i am rico hizon. packed edition of asia business report. iam rico hizon.st packed edition of asia business report. i am rico hizon. first up on the programme, the largest bidding war in media history. disney has increased its bid for the assets of zist increased its bid for the assets of 21st century fox to more than $71 billion. the company is locked in a battle with comcast, which offered $65 million us last week. our business report explained what exactly is going on as the battle in the media and entertainment industry heats up. this is one of the longest—running corporate love triangles in some time and the nt is getting quite big right now. ——

i am rico hizon. packed edition of asia business report. iam rico hizon.acked edition of asia business report. i am rico hizon. first up on the programme, the largest bidding war in media history. disney has increased its bid for the assets of zist increased its bid for the assets of 21st century fox to more than $71 billion. the company is locked in a battle with comcast, which offered $65 million us last week. our business report explained what exactly is going on as the battle in the media and entertainment industry heats up. this is one of the longest—running corporate love triangles in some time and the nt is getting quite big right now. —— ante. we saw disney come to with an offer to buy it 21st century fox for something like $71 million, of course disney was forced to do this because its rival comcast had bid $65 million. what you get money? get most of 21st century fox's assets, crucially you do not get fox news and some of this box sports channels, but you do get shows like the simpsons, at the movie studios that produced films like x—men, you get

i am a rico hizon. two days on from the singapore summit and the us secretary of state is any region at making some big claims. mike pompeo says the us hopes to see major north korean disarmament by the end of 2020. he is in south korea discussing the outcome of the summit and travels to beijing later. he admits there is still a great deal of work to do with north korea. saudi backed forces in yemen attack the main port. aid agencies are warning of a humanitarian disaster, because crucial supplies won't get through. a new study says antarctica lost 3 trillion tons of light because of global warming in the past quarter century. —— ice. we meet the youngest man to visit every country on earth. this is bbc world news. it's newsday. thanks forjoining us. it is 7am in singapore and 7pm in washington, where president trump has declared there is no longer a threat from north korea. he has a right back in the united states from a summit in singapore and says his meeting with kim jong—un was a truly historic eve

i am rico hizon. —— thank you. sport todayis am rico hizon. —— thank you.e top stories this hour: president erdogan has claimed victory in turkey's elections and his vioew has been backed by the chief of the electoral board. but the opposition hasn't accepted defeat. president macron insists eu leaders have all ruled out forcing refugees back to where they may face persecution. new measures to tackle childhood obesity in england have been announced by the government, including plans to ban shops displaying unhealthy snacks at the checkout. here's the bbc‘s health editor, hugh pym. looking after the health of future generations. that is the aim of the government's plan. this class is run by us mums, a healthy lifestyle initiative developed by hull city council. the view here is any help in choosing the right food for the family is welcomed. i think unhealthy food is just way too cheap and it is just easier for everybody to, you know, just get unhealthy food when you are out. just go in somewhere and pick up something, like chocolate, or a packet of crisps, o

rico hizon in singapore. coming up, a bidding warfor 21st rico hizon in singapore. with a $71 billion offer. com cast offered $65 billion last week for the assets of 21st century fox. let's see who wins. we will indeed. we will see you ina wins. we will indeed. we will see you in a moment. you thought we finish with weddings, of course we had that royal wedding hear me uk. here's a selection of exquisite gowns chosen for their workmanship, originality and beauty mightjust have a closer look, they made with blue, tape, thread and toilet paper. this is the 14th annual toilet paper wedding dress contest, held in new york. the top designs have been competing for the £10,000 prize, which went to this man. good morning. it is the summer solstice today but ijust want good morning. it is the summer solstice today but i just want to cast your mind back to this time last year when we saw a high of 35 degrees. it really was scorcher on the 21st of june, degrees. it really was scorcher on the 21st ofjune, 2017. however, for us, things will turn notably pressure today as we have

i'm rico hizon in singapore. the headlines: a closely fought contest but recep tayyip erdogan appears to have succeeded in his bid for another term as turkey's president. the tore the people who have taken their duty to go to the ballot boxes, i would like to thank each and every one of those citizens who have their duties. victims of rape by the burmese military — the devastating legacy of sexual violence in the rohingya refugee camps of bangladesh. i'm babita sharma in london. also in the programme. president macron insists eu leaders have ruled out forcing refugees back to when they may face persecution. could japan face england in the knockout stages of the world cup? sunday's results mean the possibility remains very much on. it's 7am in singapore, midnight in london and 2am in istanbul, where president recep tayyip erdogan has claimed victory in the country's presidential and parliamentary elections. victory would give him additional powers under a new constitution, but — after a closely fought race — the o

