david cosby will be remembered as one of the most influential musicians of the 20th century. ah. all right, you are up to date dw business with stephen beardsley is up next a don't forget he can get more news on analysis on our website. that's d w dot com, and you can also follow us on our social media accounts on pablo photo and yes for me on the team here. berlin, thanks for watching. take care. i'll see you again. the top, the next term with ah, what people have to say matters to us. m. that's why

we listen to their stories. reporter every weekend on d w days. it's avalanche. are my welcome to my podcast. love matters that i and by the lever teeth, influences and experts to talk about all playing loved effect from day to day. nothing less of all these things and more and then you just leave them off the plot . come, make sure to tune and wherever you get your pot path and join the conversation, because you know it who love mattered. mm. ah ah, ah, i'm steven beardsley in berlin. here's a look at our top stories, crypto lender genesis files for insolvency in the wake of the f t x collapse. we'll look at the company with almost $3000000000.00 in active loans. agricultural

ministers gather in berlin to talk about the food prices affecting their countries . we'll hear from a minister out of the united arab emirates, also on our show, davos flies, the l g b t q flag, or companies ready to move beyond the symbols and make their workplaces safer. for consortium crypto currency lender genesis has filed for bankruptcy in the us. it's the latest to fall after a state of 3 shake out in the digital asset market and the collapse of crypto exchange, f t x. genesis global capital, one of 3. genesis entities that apply for bankruptcy. protection on thursday froze customer withdrawals in november, days after f t x made its own insolvency filing. a genesis estimates it has more than 100000 creditors. oil screens corta in new york for more ins. crypto lenders like genesis, were really acting as almost like banks. but the customers didn't really have

deposit protection like they would with banks. so what kind of recourse if any, do they have when someone freezes their their deposits? well steven, i would say get in line. i mean, those bankruptcy protection protest this, they are very lengthy, they take some time and then at the end of the process, you have to see what is left that can be distributed with all those creditors from a genesis. in this case, you can definitely expect that a lot of people will not get their money back. and then you mentioned that platform like genesis almost works as a bank, but at the end it isn't then i would say, be careful what you're wishing for. i mean, the crypto industry in general wanted to create an alternative system to the traditional financial and to banking market and it is obviously insecure. and there you see what consequences that industry can have in crypto crash has been

going on for quite some time. now we've seen the collapse of some major companies. why is it that this hasn't really leaked into the mainstream financial system? we're not really seeing a lot of sort of normal, i guess, non rich people who are really affected by this if we want to take any positive out of all the scandal and the bankruptcies that we're seeing right now in the industry, it is that we can be thankful that is not to intertwined into our regular financial system. so the losses are really limited to a few investors them and not into the heart and bottom of the financial industry. so i would say that's actually positive. and if you look what the financial system and also some banks actually were doing in the past couple of months, i mean, they took crypt currencies that took the whole industry

a more serious. they treated bitcoin, for example, other crypt currencies as some assets. but fortunately, it is not to intertwine and that even if it's painful for some investors that is not threatening our financial system overall. by the way, what i find very interesting is, besides all those bankruptcies, all those scandals, the underlying crypt currencies themselves. they're actually doing pretty well right now. bitcoin for example, went up on friday by a good 5 percent at the beginning of the year. bid cards cost less than $700000.00 today. it's more than $22000.00 to but overall i think we can be thankful that the crypto currencies and not to intertwined in our financial system at this point. and then i'm sure there will be another cry for more regulation in the days and weeks to come in quarter in new york. thank you. and we go now to some of the other global business stories making headlines. google's parent company, alphabet,

has announced it is eliminating about $12000.00 jobs or 6 percent of its workforce . so dot beach high off, but ceo said in a staff memo that the company had rapidly increased hiring and recent years for a different economic reality. the cars come days after arrival, microsoft said it would lay off $10000.00 workers. chinese technology company, dd global's domestic ride healing app has returned to china's apple app store earlier in the week. it also return to some android app stores dee has been awaiting approval to resume new user registrations and downloads of its 25 band apps in china. the company fell a fowl of chinese regular regulatory authorities in mid 2021. on saturday, dozens of agricultural ministers from around the world are set to meet here in berlin to discuss the challenges facing the global food network above all the consequences of the war and ukraine and climate change. now one participant is the united arab emirates,

a federation of 7 oil and gas rich emirates on the persian gulf. and one of the main issues here. groundwater is used to irrigate crops like tobacco dates and citrus fruits. but it's salty and resources are finite. the middle east has face water challenges for centuries, and more recently with the rapid growth of cities like to buy in upper darby. global warming is likely to make additions worse in the near future. and that's creating urgency for solutions. mariama murray is the united arab emirates minister of climate change in environment. she recently spoke with our reporter k ferguson who began by asking why the country had chosen sultan algebra at the head of its state oil company to lead this year's international climate gathering. cop 28. now mary begins this interview by mentioning the global stock take, and that's how countries track progress on their climate goals. take a listen. we all know that the global stock take it will be the 1st global stock take will take place and it basically it's a report card where we see where we are against where we should be. we all know the

