a more violent phase. experts say lava is now flowing twice a fast as it was earlier in the eruption and fountains of molten rock are reaching 180 metres in the air. a summit to rescue a summit. donald trump is to meet the south korea president, moon jae—in, at the white house later today. their mission — to try to get the us president's meeting with the north korea's kimjong un back on track. and the royal wedding is still trending online. three official photographs have been released of saturday's royal wedding between prince harry and the former us actress, meghan markle who are now the duke and duchess of sussex. stay with bbc news. and the top story here in the uk: ken livingstone has resigned from the labour party. the former london mayor said his suspension over claims of anti—semitism had become a distraction. now on bbc news all

the latest business news live from singapore. the stronger sanctions in history is what the us has plans for iran but this puts a lot of business deals that risk. and one indian start-up is cashing in as people around the world cut down on consuming sugar. good morning asia, hello world. it is tuesday, glad you could join us. we start off with mike pompey and he has warned that iran will face the strongest sanctions in history

u nless strongest sanctions in history unless it changes its policies. this comes unless it changes its policies. this co m es after unless it changes its policies. this comes after washington withdrew from the international nuclear agreement. this is not only has huge ramifications diplomatically, but financial implications, especially for some of europe's biggest companies. joining me is my colleague. a lot of major business deals are at risk, sharon? quite a lot of them. mike pompeo was speaking in washington and he did not stipulate what these new sanctions would be but he used the strong language and he went on to say iran would be battling to keep its economy alive after these so—called sanctions take place. let's have a listen to exactly what he had to say. we will apply unprecedented financial pressure on the iranians regime. the leaders in tehran will have no doubt about our seriousness. they regime should know this isjust the beginning. the

sting of sanctions will be painful if the regime doesn't change its course from the acceptable and unpredictable path it has chosen, to wombat rejoins the league of nations. so we know the effect of the us pulling out of the iran deal has had diplomatic repercussions over the last few weeks but the financial and economic implications will be huge because there were a whole series of companies that rushed in to do business with iran after a lot of the sanctions were lifted in the 2015 deal. this was france's total which has a $5 billion deal to develop the largest gas field in the world which is in iran. airbus was looking to sell 100 jets to iran air. you had norwegian firm which had a billion—dollar deal to build solar panels. these countries will have two shoes with

investing in iran or doing deals with the us. some of the biggest asian economies are buying a lot of oilfrom iran asian economies are buying a lot of oil from iran and these asian economies are buying a lot of oilfrom iran and these include china, india and south korea. many countries will be affected if the stiff sanctions are implemented by the us. thank you so much. foreign ministers from the g20 are meeting in argentina. taking the spotlight, the real action of the venezuelan president. six members have said they will not recognise a sham election. argentina is trying to stabilise its own economy which is saddled with debt and double—digit inflation. it is driving oil prices aggressively hire. this is part and parcel to 0pec and non—0pec supply

compliance. any propensity for supply disruption is being jumped on and that is what is driving prices higher. crude is at $79 per barrel, us crude at 72 dollars per barrel, could we see with all of these risks are put together push oil prices at $90 even $100 again? there is the probability that could be a further escalation. to get those prices we will have to see some more supply disruption. we have to remember, these prices are very attractive for shale oil producers and 0pec to start ramping up production. we will have to look forward to the vienna meeting in june to have to look forward to the vienna meeting injune to see if 0pec continues with its compliance. argentinian peso is in trouble so what does this mean for south american emerging economies and asian emerging currencies? the

commons in the emerging market landscape now is the surging greenback. the us dollar has been running like a wrecking ball. not only is it increasing their debts surfacing load, it is making it difficult for them to do business because it is hard to buy dollars with your currency depreciating team. the argentinian peso in trouble and the economy in trouble, could this have a knock—on in asia's emerging economies. yes, we could see some possible knock—on effects. it isa see some possible knock—on effects. it is a tell—tale sign of emerging markets in general but they are coming off the boil right now. i would urge american outflow to escalate rather than see the propensity for inflows to increase. i's oil minister said he's looking at keeping rising fuel rates in

check with diesel and petrol touching record highs. the government says prices have gone up because of reduced oil production in 0pec nations and a hike in crude prices in the international market. but there are other reasons why fuel is so expensive in india. that is the highest the price of petrol has ever been in india. it roughly translates to about one and a quarter dollars. if you are outside this country it might seem like much. but if you look at the standard of living in india, it is expensive. many might be wondering why prices of petrol and diesel in india are at the highest when global oil prices are nowhere close to the high as they have ever been. the a nswer high as they have ever been. the answer is high taxes. depending on which part of the country you are m, which part of the country you are in, about 48% of the price you pay for petrol could be a combination of federal duties and state taxes. no wonder people are feeling the pinch. we have a budget. we have a monthly