i am rico hizon in singapore. the headlines: at least five people have been killed in an attack on a newspaper office in merrylands neared in us capital. six days and fight nights inside these flooded caves — rising waters hamper efforts to find the missing school football tea m to find the missing school football team with the football now focused on looking for another lien. even if they do manage to find their way in here, there is no way of knowing whether this is where the boys and a coach are trapped. i am kasia madera in london. also in the programme: deep divisions are monks your‘s leaders as they struggle to form a joint statement dominated by the migration crisis. and we will have all the latest on the world cup in russia as competing teams battle to make it into the final 16. glad you could join us. it's 7am in singapore, midnight in london and 7pm in the city of annapolis, where police say say at least five people have been killed in a gun attack at the offices of a daily newspaper — the maryland capit

i'm rico hizon. it's 8am on wednesday the 13th ofjune, as this city state recovers from hosting that extraordinary kim—trump summit. and i'm babita sharma. in the next 26 minutes we'll bring you all the big moments and answer some of the key questions. welcome to our special coverage here on newsday. it finally happened. the first handshake between a sitting us president and a north korean leader. did kim get the better of it all? trump shocks the region with this pledge on military exercises. we will be stopping the wargames, which will save a tremendous amount of money. in the latest development, north korean state media says kim jong—un has accepted an invitation to visit america. and caught on camera. we look at what the leaders' body language revealed about themselves. glad you could bothjoin us, right here in singapore. after after an extraordinary summit, president trump and kim jong—un hailed their meeting here in singapore as a breakthrough in relations. the us president later announced that

i'm rico hizon in singapore. i'm kasia madera in london.ce in maryland, near the us capital. european leaders are struggling to agree a joint statement at a summit dominated by the migration crisis, with reports that italy is refusing to agree a joint statement. let's take a look at some front pages from around the world. we have been looking at the eu summit and the issue of migrants. so too has the international edition of the new york times. "what crisis?" it asks, pointing out that the number of migrants arriving in europe has slowed. it has two images. the top one shows migrants crowding a train station in hungary three years ago. below, the station this week, much less busy. the straits times reports on that search for a football team trapped in a cave complex in thailand. it has a picture of a navy official checking water levels before the search was suspended due to heavy rain. let's turn to the japan times. it reports that three more people are suing the state for damages over sterilisations and an abortion alleged to have been for

i'm rico hizon in singapore. i'm kasia madera in london.ave died and up to 2 million have been affected by the eruption of guatemala's most active volcano. the white house has confirmed that the first meeting between donald trump and kim jong—un will take place at 9:00am in the morning local time in singapore on 12 june. president rodrigo duterte has defended kissing a woman who he invited onto the stage while making a speech in south korea asjusta gimmick. but one women's rights party in the philippines, gabriela, has condemned it as the disgusting theatrics of a misogynist who just wants to demean and humiliate women. and you can read more on that story on bbc.com. let's take a look at some front pages from around the world. here in singapore, the strait times leads with next week's summit between the us and north korea. it carries a picture of the shangri—la hotel which is rumoured to be the venue for president trump and kim jong—un's meeting. the government has declared the surrounding vicinity a special event area. the international ed

i'm rico hizon.t off with oil prices, because theyjumped nearly 4% in us trade and continued to rise in asian trading. now up by another 11 cents to $70.61; per barrel. that is the first time it has breached $70 in two months, that is after washington pushed allies to halt imports of iranian crude by november. four of the six biggest buyers of iranian crude are here in asia. so today's movement aside, this will impact countries such as china, south korea, india and japan. 0ur correspondent explains why the market reacted so much. this represents a significant departure compared with when the sanctions we re compared with when the sanctions were first imposed by the 0bama administration. at that point in the american allies were allowed to reduce their purchases of iranian oil by 20% every 180 days to show they were keeping in line with american sanctions. now the trump administration is saying they want to see all iranian oil purchases concluded by four november. that is why the market reaction was s

