malaysia's former prime minister mahathir mohamed makes an extraordinary comeback. the 92—year—old who defeated the governing coalition came out of retirement to take on the party he himself led for years. the results are being described as a political earthquake. three americans released by north korea have arrived in alaska on the first leg of theirjourney home. the white house hailed the move a "positive gesture of goodwill" ahead of a planned summit between president trump and the north's leader, kimjong—un. and this video is trending on bbc.com her royal likeness! madame tussaud's reveals their meghan markle waxwork — which will be displayed next to prince harry before the royal wedding on the 19th of may. that's all from me for now. stay with bbc news. and the top story here in the uk: bmw is to recall more than 300,000 cars in the uk because of concerns that they could have dangerous electrical faults. the company has denied trying to mislead regulators

about the extent of the problems. now on bbc news, all the latest business news live from singapore. it is the biggest deal in corporate india. us retailgiant it is the biggest deal in corporate india. us retail giant walmart snaps up india. us retail giant walmart snaps up and and indian e—commerce company. and we will see how one couple is making money by creating instagram worthy picnics. and welcome to asia business report. i am maura fogarty. in what will be the biggest foreign investment in indian history, the world ‘s largest retailer, walmart has announced it

is purchasing a majority stake in flipkart. ‘s wall mart head—to—head against amazon in one of the fastest growing online retail markets in the world. i spoke to the chief analyst about this deal. it brings in a huge player in the retail area. it will bring a lot of new international brands and technology and scale to india but also india is a huge potential market for walmart, especially for international expansion. this is a significant dealfor both india and expansion. this is a significant deal for both india and walmart. thinking about walmart and what gets by acquiring flipkart. it has majority control of this ten, ii—year—old e—commerce company. what is walmart get by this foothold?m helps walmart to tap into the market in india and that has previously

been quite difficult, particularly because of restrictions from the indian government. those restrictions have been eased recently, making it easierfor foreign players to come in. also, walmart has tried to get into the off—line market in india some years ago and that has not proven successful because of the very special conditions in india, dominated by small businesses in india. e—commerce is a good beginning for walmart to tap into india. signify to you that we could see consolidation, that the small shops could be gobbled up by big players? that is likely the trend but not something that will happen soon. it is a long—term trend. as the economy grows and the living standard rose and urbanisation grows and this pushes that trend for

consolidation in retail. chinese technology form says it has halted major operations after being banned from doing business in the united states. however, the second biggest telecom equipment maker did not state or explain the full extent of this holds. zte is trained to have the ban lifted as well. the trump administration has banned us firms from using technology in parts from zte, after alleging that the company violated us laws by illegally shipping goods to iran. and malaysia's former prime minister are mahathir mohamad is set to return to power. is considered one of the founding fathers of malaysia and he won the contentious election after defecting to the opposition. for more on the story i'm joined now by my colleague whojoins more on the story i'm joined now by my colleague who joins us now in our studio. monica, this is huge for

malaysia. unprecedented. moody ‘s has already said that malaysia is in uncharted territory. mahathir mohamad, just for an idea, the chances of him winning into this election were slim to none. people are shocked by this. he came out of retirement, 92 years old, after the prime minister had been embroiled in scandal. he is accused of stealing roughly $700 million from a state fund. moody ‘s has weighed in and we spoke to a emerging market expert and he said that the voters of malaysia have finally had a voice. and he said that the voters of malaysia have finally had a voicelj think this election in malaysia is a bellwether about what is happening in other parts of the world. now you are getting a wider distribution of power as a result of the internet.

people are now learning a lot more about what is happening on the ground in the political environment. i believe that it will be very good for malaysia because reform will come faster and you will see a better deal for the man on the street. so what does this mean for the malaysia economy? well, the central bank, meant to have a meeting today but that is now a public holiday, they are expected to keep the key interest rate at 3.25%. they are not taking the lead from the us federal reserve and they are also concerned about a strong us dollar. they are trying to get a hold of inflation concerns. they hope that that will mainly get under control shortly and the country is also trying to reach a 7% growth rate. it is at 5% right now. the new prime minister has a lot about what in. he certainly does. thank you very much. malaysia central bank was supposed hold its meeting today of but it is now on an unexpected

holiday. in new zealand, however, the central bank met today and the reserve bank of new zealand held borrowing costs at a record low of i.75%. some analysts had predicted that interest rates would be on hold all the way through the 2020. the new governor said that, quote, the door is open to both a rate rise and a rate cut, depending on the inflation data. in other business news to you this morning, bmw is extending a uk recall of its cars over safety concerns did it the move comes over safety concerns did it the move co m es after over safety concerns did it the move comes after an investigative bbc report found that some vehicles could stall completely while they are being driven. the carmaker is recalling over 300,000 vehicles, including the bmw one series, the three series and the 24. and japan's because carmaker forecast a 15% drop in profit in the current fiscal year

