i'm babita sharma with bbc news. our top story: leicester city football club have confirmed that their chairman, thai businessman vichai srivaddhanaprabha was among those killed in a helicopter crash on saturday evening. he died along with four other people when the helicopter crashed outside the stadium. no—one on—board survived. the far—right candidate, jair bolsonaro, has claimed victory in brazil's presidential election, beating fernando haddad from the left—wing workers‘ party with 55% of the vote. and this video is trending on bbc.com. a new zealander has won his fourth world scrabble championship title at the finals in london. nigel richards clinched victory when he played the word groutier, scoring 68 points. groutier comes from grouty which means cross, sulky or sullen. that's all. stay with bbc world news. and the top story in the uk: the chancellor philip hammond is preparing to unveil his budget on monday. he says in the event of a no—deal brexit, an emergency budget would follow. now on bbc news, live to singapore

for asia business report. right—wing candidate jair bolsonaro has won brazil's presidential election run—off and will take charge of south america's largest economy. pet owners in china are digging deep into their pockets to give their loved ones some tender loving care. hello and welcome to asia business report, i'm sharanjit leyl. investors have welcomed the election of far right candidate jair bolsonaro in brazil's presidential election. tokyo listed brazilian shares have jumped by election. tokyo listed brazilian shares havejumped by more than 10% this morning on the news. despite his hardline stance on china, his

policies are seen as being positive for the brazilian economy. our south america business correspondent daniel gallas said the country is heading ina daniel gallas said the country is heading in a radically different direction. jair bolsonaro is promising to privatise state—owned companies. he's promising budget cuts and a lot of the things markets want to see happening in brazil. we've seen the stock market in brazil rally a lot, even stocks in new york trade also rallying up as jair bolsonaro was approaching this big win. he's getting 55% of the votes. there's already 95% of ballots counted in brazil. he's been nicknamed the trump of the tropics, as you said, this push towards the right wing, so will he upset the apple cart as much as the us politics, president in terms of trade relationships with countries like china? brazil isn't a

heavy hitter like the us, not a powerful nation with lots of bargaining power so even though bolsonaro may says a a few things about china, he's not a president that can change things about trade —— may say a few things. there's lots of restrictions to imports in brazil. we're not clear on his trade policy, will be open up brazilfor more trade, which could mean good news for china, which exports a lot of industry products —— will he opened up. will he try to protect national industry? —— open up. his finance minister is a man more prone to opening up the brazilian economy, so that could be good news for asian economies. daniel gallas speaking to me from sao paulo. it's the second and final day of a summit between these two men, indian prime minister narendra modi and japanese prime minister shinzo abe.

they are meeting in tokyo and countering china's growing influence is high on their agenda as a formal launch of negotiations of a military logistics pact is expected to be the highlight of the meeting. other details on the rise horizon are the sale of japanese bullet trains and an agreement at welcoming more skilled indian workers into japan. a university professor says this is another step in improving the relationship between the two countries. the economic ties are getting a lot better. japan has a lwa ys getting a lot better. japan has always been an ardent investor in india but at the same time, as you just reported, we mutually have a problem and that's aggression from china and in that sense there is a lot we can incorporate, especially in the situation where we are seeing this regression towards conservatism very much led by mr trump, which is very much led by mr trump, which is very u nfortu nate for very much led by mr trump, which is very unfortunate for the free world so basically we need to unite a lot

stronger, especially considering the protection of our benefits in the future in southeast asia. what can we expect from this military logistics pact they are due to sign? in terms of economic repercussions, what will we see? two things, one is the re—confirmation that we are basically tying up together, which is most important, assurance, secondly, a lot of the economic movements, for example infrastructure in north—eastern india asa infrastructure in north—eastern india as a lot to do with the japanese investment, but at the same time, growing areas in north—east india would mean to lessen the influence of china. it kills two birds with one stone in that sense as well. those are the papers is within the structure and of element but it's closely tied with china. you mentioned the geopolitical climate, but tell us a bit about the

other deals, the fact they're trying to let more skilled indian workers intojapan, to let more skilled indian workers into japan, this is quite a big deal considering japan has a very strict immigration policy. absolutely, we have a very serious problem. looking at our demographics, we have a serious problem with the lack of labour force but as you noted, serious problem with the lack of labourforce but as you noted, at the same time we have a very, very rigid immigration policy. we have to really melt the ice and i think mr abe is trying to do that from a basically historically friendly area, for example, india, with high skilled workers. he's starting to melt the iceberg i think. a new report has shown that the majority of people who live in asia, as well as africa and the middle east, are making more money, holding better jobs east, are making more money, holding betterjobs and owning more homes than their parents ever did. the study defines the emerging affluent as those who earn enough to save and invest. it's based on 11,000 people

