demonstrations afraid count across the united states after prosecutors in louisville bring no charges against her base for the killing of 3 on a type 2 place officers have been shot and wounded. more shindy devaney up next business news with stephen beardsley an update on a us bank moving billions out of london in the run up to the bronx it and forget you can get all the latest information around the clock on our website that's dot com i'm rebecca resist in the end thanks very much. every 2 seconds person is forced to flee their home. the consequences than to send us troops our documentary series displaced depicts dramatic

humanitarian crises around the world. focusing we don't think i meant i didn't go to university to kill people and i fully expect that a i mean i hate. people feel for their lives and their future so they seek refuge abroad but what will become of those who stay behind. displaced starts october 16th on d w. banking giant j.p. morgan is moving billions of euros in assets out of the u.k. to frankfurt and says break the trade negotiations are making it nervous and it's not a lot of money lenders we'll talk to our financial correspondent. also on the show paul white says that semiconductor inventories are sufficient despite its blacklisting by the u.s.

not all contents. and will visit hong kong where the new made in china label as local producers concerned about the u.s. market. load welcome to the show i'm stephen beardsley in berlin it's good to have you with us j.p. morgan chase is moving 200000000000 euros from the united kingdom to frankfurt as a result of brags that the shift will make it the 6th largest bank in germany based on assets announcement comes as britain and the e.u. continue to informal talks in a post breaks a trade deal with the mid october deadline looming many u.k. based banks are concerned they won't retain past bring rights and trade deal j.p. morgan also informing 200 london staffers they may need to move to european cities including frankfurt paris along and madrid. right let's go to our financial correspondent chelsea delaney for more on this she joins me from frankfurt chelsea good morning what's prompting this move exactly. obviously bracks that

is the main driver of this so a lot of a lot of international banks are facing a significant amount of uncertainty now due to the exit situation so right now a lot of banks can can basically operate interchangeably between europe and the u.k. but after the exit period expires after we moved in to this 2021 period if the u.k. and europe don't reach a deal on financial services particularly which has fallen much down the list of priorities. in the u.k. could could certainly have their access cut off to the european markets so that's really the big concern now is what what kind of access will they have in europe if if a deal isn't reached on financial services and if you're if you're a j.p. morgan you may not be able to really access clients and in the in europe so that's definitely a big driver here you know the j.p.

morgan is not alone of course what is the balance in the baking such response to bragg's it hasn't quite been a mess. no it hasn't been the exodus that everyone is predicting you know when banks that happen people are saying. 100000 banking jobs something something more around 10000 at the most right now that likely will increase in the coming years but. london is still very much the global the financial hub of this continent it offers a lot of services that european banking hubs really can't right now so there's really no other option for a lot of banks or a chance to delay me with us from frankfurt thank you. and let's go over to china now or telecoms your supplier while way has been holding an open house in shanghai novelty and of itself given the pandemic and for huawei an opportunity to show that despite u.s. sanctions it's still alive and kicking but behind the scenes the picture might not

be so rosy. the annual huawei connect show in shanghai is normally the venue where the company shows off its latest gadgets to traders and customers but this year's extravaganza is overshadowed by the question of whether or not the chinese electronics giant is even able to turn out smartphones computers and network equipment in commercial quantities now. u.s. sanctions mean huawei has hardly been able to source any microchips since the middle of september. nonstop suppression from the u.s. government has brought a lot of pressure on our operations we're still evaluating the consequences but survival is our goal. the problem is that u.s. producers aren't the only ones to have stopped supplying huawei the u.s. embargo against the company it accuses of espionage and being a tool of the chinese government has suppliers worldwide shying away taiwanese chip

makers currently showcasing their latest developments on the semi con taiwan trade fair have also stopped supplying who are away for the beginning of september the chinese champion was still buying up microchips wherever it could find them but inventories are thought to be running pretty low now but that also means chip makers in taiwan which beijing regards as a renegade province have lost one of their main customers. from the high tech sector there to a very old fashion one to bangladesh in particular with a centuries old tradition of weaving is hanging by a thread modern garment making has largely replaced the practice but now it could be finished off by the hard economic choices forced by the pandemic. things were bad before the coronavirus crisis hit the lives of bangladeshis traditional weavers hanging by a thread who had put 20 kilometers from the capital dhaka it was once a hub for to dish no weavers employing 12000 people but some 4000 looms now just 3

