carlos ghosn, a man described as a titan of nissan cars, is under arrest in japan. the chairman of the japanese car giant, as well as mistubishi and renault, is being investigated over claims he under—reported his own earnings. unconfirmed reports say he failed to declare $41; million over five years, half his actual earnings. fighting has broken out once more in yemen, striking a blow to efforts to end three and a half years of devastating conflict. saudi—led coalition warplanes have bombed houthi rebels in the port of hodeidah. and this video is trending on bbc.com. it shows huge waves crashing into an apartment block on the seafront in the canary island of tenerife. much of the island has been affected by severe flooding. that's all. stay with bbc world news. and the top story in the uk: theresa may has taken her brexit plan to the business community at the start of what she's described as a critical week for britain. now on bbc news, live to singapore

for asia business report. nissan shares slump in tokyo as it says it's chairman will be fired after allegations of financial misconduct. and how the transgender community is fighting for equality. good morning. hello, world, glad you could join us for another exciting edition of asia business report. we start off with nissan motors, and its shares are falling sharply in tokyo trade this morning after the carmaker said it plans to fire carlos ghosn from the chairman's

post after discovering he allegedly used company funds for personal use and committed other serious acts of misconduct. joining us now is my colleague marika oi. he is all over the headlines that he hasn't spoken about what's happened. no, it's important to emphasise we have not heard from mr ghosn himself, and we will continue monitoring if he makes any kind of statement today. he is accused of understating his income by 5 billion yen over five years, about 44 million us dollars, and according to the carmaker nissan, allegations of mr ghosn‘s areas misconduct fall into three areas. firstly, he allegedly misrepresented his pay in the report to the tokyo stock exchange, and also the purpose of spending the compa ny‘s exchange, and also the purpose of spending the company's investment. he is accused of using the company's assets for his personal use. this all comes from the company's

whistleblower programme, which was set upa whistleblower programme, which was set up a few months ago, and since then, the company has been investigating him and another executive before making the announcement last night. and he is the brains and the architects of this nissan — mitsubishi— renault alliance. what's going to happen? that's the interesting question because his sudden departure has highlighted the complex structure of the alliance. renault owns 43% of nissan, while nissan only holds 15% of renault, and the french government also holds 15% of that as well, and nissan also holds one third of mitsubishi motors as well. we were told there are many issues for the alliance to continue. the unity was buying did buy a mr ghosn himself. he had a very strong charisma. in regard to the bond of

these three parties, that's gone, and secondly, you can see the french government is going to increase their voice, and obviously mitsubishi motors would not want an excessive influence from the french government, so they would be so many issues brought about on the back of this, i would say, incident. issues brought about on the back of this, iwould say, incident. in fa ct, this, iwould say, incident. in fact, mr ghosn was in charge of nearly 500,000 employees, selling over10 nearly 500,000 employees, selling over 10 million cars last year, from 122 factories around the world, so this news really sends shockwaves around the world. we will have to wait and see what happens next, and when we will hear from carlos ghosn. thank you for that update, mariko 0i. chinese president xijinping is on that update, mariko 0i. chinese president xi jinping is on a regional charm offensive fresh off the apec summit. he is in manila today. our correspondent told me what china wants from this visit.

it's all about the south china sea and those huge gas and oil reserves that people believe are out there. this is also a waterway where trillions of dollars worth of trade flows through every year. relationships have been warming up. as you said, duterte has said it was like a flower blossoming, and xi jinping said it was like a rainbow after the rain, and he's referring to relations with the philippines and the former president aquino where relations got frosty. there was a ruling in the court of arbitration which suggested china's claims to this south china sea just off the philippines were illegal. since all that happened, duterte has shelved that in favour of getting closer to china, trying to woo some of that money his way, to try to find that build, build, build project. $24 billion worth of projects. at the moment, only $125

million have been pledged, or have actually been seen by this country since that deal was signed in beijing. now, what they are looking to do here in the next couple of daysis to do here in the next couple of days is to sign a joint framework to work out how they explore that oil together. some people in this country believe that would be selling the country short, that they should simply go it alone. they are worried that, by agreeing to this deal, it sets a precedent in this area, and that could actually verify china's claims to the south china sea off the coast of the philippines, so we will be looking to see what happens later today when xijinping arrives. he is coming around midday today. they will have meetings in the afternoon, and they are expected to come up with some announcements around 5pm local time. switzerland has once again taken top spotin switzerland has once again taken top spot in the world talent rankings, an annual report that highlights the ability of countries to attract, develop and retain top performing

staff. in asia, singapore leads the way with 30 place with hong kong in 18th. the director of the imd world competitiveness centre tells me what's behind the numbers. talent is very important, so the quality of the talent competition, of the colony, is affected by three factors. first how much the government invests in education and quality of education system. secondly, the ability of the country to attract and retain talent. third, to attract and retain talent. third, to what extent the labour force is skilled, so to what extent companies repair their employees for the tasks that they need. so why do the nordic countries do so well? switzerland is number one, norway number two. economic systems take a long time to develop, and europe has this amazing legacy of a good education system. the third gender is often overlooked

