some agency, the consumer financial protection, a bureau, it's a rather young agency. it started under barack obama, didn't really achieve that much. and then it got a lot of the criticism under

a former president of donald trump, and now they also have an u. m head at this an agency. and we will see of if he gets this agency rolling this case we were talking right now. the settlement, as you mentioned, is the biggest of by far yet for this agency was from wells fargo say that they cleaned up their act. we'll just have to wait and see against caught on the new york stock exchange. thank you very much. i'm going to stay in the u. s. e. long mosque is actively searching for a new twitter c e o. that's according to american broadcaster cnbc at after twitter uses voted on monday in favor of ellen musk stepping down. the controversial new owner of twitter had started the poll himself saying he would abide by the result. musk has come under criticism for suspending journalists from the social media site, changing its verification process and firing thousands of its employees will. earlier we spoke to internet policy, be such constantino's committees. we asked him if there's an upside to this chaos,

considering the billionaire currently helms to other successful companies, tesla and space ex. one thing that, that we really needs to be very conscious about is the fact that twitter is not tesla and it's not space x. and what i mean by that is that, you know, both companies where he was succeeded are purely engineering companies. and obviously he's very keen at engineering, and he has a vision that housed and how to do that. and also he set them up from scratch when it comes to twitter. he came already into a comp me that was already founded and it had a lot of problems. and he much more complex than a pure engineering company because it has issues of content, moderation, and speech. and it's a global company that operates in different restrictions. and as we know, even the united states and europe, which are 2 democracies that are very close, had a very have a very different interpretation on free speech. so you can only imagine what's

happening in other places and looking elsewhere. now argentina's celebrations of its world cup when have given the country pause from its worries over its economic issues. but for some there's no ignoring the hardship. farmers in the country are facing harmful effects of climate change, including severe drought. the inter american development bank is lending the country half a 1000000000 euros to help reduce the impact the money is desperately needed. this is normally a fertile area. but years of drought have left terrible scars on no auto 100 kilometers west of argentina's capital born osiris. lake so dried up animals have died. farmers like ignacio boston. cheery say they are desperate with a name or code on the if you see a the, an experiencing a water shortage for the last 2 years. and this year we haven't even reached 50

percent of the average for the area where we are now. i meant that, but i'll a party to that. how i now, as the crops no longer have a reserve of humidity in the underground profile, that they are suffering much more with the drought which on my left ear. his wheat crop is not even half the amount that it's supposed to be at this time of the year . because he didn't have enough water. the prospects for corn are not too bright eater is not possible to plant in some areas. the ground is simply to dry argentina, agricultural economists expect consequences for the whole industry very, very badly. but with this harvest of soy and corn, we had to prepare ourselves for the worst scenario we have seen in the last 20 years. and that is what we are see, we are in a situation where things are looking very complex and a government level and argentina is one of towards the biggest exporters of so young court. this year's likely poor harvest will therefore be a global problem. now to some of the other global business stories making news,

people in oil rich venezuela, queuing up perpetual stations, which have run dry waiting for new supplies, production stoppages, refineries of the state, oil company of course, fuel to run out in several states. venezuela has had repeated fuel crises in the last few years to to crumbling refinery infrastructure. amazon has agreed to make major changes to its business practices in the european union that according to regulators in that you, you, online shopping and tech giant has accepted legally binding commitments and include changes to its prime program. and by box scheme commitments offered by a germany in france formally asked b u. s. to open up its new green production skin to include e, you firms, the inflation reduction act sets aside $370000000000.00 and subsidies, but only for companies manufacturing in the u. s. or countries with the u. s. for trade deal. the u worries that will distort trade. the price of housing is

shooting up in cities in developed nations across the world. the solutions build more and build cheaper well time for the revival of a technique that's been tried in the past, modular building. build a say it's faster and more affordable. could it be the foundation of a new wave of cheaper housing? or is it just another brick in the wall? a simple box made of steel and concrete. soon to be home to a student in berlin. it is one of $500.00 such boxes said to be part of a new building on a university campus. the builders are making swift progress because they aren't building brick by brick. but apartment by apartment, each module waste 30 tons. they are delivered here from bavaria straight from the producer, a real estate developer that specializes in modular construction. our thought own

i'm, it's increasingly challenging to put up more housing. and our modular way of construction is obviously one way to build fast. this is a huge opportunity for us nationwide, modular building has really improved in recent years. the quality is better. so it's interesting for all different sorts of developments. construction workers prepare the mortar board where a new module will be placed within a few minutes. the building has another room and it's immediately accessible, hidden within the walls, cables and pipes for water and heat. it was built in off site at the factory, and chest needs to be connected. also there's a bathroom and some of the furniture is pre built to bed wardrobe and desk. that's good news for those living near the construction site. man can reason plesco i am. we can work without much of the noise. we don't have to do most of the drilling and

cutting the walls any more that's all been done before. of, of, and a half of the lation of group in bavaria makes them modules concrete is poured into the mold. it hardens within a few hours. and it's then pulled out. the company has invested in the technology since 2016 since then. public housing authorities can't seem to get enough of it. i miss tom, these aforesaid rules, the traditional and this pre building technology has boomed whenever there was a major housing shortage. we've seen this before, right after the war for example. and then after german reunification, when housing was needed in the east and now we're seeing it again as the government pushes for more housing to be built when born was back in berlin. the student dorm is finished with $453.00 rooms. students will move in soon, just a year after construction began and the 4 i had home, it's time for reminder the top business stories were following for you is our

u. s. regulators avoided bank in colossus. wells fargo to pay $3700000000.00 in fines and customer refunds. it's the largest find the consumer finance regulator has ever slapped on a bank. and he loan mosque is actively searching for a new twitter c e o. that's according to the american broadcaster, cnbc, twitter users voted in favor of mosque stepping down. a controversial owner of the twitter had started the pole himself not st. you're up to date with d w business. thank you very much for watching from us here in berlin. and hope to see you again soon ah. from public favorites as a feed breeding success was a moral dilemma, will do. what should happen to the animal? when space will species appropriate husbandry is becoming increasingly scarce. and

taboo, subjects wise, zeus sometimes kill kluso. next on d, w, the 77 has sent this, so we'll be focusing on parents and the unique set of challenges that young people are friends as laid sigh and raise the next to the lease in including a high maternal mortality rate in some african countries. and the burden of stereotypes, mothers deal with the 77 percent. and 60 mass dw. ah. they breeze, ah,

they have body and soul houses that dang, leaders can't construct far more than just buildings. he is the son of jewish holocaust survivors. how walking that i was able to build to just really berlin. his architecture is a celebration of democracy and an architect of emotions. daniel starts december 25th on d. w. in february 2014, copenhagen soon decided it could no longer accommodate registry. number 44345, marius. his jeans were too similar to those of other mill.