you're watching bbc news. i'm babita sharma with bbc news. the shangai region in china is being hit by a tropical storm — the third of the season. the heavy rain caused this sinkhole to open up in the city of xi'an. local residents scrambled to pull out a car as the floodwaters swept through the streets. a small number of far—right supporters have held a brief rally near the white house in washington. organisers had said up to 400 people would attend, but farfewer did so. they were outnumbered by cou nter— protestors. and this story is trending on bbc.com: a royal engagement in japan. princess ayako is to marry key moriya, who works for a major shipping firm. the princess is the youngest daughter of the late prince takamodo. that's all. stay with bbc world news. and the top story in the uk: the government has anounced £100 million is to be put towards ending rough sleeping on england's streets by 2027. homeless charity, shelter,

say the money will help but it won't provide a total solution. now on bbc news, live to singapore for asia business report. the turkish lira at a fresh record low, turkey drafting a plan to ease financial market concerns. and sanctions over iranian oil threaten to push prices higher. we find out what oil producers will say about the growing tension. welcome to asia business report. we begin with this spat not between the us and china this morning, but between the us and turkey. the value of the turkish lira is at a fresh record low, as you can see and oui’

lira is at a fresh record low, as you can see and our screen, lira is at a fresh record low, as you can see and our screen, against the us dollar. check this out — this year it has lost 40% of its value and turkey's refusal to release the american pastor has worsened relations between the countries. president trump said he would double the steel and aluminium tariffs and on friday the lira have the worst day since the turkish financial crisis in 2001. in response the president said his country was facing an underhand plot as he addressed a rally on sunday. translation: the response to those who wish to create a trade war against the whole world and our country will lead to new alliances. look at this. they increased tariffs on metal and steel. we are a member of the world trade organization. this is not part of the rules of the

world trade organization. this cannot be done. strong words from the turkish president. turkey has drafted an action plan to ease financial market concerns and we should see those come into play on monday. so what is the impact of the crisis on other emerging markets, especially in asia? i put that question to an economist from cimb private bank. the relation has plunged and european equities have fallen. the worry comes from liquidity issues itself and exposure of european banks, and turkey itself. again, it reminds investors how vulnerable markets have been, out for is for many weeks now, and here in asia questions of emerging markets anchored by china could still be vulnerable because we still have the tit—for—tat trade fight

going on. asian equities basically tanked, the currency fell against the us dollar, which has climbed to a year high, especially on friday night after the us inflation data at a ten year high. so, yes, it has come back strongly. we are starting to see the south—east asian currencies under a great deal of pressure, i know in indonesia rupiah is at near record lows. if you look at the vietnamese dong, it has fallen as well, and data reflects our flows in the reserve that we saw as the country tries to hold up the currency. going forward, it will depend on emerging countries, at the fundamentals remain strong. yes, they are vulnerable, but they are

not in the same situation as we saw in 1998 when we have the asian financial crisis. currencies now are flexible. they are nobby shock absorber. by and large, domestic matters will matter —— not the shock absorber. it will be the chinese state that matters most in terms of whether it will anchor and stabilise sentiment in the region. if china can show that the data is resilient after the month ofjuly are think that will be a reassurance. if not we could be buffeted from turkey and beyond. let's turn attention to another target of us sanctions — this time iran. it could have a serious impact on oil prices. the oil producers cartel opec publishes the monthly report today and there

will be keen interest in what they shake about the tensions. i asked a commodity analyst about the likely impact on prices. it is generally supportive. it is estimated that iran could lose 700,000 to 100 million barrels a day of production. that will tighten supply and that will support prices. on the other hand you have an escalating trade war that could dampen energy demand. you have forces in two directions. one of the key factors is the midterms that the trump administration is looking at. it seems to be determing all of their strategy. how is that impacting their strategy? president trump has wa nted their strategy? president trump has wanted to have a prominent voice on oil prices. he tweeted he reached agreement with the king of saudi arabia to increase production to million barrels a day which was later discounted. he commented that opec isa later discounted. he commented that opec is a monopoly. it is 2a

countries and two mata, saudi arabia and russia. he clearly wants a prominent voice in setting policy. we will see if he gets away with it. it is clearly iran versus trump that will be a major focus and it seems to be escalating. they are not renegotiating a trade agreement. the us said they want to see iranian exports dropped to zero and that would be very butch. john driscoll talking to me earlier. now, in november and america will go to the polls to vote in the crucial mid—term elections. but as intelligence chiefs in the country continue to warn of russian interference, there is great concern. just how vulnerable is the us's voting infrastructure to a cyber attack? our technology reporter dave lee met some highly skilled hackers capable of cracking the american defences. well, now, i'm going to try to change the votes for donald trump. i'm going to try

