his younger sister more power. 28—year—old kim yo—jong willjoin the politburo — the nation's top decision—making body — replacing her aunt. huge crowds have turned out in barcelona, in a show of support for the unity of spain and against plans for the independence of catalonia. it's not clear whether the region will go ahead with a full declaration of independence. and this story is trending on bbc.com... the us vice—president, mike pence, has walked out of an american football game after some players knelt down during the national anthem. mr pence said he would not dignify any event which showed such disrespect. the symbolic protest against racial injustice has been staged at a number of games in recent weeks. stay with bbc news. and the top story here in the uk: on the first day of the snp's conference in glasgow, nicola sturgeon has insisted, with brexit looming, the case for the country being independent

has arguably never been greater. now on bbc news all the latest business news live from singapore. all refineries assess the damage left behind by the third major storm to hit the coast in more less than two months. and the biggest tax reforms in india. welcome to asia business report. it isa welcome to asia business report. it is a brand—new week with a new devastating storm. this time at least 30 people in central america we re least 30 people in central america were killed before the hurricane irma sped across the us gulf of

mexico were more than 90% of oil output remained shut. instead of rising warriors, oil prices fell on oversupply concerns. looking ahead to the week, the us federal reserve will release minutes from his previous meeting on wednesday and later this week, china will release its trade figures as well. we will be watching further. i asked why prices closed down. one of the things that boyd oil market is talks ofa things that boyd oil market is talks of a production extension. vladimir putin said it could go to the end of 2018. on friday, they walked back from that. but the mere putin's state m e nts from that. but the mere putin's statements were clarified. we saw that reaction and at the breakdown. the storm was a secondary impact but oil traders are worried about the

lift in us exports and what it means about a supply demand imbalance. us interest rates— win at which way they are headed, up. how quickly will they get their? it is a question of short rate and long rates. rates backing off with worries about north korea and that kind of things. 90% charge that cme watch is looking at a december high. pretty much every speaker is saying they need to go up. the big spike in wages from friday night's data and the unemployment rate at a 16 year low gives reason to pause. we are seeing strong data from china as well. more expected this week. china

is both a beneficiary and the cause ofa is both a beneficiary and the cause of a big synchronisation in global growth. in 2018, every single country it covers is get to be great for the first time in a decade. the chief executive of one of the big four global accountancy firms thinks china is guilty of stealing ideas and intellectual property from foreign firms but he insists other nations are just as culpable. mark weinberg sat down with our correspondent. we started by asking him if he was expecting a catastrophic war that from china's drumming debt. i do not see an impending catastrophe. i think, as you say, the level of reserves of the chinese government has is quite sick if it could, growth is still there to be able to pay off debt that it there to be able to pay off debt thatitis there to be able to pay off debt that it is up to the monitor. when it gets so large, the crowds out

growth, it becomes a problem. if the individual institutions cannot pay off the debt and it leads to ba n kru ptcy off the debt and it leads to bankruptcy it is a problem. some of these firms should go bankrupt, to you share that view? the private sector will work. a large part of the chinese economy is still run by state—run enterprises. they are getting more efficient, it categorising high risk and competitive ones. that i think will allow the market to fix the situation. what about the banking sector. companies using way to raise money in their shadowy banking. high risk. do you see any concern? well, we haven't seen that in the world before! people take advantage around the edges. that is why the

government has to make sure they can make it transparent and regulate it. 0pening make it transparent and regulate it. opening up the financial system and putting regulations and protections in. that has to be confident in the capital market. the chinese economy will continue to be a global economy. president trump thinks chinese company still from the us and the brits... take intellectual property... there is not one standard. my guess is, in some parts of the world, it is easier to use different technologies... that sounds like a polite way of saying yes. i do not know the exact situations you are referring to and the fax but there is no doubt about it, when you look at situations around the world, it is not limited

to china. many chinese will be heading back to work this morning after the golden week holiday. half after the golden week holiday. half a billion people travelled during the period and it is a hugely important week for tourism operators. how did they do this year? hundreds of millions of people trudging back to the office with the post holiday blues. about 710 million trips within china are shown by data. they spent about $90 billion in us, which is our lot. retail and restaurant sales were up. internationally there were also some interesting trends. most notably, south korea has dropped down the list. it was at the top last year

