as anwar ibrahim is released from prison. the former opposition leader proclaims a "new dawn" for malaysia. at the same time, police raid the home of the defeated prime minister as they investigate his multi—billion dollar investment fund. uncertainty surrounds the summit between the us president and the north korean leader as pyongyang threatens to cancel the talks. but donald trump says he remains hopeful. and this story is trending on bbc.com. so, what are you hearing? is it laurel or yanny? the internet is divided. apparently, it's all a matter of which frequency you hear. that's all from me for now. stay with bbc news. and the top story here in the uk: the east coast mainline is to be taken back into public control temporarily, after the government decided to end the franchise five years early.

now on bbc news, all the latest business news live from singapore. chinese tech heavyweight delivers a record quarterly roberts because of its legion of mobile gamers. then the chinese manufacturing city will be one of the big losers if a trade war with the us breaks out —— reports. good morning, asia, hello, world. it is a thursday. like you could join us for asia business report. i'm rico hizon. we started things off with 10 cents. asia's most highly valued technology

company. they had record profits of $3.7 billion in the three quarters until march mostly due to its mobile gaming business. tencent also said its messaging service has passed 1 billion active user accounts for the first time. it is significant given the app is an increasingly important source of revenue. broc silver is an a nalyst source of revenue. broc silver is an analyst with k one capital. he said the results came as a good surprise. tencent delivered surprisingly strong results yesterday with reve nu es strong results yesterday with revenues up, mostly by mobile gamers and margins push north of 50%. they followed up the last earnings report, which was a real home run, with a strong effort. the company is doing quite well. however, there are some concerns with investments. can a company with a billion customers

focused on gaming and social media, can they manage a global investment regime covering artificial intelligence and driverless cars and so intelligence and driverless cars and so on? it gives me some longer term concerns regarding the company, although the company at present, for the short term, is doing wonderfully and hitting all cylinders. what must tencent do now in terms of longer term strategy to maintain these kinds of numbers? it is going to be ha rd to kinds of numbers? it is going to be hard to maintain the growth rates they have seen. that is why they are looking diligently for a group driver with these investments. i have to question whether or not all of these very disparate investments represent a focused strategy for the company. it is cause for longer term worry. is this management team really the right team for this particular growth strategy? there is some cause for concern, but at least

in the short term we know, they are hitting on all cylinders. he joined us earlierfrom hong kong. staying with earnings. cisco beats profit expectations. the us tech company ru ns expectations. the us tech company runs internet networks. it says net income gains, $2.7 billion. it has been investing heavily in cyber security and the internet of things to offset slowing sales in its hardware business. mothercare is set to reappoint a chief executive that left in april after disappointing financial results and a profit warning. bbb goods retailer has been putting together a rescue deal to protect itself from insolvency. —— the baby goods. mothercare will announce the closure of 50 of its 127 remaining stores when it releases its annual results later this thursday. well, what a difference a week

makes. in malaysia we have seen the surprise ousting of the prime minister, najib razak. and the re—election of mahathir mohamad and yesterday the release ofjailed politician andrew abra ham. yesterday the release ofjailed politician andrew abraham. what does this mean for the investors, the markets, the economy? i am joined by my colleague caty silver. so much has happened over the past week. incredible changes as well in the economic and political landscape stock elysee what a difference a meek weeks. what a difference a day makes. we have seen huge amounts of change. anwar ibrahim, he was released from jail. the release of him was greeted with great fanfare. at the same time, najib razak‘s and was being searched, the former prime minister, he is implicated in this multibillion—dollar scandal about the state—run investment fund 1mdb

d. bringing him to account was one of dr mahathir‘s campaign goals. the other is to abolish gst. they say the gst will end on the first of june. it is good news and bad news. it will be a cash injection into the economy. for the fiscal balance sheet it will not be good. the gst was expected to bring an about 11 billion in revenue. it will be bad on that front. it will impact the infrastructure projects of the government because $11 billion will be taken away from government coffers. there have been mixed developments. hour investors likely to rea ct? developments. hour investors likely to react? yesterday beat malaysia stock index rallied on this news. it was up 0.5% at the close of day. since the markets reopened on monday, they will close for two days after the surprise election results,

since they reopened on monday we have seen a huge outpouring of foreign investment funds. about half. 375 million us dollars has left the malaysian stock exchange on the news. the other interesting thing is happening with the ringgit. yesterday it was slightly down against the greenback at the greenback had a very strong date. by the end of this year it is expected to depreciate. that will not be good because malaysia is a net importer. that will be bad in terms of their spending. capital freight from the stock market. when policies are more sta ble stock market. when policies are more stable under the mahathir mohamad government, had little comeback. in other business is making headlines, the french energy group is preparing to pull out of a billion—dollar gas project in iraq in the face of sanctions. —— iran. washington is reimposing strict sanctions on iran

