now as a reminder of our breaking news to sell us house of representatives has voted to remove republicans vacant. kevin mccarthy. it fell as a motion by the hard rock faction of these own potty coffee. you had a good party members over the weekend when he worked with bravo democrats to avoid a government shut down if you're watching. definitely news. they definitely business with chris cub is up next. looking at how rising at the mccord sense that sentiment in germany's a good half attempt to go to the futurist the global economy, our portfolio dw business be here's a closer look at the project. to analyze the flight for market dominance. with d w. business beyond the the

is it is someplace power and key, more people than ever on the move world wide and such are based on life. i suggested in cardboard, that's on the left side of the image and find out about bailey story. info, migraines, the to be collected billions of dollars, but the money is gone. and now the sand bank, then freight is facing over 100 years in jail trial against the following crypto star starting we'll hear from our correspondence what impact the scandal has been having. and also coming as germany is celebrating 33 years of reunification. we take a look at how rising panting migrants sentiment to the east of the country could

have her as a countries attempts to desperately needed workers from abroad. of course cobra, welcome to the program. the trial of the former crypto 1000000000, harrison bank and for you, it has begun in new york, the founder of the fed, corrode quicker, c brokerage f t. x faces a possible present term of more than 100 years. if he's convicted a federal fraud and money longer charger's case has brought fresh focus on the crypto industry, which has been placed by a raft of high profile bankruptcies and question marks about risk to investors. prosecutors choose the 31 year old of stealing billions of investor dollars to fund everything from political donations to lavish, real estate purchase this quarter as following this story for us in new york. yeah. and tell us what happened today. so yeah. hey, chris,

i mean it is definitely a pretty high ranking or casey or is it hot and it states that actually is one of the biggest fraud cases financial 4 cases in the history of the united states to today and starts with a jury elect, the selection and then the prosecution has about the 4 weeks to present their case . the defends probably will take another one to 2 weeks to make their case. and i mean prosecution at the end of the day, they have to prove that the head spin intend to about it. is definitely a high ranking case so that we're going to deal with was the next, the roughly 6 to 6 weeks to, to months. yes, us, i'm back when free just being accused of stealing billions of dollars from customers of his group to exchange. how exactly did he do that? according to prosecutors, according to pro. yeah, well, i mean, chris, we're talking a roughly about $9000000000.00. um that customers some are missing. so some of the

money is supposed to be is used by a certain bank from free to, for his personal lifestyle, about $210000000.00 for real estate projects in the, in the bahamas. but then also the offense affiliated to an hedge fund, allow me to research, actually also made some better bets until couple of those. so some of the money from the customers got to used for that. that's at least what the prosecution is saying. and they seem to have a pretty strong activity. so because one of the weaknesses is actually the x c o. off allow me to research. she pleaded guilty a couple of months ago. and she also has been the ex girlfriend of i'm so i'm thinking for it and yes, personally, and how has the scandal been impacting the group the world infecting because the work? well, i mean, if i look here at the united states, i mean, clearly was all the legal problems was all the scandals send f t x and same thing

and freed has not been the only scandal in the crypto world in the past a couple of months that has aside the way, some investors, but on the other side, if i look at the crypt though, their currencies take bitcoin, for example, they have not really suffered. so obviously they're worldwide. there's still a lot of people investing heavily into the crypto world besides them, all those scandals. we're talking about. yeah, it's cold in new york. thank germany. you're celebrating 33 years of re unification. but people living in the former east, germany continued to earn less than their peers in the west. last year, the average salary in the west was 58000 heroes compared to 45000 years in the east, according to the federal sadistic office. and the difference has been growing in recent years. and when we look at the unemployment rate, well it is lower the west at 5.4 percent compared to 7.4 percent in the used last year as data from the federal employment agency shows. but that could change

u. s. tex giants like intel, t as in c and as a p sort of more mites and germany's east has a tend to create more jobs. now work is needed to fill these vacancies are not always found in germany. in fact, the country needs skilled laborers, laborers from abroad as germany's population is ranking. at the same time, right, we populous parties see emigration as a threat. i send them in particularly persistent in the east of the country. fatima dar bar hills from india a now runs a co working cafe into is did she opened the place after feeling an easy with the rise of anti immigrant feelings in her city? or festival? a goose think it was really important for me that people who come from other countries could meet german and no kids here and integrate with him. just as integrated world class in may attract torres from across the world. the city has

