she had a huge international following and sold more than 75 million records. tributes have been flooding in from the world of music and beyond. barack obama said her music had helped define the american experience. in italy, authorities are extending the search operation for possible survivors of the collapsed bridge in genoa for another 48 hours. 38 people are known to have died. and this story is trending online: one of india's best—known politicians, the former prime minister atal behari vajpayee, has died. he was 93. he was seen by many as the moderate face of the hindu nationalist party, the bjp. that's all. stay with bbc world news. our top uk story: exam boards say the number of a level students receiving a and a* has risen slightly on last year. now on bbc news, live to singapore for asia business report. malaysia's prime minister heads to

china to renegotiate negotiations from his previous prime minister, possibly worth billions of dollars. the movie crazy rich asians shows us lifestyles of the ultra rich. we will find out how some asian billionaires spend their money. hello, asia. good morning, everyone. it will be a crazy show right here on asia business report, i'm rico hizon. we start with mahathir mohamad and malaysia's 93—year—old prime minister has been busy renegotiating deals that were done

by predecessor nadja razak, now facing corruption charges. he's heading to china where he is expected to do just that —— najib razak. they were a series of investments in asia as part of the one world one doubt that —— one belt, one road project. iasked a nalyst belt, one road project. iasked analyst steven wong in kuala lumpar how that's going down with beijing. be used coast rail link is only one of two projects that is highly controversial —— the east coast. the other being the gas projects that were only discovered after the transition in government. i think from china's point of view, they will not want to set a precedent for the cancellation of products because that would set a tone throughout the belt and road countries participating. was malaysia really shortchanged in

these suspended projects? we don't know, but we do know the government believes, all people within the government believe that enough evidence to show that there was, shall we say, a nature... the thing was not entirely due to the projects and there may have been some money that was... a very large proportion of the money that was not connected to the projects but that was associated with the projects. steve, how far do you think beijing will want to renegotiate these deals? or will be just tell the prime minister, take it or leave it. —— will they. there's been the usual work that's been done, both by the foreign minister of both countries when they went to each other‘s countries. they're trying to clear the way for the types of visits china likes,

incident free, controversy free. how far they've managed to get, we're not sure. but the thing about mahathir is he's not known for his diplomatic niceties. he's already indicated in the press that certain things that he wants... how much china is willing to cede to these requests is a matter that still remains to be determined. steve wong joining us earlier from kuala lumpar. remember the hype of bitcoin? well, it's gone up from less than 1000 to nearly $20,000 last year but it's taken a dive partly because of big rises in the lira that pushed up the us dollar. has the tide turned against bitcoin graziano pelle the question to an analyst —— has the tide turned against bitcoin? i put the question to an analyst. there was a lot of panic buying and

people fearing missing out. we have seen bubbles burst with assets. you have seen panic buying and bursting of bubbles in the past. most closely related to this was the nasdaq bust. everyone saying it was a crazy crypto search without any fundamentals backing it up, but now it looks like it is following market sentiment. you saw the elation, now you're seeing what looks like capitulation. this is early—stage technology investment, it will take time to play out. is still developing, they will optimise it and then roll it out. the market got ahead of itself in terms of expecting rollouts over the six months or so —— it's still developing. what about others that have been listed? early-stage technology investment, which has potential in the future, but you have to risk manage your position, it is all

about position sizing. are we at the bottom about position sizing. are we at the botto m yet? about position sizing. are we at the bottom yet? difficult to say, if you're a patient investor, can this be paradigm changing? yes it can. indian films are notjust giving hollywood a run for their money on the mainland, the quality of the films made in the country were questioned were box office earnings ran past $800 billion last year. it is song, dance and action for bollywood fans in china. last year, karen cheng saw wrestling tournament starring top indian actor amir khan. my starring top indian actor amir khan. my first movie... i saw it and i was very fat, about 98 kg. but i saw his

transformation. i told myself, i very fat, about 98 kg. but i saw his transformation. itold myself, i can do it. you can see what i am here. indian cinema fan imports foreign movies into china. a lot of chinese people find a connection. sometimes the society background is similar, not the same, but similar to some extent. the emotion, the feeling. it's a family relationship. it is something that we cannot easily find in chinese local movies. there is an annual quota of four foreign movies in china, and currently, 3a foreign films are allowed into chinese theatres on a revenue sharing basis. last year, only one indian production, dungle, was released on the mainland. this

year, five indian productions have been released, but the worry is if the number of indian films playing in china were to go up, the quality of the releases could see a dip. in china were to go up, the quality of the releases could see a dipm you buy everything, if china brings all the indian movies to china, it will show them in their image. i heard a director in india saying the same thing happened in germany, i'm worried about the same thing happening in china. alan liu is coproducing a movie with an indian director. he hopes to build a market for chinese films in india by building recognition on local tv stations or roping in indian actors, but that would be a challenge in a market where hollywood has been the only foreign industry to have made a commercial impact. there's been a lot of buzz around