dozen remain. together though i didn't teach my sons weaving because it is a lost cause despite our centuries old heritage there's no bank loans or anything that's why i don't want to. bangladesh because one of the world's largest ready made garment exporters machines have now replaced the centuries old business cloth for the wrongs and salaries can be made for a fraction so traditional weavers have been left with no alternative but to seek out the work these guys are maybe i can make 500 to 700 taka in half a day pulling a rickshaw out have to sweat it at the loom to earn the same amount for one of these guys a little for many year a few dollars can make a difference and the coronavirus pandemic is making that choice even clearer much the detriment of an age old business a traditional we fing. and out of some of the other business stories making global

headlines california's governor says he'll ban the sale of gasoline powered cars by 2035 the 1st in the u.s. carmakers honda and ford applauded the announcement general motors criticizing california is the largest car market in america giving it considerable weight against automakers the state is fighting a broad swath of forest fires that have been linked to its increasingly dry climate . social media talk is asking the u.s. court to freeze a ban on his american operations said to enter effect this weekend u.s. president donald trump had already postponed the ban by a week after u.s. companies agreed to take stake in the company and take talks as the ban is motivated motivated rather by trump's reelection campaign. back to europe are rising infection numbers in some countries there have prompted fears that further lock downs could be in the cards. dread have already imposed tourist directions in areas of high infection that's a blow for businesses which have been allowed to stay open but now find themselves

with no customers to serve. this banner says everything will be alright residents in caravan chel district are supposed to stay at home now that quarter one of those that have been placed under partial lockdown following an especially high number of new coronavirus infections their people are only allowed to leave home if they have to go to work yet restaurants and shops are supposed to stay open a huge problem for business owners. telling me to stay open telling the people to stay at home what do they do this year someone needs to tell me how i can cover my costs and then they expect us to pay taxes but we can't but. we really feel the consequences of the partial lockdown we're not selling it seems like people are afraid they don't even stop by. it's a bit contradictory since lots of people are on the street. the

complete lockdown in spain at the start of the coronavirus pandemic pushed many bars and restaurants to the brink of bankruptcy most of the owners have run out of financial reserves and the rapid rise of new infections is crushing hopes that the current 2nd coronavirus wave will be over any time soon. made in china it's a ubiquitous tag on clothing and goods around the world now in the u.s. it will also be added to products made in hong kong that's washington's latest response to a new chinese law that has curbed freedoms on the island for local manufacturers they're trying to preserve their own identity the measure comes as a blow. kong reports from hong kong it took a step to assemble hundreds of tiny components that's how it's done because to be on watch a snake. founded o'bryant a decade ago the birthplace of these high end time pieces. is also in craved.

but as the clock is taking the label off. will have to be replaced by made in china in 2 months and the u.s. based its order to refocus hong kong special trading status because in france for us just because of the work. we try to. do to show the stress if it were your bread and also for the back of the for policy changes that i did to double or triple the whole cost also always of a lot higher hong kong is a member as a separate customs territory the new labeling policy is only one of the serious u.s. countermeasures against a political people in the financial part of the city's 2nd largest trading partner is ending a decades long preferential treatment for hong kong because obviously road autonomy following the imposition of a national security. veteran manufacturers simon oneself is to us as

products have long been pumped amount of nostalgia communities and missed the taste of hong kong a 2nd chance. but now it's a bittersweet business the latest policy and other reason for him and many others to do couple from the u.s. market. being caught in the hurricane would be. getting worse and worse. is. exploring our markets to other countries we are also souls in products from europe from other countries. and we don't want to. risk. also plans to relocate vestment including shutting down his new york office by the end of this year as a bread we have very specific characters that hong kong has to merge all. of the cultural ah the historic well we have to seek different golden opportunity inside

this caliber earthy images that we have to have a very strong determination also have a very strong spirit to keep carrying on to do to try to show the beauty of hong kong all over the world changing to tech origin could mean losing a quality trademark and a higher tariff photo watchmaker is not only money but also hong kong unique that's fading identity. here's a reminder of the top story this hour j.p. morgan chase is moving billions from the u.k. to frankfurt and it said the 200 staffers made the channel as well. as an uncertain terms. for me in the business to buy stuff.

there's a little society event in the labor market versity is calling for the gender of the ethnic background. orientation health of the military should be the deciding factor in career success. we talked to the human resources director is diversity just lip

service to the reality made in germany. next. what secrets lie behind. discover new adventures in 360 degree. and explore fascinating borders heritage sites. w world heritage 368 getting apps now. we're all different even though at the same time we're all basically the same where fashion from a maryada factors like age ancestry gender.