deets. every branch running like headquarters. that's how you outmaneuver. ♪ mark: live from london, i am mark martin. -- mark barton. up tension in asia by announcing it launched its first intercontinental ballistic missile. russia and china what both sides to dial it back. they propose that kim jong un's to scale back on tests. thatturn, they propose south korea and the u.s. should pull back on joint defensive drills. -- says that qatar has funded terrorism and is too close to iran. in the u.k., the chancellor of exchequer says the government must hold its nerve and hold public spending under control. but one minister of his party told parliament that there is active discussion. alliance willthe hold an unofficial vote. antigovernment protests have been going on for months, and they have now spread into the poorer neighborhoods of caracas. isnwhile, president maduro preparing for a constitutional convention that critics they will give him more power. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. mark: thanks. china's