heaving with recent tradition, children sang out a winning numbers from a stage in madrid. me, i said, then i beg me. oh, why plumbing said than pm are wanting to know a new business is up. next with my colleague, daniel, went to remember there is much more news for you on our web site that is always d, w dot com, and you can certainly find us on social media. we're on twitter and instagram under the handle is article probably thank you so much for being with up to date. don't miss our highlights. the d w program online. d, w dot com highlight blue, i think everything chattanoog fair. some are big,

almost so much different culture between here and there. so challenging for everything ah, to some is this. i think it was worth it for me to come to germany shop my got my license to work as a swimming instructor on dish and our 2 children who don't describe what's your story? take part, share it on info, migrant. vitamin freed appears for his 1st hearing and a new york court following his expedition to the united states. he stands accused of ripping off billions from his crypto customers will get the word from wall street. also coming up chillies betting big on being the future of green fuels. we take a look at a major new project and a group of gamers is suing to stop microsoft snapping up the giant game developer activision in the $70000000000.00 deal. could they succeed? we'll get the extra since that time again dw business. welcome disgraced f t

x founder, sand bank and fried has been fried on $250000000.00. bail that after a u. s. judge allowing his release as he awaits trial on criminal fraud charges. franklin fried here in a federal court room in new york up to being extradited to the united states. from the bahamas, prosecutors accuse him of stealing billions of dollars in f. t. x customer funds in order to plug losses at his hedge fund. attorneys for the government also say to of bank them fried as closest associates of pled guilty and a cooperating with their investigation. he stepped down as c e o last month, same day f t x filed for bankruptcy. and let's get more on this now from new york, our correspondent is called to is standing by their force. yes. how bad is it looking for s b f off to this initial hearing today? well, i mean,

it is not looking great then also to office associates pleaded guilty. i'm going to help a prosecutors to get a tighter case against the bank. men afraid it will be tough. we will probably have the next court meeting early january, when esse be considered to plead guilty. there are 8 account of charges against him. and if he found guilty on all of them, he could face up $200.00. 15 years in prison. it's all the so it's on so to speak. now when it comes to this, you would say crypto scandal. so for the crypto industry, this could be the trial of the century. so what does this mean for industry watches? what are they say? well then let daniel we've already seen certain chain reaction. so some smaller crypto places. tetra file for bankruptcy protection. we had the stocks most other

big crypto. it changes coming under quite some pressure. i mean, what we've learned so far is that obviously we're not so tight regulation things can happen. so we eventually, we'll probably see a tighter regulation. but maybe one positive from this whole scandal is that the crypto market in general is not so intertwined yet into the broader financial markets. so that the lots have been so far more, less limited to some individuals, even if those have been heavy. but they have not threatened our entire financial system. so that's maybe a little piece of good news. but looking ahead we will definitely see that the crypt, the industry has lost a lot of credibility and regulation will definitely be tighter in the future. and then we will see who will a so wife this whole debacle or because so i'm quite certain that we will see more companies to also be affected by the strain reaction. a great many

people will be watching it very closely against quarter. you will to, in new york. thank you very much. now, to some of the other global business stories making news, the russian rouble has stopped to its weakest level against the u. s. dollar in 8 months. tumbled more than 15 percent against the greenback this month. the sanction fears grow, the country's export revenue declined and has been the worst by the, wasn't by the european oil and bog with that began in december. and the u. k. economy contract to buy more than previously estimated in the 1st in the 3rd quarter, revised data also shows a disposable household income continue to fall. the u. k is lagging behind other advanced economists as it faces multiple challenges, including soaring inflation, supply chain issues, and the impact of breast germany is burning coal. it it's fastest pace and at least 6 years, that's according to when you bloomberg report levels of pollution from german power production and now comparable to india and south africa. the country has turned to

other fossil fuels and a bit to replace russian gas. a group of gamers is suing to stop microsoft from buying video game publisher activision blizzard. the controversial deal has also been questioned by e. u and u. s. regulators. activision as the maker of call of duty and other popular titles like hold of warcraft and county crush. he $69000000000.00 deal would be the price . yes, ever tech merger. the game as fear that the merger could limit availability of activision games to microsoft x box. while the u. s. regulator fears the deal could dampen competition. let's get more on this now with jazz called and gaping journalist and managing editor at tech site windows central dot com. thank you very much for joining us, jazz and how is that microsoft justifying such a big acquisition, which the regulator and some fan say will erode competition and gaming? well it's, it's funny, you know, because this is kind of

