our top story: organisers of sunday's mass protest in hong kong against a controversial extradition bill say nearly two million people took part. this would make it the biggest demonstration in the territory's history. but police say turnout was around 3a0,000. the demonstration went ahead despite the government's decision to suspend the bill. millions of people in argentina, uruguay and paraguay are still without power after a massive electrical failure in the region. argentina's president says electricity has now been restored to half of the country. and india's cricket win is really popular on our website. indian cricket fans celebrate after their team defeated pakistan in a world cup match watched by an estimated television audience of one billion. that's all. stay with bbc news.

now on bbc news, live to singapore for asia business report. people power — but how much did economic concerns convince hong kong's government to suspend the controversial bill. and, the former ambassador‘s wife says why she is calling for help. good morning and welcome to this monday edition of asia business report, live from seeing —— singapore. as you heard, the hong

kong government suspended its controversial extradition bill. that didn't stop hundreds of thousands of protesters taking to the street yesterday. they are demanding the com plete yesterday. they are demanding the complete withdrawal of the legislation, and they could be another demonstration later today. so, how much did concerns that the bill could damage hong kong's economy play a part in the decision to suspend the bill? earlier, i asked an economist if she has seen any economic impact. there is a dampening of investors confidence and business sentiment, and you see the stock market suffering from falls. it has been measured so far. the interest rate shot up, because allegedly some very wealthy businessman from hong kong had shifted their quite large sum of money to singapore to reduce the

risk, because they consider that if this bill was passed, they are politically exposed, and they are very concerned, because if the bill was passed and they were exposed politically, the mainland court can actually order the freezing of assets, so they were worried. and, some private bankers were also spotting this trend among clients. some mayjust be concerned about political uncertainty, unsure how long it would take. so this... but it is still not a complete withdrawal that the protesters are demanding. in your view, withdrawal that the protesters are demanding. in yourview, does withdrawal that the protesters are demanding. in your view, does that make a difference to investors? clearly, the longer the uncertainty lasts, and as long as there is a

possibility that it may still come back and be revived, it will always haunt investors‘ confidence, and to reduce the risk. let's turn our attention to india, because the country has announced retaliatory ta riffs country has announced retaliatory tariffs on 28 goods from the us. it comes tariffs on 28 goods from the us. it co m es after tariffs on 28 goods from the us. it comes after washington removed india‘s preferential trade status, which allowed india to avoid duties on some products sold to the us. india is the second—largest importer of american apples in the world. $156 billion worth last year. but now, there is said to be a steep price increase as new taxes on us imports take place here in india. oranges, lentils, steel and iron product are some of those that will face up to a 70% tariff increase.

this is not a surprise. us president donald trump said that he would be removing india from a list of countries that received preferential treatment. the generalised system of preferences gave a number of countries access to markets duty—free. president trump said that india wasn‘t giving the us equitable or reasonable access to its markets, and indian officials call this decision unfortunate, but now they are taking action. all of this comes ahead of a visit by the us secretary of state, mike pompeo. this tension could put pressure on the relationship between the two countries. for now it willjust be putting pressure on the consumers in both countries. let‘s talk about carlos ghosn‘s legal battle, because

his wife has said it was a conspiracy. the japanese carmaker said that there was substantial evidence about him. he is also the chief executive of the nissan alliance, but has denied any wrongdoing. his wife is appealing to president trump to apply pressure when he goes to japan for the upcoming g20 summit. world leaders will be appearing at the g20 summit, andi will be appearing at the g20 summit, and i would like president trump to speak to prime minister abe about fair conditions, allowing me to speak to my husband and two respect the presumption of innocence until proven guilty. when was the last time you saw your husband?” proven guilty. when was the last time you saw your husband? i saw him when he got arrested on april four, when he got arrested on april four, when the prosecutor stormed into the apartment at 515 in the morning.

they took us by surprise and they told carlos he is under arrest, and he got dressed and they took him away. during that period did you have any contact with your husband? i haven‘t spoken to him since then. he got out on bail, however they told him one of the bail conditions is that he is not allowed to speak to me or talk to me, which i find inhumane. what do you think of the criminal charges against your husband? i think all of this should have been dealt with internally, within the company. even if there is alleged wrongdoing? all of this could have been dealt with internally, it didn‘t need to go this far. on top of it, my husband is innocent, and time will prove the truth. nissan takes a different view and says that your husband, carlos ghosn, brought this on himself. but

he didn‘t. if they had a problem with him why didn‘t they come up and questioned him. from the outside though, you can see why to some observers this might look like a case of corporate abuse by a powerful titan of business? or it could have been a conspiracy also to get rid of him because they didn‘t wa nt get rid of him because they didn‘t want the merger, and obviously every day now we are seeing a little clearer about this merger how nissan and renault are not getting along, how they tried to merge with fiat chrysler and it didn‘t work out, and now that carlos is gone we are going to see what will happen. but it doesn‘t look like they are holding this alliance together. what does the future hold for you? what does it look like for you? it is very ha rd to it look like for you? it is very hard to know what is going to happen. i am very anxious, i‘m worried. this is shocking, it‘s tragic what is happening. i am hoping it will end one day, because it is hard to live this way. let's update you with other business news making headlines this morning.

