some rain at times in the north. higher this is the business briefing. i'm sally bundock. former nissan boss carlos ghosn says he's been wrongly accused at his first court appearance since his shock arrest on charges of financial misconduct. it's the tech extravaganza of the year: the consumer electronics show in las vegas. we'll be crossing live to our reporter there dave lee. and on the markets it's a mixed picture emerging in asia today following strongs gains on monday. investors are in wait and see mode as they keep a close eye on the trade talks between china and the us. carlos ghosn says he's been wrongly accused and unfairly detained. the former nissan boss was appearing in court in tokyo — in handcuffs — his first appearance since his arrest in november rocked the business world.

he told the judge he'd always acted with integrity and had never been accused of any wrongdoing in his career spanning several decades. the ousted nissan boss has been held since 19 november after being arrested as he landed at japan's haneda airport in his private jet. he was later charged with financial misconduct. he's accused of underreporting his income by 44 million dollars between 2010 and 2015. but he was later rearrested for aggravated breach of trust — that's more serious — because he's accused of shifting his personal investment losses to nissan. the investigation has strained the world's largest auto alliance, of which he's head — a global carmaking group which includes renault, nissan and mitsubishi. mariko oi is following the story from singapore: the investigation has strained the world's largest auto alliance, of which he's head — a global carmaking group which includes renault, nissan and mitsubishi.

mariko oi is following the story from singapore. everybody was desperate to see, get a glimpse of carlos ghosn. we've not seen him, have we, since he was arrested in november? that's right, no camera was allowed inside the courtroom but we got the drawing of carlos ghosn from sketch artists inside according to reporters who we re inside according to reporters who were there. he was looking thinner, he had a rope around his waist and was wearing plastic slippers, his prison are tired that he defended himself vigorously as we were expecting. he denied all the charges. i was particularly interested about those serious allegations. he said he always

wa nted allegations. he said he always wanted to be paid in us dollars but he couldn't. he was only allowed to be paid in japanese he couldn't. he was only allowed to be paid injapanese yen but when he started working for nissan, he said he had to foreign—exchange contracts throughout his tenure on to contracts were at issue. one signed in 2006 and another in 2007. according to him, the financial crisis caused shares to collapse. we all know how the yen is seen as a safe haven. he said it was a perfect storm that no—one could predict. in the bank asked for an immediate increase. that's why he asked nissan to ta ke increase. that's why he asked nissan to take on the collateral temporarily but he emphasised that they were transferred back to him without nissan incurring any losses. a very serious allegation. of course we are all fascinated by this case

as it unfolds. there was at fault, at cetera. in the meantime, this car giant, it's not been in turmoil since but this man who's been iconic, its scrip to one side. that's right, nissan immediately removed him from his post. so did mitsubishi motors, as the investigation continues. as he said, fall from grace really. he was a legendary businessman. remember, japan has very few non—japanese chief executive officers, especially someone chief executive officers, especially someone who is managed to turn it around, when nissan was on the verge of bankruptcy. people queued up to attend this hearing, lawyers will start holding a press conference in half—an—hour. now let's brief you on some

other business stories: samsung electronics says it expects a near 30% plunge in operating profit, its first quarterly profit drop in two years. the south korean tech giant is blaming mounting competition from chinese smartphone makers and declining chip prices. it comes days after apple's shock sales warning, citing poor iphone sales in china. us commerce secretary wilbur ross says there's a very good chance that washington and beijing will reach a trade deal that both countries can live with. his comments — in a tv interview — follow the first day of trade talks — at vice—ministerial level — in beijing. pictures have emerged online of china's vice—premier liu he being applauded by us officials as he made a surprise appearance at the talks. president trump is likely to have decisive influence over the next president of the world bank, following the abrupt resignation ofjim yong kim.

he's stepping down three years before the end of his term, to join the private sector. the world bank's president has traditionally been chosen by the us, though mr kim faced challenges from a colombian and a nigerian when he was first appointed in 2012. america's leading stock exchanges could face new competition. a group of nine financial companies — including morgan stanley and bank of america merrill lynch — has announced plans to launch now to las vegas, where our technology team have been getting an early glimpse of some of the gadgets on display at the world's biggest tech show. we can cross live to las vegas and our north america technology reporter dave lee. good to see you, david. tell us more about what's been catching your eye today. he would never guess where we were, would you 7 today. he would never guess where we were, would you? isn't it wonderful? we are in las vegas for the consumer electronics show. around 150,000 delegates come here. one of the big

talking point is the faster mobile collectivity that we should be enjoying. one of the big talking point is quite literally that, talking, talking to our devices, talking, talking to our devices, talking to google and amazon, and there are a range of products that have that built—in. all sorts of stuff. people wanting us to talk to our devices rather than tap on them or something similar. we were saying last year, it would be a big trend. maybe it would be a big deal in 2019. when can we get our hands on some of these things? you are saying smart toilets, smart lawnmowers, everything has to be smart these days. i'm not sure i trust a smart

