with me is oliver cornock who's editor—in—chief, at the oxford business group. good morning. start with north korea because it has been dominating the headlines. the international community is obsessed with this story. how do you think it will pan out because we have been here before? it is a background of belligerence. a number of tests at very evocative times and we recognise we have seen sanctions put in place before. china could have vetoed them about did not and that is an interesting angle. if we look back to iraq, sanctions did not make much difference. you have to question what the outcome will be. it is good they are talking and the language from rex tillerson has been very moderate, comparison especially with the president of the united states. in asia, presumably the feeling is much stronger, it is much nearer to this raising tension. who knows if this is the answer but something needs to be done. the issue in the past is that china and russia have not been on board. what can we take from china's involvement? they are their biggest trading partner so it would affec