this is bbc news. our top story: brazil's new populist president says he'll rule the country with an iron fist. jair bolsonaro‘s taken office pledging to tackle corruption and violent crime and free the country of political correctness and socialism. a space probe has sent the very first image of an icy world of ultima thule, from the very edge of our solar system. nasa has called it a moment in history. and this video is trending on bbc.com: a memorable start to the new year for eight thrill—seekers in france. a technical problem lead to them being stuck on a ride 50 metres in the air for the stroke of midnight, some of them for a total of nine hours. a helicopter eventually helped them off. that's all. stay with bbc world news. and the top story in the uk: police have launched a terror investigation after the stabbing of three people at manchester's victoria railway station. a 25—year—old man has been arrested on suspicion of attempted murder, and detained under

the mental health act. now on bbc news, live to singapore for asia business report. the market in 2019, after the worst yearfor the market in 2019, after the worst year for global equities since the 2008 financial crisis, veteran investorjim rogers gives us his view of the next 12 months. new year, new trade war hopes. will we see a resolution to the conflict between the world's two biggest economies? good morning, asia. hello world. it is the new year. glad you could join us for the first edition of asia business report. i'm rico

hizon. we all know that 2018 wasn't great for stocks. investors around the world lost a whopping $13 trillion us, that is bigger than the size of china's economy. 40% of the loss ca m e size of china's economy. 40% of the loss came from asia, 30% from the us, march came in the final month of the year and wall street had its second worst december in history with the bigger slide since the great depression. international investorjim rogers gave us his view of the year ahead. you think 2018 was bad? wait until 2019. we won't see a bounceback? a bounceback, a rally, trump will say some good things and it will get better, but thenit things and it will get better, but then it will get worse. what should we be worrying about in 2019? higher interest rates, many economies starting to fall into the tank, as you know, it starts well, when we are not looking, gradually it moves over here and then it is on the bbc and then we all know, oh my god, something is wrong. investments are

down, there is opportunity, so where is that opportunity? russia, russia is that opportunity? russia, russia is hated right now, china, if i was looking around, i would say china, russia, maybe hong kong, these are the markets that are down. when we spoke to each other two years ago, you encouraged me to be a farmer and by agricultural land, is it still the case? yes, why didn't you do it, you would be rich! i wanted to become a broadcaster. why don't you become a broadcaster. why don't you become an agricultural broadcaster? so where do you buy the land, where do you invest? the best place would be siberia, north korea, where i am not allowed, you are not allowed, but north korea would be a great place. if you like north korea, will we see progress in us— north korea talks this year? will we cd neutralisation? it is likely to come from south korea. —— will we see denuclearisation? america wants to

keep troops on the chinese and russian border. everyone else wants it. you want it, i want it, everyone wa nts it. you want it, i want it, everyone wants it except the pentagon! fair enough. what about the ongoing us— china trade conflict? will it be resolved? we are seeing positive signs. there is good news going to come, yes, but late in the year, rico, when things get bad, trump will go back to protectionist. he is protectionist at heart, the guys around him are protectionist, they think the trade war is good. they are not, they are not but mr trump things he is smarter than history and that is when you get very worried. what is the outlook for 2019, where is it headed? 0k worried. what is the outlook for 2019, where is it headed? ok for a while but by the end of the year we will be in trouble and we will have the worst financial problems in my lifetime. you remember 2008? we had terrible problems of too much debt. since then the debt is much higher.

it is going to be worse. the debt is so much higher. the american central bank alone has increased its debt by 500% in ten years. bank alone has increased its debt by 50096 in ten years. so when the us economy sneezes, the world catches a cold. will it impact asia, particularly china? of course. china is one of the largest trading nations in the world. japan, taiwan, korea, these are huge, singapore, huge trading nations now, and america is the largest trading economy in the world, so when they have problems, we have problems. and jim rogers added that cryptocurrencies will collapse to zero. the us— china trade will cast a shadow over 2018. we started the year with hope that the resolution would occur to the conflict, however theissueis would occur to the conflict, however the issue is beijing's overseas investment under its belt and road initiative which china insists is an infrastructure programme to boost trade and prosperity, but critics are warning of "debt trap

diplomacy", as our correspondent reports. this is the main road connecting pakistan with china, it is nearly 1000 kilometres long, but its single lanes 1000 kilometres long, but its single la nes ofte n 1000 kilometres long, but its single lanes often become clogged with traffic. to reducejourney times, the new highway is being built along this stretch, with the help of a chinese loan. it is part of a broader series of chinese funded infrastructure and energy projects, the china — pakistan economic project. for both countries the advantages of kpec are clear, through this project china can access the arabian sea on the pakistani post, cutting import and export times, and pakistan for its pa rt export times, and pakistan for its part is getting much—needed investment. but these projects are worth over $60 billion and there are concerns about how the country could pay that money back. the chinese

relationship... speaking on bbc hardtalk, though, the pakistani finance minister said he wasn't worried by the level of chinese debt. less than 1096 of pakistani's foreign debt is owned by the chinese right now. 90% is not chinese. we have been in 12 different imf programmes in the last 30 years. why has it never been asked about which source, which country has lent out to pakistani? why is it suddenly all this interest in how much money has come from china? but the cost of machinery imported for cpec has helped drive pakistan's trade deficit and there are doubts as to how viable the projects will be. the focal point of chinese attention is this port, which lies in the lodge is done, home to an ongoing if low—level separatist insurgency. —— blotch is done. meanwhile businesses have fears about increasing chinese investment. pakistani businesses

