latest missile launch. two us air force bombers have flown directly over the region. and us missile defence system in south korea has also been tested. president trump has vented his frustration with china saying it's doing nothing for the us on north korea. in venezuela, it's reported that three people have been killed in protests against the controversial election to choose a new parliament. opposition groups boycotted the vote. the us called the reform a "sham." and this video is trending on bbc.com. its russia's navy day parade of its warships and submarines. the annual event in st petersburg attracted large crowds and russia also showed off its naval hardware at its syrian base of tartus. that's all from me for now. stay with bbc news. and the top story here in the uk: the international trade secretary, liam fox, has cast fresh doubt on claims that the cabinet has agreed to free movement from the eu

after brexit during any transitional period. now on bbc news, all the latest business news live from singapore. interest rates take centre stage this week in australia and india us. taking a closer look at the business calendar and what you need to know. japan start up rates are the lowest in the world. can these young inventors jumpsta rt the economy in the world. can these young inventors jumpstart the economy of japan? good morning, asia. hello, world. welcome to another edition of asia business report. it's a monday. it is gearing up to be a big week for corporate earnings and monetary policy in the region. later today, we expect quarterly earnings from

japan's panasonic and british lender hsbc. on tuesday, the reserve bank of australia gets together, expected to keep interest rates at i.5%. midweek, india's reserve bank will decide on rates. rio tinto will give interim earnings as well. here are more details. if you look at what has been good in the japan economy, it is technological goods. panasonic is high. from the profit planning perspective, a lot of them use the yen. certainly, there is room for profit. rio tinto may be different in the sense that expectations for the commodity sector have been poor. 90% of their revenue comes from iron

ore which is doing well. investors are expecting a buyback and higher dividends. there is good news. what about big financial giants like hsbc? will they mirror what we have been seen from other big international banks? they will hope their trading results are better. the expectation is they will have quite a strong release as well. investors are hoping for a buyback. it isa investors are hoping for a buyback. it is a common theme for these financial places. in terms of central banks as well, we're hearing from the australians and indians this week. what are we expecting in terms of monetary policy? the reserve bank australia has to be reserved about housing. so not much. they have to worry about the strength of the currency. the inflation backdrop is not as robust as you would expect in the easing cycle, they will probably do nothing. india is different. they

have a 25 basis cut in the market. but with liquidity following the reverse of monetisation, there are things to expect. officials will not just be dealing with the economy, they are holding last—ditch talks with the uk's largest trade union to avert the first strike in 50 years. meton security and hospitality staff of the bank are threatening to go on strike. the trade union claims it will make the bank more effective. guitar‘s diplomatic row with four arab guitar‘s diplomatic row with four ara b states guitar‘s diplomatic row with four arab states is affecting its foreign reserves severely. the net international reserves fell by more than $10 billion injune to the lowest level in at least five years. -- qatar. four arab states cut ties with them alleging they support

terrorism. unlike the majority of americans, or even the chinese, most japanese don't consider being an entrepreneur a good career choice. the government is trying to change that to be with me is the bbc‘s mariko oi. you have gone to japan for a series of reports on this. usually, entrepreneurship has the challenge of starting with enough money. in japan, there challenge of starting with enough money. injapan, there is plenty available. the government has been offering a lot of subsidies. that is because entrepreneurship in general creates jobs and activities in the economy. when it was at its peak, japan's economy, the start—up rate was more than double what it is today, when we saw walkman and bullet trains and so on. we haven't seen bullet trains and so on. we haven't seen much since then. the government

is trying to encourage it. the cultural issue is one of the reasons it has in one of the lowest in the world. i went home to meet four young entrepreneurs all under the age of 30. we will take a look. navigating through morning rush—hour. this 28—year—old was once a salary man. but today he is a rare breed here, an entrepreneur. translation: i wanted to create a new product. i wanted to be an inventor. this is the product he came up with. a lock that can be controlled by smart devices. it is used in not just controlled by smart devices. it is used in notjust offices but also in shared accommodation. translation: it started when i was talking to my friends about how inconvenient keys were. everything else is becoming digital. so why can't we make keys more digital? we did not make prototypes thinking we would start a

company. we were getting together on weekends and after workjust as a hobby. that hobby turned into a multi—million dollar company in just three years, growing from six to more than 50 staff. so, this is how the product works. if i have a room with one of his clients, i download the application and get sent a code. all i have to do is do to gain access. so my phone essentially becomes the key during my stay. and when i checked out, the code expires. so the owner and i actually don't even have to meet. translation: not many entrepreneurs can be successful the first time around. we need to learn from our m ista kes around. we need to learn from our mistakes and failures. but injapan, once you fail, you struggle to get investment. i have met friends like that. japan needs to become more forgiving of failure. as the rest of corporate japan goes home, young

