but how does the country cope with the many call unsustainable production of kamel . this is business and. thousands 1 of rich residents in hong kong opening bank accounts in singapore and other financial centers as protests spoken about the territory's future international banks including u.b.s. h.s.b.c. and credit suisse all reported shopping creeds 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 and. well let's go straight to singapore where our financial correspondent andrea hang is standing by there 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 is especially to a rival financial hub is going to put a dent in their reputation as well and was still in their 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 same wealthy asian families off hearing 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 their legal system earlier than the 2047 deadline that was stipulated now and 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 us hughes in the country of not complying with the w g 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 austrian products were illegal to be

removed did not happen now china is every cio 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 reported outof a global total of $494.00 so-called unicorns 206 of them are located in china today ali baba affiliate and financial and right hailing giant d.d. choosing 203 unicorns are still based in the west and will be in b. co-working space operator we walk. beaches right out of paradise from the people cultural which is fantastic food oh well the thailand has long been

a tourism hot spot in asia but this year numbers are on the decline in particular the chinese are staying away holiday took 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. they get 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 bought another is the u.s. china trade dispute 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 you have modest allows more coffee shops and that's neat because i need 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 so raising some eyebrows in malaysia because the country is the world's 2nd largest producer of the 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 hector palm oil plantation now. 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 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 idea probably lobbies are very very strong and very focused one of the problems we face with the n.t. palm oil lobby is that these lobbyists do not make an attempt to differentiate palm oil coming from different from he said 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 is 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 lim 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 malaysians rain forest he's concerned about these 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 the groups in malaysia who are like myself who are trying fighting to save the forests or whether you 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 alan qantas has completed the longest ever nonstop commercial passenger flight this week after 19 hours and 16 minutes the boeing 787 dreamliner landed instead it was part of a test to assess how also long haul flights affect passenger jet lag and crew city to give the planes fish and fuel range the aircraft has taken off in new york with a full tank restricted baggage load and just 49 people on board. japan's exports have fallen for the tense consecutive months signs of a deepening impact of the us china trade conflict and its own ongoing dispute with south korea and september overall exports dropped sharply over the same month last year amidst slowing business with key trading partners exports to china dropped 6.7 percent and those to the u.s. almost 8 percent and with the u.s.

threatening to introduce levies on japanese cars the future looks even less rosy. oh sure 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 yacht was among the assets of fugitive financier low tech joe and allegedly board with money taken from $11.00 m. g.b. now closed fund at the center of a multi country multi $1000000000.00 money laundering probe the infamous yacht is 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 chancy fortunately 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 fund so if you have a bit of change. i called it and that's it from me and the business t m a burl unfold more business news stories and features check out steve w. dot com slash business also follow us on social media if you told me to. stay tuned to the here's a quick look at global markets this. mob

. the 1st.

plane of the future. it should be quiet as well as energy efficient. it should be a mantra. hybrid cars. and have an aerodynamic design. plane ever be environmentally friendly. to borrow today and 30 minutes on t w. e takes put personally. with all the wonderful people in stories that make the game so special. for all true fans follow. such a. tough more than football online.

and i'm game with the brand new w violence books it's personal it's divisive and it's about topics that affect us all out of solution climate change and the turn. of the offense shut out. the. luxury kind the mirror humans are exploited and animals cruelly slaughtered big brands have committed to fair working conditions and sustainable production but who is monitoring the subcontractors and investigative documentary goes to italy and china close behind the glamorous facades of fashion houses luxury behind the mirror starts november 5th on d w. this

is d w news line from berlin britain's big wrecks of boat put on hold again the speaker of the parliament refuses the government's request of what brought prime minister boris johnson's new threats a deal to a vote will go to london for this latest twist of the breast said saga also coming up lebanon's government approves sweeping reforms to meet protesters demands mass anti austerity protests have brought the country to a standstill now the prime minister tells his people.