have been concerned about the fact that under cpec there could be special economic zones, where the chinese private sector could come in the production of goods, which pakistan is already producing, so the chinese may sort of pose some competition. the new government in pakistan wants to include a greater role for companies and exporters, but there are calls for increase transparency over the terms of previous deals. as many of our celebrated christmas and new year at clubs, bars and restau ra nts, and new year at clubs, bars and restaurants, there are not often places considered bastions of sustainability, but that's not the case with one of the best—known beach clubs in bali which goes by the unusual name of potato head. its founder is determined to make a

business carbon neutral, the first carbon neutral company in indonesia. sharanjit leyl asked carbon neutral company in indonesia. shara njit leyl asked why safeguarding the environment was so important to his business. it was never intended to be a business, like, otherwise we wouldn't call it potato head. so when we started we we re very potato head. so when we started we were very fortunate to be successful in ourfirst yearand were very fortunate to be successful in our first year and we've decided we could actually turn this into an actual business, so we started growing the business. you have pledged to become the first carbon neutral hospitality firm in indonesia, why? we realise we can connect and curator solutions in ways that are more inspiring to our guests, that are more relevant to our guests, from sustainability, food and drinks, look, we are doing all this, it makes us feel better, we are protecting the environment, we are protecting the environment, we are protecting all of our stakeholders, but the business continued to improve that is so this is our90. continued to improve that is so this is our 90. when we started shifting

in this direction we see tremendous results from the financial when viewed at its best —— our ninth year. we continue to gain and maintain market share. we really wa nt to maintain market share. we really want to show to a mac peers that if you do this we believe the next generation will buy more into your brand by being more conscious —— who really wa nt brand by being more conscious —— who really want to show to our peers.. so, is it more expensive to become sustainable? surprisingly, it is not that much more expensive, itjust requires much more effort. for example, like, where we want to run the zero or philosophy, like, we have to create our own compost centre, but we used our own creativity in trying to recycle everything from organic to inorganic waste. there are costs in using organic products, but most of our

customers are willing to pay higher for that premium. some people might say going sustainable is a bit of a publicity ploy. is it? it is genuine, itjust so happens that now we realise the generations we are serving believe in this, they believe in the higher purpose mission brand, a brand that provides them with much more deeper connection, with much more responsibility rather than just another transaction. let's quickly look at the asia—pacific markets open for trade currently — very weak, the nikkei is down 62. thank you so much for investing your time with us. i'm rico hizon. goodbye for now. this is bbc news. the top stories this hour: brazil's new populist president promises to rule with an iron fist, as he's sworn in for a four—year term in the topjob. a space probe sends the first image of an icy world

from the very edge of our solar system. nasa calls it a moment in history. the archbishop of canterbury, justin welby, has called for an end to what he called the "divisions of recent yea rs." in his new year sermon, he says the uk is "wonderfully more diverse" than it used to be, and yet he says people are disagreeing on many things and are struggling to disagree well. 0ur religion editor martin bashir reports. may i make you a cup of coffee? for his new year's message, the archbishop of canterbury, justin welby, didn't venture far. this is the kitchen at his london residence in lambeth palace. a home that he shares each year with around 20 young people who commit themselves to ten months of prayer, study and community service. they have an extraordinary range of backgrounds, cultures and opinions. they live together, cook together, volunteer with charities together, and because they are human, they clash together. named after a benedictine monk

who became archbishop of canterbury at the end of the 11th century, the community of st anselm is an attempt to challenge whatjustin welby says is increasing division and rancour in british society. we disagree on many things, and we are struggling with how to disagree well. turn on the television, read the news and you see a lot that could tempt you to despair. quoting the gospel ofjohn, the archbishop said thatjesus chose community over conflict, hope over despair, and he says we should do the same in 2019. hope lies in our capacity to approach this new year in a spirit of openness towards each other. that will involve choosing to see ourselves as neighbours, as fellow citizens, as communities, each with something to contribute. and he acknowledged how challenging this will be

in the current political climate. with the struggles and divisions of recent years, that will not be easy. but that difficult work is part of the joy and blessing of being a community. whether it's the 20 people here or millions of us, i wish all of us a happy, and more importantly, hope—filled new year. martin bashir, bbc news, at lambeth palace. you are watching bbc news. stay with us. remember, you can get into with me on twitter. now on bbc news, sport today. who hello, i am chetan pathak and this is sport today, live from the bbc sport centre.

coming up on the programme... keeping their title hopes alive — tottenham hotspur move up to second in the english premier league with victory at cardiff. when roger met serena. two of tennis' all time greats face each other on court for the first time. and, not defending his crown. chris froome says he'll skip this year's giro d'italia to focus on the tour de france. welcome to the programme. thank you forjoining us. tottenham have made a winning start to 2019 and are back up to second in the english premier league after a comfortable win at cardiff city. four days after that shock 3—1 defeat at home to wolves, mauricio pochettino's side won 3—0 in south wales, where harry kane and christian eriksen both scored in the opening 12 minutes.