an etihad airways plane. both men were detained on saturday in a series of raids across. australian federal police say they constructed a device, using military grade explosives sent to them by the so—called islamic state. more pressure on president trump as a grand jury is set up to investigate allegations of russian interference in last year's elections. the special counsel is reported to have begun his inquiry in recent weeks and this video is trending on bbc.com. hyperloop one has carried out its latest test of a futuristic high—speed transport system in the nevada desert. it hopes to carry passengers at speeds of up to 650mph in vacuum—propelled pods. in the uk, the bank of england cuts its growth forecasts and warns that uncertainty over brexit has hit

high—street spending and business investment. now, all the latest business in singapore. tour to reverse its earnings. will profits be next to roll off the assembly line? and we size up the petition as amazon dies into the already crowded southeast asian e—commerce market. good morning, welcome to asian business report live from singapore with me, marika oi. ourtop live from singapore with me, marika oi. our top story, toyota is due to release its earnings this afternoon. the focus is also on media reports that toyota and mazda will announce a$1.6 that toyota and mazda will announce a $1.6 billion assembly plant in the

us later today according to the wall streetjournal. toyota us later today according to the wall street journal. toyota was us later today according to the wall streetjournal. toyota was the only japanese carmaker which saw its sales rise in the most important market, the united states, in the month ofjuly. its smaller rivals struggled in the us but honda posted strong results next with cheap japanese yen and solid demand in asia. not as good for nissan which reported a sharp drop in profit. one a nalyst told reported a sharp drop in profit. one analyst told me why honda is doing much better than the others. there are some earnings in the united states which have been very weak across—the—board states which have been very weak across—the—boa rd soap honda states which have been very weak across—the—board soap honda as well is nissan did seek a very weak market sales in the united states. the things which honda did well is the motorcycle business and earnings and profitability from motorcycles did improve quite a bit in this

first quarter, partly because they had serious damage in the first quarter last year as a result of the earthquake. in the case of nissan, they do not have any motorcycle business and their us sales have been so, so. in terms of profitability, we did see a big dip in the united states in this first quarter so as far as automobiles are concerned, not so much of a difference between honda and nissan. i want to ask you about takata which provides seatbelts and airbags. ta ka ta provides seatbelts and airbags. ta kata recently filed provides seatbelts and airbags. takata recently filed for bankruptcy and it's been making headlines for all the wrong reasons and japanese carmakers have been affected by it. will that continue affecting those automakers? the worst is over. as far as the losses associated with this recall, it's was almost

reported last you buy this japanese car makers so reported last you buy this japanese car makers so we're reported last you buy this japanese car makers so we're not really expecting so much of a continuous damage from this deal, even though having said that, there still seems to be class—action cases in the united states going on and there might be some legal impact out of this class action case. especially honda, toyota, nissan. ridesharing service uber has apologised to be using recall honda vessels in singapore that had not been repaired. the wall streetjournal says uber was aware of the fact —— the defects and rented them to drivers. our report has been monitoring the story. uber has acknowledged in a statement to the bbc that it could have done more to

avoid this problem and they have since introduced much more robust protocols. essentially they bought more than 1000 defective cars. some of these had been recalled last year over a faulty electrical component. and catch fire, the vezel did. one driver had his dashboard and interior burst into flame and crack a big hole in his windshield. this was first reported by the wall streetjournal and was first reported by the wall street journal and thankfully the driver is unhurt. this isjust street journal and thankfully the driver is unhurt. this is just the latest in a long line of scandals that uber has been facing this year so that uber has been facing this year so it may be a case of uber expanding too fast, too quickly without putting proper systems in place. amazon's entry into

singapore's tiny market last week has shone a spotlight on the island nation's driving e—commerce sector. we have been finding out more about this market. we just we have been finding out more about this market. wejust found out we have been finding out more about this market. we just found out the location of the first australian warehouse. amazon seems to be investing a lot of money in the region, putting a lot of pressure on local competitors. this is a potential market in southeast asia of 600 million customers across the asean area and even though these countries are a different economic stages, the prize is getting into these big markets, indonesia, thailand, millions of people who are getting on to their mobile phones and shopping away not nobody‘s business. i went on a bit of a shopping trip to find out for myself. traditionally this is how most

