our top story: raging wildfires in california have forced 50 thousand people to leave their homes. tens of thousands of firefighters have been brought in to tackle a series of blazes around the state. at least seven people have been killed, including four firefighters. hundreds of hikers trapped on a volcano in indonesia after sunday's earthquake have escaped to safety. and this story is trending on bbc.com: it's been an embarassing episode for britain's new foreign secretary during a diplomatic mission to beijing. jeremey hunt referred to his chinese wife as being japanese. he called it a terrible mistake. that's all. stay with bbc world news. and the top story in the uk: the supreme court has ruled that legal permission will no longer be required to end care for people in a persistent vegetative state, now on bbc news live to singapore

for asia business report. what will it take to jumpstart the japanese economy? investors brace for twea ks to japanese economy? investors brace for tweaks to the monetary policies in the country. it is climbing mount everest on your bucket list? some after filling their dreams and rebuilding the nepalese economy after a devastating earthquake. welcome to asia business report. the bank of japan's policy meeting this week is attracting a lot of attention because some expect the central bank to make changes to policies aimed at stimulating the

japanese economy. one area the boj could tweak is the plan to buy japanese shares through exchange traded funds, or etfs, since 2016 the bank has aimed to spend 5a billion to purchase shares in japanese companies via these etfs to pf°p up japanese companies via these etfs to prop up the stock market. another tool, something called yield curve control, the boj has been trying to increase the difference between the yields of short—term and long—term bonds. why is it important? it helps pay and speak on more profitable and the thinking is it will spur the banks to lend more money to companies as well. these policies are part of the boj's effort to push inflation higher. that has proven incredibly difficult with inflation remaining lower than the target of 296. remaining lower than the target of 2%. the central bank governor is behind the stimulus moves. one

co nsulta nt behind the stimulus moves. one consultant says she expects him to loosen monetary policy but some are bracing for something called a koroda tantrum. that would be to go to the tapering or the exit strategy, and that is a tantrum because it could send the world's financial market into the tailspin and that could be fairly disruptive with the interest rates going up and the currency rate also affected, so thatis the currency rate also affected, so that is called a tantrum, but the koruda tantrum, as we forecast, is unlikely to happen, because of the reasons cited before. tell us a little about japan's inflation targeting. why haven't they been able to achieve 2% which they so need? inflation target, the consumer price increase, is a function of a number of parameters. some

para meters number of parameters. some parameters will work to push it up, some down. so monetary easing, high energy cost, or the robust economy would all increase the inflation target or the expectations. on the other hand persistent factors will bring them down. shares in the american express fell two and a half ‘x: american express fell two and a half % after the company raised currency conversion rates for business clients without notifying them. a us business reporter paul blake explains what allegations the company is facing. this goes to a wall streetjournal article that p°pped wall streetjournal article that normed up wall streetjournal article that popped up earlier in the day here in the us and the wall streetjournal is alleging essentially that american express attracted businesses to come to them for foreign exchange services at one rate and later without notifying,

the key allegation, without notifying them that the rate was increased. the wall streetjournal says this was done to boost revenue and employee commissions and it was happening from 2004 up to the beginning of this year. the company has taken issue with that and say they have no contractual pricing obligations to clients and they say they believe all transactions are completed and were reported in a fairand completed and were reported in a fair and transparent manner. and the rates customers authorised. they say they are taking the allegations seriously and they will bring in an external review group to conduct a review of it. at the end of the day they say they don't think they have done anything wrong and they look forward to fixing problems if they come up. the pricing of shares in china towers' initial public offering will happen soon. it is the world's largest telecoms tower operator listing in hong kong which could raise as much as $9 billion, which

would likely make it the largest global ipo since alibaba group collected $25 billion four years ago. the chief investment officer at mandarin capital spoke me earlier. china is very focused on getting 5g going up and becoming a technique, so going up and becoming a technique, so in order to have the 5g networks at full power you need to increase your towers. they created this china tower by amalgamating three other telecom companies in order to start big progress and targeting the 5g market. it is going to be potentially the world's largest ipo since alibaba for a firm with let's face it no global recognition and what some might call a fairly steady but dull sort of business, so is it going to attract investment from

investors ? going to attract investment from investors? we have been seeing on the institutional side quite decent interest. on the retail side however it has been dull. you need to understand the industry. you need to understand the industry. you need to understand why you need these towers. it is really for the speed and the network coverage that we demand today. if you look at the market, consumers, they want quicker speeds, they want better network coverage and you need these towers. in other news, caterpillar says it has bumped up the full year forecast after reporting record second—quarter profits. it is important to watch. these results can shed light on how a us trade ta riffs can shed light on how a us trade tariffs are affecting american companies. earlier, the company which makes construction and earthmoving equipment, increased its prices to offset rising materials costs. samsung has posted a 5.7%

