footage has emerged of the moment the exiled brother of north korea's leader was attacked last week at an airport in malaysia. the malaysian government has denounced a north korean statement about the killing, saying it's based on "delusions, lies and half—truths". a small plane has crashed near an airport in the australian city of melbourne, causing a fire at a nearby shopping centre. in the last few minutes police say several people have lost their lives. they are currently contacting fl mgr; eggfifé 43.55.2515 71? and the top story here in the uk: theresa may has been listening to the first day of debate in the house of lords on the brexit bill. the prime minister has urged peers not to hold up her plans

for starting the process to leave the eu. now on bbc news, all the latest business news live from singapore/ a new chap at one of india's biggest companies as the new boss takes over, ending a bitterfeud. and may the force be with your wallet. why pa rents the force be with your wallet. why parents in asia are spending so much a birthday parties like this. it is tuesday. glad you could join us for this edition of asia business report. i'm rico hizon. the new tata group chairman takes up office today, ending one of india's most public boardroom spats. a bitter feud was sparked with its

predecessor, when he was fired last year. tata owns more than 100 companies and is one of the oldest businesses in the country. so what are the top issues waiting for the new boss? seeking divine help, this man is all set to lead one of india's oldest businesses, the tata group. he is the first person out of india's community to be appointed to the post. after an acrimonious stand—off with its previous chairman, it will bea with its previous chairman, it will be a huge shift here at the headquarters of tata. he is the seventh chairman of the tata group. he spent his entire professional life inside the group. he is popular amongst employees and has long in the favourite for the new role. it is lower —— it is largely accepted that the task ahead of him is nothing more —— short of monumental. the tata group has interests ranging

from steel and cars to salt and tea. but many other companies have been struggling in recent years. luxury car makerjaguar land rover and tcs are generating enough profits to keep the group afloat. together they account for more than half of the combined revenues. so natarajan chandrasekaran‘s first challenge would be to reduce the dependence on these two businesses and turnaround others. his second big challenge will be making a decision the future of tata steel in the uk, when it has suffered heavy losses. union workers backed the move towards saving britain's largest steel producer. his other challenge will be the global uncertainty are round the it

industry. tcs is thejewel global uncertainty are round the it industry. tcs is the jewel in the crown for tata group, contributing 40% of its profit. but that's now threatened as a new us bill aims to limit the entry of high skilled workers. with over 100 group companies, many analysts compared the tata group to a lumbering elephant, but mr chandraseka ran the tata group to a lumbering elephant, but mr chandrasekaran has the experience and many hope he will have a conglomerate. have success with a conglomerate. there is indeed a gift for shareholders, as he takes over today. the group's outsourcing company says it will spend a whopping 2.4 million dollars to buy back shares. tcs shares jumped on monday after the company said it would buy back their shares at a price 20% higher than on friday. moving to other news making headlines. trading in shares of

fairfax media have been halted this morning news that the company is considering is reeling off domain. that is its online real estate classified business. major shareholders have been asking management to sell domain, which they believe could be worth billions of dollars. toshiba wants to raise nearly $9 billion by selling a majority stake in its business, according to reuters. the troubled japanese companies under pressure to raise money after revealing a $6 billion write—down due to its us nuclear business. part of the company has been reluctant to sell a majority stake. unilever‘s rejection of a merger with heinz has seen the stock fall by 9%, before clawing back some losses to close about 7% lower. the sharp fall follows the collapse of a ta keover sharp fall follows the collapse of a takeover deal which would have been

the biggest in corporate history. banking giant hsbc reports its full—year numbers later today. the shares have surged over the past six months in part course of a $2.5 billion buyback programme. also a wea ker billion buyback programme. also a weaker pound since brexit mail, it was the uk—based lender does most of the business abroad. andrew sullivan explained what we can expect. they would have turned to profit in the last quarter, which will be encouraging. a lot of that is because the year—on—year basis is a very bad quarter in 2015. it was a disaster, the last quarter. yes. but things have been improving. we put disaster, the last quarter. yes. but thi of. have been improving. we put disaster, the last quarter. yes. but thi of. have bee in nproving. we put f§§oneof — %3 one of —— c? it 3— @ bank to potentially - rate the us

m a :7——= m m—zi—= erie-45— m foria increase e the us i for; a! increase as é interest margin should increase as the rates go up, but it is still a very competitive with us. it is not like they can immediately erase the rates. it is competitive and they will have to stay on their toes. what about return in equity in their hong kong business? the hong kong business has held up quite well and one of the key thing is what they will do with the us. you mentioned share buybacks. a lot of that has come out of cash they taken out of us operations, but obviously with trump saying you have to be in america to deal with america that could be problems with that. speaking of president trump, trade finance is an integral part of asia's business and they have major businesses in china and mexico, which are currently the focus of president trump. —— hsbc‘s business.

