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ah ah, tough times, but asia is richest man. indian billionaire, gautama donnie, has watched donnas, his empire lost tens of billions in value in a single week of the claims of fraud triggered the sell off. intel has also seen it share slide after its revenues. disappointed invest this has the great chip

shortage turned into a major chip a lot. and can you beat me? plant bass proteins are all the rage. but good luck, right, chicken. the next thing on your plate. a business on robots and bill and welcome to the the business empire ages richest man has lost over 45000000000 dollars in value this week. she has an outcome of donnie's. companies have knows, dives, triggering triggering a 1.5 percent drop in india and sex index investors reacted after a us based short setting. it was betting against the dani group, edinburgh research accused the company of accounting fraud and stock market manipulation. donnie says it is considering legal action against well, let's get more on this from our report. asher talk can day. he's been following the story for us. first of all, i just took us through just how significant

a figure out how donnie actually is when he's a significant figure, it's a story of the meteoric rise. he's gone from being an a relative, obscure figure to becoming one of the richest in the world in matter of some 3 to 4 years. he operates in several sectors of ports, airport, so real cement and renewable energy. many of the sectors are called priorities of the government. so basically his interests aligned with the ambition that the government has for the country and that makes him a significant player. the opposition, however, sees him as opposed to a child of 4 crony capitalism and the actually a q is the one that he's gone. it is because of the policies of favoritism that the government has shown towards it. and he said to watch on this week because his

group share prices have been plummeting. so what's behind the allegations made by hindenburg research? exactly. well, this form is known to go off to these companies that very, very find some sort of a corporate wrongdoing. and certainly a donnie group is the biggest fish that it has gone after. and certainly the stakes are definitely high. basically, it's accusing a donnie, all of wrongdoing, stop manipulation, fraud, money laundering. and basically very serious allegations. allegations are done, the group has said malicious, they've actually had bad against it all depends doing legal action against this firm, which is known to bet against companies to make money. so that's what, as a short sell, they do this time around. however, the money do feel that this timing is actually suspicious because it comes right

when the go group is seeking a fund through by selling the shares. and this is the time when this report has come in. so they basically say that the timing of this report is clearly betraying a brazen, mollified intention to disrupt that and batch as it apparently is actually in collecting many of the flaws that this report is highlight, including that the company is over leverage, that it has a lot of debt cash funding. following a donnie great for us. thank you very much. let's take a look at some of the other global business stories making the news found in the netherlands or restrict exports of semiconductor manufacturing equipment to china. following the u. s. you did say last year restrictions would concern s m l and nikon, respectively. that shows that u. s. manufacturers aren't at a competitive disadvantage to to the product entails annual revenue has fallen

20 percent in the past year. the u. s. chip maker also says it's expecting to bring in $2000000000.00 less than analysts. we're expecting for this quarter. any reports or intel share price plunge more than 7 percent or more on the firms chip supply was his i was 3 correspondence for yeah. first a little and then too much, i mean for years we basically complained about that. there are not enough computer chips around now they are too many and that is especially true for the a p c. and server industry that is doing pretty poorly right now. and intel is having a big stake into this a business. a lot of the customers are sitting on a high inventories. they have to get rid of those before they re order, and therefore the leg cluster a quarter for intel lackluster. having that set one analyst put it that way, that was not an earnings report. that was a crime scene. so that's what the ellen ellen said and then probably tell the full

story. definitely not a good quarter for intel. and also the month i had look a shaky for that company. interestingly enough, other say my company's like a m d and video did much better. actually the stock price is gained here in the friday session on wall street. so obviously a wall street believes that those companies who are not so exposed to the pc business, for example, it will be doing much better. so the earnings that are coming out from those companies in the next couple of days will tell their story. so we will see if there really did better than into gens, caught that if they fire, we hire. that's the message coming out of germany. talent star manufacturing sector, in response to mass layoffs by big tech, various companies including a subsidiary of folk spark and have said their doors are open to workers who have lost their jobs. microsoft, google and amazon as well as germany's s a p of all announce that cutting staff this month. some 200000 tech jobs have been cut well weiss and start at 2022. last

