to a record high. but top democrats say the speech is detached from reality, accusing donald trump of preaching a message of unity but failing to back that up with action. iraqi forces are reported to have captured the last major road out of western mosul, preventing islamic state militants fleeing. but hundreds of thousands of civilians are trapped in the city. and this story is trending on bbc.com: scientists have discovered that life on earth began hundreds of millions of years earlier than previously thought. that is because they found this fossil of a creature that lived more than four billion years ago. that's all from me now. stay with bbc world news. the story in the uk: the government has suffered its first defeat over the brexit bill. the house of lords

backed a cross—party amendment saying that ministers should guarantee eu nationals‘ right to stay in the uk. he comes bearing gifts. the saudi arabian king riots in indonesia where he is expected to pump money into the country‘s oil sector. and the owners of snapchat see their company valued at $24 billion in a share sale. welcome to asia business report. it has been a highly anticipated state visit. saudi arabia‘s king salman is in indonesia as part of multi— stop tour around asia. the saudi king is expected to announce investment deals totalling more than $20 billion. around $6

billion of that will be pumped into state owned refineries, and it is the second oil deal we over saudi arabia this week. earlier the country invested $7 billion into a refinery project over in malaysia. saudi arabia is the world‘s biggest exporter, much of its crude going to customers in asia. i asked why saudi arabia is so particularly interested in this region. saudi arabia has a lot of money to throw around. it would like to diversify its own economy and bring some of the expertise it has in oil refining to this region, malaysia and indonesia are producers of crude oil, but they don‘t have that much refining capacity. indonesia in particular has very little. so if saudi arabia can bring some of that expertise to

indonesia, and capital... what is crucial about this visit is he is making this multi— stop tour around asia, rather ironically he is not coming to singapore at going just about everywhere else. is this to tie in with the possibility of saudi‘s listing? tie in with the possibility of saudi's listing? absolutely, it is a preview to that, spreading the word about saudi arabia, ling ties to some of the economies of this dynamic region that the saudis have frankly neglected for 50 years —— building ties. it has been 50 years since the saudi king visited japan and indonesia. japan is a potentially large investor in that ipl, and is a significant buyer of oil. all of that makes this a worthwhile trip to be making. singapore, of course, would like to have saudi listing in singapore as

well. japan's sharemarket has followed wall street to climb to levels that are extremely high. as you can see, it has not hit this level in more than a year. the japanese market following on wall street‘s lead after the dowjones rose well passed the 21,000 mark, as you can see, and the dollar rising on expectations the us federal reserve will raise us interest rates at its march meeting. the surge followed president trump‘s speech to congress outlining his agenda. the markets have been on a winning strea k markets have been on a winning streak since mr trump took office but former federal reserve chairman alan greenspan says he is not surprised by the strength of the market. i don't think it is too much ofan market. i don't think it is too much of an exaggeration to say that virtually all market response is a removal of uncertainty. we are turning our back in the direction of

higher levels of price earnings ratios, which have been suppressed. that was former federal reserve chairman alan greenspan. snapchat is a popular app that lets you create and send pictures or videos with a brief shelflife. some of you may be using it, in fact. brief shelflife. some of you may be using it, infact. shares brief shelflife. some of you may be using it, in fact. shares will begin trading on the us stock exchange on tuesday, and overnight the shares we re tuesday, and overnight the shares were priced at $17 per share, above the $40 price range it had previously indicated, that values the company at $24 billion, despite the company at $24 billion, despite the fact that snapchat is yet to turn a profit. in fact, it lost over $500 million last year alone. so what has investors so excited? 0ur correspondent has the answer. in just five years, snapchat has gone from a little app that was created bya from a little app that was created by a couple of college kids to a virtual giant in the world of social

media, with a 160 million daily active users and on thursday it will start trading on the us stock exchange. so why are investors so excited about a company that is valued at $20 billion but has yet to make a profit? well, they are hoping it will see the same success as companies like google or facebook. of course, the worry is they will end up looking a little bit more like twitter or groupon, companies which came with the lot of hype but not much else. snapchat fundamentally is kind of a new breed of social network. it is not like facebook, where there is a big public war and your whole family is on there. it is not like twitter, necessarily, you are broadcasting to the whole world. it is very much its own animal and the whole world. it is very much its own animalandi the whole world. it is very much its own animal and i think if you are a pa rent of own animal and i think if you are a parent of a child completely addicted to this product, you might

very well see it has a future. addicted to this product, you might very well see it has a futurelj know what snapchat is but i don't use know what snapchat is but i don't use it. usually when i see something isnap use it. usually when i see something i snap it. i have it but don't use it. my kids use it. i am not really the right demographic for it.|j it. my kids use it. i am not really the right demographic for it. i use it all the time, i love snapchat, it is great. i don't what it is, i don't use it. snapchat is the talk of wall street even though it is an app geared to teenagers but that will be the key to its success, if it can still attract the young users and advertise to them, then great. if it can, snap inc risks becoming just another overhyped tech company which grew too big too fast. south korea‘s industrial output has surged 33% in january korea‘s industrial output has surged 33% injanuary compared to the previous month. the figure outpaced a nalyst previous month. the figure outpaced analyst expectations, it is the fastest growth since september 2000 nine. service sector output also

rose 0.5% which is a slight improvement over december‘s figures. mcdonald‘s has outlined a plan for winning back customers. the burger chain has lost around 500,000 customer visited the us since 2012. of those visits have gone to other fast food restaurants. the world‘s largest restaurant chain plans new look restaurants and delivery services, as well as more aggressive marketing for items like coffee and pastries. 0ver marketing for items like coffee and pastries. over in indonesia, wealthy households are well—known for spending money on all sorts of luxurious things in life, like fashion beauty. well, the spa business is also flourishing, but they are notjust business is also flourishing, but they are not just for adults business is also flourishing, but they are notjust for adults any more. kids are getting a little pampering, would you believe, and as pa rt pampering, would you believe, and as part of our business of kids series, we found one children‘s spa in ja ka rta we found one children‘s spa in jakarta which is doing so well it is set to go international.

