Program could the unrest in hong kong be the undoing of progress towards a u. S. China trade deal well beijing has responded furiously to a u. S. Vote calling for democracy in hong kong the communist government said it would do whatever was needed to safeguard its rule over the territory this after the senate in washington unanimously passed legislation aimed at protecting human rights in hong kong and threatening to revoke the characters special trade privileges with the United States in the event of noncompliance shares ended wednesday morning in the red index slipped 6 tenths of a percent. Well for more lets cross over to our correspondent hanging in taipei so the turmoil in hong kong has already tipped did interest session are there any estimates to what a protracted unrest is likely to do to hong kongs economy. Or just as you mentioned the u. S. Senate just passed the legislation to protect human rights in Hong Kong Well if the bill is finally passed then it would lead to Hong Kong Special state has been revoked in which case u. S. Would start of you hong kong more in line with Mainland China so that is say that they have by opening the door to possible sanctions and tariffs and a radically different business relationship and we know like the reason protests have hurt hong kongs different sectors and Many Companies they have warned that the protest and weakening economy have caused reputational damage to the city as one of asias most important financial hubs and so. Started more than 5 months ago members of the Business Community were also out on the street demonstrating now that the situation in hong kong has become much more violent are they still on the side of the protesters. Well yes i was say this is the people are still on the side of the protesters of course they dont agree with the violence used by radical protests but they believe that hong kongs Business Confidence rests on the existence of an independent judiciary that up holds the rule of law and individual rights and so on just yesterday we saw how beijing try to interfere home concert really intended so the Business People are worried that if the one country 2 systems formula doesnt apply when it comes of course then the standing of hong kong as an International Business and Financial Center is in trouble right you mentioned independent judiciary there is certainly one of the trademarks of hong kong how important is the economy of hong kong and its special status for the government in beijing. Well if we look at chinas overall g. D. P. Hong kongs importance as the last and in the past few years but hold close to account for more than 6 percent of all Foreign Direct Investment foreign into Mainland China and that number has grown by the month of protest and home costs doc exchange is still the 3rd largest after new york tokyo at the head of the london in addition hong kongs Credit Rating is higher and not only its Credit Rating is higher but we know its legal system is internationally respected in money can be freely exchanged these are all factors that while home consequently is still very important to the government in beijing your correspondent so in taipei thank you so. Well according to insiders chinese online giant will be worth up to 12900000000 dollars and 2nd offering in the hong kong stock exchange. Will offer shares to potential investors for just over 22. 00 a discount of almost 3 percent compared to the price of the shares on the new york stock exchange. But surely many businesses around the world would like to see the u. S. China trade war resolved rather today than tomorrow but there are those that feel they could benefit from the worlds 2 top economies being at loggerheads take the indian gem and jewelry industry for example with the United States deciding to impose a 10 percent import duty on the products of chinese doors their colleagues in india were hoping to get a portion of the 2000000000 dollar chinese export pot. This is painstaking meticulous work turning rough crystals into polished gemstones more than 150 gem cutters in this workshop in giant poor process violet in yellow courts for use in jewellery the slightest inclusion or flow will lower the quality and thats something the small Indian Company cant afford to mena scrutinizes the gems shes being kept very busy at the moment you may have found me a dummy im working more hours to meet the extra demand im sure well get more orders in future and i hope it continues so i can earn more i think about it and. Most of the gems are exported to the u. S. And in recent months demand there has risen sharply the companys production manager sees the u. S. China tariff disputes as a contributing factor. Company governor jan brewer is the hub of jewelry production. Of the trade here was down a little while ago but the recent trade war between the u. S. And china has increased the business production has almost doubled recently got bit by the want to. Jet poor is the capital of the northern indian state of righteous on around 3000000 people in the city which is growing steadily many in the Business Community here see the trade war between the chinese and the americans as an opportunity they hope the region will benefit through increasing investment i can see. A big chunk of business can come to india even the manufacturing can be shipped or doing. And particularly when im from germany recreate i think people have started coming. Bluebottle to be so bold we can have a joint