part of this week's d. w business special for youtube. we spoke to wall street tech analyst, dan ives. here you can take a sneak peak. i think you observe the pandemic. these companies were spending at a pace that was really unsustainable in his store. i mean, microsoft added 75000 employees, 2019 because of the demand environment. we're in an unprecedented territory, but i also do believe to test your cut costs and a lot of areas, non strategic, but they're still going to win invest in the next $2.00 areas, cloud will chat, g, b, p from microsoft will get some of these other areas across what i believe apple amazon . so i do believe that the scheme that we're going to see over the coming months in year i think one thing we should discuss is whether or not the tech fans should have seen this coming. i mean, you talk about the enormous number of people who they talk on during the course of

the pandemic. did they really believe that that the conditions that were there during the time that we're going to continue until this point? i think that that's going to be the bid. did they miss judge what the demand environment was going to be? clearly on the coven overhang, you know 1st and then you're going to see a major drop off on demand. i think a lot of these companies were not quick enough to act. now you start to see them rip the band it off. i think some did need be more prudent. i can apple, that's a good example. but others, i think we're spending aggressively in investors, we're fine with it. but now that environment seems on wall street. and that's a big thing. short a headline here for now to get very uncertain. 2023 things are very uncertain is actually, it's not a great time to be entering the job market. is it these tens of thousands of people ticky with a cost of living, being an issue in so many different places,

but the jobs not going to be getting pretty congested. now in silicon valley, i think it's congested, but i do believe bessie engineers, software developers, and specialized marketing. they're going to have either many choosers or in terms of the opportunities because 11, companies, bosses and others gave you go back to other periods. not covered taxes, lee lying these good through to 1000 to 2003 bought a company that would come out say that the e minutes and the me were able to really hire significantly during those period. 092010. seen. so who could be the next stage for the next amazon? i think that's going to create opportunities to lose companies that are able to opportunistically spend most a tech on this, donna is speaking to me there. and you can see that interview in its entirety in id

to be a business special on the d, w news, you tube channels there had over there for that. now some say that nothing beats meat, plant based protein alternatives have become popular in the u. s. am parts of europe, but there's a new veggie alternative. on the menu lab, grown meat could soon be coming to a restaurant. ne, you this might look like a typical dinner roasted vegetables with thought aid chicken. except before going in the pan, this chicken wasn't raised on a farm or an a processing plant. it was grown inside one of these. it's creators called cultivated meat. and if it taste just like chicken, that's because it is. it is meat, so it is chicken. it'll taste exactly as you would expect, a chicken to taste. so the part that's remarkable about it as we didn't how to raise and slaughter a chicken to get real chicken meat out of it. and that's the unmistakable ah,

pioneering advantage of this field. because we're offering the choice to continuity, eat real meat without giving it up our prime to become a vegetarian or vegan. cultivated meat is made by taking a small sample of cells from livestock and feeding it nutrients. it enormous seal vessels called bio reactors. this upside food facility in california has the capacity to make $180000.00 kilos of cultivated meet per year. a small fraction of the 48000000000 kilos of conventional meat and poultry produced in the united states and 2021. the high cost of production and small output needs it can't compete with conventional me or plant based alternatives just yet. but cultivated meet makers hope their product will be available in restaurants this year. and in grocery stores by 2028 stuff. a reminder,

the top business story with following for you this our, the business empire, asia's richest man, is lost over $45000000000.00 in value. jazz and gout, i'm a don, he's companies, nose dived, investors reacted a u. s. based short selling firms that it was betting against the dani group and, and beg research accused the company of accounting for and stuff manipulation. dismissal from the business name handbell, informal had to t w dot com slash business. also the t. w. news youtube john away you can find that d w business special to next time and to the point, a strong opinions, clear positions, international perspectives breaking with a long standing taboo. germany has authorized delivery of the leopard battle tanks to a conflict zone. does that mean berlin is ready to lead to militarily or does it remain

on my guard? find out on to the point, to the point with d, w. european for the 2 faces of rose course. in industrialized countries, it's a beauty accessory, costing up to 40 euros. in madagascar, it is the only source of income for a kilo, of course, a minor gets $0.10. the dirty business of beauty in 45 minutes on d. w ah, in mind is you're good is with getting ahead using tech documentary series founders valley

africa to meet the founders empowering their continent through digital innovation. all the transform on work and health and living conditions in their country and inspiring the world with their ideas. valley africa started february, 13th on the w is germany is finally ready to make good on the turning point declared nearly a year ago by chancellor sholtes breaking with a long standing taboo. he has now authorized the delivery of german tanks to a conflict zone. ukraine will receive leopard to battle tanks not only directly from germany but off.