three—year—old jasmine is a regular customer here at this spa in jakarta. her mother spends up to $200 a month on spa treatments and massages for her honour that is almost the minimum monthly wage here. translation: i take my child here. translation: i take my child here once a week. during school ra kes here once a week. during school rakes i also take her siblings and thatis rakes i also take her siblings and that is why i decided to buy a package of 50 visits. on offer are massages and chocolate spa treatments for children as young as six days old. the baby spa was founded in 11 years ago and now has 23 branches throughout the country. the session costs around $15, and it generates up to $130,000 per month. translation: our generates up to $130,000 per month. translation: 0urservice generates up to $130,000 per month. translation: our service is unique because we offer services for pregnant women, children and babies and it is notjust a lifestyle choice. it is also about looking after the health of our babies and

our children. business here could double in the coming years, she thinks. indonesia‘s households have an estimated $500 million a year to spend on the item, and that is growing. baby massage has long been a tradition for indonesia. we know a lot of masseuse specialists for babies. it is part of our local wisdom, actually. so you can say baby spa is taking it to the next level, lifestyle wise. and parents are happy to pay if they think it is worth it. translation: i have brought 0rlando here every week since he was six days old. i have never missed an appointment. i have seen an improvement in his motor skills and he doesn‘t cry a lot at night. in the most rewarding thing for me as i can see his weight keeps increasing. with business doing so

well in indonesia, it is set to open its first international branch later this year. i want to join those babies and have a massage, but i have to tell you about the markets, the nikkei continuing to make those strong gains. it hasn‘t reached these levels is december 2015, and thatis these levels is december 2015, and that is because of the strong us dollar helping exporters, all of that because of wall street‘s gains. that is it for this edition of asia business report. thank you for watching. the top stories this hour: president trump‘s optimistic speech to congress hits its mark with many, as the financial markets soar to a record—high. iraqi forces are reported to have captured the last major road out of western mosul, preventing islamic state militants fleeing but hundreds of thousands of civilians are trapped in the city. for the first time, all schools in england will have to teach children about sex and relationships.

under the plans, pupils as young as four will be given lessons about healthy relationships. older children, those at secondary school, will be taught about the dangers of sexting and online pornography. but ministers say parents will have the right to take their kids out of the classes, as our correspondent elaine dunkley reports. and sometimes, i might not feel like a kiss at all, so i won‘t give her a kiss. is that ok? how young is too young to learn about relationships and sex? these six and seven—year—olds at goose green primary are learning about their bodies, and soon it will be compulsory for all school children to have lessons like this. today, the government has announced that age—appropriate classes will be taught to children as young as four. i think there‘s been a history of everybody thinking that at four, five, six, everybody‘s going to be teaching their children about sex. and that‘s not the case at all. it‘s all maturity—relevant. the strongest argument for change and more up—to—date teaching

is times have changed. children are more exposed to sexual images than they ever have been, through the internet and mobile phones. guidance that schools are looking to, in terms of how they teach relationships and sex education, was developed in the year 2000, and britain is a very, very different place. so it‘s really important that we have an updated approach that means our children are safe and protected. in primary schools, the focus will be on building healthy relationships and personal boundaries, while secondary schools will highlight the dangers of sexting, online pornography and grooming. parents will be able to choose to withdraw their children from these classes, but this isn‘t just about the classroom. controlling what children see and hear in a digital world means parents have to be one step ahead of technology. my daughter is five. she copies everything that she sees. the dance moves, certain clothes that she sees. i go, no, you‘re too young. you‘re not ready for that. i need you to enjoy your childhood. you‘re a child.

it's actually quite nice to know that kids are being taught about sex and relationship stuff at school, by a qualified teacher. it will be hard for them to understand what's actually going on, at this age. at this youth charity, they work to encourage what they call healthy relationships between young people, based on respect. they don‘t believe the current system is equipping children with enough skills. hello, this is sport today, live from the bbc sport centre. coming up on this programme: he‘s on his way! luis enrique says he‘s not going to be in charge of barcelona next season. manchester city book their place in the quarterfinal of the fa cup. and it‘s a second round exit for roger federer at the dubai

championships. hello and welcome to the programme, where we start with the news that barcelona head coach luis enrique has confirmed that he won‘t be at the club next season. the 46—year—old is in his third season at camp nou and won the champions league as part of the treble in his first year at barca, and led them to the domestic double last season but this campaign has been more problematic including a 4—0 loss in the opening leg of their champions league last 16 match against paris st germain. earlier i spoke to radio catalunya‘s ernest macia who believes now is the right time. probably this is a good moment because in canberra present a relapse for the team and a stimulation and a release for the team. now there‘s tension, today they won easily 6—1. it was against sporting