goals but how does the country cope with what many call unsustainable production of promise. this is business as a. as welcome thousands of rich residents in hong kong opening bank accounts in singapore and other financial centers as protest sparking zaya to about the territory. international banks including u.b.s. h.s.b.c. and credit suisse all reported shopping prints and home phone customers opening overseas accounts that's according to the financial times report by sachs shows as much as $4000000000.00 u.s. dollars in capital may have headed to singapore ready because of the ongoing unrest in hong kong. well let's go straight to singapore where our financial correspondent andrea hang is standing by 4000000000 it sounds like a lot of money how significant is this drain for hong kong is that already palpable . it's

a very big deal because you know financial services actually make up a 5th of hong kong's g.d.p. so losing billions of dollars especially to a rival financial hub is going to put a dent in their reputation as well and was still in the financial standing as well with lowering its credit rating for hong kong now meanwhile over here in singapore all wealth consultants are receiving an unprecedented number of inquiries from wealthy families in hong kong to not just move their money but themselves and their families to singapore and it's understandable a lot of 8 all of these asian fam wealthy asian families are feeling for the stability all their money in an unstable city well if the the situation in hong kong comes down is it likely that the money will flow back. well the fact that a lot of these clients are looking to start moving their money or we shows that the looking for hong kong to suffer for quite

a long time but there's another reason why hong kong wealthy families are upset and that's because of the possibility that home kong might change that legal system earlier than the 2047 deadline that was stipulated now in investors obviously don't want to you know put their money in a place where this system is may not even exist as long as the expected and stability is very important to such wealthy families. in singapore thank you very much. another chapter in the never ending trade war between the u.s. and china and tariffs again are taking center stage china is seeking $2400000000.00 in retaliatory sanctions against the u.s. accuses the country of not complying with the w t o ruling dating back to the obama years when the world trade organization ruled that u.s. tariffs on chinese solar panels and some other products were illegal to be removed

to not happen now china is also deputy go to step in and allow for financial restitution. well 1st time ever china has more startups valued at over $1000000000.00 than the u.s. that's according to data by a market researcher who ruin reports outof a global total of $494.00 so-called unique homes 206 of them are located in china ali baba affiliate and financial and right hailing giant d.d. choosing 203 unicorns are still based in the west. be and be co-working space operator we walk. the beaches right out of terrorize friendly people cultural witches and fantastic food though while the thailand has long been

a tourism hotspot in asia but this year numbers are on the decline in particular the chinese are staying away holiday book it has been hit especially hard. for years paddling beach was one of the most popular beaches on to catch thailand's island paradise welcome to millions of tourists every year but this season the beaches felt remey and then usual. i think it's since june it's been the same every month it's. coming here for 15 blows season should not never seen anything as bad as what it is at the moment local tourist associations say visitor numbers have fallen by up to 30 percent on the island in particular one of the largest groups chinese tourists one reason is the strength of the box another is the u.s. china trade disputes which hotel owners believe has made the chinese more cautious about spending money in terms of business it's not good. yeah because you know more

business we we we have more hotels more rooms to say oh we have smartest alone small coffee shop and yes i mean becoming a lady. now thailand is hoping to attract more tourists from other countries like india for example this year 25 percent more tourists came from there than usual thanks to a growing middle class and that could be the solution when it comes to filling those empty hotel rooms. palm oil is a key ingredient in many processed foods and has been linked to rainforest destruction as well as climate change that has led the e.u. for example to phase out imports of all for biofuel it's raising some eyebrows in malaysia because the country is the world's 2nd largest producer of paul a government that now says it is take of efforts to accelerate sustainable development for the local industry. every single fruit is valuable

yesterday the harvest helpers were here now saw the man hariri is gathering the fruits the fell on the ground there very bright so he can get more money for them he's the proud owner of a 5 hectare palm oil plantation. i know that europeans think badly of palm oil. but it has so many good sides that you people don't know about. the oil is healthy the trees are robust and we're much more environmentally friendly than people think. as he carries out his inspection round he gets some news that shocks him the e.u. plans to phase out palm oil based biofuels by 2030 hariri thinks the decision is absurd he says now his fast growing oil fruit will be replaced by sawyer rapeseed