rise in the earning report led by sales of semiconductors which helped the south korean giant defy sluggish growth in the smart phone market. operating profit for the biggest maker of memory chips and smartphones was almost $13 and a half billion. mount everest, of course, the world's tallest mountain, notorious for its harsh climbing conditions and treacherous weather. climbing to the top can cost as much as $100,000 and you need significant technical mountaineering experience and fitness, but for those unable to climb, they can track to the base camp, which is becoming increasingly popular. in this week's experience, we look at how tourism is changing the economy in mountain villages in

the economy in mountain villages in the himalayas. this short runway is the gateway to base camp. just about every track at everest base camp starts and ends right here. —— trek. just coming here to the mountains, good for the business, good for the country. we are finally here at everest base camp and it has taken eight days to

get here. i have to admit, i am feeling a little bit broken. it is physically challenging. but that is also why it is so rewarding. anyone who has been on this trek would never forget it and that is why the brand everest has built such an economy about it. i read a lot of books and saw a lot of films about everest, so just to get here was a dream of mine. tourism is one of the most important components of the nepalese economy. definitely there are some players in the market that are trying to undercut pricing. the challenge with

some of those agencies is the level of reliability and responsibility with their treks. it is everest there. let's have a look at the peaks and troughs markets will hit today. the nikkei has opened in japan markets will hit today. the nikkei has opened injapan and it is already down essentially because of caution before the bank ofjapan meeting and possible changes in monetary policy that we have been telling you about. that is it for the programme. this is bbc news. the top stories this hour: raging wildfires in california that have been burning out of control have forced 50,000 people to leave their homes. hundreds of hikers trapped on a volcano in indonesia after sunday's earthquake have escaped to safety. some rail services in the north of england,

that were scrapped back in may due to a shakeup of the timetable, are back. up to 75% of the trains are up and running again, but angry commuters still faced cancellations and delays in many areas, as danny savage reports. just after 7am this morning and lorna fitzpatrick is waiting in burnley for her daily northern service to leeds. it arrives on time, but lorna says the new timetable means more stops and more passengers. i have this dread every single morning, because i know that the train is probably going to be late and i'm probably not going to get to work on time, as usual. train announcement: on behalf of northern, i'd just like to apologise for the... every single aspect of my life revolves around this train and i'm just absolutely sick of it. i'm at the end of my tether. it's had such a massive impact on my life — my professional and my personal life. and i can't be the only one in this situation. northern says a more gradual reintroduction of its timetable will ensure a more stable and reliable service. but again, today, there were delays and cancellations. the mayor of greater manchester says enough is enough. today, i have called on the prime minister to intervene, because passengers in the north

can't keep running the daily lottery of turning up at the train station hoping they will be able to get to work on time. they deserve much better than this. and that was reflected at this company in manchester, who are having to build their working day around the delays of staff commuting on northern. there's usually lots of calls at 8:30am with people saying they're going to be delayed, they are going to be late. there is a bit of chaos rearranging meetings, say if we've got a pitch where we are going to be trying to win new work. it is having a huge impact on us being actually able to win new business and grow. northern blamed a shortage of drivers for the chaos back in may. they say training has now happened. the unions disagree. you're operating services on overtime, that says to me and to our members, and i suspect to passengers, that you haven't got enough staff in the first place. there were certainly fewer complaints on social media about the trains today, but the commuters we met believe the real test will be in september.

let's get more on california's deadliest wildfire is taking place, and we can bring you to the scene where firefighters are battling the fires that have broken out. they have said they have made some progress when they look across the state where the fires have been raging for a number of days. they are projecting about 20% of the fires have been contained, that is up fires have been contained, that is up from 5% on saturday, when the wind and the dry conditions were causing it to grow. but this is just one of a number of major wildfires that are causing a lot of destruction to the area. about 50,000 people have been displaced and thousands of firefighters across the state are tackling the blaze is, which has claimed the lives of at least seven people. more on that to come with mike embley, in 15 minutes' time, but first it is sport

today. i will see you soon. coming up on the programme. psg need some late heroics to top atletico madrid in the latest international champions cup tie — but why are so few fans turning up for the games? england selectors come under fire following adil rashid's includsion in the squad to face india in the 1st test on wedmesday. and "let's dance. " former heavyweight champion tyson fury says the deal is almost done to set up a clash with deontay wilder. we begin with the international champions cup where there's been much talk of the lack of big name talent in action for the worldwide