in south korea outlining his plans to deal with north korea's nuclear programme. he'll address politicians at the national assembly, just hours after saying the north should come to the table to do a deal and that he hopes to god he doesn't have to use military force. more details are emerging from the leaked paradise papers. they reveal that prince charles campaigned for climate—change agreements to be altered, without disclosing that his private estate had a financial interest in the reforms. and this story is trending on bbc.com. edward enninful, the first black editor of british vogue, has unveiled his debut edition, focusing on diversity. that's all from me for now. stay with bbc news. and the top story here in the uk: it's being reported that the international development secretary priti patel held two further unauthorised meetings with senior israeli political figures, which weren't attended by uk government officials,

on her trip to the country. now on bbc news all the latest business news live from singapore. leaders of the world's two leading economic powers are set to meet as president trump stops off in china. and one year after india's shock de monetisation, we look at how will rural villages are coping with going cashless. welcome to asia business report. when us president donald trump arrives in china today he will be joined by the bosses of more than 200 american businesses. during their visit they will look to strike billions of dollars worth of deals, but there are many sticking points, including america's huge trade deficit with china, which dealt with

over 300 billion dollars worth of goods last year. earlier i spoke to the chief investment officer for the asia—pacific at credits. i asked if mrtrump was asia—pacific at credits. i asked if mr trump was likely to make much headway. certainly there will be a number of large multibillion dollar deals announced, but whether or not simple trade can actually be meaningfully influence market access and mutual confidence, i don't think it will. we know mr trump has a number of chief executives in some of the large firms, including goldman sachs. we are expecting these deals to be announced and further market access for these companies. are you suggesting these are —— this is surface gloss?

companies. are you suggesting these are -- this is surface gloss? trade is one of those intractable problem is one of those intractable problem is that the us had many difficulties with in the 80s and 90s with japan. it's not going to go away. where there is real concern is whether there is real concern is whether there is real concern is whether there is access, which clearly there is not. does the blame lies with china? i think china's willingness and ability to open up its market in the same way for example that the us does is not really there. i don't think anyone would suggest otherwise. from an economic perspective, clearly there is a homebuyers in china which is likely to remain for some time. —— home buyers. this does lead ultimately to the large instances of trade imbalances. at what we found with japan, andi imbalances. at what we found with japan, and i think it's a reasonable blueprint for china, is that it ta kes a blueprint for china, is that it takes a long time for this imbalances to diminish. do you think

this imbalances to some extent, the market access china could provide the us financial providers, the argument is that it could help china gain financial maturity in its own markets. are there plus side is for china? that's a good point, but it does, the cost of a local financial institutions and i don't think there's yet the political willingness or ability to countenance that hit. shares in the parent company of snapchat took a tumble after it reported worse than expected earnings. that's a third straight earnings. that's a third straight earnings miss. stocks plummeted by as much as 20% and earlier i spoke to our north american technology correspondent and asked why investors are abandoning the company. several missed the target is forced snapchat in this round of earnings. they only added 4.5 million users. investors had hoped for a 8 million.

they also announced that their advertising rates, the amounts companies pay to advertise, has gone down by 60%, as they tried to change toa down by 60%, as they tried to change to a new system for selling out. that didn't work as they would have liked. and one of the most embarrassing things for the company, this time last year they released a product, the sunglasses that have a camera built in so you can film short clips of un to friends. they we re short clips of un to friends. they were the talk of the town when they first came out. they are not selling and the company has had to do a right down of $40 million. so there's a lot wrong there because snap that just there's a lot wrong there because snap thatjust isn't doing as well as people predicted at investors, as you are mentioning, have voted by selling their shares. 20% down. not a good day for the company. paramount pictures has ended a financial agreement for $1 billion with china's media company, due to

recent changes in china's foreign investment policies. i'm joined by our business reporter. it doesn't help that it is today donald trump is about to visit china. the entertainment media is buoyed by the us. this is a big entertainment studio. 0ver us. this is a big entertainment studio. over the summer, us. this is a big entertainment studio. 0verthe summer, it us. this is a big entertainment studio. over the summer, it did announce it would announced —— invest $i announce it would announced —— invest $1 billion in china. that would go towards 25% of film making for the studio, which would last for about three years. now they've agreed to call the deal off and this is because the chinese are now cracking down on foreign investment. what paramount has done is it has a couple of independent deals with other companies, but there were some rumblings over the summer that this wasn't going well. the head of the studio said that huahua had not given payment as ofjune and huahua was concerned about some of the earnings at the box office. they

we re earnings at the box office. they were expected to be big hits, like transformers. so now it looks like hollywood is having to pull back from their ambitions to invest in hollywood. thanks so much. we will be watching that story closely. we will also be watching shares of toyota today, after they reported better than expected results. the japanese car giant raised their profit forecast by 8.1% to $17.5 billion, essentially due to the weakening japanese yen. more from tokyo. we are getting the latest results from two of japan's car giants we are getting the latest results from two ofjapan's car giants on tuesday. toyota had good news for investors, announcing it is buying back some of its own shares and has also revised its profit outlook for this year, joining honda in doing so, partly thanks to the weaker yen. but if you are not an investor or trader your bigger concern might be about the safety of its products, because of the scandal surrounding