good to see the rico hizon. now let's brief you some other business stories.ng over 4000 jobs — mostly in the uk — according to reports. the uk engineering firm is undergoing a major restructuring process aimed at boosting profitability. it's also battling costly technical problems with one of its key engines — the trent 1000 used in the boeing 787 dreamliner. car giant volkswagen has been fined 1 billion euros by german prosecutors over its diesel emissions scandal — one of the highest fines ever imposed on a company by german authorities. vw said it did not plan to appeal — and had admitted "its responsibility for the diesel crisis". it comes after a 11.3 billion dollar settelement with us authorities early last year. france's parliament has backed a bill to overhaul the country's heavily indebted state railway company, sncf. the vote is seen as a victory for president emmanuel macron and a blow to rail unions. they staged three months of rolling strikes over the bill, which scraps employee benefits such as early retirement and job for life guarantees. that'

i'm rico hizon.e start off with trade and america's relationship with trading partners around the world will be put to the test this week. in china, us commerce secretary wilbur ross has been leading negotiations aimed at reducing the trade deficit with the world's second—largest economy. his latest round of talks in beijing over the weekend ended with the mainland warning the us that any agreement is reached on trade and business will be avoided if tariffs are implemented. later in the week president trump comes face—to—face with the leaders of the group of seven industrialised nations in quebec, canada. it is likely to be a tense meeting. many of them, including the host, canada, have criticised the us for imposing ta riffs criticised the us for imposing tariffs on their products. earlier i asked the chief investment officer atan asian asked the chief investment officer at an asian asset management business if her clients were worried about this trade war. our investors are long—term investors so i

and i'm rico hizon. all eyes are on this tiny city—state, where president trump and kim jong—un are finally set to meet face to face. welcome to our special coverage here on newsday. here's the latest from the scene. the north korean leader is about to leave his hotel and head to the tourist island of sentosa to start the talks. president trump says that the world will know soon enough whether a real deal between the us and north korea can happen. an end to conflict. will the talks pave the way for the korean war to be finally consigned to the past? and a sharp focus on singapore, with the media frenzy that's now engulfing singapore's city—state. this is bbc world news. it's newsday. so, here we are, just an hour away from the moment when, on a small island just a few hundred metres from here, the leaders of the united states are north korea will finally meet face—to—face. who could have predicted thatjust months after the two men were exchanging insults on twitter, the pair of them would be sitting down

i'm rico hizon.t off with coffee, and there is a good chance that if you start off with a drink, it will be at one of starbucks' stores. well, the man who built it is stepping down after four decades at the company. this will be a big blow to starbucks. absolutely, and what is next for mr schultz is even more interesting. there is speculation we could see schultz 2020. he is said to have presidential ambitions and he has said ina presidential ambitions and he has said in a statement here is exploring a number of options including running for public office. he wouldn't be the first corporate executive to consider the white house. some other names floating around include bob eiger, from disney, 0prah around include bob eiger, from disney, oprah winfrey, and mark cuban. the thinking being that maybe if they can run a successful company they can streamline government as well. and starbucks has notjust a big financial legacy, expanding from 11 stores to 28,000, but it has built up to be so successful, the

i'm rico hizon. bye for now. i'm duncan golestani.id he hopes there will be major disarmament of north korea within two and a half years. the saudi—led coalition in yemen has launched a major offensive on the rebel—held port of hodeidah, through which almost all aid supplies enter the country, where millions face malnutrition. the retail group, dixons carphone, has apologised for a data breach which analysts say is one of the biggest to affect a british firm. the details of almost six million payment cards were accessed. the company admitted it had fallen short but insisted there was no evidence that any fraud was committed with the details. the information commissioner's office is investigating what happened, as our technology correspondent rory cellan—jones reports. yet another data breach and this time, the hackers got through the defences of dixons carphone got access to the crown jewels, payment card details. worrying news for customers. itjust goes to show how easily people's data can be picked up. you don't really think about i

i'm rico hizon in singapore. the headlines: mrs trump visits migrant children as her husband orders his administration to reunite 2,000 more separated from their parents by his policies. relatives wait for news of their loved ones as the captain of a ferry which sank is detained in indonesia. 200 people are still missing. i'm lebo diseko in london. also in the programme: it's anguish for argentina, as they suffer a 3—0 defeat at the hands of croatia in the world cup. and the first baby. new zealand's prime minister gives birth — and it's a girl. thank you forjoining us. it's 8am in singapore, 1am in london and eight in the evening in washington president trump says he is directing government agencies to begin reuniting more than 2,000 migrant children with their parents. the families were split up by a new zero tolerance policy introduced two months ago by the trump administration. but there's a great deal of confusion over how it will happen, and a vote in congress on new immigration legislation has been postpon

