ah, and i forget you can always get the w's on the go. that's download our app from google plate or from the apple app store. that will give you access to all the latest news from around the world as well as push notifications for any breaking news. and they're watching dw news. business is op. next with daniel winter, i paid for zillow and see you next out. with a sex phone operator who wrote her master's thesis on put potato raring to read a turn on. well, it gets more would, but there was from there you don't you literature list. good german,

longstreet. imagine how many portion of love us heard out in the world right now, the climate change. if any, off the story. this is life life the way home just one week. how much wife can really get we still have time to go. i'm going all with flex with his subscriber along with 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. we'll get the word from wall street . also coming up chillies betting big on 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 or get the expert view? at that time again, d w. business welcome, disgraced f t x found a sam bagman freed has been freed on $250000000.00 bail that after a u. s. judge allowing his release as he awaits trial on criminal fraud charges. franklin free 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 fried his closest associates of pled guilty and to 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 their forest. 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 up 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 f is 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 watchers? 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. get 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 wife this whole debacle because i'm quite certain that we will see more companies to also be affected by the same 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, a sanction fears grow. the countries 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. a common contract to buy 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 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 in 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 vote war after county crush. the $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 justify

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, 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 in 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 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. 0, one 0, chill. i wants to show the world how it's done, generate and 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 countries future when

i've never yet till seen. if you can project is a very clear example of chillies. 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 to fight against the climate crisis with business and economic dynamism, sitting on on the 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 gun skills is put into 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 ization. so far, it's 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 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 i like 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 out 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. the

1st german import tunnel 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 could hear you a very good and delight, come to germany. we are very happy for you to the terminal at vill helms, haven't 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 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. a door up to date with a 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.

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