the headlines: france has chosen a new president. the pro—european centrist, emmanuel macron, who's just 39, was elected in a convincing victory. he promised to fight divisions in his country, and to combat the threat of terrorism. more than a third of voters chose marine le pen‘s hard—right vision for france — she vowed to turn her attention to the coming parliamentary elections, and said her national front party was now the main opposition. 82 nigerian schoolgirls kidnapped by the extremist group boko haram three years ago have met the country's president after being freed in a prisoner swap. they were among more than 200 girls taken from the town of chibok. and north korea has detained a fourth american citizen on suspicion of a cts fourth american citizen on suspicion of acts against the state. that's all from me for now. stay with bbc news. and the top story here in the uk. as election campaigning continues —

labour has pledged not to raise income tax for anyone earning less than 80,000 pounds a year. the euro rises on emmanuel macron‘s victory. what does it mean for global business and trade? and we look at why pharmaceutical companies are resisting donald trump's plans to cut red tape. welcome to asia business report. france has elected a new president, emmanuel macron, and the euro has risen during the trading day in asia as the markets breed a sigh of relief. the euro factor against the yen hit a one—year high since

falling back slightly, and this is how the other currencies are trading at the moment. if we look at the other financial markets that have just opened,, the nikkei hasjumped almost 1%, the all 0rdinaries as well, and the hang seng due to open just a little later. of course mr macron is seen as business friendly. he defeated the far right‘s marine le pen, who vowed to take france out of the european union. he won 66% of the popular vote according to the interior ministry and it was an election that divided the country, but he says he's ready to deal with difficulties facing france. translation: and for the next five yea rs translation: and for the next five years my responsibility is going to be to calm fears and to make us believe in optimism again, and to recover the conquest spirit, which

is the best definition of the french spirit. my responsibility will be to gather together all the men and women who are willing to face the challenges that we have to expect. what will his win mean for business? my what will his win mean for business? my guests specialises in geopolitics. we've been talking a lot about his domestic agenda, and he talked about it during campaigning, but how is he going to be for the rest of the world? of course we are all watching. we seen those markets picking up. will he fulfil his promises? thank you. in fa ct fulfil his promises? thank you. in fact during his campaign he fought very much on domestic economic policy. the foreign one, i can see two circles. the first will be the european union and the second theme will be outside the european union. he positioned himself as a champion

of european union co—ordination and cooperation, so secondly they want to scale back from the existing rules and agreements that they have, and maybe they will go even further now that the united kingdom is getting out of brexit. maybe they will believe that one of the obstacles concerning the future cooperation and integration of the european union is also going down, and during his campaign he was also quite hard concerning brexit. he said it won't be easy and he won't make it easy! but for the rest of europe it is very good news because they will continue with the existing agenda. he didn't go very much outside. he went to the united states but now the relationship with president trump won't be the best one. as we know, president trump to some extent wanted to help marine le pen to win, while for asia, since china is positioning itself as the

champion of globalism, we just have too referred to xi jinping champion of globalism, we just have too referred to xijinping going to dallas — probably hear there will be much more options concerning cooperation. let me ask you one question. 0bviously asia is looking at this more positively, but how is he looking at asia? will he visit?|j think he will, because after europe it will be the first, i would say, reason to visit because of the amounts of money that we are talking about, and also the cooperation. 0n the other side of the atlantic, since president trump is not positioning himself as a globalisation champion, i don't see many other opportunities, so this is why maybe by default he will come to asia rather than somewhere else. we will leave it there. thanks for joining us. let's ta ke joining us. let's take a look at some of the news will be keeping an eye on this

week. tomorrow, tuesday, it's the turn of the south koreans to cast their vote for a new president. the election comes just a month ousted president was arrested on corruption charges. snap will release its first earnings report in new york, and toyota later will release full—year results. the strength of the yen has been a drag on the carmaker‘s earnings, and we'll also keep an eye on oil prices after a big slide at the end of last week, though oil prices did see an uptick on friday. earlier i spoke to simon littlewood from acg. he started by explaining what he is expecting from south korea's collection. a lot has been said about the need for transparency, and of course the previous president, poor thing. timmy, it's clear the south korean economy depends massively on the

relationship between these vertically integrated combines and the government, and political corruption is a reality, so i don't see any change in the nature of the establishment or the politics. the big thing, the big story in korea is because of demographics you now have a majority of the population born after the korean war, so they don't share the same attitudes towards the north. i've got to push onto those other things on the agenda. toyota is the other one of course, the world ‘s largest carmaker reporting earnings on thursday, and of course we know it's a very intense kind of market we are seeing, particularly in the us, and trump insisting these carmakers start producing in the us. it's interesting. i remember being on this so when toyota became the largest carmaker about a decade ago. they are facing two major challenges in the us. globally the yen has climbed significantly over the last couple of years. that's hurting

