from the nuclear deal with iran. he called the agreement a horrible deal that should never have been done. and ignoring the pleas of some his closest allies, he said he would impose the highest possible level of sanctions against tehran. in response, the iranian president ordered his officials to be ready to restart the enrichment of uranium at industrial levels. but he added that he would reach out to the other signatories of the deal to keep it in place. and this video is trending on bbc.com. it's of incredible pictures from the hawaii volcano with a view inside the crater itself. the evacuation zone on hawaii's big island has widened — over 1500 people have already been forced from their homes. that's all from me for now. bye bye. and the top story here in the uk: rail companies have launched a public consultation to reform the way fares are designed and regulated. the rail delivery group, which represents the industry, says the current system

is too complicated. now on bbc news all the latest business news live from singapore. all that coming up with rico hizon. it isa all that coming up with rico hizon. it is a volatile day for energy stocks as donald trump exits the nuclear deal with iran and reimpose sanctions. in malaysia goes to the polls with jobs and the rising costs of living the issues that voters are most focused on. it is a wednesday, everyone. good morning asia, hello world. glad you could join us for another exciting edition of asia business report. i rico hizon. we start up with the iran nuclear deal, and donald trump was caused it the

worst deal ever. —— once called it. it was a lifting of sanctions on iran in exchange for a curb on their nuclear programme. now he is planned to pull—out of it, putting billions of dollars on the line for international traders. but oil traders are not panicking. i was told earlier that markets have priced in the withdrawal ahead of the announcement. the immediate impact was rumours more than fact, there are a lot of expectations that have been built into the expected suspension will pull back from the deal. when it finally happened, markets sold. in fact, they started selling off before it happened. so it was expected. i usain, then, that the us has formally pulled out of the us has formally pulled out of the iran nuclear deal and it has already been priced out, the risk? yes. the odd thing was that we all

expect meet 12 would be d—day. and then donald trump pulled out and said he was going to make another announcement. but market adjusted before that. they dropped sharply, but although we are a little bit off, still, ifigured as a but although we are a little bit off, still, i figured as a temporary blip. -- off, still, i figured as a temporary blip. ——i off, still, i figured as a temporary blip. —— i figured off, still, i figured as a temporary blip. —— ifigured this is. there is a lot of support of fundamentals. then as well is still haemorrhaging economically. the production is pledging and they will have this election later this month that will be meaningless. they are having assets confiscated in the caribbean, potential disruptions in libya, nigeria, and so on... england tories continues to draw down. so the fundamentals are going to continued u pwa rd fundamentals are going to continued upward momentum. that was oil a nalysts upward momentum. that was oil analystsjohn upward momentum. that was oil analysts john kris cole. upward momentum. that was oil analystsjohn kris cole. the malaysia election is drawing up to bea malaysia election is drawing up to

be a tight contest between the prime minister and the opposition led by a former prime minister. the country's next government has several challenges in keeping one of southeast asia's largest economy is coming along. earlier, i spoke to brian tan. the media concern will be the government finances. last year, growth was quite solid at 5.9%. this year we are expecting it to moderate but remain decent. because of the strong economy, the central bank already raised interest rates once. earlier this year. why are you saying that government finances is a major headwind? saying that government finances is a major headwind ? both saying that government finances is a major headwind? both sides have made a lot of promises during the campaign period. the opposition has promised to abolish the goods and services tax that was recently introduced. and on the other side, they are forced to offer cash

handouts. both sides will have to figure out how to make the finances balance as we go along. despite growth last year of 5.9%, there is still this perception that a lot of people are not feeling this growth on the ground because of the higher living costs. that is right. this is a common complaint that we hear is well on the ground, that despite strong gdp growth, it is not being felt. a lot of our perception comes from the goods and services tax. it is being blamed for raising living costs a nd is being blamed for raising living costs and prices. that is an issue thatis costs and prices. that is an issue that is probably driving a lot of the support towards the opposition. a key question is how the government will balance that out in terms of both the costs of living and in terms of the economy as well. brian tan down. the recent cambridge

analytic facebook controversy has sparked a debate regarding the use of analytics in elections. —— analytica. there have been some questions as to whether this will affect indian democracy. we went to bangalore to find out more. the new battleground for indian elections. traditionally, politicians in india have relied on big meetings like this to reach to voters. that is changing as leaders are now using online metrics to target voters. we've achieved that are hundreds of start—ups that have come up in hundreds of years like smart metre.