a revolves around the whole a lot of the discussion revolves around call of duty. but microsoft has said repeatedly that this deal is more about bringing competition, not to play station and not to sony, but it's more about bring competition to apple and google, whose do wobbly on mobile devices, has decreased innovation raised prices and all kinds of stuff. and microsoft hopes that if he gets control of mobile games, like all of your a mobile and county cur saga, that he can sort of bring some serious competition to the mobile space. in a world where gaming is increasingly shifting towards mobile devices. and of course, sony is trying to paint it that it's about call of julia for closing call of judy from playstation. but if you look at microsoft history, when they purchase minecraft, minecraft continues to thrive on playstation. mark supported to more platforms lightens and a switch and so on. so that's where lot of the all

right i'm, i'm afraid we can't hear any more just called now we have a technical issue, i'm afraid. and so thank you very much and yet hopefully we can get you back on again soon to talk about that more detail. well, we have to move on now. hydrogen has long been hailed as the clean energy source of the future. the problem is it's energy intensive to produce a new project in chile is not only hoping to power the process that makes hydrogen using renewable energy. but it's hoping to do it at a commercial scale, the likes of siemens energy. and portia piloting the project at the haru only plant in the windy patagonia region of southern chile 2. 0, one 0, chill a wants to show the world how it's done,

generating green hydrogen, and converting that into petrol is nothing new. but this pilot program on the southern tip of the country is the world's 1st commercial plant on an industrial scale, the chilean economy minister sees it as key to the countries future when october yet till seen, if you can project is a very clear example of choice leadership in green, hydrogen green. hydrogen is an energy for the future, but in chile it's already present and is the possibility of having a development strategy that successfully combines the fight against the climate crisis with business and economic dynamism. anyone on the go? oil company exxon together with siemens and portia built the facility. the goal is eventually to have plants like these export in carbon neutral fuels across the world for using cars and even aircraft and ships using guns closes foot is yeah,

we see great potential in the production of e fuel. there are 1300000000 internal combustion engine vehicles on the road, and a sustainably produced fuel can immediately contributed the carbon ization or so forth. with a cub when you seattle by throw wind energy will power the hydrolysis process that makes green hydrogen. this is combined with carbon captured out of the air to make methanol that's converted into petrol to fuel vehicles without any special equipment needed. the carbon is released into the atmosphere when the petrol is bert. it doesn't add new carpet to the atmosphere, but it isn't carbon free like some fuels. but proponent, say it's an important step before we can generate carbon free fuels efficiently. chill, i may have it sites on the export market, but some environmentalists believe the country should focus on home 1st and are about renewable. energy is the foundation of the global energy transition. it's scarce and precious all over the world. chili's own energy needs are still mainly

covered from fossil sources. the renewable electricity is needed there for ot cobalt. the higher oni pilot project is expected to start commercial operations in march 2023. it may not be the solution to global clean energy, but chile hopes it will be an important step towards the fuels of the future. for the 1st german import terminal for liquefied natural gas has started the test phase. it'll convert ellen g back into gas before pumping it into germany, braving a stiff north sea breeze at german chancellor, olaf schoultz welcomed a new era of guests applies to germany. i can hear you a very good. and if i come to germany, we are very happy for you to the terminal at vill helms haven is to be the 1st of a series of gas input facilities, part of a drive by the german government to wean itself off russian supplies and prevent an

energy crunch the project was conceived, approved and executed with the speed previously unknown in germany. i said as if i thought when we said that, for example, such a terminal should be built here in films hoffen within the year. and he said, that's not possible that will never succeed. and the opposite is true. on looking as far as the mass news, cruise angled for a sound bite, schultz announced that germany was changing up a year. thus this, yes, this is now the new german speed with which we're moving infrastructure forward and it should be a role model, not only for this plant, but for many, many more. some critics say that germany is simply prolonging its reliance on imported fossil fuels. so from the and brian environmental point of view, it's not the best case, but um, in terms of economy, of course we need this independent scene supplies security. that's why it's an

important step for gemini, knocked down. i says he hopes that in the future, the government will start applying the same speed and vigor to the approval and execution of green energy project. oh, your up to date with d w business. that's all from the in the business team here in berlin. but if you want more, as always, you can have that over to d, w dot com slash business. thanks for watching. ah, the brit daniel bernstein will do anything to prevent his children from going hungry . but in britain, that's not easy at the moment. the country that's actually rid food distribution is help the poor, but the number of people in need is exceeding capacity. when will that govern and help focus on europe? next, on d. w 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. he keeps his successes at noon in our weekly coven 19 special. in 60 minutes on d. w. o. oh . on the melting reporter tracks down the arctics, major players with you see routes begins a dangerous game. people overseas that yeah, we are here. we're patrolling the area now. the cards are being re, shuffles,

has the best headed russia is quite economic in the arctic. if you see something that looked like james bond, it has to do with the military. it starts december 23rd on d, w. ah, hello, and welcome to focus on europe. it's good to have you with that christmas is around the corner for those will celebrate its time of year to spend time with their families.