with scuffles and hundreds of arrests. thousands of russians took part in anti—corruption rallies in defiance of the kremlin. the biggest protests were in moscow, where hundreds, including opposition leader, alexei navalny, have been detained. bejing's favourite candidate, carrie lam, has become hong kong's new leader. but pro—democracy activists are angry over how the poll was conducted, denouncing it as a sham. and this video is trending on bbc.com. it was a very warm and very energetic welcome for chinese premier li keqiang who is in new zealand marking the 45th year of diplomatic relations between the two countries. you are up to date. stay with us. and the top story here in the uk: a 30—year—old man has been arrested in birmingham in connection with the westminster attack. counter—terrorism police have been searching a property where friends of khalid masood lived.

carrie lam will become hong kong's new chief executive. but what the new chief executive. but what the new leadership mean for the economy? and what to look for in buying a piece of art. we get a few tips from the experts. hello and welcome to asia business report. i'm sharanjit leyl. a 1200 strong committee dominated by pro— beijing executives have elected carrie lam as the new hong kong chief executive. she has promised to heal wounds over beijing's industry. with a slowing economy in mainland

china, she could be facing economic headwinds. i spoke with research at peter church at that the issues that will be at the top of her agenda. peter church at that the issues that will be at the top of her agendam hong kong, the affordability question on housing has been a huge economic and political hot button in hong kong. and if you look at it rationally, it is really a supply it generated a problem. hong kong has been producing less than half of the long—term average supply of housing in the last decade. so there is a massive shortfall of housing that has built—up. you put that in context of very low interest rates, and you can see, you don't have to be an economics ph.d., to understand that prices will go up. and besides property, there are other issues. there are a lot of concerns about whether hong kong, which has always been seen as the gateway to china,

can remain relevant as a financial hub. especially as there are many chinese cities perfectly capable of playing that role as gateway to china. so how will they remain releva nt? china. so how will they remain relevant? there are a lot of areas. hong kong, as you say, has always been the conduit of finance and financial services into and out of china. that role should continue. but probably what needs to be done is more of a focus on areas such as wealth management and harnessing the flows of capital out of china and into the rest of the world through what is in fact a rule of law economy that can't really be replicated in china. i think we can also expect to see the government pushing for improvements in legislation, which allows hong kong to participate in change issues like the one built one road and the asian investment banks. so those areas

where we expect to see the government puts focus that was peter church speaking to me earlier. shares in toshiba are higher on news that westinghouse could file for ba n kru ptcy that westinghouse could file for bankruptcy protection as early as tuesday and is seeking support from korean alleged power. toshiba's gains come against a backdrop of a broader market downturn this morning. the fund now has 70 member countries, with 13 joining just last week. including canada. the former british minister danny alexander told me the international make—up of the 80 i id means it is not possible for the chinese to promote their own interest. above others. —— aiib. people can actually see now that this is an institution that has very high standards of international governments. all members are involved in our decisions. we have a

well functioning board of directions. john has one seat amongst well. many other countries are represented on that board as well. —— china has one seat amongst 12. most important, the standards we set for our projects, in terms of environment will impact and how social issues like population resettlement are dealt with. the access of countries to access these issues and affect how we deal with them infunding. issues and affect how we deal with them in funding. —— aiib. issues and affect how we deal with them in funding. -- aiib. there has been a lot of focus on the chinese one belt, one road process, which is a push to develop like the silk road. those are projects that you are funded. it seemed to suggest, though, that this is closely and lined to china's international

interest. if you look at the projects that we find, so we wondered that a slum upgrade project in indonesia. we funded a new gas—fired power station in myanmar, upgrading hydroelectric power schemes in pakistan. with these sorts of projects all over the asia region. some of those things will overla p region. some of those things will overlap with the one belt, one road policy. many are different from it. at the end, the bank meets its own decisions, about what are the appropriate things to find. there are important policies of many different governments that are considered. all the member countries have a role in that. so we must make sure that in each country we are working according to the direction that the government has set and the international agreements that they have signed up to. and that was danny alexander speaking to me. history will be made in europe this week as a new entrant into the

mobile market appears. britain will trigger article 50 on wednesday. this will officially begin the process of breaking away from the european union. also on that same day, you have samsung, they are scheduled to release the galaxy s8, which was the u replacement for the galaxy note 7 that was recalled for exploding batteries. ispoke galaxy note 7 that was recalled for exploding batteries. i spoke earlier with andrew staples and asked if the brexit honours will have an immediate effect. just in the process , immediate effect. just in the process, this is something we have been waiting forfor process, this is something we have been waiting for for the last nine months. this will trigger a two year period of negotiation for uk to leave the eu. here in asia, i think the impact will be minimal. certainly in the short term, there could be some volatility around the pound sterling. but that has been priced into the market over the last months and weeks. longer term, there