to give him less votes. these are the websites that are very important because they report the election results to the public. they also tell the public where to go and vote. you can imagine if either of these two things were changed, the chaos that would answer you.“ these two things were changed, the chaos that would answer you. if you need any assistance please raise your hand —— that would ensue. delete the rose, updating the rose. deleting them, adding them. —— delete the rows, updating the

rows. you can just go in, we —— delete the rows, updating the rows. you canjust go in, we can call it with our own name if we want to and make it look like we have won the election. time has expired. you have the opportunity to do that today. do so. vote yes on this amendment for your country! usa! usa! usa! do you think these systems should be more secure? we should have it weighs secure because russians are out there, people —— way secure. because russians are out there, people -- way secure. meanwhile president trump is putting pressure

on harley—davidson. in a sunday morning tweetie supported bikers boycotting harley—davidson over plans to shift production overseas. the chief executive told cnbc elliott that while harley—davidson has manufactured engines for the last 115 years that the trump administration tariffs meant that the motorbikes could be twice as expensive. before we go it is a new week with lots of things to look forward to on the economic calendar. here is what we have caught. retail sales in china for the month ofjuly and industrial production. these indicators should tell us in theory at people are spending at how factories are doing. mid—week we have china's home prices date which will tell us if the government's two yearcampaign to curb will tell us if the government's two year campaign to curb speculation in property prices is working. later in the week, japan will release its trade date on thursday. all of this of course coming on the backdrop of potential tariffs coming from the us

and the us— china trade war on the same day in fact that malaysia will release gdp data for the first figures under the new government led by the prime minister, which we will look at closely. and, very quickly, let's look at the markets, you can see the impact that the turkish lira crisis has had on asian markets with the nikkei down 1% and a stronger yen thought to be leading to that. that is it from me here in singapore. thanks very much for watching. this is bbc news. the top stories this hour: torrential rain and flooding across much of china, with a dramatic rescue in the city of xi'an, as a sinkhole opens up in the street. tight security in the us capital, as anti—nationalist demonstrators outnumber a handful of white supremacists who held a brief rally. police investigating a shooting in the moss side area of manchester

on sunday morning are treating it as a case of attempted murder. ten people, including two children, were taken to hospital for treatment, mostly for pellet wounds to their legs. a carnival had been taking place nearby, but had finished some time before the attack took place. police said it was "a reckless act that could have had devastating consequences". from moss side, megan paterson reports. thousands of people enjoy manchester's caribbean carnival every year. yesterday was no exception. but after the event finished, a few streets away, shots were fired. officers arrived at around 2:30am this morning. some were armed. ten people, including two children, were admitted to hospital immediately. throughout today, another two people sought medical help for minor injuries. it was all laughing and joking, and then you heard pop,

and then about two seconds later you heard pop, pop, and then everybodyjust scattered and ran, you know? there were screams. everyone was hysterical, because it scared everybody. it was a big crowd, it could have hit anybody, anybody. officers believe this is an isolated incident, and that a shotgun was probably used. they said the impact could have been far worse. while the injuries are serious, they're not life—threatening. i think it's more by luck that that's occurred, and actually, discharging a firearm in a crowded place like that, we could be investigating here a murder inquiry, as opposed to an attempt murder investigation. over the last 30 years, this area has changed dramatically. guns and violence were once commonplace here. this incident has caused anger and frustration for the community leaders who have worked hard to change this neighbourhood's reputation. i live in moss side, i love moss side, i breathe the air

of moss side. i've been there for a long time. i will continue to spread the good word about this community. but situations like this don't help, and it's about sending the messages to the people. as the community in moss side comes together to clean up, an attempted murder investigation continues this evening. everyone is eager to understand what happened here, and find whoever is responsible. megan paterson, bbc news. now on bbc news, sport today. hello, this is sport today, live from the bbc sport centre. coming up on this programme: brooks koepka wins the us pga championship in missouri, and a third major title in the space of 1a months. premier league champions manchester city are off to a winning start as they beat arsenal in their first game of the season. and world number one simona halep wins the canadian open in montreal,

beating sloane stephens in three sets. hello and welcome to the programme, where we start with the golfing news that american brooks koepka has won his second major of the year and third in 1a months, by claiming the 100th us pga championship in missouri by two strokes. after a shaky first five holes for the world number four, that included two bogeys, he regained his composure, showing great consistency both off the tee and to the greens. but he was pushed all the way by adam scott and 14—time major winner tiger woods, who was in the running until he fell apart on the penultimate hole. and the 28—year—old from florida held his nerve to finish on 16—under and cement his place as arguably this year's premier player, as he lifted the wanamaker trophy. this was an extraordinary victory for brooks koepka, his third in a major in the last 1a months. he becomes only the fifth player to win the us open and now the pga championship in the same year, and he did it with a nerveless display