their earnings. secondly, trump used a lot of rhetoric during the campaign about how he would punish companies that imported lots of robert and didn't employ workers. the difficulty is that he has walked back on a lot of this rhetoric. 0ur reading of this is that there will be some kind of tokenism, some kind of deal done. got to snap in there with snap coming in with its earnings for the first time. with snap coming in with its earnings for the first timelj with snap coming in with its earnings for the first time. i had to have my daughter explained what snapchat was, and it didn't film you with joy. it's one of these highly frothy text docks where the results will be disappointing. they are struggling to monetise the product. but the reality is that the price—earnings ratio there is very little reference to earnings. simon littlewood. the trump administration's response to slow but steady growth in the united states has been to declare that cutting red tape would boost company

profits and economic activity. the president has issued orders and initiatives for a range of industries, and one of them is the pharmaceutical sector. the president has said cutting regulations would make it easier for drug has said cutting regulations would make it easierfor drug companies has said cutting regulations would make it easier for drug companies to get new medicines to the market, but how realistic is that proposal? with the executives of big pharmaceutical by his side, president trump said low hearing the cost of prescription drugs had to be done. how? cutting regulations. we are going to be streamlining the process so that when you have a drug you can get it approved instead of waiting for many, many years. in that meeting in the white house was the influential pharmaceutical lobby group. we are living with regulations that were developed a0 yea rs regulations that were developed a0 years ago. we have to keep safety first but there are opportunities to modernise the system to be able to give medicines to the marketplace

faster and help patients. faster approval by the federal drug administration or fda would mean more drugs on the market, which should increase competition and bring down prices. but the cost of that idea could be even greater. in patient safety. this is a small drug company that patient safety. this is a small drug com pa ny that tests patient safety. this is a small drug company that tests new cancer treatments. these are the companies that take most of the risk when getting a drug to market, a process that can cost billions of dollars, ta ke that can cost billions of dollars, take ten to 15 years, and no guarantee of success. but perhaps surprisingly, they are not convinced faster approval zara good idea. what's important is to develop effective therapies that are also safe. i don't believe we should lower the bar. the president's views on the pharmaceutical industry, like his views on others, is that there

are simple business solutions to its problems. however, the testimony from the industry itself demonstrates that donald trump was mac solutions don't always have much to do with the underlying problem. let's ta ke to do with the underlying problem. let's take a look at those markets. i was telling you about them at the start of the programme, but they continue to rise, the nikkei really on the rise, the highest since september 20 15. that's it for this issue of asia business report. the top stories this hour. france has a new president. the pro—european centrist, emmanuel macron, who's just 39, was voted in with a projected 66% of the vote. but more than a third of french voters chose marine le pen's hard—right vision for france — she vows to turn her attention to the coming parliamentary elections.

making an album can take time and a lot of fine tuning. but one orchestra here in the uk is looking for a one—take wonder — that's a direct—cut recording, straight onto vinyl. it is in effect like a live concert. straight to vinyl is something very new for everybody today. it is possible that at the end of the day they'll have nothing. recording straight onto vinyl as we are playing, the little groups of vinyl are being created, so it's really what you play is therefore ever. so we have the recording studio with

all the musicians in and all of the microphones in front of them. those signals then go to a recording desk where the stereo balance is made, so we end up with the signal, left and right. they then travel up to flaws, those two wires, into the equipment here, and straight into the cutting blades. these two coils pushed down a sapphire stylus which inscribes a groove onto a piece of acetate, and they will be inscribed here, as you can see, and that acts as the master. this moment is the only chance to capture it so, if there's a problem with the processing, or if the transport to the factory, in germany... the whole thing could go down. so it's a massive outlay for mike. thanks to my bank manager who says, get it right. the proof of the pudding is in the listening and eve ryo ne pudding is in the listening and everyone who's heard it goes, sounds wonderful. it is what it is today,

and that's really exciting. british olympic diver tom daley has married his partner, dustin lance black. the couple got married at the service in a luxury hotel in dartmoor in devon. they are not faring agent in 2015. he announced it on the youtube video in 2013 that he had boyfriend. and graffiti artist bank c is taking on brexit, depicting the european flag being chiselled by a workman to remove one of the 12 stars. now it's time for sports day. hello there. i'm tulsen tollett.

this is sport today, live from the bbc sport centre. coming up on the programme: arsenal end manchester united's 25—match unbeaten run in the premier league and keep up hopes of securing a place in the top four. heartbreak for feyenoord fans, as neighbours excelsior spoil the party, meaning the race for the dutch eredivisie goes down to the final week. and maria sharapova will meet one of her staunchest critics, eugenie bouchard, in the second round of the madrid 0pen. hello and welcome to the programme. plenty to get through. we start with the english premier league and arsenal beat manchester united 2—0 to keep alive their feint hopes of finishing in the top four. a moment of good fortune gave the home side the lead. granit xhaka's shot deflected in off ander herrera and beyond david de gea in the united goal. the second though was a moment of quality, a cross from the right,