i'm rico hizon in singapore. the headlines. the korea summit fortress — police reveal the scale of the shutdowns for tuesday's big event. the summit has been declared as a high security special event from june 10 untiljune 1a. during this period the public can expect heightened security measures. the view from japan where fear of missile attacks from north korea has led to these air raid drills. i'm babita sharma in london. also in the programme: the death toll from guatemala's volcanic eruption rises to 99 with two hundred missing. and why are japanese tourists flocking to a small hotel in the english county of wiltshire? we find out. live from our studios in singapore and london, you're watching bbc world news. this is newsday. good morning. it's 1am in london, and 8am in singapore — where, with just five days to go before the historic trump—kim summit, the authorities have announced the sheer scale of their security operation. the so—called ‘enhanced security special event‘ will see large areas of singapore sealed off — notj

i'm rico hizon in singapore. the headlines: china joins g7 countries in warning president trump against import tariffs. on allegations of collusion with russia, mr trump's lawyer says the president probably has the power to pardon himself but won't. pardoning himself would just be unthinkable. it would lead to an immediate impeachment. i'm kasia madera in london. also in the programme: "love is stronger than hate". the message from london as it marks one year since the london bridge terror attacks, in which eight people died. and the nesting birds at risk from rats on a group of australian islands. we'll hearfrom a queensland ranger overseeing a three—week baiting programme. live from our studios in singapore and london, this is bbc world news. it's newsday. good morning. it's 7am in singapore and midnight in london. from china to the eu to canada, warnings that the world is on the brink of a trade war with the united states. after a meeting in bejing between vice premier liu he and us commerce secretary wilbur r

i'm rico hizon in singapore. i'm kasia madera in london.ero—tolerance immigration policy, that has seen thousands of children separated from their parents. a bump in the road for carmaker audi, as the company's boss is suspended after being detained over the diesel emissions scandal. let's take a look at some front pages from around the world. the japan times headlines with monday's earthquake in osaka, that killed at least three people. it has a report on warnings of possible aftershocks, with experts saying the quake could be a sign that greater seismic activity is due in the west of the country. dubai's gulf news says the united arab emirates is to offer one—year residency visas to residents of countries affected by wars and natural disasters. it is said the visas will be available to apply for from august to the end of october. and britain's financial times looks at the ongoing tensions between president trump and germany's chancellor merkel. it reports on president trump accusing merkel of allowing immigrants to violently change german

i'm rico hizon. the american secretary of state is in seoul, saying there's a lot of work left to do on the deal with north korea. saudi—led forces attack the main rebel—held port in yemen, threatening vital aid supplies for millions. a new study says antarctica lost three—trillion tons of ice because of global warming in the past quarter—century. and around the world in five years. we meet the youngest man to visit every country on earth. this is bbc world news. it's newsday. thanks forjoining us. it's 8am in singapore and 8pm in washington, where president trump has declared there is no longer a nuclear threat from north korea. he's arrived back in the united states, from the summit in singapore, and said his meeting with kim jong—un was a truly historic event. his secretary of state, mike pompeo, is travelling to south korea to begin talks about the details of the process of denuclearisation, as our correspondent john sudworth reports. there is flash photography in this report. in north korea, mos

i'm rico hizon in singapore. the headlines: deep divisions in the us congress as president trump demands new laws to clamp down on immigration. these are laws that have been brokered for many years, decades... fears grow of a trade war between the world's two biggest economies. china promises to fight back against president trump's tariffs. i'm babita sharma in london. also in the programme: that is the main language here, so we have to respect that. australia's government says too many immigrants aren't making an effort to learn english. we did it! and joy forjapan as they win their first game at the world cup in russia. glad you could join us. it's 8am in singapore, 1am in london, and 8pm in washington, where president donald trump has been holding talks with republican leaders to discuss his administration's policy of separating families at the us border. earlier he was heckled by protestors for the policy and after he said illegal immigrants should not be allowed, in his words, to "infest" the united states.

