a ballistic missile — this one landing in the sea of japan. us officials think it could be the highest and furthest flight yet. the un security council will meet to discuss it on wednesday. president trump says he'll "take care of it". there's been an international outcry at the pope's failure to use the word "rohingya" while on a visit to myanmar. delivering his main speech pope francis instead called for the rights of all of myanmar‘s ethnic groups to be respected. and this story is trending on bbc.com — the canadian prime minister has shed a tear while apologising to members of the lgbtq community. the apology was made as part of canada's history week. it'sjustin trudeau's second formal apology in the space of a week. that's all from me for now. stay with bbc news. and the top story here in the uk... downing street has sought to play down speculation that uk and eu negotiators have agreed the framework of a brexit divorce

payment ahead of a vital eu summit next month. now on bbc news all the latest business news live from singapore. what does it take to keep their competitive airline up and running? we will find out from the man who was credited with turning qantas around. and the new chief of ericsson has his sights set on asia as the tech and telecommunications industry changes with the times. good morning asia, hello world. it isa good morning asia, hello world. it is a wednesday. thank you for joining us for another exciting edition of asia business report. we start off with australia's flagship carrier qantas and the ceo alan

joyce. here's the highest paid airline chiefs in the airline —— asia—pacific region june. he airline chiefs in the airline —— asia—pacific regionjune. he has turned around the fall tunes of the airline through painful cost—cutting and restructure. they are now investing in new routes, especially in asia. we spoke to mrjoyce in london about qantas's ambitions in china and its eye watering $19 billion pay packet last year. the shareholders who own the company are the ones who decide my pay. and in every report we have had go to the agm we have had 98, 90 9% including this year, the port for that. the reason why i get paid that amount is because of the appreciation of the qantas share price, with the shares we re qantas share price, with the shares were issued three years ago there we re were issued three years ago there were $3 and now they are worth nearly $6. the shareholders have seen the company go from $2000000000“$10000000000. $8 billion of value has been created and we

have returned an additional $2 billion to the shareholders. it is their money. they approve what i get paid and they are happy because i am com pletely paid and they are happy because i am completely in line with their success. despite the london to perth route, you keep your hub in singapore. is that because you see china as an opportunity or is the expansion of the air market in china, is that a threat? we are very excited about the growth not only in china but in all of the asia region. let me take the chinese example, we get1.2 let me take the chinese example, we get 1.2 million visitors to australia from china. out of 120 million worldwide, 1%. we know that australia is appearing as the number one destination of choice. some statistics have the chinese visitors growing by, in the next 20 years, 800 million worldwide. if we keep the 1% that is 8 million visitors, more than every other nation put together, coming to australia. they

typically take two or three domestic trips. even if we don't get them internationally, we are likely to get them, given our huge domestic operation, that is a huge boon of two risen coming to australia. so where is your work, alliance in china? is that a big push? yes it is. we have two strong partnerships with china eastern and china southern. and ten years ago we had one third of our capacity to europe, one third of our capacity to europe, one third of our capacity to europe, one third to asia and one third to the americas. today it is a% to europe, 52% to asia, that is how much we have rebalanced and pivoted on the rest to the americas. we are focused on asia. it is grown so much forest in the last decade and in the next decade it will help grow any other international market that we have. despite his pay packet it seems that investors think he is worth it. in other business news, making headlines, apple says it is working

to fix a serious bug within its operating system. the floor with an hi ciera makes it possible to gain entry to the machine without a password, putting the personal information of users at risk. it requires physical access to the system but it could happen remotely if the user enables remote desktop. growth should accelerate next year according to the oecd. the forecast shows the upturn becoming increasingly synchronised across countries. the world economy is growing at its fastest rate since 2010. however, economists warned that conditions we re economists warned that conditions were a sustainable expansion are not yet in place. in the shadow of the latest missile launch by north korea, china has decided to loosen its ban on allowing two groups arrange trips to south korea. authorities in beijing had

prohibited such trouble earlier this year as tensions over the installation of military hardware world to the surface. i'm joined now by my colleague and business reporter matthew morrison. why is china making this decision now? the timing of this is interesting, but not too surprising. by that i mean our industry sources started talking about this hours before the latest missile was launched but it is not surprising because of late october both china and north korea had signalled a warning of thais. they had been put —— deadlocked previously. —— china and south korea had signalled a warming of thais. at sta ke, had signalled a warming of thais. at stake, millions and millions of chinese tourists. last year alone 8 million, making up around half of all tourist arrivals to south korea. that makes it the second most

