it has come to almost completely surrounded the east of ukrainian city of buck more its commander urged ukraine's president to pull his troops out. all the that's it from me and the news stream from now don't go away. coming back this christy plot said and she has your business update. i can tell you this more bad news for those of you who own crypto power and sees so for to stay tuned for grab office in a berlin. thanks for a hello guys. this is the 77 percent the platform for africa, the issues and share ideas you know or this. i know

we are not afraid to happen delicate topic because population is growing and young people clearly have the solution. the future belongs to the 77 percent. every weekend on d w come have a peek at this county, the highlights you every week in your in box subscribe now. a, another crypto crisis, hips coin prices. crypto companies are cutting business with silver gate after the crypto under warned. it's future is in jeopardy. what's it mean for digital currency is we'll find out also on the show german answer,

olaf schultz is in the us to have a word with fighting about a massive package of green subsidies that could hurt investments in europe. and global leaders are pouring billions into saving one of the biggest economies, the world's oceans expert gives us the price tag. i'm christy plants in, in berlin, back with another dw business show shares in silver gate. a major crypto currency lender have tumbled more than 50 percent after the bank warned of a possible collapse. silver gates woes are the latest to be triggered by the bankruptcy of f t x, a crypto exchange whose former seo is accused of fraud f. the x says billions of funds are still on accounted for, and that includes money lent to be exchanged by silver gate. the california base bank has delayed its annual report and announced it would sell more of its assets in order to pay payback its debts. well, let's get more on this from. yawns. corta on wall street. yes. good to see you break this down for us. what exactly is going on with silver gate?

and what does this mean for the criptos base? well, i mean, christie was a definitely tells us is how a volatile and also how interconnected the crypto market. it's now silver gate is maybe even facing a bankruptcy. i mean, it's not given a yet, but that stock used to be a $200.00 stock now it's down to about $5.00 a piece. so it definitely is some alarming and development clearly for a silver gate, but it also shows if one thing happens in the crypto market and other parts, not just of the crypto world, but other areas of the financial market also could be impacted. you could say, thankfully the traditional banking system is not so deeply intertwined to into the crypto world so that we are not facing anything like

a financial collapse or anything even close at this point. ok, well i'm glad to hear that. but looking at the crypt space, specifically, i'm getting quite used to announcing these little crises or i don't know if there is a little, i mean, what sort of shape is the crypt market in overall right now? it goes in and this is really been very interesting if you think back in november of and f t x collapse the coins themselves. so the crypto currency of them oddly reacted. i mean, we did see quite a fall out earlier last year. bitcoin, for example, about a year ago that so that around $40000.00 a piece. and now it's down to about $20.00 to $23000.00. and in the past couple of money, besides all the scandals, all the fall out from f t x. and the like says not effect that the coins and the crypt currencies so much. but now investors definitely get a bit more uneasy of the, with the latest that we,

that we've seen. now bitcoin, for example, losing about 5 for sending value this friday, a bitcoin and ether. so those 2 coins or 2 jenner missouri together last the markets here of about $24.00, a $1000000000.00 here shortly before the weekend alone. so definitely not really a good week and a day for either a credit or industry. certainly not. that was yonce carter, new york. thank you. well, german chancellor, all i've shot is in washington d. c for a meeting with president joe biden. the war in ukraine top, the leaders agenda. but schultz also wants a word about the inflation reduction act, which creates massive financial incentives for green business. in the u. s. europe fears it will lower investment away from its own borders. and this fear is not without reason. european firms say that they'll go where conditions are best at the company booklet. they're particularly proud of this machine, the laminator,

which presses photovoltaic systems from various individual parts and dust, so particularly quickly, they can produce up to a $116.00 panels, an hour buckler cells. these machines mostly to asia but to the rest of europe to these and largest patel. this is, this plant in particular will stay in europe, but of course, future plans will increasingly go to the usa afterwards. partly or even completely due to the program figures for homes. that's because the new $1000000000.00 subsidies in the us now make it particularly attractive to produce green technology there, including solar cells. robert geyser has already traveled there to make contacts and deliver his machines. as maxine balls has a mechanical engineer, you say fine, so the project will take place somewhere else. as long as you're involved somehow, ah, but when i see this personally as a european, these investments are needed in europe and have now been cancelled by investors and manufacturers and are being relocated to the usa when been in the was off

a log of like here many entrepreneurs are hoping for a solar boom in europe, seeing it as a technology of the future to help mitigate the climate crisis. time is of the essence. we have no, not, we only have 20 to 30 years left. then there's no going back on the c o 2 issue. we have huge problems and in such a significant situation, we have to act. in other words, at the e u. subsidy so far are insufficient to attract investors to europe. meaning the continent is lagging hopelessly behind the ear where now quite late. europe's perhaps the last major industrial location in the world to get on board. so we can learn from what other countries are doing. what have they done well to ramp up industry, they're gone. it's hoped that could trigger a new boom and european green technology, which while that guys are thinks will lead to more customers closer to home and secure jobs. you're going all we need customers in partners,