because of slow demand in its biggest market, north america. it also blamed the effect of strengthening japanese yen on profit as well. in the year to march 2018, toyota posted an operating profit of about $22 billion. and it is up and away uber which has reopened a contest to select the first international city to launch its flying taxi project. there were delays in getting off the ground in dubai which was previously proposed market for these flying cars. the company says that uber air hopes to launch flights in 2020 and to begin intra— city flights and operations in 2023. buying experience instead of gift is a growing consumer trend becoming more popular in recent yea rs. becoming more popular in recent years. nowadays, part of that experience involves making sure that

it also looks good on a social media platforms such as facebook or instagram. we speak to a husband—and—wife team who have seen their business grow by creating picture perfect picnic. i found it ifound itan i found it an instagram and ifound itan instagram and i thought it was interesting because you do not have to bring all the things yourself. they will set it up for you. he does not like gifts so i think it is nicer to plan something that we can both share and remember. the nature of the business is something that is very personalised and tailored to the expectations of the client. we cater to what the

clients wants, whether they want to propose or hold a birthday party. clients wants, whether they want to propose or hold a birthday partym the beginning we were just doing it is sidelined because i was a student and he was working. but once i joined him full—time and we went into it together, i think we did about 50 picnics a month that showed us about 50 picnics a month that showed us there is demand and we should go into it full time. we were just walking by and we saw this lovely set up. it was so exquisite and i stopped to take the number down. over the years we have seen a growth in interest of foreign business. this was exemplified by oui’ business. this was exemplified by our instagram number rising from a few hundred and we are at about 16.2

k now. people are interested in our business. customers will come back again after having us once. that shows that they want these events. and that is it for this addition of asian business report. speaking of social media, don't forget to follow us on social media, don't forget to follow us on twitter. sport today is coming up us on twitter. sport today is coming up next. stay with us and thank you for joining up next. stay with us and thank you forjoining us this morning. the top stories this hour: in a dramatic comeback, the former malaysian prime minister, mahathir mohamad, has won a majority in the general election, defeating the governing party which has been in powerfor more than 60 years. here in the uk, the government's

plans to transform child mental health in england will fail a generation according to mps. 0f health in england will fail a generation according to mps. of its top one in ten children in as a diagnosable mental health condition. many are not receiving help quickly enough. al social affairs correspondent alison holt has been speaking to three young women whose lives have been affected by mental health issues. i was 13 when i first went to the doctor about it and i was told i had anxiety and depression and i was shuffled out i was put on a waiting list for counselling but the waiting list took so long that things have gotten worse by that point. they did not ta ke worse by that point. they did not take me seriously. they ushered me out of the room as if i was not important and blamed it on being a teenager and growing up and hormones. these three all struggled with mental health issues as children. each asked for help and each feel they will let down. for

them, the biggest issue highlighted ina them, the biggest issue highlighted in a report today by mps is that the government's plans to improve children's mental health services will not happen quickly enough for those who need support now. to say that some areas will have this by 2025 is not enough. some areas is not good enough. that long a time is not good enough. that long a time is not good enough. that long a time is not good enough. that it's almost an entire generation of young people who need help and support now.|j don't think there is enough support while somebody is waiting to be referred all for an appointment. while somebody is waiting to be referred all for an appointmentm does feel like there so much talking about mental health of moment but no action. is a lot of our kind of speaking out and feeling 0k and saying it is ok to reach out to help and we have people reaching out for help and then told that they can't have any. the government would say that it have any. the government would say thatitis have any. the government would say that it is going to transform services for young people with mental health issues.|j services for young people with mental health issues. i don't believe that. is my response they are out of touch. they do not

understand at all the pressures that young people face today. they did not exist when they were in school, when they were looking for work. all three of you sound angry. we are angry because this is our lives and oui’ angry because this is our lives and our friends lives and we are sick and tired of being told that we are on another 69—month waiting list for we can get help. you only have one life and i think what was being said earlier about our generation, i feel like we have drawn a short straw. the government needs to sit up and listen. listen to the experts and realise that this plan is not good enough at all. that report by alison, lots more on our website. 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: juventus win the coppa italia for the fourth successive year scoring four second—half

goals to beat milan. huddersfield ensure their premier league survival with a 1—1 draw against chelsea at stamford bridge. and caroline wozniacki's bid to become world number one is derailed after being beaten in the third round of the madrid 0pen. hello, and welcome to the programme. we start with the footballing news thatjuventus have made it a fourth successive coppa italia title with a 4—0 win over milan at the stadio 0limpico in rome. three goals in eight minutes after half—time, including a double to medhi benatia sealed the win for massimiliano allegri's side. and it was added to with an own goalfrom milan with 14 minutes remaining. the club known as "the old lady" can still achieve the league and cup double for the fourth year in a row with a draw this weekend at the same