huawei is reportedly preparing for a 40- 60% huawei is reportedly preparing for a 40— 60% decline in international smartphone sales. the company is caught up in the us, china trade war. the chinese tech giant is exploring options, including pulling the latest model of its marquee overseas smartphone. argentina‘s main power supplier says that most of its grid is back up and running. the president, he has promised a full investigation into the outage. and, the latest trade numbers from the eurozone on tuesday, as the block navigates brexit and stalling trade talks with the us. on wednesday it is japan‘s turn, as the

us administration pressures tokyo over its trade imbalance with the us. the federal reserve makes its policy announcement, chairman jerome powell has opened the door to rate cuts, but no movement is expected this month. and on thursday, bank indonesia is widely expected to follow other central banks in the region by lowering the cost of borrowing amid a glowing slowdown. i asked one expert what she thinks the central bank will do. we are expecting them to hold the rates for now, given the data is reasonably strong still. we do expect it to be much more cautionary than it was previously. also what will be interesting as we will get a good insight into the us data in terms of the housing style, business confidence, and that will really underpin the outlook of the rate decision. if we were to expect a cut in the future, when would it be?m

it does come through it could be in the next few months. just as the trade negotiation continues to escalate, and it is very difficult to see the end of it, so we expect the fed to take a pre—emptive move if the data continues to weaken. the nikkei has opened slightly lower. of course, we will continue monitoring what is going to happen in hong kong, and how the hang seng is going to open. this is bbc news. the top stories this hour. organisers say nearly two million people have taken part in a mass protest in hong kong against a controversial extradition bill. power is being restored to argentina and uruguay after a massive

electrical failure hit large parts of both countries. the argentine president has promised a full investigation. hundreds of people in a town in lincolnshire who‘ve left their homes because of flooding have been told they won‘t be able to return until wednesday at the earliest. with more heavy rain forecast in the coming days, there are fears the river steeping, in wainfleet will burst its banks again, after overflowing last week. luxmy gopal reports. after four days of flooding, the town of wainfleet is still at the mercy of its river‘s flood defences. hundreds of people have had to leave their homes. both myself and my neighbours both stood here and watched it slowly creep up and as we watched it, the police arrived and said, you need to get things together and consider evacuation. many businesses are at a standstill. i‘ve got a lot of tyres upstairs. most of them are all right,

it‘s all the stuff that‘s downstairs that‘s waterlogged. the hardest bit is because it‘s an online business, people are still buying them but i can‘t get down to get them out. more than 500 workers from in and around lincolnshire are helping with the flood rescue operation. emergency teams will be stationed here all through next week. volunteers have travelled in from miles around to give out sandbags and suppliers. raf chinooks have been dropping bags of sand and gravel to shore up the river‘s flood defences. it‘s done the job and they have held up for now but there‘s a risk of more flooding to come. these houses are among the 600 properties that have been evacuated. with weather warnings being issued and heavy rain forecast over the next few days, residents have been told not to return home until wednesday at the earliest. this pumping station, vital to channel away floodwaters was itself flooded.

sandbags were rushed here by martin and his friends. they‘ve distributed 13,000 of them over the last few days. we‘re just doing the we can as a community to help people and save people‘s lives and homes, and that‘s all we can do, really. high volume pumps have been brought in by the environment agency, who are continuing to monitor the river levels overnight. all that the people of wainfleet can do is watch and wait and hope the defences hold out. luxmy gopal bbc news, wainfleet. now on bbc news, sport today. hello, i‘m gavin ramjaun and this is sport today live from the bbc sport centre. coming up on this programme: india get the better of pakistan at the cricket world cup as rohit sharma slams another century.

sweden seal their place in the last 16 of the women‘s world cup as their opponents thailand reach a milestone of their own. and fernando alonso has claimed back—to—back wins at the le mans 24—hour race. welcome to the programme. thanks forjoining us. it‘s the biggest rivalry in sport — india against pakistan in the cricket. over a billion people are thought to have been watching on sunday at old trafford in manchester. india continued their world cup dominance over their rivals, with a rain—affected 89—run victory as a highly anticipated match came to a strange end. pakistan, chasing 337, collapsed to 166—6 before a rain delay saw their target revised to another 136 runs required from 30 balls — a task near enough impossible. india, who have never lost a world cup match to pakistan, earlier posted an impressive 336 for 5, led by rohit sharma‘s 140 and 77 from virat kohli.