bars and restaurants will only be able to serve takeaway. you're watching to w. news from berlin whose mother cook is up next with all the latest business news should be looking up the latest in the breaks that trade negotiations i'm sorry march and thanks for watching. it was the 1st international tribunal in history. the number of trials. of 75 years ago high ranking officers of the nazi regime born in judging by the allied forces. were the 1st war criminals to be held accountable for their crimes free to

. come back and bite it count them i'm. going through don't care if you use the phrase you're. our 2 part series the 3rd right the dog starts nov 12th on d w. we hunt to conclude account of the stalled free trade agreement but as things stand up will not. britain prepares for a no deal breaks and what does that mean for u.k. business as we go to london for the latest. also coming off in your business news as u.b.s. post a double all 3rd quarter profits will ask if the pandemic as being good for the banking business. and to venetian glass blows in morocco struggle to whether the

coronavirus technique. but come to do business on one of the johns and the to have you with us. the head of the bank of england andrew bailey paints a dreary picture of the britain's economy which shrank by 20 percent in the 3 months to june that's the biggest fall of any large advanced economy in the view of the coronavirus pandemic bailey warns the u.k. faces on president and level off economic uncertainty and things could get even worse should there be a no deal breaks it talks between london and the e.u. a stalled and with a transition period ending on the 31st of december the clock is yet again ticking a lot is at stake almost half of all british imports come from the e.u. and the other way around 46 percent of all british exports go to the e.u. and that's making the e.u. britain's most important trading partner and that's all gone if there is

a no or no trade deal in place by january the 1st for more let's bring in d.-w. charlotte potts who is standing by for us in london shouted good to see you know we know that british business is already weighed down by the coronavirus pandemic what's the mood among companies there right now. well business says he absolutely alarmed by the prospect of a possible new deal at the end of the year and they are already saying they that they have so much to pay even if there was a trade deal in place so they are urging the government to be serious in these negotiations and in the end now find a very comprehensive trade deal that would help them as you said british business is already struggling from the coronavirus pandemic and from the subsequent lockdown in the spring and now they are facing this triple threat in this upcoming

winter the resurgence of the virus then strict lock down rules throughout the country and on top of that the prospect of breck's it or of a possible no deal breaks that at the end of the year is so right the british chamber of commerce was not very impressed with the government's handling of the situation and said it was posturing of the government that they should stop with the deadlines and that they should really urgently pursue a trade deal now the government on the other hand says that business really urgently should prepare for the possibility of a no deal breaks and what exactly are businesses supposed to do. well the government is launching a huge complain this week time is running out explaining the new customs rules to british business and what they need to prepare for now this is only part of the deal this would be if a trade deal was in place because of course there will be significant changes even with that at the end of the year the u.k. is leaving the single market and the customs union now on top with

a no deal breck's they would have to prepare for tariffs and quotas they would have to prepare for disruptions possible disruptions at the border some of some businesses would have to stockpile what they are selling the imports they are getting so really a lot to prepare for and half of british businesses say they are definitely not prepared for it at the moment and of course the government blames the e.u. for that situation let's just listen in to what the cabinet minister michael gove had to say parliament yesterday we have to conclude account of the free trade agreement before the transition period ends on the 30th of december this year but as things stand that will not happen we remain absolutely committed to security if theory but there does need to be a fundamental change in approach from the e.u. the process is to get back on track so the ports in london and no deal breaks it is likely but

a deal is still possible and we only have 8 months to go before the transition period ends what's a business rooting for what's the most likely outcome. likely 2 and a half months to go and of course british business wish there was no bricks said all that there was a an extension through the transition period set and set the end of the year but all of that is wishful thinking they know and i think the reality has sunk in that this is going to happen with a trade deal with it and i think british business leaders have been saying here is that they need clarity right away what they need to be prepared for especially small businesses already hit hard from the pen demick don't know how to prepare at this point and just don't have the resources so they urgently need clarity and help from the u.k. government to prepare for the end of the year and puts the reporting from london for us thank you so much. time now to take

a look at some other global business stories making news. ireland is in for another economic shock as the country prepares to move to level 5 code restrictions from midnight on wednesday under the 6 week lockdown all non-essential businesses will be forced to close. china is creating new billionaires at a record pace despite the coronavirus economic downturn the her own china rich list 2020 shows more wealth was created this year than in the previous 5 years combined the combined wealth of those on the list totaled 4 trillion dollars that's more than germany's annual g.d.p. . chinese ride hailing from d.d. shoe shopping is considering going public in hong kong an i.p.o. said to raise over $60000000000.00 as planned for next year and would replace a plant listing in new york amid rising sino u.s. attention is backed by technology investment giants softbank alibaba and 10 cent.