there is awareness that it doesn't work any more and that is where we are seen work any more and that is where we are seen as a work any more and that is where we are seen as a possibility for experimenting with new things. india is the largest democracy in the world with more than 800 million eligible voters. traditionally, political parties have grouped voters on parameters like religion, gender, age, and class. but now some parties go further by looking for more specific characteristics and then targeting people to lobby for their votes. data analytics firms are secretive about these parameters, but we got access to some of these insights. political parties identify small groups based on factors like professions, age, and educational levels. but individual data is hard to determine for now. the information is being

used for micro— targeting voters with customised medications like tailored messages on social media platforms. posters and pamphlets are also designed to politically reach out to voters off—line. organisations say that they collect the data through face—to—face surveys and social media. but some activists are worried about the rising trend. it is a fear that it might lead to more polarisation and false information being shared because it is difficult to monitor, and so, you know, micro— targeting opens up the door for setting the future of a country in a manner that is not necessarily ethical. by indian states are holding polls this year. even as political parties continue with traditional campaigning, the use of data analytics is only likely to get bigger. in other bbc business use,

distribute the treasurer says the latest but let —— in other business news, the australian treasurer says their latest budget will return a modest surplus in 2020. investors are feeling the love for dating company match. the owner of tinder, plenty of fish, and ok, cupid has seen plenty of fish, and ok, cupid has seen returns. the reason? more singles arejoining seen returns. the reason? more singles are joining up. seen returns. the reason? more singles arejoining up. —— plenty of fish. shares jumped 5% after its announcement. and could black panther be magic for disney? its profitability soared by 30% in the

first rumours the year. but this may relate to them interest in 20th century fox. i assure me watching black panther twice has helped the bottomline of disney? it is turning out to be a goldmine for disney! the film made over $1 billion in ticket sales as it came out in february. better than expected. exactly. so in addition to its theme parks, that has helped boost its income by 23% of the first three months, just shy of the first three months, just shy of $3 billion. but the television division has not been so strong. this comes at an interesting time for disney. they are in the process of purchasing a large stake of 20th century fox. it's interest of course is also in british broadcaster sky.

disney said they wanted to get more content because they are about to launch an online screening service to compete with companies like netflix. but then commcast and is. isn't interested —— this is an internet service provider. they said they were interested in buying the rest of sky. this puts disney in an interesting place. mr eiger says he is still committed to the deal, but just needs approval. and disney will do fairly well, i am sure. thank you for investing with us. i rico hizon. —— i am. let's to get a look at our top stories this hour. donald trump pulls the united states out of the iran nuclear deal, calling it "defective to its core." as the north korean and chinese leaders meet again, is the korea nuclear deal still on track? two former chelsea youth football coaches,

gwynn williams and graham rix — who were accused of racially abusing young players in the 19705 to 90s — are facing new allegations from more youth team players. williams and rix have denied all allegations of racial abuse. dan roan reports. they are the former footballers who claim they were the victims of racism at one of the country's biggest clubs. these four men, who don't want to be identified, say they suffered discrimination when chelsea youth team players at various times between 1979 and 1993, at the hands of this man, former coach and assistant manager gwynn williams. one of the players says he was also racially abused by the club's former player and youth team coach, graham rix. it kind of had an effect on how i was then and i became more withdrawn at the end of ae period where i walked off because of the racial abuse coming from both characters. it left me half the person i was and most of my youth gone. so yeah, hell is the only way

you can describe it, you know, during that time and leaving. the complainants, who intend to sue chelsea for failing in their duty of care, have received support from these two former youth players at the club, who have backed up the claims. if gwynn actually wanted to make comment to a black person, it was pretty much always, "you black this, you black that." never just someone's name. in a statement, chelsea said we take the allegations of this nature extremely seriously and they will be fully investigated. "we are absolutely determined to do the right thing to assist the authorities and any investigations they may carry out qnd to fully support those affected which will include counselling for any former player that may need it." chelsea are already facing legal claims from three other former youth team players over separate allegations of racism and bullying against rix and williams. the police investigated

but did not take it further. both men, neither of whom have any current role at the club here at stamford bridge, declined to comment but strongly refute all the allegations. stamford bridge may be a very different place today compared to a generation ago, but once again football is having to deal with damaging allegations of the game's uglier side. dan roan, bbc news. that stories on our website. if you wa nt to that stories on our website. if you want to see any more of the details orany of want to see any more of the details or any of the other stories, visit the page. you can get in touch with me on twitter — i'm @bbckasiamadera. mike embley is here soon, but now it is time for all the sports news and sport today. this is sport today, live from the bbc sport centre. coming up on this programme:

paris saint germain win the coupe de france for a record extending 12th time as they beat third tier les herbiers 2—0. southampton win at swansea city meaning west bromwich albion are relegated from the premier league. and defending champion simona halep is through to the last 16 of the madrid open after victory over belgium's elise mertens. hello and welcome to the programme where we start with the news that paris saint germain have won the coupe de france for a fourth successive year after a 2—0 victory over third tier les herbiers. the result didn't provide the fairytale that many were hoping for as a goalfrom giovani lo selso in the first half was added to by an edinson cavani penalty 16 minutes from the end with the parisians continuing their bid to seal a domestic treble for outgoing coach unai emery. a record 12th title in this tournament also means psg have not lost in 42 domestic cup games with just the league required to make it a clean sweep of this years competitions in france