of the most powerful politicians in the us. she's just been re—elected as speaker of the house of representatives, a role which will put her into direct confrontation with president trump. there's no sign so far of any compromise over the us government shutdown. china has made history by successfully landing a robotic spacecraft on the far side of the moon. the chinese space agency says it has opened a new chapter in space exploration. and this video is trending on bbc.com: a big clean—up operation is underway in the netherlands, after nearly 300 shipping containers fell off a cargo ship in a storm. beaches have been littered with shoes, tvs and toys. coastguards have warned people to stay away from the area that's all. stay with bbc world news. and the top story in the uk: the son of the banned radical cleric abu hamza, imran mostafa kamel, who has been arrested as part of the investigation into the murder of a security guard in central london, has been charged

with firearms offences unrelated to the murder. now let's turn to asia business report. one bad apple mac — the tech giant warning triggers a global stock sell—off —— one bad apple. the enthiran 2.0 effect, how the most expensive film made in india is seen asa expensive film made in india is seen as a turning point for the country's movie industry. good morning, asia. hello, world. it is a friday, almost the weekend. i am glad you could join us foran the weekend. i am glad you could join us for an exciting edition of asia business report. i'm rico hizon. we start with asian stock markets, following us stocks lower

after shares in apple lose almost 10% of their value on the warning over wea kness 10% of their value on the warning over weakness in china. currently the nikkei 225 continues to go lower, down by 3.7%, 733 points, while the all ordinaries index is losing i%, after wall street slumped overnight with the tech laced nasdaq index falling 3% and the dow 660 points in the red. one analyst told me what he sees as apple's problem in asia. just the fact that especially out from asia is the demand for chinese phones are growing faster. yes, there are obviously a large number of diehard apple fans out there, my wife is one of them, but many have been

switching towards the fancier, but cheaper chinese phone. and more powerful. and of course, sometimes they are 50%, even 80% cheaper than apple phones. indeed. we are seeing chinese manufacturers, the shipments, the likes of huawei are now larger. so why is apple putting the blame on the chinese economy and the blame on the chinese economy and the trade dispute? is mr cook trying to put pressure now on donald trump to put pressure now on donald trump to cut a deal? i suppose it's part of the reason — it is far easier to just blame demand in general, a specially out from your largest market, china, to say it is a softer market, china, to say it is a softer market fundamental, we have seen that in terms of car sales, chinese are buying less cars as well. the economic data has been coming out over the last few months, ism, emi, gdp. it is not out of the blue, a

sudden flash in the pan, that number has been consistently slowing. i think for apple, the company, in terms of the number of shipments in china, as consumers... crosstalk so does it put pressure on donald trump and xijinping to cut a deal before it's too late and it impacts the global economy?” before it's too late and it impacts the global economy? i am not sure what president trump will do with his policy makers in the us. for the chinese, they have been doing so for the last year, fiscal policy, monetary policy, tweaking them, this will come. if the trade fight continues until the end of the year, could this cut into asia's economic growth, and the asian economies falling into recession? yes, we are already seeing different kinds of numbers showing up in asia already, wea ker numbers showing up in asia already, weaker in singapore, not as bad as first feared, on the other hand, vietnam, record growth still as the

shipping supply chain et cetera, so we see the different performers and different performance, it will show up different performance, it will show up even different performance, it will show up even more different performance, it will show up even more clearly throughout the month. 2018 was dominated by the us china trade war and rising interest rates. now what's in store for 2019? three market watchers from three asian cities give us their predictions. we need to make sure that we don't make that mistake again. certainly it is going to be a difficult year. we do see that us growth has peaked. we'd see a recession on the horizon until at least 2020. the global economy will

slow down in 2019 and 20. a global recession is now very likely. the chinese government will focus again on the leveraging reform, which will also put the growth at a slower pace. so we think 2019 is going to bea pace. so we think 2019 is going to be a difficult year for markets and that volatility is here to stay. emerging markets could really be the surprise outperform in 2019. brexit is also going to have a major impact on particularly europe. so we are constructive on china being able to engineera turnaround in constructive on china being able to engineer a turnaround in their economies. i'm looking for if the trade war will escalate. it is very uncertain. for me, what is really on the negotiating table between china and the us. the asian region is very dependent on trade, on exports to both china and to the us, so any tensions over trade and the economy

between those two giants have of course crucial implications for asia asa course crucial implications for asia as a region. in other business news making headlines, california democrat nancy pelosi has been elected as speaker, third most powerful role in washington, in the us house of representatives, she reclaimed the gavel after the most diverse class a lawmakers were sworn in, and as democrats took control of the house after mid—term election gains, which comes after mid—term election gains, which co m es after after mid—term election gains, which comes after the us government is still partly shut down in a row over funds for the president's border wall. and congressional leaders are expected to return to the white house later to resume talks after failing to end the partial government shutdown. in talks with president trump on wednesday, he has made it clear that he will veto any budget deal which does not include $5 billion for his planned wall on the mexican border. democrats have refused to agree to that level of funding. well, three former credit suisse bankers have been arrested in