the world's largest loss manager u.b.s. doubled its profit in the 3rd quarter to 2 point 1000000000 dollars most of the boost came from its investment banking activities the swiss bank appears to have swiftly recovered from the effects of the coronavirus pandemic the previous quarter u.b.s. posted an 11 percent drop in profits and the bank is by far the world's biggest asset manager with almost $2.00 trillion dollars under management. of a mall it's bringing financial market correspondent chelsea delaney in frankfurt good morning chelsea so u.b.s. profit is doubling under the bank managed to do that amid the pandemic. well it's really working in u.b.s. this favor they are the bank of the wealthy you so very relieved benefiting from 1st off the big boom and trading that's really lifting a lot of banks they saw trading revenues so trading of stocks and bonds among their

clients that was up about 40 percent in this quarter and they also were able to bring in a lot more money from wealthy clients for their asset management business as well so even though they are facing other threats the obviously the economic impact of the coronavirus the low interest rates around the world they are really being boosted by the activity among their wealthy clients so u.b.s. is profiting from wealthy clients so what's the broader picture for the sick old bungs doing this well there's definitely a split in the banking sector and it to some degree reflects the split we've seen in the broader economy of banks that are very much focused on on the wealthy on trading on on asset management and investment are doing really well we've seen this in the u.s. for more banks have reported already goldman sachs j.p. morgan these really big asset managers investment banks are doing very very well

they're posting record profits they're expected to earn about $100000000000.00 in trading revenue this year but the other banks the ones that are more focused on consumers on on on sort of day to day retail lending those are getting hit harder here in europe there are many things that are more focused on consumers than on the retail on retail banking and that's where we're likely to see these loan losses and more defaults and that's going to pressure the outside of the big sector so it almost looks like a k. shaped recovery even in the banking system to tell she did ladies thank you so much . other coronaviruses threatening life the hoods and then his fame to center of glass blowing that's morano the island vanished depends on tourism but the pandemic has put a stop to that the artisans there now are hoping it can hold out until the crisis and it's. these days only one furnace is still blazing in the vineyard glassworks

in murano a listener of the tolleson his apprentice are addicts in the art of glass blowing normally tourists flock to murano to watch these blobs of molten glass being transformed into pitchers and vases but with the coronavirus few are coming to buy the creations. of the normally we'd have 252300 visitors a day at this time of year to look at it now there's practically no one walking with the flu we're not used to the silence it's frightening but we're told. before the pandemic there were 8 workers at each furnace but since march the company's earnings have fallen by 80 percent keeping a furnace going costs $10000.00 euros a month during italy's lockdown more honest workers got state aid but now most of them are on reduced hours and they're worried things will get worse because they don't think if this doesn't get solved quickly many of us will have to leave forever we hope they'll be a solution soon for us all by brace. morano

a series of islands in the venice lagoon is famed for its glass blowing today it's done by around 250 workshops some of the may have to shut down tourist numbers have plummeted and residents fear for the future. morano is perishing. if i did hey took the words right out of my mouth is that the man he was a master glassblower for 40 years and this was a happy island and everyone is a laugh really. us old still a i think a solution would be to pay subsidies to the glass blowers you know what it is is a cultural heritage that we need to maintain but they want to do alegate on $1.00 thing all. 'd the nation glassblowers have passed on the secrets of their forms and colors from generation to generation for centuries now those secrets are in danger of disappearing it is go the lot of the doors on the current situation that is that an art with a nearly 1000 year history is slowly vanishing but unfortunately it costs money to

keep the tradition alive on a more on those glass blowers are trying to hold out until the crisis and continuing to form their molten glass as they've done for centuries. and here's a reminder of the top story this hour. britain prepares for a no deal breaks it as it claims the e.u. for stalling talks u.k. business is worried expecting yet another shock on top of the ongoing. messy business after this album from me and the team in berlin thanks for watching .

america's alexion crisis. voter suppression of electoral districts manipulation and countless donations. time to hard fast sinister tools in the fight for power. is there a way out of the election james. close up. next on telling.

me there i'm david and this is a climate change sex. happiness increase books. this is the book for. children smarter birth free books. it's 2016 and karen wilson mccoy a geriatric nurse from north carolina wants to cast her vote in the midterm election the budget gone bad 1st on average a good citizen 60 points memo coming out of the of the senate not something was up because i got to reregister because i'm i'm no we're in a system they're not making.