lawnmower at an enormous to sell me one. one thing about these shows is that many of our ideas are just experimental, trying out some fanciful ideas that may never see the light of day. one of the things i wish would become real was something i saw earlier which was a laundry folding robot, you put in your clothes that will run folded, they go into a machine, it goes around a little bit sooner or later the shirt would come out and it would be lovely and pristine, ready to go. the only problem with that machine was that it cost $1000 but probably not $1000 lazy enough to splash out on that machine. interesting to see some of the inventiveness. and what about apple, it's tried to steal the show. it's the side of the building with its probe about privacy, at cetera. to what extent are people talking about apple? apple has this incredible

ability. despite not coming to ces ever, it manages to steal the show. 11 years ago, the iphone was launched during ces but not at ces in this year they are trying to make a point, this big advertisement on the side of the building with the message that reads, what happens on the iphone stays on the iphone. tried to make a bit of a dig at companies like google. what time is it there? it's an incredible show behind you. the time is 9:39 p.m. it is teeming with people. we take back on common. gopher and dip, we see

soon. on common. gopher and dip, we see soon. they are all posting fascinating articles about smart to i lets, fascinating articles about smart toilets, smart lawnmowers and such things. hong kong is higher, south korea struggling. of course that story about samsung impacting sentiment. it is heavily weighted on the cost. that is your business briefing. 3 million new homes will have to be built in england

over twenty years to solve a crisis in social housing. a report commissioned by the charity shelter suggests it would cost up to 11—billion pounds a year but would save the government billions in housing benefit payments because rents would be cheaper. it is tea—time the single mom lola and her young family in bristol. put onion in it. they were living in private rental accommodation but we re private rental accommodation but were evicted and had been housed by the local council as an emergency case. lola is thank you for a dash thankfulfor a case. lola is thank you for a dash thankful for a roof over their heads but says the uncertainty is stressful. people like us who just wa nt stressful. people like us who just want a home, stressful. people like us who just wanta home, we stressful. people like us who just want a home, we don't want a six—month left, we don't would be turfed out after a year, we need somewhere that is going to be a permanent home and let's just not something that is possible nowadays with the constant kind of worry. i'm

in limbo basically. following the g re nfell tower in limbo basically. following the grenfell tower fire, the in limbo basically. following the grenfell towerfire, the housing charity shelter brought together a panel of 16 independent commissioners to consider the crisis in homelessness. they admit their call to build 3.1 million social houses in england over 20 years is ambitious but insist action is essential now. the commission claims that savings in housing benefit and increased tax revenue would help the scheme to paper itself inside a0 yea rs. scheme to paper itself inside a0 years. ina scheme to paper itself inside a0 years. in a statement, the communities secretary james brokenshire i said: the prime minister has previously pledged to get a grip on the housing crisis. this report by shelter offers one solution to a problem that remains complex but urgent. john mcguire, bbc news, bristol.

this is the briefing from bbc news. the latest headlines: the north korean leader, kimjong—un, is making his fourth trip to china where he's expected to meet president xijinping. there's speculatio that the visit is part of the preparations for a second summit with president trump. a group of more than fifty british mps is calling for police to take action about what it calls the "deteriorating public order situation" outside parliament. an investigation is underway following incidents of threatening behaviour by pro—brexit protestors. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the telegraph who report british and european officials are discussing the possibility of extending article 50 amid fears a brexit deal will not be approved by march 29, the paper cites unidentified sources. ‘s

the times leads with the uk's national health service and how —— the times leads with the uk's national health service and how millions of patients will be able to use skype for hospital appointments in a "wholesale transformation of the nhs" intended to reduce face—to—face consultations by a third and save billions of pounds. the buisness insider says amazon has stolen microsoft's crown as the world's most valuable company. the online retail giant capped a strong holiday sales period with a 3% rise in its stock price, bringing its market capitalization to $793 billion and edging past microsoft's roughly $788 billion valuation. on the guardian website, more than 5,000 people were stung by bluebottles on queensland's gold and sunshine coasts over the weekend as weather drove a wall ofjellyfish onto the shore. vast numbers of the sea creatures forced the closure of swimming spots with many people treated for painful stings but are typically not life—threatening. and final also in the times,

the power of positive thinking has apparently been backed up by science. the more meaningful you believe your life to be, the faster you will walk, the stronger your grip will be and the less chronic pain you will suffer, a study says. that's according to researchers from university college london with me is priya lakhani who's founder and ceo of century tech — a uk based education technology platform. la bs labs get stuck in. beginning with brexit. is that we are not talking