to curb the nuclear ambitions. the uk parliament through report has concluded that the big four accountancy company should be broken up accountancy company should be broken up in britain. they are coming under criticism following the high—profile colla pse criticism following the high—profile collapse of the construction firm carillion. the accounting firms were accused of a crisis of confidence. us senate has voted to restore net neutrality rules. it was pushed to get rid of the rules to ensure that all internet services are treated equally. it is a big victory for democrats. net neutrality supporters a clear regulation is needed to provide internet service providers from blocking or slowing down services or websites for competitive reasons. as the united states plays host to round two of trade talks with china, the bbc has been to one city, just

over the borderfrom hong kong, where they are preparing for the prospect of rising prices and maybe evenjob cuts. prospect of rising prices and maybe even job cuts. with around 1300 items on the list of proposed tariff increases, some chinese manufacturer is expected be hit very hard. we have more. if the trade war comes, this is where china will feel it. really feel it. it is near the south coast is. it was once dubbed the workshop of the world. in this factory, oil, lubrication is everywhere. the smell of it is in the air, it is under your feet. they make of it is in the air, it is under yourfeet. they make precision metal parts airand yourfeet. they make precision metal parts air and they reckon up to 300 could be hit by the new us tariffs. treseder our products include aviation and automobile components which are exported to the us. aviation and automobile components which are exported to the use ta riffs which are exported to the use tariffs are levied it will have a big impact. this tiny post out metal

disc will eventually end up in a car engine, maybe yours if you buy a turbocharger. it is one of dozens of components they make here that on america's hit list. it could be about to become more expensive if this trade war takes off. like legions of workers across china, they march out for lunch at 12. automation has cut the number of people working here. much of the manufacturing in dongwang has moved abroad. but it is

uniquely vulnerable. 93% of its economy comes from exports. this firm sends about 35% of its products to the us. china is trying to become less of an export dependent economy. but it is everywhere. across town at leather hides a draped over hangers, along with timber, they feature 1—way or another on the us hit list. asian stock markets are making a comeback this thursday due to upbeat economic data from the us. thank you so economic data from the us. thank you so much were investing your time with us. i am rico hizon. sport todayis with us. i am rico hizon. sport today is coming up next. the top stories this hour: malaysia's opposition leader, anwar ibrahim, is released from jail and declares a new dawn. meanwhile, police raid the defeated prime minister's home. uncertainty over the summit. president trump says he hopes his meeting with north korea's kimjong—un will still take place. the royal borough of windsor

is usually a sedate sort of place. but with three days to go until the wedding of prince harry and megan markle at st george's chapel, reporters and camera crews have been arriving from around the world. there is particular excitement amongst the american networks, as david sillito reports. windsor is used to the media and crowded streets... prince harry y meghan markle. meghan markle. but this is different. royal wedding drama... who wants to attend the royal wedding? the royal wedding. every spare inch of space has been taken over by tv. this room that you're in right now is our set... cbs has ten rooms of the harte and garter, opposite the castle. they've even taken out the windows. if you come in here, we have, of course, the toilet, which is our second position,

and we're sort of converting this shower into an audio booth. and across the town, it's a sea of technology and white canvas. it's like a little siege camp of white tents has grown up around the castle. 76 international broadcasters, 42 us affiliates. and the number of accredited media — accredited, that is, on the day — has now topped 5,000. susannah carr of 7 news has flown in from perth, australia. her position — the royal bench. we knew it was going to be a big story. everybody is glued to the set, waiting to see what happens next. hollywood comes to britain! nbc's keir simmons is outside buckingham palace... for the markles... pause for a second on the high street, and you can end up on portuguese tv. david, you're from the uk?

bbc news. the wedding has become a welcome break from war and politics for the global news agenda. this one is really nice because it's a friendly something really positive and cool. the royal wedding... and for america, meghan markle is a game changer. it's a beautiful love story. an american in the royal family. that makes it even more interesting for americans now. as one person put it, we now have skin in the game. and if all this looks like a bit of media madness, remember — we're still three days away from the main event. david sillito, bbc news, windsor. are you excited? let me know 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: atletico madrid win the europa league for the third time beating marseille 3—0 in the final. kashima antlers and suwon bluewings claim the last two places in the quarter—finals of the asian champions league. and karolina pliskova takes out her frustrations on the umpires chair after being controversially beaten in rome. hello, and welcome to the programme. all that and more to come. we start with the news that atletico madrid have won the europa league for the third time in nine years beating marseille 3—0 in lyon. the result also keeps alive the possibility of a madrid european double with their neighbours real in the champions league final next week. french international in antoine griezmann scored the first two making it 6 goals in 8 matches in this year's competition with a late goal from the skipper gabi rounding it out as diego simeone's side added to their 2010 and 2012 wins