And dont forget theres more on all our stories on our website bbc. Co. Uk news. Now on bbc news live to singapore for Asia Business report the ban on Wearing Masks defied. Hong kong enjoys another weekend of violence, shutting down businesses already heard by the ongoing protests. The head of tata motors says indias Auto Industry has hit a speed bump. Could electric car production get it back on track . Good morning, asia. Hello, world. Its a monday, glad you could join us its a monday, glad you could join us for another exciting week ahead on Asia Business report. We start off with hong kong, the territory is cleaning up debris up tens of thousands of protesters took to the streets over the weekend in defiance ona ban streets over the weekend in defiance on a ban on Wearing Masks. The emergency law introduced on friday gives the chief executive extensive powers to maintain public order. The globalfinancial powers to maintain public order. The Global Financial hub is faced with growing anxiety over the disturbances. News reports say hsbc is set to cut up to 10,000 jobs and brock silvers says the ongoing u nrest brock silvers says the ongoing unrest is not the only reach for the potential layoffs. Hsbc has a bit of a reorganisation going on and they do have to deal with a top global environment, slowdowns in the us and china. That said, their primary market is hong kong which certainly isnt helping them right now so id say the instability is certainly a factor. The instability in hong kong is one of the. But this is also slowing down the chinese economy. Its a symbiotic relationship. Its not helping the mood in hong kong by the unrest in hong kong is also dragging down our regional markets as well. What about this emergency order implemented by the Hong Kong Government and carrie lam. Is it making you concerned in the Business Community concerned about implementing these emergency laws . It certainly is. On the one hand, its more of a symbol than an actual impact. It will be almost impossible to ban facemasks, for example. We should also gnaw that its executive layout rather than legislative vote which feeds into the anxiety of the protest in community so all in all, id say it sort of looks like we have a hardening of positions. We are not at the point where things are not at the point where things are starting to look better. But with hardening of positions, is this turning off investment houses like yourself and reconsidering moving to another country in asia where the political situation is more stable . You bet. Ithink political situation is more stable . You bet. I think its inevitable. Its undeniable that business finds it difficult to thrive in this sort of environment. Last week Goldman Sacks estimated 4 billion us had been transferred from hong kong to singapore during these protest and i think what see in future Economic Data is we see a lot of investments that arent being made in hong kong and companies that either are or will soon be relocating and that will soon be relocating and that will have a significant long term negative impact. That is private investment manager brock silvers who spoke to me from hong kong. Now lets look at the business calendar and we start on wednesday because the World Trade Organisation will be unveiling its annual report on Global Transit issues regarding trade. Last week it lowered its forecast for how much global trade will expand this year. The group now says the rising trade tensions and slowing Global Economy means they expect trade around the world will increase by only 1. 2 , less than its original forecast of 2. 6 . Also midway, more details on the meeting which held its meeting in september when they decided to cut the costs of borrowing. 0n when they decided to cut the costs of borrowing. On thursday, all eyes will be on washington dc. Trade negotiations between the two largest economies in the world are scheduled to resume but the chief Investment Officer says he doesnt anticipate a broad pact will be reached. The best case is to decide not to escalate further, imposed on the last couple of months, maybe a deal where china commits to buying a lot more goods. But we are hearing reports that china says it will narrow the scope of its trade deal with the United States ahead of these negotiations but President Trump says any deal has to be 100 in favour of the us. So our negotiations done before they even get started with these statements . No, they are laying the grounds, each side is trying to give itself the upper hand when they sit down at the table to negotiate and they are trying to fill each other out which is a standard toy when you negotiate. But over the past year, since negotiations have started, the issues in discussion have been quite vague. Is it still all about intellectual property and transfers . Its starting with the balance, going into intellectual property and tra nsfer going into intellectual property and transfer rights. Its a broader set of things about how do you ensure, as defined by the us administration, free and fair environment, for other companies. Its a broader issue clearly a nd companies. Its a broader issue clearly and therefore, thats the reason why you do not have it in trade talks. Repercussions of uncertainty. Indias automobile growth stories on brink of collapse, according to the head of one of the countrys leading carmakers, tata. Sales of Passenger Vehicles are at a 19 year low and commercial vehicle sales are fallen sharply. We sat down with tata motors chief executive Guenter Butschek who told her why automakers were so unhappy with the current market. We are an industry in a crisis and the actions to be taken in order to get out of the crisis, to actually get to a normal demand situation on the ground in terms of retail requires an inclusive and play of all the players. Youve made comments in the past about how the india