in the row around the gender pay 93p- in the row around the gender pay gap. india's transgender population is estimated to be around 4.8 million. while the government has recognised the third gender in terms of equal opportunities, in reality there is a big gap. we look at how there is a big gap. we look at how the community is fighting for equal pay in the country. this transgender group in the eastern city of coltart is celebrating the birth of a child. —— kolkata. it's a custom where they sing and dance, offering blessings for the baby's sing and dance, offering blessings for the ba by‘s healthy life. sing and dance, offering blessings for the baby's healthy life. the performance goes on until they are paid by the family. it can be a toughjob. there paid by the family. it can be a tough job. there are some bargains and eventually the child's mother rele nts to and eventually the child's mother relents to pay them $70. translation: this is how we survive. sometimes we getjust $1. what to do? there are nojobs sometimes we getjust $1. what to do? there are no jobs for the sometimes we getjust $1. what to do? there are nojobs for the men and women who employ us, so we go on

like this. 2000 kilometres away, harish is getting ready for his performance. he earns $1300 a month asa performance. he earns $1300 a month as a cross dresser and dancer, but to bea as a cross dresser and dancer, but to be a drag queen wasn't an easy choice of profession. why i choose thisjob — there choice of profession. why i choose this job — there was choice of profession. why i choose thisjob — there was no choice of profession. why i choose this job — there was no food at my home. i was in a small town, and wearing a woman's costume and making a task like this, it was not easy. according to a recent study by the world bank india has been losing around $2.6 billion every year because of discrimination against lg bt, that some businesses are more inclusive. members of the community feel stricter policies are needed. translation: big companies don't think about us. i think there should bea think about us. i think there should be a quota for people like us in jobs to guarantee their place, and

many can apply. this latest campaign is no conditions apply, in a mark of their social acceptance which she hopes will be found in corporate boardrooms as well. india has around 5 million transgenders. they got legal status in 2014 in the indian court that the social stigma still remains. they are not equal injob, health and education opportunities, but like the ceremony, there are those hoping to bridge this gap. that report from davina gupta. before we go, a look at the markets. asia is pulling back in early trading with the new k to 25 down by 191, the read by 328 points, after

us equities fell overnight as investors dumped apple, internet and other technology shares, further shaken confidence in a group of stocks that has propelled this long bull market: thank you so much for investing your time with us. sport today is coming up time with us. sport today is coming up next, and asia business report will be back in about 45 minutes' time. goodbye for now. this is bbc news. the top stories this hour: one of the world's most prominent business leaders, nissan's carlos ghosn, is arrested over claims of financial misconduct. the foreign secretary, jeremy hunt, has visited iran for the first time since he was appointed, and called for the immediate release of nazanin zagarhi ratcliffe, the british—iranian who has been held there since 2016 on spying charges. 0ur diplomatic correspondent

james landale was with the foreign secretary in tehran. this is not a sight you will see everyday. a british foreign secretary strolling the streets of tehran, sampling the delights of the grand bazaar. this is jeremy hunt's first visit to iran, and he came with a clear message. the country, he said, should immediately release nazanin zagari—ratcliffe and other british iranian dual nationals who have been detained. if they, as a policy, detained dual nationals as a tool of diplomatic leverage, then there will be consequences for iran. this is not something that the united kingdom will allow to happen and let them get away with it scot—free. it's a case he took to his iranian counterpart, who admitted he could help with humanitarian assistance, but little more. why can nazanin zagari—ratcliffe not be released ? would it not correct an injustice, but also improve relations between the uk and iran? i'm not in a position to discuss

the legalities of the case. she is an iranian citizen, and she has been accused by thejudiciary, which is an independent body. and that is the problem. the iranian power brokers who decide mrs zagari—ratcliffe's fate are not around this table. this afternoon mr hunt met her four—year—old daughter, gabriella, and otherfamily members. back in britain, her husband welcomed his efforts. honestly, i think we have been here before. this is the second time a foreign secretary has gone to iran, you know, to lobby for nazanin's release, so we will need to see exactly what happens before we get our hopes up too high. yet again, obviously we remain fingers crossed, and hoping beyond hope that she can be back before christmas. jeremy hunt, though, did notjust come to iran to talk about british iranian dual nationals. he also came here to assess

for himself the impact of us sanctions, here, on the streets of tehran. he concluded iran was under real pressure, seeing few western goods on sale. iranian leaders accept that people will suffer, but are urging european politicians like mr hunt to do more to help. james landale, bbc news, tehran. now on bbc news, sport today. hello. i'm marc edwards. this is sport today, live from the bbc sport centre. coming up on this programme: van djik delivers dutch delight in deutschland, a dramatic draw against germany sees the netherlands through to the uefa nations league finals. plans for a breakaway super league are fiction, we talk exclusively to the two most powerful officials

in european football. new zealand produce one of the great comebacks to win the first test against pakistan. hello, and welcome to the show. the netherlands are through to next years uefa nations league finals in portugal after a dramatic finish to the match saw them draw 2—2 with germany in gelsinkerchen. virgil van djik was the dutch saviour, slamming home a 90th minute equaliser, the netherlands coming from 2—0 down to rescue a point which sees them, and not world champions france, into the inauguralfinals injune. they join england, switzerland and portugal in the last four. it was not our best performance. still, we have a point. and i remember in holland, the people