the steel co and toyota said after reviewing its products it can assure consumers that its cars are safe. we will be hearing from nissan on wednesday, but the story there might be different because it had its own inspection scandal. those shares are trading up at the moment. it was a shock announcement one year ago. india's government said it was withdrawing nearly 90% of banknotes in such elation. the surprise announcement of banknotes in such elation. the surprise announcement was of banknotes in such elation. the surprise announcement was aimed at cracking down on unaccounted wealth. and encouraging indians to go digital. but the move was disruptive, especially in rural areas. one year on, hasn't a success 7 areas. one year on, hasn't a su ccess 7 we areas. one year on, hasn't a success? we visited one village in india that tried to go cashless. atan india that tried to go cashless. at an event in december last year, the government announced that this village, about 100 kilometres from mumbai, was going cashless. for the first time ever, people were shown how to use a card machine and dozens

we re how to use a card machine and dozens were distributed to traders in the area. one yearon, were distributed to traders in the area. one year on, cash is king again. even though the poster outside this shop loudly says that digital payments are the future, most of his customers use cash. translation: the main problem is that the network is often down. then there are power cuts. so there are many times we can't use the card machine. 0nly many times we can't use the card machine. only about 50% of all transactions are conducted using it. people from this village buy goods from big cities like mumbai and then sell them to smaller villages in the area. after the cash ban last year businesses were hit hard. they found making this village cashless controlled the chaos. this is the only bank in the area and people in this village, and 70 others, have their accounts on this one branch. when the government withdrew major currency notes last year, the queue of people waiting to withdraw money extended all the way down the street

right to the very end. the government said its objective was to crack down on illegal cash. but what is moved it was to expose just how many people in india are cut off from financial networks. and things haven't changed much in small tribal villages like this one. many people here are an educated, they are not given debit or credit card. there have been given bank accounts, at the branch is far away and every trip that costs money. the social activist who works in these areas said there is a potential solution. most villages already have smart phones and the government has launched an easy—to—use payment at —— app. launched an easy—to—use payment at -- app. why are we spending so much money on other infrastructure? they should spend more on creating village wi—fi. should spend more on creating village wi-fi. in a country like india where two thirds of the

population still live in villages, progress is slow. getting people into the banking system is one mighty task. getting them to use it is another altogether. a quick look at the markets. we are seeing them dipping. there's been a lot of profit—taking going on, because asian shares have been rising. we saw the all 0rds lurking near 10—year highs. the nikkei as well has opened lower after that big high it hit yesterday. that's it for this edition of asia business report. thanks for watching. this is bbc world news. the top stories this hour: donald trump's to address south korea's national assembly in a speech that's expected to focus on his policy on north korea. the prince and the paradise papers. prince charles is accused of a conflict of interest, with offshore investments in bermuda that stood to gain from his campaigning. labour is calling for an official investigation into the international

development secretary priti patel for holding unofficial meetings with israeli politicians during a holiday in israel, saying they involved serious breaches of the ministerial code. 0ur diplomatic correspondent james landale reports. it began with some holiday photos from israel. not of priti patel seeing the sights, but having coffee with a politician and visiting a charity, just two of 12 meetings she had without telling the foreign office. her most important engagement was with israel's prime minister, something theresa may knew nothing about when she welcomed benjamin netanyahu to downing street last week. this afternoon, labour summoned the international development secretary to the commons to explain herself. she's at a meeting. the speaker: minister of state alistair burt. but it turned out she was on her way to africa, leaving her deputy in charge. and she's presently — she's presently in the air. he said that ms patel had not harmed

britain's interests, but made clear that ministers should tell the foreign office about their trips. you would, of course, let the foreign office know in advance, which the right honourable lady — which my right honourable friend did not, and that was the error for which she has apologised, but the meetings were all really pertinent to her work. he confirmed that, after the trip, ms patel suggested using british aid money to help the israeli army treat wounded syrians in the occupied golan heights, an idea the foreign office vetoed because the uk doesn't recognise israel's annexation of this area, an idea theresa may did not know about until the bbc reported it this morning. all this, labour insisted, was a clear breach of the ministerial code of conduct. does the minister accept that it's time the secretary of state either faces a cabinet office investigation, or does the decent thing and just resigns? some mps say that in normal times,

with a strong prime minister with a healthy majority, priti patel would have had no choice but to resign. but these are anything but normal times. the prime minister's spokesman says she still has full confidence in ms patel, but labour sensed blood and are bombarding miss patel with questions, that soon she will have to answer in person. hello, i'm holly hamilton, and this is sport today, live from the bbc sport centre. coming up on this programme: kenyan olympic gold medallist jemima sumgong is banned forfour years after failing a drugs test. goalkeeping legend iker casilla pips cristiano ronaldo and lionel messi to win the prestigious golden foot award. and from one legend to another — sir viv richards tells us how

the cricketing community has come together to help areas affected by hurricane irma. hello, wherever you're watching around the world. welcome to sport today. our top story: olympic gold medallistjemima sumgong has been banned for four years after testing positive for doping. last year, she won the london marathon and the olympic title but in february she failed an out—of—competition doping test. the ban means she'll be unable to defend her title in toyko at the next 0lympics. 0ur athletics reporter ed harry has more. after finishing second at the boston marathon in 2012, he she was facing a two—year ban. the iaaf intervened in that case and said the injection that she had received to treat a hip problem was not an