auto sector growth story has collapsed. The unique indian growth story in automotive is about to collapse. Why didi automotive is about to collapse. Why did i say its about to collapse . I believe in the growth story, i believe in the growth story, i believe the industry is going to revive faster than we possibly expected it a couple of weeks ago. There is that much demand for mobility in india that there is no doubt in my eyes that india is going to become soon the Third Largest market in automotive in the world. What can be done in order to revive the market sooner . Government has done a great thing in this regard. I think the packages actually tick the right boxes but each item of the package actually needs some time to hit the ground reality. I did not ask the gst reduction, asked for clarity. Now we know gst will remain as is. Customers have accepted and will accept this reality. Now its up will accept this reality. Now its up to us as the industry to actually attract the attention of the customers. With festive offerings. Given the state of the industry, given the slowdown, is the move to electric vehicles at this rate the right road ahead . Its indeed a necessity to build an ecosystem and building an ecosystem in a country the size of india, its a question of investment under one and a question of a shared mission on the other side and even more a question of patience. That was tata chief executive Guenter Butschek speaking to the bbc. Shifting our attention to the bbc. Shifting our attention to other Business News making headlines, negotiations for a new 4 year labour contract between General Motors and its striking workers took a turn for the worse on sunday. The United Auto Workers were just had the largest latest offer. Workers walked off the job three weeks ago after the demands went met over better pay, benefits and job security. Both sides say the negotiations will resume. A pending lawsuit in the United States over the bayer round up side has been delayed, the company saying it expects to head back to court in debris of 2020. A mediator is trying to negotiate a settlement between the firm and us plaintiffs after a california jury found last year it should have warned them of alleged cancer risks. The french president says the eu will decide at the end of next week whether a brexit deal is going to be possible. Boris johnson, who set out his proposals last week, said the eu should not lowered into inking there will be a delay to brexit on the 31st of towbar. Thinking. The law asks him to request one. 0ctober. Lets look at the asia pacific markets. Japan is marginally higher. Australia up by 0. 5 , mirroring the gains on wall street. Thank you for investing your time with us. Sport todayis investing your time with us. Sport today is coming up next. This is bbc news. The top stories this hour police in hong kong have fired tear gas at pro democracy demonstrators, and arrested some protestors for defying a law banning face masks. And a second whilstleblower has emerged in the controversy with President Trumps phone call to his ukrainian counterpart, where hes accused of asking favours to dig up dirt on his rivaljoe biden. A rapper who was attacked backstage at a bbc music event last night has told his supporters hes well and will be back in no time. Krept, whos 29, suffered a slash wound at 1extra live in birmingham the rapper krept, suffered a slash wound and was treated at the scene. This morning he tweeted a message thanking supporters and saying he is good and will be back in no time. Chi Chi Izundu reports. Nearly 16,000 people have ducked out the birmingham arena for this event. But the gig was abandoned mid event after an artist was slashed backstage with an unknown weapon and police have made no arrests. The artist in question is krept from the rap duo krept. They went down to perform but i1 of the biggest act in music. He was treated on the scene. In his instagram page, krept thanked his fans and said it is understood there were security concerns ahead of last nights gig and double the amount of security was put in place. The artist and their entourage went through the same airport stop security checks the defensive. There are occasions depending on the artists again for security personal reasons and keeping out of the way of other people. In a statement from the bbc said it remains in close contact with the mand will continue to offer its full support. A Murder Investigation has been launched after three men were found dead at an address in colchester in essex. Police were called to the property last night following concerns for the welfare of two men. Officers found two people dead inside the third was discovered in a car outside. A 32 year old man has been arrested. Dont forget you can get in touch with me and some of my team on twitter. Im lvaughanjones. Now on bbc news sport today. Hello, im gavin ramjaun, and this is sport today, live from the bbc sport centre. Coming up on this programme juventus regain control in serie a. The champions end inter milans perfect start to the season in italy. Tough times for the english champions Manchester City lose at the etihad. Their worst start to a season for six years. And kenyas Timothy Cheruiyot outclasses a field including two 0lympic champions, as the Curtain Falls on this years world athletics championships. Hello and welcome to the programme. Juventus got the better of rivals inter milan in the top of the table clash in italy and now lead the way in serie a. Paulo dybala got the champions off to the best possible start, with a fine strike inside five mins. But inter equalised, thanks to a Lautaro Martinez penalty, afterjuves matthijs de ligts handball. Cristiano ronaldo had a goal ruled outjust before half time. But in the second half, Gonzalo Higuain made it 2 1. And thats how it finished
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