a dark side populist for right parties are very popular here. the prevalence of anti immigrant sentiment coincides with an increasing number of refugees in germany . many people feel overwhelmed seem to feel them. there are too many and our grandchildren will some day be the minority visual i would actually send them back home. they could stay in the own countries. they have a different mentality. the anti immigrant sentiments are more wide spread in the states located in former east germany. in the day of a bundle of the german democratic republic, the g d. r was less marked by immigration than the federal republic of germany in west germany. it was a slow, a process of extra mitigation to migration that it was less immigration in the g d, off with the kind the few immigrants what isolated innovative fund. cuz i know there wasn't much of an opportunity to get used to immigration in east germany by

chance the when it came to us. but germany needs skilled migrants. charges the are the is on pakistan and works for chip maker infinity. and he moved here for his studies and stayed 15 man for example, in my team, there are people from different countries like pakistan, india, nigeria ran to egypt, germany and bangladesh or the that's all diverse. my team is the maintenance of the company recruits and supports international talents, infiniti and infinity, and building to see if migration is a threat at all. on the contrary, we see migration has an enormous opportunity that makes us society move diverse. we get many ideas from other countries. we welcomes us and garcia. emigrants are not a threat to the country. that's a consensus among the majority of labor market experts. in the next 10 years,

there will be a vast labor shortage. as baby boomers retire emigrants are needed to fill the gap . the aging population will leave section in her co working cafe for tomorrow is working hard to make others feel at home here. and some of the other global business stories making news. facebook and instagram years in europe may soon have to pay if they wants to browse ad for you. versions of the social media platforms. parent company meadow says it's exploring a plan that would charge people as much as 10 yours a month. you know, mosque is facing a defamation lawsuit, after amplifying misleading posts on his media platform. x formerly known as twitter, mister musk is being sued by matter, says he was a ras. harassed after the millionaire shared post falsely placed him at a confrontation with fall right. protesters trading and crisis

a chinese real estate joined. our brand has resumed with chairs initially jumping more than 40 percent trading, the firm was suspended as news 1000000000. their founder was being investigated. the stock market valuation has fallen about almost 99 percent since july 2020. let's take a closer look at how germany is trying to direct to workforce from abroad and what might be hidden during these attempts with ryan crop. he is the president of the holler institute for economic research. welcome to dw, how much migration does the german labor market? does germany need a lot a lot. um, if you look at the numbers uh the projections for the german labor market, then uh about one percent of labor force. so round about $400000.00 people will next to the pop the labor market. i was actually was numbers. so

$400000.00 per year in the next 1015 years, which has to do with the, with the high growth rates in the fifties and sixties. and saw ichard was they all arrived. you know, germany would need migration that migration off a 1000000 medium and a half people because obviously people come with their families, kids, etc. they're not going to be available for the labor market. so we're talking about very, very large numbers which become even more problematic if you think that you know the surrounding countries around germany and many other countries in the world of similar problems. the question who is coming to germany has been on the minds of many people here in the country? why do you think that far right groups like the, the, the alternative in germany who are known for their anti migration attitude, find so many supporters, particularly in the east of the country even 33 years after re unification.

by even basis. very interesting coordination, of course, if the shape of foreigners are very low, the impact phones and tremendous verify. so the higher the, the actual foreigners are immigrants the higher the share is, the more favorable the environment. and these, jeremy, this just simply, historically much fewer far. but actually i do not think that at this point in time, the main reason for the resurgence of the a f d. s migration. but it's more of the perception that the current and government consisting of, with the means, the liberals and, and the s p, the are just not very capable. they're just not very capable in dealing with the admitted the many problems that driver the have any i think it's the general anti crime and government for more than an anti migration. and you're watching the

entire conversation where the line cops all the dw youtube channel, that's a, that's our show for now. thanks for watching. underscore brambl and have a successful day the

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