i'm rico hizon in singapore. the headlines: children are forced to hide from military aircraft in myanmar, as the army is accused of targeting civilians in a fresh offensive. translation: on april 11, translation: on april“, four fighterjets translation: on april“, four fighter jets fired on translation: on april“, four fighterjets fired on the village. we also heard the army rape women and tortured old people nearby so we left. shock in the american fashion world as designer kate spade is found dead in new york. police believe she killed herself. i'm babita sharma in london. also in the programme: a carpet of plastic smothers a beach in mumbai. the un says 11 million plastic bags are used around the world every minute of every day. and the venue is confirmed for next week's summit between donald trump and north korea's kimjong—un: the luxury capella hotel on singapore's sentosa island. live from our studios in singapore and london, this is bbc world news. it's newsday. it's 7am in singapore, midnight in london a

i'm rico hizon in singapore. i'm kasia madera in london.ins g7 countries in warning president trump against import tariffs. donald trump's lawyer has argued that the president probably has the power to pardon himself over allegations of collusion with russia, but he does not intend to do so. and a genetic test could spare thousands of early stage breast cancer patients the agony of chemotherapy. the test determines the probability of the tumour spreading again after surgery. almost 70% of patients could have their cancer treated with surgery and hormone therapy alone. that story is popular on bbc.com. let's ta ke let's take a look at some front pages from around the world. the straits times is one of several papers leading on china's warning to the us over trade. the paper is reporting that an agreement for china to buy more american goods will be void if the us implements sanctions. the south china morning post is running a story on people in hong kong defying beijing authorities. it says organisers of a vigil to mark the 29th anniversary

i'm rico hizon in singapore. headlines: fears grow of a trade war between the world's two biggest economies. china promises to fight back against president trump's tariffs. we have a special report on the thousands of rohingya refugees who now face the risk of landslides and flooding in bangladesh. i'm babita sharma in london. also in the programme: that is the main language you, so we have to respect that. -- here. australia's government says too many immigrants aren't making an effort to learn english. we did it! and joy forjapan as they win their first game at the world cup in russia. glad you could join us. it's 7am in singapore, midnight in london, and 7pm in washington where a trade war between the us and china is gaining traction and shaking the world's financial markets. beijing is promising a strong response after president trump threatened to hit china with additional duties of $200 billion if china, he said, went ahead with reprisals over an earlier set of us tariffs. beijing is calling it blackmail. o

who will —— i'm rico hizon in singapore. headlines: president trump hails a supreme court ruling upholding his travel ban targeting five muslim—majority countries as "a tremendous success". but many migrants remain uncertain what trump's policy is now and how it will affect them. we have a special report from the us—mexico border. i'm babita sharma in london. also in the programme: four days on and the search continues for the missing youth football team trapped in caves in thailand. we do believe the boys are inside there alive, and they are hoping they can climb up to the top of these hills and reached them from channels further out. -- reach. and we'll have all the latest on the world cup, as russia and france finish top of group c and argentina make it to the last 16. live from our studios in singapore and london, this is bbc world news. it's newsday. glad you could join us. it's 7am in singapore, midnight in london and 7pm in washington, where donald trump is celebrating a decision by the us supreme court to uphold his

and i'm rico hizon. all eyes are on this tiny city—state, where president trump and kim jong—un are set to meet face to face an event that could change the world. welcome to our special coverage here on newsday. the key players are now in place. donald trump touched down in singapore on airforce one. kim jong—un arrived before him. north korea says the summit will discuss de—nuclearisation and a permanent and durable peace. with the world's media watching their every move, the question is can the two sides find enough common ground to reach a deal? in other news. from smiles at the g7 summit to a war of words. the us accuses canada of bad faith and back—stabbing. this is bbc world news. it's newsday. welcome to singapore for a special edition of newsday on the eve of the historic summit between us president, donald trump, and the leader of north korea, kimjong—un. both men are already here, preparing for the big day on tuesday. it will be the first time a sitting us president will meet a north korean lea

let‘s go to our asia business hub where rico hizon is following the story. co. tell us more. telstra is a very big employer in australia. that is 25% of the telecommunication‘s giant total work force. management says the layoffs are part of a strategy to simplify the business and to stay competitive. it is part of a major shakeup competitive. it is part of a major sha keup targeting competitive. it is part of a major shakeup targeting an extra $750 million in cost—cutting over the next four years. sally, the position that will be made redundant will be largely drawn from management with one infour largely drawn from management with one in four executives and middle management positions to go. telstra‘s chief executive, andy penn said the firm had to take drastic action to stay on top in an increasingly commit a competitive market. these cuts come less than a month after telstra warned that this year‘s earnings would likely be at the bottom of its guidance range. if you have a look at the stock price, basically it was disappointed. the market. investors remain