and it is not even in the top 20 this year and it reflects the subway and bit of caution about the situation in korea but also a certain amount of people buying into a bit of tension between china and south korea over the anti—missile programme. 0ne south korea over the anti—missile programme. one other loser was macau who —— which didn't get many people into their casinos this year. 100 days since india rolled out one of its biggest economic reforms in history. it overhauled its taxation system history. it overhauled its taxation syste m o n history. it overhauled its taxation system on the first ofjuly this year bringing in the gst. the many small and medium—sized businesses, they are finding it is not as simple as promised. it has been a hard knock the many small companies. factories like this

one have been grappling with the changes to india's tax system. here, they make shock absorbers, most of which are sold overseas. before the gst, exporters were exempted from paying most taxes on raw materials. in order to claim the money back from the gst, the government has been slow on refunds and this means small companies have been running out of cash. i would like to say the refunds needed to be immediately on. they need to be immediately dispersed. the government is taking note of the exporters problems and they announced a few changes on friday. translation: it is taking sometimes thought tax refunds to be refunded digitally. we need to ensure these are given to companies. companies with a turnover of less

than $32,000 can file taxes every quarter. cash flow is not the only problem. finding the correct tax rate to be charged for every item they buy and sell from a government list of hundreds of goods and services is proving to be a big challenge. 0ne single tax and the free movement of goods on highways from one state to another across india — the gst was marketed as a silver bullet to make it easier to do business in this country but more than three months after it was rolled out, many small companies, traders and consultants are still struggling to understand how it works. even so, many business leaders believe the new tax system will benefit india in the long run. with its latest announcement, the government has shown it is listening to these small companies but

implementation is often be a problem in india. the country has already seen a in india. the country has already seen a slowdown in growth and that can only change in production begins to pick up at factories like this one. a quick look at the markets before we go. just a few markets open at the moment. australia is edging up and japan's nikkei and south korea are both shut. the us markets will be partially shut for the columbus day holiday. we are looking out for all the data, including the chinese data. chinese markets back after the holidays. the top stories this hour: a promotion for the youngest sister, kim yo—jong, increasing control. support for unity in spain.

the snp leader nicola sturgeon says she won't think about the timescale for another scottish independence referendum until the brexit deal becomes clear. 0ur political correspondent iain watson reports. the political weather has been changing in scotland's largest city in recent years. once a labour stronghold, the council is now run by the snp. and the majority of voters in glasgow backed independence in 2014. earlier this year, nicola sturgeon suggested there could be another independence vote as early as next autumn, but in this city this morning, her timescale sounded far more flexible. there are many people i think in scotland who desperately want to see scotland become independent. there are others who are not convinced and who'll never be convinced and there are others who perhapsjust think we need a bit of dust to settle on brexit. so what's changed ? well, there's the small matter of a general election where the snp lost one—third of the seats at westminster and now this conference, an snp

conference remember, independence isn't even formally on the agenda and privately, some of the most senior figures in the party are saying, "don't expect to see a second independence referendum before the next scottish parliament elections in 2021." and here's perhaps the reason why the snp leadership are reflecting on the timescale for independence. is it odd that independence doesn't feature as a formal item on the agenda for this conference? well, you know, we are damned if we do and damned if we don't. this is the party of independence. of course we have the brexit bill coming back to parliament. we need to make sure we are arguing for our national interest in that which is about staying in the single market. so the snp say their immediate priority at westminster will be to work with others to oppose conservative legislation on leaving the eu, but some semoir party figures are saying privately that they should go further, that the referendum they should be arguing for isn't won on independence but on brexit. and that seems to reflect the view of pro—independence

voters here in glasgow. no, i think she should just hold her horses and kind of wait. i wanted independence. i wanted to stay in the eu. however, i think the people of scotland have kind of spoken. this autumn, expect the snp to continue to put clear blue water between them and the government on brexit, but also expect to see far less focus on a second scottish independence referendum. iain watson, bbc news, glasgow. that's it from me. don't forget you can get in touch with me on twitter — i'm @babitabbc. time now for all the sports news in sport today. this is sport today, live from the bbc sport centre.

coming up on this programme: world number one rafael nadal beats nick kyrgios to win his sixth title of the season. united states vice—president mike pence leaves an nfl match after players kneel during the national anthem. ans fans celebrate in cairo as egypt qualify for their first world cup finals in 28 years. hello and welcome to the programme, where we start with the tennis news that rafael nadal has won his sixth title of a remarkable year by beating nick kyrgios at the china open on sunday. the australian was beaten in straight sets by the spaniard as the world number one secured his 75th atp crown. rob heath reports. wired for sound and, initially at least, plugged in on the court, nick kyrgios matched rafael nadal in