what will they do? i think they will focus on saying we still have the household industry, we are still hsbc usa, which will be crucial. 0bviously hsbc usa, which will be crucial. obviously a lot of the money last year came out of the share buybacks. the question is that it opens them up the question is that it opens them up to the regulators as well. that was andrew sullivan on hsbc. how much money did your mum spend on your fifth birthday party? how much money did your mum spend on yourfifth birthday party? these days children's parties are becoming increasingly more elaborate and expensive. as part of our business of kids series, we met some top—notch party planners who are cashing in on the opportunity. laser lighting, storm troopers, darth vader. it looks like a big old way production, but it's not. it's a kids birthday party in singapore, which cost $150,000. planning such parties has become big business. meet tanya, the party plan behind

this costly soirees. she sorts 0mm ca-eto “z; is“ * doubles u- as an venue and evenrdoubles—up asgn= m venue and evenrdoubles—up asgn= entertainer. are you ready to have some fun? boast of them have an idea of how much they will spend. we don't mention money to the kids, as the kids are just kids and they don't understand that concept. but if the kids really want to have a particular thing, then the parents might go, 0k, we will have it. on average might go, ok, we will have it. on average pa rents might go, ok, we will have it. on average parents coming to her have budgets ofjust over $2000 for kids as young as one. but it would always need a party planner. for parents like this, a party for their 100 day old baby is more thanjust like this, a party for their 100 day old baby is more than just a fun celebration. it is part of tradition. historically, it is kind of like the chinese one—month party, a celebration to say we are out of

the woods, the baby made it. these days it's a little bit more like the pa rents a re days it's a little bit more like the parents are still alive after 100 days. they've invited their friends to an ice cream themed party and are giving it the personal touch. in line with the trend of big budgets, it is being held at one of singapore's most luxurious hotels, where celebrities like madonna have stayed. high end event planner augur offers advice. i think it's a bit of peer pressure. —— plan a 0lga. if one person holds a big party is an indication for other parents to do a similarthing. indication for other parents to do a similar thing. so as parents strive to create memories of that special day, it could also mean a lot of money going up in a puff of smoke, law and after the candles are blown out. expensive parties for young kids! youtube plans to scrap the 32nd advertisements that you normally can

skip. you won't have to watch them on the video stream service from next year. google confirmed the plans want to focus on formats that work well for users and advertisers. before we go, a quick look at the markets. as you can see on the screen is trading is very thin in asia at the moment. this is because us markets remain shut for the holidays. wall street reopens and investors await reports on economic data and minutes from the fed's meeting. thanks for investing your time with us. sport today is a next. __ up time with us. sport today is a next. —— up next. this is bbc news. the headlines: the malaysian government has denounced a north korean statement about the killing of kim jong—un's brother in kuala lumpur airport, saying it's based on delusions, lies and half—truths. several people have died aboard a

light aircraft that smashed into a shopping centre near the australian city of melbourne. uk sport has rejected appeals by seven sports that won't receive funding ahead of the 2020 tokyo olympic and paralympic games. archery, weightlifting and wheelchair rugby won't get any money and badminton, which secured a bronze medal in rio, has been stripped of its funding too. 0ur sports editor dan roan sent this report from the national badminton centre, in milton keynes. public money has transformed britain's 0lympic fortunes, at as well as winners there are losers. these are among the seven sports that they learnt their desperate appeals against funding cuts have been rejected. the have is the unluckiest is badminton, which had £5.7 billion wiped out, despite meeting its rio medal target with this bronze in the men's doubles. the woman who controls things said

she stood by the decision. badminton and wheelchair broke the ad other sports have got medal potential but it is not strong enough for it to be cutting it and we won out of resources to go that far. here at the national badminton centre in milton keynes they are reeling from a decision that threatens jobs and $ m success. gutted. from a player devastated. gutted. from a player point of view, you need that funding to help you get in the best shape possible. to go out there and win a medal in the olympic games, that's what it is about. knowing that you haven't got that support from uk sportjust means that everything is ha rd sportjust means that everything is hard work. everything is an obstacle, everything isjust that hard work. everything is an obstacle, everything is just that it more tough. but with falling ticket sales heating the lottery funding, uk sport says it is —— its resources are being stretched. one has helped transform britain into an olympic and paralympic superpower, for the first time sports with real medal

potential are being excluded from funding and rarely before has this winning formula sparked such controversy. the approach that we ta ke controversy. the approach that we take has worked and it will continue to work as long as we aren't deviated from it. —— by a general feeling that there might be in the general public that the resources should be spread across more athletes and more sports more thinly because that will compromise the results and we will do less well in the olympics and paralympics in 2010 the. £350 million is being investigated bid to better britain's triumph in rio, for those sports cut adrift the future tonight is uncertain. time now for all the sports news in sport today, hello.

i'm tulsen tollett. this is sport today, live from the bbc sport centre. coming up on this programme: arsenal are through to the fa cup quarter—finals after beating national league sutton united 2—0. england all—rounder, ben stokes, becomes the most expensive overseas player to ever be auctioned in the ipl. and 10th seed, caroline wozniacki, moves through to the second round in dubai. hello there. welcome to the programme, where we start with the footballing news that arsenal have beaten national league side, sutton united, 2—0 to progress to the quarter—finals of the english fa cup. john watson reports. a special night in the history of sutton ended 5? ended by 5? ended by the 5?