will be continuing questions over the uk's attractiveness as an investment destination. of course, a lot of asian investment goes to the uk, particularly thinking about the japanese auto sector and so on. but we have seen positive news from people like toyota and nissan who have confirmed their commitment to the country. there will be uncertainty over what kind of relationship the uk will have with the european union following this two year period. you have mentioned toyota there, at nissan, and toyota said they would invest in britain, but they are warning that they need terror free access to the continent. is that something our businesses should be looking out for? absolutely. but that will not become clear a ny absolutely. but that will not become clear any time soon. there is this two year period of negotiation. there is scepticism as to whether we will reach a deal in that time. if we don't, then we will revert to wto access to the eu. which would not be preferential for people like toyota.

and the other news of course is the s8, which comes after the exploding galaxy note 7 is, and comes in a political crisis in which there are factor boss has effectively been put in jail. factor boss has effectively been put injail. will this be everything they hope for? certainly hoping so. they need to pull something out of a hat given the political situation in korea and the difficulties that samsung have had over recent months, as well. let's see how the market response that, especially consumers. nearly 80,000 people visited asia's biggest art fair in hong kong this weekend. the organisers of art basil said sales were strong and tapped into a grey market in asia for high—end art. we asked to art experts for their tips on buying. —— art basel. the first thing i will tell a young collector is to take

your time. don't rush into anything. find a good dealer, a good adviser, you can trust. trust is very important. and then engage with them. you should know the artist's basic background, such as where they we re basic background, such as where they were educated or how they started. what is, how he developed to this style. then you make a combination ofjudgement. a work of art is not a cheap thing to get involved with. and i will always tell them, by the best quality. and if it doesn't hurt when you purchase it, don't buy it. i encourage the young collector to buy artists more or less the same age. the reason is i think after 30

years or 40 years, you will look back and you will have grown at canterbury to the others. i think this is a wonderful and special memory for the collector. and that was investing in art. let's look at investing markets. not great this morning. you can see the nick cave and a stratum markets have opened lower. —— nikkei. that is it for asia business report. thank you for watching. —— australian. welcome back. you're watching bbc news. we bring you up with the headlines. russia has seen some of it's biggest protests in years with scuffles and hundreds of arrests. bejing's favourite candidate, carrie lam, has become hong kong's new leader. but pro—democracy activists are angry over how the poll was conducted, denouncing it as a sham.

more than 30 people have been injured, two of them seriously, in what is suspected to have been a gas explosion on the wirral. it could be several days before people who live in the erika returned their homes. the scale of the devastation shows just how powerful the explosion was. one of the three businesses that stood here was a dance studio. —— that live in the area. just an hour before, it had been full of children. the blast was heard six miles away. this sound of the building blowing up was captured by a car's dashboard camera. explosion. oh, my god! 33 people were taken to hospital. there's a multitude of injuries that have happened, but the two patients that have gone through to the major trauma unit at aintree, they've had significant injuries. within one of the damaged homes, christine pickup had been baby—sitting her grandchildren. i don't know how we

walked out of there. i think the children, because the bed is slightly higher than the low windows in these old houses, the blast lifted the mattress up and threw it over the top of the children, ‘cause they said they felt things hitting them, but they weren't bruised or sore, and i think the mattress just saved them with the...masonry. police are now leading an investigation. a number of local people say they smelt gas yesterday and on friday. national grid engineers are at the scene, and say they have found no faults so far. with the scale of damage here, many residents will spend at least another night out of their homes. well, the community here say they are shocked by the events of the last 24 hours, but it will be some time before their quiet, residential area is back to normal. not only does the rubble from the damaged building have to be removed, but beyond that, there are homes who simply have no windows or doors, because they were

blown out by the force of the blast. that means there will be people here who are displaced for some to come. that is it from me. it is time for all the sports news. but in 50 minutes, —— 15 minutes, lebo will be back with the rest of the news. this is sport today, live from the bbc sport centre. coming up on this programme. andre schuerrle scores twice as champions germany cruise to victory over azerbaijan in their world cup qualifier. dustinjohnson creates history by winning the wgc matchplay event in texas. and world number one

angelique kerber is through to the last sixteen of the miami 0pen. hello and welcome to the programme where we start with football and there were three groups in european world cup qualifying on sunday including world champions germany. they were away to azerbaijan where they continued their impressive form making it five wins from five played in group c winning 4—1 in baku. lutz pfannenstiel was there and he told me that it wasn't quite as easy as the scoreline suggests for the germans. the first 25 minutes azerbaijan played very good football. they did not make it easy for germany and it was quite a challenge. at the end of the day, the will class of the players gave us a clear victory. the first time in eight games that germany have conceded a goal so that would be disappointing?