the new hollywood movie featuring an all asian cast called crazy rich asians. the movie shows the glamorous lifestyle of a fictional family set right here in singapore, but how do the real rich and famous lives in asia? what are some of the outrageous sums of money they've been spending? katie silver has all the facts and details. a lot of crazy money around the region? there is, so much. let's start with art. we have japanese billionaire, he apparently spent a record $110 million on a painting. the recently announced on twitter that he is sending the untitled painting of a skull on a world tour. would you spend $2 million on a car plate? chinese billionaire peter sagan reportedly did. mrtseng, who made billionaire peter sagan reportedly did. mr tseng, who made his money making sex toys, made the record for the highest price paid for a number

plate in australia —— peter tseng. he and is the number one plate in hong kong and a sydney licence plate that spells out the number—1. in victoria, where he purchased his plate, singledigit number plates are investment—grade assets. when it comes to family, money is no object, at least that's the case for indian steel tycoon lakshmi matalan. he reportedly spent $66 million on his youngest daughter's wedding in 2004, making it one of the most expensive weddings in the world —— lakshmi mittal how. they were flown in by a jet to a 17th—century chapeau. there was a performance by a kylie minogue. in southeast asia, billionaires love buying football clu bs a re billionaires love buying football clubs are —— and 17th—century chateaux. peter lim paid this amount for controlling stakes in valencia at back in 2014. he owns the rights

to cristiano ronaldo's image in a six—year deal, although we don't know how much the pricetag was for that. a lot of money among these asian billionaires, but you know what, katie, we are crazy, not rich, asian journalists. thank you so what, katie, we are crazy, not rich, asianjournalists. thank you so much for that update! lots of money here in asia. katie silber, my colleague and business reporter. with that we end this edition of asia business report. thank you forjoining us on this edition. see you again soon. this is bbc news, the top stories this hour: there has been an outpouring of tributes to the soul singer, aretha franklin, who has died at her home in detroit aged 76. the drought affecting large parts of australia is fuelling unseasonal winter bushfires, and is expected to get worse. the england rugby international danny cipriani has

been fined £2,000 after pleading guilty to common assault and resisting arrest after an incident in a nightclub onjersey in the early hours of wednesday morning. the 30—year—old fly—half has apologised and say he's "mortified" by his actions. robert hall reports from jersey. reporter: danny, will you apologise for your actions? once again, danny cipriani was running the gauntlet of the cameras for an incident off the pitch. another cloud to hang low over a troubled playing career. this episode opened during a night out during a training trip to jersey. at a seafront bar, cipriani, who admitted having too much to drink, was involved in a confrontation with door staff during which he tried to grab the doorman's body mounted camera. after leaving the club, mr cipriani encountered a female police officer who was aware of that altercation. when she attempted to arrest him, he resisted. there was a brief scuffle during which she was slightly hurt and eventually, with the help

of a second officer and watched by a small crowd, danny cipriani was handcuffed and taken into custody. in court and later on social media, cipriani apologised for behaviour which he said had left him mortified. his return to the england side in june followed a series of misdemeanours, many associated with alcohol, for theft of a bottle of vodka, injuries after being hit by a bus while drunk, a drink—drive ban. his club are standing by him, but tonight danny cipriani waits to find out whether his international career has faltered yet again. robert hall, bbc news, jersey. ian livingstone has been named as bonucci constable of police scotland —— as the new chief constable. he said officers in the force must respond to the challenges of helping vulnerable people and supporting

diversity in his first interview in the role. retail sales grew faster than expected last month with the good weather and world cup boosting food sales in particular. figures from the office of statistics said overall sales rose 7% from the figure injune, 3.5% higher than the same time last year. —— .7%. thanks for being with me. now on bbc news, sport today. hello, i'm chetan pathak and this is sport today, live from the bbc sport centre. coming up on this programme: going global — spain's top division, la liga, confirms a top—flight game will be played in the united states. the round of his life — brandt snedeker cards an 11—under par 59 to make history at the wyndham championship in north carolina. the heavens open in cincinnatti,

but simona halep needs just five minutes to finish off her match. welcome. the top flight in spanish football, la liga, has announced a 15—year deal to stage matches in the united states. la liga's presidentjavier tebas has called it a ground—breaking agreement but details about which game will be played abroad and the season it starts are still to be revealed. the deal‘s designed to increase revenue from sponsorship and media rights in north america. spanish football journalist eduardo alvarez believes it's long overdue. la liga knows that it has taken very few and very timid