To rebuild hong kong economy to engage as widely as possible to listen as attentively as possible so my people scream and says and try to help hong kong to move on but the protests are carried on. The turmoil in hong kong has put pressure on stocks all over the world investors are already rattled at the u. S. China trade war and worries that capital flight from hong kong have added to was. Hundreds of flights have been scrapped and more disruption is expected to big question among protesters as much as investors is how long beijings patience for dissent can be tested. Some experts say hong kong future will be decided by beijing. And the unrest in hong kong has investors worried across the region that includes singapore the city state has already cut as a no growth forecast in the wake of the u. S. China trade disputes its singapore hadan as an export hard it is highly sensitive to external shocks its now expected to grow between 0 and one percent only this year those figures marcus sharp decline from the previous estimate of between 1. 5 and 2. 5 percent. Now of cortez in hong kong of. Having an effect all over the region whats at stake there lets bring in samuel say hes an economist at the biggest bank in Southeast Asia d. B. S. Spot and joins joins us from singapore it seems to be bigger than just hong kong what the business what is the Business Community most worried about. Hello everyone so so what happens here is that the whole point calling me has already been on a trend you know for a sample of the year which we started export we have house are all going down and of course the Investment Sentiment was weak so on and then the 2nd half of the year we saw that there are of course the political is the bullet so the business is actually quite worried about any kind of a growth in the next field months or even the next 2 years so what we see is that the stomach acid already cost elevated and which the 7 month low today so. The investments that you know was quite weak soul you have that problem cannot be solved in the near term them there will be more. Difficult. Economic activities its specially as we see from the news the. The there are protests across the. The subway and also the airports so the Economic Activity is whats this for a tech thats the most the thats what most business a success as a concert about should the conflicts continue to escalate which sectors would actually suffer most so of course the sector will be will be suffering the most as we all see that. The retail shops cannot be operating business as usual over the weekends and also now so the Retail Sector will continue to see year on year the client performance in the next film most wish we had was something we have been seeing since that february this year so looking forward to the Retail Businesses will be negatively impacted and there will be. Some impact for the stock market as well there will be downward pressure on house on the index. Thank you very much for the something thank you very much. On to some news from germanys been this league. To a great start of the season with win against rivals by munich in the season Opening Super cup but things are looking much less rosy financially dortmund is the only bond is the club listed publicly on a stock market profits are down along with total revenue which fall dramatically to around 717. 00 and a half 1000000 euros thats a drop of 50 percent the numbers work to some extent skewed sales of top players to other clubs also brought in quite a bit of catch a. Novel more the finances of football not joined but johnson crane from last spoke. Of the studio if those numbers that we just heard from other good or bad well on the face that are pretty bad you have to remember they were driven by 2 main things called the ballet america because goldman sold them at the start of the season before last for a combined 200000000 euros transfer to barcelona rising to potentially 245000000 euros with a club record so if you actually take transfers out of the equation revenue increased by 17. 9 percent just goes to show how important buying and selling to a club bottom line with other than buying and selling players of the numbers are quite staggering staggering that you just told us tickets a merchant a does a major sources of income how did that go well they went a bit better than the Previous Year largely because dortmund performed better on the pitch they gave by a very close run for the burners league title merchandise ticket sales sponsorship they were up dormant or 3rd generation more money from t. V. Rights that actually increased by 30. 00. 167000000 euros and that was thanks to a new t. V. Deal signed between the german the and. The German League t. V. Rights as a lot of Growth Potential for the bring this league. In the digital platform is interested in securing domestic rights. That next year. Has been listed on the stock market. Was 1st listed it was a big. House of the clubs performance. To be listed on the Stock Exchange they did it in 2000 when they were really struggling financially and needed a quick injection of cash for a while things worked out ok they spent a lot of money and then it went wrong because the players didnt deliver and they almost went bankrupt in 2005 so. In many ways the not going to be spending the money to. Buy new units of course being on the Stock Exchange you do have a responsibility. By far and away the richer club so dont have developed this reputation as a bit of a sounding. Rough diamonds if you like and then sell them on for a massive profit is all about risk reward and this isnt dont do seem to be taking more risk theyve spent a lot of money that some. 35000000 euros. Brands as well coming in. Complaining that actually theyve not on the transfer market so thats going to be very interesting rivalry that real value. Of course to buy. Make them better and sell them on. Investing in football shape as buying. Something for fun so is it. Some people with. The Risky Business but. Because it is results orientated and that happens every weekend you see that every weekend with your team wins or loses i think. It really do as an investment they do it more as a passion because they support all they care about is the club. And well on the pitch if that happens for example dortmund if they won the league if they have a very good run the lucrative Champions League brings in more prize money and that is going to be reflected ultimately in the clubs revenue and the club price is it would you recommend going on the stock market would you recommend that to other football clubs as well i mean i think i think the stock market is it can bring some stability it can bring some money in but you do have to be a lot more careful that youre on your shareholders you cant be taking crazy risks that maybe some clubs do Manchester City for example and the premier league owns by the shakes from abu dhabi money seems to be no problem for them they can splash it on the transfer market if you like if youre on the Stock Exchange you obviously need to be slightly more careful than the other company. Thank you very much for this input now millions of muslims have made their way to mecca on this years hodge pilgrimage recently saudi arabia businesses are finding ways to make the most of the vast numbers of travelers coming from overseas some hotels are catering to wealthy pilgrims or for a very special experience high end hodge. The kaaba in mecca is islams holiest site for pilgrims its the final destination at the end of a long journey and now the wealthiest among them can end a tiring day in a room like this. Craft a 5 star hotels now offer a room with a who leave you to the select few who can afford it with prices starting at around a 1000. 00 a night or reaching into the 10s of thousands these hotels are contributing to mecca is growing reputation as the capital of luxury religious tourism. As is a 5 star hotel that offers magnificent services to attract customers we have the best possible facilities because the prices are expensive and normal for them or. The hotels are fully booked for this year and next years hutch as well as dozens of days i sighed. Becker expects to welcome 30000000 visitors for a hot shower and begin around america over images by 2030 as saudi arabia works to reduce its reliance on oil saudi businesses of finding more ways to tap into another significant flow. And thats it from me on the business. Of war check out our website. Www dot com slash business follow us on social media facebook and twitter. Heres a quick look at go Global Markets and. Stay tuned to the. It was a season of high pitched correction as it winds down the next exciting event is right around the corner. German bundesliga is heating up and as always we are there to keep you updated with the latest on the kickoff. To mislead the soccer starting august 16th on the g. O. P. Youre going to an official estimates more than 1200000 venezuelans live in columbia needed me and illegally. Id return to. The to visit friends i dont think id ever go back there to live you know what i live there again i dont know so im not sure. Theyre in witness global news that matters. Made for minds. Im not going to think that them well i guess sometimes i am but i said nothing when it happened mr jevons thinks deep into the general culture of looking at stereotypes a question that anyone thinks leaves the country that i dont blame. Needed change to fix it is drama they are to me its all about a bomb im a joke join me to meet the gentleman from p. W. Post. The stock. Is facing a mass extinction. You could save the topix office in danger. But there is a glimpse of. The Biggest Company uniting to create a global. Possibility. Not only animals will be said. To. Live. For the conservation. Play. This is the w. News live from clashes at hong kong airport as prodemocracy protests result flights for a 2nd day police used pepper spray and the tongues as they try and force their way into the building and hong kong chief executive kerry lamb warns that the city could be on a path of no return. Also coming up stop this man italian senators scramble to build alliances that might stop mchale salvini getting his no confidence vote in the government they are be