results won't be looking good. and so it's really important that we have people who can get results. and so tom comes with a track record as well, of being c e o of founder of monster, which is our flagship, a renewable energy company. and he's really move the needle on transitioning. the u . e. m a into the renewable and energy space. and so with that to day, if we look at the economy, 70 percent of the g, d p is non oil based. and so this drive we want to get as well going on a global level. right. i'd love to ask you about some of the climate challenges at the u. a itself as facing out of the desert country. of course you are used to facing water scarcity. and but this is being made worse because of climate change. what is the government doing to address that problem? so we, we are a war to scars country. we have less than 5 percent arable land. and as i was saying, the 2nd half that we are,

we are responsible for is really ensuring we're positioning the u e as a country that is committed and serious on the climate action. and with that comes the space and how we're using innovation and technology. i'm also making sure that we are working on our end dcs making sure that we're looking at of the climate agenda, not just as the energy a dialogue, but also food systems transformation, a reversing biodiversity loss. and as well as tackling pollution and a waste and all the likes of the other m emitters and the system or in the climate change agenda. so what's really important is that we and this is something that i'll be leading with all my fellow ministers in the country and all the stakeholders is really making sure that people understand the climate action dialogue is not just the energy dialogue. it's so many other aspects which we want to bring to lights at. cop 28 and innovation will be really key to this and not

just innovation and products, but also innovation and systems approach as well. or port ferguson there with mario omari. she's the u. e's minister of climate and environment or to day marks the end of the week long world economic for meetings in davos. a mix of political and business be dating were companies talk shop ends like the town values for the l g b t q. community visibility is growing at the week long events, but so we're concerned that companies are more interested in talking about change than actually encouraging the world economic forum and our voices flying the rainbow flag for l g b t q rice. after 50 years of divorce, global l g, b t q. acceptance and equality are taking center stage at various events. belgium's deputy prime minister pit deserter is a trans woman who long considered divorce a corporate haven with no relevance to the broader debate on inclusion. she split

it's changing, and these are, it is also important for you as a c o in your business to have attention for diversity and inclusion. it will make your business better. so it's a win, win is giving rights to people and opportunities and attract talents. an anti lee to grow and personal growth, but also economical growth as the wind wind. and so i think we need however, critics here say companies are still shy about supporting the community. but as young people play a bigger role, they are growing calls for greater acceptance and understanding of the l g b t q community. as no visibility, a divorce is important to both support like a big imprint sort of visible fine of hey career people are here are inside or outside. we are important contributors to these conversations, but also the community of global leaders who are we're really improving here. the

we're on the reality remains that an over 60 countries, l g, b, t, q activities are still forbidden. this mostly, but not exclusively happens in developing countries. i am always aware of how transgender people is having a lot of troubles in mexico, in latin america, in every region, with a lot of balance. i mean, in my region, they're being killed. their life expectancy is very low. and we need to do something because this is not possible. they're human beings, they're amazing human beings. we need them, we love them. and we need society to think that way too. even and many industrialized countries, there are discriminatory anti l g b t q laws. so activists say it's not enough to put diversity on the agenda at davos and make themselves look good. this new profile has to translate into actions to improve l g b t q writes or in, finally,

asia is getting ready to celebrate the lunar new year. and for many countries it's the year of the rabbit. but what do you do if you own a pet rabbit and are hitting the road for the holiday? a common question i know. well, you can take them to bunny style. it's billed as a luxury rabbit resort. yes, there can roam a large play area and even stay over night. the business open 7 months ago and is fully booked for the holiday. keeps yes, busy with regular exercise spa treatments. and of course, multi cares. all right, that's our show for more you can check us out online e w dot com slash business also finds on youtube or the de debbie news channels. wanted to the point. strong opinions, clear positions, international perspective, a sake of, of military brass points to risks and rushes, war effort, managing failures and a new top commander in ukraine had hinted at

a possible new offensive addition of to the point kremlin power struggle. one in fighting means for prudence. war of aggression to the point with d. w. thank it's the slow death of an african fishing village. people of tumble in sierra leone have made their living from fishing for centuries . but no chinese trawlers are threatening the coast. many villagers have been forced to abandon their families because they have no future in town. need both emptiness in 45 minutes on d. w. o. a ready?

no. with hackers, paralyzing the tire societies. computers that are some, are you and governments that go crazy for your data. we explain how these technologies work, how they can go for and how they can also go terribly. what? oh, ah, a shakeup of russia's military leadership has ukraine bracing for a possible new offensive improvements war to watch or suspected rifts in the kremlin need for their future war strategies. rush us top soldier, valeri, a garrison wall has been named the latest new commander in ukraine.