like an explosion was detected near the last—known location of their submarine. the noise sounded at the time the vessel disappeared. relatives of the 44 crew members have accused the navy of raising false hopes with its earlier comments. emmerson mnangagwa, the man who's to replace robert mugabe as zimbabwe's new president, has warned people not to carry out acts of revenge. and this story is trending on bbc.com. a specially commissioned train to take farmer home travelled 160km in the wrong direction. the indian train was taking hundreds of farmers to maharshtra —— they protested that the train‘s route had been changed without their knowledge. the railway firm denies the allegation. that's all from me for now. stay with bbc news. and the top story here in the uk: an independent research group is warning that the uk may have to go another decade before average earnings start to rise

in real terms. the institute for fiscal studies has been analysing wednesday's budget now on bbc news all the latest business news live from singapore. to all shoppers out there, it is black friday, marking the official start of the christmas shopping season start of the christmas shopping season in america. first there was sony, then yahoo and now the latest isa sony, then yahoo and now the latest is a uber, our company is doing enough to protect themselves against cyber hackers? good morning, asia, hello, world. it's a friday, the weekend right around the corner, glad you could join us for this edition of asia business report, i'm rico hizon. it's going to be hard to compete with the $25 billion chinese consumers spent on singles day on the 11th of november but after

thanksgiving thursday, black friday and cyber monday marks the start of the us christmas shopping season. in america alone 164 million shoppers are expected to go nation bending spree this weekend, that's over half of the us population —— to go on a spending spree. in the uk shoppers are expected to spend over 13 billion us dollars over the next week and you can bet retailers are doing whatever they can to keep the cash register is going. samira hussain reports from new york on what this means for retailers worldwide —— cash register is. —— registers. it's 7am and workers have already been here for a while, sorting box after box after box. this is the beginning of the busiest time of yearfor beginning of the busiest time of year for shipping companies like fedex as the holiday shopping season kicks off. you probably see more people in the stores on black friday, but come cyber monday, green

monday and the monday going into christmas, heavy online shipping because they're being driven to shop more online. everything that's happening here is really great news for the us economy given it depends so heavily on consumer spending. but there is a bit of a downside. the impact it's actually having on bricks and mortar stores. scoring a deal used to mean wading through a mass of crowds, but as rents go up and people prefer online, retailers have been closing their doors, setting up a battle between e commerce and physical stores. however, there may be a truce on the horizon. in almost every com pa ny truce on the horizon. in almost every company today, every retail and every brand has incorporated a digital aspect to their physical business and that combination together is more powerful. the retail landscape in america is in a period of transition, obvious at

this fedex distribution centre, e—commerce is it to stay but what is changing is companies are no longer choosing a side in the battle for consumers. having a combination of both a physical store and an online presence is much more powerful. samira hussain, bbc news, new york. are you having trouble keeping up on where your muggy is going? especially as the holiday season approaches. a british start—up has developed a budgeting app that uses artificial intelligence —— mo'nique. the idea started when the young founder was looking to ways to help himself stay out of debt —— money. it was never meant to be a business to start with until i wanted to know where my money was going. having a tool that would tell me when i was running out of money, that would tell me when i was overspending on certain things was incredibly useful. it change my behaviour and how i spend my money, they showed me to friends and they loved it, it

really resonated with people and this was obviously a problem people needed to solve. can i get a flat white please? thank you. cleo is a digital assistant and you connect your bank accounts and it helps you manage your money. you connect via facebook messenger and you would text her like you would text a friend, you can ask her questions, how much am i spending on uber, groceries, have i got the best credit card rate, she will help you budget and you can send it to friends and she can save money automatically for you. i've just automatically for you. i'vejust come to automatically for you. i've just come to my favourite coffee shop and i've got a coffee, i'm going to ask cleo how much i've spent on coffee this month. cleo's told me i'd spent £500 at shoreditch grind, £42 in the last month. i'm going to check now what that means for my balance this month. it's looking 0k, for my balance this month. it's looking ok, it's looking relatively healthy. she connects your online banking, so

she only has access to the transaction date, she's not moving money backwards and forwards. it's encrypted but she's scanning your transactions and turning it into useful actionable information. the future of banking is within softwa re the future of banking is within software companies. it's not going to be your traditional banks. it's who owns the data and who owns the experience. it's who you trust the most to take financial products from. artificial intelligence. in other business news, shares in mature this eu root materials lower in afternoon trade this hour after its business business units falsified data —— shares in mitsubishi materials. in china the stock markets are known for their wild ups and downs, but

thursday wasn't a good day with the blue—chip index seeing its biggest one—day drop in a year and a half so how has it open this morning? for more i'm joined by monica miller. are we seeing some volatility in opening trade? right now it's about 1596 opening trade? right now it's about 15% down but yesterday it took a nosedive, it went down 3%. this impacts the people that are actually purchasing, these are the regular customers, not institutions, that we re customers, not institutions, that were making these trades yesterday and this is what is pumping money into the mainland. at this point it actually impacted bond yields as well, the interest they pay, and it made investors rather skittish. what this is caused by is a dealer bridging that president xi jingping says he wants to cut down on their loa ns says he wants to cut down on their loans and debt —— and the leveraging. it's sending ripples through the mainland and hong kong. the market has been up all year and