let's go to our asia business hub where rico hizon is following the story. nice to see you.opping like a stone? absolutely and that has wiped out about 3 billion us dollars off its market value as it resumed trading on the hong kong stock exchange after it agreed to pay up stock exchange after it agreed to pay up to one point four billion dollars in penalty to the us government. the company was crippled when a seven—year supply ban was imposed on the firm in april for breaking at 2017 agreement after being caught illegally trading with iran and north korea. the van stopped zte from buying key base components. confirming details of the deal saying it will replace the board directors before the orders signed by the us. it has become highly politicised and a key focus of bargaining between washington and beijing as both sides look to avert a major trade wall. —— war. we will have to wait and see how this plays out going forward. thank you and lovely to see you and we will talk to you more about zte. later today, we expect the cost of borrowing in the us to rise for the second t

i'm rico hizon in singapore.a joins g7 countries in warning president trump against import tariffs. on allegations of collusion with russia, mr trump's lawyer says the president probably has the power to pardon himself but won't. pardoning himself would just be unthinkable. it would lead to an immediate impeachment. i'm kasia madera in london. also in the programme: "love is stronger than hate". the message from london as it marks one year since the london bridge terror attacks, in which eight people died. and the nesting birds at risk from rats on a group of australian islands. we'll hearfrom a queensland ranger overseeing a three—week baiting

rico hizon and our asia business team in singapore are following the story. good to see you. real problem and india isjust one of many emerging economies trying to get their heads around it? that's right. we are seeing rising prices in asia and also growth rates between 6% to 7% and this is putting a lot of pressure on asian banks to raise the cost of borrowing. in january, a bank raised its main overnight positive rate by up quarter of a point and that was followed by indonesia. four point 7596 followed by indonesia. four point 75% on the 30th of may. it was the second increase in as many weeks as authorities try to move the support the faltering currency and capital outflows. there are warnings there may be more to cars. the philippines on may the 10th try to contain inflationary pressure due to strong economic growth. the borrowing rate 110w economic growth. the borrowing rate now stands at three point 25%. pakistan was the most aggressive, 6.5% hike in rates amid growing concerns of a growing deficit. we may see more hikes from asian banks for the remainder of the year an

let's go to our asia business hub, where rico hizon is following the story.t are we expecting from today? the hope is that negotiators from both sides will find a middle ground in ongoing trade talks and avoid friction that threatens to disrupt the otherwise warm relationship between donald trump and prime minister narendra modi. but last week, india announced a plan to raise tariffs in retaliation for washington keeping india in the list of countries affected by the steel on and on minium tariffs. —— aluminium. i talked with someone who said this is all the us wants. aluminium. i talked with someone who said this is all the us wantsm aluminium. i talked with someone who said this is all the us wants. it is unlikely. only four countries are the list. for india to get off of the list. for india to get off of the list, they would have to show commitment for what the us wants them to do. and reduce the trade deficit, $30 billion, unlike china, 275 billion dollars. but any deficit for donald trump is bad. anything they can do to show they will reduce they can do

let's go to our asia business hub where rico hizon has been following the story.t is mr schulz going to do next? starbucks is everywhere and is prevalent in asia. howard schultz is a loss for the company. he is exploring a number of options, writing a book, spending some of the family this summer. the most interesting option is running for public office. we could see howard schultz 2020. speculation has been swirling for some time now that he has presidential ambitions, frequently mentioned as a possible candidate for the democratic party. in an interview with the new york times he said he was concerned about the growing division in america and its standing in the world. if he i’u ns its standing in the world. if he runs it is an impressive resume, with 28,000 starbucks, and with the shares going up thousands of%. in asia, chinese demand for coffee is surging. the number of shops has doubled to 600a years, expanding in asia and in the world. absolutely. -- 6000 in asia and in the world. absolutely. —— 6000 in four years. asia and in the world. absolutely. —— 6000

let's go to our asia business hub where rico hizon is following the story.t all to see heavy losses across the board in asia, really. that's right. a sell—off in both the chinese exchanges and the hong kong stock exchange. basically driving asian equities to four—month lows after president trump threatened new ta riffs after president trump threatened new tariffs on chinese goods and beating warning of countermeasures. in an escalating tit—for—tat trade war between the world's two biggest economies. at this point, the trade frictions are unnerving financial markets with investors and businesses increasingly worried that a full—blown trade battle could derail global economic growth in 2018 and 2019. when you talk to market analyst, they say donald trump appears to be employing a similar tactic that he used with north korea. you have tough rhetoric and threats first in order to gain and threats first in order to gain an advantage in negotiations. but also adding to the market pain, shares of a chinese telecommunications giant are plunging at one point more tha

