the christmas holiday travel as a winter storm threatens much of the country. temperatures are forecast to plummet to dangerous arctic levels in many areas, along with high winds and snow. president biden is urging americans to take the storm warning seriously. you're watching the news business news is up next with my colleague daniel winter. remember there's much more on our website. that's d w dot com. you can also find us on twitter or instagram at dw news. i'm ami and isa. thanks for joining us. it's just a thought say we'll credit you know,

mid madeline share. my welcome to my podcast, love matter by and by the lever teeth influences and experts to talk about all plain labs from day to day. nothing less. all these things and more and then you know, even of the pot can make sure to tune and wherever you get your past and join the conversation, because you know, it love matter. mm ah, sam bagman freed appears for his 1st hearing and a new 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 green fuels. we take

a look at a major new project and a proof 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 expert view. at that time again, d w. business. welcome, disgraced f t x founder, sand bank. mon 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, appeared in a federal court room in new york. after being extradited to 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 franklin freed this closest associates of pled guilty and 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 jens quarter is standing by there for us. yes. how bad is it looking for s b f after this initial hearing today? oh well, i mean it is, sir, not looking great and that also 2 of his associates pleaded guilty and are going to help a prosecutors to get a tighter case against them. as m a bank men of free term, it will be a tough firm. a we will probably have the next 3rd court meeting early january when m. s. b fs. are considered to plead guilty. there are 8 accounts of charges against him, and if he is found guilty on all of them, he could face up to a 115 years in a prison assault the show is on so to speak. now, when it comes to the future crypto scandal. so for the crypto industry, this could be the trial of the century. so what does this mean for industry watches? what do they say? well, della and daniel,

we've already seen certain chain reaction. so some smaller crypto places, central file for bankruptcy protection. we had the stocks of other big crypto exchanges 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, gets into the broader financial market 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. it will definitely be tighter in the future

and then we will see who will wipe this whole debacle because i'm quite certain that we will see more companies to also be affected by the same reactor. 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 sub 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 without the jam in december. and the u. k. economy attracted by more than previously estimated in the 1st in the 3rd quarter, revised data also shows that disposable household income continue to fall the u. k as lagging behind other advanced economy as it faces multiple challenges, including soaring inflation, supply chain issues, and the impact of race. germany is burning coal at its fastest pace and at least 6

years. that's according to when you bloomberg report levels of pollution from german power production and are 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 is the maker of call of duty and other popular titles like hold of war after candy 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. and for more on this i spoke with jess cordon, gaming, journalist, and managing editor, text window central dot com. i asked him how microsoft justifies such

a big acquisition, which the regulator in some fans, they will erode competition. this is kind of, it revolves around the hold. a lot of the discussion revolves around call judy. 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 marks off hopes that if he gets control of mobile games, like call it a mobile and county cur saga that it 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 mark's last history, when they purchase minecraft,

minecraft continues to thrive on play station mark supported to more platforms like, and it's in the switch and so on. while 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 sheila 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 harrow. only plant in the windy patagonia region of southern chile. 0, one 0, chilly 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 chill, an economy minister sees it as key to the country's future when

i've never 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, sitting on on the oil company exxon together with siemens and portia build 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 can also put in see always a 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 is ation so far . what they come when is seattle, viper 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 burned. it doesn't add new carbon 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 i like that 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 only 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. the

1st german import terminal for liquefied natural gas has started a test phase. it'll convert l n g back into gas before pumping it into germany. braving a stiff north sea breeze. german chancellor, olaf schoultz, welcomed a new era of guest supplies to germany. i didn't hear you very good. and if i come to germany, we are very happy for you to the terminal at phil 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 a speed previously unknown in germany. i said us because i thought when we said that, for example, such a terminal should be built here in villa m. soften within the year. many said, that's not possible that will never succeed. and the opposite is true. husky,

as far as the mass news, cruise angled for a sound bite, sholtes 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 independence soon 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. a door 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

thing . conflicts own with sarah kelly. my guest this week on conflict zone is a renowned foreign policy expert who has spent most of her career analyzing vladimir putin, russia. fiona hill joined me from washington where she has advised free west presidents and co author to book on. where does she think the wise heading?

was this plan all along or hadn't dec ethan power changed hands? conflict zone a j. w. i. you see a, does it here vein? death, a young ether in to the south of the country because they can no longer afford city life. it's extremely hot, but then it on the comparative, does it living smoking, city scape, who landscape and in 60 minutes long dw, with melting reporter tracks. don't the arctics?

major players with c routes begins a dangerous game. people overseas that yeah, we are here. we're patrolling the area now, the courts are being re shuffled. who 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. i was starts december 23rd on d. w. with my gust this week on comp zone, as of right now in foreign policy expert who has spent most of her career analyzing vladimir pollutants, russia. fiona hill joins me from washington, where she has advised for u. s. presidents and co author to book on pu, her testimony in the 1st trump impeachment trial made her a household may want to blow bear. she warned of the danger put.