popular destination after thailand and ahead ofjapan, interestingly. this amounts to a lot of lost revenue, about $6.5 billion worth because the number of tourist to the first nine months has been cut in half and it is notjust tourism, it is cars, cosmetics, conglomerates such as hyundai. and supermarket chains, for example. lotte had to shut a lot of supermarkets. businesses have been affected across the ball but i am sure the chinese wa nted the ball but i am sure the chinese wanted a dose of kapok? it is popular in china but the tours has been cancelled and music videos have not been streamed and that includes south korean drama and film as well. south korean drama and film as well. so those kapok stars are now going to america. seven acts performed in the us. in may this year, double

that. 14 the us. in may this year, double that. 1a kapok act in america. if you can't go to china, go to the us. and they do need each other. moving on now to technology and patterns. the eu looks take —— set to change rules on how patents are paid for. on one side you have patents users like apple and volkswagen in favour of paying that make is that these. on the other hand, patterned owners like ericsson prefer to charge royalties based on how much value their technology adds to a product. the new rules would tip the scales in favour of patterned owners and this comes at a time when chips are used more and more in interconnected devices. here are some background about ericsson. they were founded in

1876. back in 2000 it was a big layer in mobile phones and the share price hit an all—time high of $81 a share. now it is around $6.5. earlier i spoke with a global chief executive of ericsson and asked about the possible rule change in the eu. it is a speculation so far. speculation in the media, to be honest. how that will look at in our response and in view of that will depend on details. . what i think is important to remember is that this is part of the overall standardisation of technology and networks. i think that has served consumers quite well because now we have a global standard, a consumer can use the same phone wherever the consumer travels but it also gives a global scale for the devices. i think the current regime has worked quite well. but technology companies such as google in silicon valley say that they want these and this is the

fa i rest that they want these and this is the fairest side of the model. what do you say to them? we need to take a step back again. in standardisation it depends on contributors of technologists and you contribute technology into a standard and then it is also reasonable that the contributors get paid so that technology. so there are two sides to this argument. without the contributions into the standard, there would not be a standard. so if people do not get paid for what they contribute, they will not contribute in the future. therefore we would not have a global standard. you are here in asia, how big competition is china with its massive technology and telecommunications industry? china is a big market for us and a big markets and whole industry. about 60% of the world market for radio is in china. so we have to remember it is a massive market. of

course, we have chinese competitors. they are formidable. we need to work ha rd to they are formidable. we need to work hard to beat them every day but we do that with every competitor. we work hard, we innovate, we invest in technology to be on the forefront. lets leave you with the virtual currency bitcoin and it has soared to an all—time high, above $10,000 on some smaller exchanges and this is an all—time high for the crypto currency. thank you so much investing with us. sport today is coming up next. the top stories this hour. the un security council will meet on wednesday following north korea's latest missile test launch. the us has called for new consequences to force pyongyang to halt its development of nuclear weapons. the vice—chancellor

of bath university, who's been widely criticised for a salary package of nearly half a million a year, is to retire from the post. professor dame glynis breakwell is the highest—paid university vice—chancellor in the uk. our education editor bra nwen jeffreys reports. bath university sells itself as one of the best, good for students, good for research. good, too, for the vice—chancellor. please do tell anyone who will listen how great the university of bath is. tell them that we are number one for student satisfaction. number one for vice—chancellor's pay. it wasn't just the money, but the flat too and the housekeeper that came with it. tonight, from the students, this reaction to her departure.

i think it was one of — it's time to go, i guess. there's been huge student reaction on social media saying that essentially it's time for her to go. is your payjustified? as the controversy grew, dame glynis brea kwell avoided questions. but last week came a damming report, the reputation of the university damaged, staff and students threatened more protests. tonight dame glynis breakwell defended her record saying. "i have served the university to the best of my ability and will continue to do so until the day i leave office. since 2001, the university has changed dramatically. it has almost tripled in size and is now among the top universities in the uk." and for some who have campaigned hard, disappointment that she will be paid until 2019 and a car loan written off. this is sheer greed on the part

of the university bosses. and what's happening in bath is only the tip of the iceberg. there are 55 vice—chancellors who are paid more than £300,000 a year. none should be paid at that level. they should all take a big salary cut and the money should be given back to students. this is a crisis which has only just started. publicly, the university paid tribute to the vice—chancellor. privately, many will be relieved to move on. no word yet on how much her successor will be paid. 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: united are buzzing after seeing off the hornets.

a win at watford sees them cut city's lead at the top of the english premier league. yet another comeback for tiger woods. will this one be the one that sticks? we hearfrom the man himself. and we will show you the skydivers who are bringing a whole new meaning to the phrase catching a flight. hello and thanks forjoining us. we are going to kick things off in the english premier league, where manchester united have cut man city's lead at the top of the league to five points thanks to a 11—2 win at watford. jose mourinho's men were three up after half an hour, courtesy of an ashley young double and an anthony martial goal. the hornets stung into action after the break, coming back to 3—2. but a latejesse lingard goal gave united their first win away from home in the league since the end of september. it should be 5—0, 6—0.