let's go to our asia business hub where rico hizon is following the story. tell us more about this.he wrist in a fairly hefty fine. the bank will be more than half $i hefty fine. the bank will be more than half $1 billion poorer and its profits will surely shrink once this fine is paid. it is almost double the amount of the commonwealth bank had set aside to finalise this issue and the scandal relates to 53,000 suspect transactions which the bank did not report to authorities. last year, australia's financial regulation agency accused them of systemic law breaches and at the court imposes the fine, it will be the largest civil penalty in history. the bank blamed many on a computer error and it triggered a major sell down and a board shakeup. australia's banking and financial services sector has been rocked by a series of scandals over the last decade. in december, malcolm turnbull established a royal commission enquiry to investigate the scale of this wrongdoing and about allegations to hit commonwealth bank, the enquiry heard the lender had collected fees from customers each new ha

let's get more on this from our asia business hub, where rico hizon has been following the story. nice to see you. we were expecting a lot to happen this week. and this is the latest. a move on the part of mexico and in your part of the world, eight, will be reacting to this right now. -- asia. not a whole lot of reaction currently from the asian stock markets, this goes to show that mexico won't be intimidated by the united states. the central american economy has imposed tariffs of around $3 billion us worth of american pork, steel, cheese, and other goods in retaliation to the trump administration's steel and aluminium levies. there is a lot of talk that donald trump wants a different trade format with mexico and canada. economic advisor larry kudlow has revised the possibility that president trump will seek to replace nafta with bilateral deals with canada and mexico. something both countries say they do not want. following this news of tit—for—tat ta riffs following this news of tit—for—tat tariffs between mexico and the us, which takes place immediately, the mexican peso has

glad you could join us for another action packed edition of asia business report, i'm rico hizon. we started the programme with oil and members of the opec are set to meet in vienna to discuss raising production. four months of the major exporters have worked together to boost prices, but could that we about to change? earlier i put that question to peter maguire, chief executive from australia, who spoke to us from vienna. well, they could. that is the great concern, rico, if they increase production, and it could be number as high asi million you combine the quota, and that will have a dramatic effect on the market. if it is less than 500,000 barrels that would be bullish. this is the great concern. it is hard to speculate this many hours out that will either be up or down and we will by probably two o'clock or three o'clock. so when you say i o'clock or three o'clock. so when you sayi million barrels, that is one million barrels a day. so what impact could this have on prices? well, we think this would be dramatically bearish for the market. you would probably see brent and wta

i'm rico hizon in singapore. his bid for another term as turkey's president. the tore the people who have taken their duty to go to the ballot boxes, i would like to thank each and every one of those citizens who have their duties. victims of rape by the burmese military — the devastating legacy of sexual violence in the rohingya refugee camps of bangladesh. i'm babita sharma in london. also in the programme. president macron insists eu leaders have ruled out forcing

i'm rico hizon in singapore.nt children as her husband orders his administration to reunite 2,000 more separated from their parents by his policies. relatives wait for news of their loved ones as the captain of a ferry which sank is detained in indonesia. 200 people are still missing. i'm lebo diseko in london. also in the programme: it's anguish for argentina, as they suffer a 3—0 defeat at the hands of croatia in the world cup. and the first baby. new zealand's prime minister gives birth — and it's a girl.

and i'm rico hizon.ong—un are set to meet face to face an event that could change the world. welcome to our special coverage here on newsday. the key players are now in place. donald trump touched down in singapore on airforce 0ne. kim jong—un arrived before him. north korea says the summit will discuss de—nuclearisation and a permanent and durable peace. with the world's media watching their every move, the question is can the two sides find enough common ground

i'm rico hizon in singapore, the headlines: china joins g7 countries in warning president trump against mr trump's lawyer says the president probably has the power to pardon himself but won't. pardoning himself would just be unthinkable. it would lead to an immediate impeachment. i'm kasia madera in london. also in the programme. "love is stronger than hate". the message from london as it marks one year since the london bridge terror attacks, in which eight people died. and the nesting birds at risk from rats on a group of australian islands. we'll talk to a queensland ranger overseeing a three—week baiting programme.