inventors a re corporate japan goes home, young inventors are dreaming big. the sign on the wall says never miss a good opportunity. for many who try and follow his footsteps, it may not be the of opportunities, but the fear of failure, that is holding them back. and she will have a lot more every week. the elite hackers of the world were recently in las vegas for defcon. the best way to get support from hackers is an onstage demo, and one from hackers is an onstage demo, and u from hackers is an onstage demo, and one group did it, and they did it with a cheap robot. there are several hundred here. they are

trying to hack that safe. from the outside of the safe, this thing is magnetic, we walked up, attach it to be safe, and it starts doing its thing. —— walk. —— the. a normal state has 1 million combinations. this reduces that from 1 million down to 1000. doing a demo at defcon is stressful, but we are pretty excited. clapping. so excited. we got it

open. that was the scariest thing ever. this robot is never going to come into someone's home and open up a safe. there are many other things they should be worried about. not a robot. this is just they should be worried about. not a robot. this isjust a they should be worried about. not a robot. this is just a fun demonstration. quite the show. staying with technology, samsung has dethroned intel as the largest chipmaker in the world by revenue. they make most

of their profits by the sales of memory chips used in mobile phones. they have a quarterly revenue of $15.7 billion. intel had $14.8 billion revenue on the other hand. the markets and how they have opened. asia, the nikkei over in tokyois opened. asia, the nikkei over in tokyo is fairly flat at the moment. a slightly stronger yen eating into those export related stocks. the all ordinaries index industry is down 196. ordinaries index industry is down 1%. and that is it for this edition of asia business report. i am sharanjit leyl. of asia business report. i am shara njit leyl. thank of asia business report. i am sharanjit leyl. thank you for watching. you are watching bbc news. a reminder of the headlines this hour. there's a been a show strength from america in east asia, after another ballistic missile test by north korea. the us says it wants the united nations to take decisive, punitive action. more violence in venezuela, during controversial elections

for a new assembly, to change the constitution. at least two people are dead. cathedrals have been built at the heart of our great towns and cities for centuries, but in the face of falling congregation numbers and rising repair bills they are being forced to modernise. fiona trott has been to durham cathedral to see some priceless relics of st cuthbert, which the cathedral hopes will help it to attract more visitors. one of england's most treasured landmarks. now some of its own treasures are being put on permanent display. the sanctuary knocker. it was the passport for criminals or those fleeing justice to get an extension on their sentences. they could come here, they could claim sanctuary for 37 days. for me, personally, this is literally the jewel of the exhibition. it is saint cuthbert‘s pectoral cross. he probably wore it as a bishop's cross during his lifetime. over 700,000 people visit durham cathedral every year.

but entry is free and running costs are high. at the moment our running deficit is around half a million a year. what we are trying to do is turn the ship and turn it into financial sustainability. this tower renovation alone costs £5 million. at guildford cathedral, costs and repairs there have been so high that at one point the bishop warned it may have to close its doors. at peterborough, they have had to make redundancies and a new dean has been appointed to try to pay off its debts. the church of england is currently reviewing the financial management of all of its cathedrals. a special working group has been set up. here in durham, visitors say they will be happy to help cathedrals meet their costs. it is important for the upkeep if an admission charge has to be put here, i certainly wouldn't complain

and i think it is something that must be done to keep the place the way it is. i would be happy to pay, to see an exhibition or evenjust to get inside and help pay for restoration in some small way. how much would you pay? £10 sounds fair. i think it is important to preserve the heritage for the country. over the years the number of worshippers coming to cathedrals has declined. making use of their religious past may be key to preserving their future. that is it from me. you can get in touch with me on twitter. now it is time for the sport. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: jodie taylor scores the winner as england qualify for the semi—finals of the women's

european football championship by beating france 1—0. sebastian vettel wins the hungarian grand prix and extends his lead in the formula 1 world championship. and ben stokes removes south african skipper faf du plessis for a first ball duck as england close in on victory in the third test at the oval. hello and welcome to the programme where we start with the news that england are through to the semi—finals of the women's euro 2017 football championship after a 1—0 win over france. it was jodie taylor with her fifth goal of the tournament that ultimately set up a clash against the netherlands on thursday. tough games are about getting a chance on doing the most with it. fortu nately, chance on doing the most with it. fortunately, it was a great ball, so i was able to take