of course wall street closed overnight due to the thanksgiving holiday. thanks for that. tomorrow marks three years since the infamous cyber attack on sony pictures when alleged north korean hackers exposed embarrassing e—mails and stole five unreleased feature films. earlier this week we learned uber was hacked and the company paid a ransom to the cyber attackers, and the list goes on. some of the more notorious hacks include linked in all the way back in 2012, which affected 170 million users. we had yahoo in 2013, initially it was thought 1 users. we had yahoo in 2013, initially it was thought1 billion accou nts initially it was thought1 billion accounts were affected but later it revised that figure to 3 billion. what can be done? i put that question to matt from cns. the top job for the government is they have to keep up with the technology. we are seeing governments adapt. —— toughjob. in are seeing governments adapt. —— tough job. in europe are seeing governments adapt. —— toughjob. in europe governments introduced a new law that comes into

effect next year called gdp are, general data protection regulation, thatis general data protection regulation, that is a new high in terms of the standards that imposes on companies to protect data and breaches of that will carry a fine of 4% of global turnover. —— gdpr. forsome will carry a fine of 4% of global turnover. —— gdpr. for some of these huge companies that save billions of dollars figure potentially. have you ever wondered how a smart phone is made? the bbc‘s click got exclusive access to a factory owned by one plus in shenzhen. —— 0neplus. being in shenzhen we have access to the entire ecosystem, all the suppliers are here, we can have a new idea on tuesday and see a new prototype on thursday for a new design. being a brand—new company, not

making such a complicated product as a smart phone and being based in there, we didn't release have the opportunity to test the product in all the countries where we sold it. adding to that, we didn't know how many phones to make. if you end up having to many phones in your warehouse that you can't sell, its over. thanks for watching, i'm rico hizon. you're watching bbc news. the main stories: prayers for the crew of a missing argentine submarine but hopes fade as the navy says there may have been an explosion at the vesser may have been an explosion at the vessel's last known location. hundreds of thousands of rohingya muslim refugees could be sent back to myanmar after it signed a deal with bangladesh. one of the killers of the toddler, james bulger, is back in prison, suspected of having child abuse images on his computer. jon venables, who was ten when he committed the murder with robert thompson in 1993, was placed on licence

for life when he was released in 2001. flood warnings remain in place in the north—west of england after heavy rain forced the evacuation of dozens heavy rain forced the evacuation of d oze ns of heavy rain forced the evacuation of dozens of homes. two inches fell in 24 hours in parts of lancashire and cumbria. danese at the reports. —— danny savage. after hours of heavy rain, the river in lancashire finally burst its banks last night, causing chaos and misery. people had realised flooding was imminentand misery. people had realised flooding was imminent and try to get their belongings to safety. it came in faster and faster and faster and it came toa faster and faster and faster and it came to a point where we were bucketing it out, we had pumps going, it came to the point when it was bucket against river and the river won and it's now like this. i've lifted as much as i can from

the ground floor but the bike has gone, the boiler, washing machine, dishwasher, everything. this morning the water receded and left a familiar scene of salvage and disposal. the water wasn't in for long but it doesn't have to be. a few minutes is enough to destroy and ruin. no warning. the warning was the people on the street shouting. we need some help! 0r the people on the street shouting. we need some help! or the road was coming up and the water was gushing everywhere. further north in cumbria are the rain caused more problems in eight county familiar with flooding. they'd prepared for the worst here with emergency services sent to help. there was trouble for travellers too. the west coast main line was flooded north of preston leading to long delays and that dreaded alternative, the rail replacement bus service. north wales was hit as well. many roads in anglesey were flooded, leaving people unable to get to where they wa nted people unable to get to where they wanted to. the river was flowing down this side of the road instead of where the river was, i've never

seen of where the river was, i've never seen anything like it in the 70 yea rs seen anything like it in the 70 years i've been living here. unbelievable, never seen anything like it in my life. i've been brought up here. it wasjust, well, shocking. once again the vulnerability of parts of north—west england and wales to heavy rain has been highlighted. is this the start of another long, wet winter? dani samuels, bbc news, lancashire. you can get in touch with me via social media. 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: england lose three wickets forjust four runs are preaching lunch on the second day of the ashes. italian giants milan have secured a spot in the last 32 of the europa league and it's the biggest

team event in tennis — both france and belgium are ready to fight it out for the davis cup. hello and welcome to the programme where we start with cricket with australia and england nearing the lunch break on the second day of the opening test in brisbane and there's been a collapse for the visitors. three wickets fell for just four runs as england resumed on 196 for 4 with dawid malan and moeen ali adding another 50 runs to the overnight total before malan fell for 56 and then just three runs were added before moeen ali fell to nathan lyon lbw before chris woakes went without scoring