singaporeans have shopped, adding to the supermarket to pick up their weekly supplies of fruit, vegetables and other groceries but the statistics show that this is changing and it's notjust in singapore. it is a pattern being observed across the asia—pacific region. increasingly, people are stepping out of the shops and doing their shopping on line. by some estimates, e—commerce in southeast asia is currently thought to be worth some $55 billion. by 2025, that will shoot up to more than $80 billion. and these are just conservative figures. which is why us on line retail giant amazon decided to make its singapore debut last month with this 100,000 square feet facility. we know that singapore consumers are busy, they love convenience and really, consumers

love convenience and really, consumers would love the idea of having a range of products available and make don't want to or can't make and make don't want to or can't make a trip, this is where they come. but singapore isjust a trip, this is where they come. but singapore is just an entry point and it's a crowded market. meet rosalita, who was a housewife and get paid to do it for others. she works for a singapore e—commerce firm. the reason why south east asia is attractive today is because everywhere else is slowing down. the collection of different southeast asian states are accelerating the growth, be it indonesia or thailand or the philippines. there is a lot of competition. the biggest player is china's alibaba, which owns lazada. there are dozens of other players vying for space across the region but they will not all survived. we will expect

consolidation of next year, to compete with a lot of the bigger players. but for those employed in the southeast asian e—commerce space, time are good, for now at least and for customers, well, a little competition can be a good thing. do you like to go fast because elon musk‘s last transportation system could be sent a reality. hyperloop one what in the nevada desert reach speeds of up to 650 kilometres an hour. this is the beginning and the dawn of a new era of transportation, the first new major former trust the patient in 100 years and it sounds incredible, it's the future, it is the sound of the future and it's going to basically change the way we live, where we work and make the

world a much smaller place and turn cities into metro stops. let's show you the markets before we go because all markets you are trading lower. japan is down under 0.5%, mainly the case of the japanese yen which has been quite strong against the us dollar. overnight in the us, will be —— wall street fell slightly after the blue—chip index hit a new all—time high on thursday. that's if this of asia business report. we will be back next hour. thank you for watching. the top story this hour. two men are

due in court in sydney over an alleged plot to bring down and ettie had airways plane. two leaders in the anglican church have come together to help address the refugee crisis in south sudan. but while the archbishop of uganda and his counterpart from canterbury have found common ground on this issue, they remain at odds on the topic of same sex marriage. the bbc‘s religious affairs correspondent martin bashir has travelled to meet both men in uganda and sent this report. above the lush plains of uganda, two archbishops are on a mission, heading north toward refugee camps on the border with south sudan. the welcome they receive in moyo is rapturous. but the conditions are horrendous. may i come in? thank you. the whole family sleeps here. it's very, very tough. it's horrible.

there are nearly a million south sudanese living in camps like this after fleeing a brutal civil war, with many families rushing to the border carrying only their children. while the archbishops are of one mind in their support for these refugees, there is another issue about which they are deeply divided, and it concerns not one country in one continent, but the entire unity of the anglican communion. your grace, shouldn't you be in the middle? stanley ntagali, a conservative evangelical, walked out of a global gathering of bishops last year after the american episcopal church voted to endorse same—sex marriage. he says the bible teaches that marriage is between a man and a woman, and that the growing ugandan church will not remain in fellowship with those who support same—sex unions.

you have been invited to the primates' meeting in october. will you be attending? no. why not? i have made it clear i am not attending because of the position the church of uganda holds. and that is that homosexuality is wrong? i thought you wanted to ask about the refugees, but now you are concentrating on that subject. i do not want to continue. that's enough. stanley ntagali says he remains committed to the anglican communion and will not be pulling the ugandan church out. although we have differences of opinion over issues around human sexuality, when we were dealing with refugees, we were exactly on the same page. archbishop justin welby concluded his visit by praying for peace and reconciliation in south sudan, a prayer that he probably repeated privately for the church that he leads. hello, this is sport today, live from the bbc sport centre.

coming up on this programme: the deal is done. a world record transfer fee of over $250 million, as neymar leaves barcelona for paris saint—germain. hosts the netherlands are through to the final of the women's euros at england's expense. and michelle wie fires a record eight under opening round to take a one—shot lead into the women's british open on friday. hello and welcome to the programme. we start with the news that was eventually set to happen. brazilian forward neymar has left barcelona and signed a five year deal with paris saint—germain for a world record fee of more than $250 million and the club have tweeted bem vindo or "welcome", in the players native portuguese language.

it more than doubles the previous record which is what manchester united paid for paul pogba last year and the club has called a press conference for 1130 gmt on friday. neymar shirts will be on sale in the morning from 8:00 gmt