surveyed, 75% are in management positions or run their businesses. 88% of them own their own homes, that compares to 78% of their pa rents. that compares to 78% of their parents. standard chartered's expert says the change is driven by many factors. macro factors, gdp growth, the difference of the advantage cost difference helps and that's been happening for the last few decades. there must be something more micro, something neither hape years of asian families that helps sustain that over time, especially their focus on education is incredible. that's their top priority. you mentioned asia but it took into account the middle east and africa, so which countries in this massive study are doing better than others? this survey covers half of the

world's population. we're talking about almost 4 billion people in 11 markets. that is half the world today at least. the ones that are growing faster are unsurprisingly the ones that are starting from the lower point, but have these phenomenal growth levels in the last few years, china, indonesia, india. the 1's a bit below that are the hong kongs, the singapores... more developed markets. more developed markets. it's more difficult to grow faster when you're already up there. very briefly, women are playing a strong role, tell us why. women are catching up very fast and they're one of the drivers of this phenomenon. clearly it's driven by... ifi phenomenon. clearly it's driven by... if i had to pick one factor, again, it is education. 88% of the respondents... female respondents

have university degrees, which is more than twice of what their mothers had. standard chartered's fernando morillo stoppila sunzu to china, where pampering for pets... —— standard chartered's fernando morillo. to china, pampering for pets is increasing, acupuncture and spa visits for their beloved animals. it's going crazy. let's ta ke animals. it's going crazy. let's take a look. lots of pampered pooches in china. looking at the markets now and many have opened in asia, and they seem to be defying wall street's close on friday, where we saw a sea of red. those markets that are open, the nikkei 225 and australia are higher at the moment. let's look at those numbers. the reason being there's a lot of bargain hunting going on because of all this loss we've seen in recent days. that's all for now, thanks for watching —— all the

sell—offs. this is bbc news, the top stories this hour: tributes have been paid to the leicester city chairman, and thai businessman vichai srivaddhanaprabha who was among five people killed in a helicopter crash on saturday evening. the far—right candidate, jair bolsonaro, has claimed victory in brazil's presidential election, beating fernando haddad from the left—wing workers‘ party. chancellor philip hammond is preparing to unveil his budget on monday saying that in the event of a no—deal brexit it would have to be followed by another emergency budget. he's warned future plans for government spending are contingent on britain and the eu reaching a deal. here's our political correspondent, ben wright. it will look like a normal budget, but these are not normal times. if there is no brexit deal reached with the eu, the chancellor will have to write a new budget. if there was an unexpected turn of events, the right thing to do would be to

revisit where we are, decide how best to respond. that depends on what markets are doing, it depends on the circumstances of the moment. but the important point is i have got fiscal reserves that would enable me to intervene. it's not the only consideration for the chancellor. at the tory party conference last month, his boss made a bold pledge. a decade after the financial crash, people need to know that the austerity it led to is over and that their hard work has paid off. the question is how that pledge will be delivered and paid for in the coming years. the nhs has been promised billions more. many public services are reeling from eight years of cuts, and the chancellor is under pressure from his own mps to help fix the roll—out of universal credit. today, a hint from mr hammond that he's listening. in last year's budget, i put £1.5 billion into trying to smooth some of the issues around transition from the legacy system to universal credit. and where we see issues

that need addressing, we will address them. higher than expected tax receipts will allow the chancellor to spend a bit extra on things like road repairs and business rate relief. but, with no majority in the commons and a very fractious tory party, the ever—cautious chancellor is unlikely to risk any radical budget moves. he knows too that a botched brexit could capsize all his plans. the shadow chancellor said he was deeply worried. the shadow chancellor was that he was deeply worried. a whole callous complacency about what philip hammond is doing at the moment, on universal credit and on brexit at the moment, the implications for our community if there is a no deal, i think could be catastrophic. and he should be standing up now and saying there will always be a deal, and he'll work with us if necessary to secure the deal. brexit frames this budget and big tax and spending decisions will be delayed until it's done. ben wright, bbc news. that's it from me, time for sport

today. see you soon. hello, i'm chetan pathak and this is sport today, live from the bbc sport centre. coming up on this programme: job done — lewis hamilton celebrates winning his fifth formula one world title at the mexican grand prix. the biggest title of her career — elina svotilina beats sloane stephens at the wta finals in singapore. and an el classico to forget for real madrid as barcelona score five. hello and welcome to the programme. a week ago in the us the celebrations were put on hold. now, in mexico, the party can begin for lewis hamilton who is a five—time formula 1 world champion after getting the result he needed at the mexican grand prix. hamilton finished fourth, his title rival sebastian vettel second whilst the race was won by red bull's max verstappen. hamilton's equalled

juan manuel fangio's record of 5 titles and is nowjust two behind michael schumacher on seven. john watson reports. lewis hamilton, five—time world champion and this, an all—too—familiar feeling.