budget. so the whole budget has gone up budget. so the whole budget has gone up and down. because of the rise in the prices i tend to walk a lot more thanjust the prices i tend to walk a lot more than just taking the the prices i tend to walk a lot more thanjust taking the car out. the prices i tend to walk a lot more than just taking the car outm the prices i tend to walk a lot more than just taking the car out. it is not just vehicles than just taking the car out. it is notjust vehicles on the street, airlines are beginning to see the effect as well. they could choose to pass on the burden to consumers. the biggest worry for the government is that whenever fuel prices go up, food prices shoot up as well because of the petrol and diesel required for the transportation of food, grain and vegetables in this country. it is a politically sensitive issue and we have seen a lot of opposition parties criticising the government, asking it to cut taxes on petrol and diesel. but there one option before the leadership, but it is tricky because back could eat government earnings. the sugar industry has been struggling with the twin challenges of our growing obesity epidemic and

increasingly health—conscious consumers. 0ne indian start—up is looking to tackle that problem by growing a 100% natural sugar substitute on an industrials gale. i spoke to the co—founder and ceo. she says it isn't just spoke to the co—founder and ceo. she says it isn'tjust better for society, but the environment as well. it is a high-intensity sweetener which means the leaf itself is about 30 times sweeter than sugar. it also, as a crop, requires less water than many other crops including sugar cane. how are you able to convince the farmers to shift from what they are currently farming to stevia ? shift from what they are currently farming to stevia? bat is the biggest challenge we have had so far. the farmers have been calmed by so far. the farmers have been calmed by so many people, so we had to do a

lot of work in terms of convincing them to give them the confidence we we re them to give them the confidence we were there to stay, we were not going to run away. that was the reason we started with our own farms. we became farmers ourselves. you started this company about three yea rs you started this company about three years ago, how much has grown since then? it has grown a lot. when we started, we started with general product so we were looking at the margin market, ginseng and other crops as well. then we came across stevia and it was interesting from many perspectives. one is the diabetic angle, my mother is a diabetic. the growing numbers are astounding. if you look at the w h a survey of the leading causes of death in 2000, the figure is nowhere and today it is the third leading cause of death in the world. and today it is the third leading cause of death in the worldm and today it is the third leading cause of death in the world. it was stevia producer, and let's look at

other businesses. sony says a deal has been reached to buy the music publishing firm emi for around $2 billion. sony signed a deal with an abu dhabi —based investment firm to buy its holdings in emi. it is part of the plan to move away from making gadgets and focus on gaining subscriptions in entertainment instead. thank you for investing your time with us on asia business report. don't forget to follow us on twitter. see you in the next hour. the top stories this hour: the eruption of kilauea in hawaii enters a new, violent phase — lava has doubled in speed with fountains of molten rock reaching 180 metres in the air. a summit to rescue a summit. president trump is to meet the south korea president to try to get his meeting with the north's kim

jong un back on track. it's the highlight of the horticultural calendar, showcasing some of the most creative garden designs from around the world. ahead of the chelsea flower show‘s public opening, we were given a sneak preview. the theme for this year's event is health and well—being, exploring how plants and green spaces can improve lives. helena lee reports. this, the world's most prestigious flower show, after months of preparation, garden designers finally get to showcase their work, and everything's in full bloom. one of the main showpieces aims to promote the benefits that green spaces have on mental health. this garden aims to highlight the importance of gardening to families who have been displaced by war. and this, another exhibit, designed to make an impact, highlighting the issue of plastic waste ending up in our oceans. these really tell the story.

that's the stomach contents from from one 90—day old albatross chick. and the parents go to the surface of the ocean to pick up food and it should be something like squid or cuttlefish, but instead they are picking up plastic. today, some well—known faces shared their love of gardening. i sit in it, that's what i do, and i enjoy it. trying to think of the names of some of the flowers that i have, i tried to learn them before they came out, alliums... probably a peony. and i love old—fashioned geraniums. dark red geraniums, all because i was brought up in suffolk, and it's a very suffolk thing. some final finishing touches before the show opens to the public tomorrow. tens of thousands of people are expected to enjoy the very best of what the gardening world has to offer. the speaker of the house of commonsjohn bercow has given an explanation amid allegations he used the word "stupid"

when referring to the commons leader, andrea leadsom. mr bercow said the reference was to the government's conduct of business in the house that day and not about mrs leadsom's political ability or character. the unions have dubbed it meltdown monday and for some train passengers it has been just that. big monday and for some train passengers it has beenjust that. big changes to timetables on monday had a knock—on effect and cause disruption to many parts of england. a shortage of train drivers was blamed for problems affecting destinations such as manchester, newcastle and liverpool. time now for all the sports news in sport today. hello, i'm gavin ramjaun, and this is sport today, live from the bbc sport centre. coming up on the programme. arsenal are set to appoint former paris st germain coach,

unai emery, as their new manager. kiev calling.... liverpool look towards the champions league final against real madrid. and morata misses out... the forward waves goodbye to a world cup place with spain. and serena williams won't be seeded for the forthcoming french open. hello there and welcome to the programme. first, arsenal are set to appoint unai emery as their new manager. the spaniard has been in talks with the club on monday as they prepare to appoint a successor to arsene wenger. former psg boss, emery, was a late contender for the job, as our correspondent david ornstein explained to me earlier. whether or not it is a surprise in turn lead to arsenal, certainly externally to the public, it will come as a surprise. it seemed all they had to do was press the button on mikael arteta, theirformer