venture all be considered a unit here. Indias gems and jewelry industry is one of the largest in the world nearly 30 percent of all jewelry is made here. Britain has held its 1st debate ahead of the general election in less than a month Prime MinisterBoris Johnson used the labor leader german corben of on realistic expectations for a future braggs a deal in another parry over the National Health service mr coben point just documents that he said shows the conservative government was open to allowing full Market Access for u. S. Products to be anxious. For more lets bring in our financial correspondent conrad who is in frankfurt conrad a heated debate in london there what are cool headed financial people expecting with regards to the u. K. Election. Well the labor leader is talking about the nationalisation of for Example Energy companies the Postal Service and wail away services and even though there seems to be some merit to this idea since the privatization hasnt really increased the quality for consumers your average investor if you talk to that to him or her they dont really like the idea of nationalisation. Majority of financial people would favor the conservatives to win the u. K. Election it would probably mean some sort of rebound for the pound sterling as well the british currency really has worked as a very reliable breasted barometer in recent years it has indicated the uncertainty that investors feel towards the bridge economy and conrad any sectors in particular that investors are taking an interest in right now. What with the rebound of the pound sterling Domestic Companies should get a device advantage you know import prices would go down also some experts predict Competitive Edge and advantage for small and Medium Sized Companies blackrock for example the Investment Firm says that companies who operating in a need who are specialized in a very particular product or service should be able to gain market share more than Bigger Companies who are more depending on Global Growth also the builders should be profiting. Because of the breaks that uncertainty many home owners also commercial real estate people have put a brake on investments and this is likely to change with more clarity after and the action in the u. K. And of course with hopefully bracks its finally coming and being done with cannot bosun in frankfurt thank you. Italians simply call it. High water doesnt sound like much but the floodings that have been hitting venice in recent days have been anything but harmless the severest flood waters in generations have devastated large parts of the unesco protected lagoon city for example some of the parts of the famous that marks visited have been damaged beyond repair according to local media among those heavily impacted are the citys famous gondola makers craftsmen who work and shipyards close to the water now that the the has subsided and is effective and you know trying one team can finally reach their Gondola Shipyard the front is once again dry land but just a few days ago the entrance was submerged in the worst flood in over 50 years. The water kept rising and rising and never stopped it was all dark and i was a little terrified the water here was at least 5500 meters deep i didnt open the door anymore because i was afraid that these were rocks and would be swept away by the flood water. We could only stay outside in the dark and waited until the water level went down. It was a scary night and i didnt know when the water would go down. There was damage but they were the lucky ones they didnt lose their entire livelihood like others did. Had crap stores are on the ground floor and the flood is a hard thing for most of the handy craftsmen we need to restore our strength and move forward i hope the handy craftsman can get some help because they are an important part of venice where we have a tradition of protecting hand techniques. As water levels around the globe rise skilled workers like the gondola builders of venice will have to develop strategies to adapt. And that wraps up our show for more you can go ahead and check out www dot com slash business or falls on social media im chris cuomo and thanks for watching have yourself a successful day. What secrets lie behind. Discover new adventures in 360 degree. And explore fascinating World Heritage sites. World heritage 360 get mapped now. Earth home to millions of species its a home worth saving. Google ideas tell stories of creative people and innovative projects around the world ideas that protect the climate boost Green Energy Solutions and reforestation. Interactive content to inspire people to take action. As the series of global 3000 on t. W. And all mine. Teacher is trying. On. The vocal harmonies of the king singers whose previous ss founded the group off a century ago. Now the current base jonathan how it is my guest here on in culture in just a minute also coming up. With the winner of this is a germany talent show a recent immigrant from indonesia. And the brand new documentary about the handmaids tale all thought margaret atwood. Never. The king sing is a vocal ensemble with a history going back over hoff a century the original members were choral scholars at Kings CollegeCambridge University back in the 960. 00 s. Now the group in the latest incarnation of launching a new project trying to heal divisions in society through the power of music its called finding common it lets have a listen the. Oh no there are. No no