london. us prosecutors have accused them of taking part in a fraud scheme involving $2 billion in loans to state—owned companies in mozambique. the arrest comes five days after former mozambique finance minister manuel chung was arrested in south africa as part of the same criminal case, and credit swiss says it will co—operate with the relevant authorities following these indictments. well, it is india's most expensive movie ever, it is called ethiran 2.0, and it boasts a spectacular range of special effects created by 3000 animators. in one month the film has earned $100 million and is seen as a turning point for the blowing special effects industry in the country. our correspondent went to the southern state of tamil nadu. a city under attack by a giant bird

made of cellphones and a robot that saves the day. this futuristic plot is drawing the audience to ethiran 2.0, currently the most expensive movie ever produced in india. $75 million, that is the total budget, and nearly half of it went into creating these video effects and digital characters — and that the first for india ‘s cinematic history. translation: 2.0 is the biggest movie shot in asia in 3d. we spent close to $36 million in graphics and effects for the film. india has been a traditional outsourcing hub four hollywood studios who tap into cheap labour here for small animation jobs, but 110w here for small animation jobs, but now indian filmmakers are also spending more money in making fancy 3d and ad movies to attract the audience to the theatre. 3d and ad movies to attract the

audience to the theatrelj 3d and ad movies to attract the audience to the theatre. i saw the movie. it was very excellent. up to the standard of hollywood. they are getting somewhere closer and that should help the indian film industry if they want these audiences, like us, who are on online platforms, to go and watch in the theatre. these artists are paid up to $a000 a month to create these effects. but this is still below the global pay scale. and they cope with enthiran 2.0's box office success, this trend will change. but video effects supervisor of this move shinivas feels it is not an easy road ahead. the biggest challenge is the budget. —— srinivas. we have limited artist. but, as the indian audience consumes more experiential entertainment, the experts are predicting a double—digit growth in this industry thatis double—digit growth in this industry that is head of state. —— that is here to stay.

enthiran 2.0 doing well at the box office in india. let's have a quick look now at the markets, and the hang seng index of hong kong has opened for trading and it is down 0.5% and the nikkei 225 is down 3.6%, the first opening trade day of 2019, the catalyst the week reading of us factory activity in two years. those are the asian markets. thank you so much for investing your time with us. i'm rico hizon. sport today is coming up next. democrat nancy pelosi has become the new speaker of the us house of representatives, a role which pits her directly against the authority of president trump. north korea's ambassador to italy has disappeared, amid reports that he's seeking asylum in the west. a man arrested as part of the investigation into the murder

of a security guard outside a new year's eve party in central london is the son of the banned radical cleric abu hamza. his son, imran mostafa kamel, who's 26, has appeared in court charged with firearms offences unrelated to the murder. jeremy cooke reports. police were called to a violent incident at a party in london's park lane early on new year's day. one man had been killed, three other people — two men and a woman — had also suffered stab wounds, although their injuries were not life—threatening. the dead victim has been named as 33—year—old tudor simionov, who was working at the venue as a security guard after arriving from romania a few weeks ago. on her facebook page, his girlfriend says her loss is "impossible to understand". it's being reported that mr simionov had not been scheduled on shift that night but had been covering for a colleague. as part of the police operation, 26—year—old imran mostafa kamel

was arrested for questioning. he has now appeared in court, charged with possession of a firearm with intent to cause fear or danger, and possession of a firearm while banned for life. it's now emerged that imran mostafa kamel is the son of the banned radical preacher abu hamza, seen here in 200a. tonight the police are saying that the firearms charges are not directly linked to the killing that happened here, and they say that no shots were fired during the incident on new year's day. jeremy cooke, bbc news, central london. questions are being asked about a firm that was controversially awarded a £13 million government contract to provide extra ferry services in the event of a no—deal brexit. seaborne freight, which has never operated a channel ferry service

before, is facing claims that the terms and conditions on its website were copied from a takeaway restaurant. it's now removed a section which mentioned delivery drivers and ordering meals. the government said the terms and conditions were posted in error. now, the british army has unveiled its latest recruitment campaign, your army needs you, targeting young people, based on the historic "your country needs you", the first world war poster featuring lord country needs you", the first world war posterfeaturing lord kitchener, it hopes to sell the potential beyond the stereotype of millennial is as gamers. 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 the programme: the stuff of champions — manchester city beat leaders liverpool to close the gap at the top of the premier league

to four points. india's rock — cheteshwar pujara passes 180 to leave australia with it all to do in the fourth and final test in sydney. and in—form federer takes switzerland into their fifth hopman cup final. welcome to the programme, thanks forjoining us. things have just got a lot closer in the english premier league title race. after manchester city beat leaders liverpool to close the gap to just four points at the top of the table. they won 2—1 at the etihad stadium — watched by the bbc‘s football correspondent, john murray. but the champions to end the leaders