through the state's wine regions. the fires cover an area larger than 60,000 acres. more than 20,000 people have been evacuated. winds of more than 60 kilometres per hour are fanning the flames across the region. barnaby joyce, australia's deputy prime minister, is one of seven politicians facing scrutiny over dual citizenship. a hearing on the issue is now under way in the nation's highest court in canberra. and this story is trending on bbc.com. oscar—winning producer harvey weinstein has been sacked from his own company following allegations that he sexually harassed women for decades. some in hollywood including meryl streep condemned his behaviour. that's all from me for now. stay with bbc news. and the top story here in the uk. theresa may has challenged eu leaders to open trade talks with britain, indicating that the government's prepared to walk away from the negotiations without a final deal. now on bbc news, all the latest

business news live from singapore. the end of the world bank warns many low skilled workers will lose their jobs to robots. and switching to super worms, as an alternative to palm oil, we zoom in on the ambitions of an indonesian start—up. good morning, asia, hello, world. it's tuesday, glad you could join us on asia business report, i'm rico hizon. the prospects for the global economy are indeed looking up, but the world bank is warning that this is no time for complacency with political and financial leaders

descending on washington for the annual meetings of the world bank and the international monetary fund this week. the head of the antipoverty agency is rolling out new initiatives to encourage more investment in human capital and education. he sat down with the bbc‘s michelle fleury to discuss this urgent need to prepare people for the future workplace. automation and technology is going to eliminate so many low skilled jobs. in developing and developed countries? in most developing and developed countries. the one thing you know for sure you'll need in whatever the economy looks like in the future is people who can learn, who are able to adapt to new situations, who are able to learn new things, and right now many countries in the world do not have a workforce that is capable of that. it's time that we move on. what is the human capital project? we started looking at what is the

connection between investments in human beings and their health and education and social protection. what's the connection between that and economic growth? what we found was the connection is far more profound than we had imagined. 0ne of the studies that we looked at where we compare the countries in the world that have improved their human capital the most versus the countries in the world that have improved their human capital the least, the top quartile grew over a 25—year period i.25% gdp faster than the group that improved their human capital the least. the group that improved their human capitalthe least. you the group that improved their human capital the least. you plan the group that improved their human capitalthe least. you plan on shining the light on it by producing rankings? in a year we will publish a ranking that looks at the stock of human capital, what is the state of human capital, what is the state of human capital, what is the state of human capital now, but we will look at the flow, what are you doing to improve your human capital overtime? most importantly for every country, we're going to work with them to find ways to improve air quality in

their investments in health and education much more quickly —— equality. wall street falling from record levels overnight but quite a ride for the american stock market, which had been on the longest run of record closes in more than two decades. a good performer has been the tech rich nasdaq composite index. earlier i spoke to someone from nasdaq and i asked him what was behind this bullishness. we're going into the earnings season very strong, investors think the earnings will be good, the global recovery continues not just in will be good, the global recovery continues notjust in the us but investors believe that's going to continue and then the final piece is tax policy in the united states. they believe that the two parties will come together on some kind of tax deal, and that will drive earnings and continued growth and those things will obviously drive the stock market higher. bob, this rally since president trump was elected on november the eighth has

been unrelenting, not only for the nasdaq but also for the snp and also the dow. how different is the market surge since november the eighth compared to the previous ones since you've been at nasdaq? i've never seen you've been at nasdaq? i've never seen anything like it in my 30 yea rs. seen anything like it in my 30 years. it's concentrated in a number of years, the indexes have become a bit top—heavy, some of the largest companies in the world, in fact the five largest, are all listed on nasdaq. we have seen our market go up nasdaq. we have seen our market go up by nasdaq. we have seen our market go up by 28% just this year. technology, as you indicated, is driving a lot of that growth. bob, you are in asia five to six times a year searching the region for potential initial public offerings, how different is 2017 in terms of the ipo market compare the 220 2016? we've had more listings compare the two last year, 11 versus nine ——

compared to 2016. we believe there will be more between now and the of the year. what's interesting is the listings are coming from outside china. the preponderance we have en masse dagg, about 100 companies, all from china —— on a stack. but masse dagg, about 100 companies, all from like a —— on a stack. but feelslikein singagore indonesig ! certainly for feelslikein singagore indonesig ! cer —— m’f; for staff; le“; 3l; “ ti fz’ parliament. staff; le“; 3l; “ 212 £12 parliament. while she has said no, people are watching whether she will make a surprise return to national politics. with less than two weeks to go until the polls on the 22nd of 0ctober. for more we are joined by sharanjit leyl. she is the tokyo governor. she has essentially told reporters that she will 100% not run

for this snap election that's been called for october the 22nd against crime minister abe and his liberal democratic party. lots of speculation that she would have run —— prime minister. she has told reporters she is not running and there's a lot of speculation her popularity is flagging, it is certainly flagging in the polls and she wants to stay on as tokyo governor and speculation is she would get more of a boost during the tokyo 0lympics would get more of a boost during the tokyo olympics in 2020. she is dubbed the most powerful woman in politics in japan. she dubbed the most powerful woman in politics injapan. she started as a tv news anchor. she is also sometimes described as a lipstick ninja, rico, and she launched her new party of hope just under two weeks ago really to take on the conservative ldp. but it's also got a very similar ethos as the ldp. it's also a very conservative party.