which he calls worse for the environment. palm oil has been called malaysia's golden crop. it's lifted farmers out of poverty and spur of the malaysian economy in recent years in the capital kuala lumpur at a meeting of big palm oil companies the e.u. decision was the dominant topic the producers say war has been declared and they have lost. the energy problem lobbies are very very strong and very focused one of the problems we face would be on the palm oil lobby is that these lobbies do not make an attempt to differentiate palm oil coming from different music nations and we have already always stated that malaysia dusted differently at this oil mill the loads of palm fruits arrive by the minute this is production on an industrial scale malaysia is the world's 2nd biggest producer of palm oil after in the nisha. the fruit pulp that separated from the kernel to be pressed then the oil goes to

a refinery to be processed into cooking oil or bio diesel. on the outskirts of kuala lumpur a limb tech when takes a look at one of the sites that infuriates him this new home construction site was rain forest just a few years ago a unique ecosystem. but although the forestry expert with the organization the rescue is committed to preserving malaysian's rain forest he's concerned about the ease attitude. unfortunately palm oil is a fact of life and forests are continuing to be developed now the question is whether or not the e.u. countries in the e.u. will work with groups in malaysia who like myself are trying fighting to save the forests or where the e.u. would just say sorry and disengage and say no the malaysian government has pledged to keep 50 percent of the land covered by natural forest but environmentalists like

lim tech when believe that more forest is making way for plantations than people realize australia that i'm qantas has completed the longest ever nonstop commercial passenger flight this weekend after 19 hours and 16 minutes the boeing 787 dreamliner landed in sydney it was part of a test to assess how also long haul flights affect passenger jet lag and crew fatigue this was to give the plane's vision fuel range the aircraft it's taking off in new york with a full tank restricted baggage load and just 49 people on board. japan's exports have fallen for the tests consecutive months signs of a deepening impact of the us china trade conflict and its own ongoing dispute with south korea in september over all exports dropped sharply over the same months last year amidst slowing business with key trading arms exports to china dropped 6.7 percent and those to the us almost 8 percent and with the us threatening to

introduce levies on japanese cars a future looks even less rosy. before i let you go if you happen to be a person with what i call finished wealth accumulation and if it so happens that you are looking for a new maritime home maybe i'd like to direct your attention to the following offer it's called tranquility and it is on the market again for a reasonable $200000000.00 the super bowl was among the assets of fugitive financier low tech joe and allegedly board with money taken from one a one m. d.b. that now closed fund at the center of a multi country multi $1000000000.00 money laundering probe the infamous just over 90 meters long has a model clad interior a turkish bath a 20 need a swimming pool of course and the obligatory passage. that it's being put on the market by the malaysian government which sees the boat last year

following its pledge to recover all money stolen from the phone so if you have a bit of change i called it and that's it from me and the business team here in berlin for more business news lots of background stories and features check outs d.w. dot com slash business also to follow us on social media if you don't need to. stay tune to w here's a quick look at global markets at this hour thank you very much for.

plane of the future. it should be quiet as well as energy efficient. it should be a mantra for hybrid cars. and have an aerodynamic design. plane ever be environmentally friendly. to borrow to dick 90 minutes on d. w. . take a trip on a us go christmas market hopping with g.w. in cologne and will go up to town by airfare and hotel are included for you and a guest. just tell us which german street is your favorite. what's the most beautiful place in germany. what would you like to explore most to enter check in at g.w. dot com slash travel good luck and enjoy some more lying. to

your friends dear antonio here's a scene this is opposite us i'm sitting on the terrace. one minute it's peaceful my 3 grandchildren sleep on trouble and that's when i was a trances age germany was split in 2 and remain divided for decades to. live on what was your mother was born in 1969 the world was already 8 years old when my grandchildren were born after the wall fell born in a very unified germany the wonderful time a time of great joy. 3 generations one family on a journey through recent german history. live it. starts november 6th on d w. this

is d w news live from our land lebanon's government approved sweeping reforms to meet protesters demand massive anti austerity protests have brought the country to in standstill now the prime minister tells his people we hear your anger and we're taking action. also coming up undressed in chile where the rioting continues even after government concessions protesters say they want to general strike and just the bundesliga it's getting crowded at the top after shell to miss their chance to seen.