especially in europe with whom we can work together to supply them the next generation of equipment and develop accordingly. by living, he fears that without quickened and bureaucratic help, europe will once again become dependent on other countries for a key technology of the future. here's what else is happening in business today. volkswagen shares jumped more than 10 percent on friday. the german car maker unveiled and optimistic earning forecast for this year as supply chain disruptions ease. it reported a net profit of $15800000000.00 euros for 2022 and that sales rose nearly 12 percent. nigeria, supreme court has ordered the central bank to extend the use of old narrow bank notes until the end of this year. the withdrawal of the old currency last month caused cash shortages, widespread hardship and anger. the replacement banknotes have been in short supply, making it difficult to pay cash for goods and services.

business business and political leaders are pledging billions and aid to protect the world's oceans from pollution, over fishing and even mining the global to day. our ocean conference is being held in panama. the u. s. has already pledged $6000000000.00 towards dozens of projects, including green shipping corridors. the e. u has earmarked over 8800000000 euros towards research and monitoring. but many regions of the high seas fall outside of international jurisdiction. scientists say roughly half of the oxygen we breathe, comes from the ocean, making conservation crucial. or for a deeper dive into this ocean story, i'm joined now by hines coma. he's written a book on the economic significance of the world's oceans. now hines, can we put a dollar value on our oceans? i mean, what are they actually worth in economic terms? yes, we can do. there are different ways of looking at it. if we live by

a lot of side, for example, we can say that 90 percent of all goods are transported on the oceans. globalization would not exist without the oceans. and then we have well yours, that cannot be expressed in monetary terms. you mentioned the oxygen out to express the value of oxygen that the oceans produce. the oxygen of every 2nd priest comes from great trust and the oceans that do photosynthesis, predominantly from bacteria. now you mentioned leaving aside biological aspects of the ocean. i mean, of course, there we're talking about ocean plants, about fishing, what is the economic value of those the, the biggest economics who l. u. s. the food supply, especially for the poor countries. fisheries are worth about $85.00 bill young with the low, you and illegal fishing is additional for about $25000000.00 west or you

know, maybe even $50000000000.00 that is fatal for stock or fish stocks, especially for expensive and therefore rare speeches. if you get $100000.00 for atlantic roofing or not in japan, of $50000.00 gustavo way shock in china, you will always find some fishing them illegally. and this is really a big threat. tourism is also very big economic fact. so for example, in australia alone, 65000 people live off the crate for right now, i know that you've said that the coral reef is the most important economy in the ocean. why is that aside from tourism? yeah, there are different reasons um, the tropical coral reefs are really, really special about the 1000000000 people depend economically on functional

reefs. this concerns the tourism industry, the food industry and even new medical agents. but the greatest value, however, is the coastal protection. korea protect for example, the cost of about $100.00 countries because they take about 97 percent of their energy from the waves. so by a lunches and me estimate the, well you of course risk per year at about $375000000000.00 till 10 trillion. so as follow, this is a really huge money. in comparison of 2022 profit was about 89000000000 westerlo. so that really pales in comparison. that was heinz claim our author an ocean expert. thank you for joining us. you're welcome. sticking with the ocean, if you have a few 1000000 euros to spare, what better way to get around than on your own? luxury super yacht from the do by boat show, the soaring as she's known as

a 68 meter long boat. a virtual mansion on the sea with luxury interior is worthy of any high class residence. and she can be yours for mir pocket. change at just $88000000.00. the super yacht is just one of many. on show until sunday, the global yacht market was worth around 9000000000 euros last year with the middle east, a key growth reach, and of course, wealthy individuals and rental companies were the biggest buyers. that's our show. i'm christy plaza, new berlin. thanks so much for watching with what? making the headlines and what's behind them. dw news africa, the show that faculty issues have been the continent. life is slowly getting back to normal. yeah. yeah. well, the streams to give you enough reports on the inside our corresponding with on the

ground reporting from across the continent, all the trend stuff, the mazda to you next on d w. e glaciers. ah, provide nourishment in baton for both body and soul. ah, but climate change is threatening this balance. ah, the blues are adapting to these shifts with innovative strategies. he gave me 60 minutes on d w. o. ah, imagine that you're eating a hamburger. and as you're biting into this juicy burger,

your dining companion says to you, actually that hamburger is not made from cows. it's made from golden retrievers. should meet. 2 2 2 2 2 2 2 2 in meeting cultures around the world, people learned to classify a small handful of animals as edible and all the rest they classify as disgusting. a dock you series about our complex relationship with animals. the great meat debate. this week on d w. this is deed of the news africa coming up on the program. nigeria decides on its next presidents, but with questions over the credibility of the election ball actionable will be the next leader of africa. most populous country will review the process that brought him in and ask why my jury had its lowest avvo.