she's riding on a populist wave really because she's launched something to take on abenomics, but it's really this whole fiscal reformist policies she is trying to enact that will reduce japan's reliance on fiscal spending, which is what abenomics is all about, and also monetary easing, and she is trying to freeze a sales tax hikes, a populist move, planned for 2019. still time for her to change her mind with a few hours to go. thanks for the update. this year's nobel season has wrapped up with the economics prize, richard taylorfrom america has one $1 million for his work in behavioural economics, the study of how psychological and social factors affect how people make decisions in the economy and financial markets. would you eat oil made from insects? i don't know, it

might taste good. a group of indonesian students turned businessmen think we should. right now the most commonly used vegetable oil is from palm fruit, found in everything from toothpaste to margarine. as demand increases, vast areas of ra i nforest margarine. as demand increases, vast areas of rainforest have been cleared for paarl palmolive plantations —— palmolive plantations, is it sustainable? this is what is being turned into edible oil top blue they feel very crawly but they are very oily. ——. oil top blue they feel very crawly but they are very oily. --. it is a good source of edible oil, 40% of the body mass is that so the fatty acid properties are very good and healthy —— is fat. acid properties are very good and healthy -- is fat. these are the fried super worms, people don't normally eat them but the farmer of

this place has bribed them up to show us what they taste like and the sort of oil that is in them. a few spices, i want to try them. pretty good. they see insect oil as a sustainable alternative to palm oil, the world's most productive vegetable oil that's been blamed for rapid deforestation in indonesia. as ra i nfo rest rapid deforestation in indonesia. as ra i nforest is rapid deforestation in indonesia. as rainforest is slashed and burned to make way for plantations. they claim with insects they can create 150 tons of oil annually with just one hectare of land. that's a0 times more productive than palm oil. first we killed the insects and then we drive them. after we have dried them we grind the insects and we put them into an extractor —— first we kill —— after we into an extractor —— first we kill — — after we drive into an extractor —— first we kill —— after we drive them. then we put

them into edible cooking oil. -- dry them. it has won them international awards and attracted foreign investment. we are so excited about the investment because it will allow us to finish our pilot year to see if this can be a workable business. this is one of the final products, margarine from the insect oil. let's have a taste. you cannot tell the difference, right? no, you will have no idea you are eating insects this time. it is creamy. you know what, rebecca, i mightjust give it a try! thanks for investing your time with us, i'm rico hizon, sport hizon, sport today is coming up sport hizon, sport today is coming up next. the top stories this hour: a senior republican says president trump could set america on a path to world war iii and claims white house staff try to contain the man at the top.

one of the worst firestorms in california's history is tearing its way through parts of the state's wine region. at least ten people have been killed. a man who planned to bomb a railway line with a home made device has been jailed for life. zahid hussain from birmingham became radicalised after reading books and online articles. he built the bomb using a pressure cooker and fairy lights as improvised igniters. a jury at winchester crown court was told hussain wrongly believed the pressure cooker bomb could cause devastating injuries, it was in fact incapable of detonating. if you have any old pound coins, now is the time to spend them. from next monday, the old pound will no longer be legal tender, and businesses will be able to refuse them and only take the new ones instead. but will they? some shops are expected to ignore the royal mint‘s deadline and continue accepting old coins, at least for a few weeks. sima kotecha explains. they've been the same for more than

30 years, but now it's all change. just days to go before the round pound coin will no longer be legal tender. and from sunday retailers can refuse to accept it if they choose to do so. at this newsagents, the owner's making it herjob to tell customers the old coin is on its way out. how many old pound coins have you got in your tail?|j would say about 30 in there. mostly old ones? old and new. is being replaced by the 12 sided pound coin designed in the midlands and being used since march. it was produced to help crack down on counterfeiting. you take them to the bank, a lot of people don't know, we still take the old fivers, lots of people don't know that and we take them to the bank. we survey of tourists and they don't know. i found a problem with some of the shopping trolleys and you have to fiddle with them a bit,

you have to fiddle with them a bit, you know, because the old ones were so you know, because the old ones were so easy because they're so round and these are 12 sided. it's one of those things, you know? so this machine takes the £2 coins, the new one and the old one. the royal mint has advised businesses across the country that by sunday they must try their best to update any equipment like this so that it can take the new money. but there's no need to panic. you'll still be able to take the old coins into banks and building societies. the advice is checked those coat pockets and down the packet of the sofa in case you've got a few bob that need replacing and do it as soon as you can. sima kotecha, bbc news, birmingham. we have certainly been warned! lots more on the website. if you want to get in touch with us here at bbc world news, you can do so on social media. i'm @bbckasiamadera on twitter. time now for all the sports news in sport today. hello, this is sport today, live from the bbc sport centre.

coming up on this programme: iceland will be at football's world cup for the first time, after qualifying for russia 2018. pakistan are withing touching distance of winning the second test against sri lanka and levelling the series. and the houstons astros end the boston red sox quest for the world series with victory at fenway park. hello and welcome to the programme where we start with the news that iceland have qualified for theirfirst ever world cup finals. goals from gylfi sigurdson and johann berg gudmundsson gave them a 2—0 win over kosovo and top place in their group and a place in russia next year. and you may hear more of this!