i'm rico hizon in singapore. the headlines: some respite for asian stock markets, up a little after falls in europe and the us over renewed trade war fears. that's prompted by the arrest of a top executive from chinese tech giant huawei on a request from the united states. canada's pm says it's a normal investigation. there was no engagement or involvement in the political level in this decision because we respect the independence of ourjudicial processes. i'm kasia madera in london. also in the programme: first clues about the death of the thai businessman and owner of leicester city football club, a fault is found with his helicopter. rescue is in progress for a sailor in one of the most remote spots on earth. will be speaking to the organisers of the race. —— we will.
good morning. it's 9am in singapore, 1 am in london and eight in the evening in washington, on a day when there have been some sharp falls in global stock markets. they were reacting to doubts about an easing of the trade war between the united states and china. and the concerns were aggravated by news of the arrest in canada at the request of the us, of a senior chinese telecoms executive. all three main wall street indexes fell more than 2%, though they regained some ground later in the session. at one point, the dowjones index was down by 3%. that is almost 700 points.
it later recovered, ending down by nought point 3%. falls on european markets were sharper, with paris and frankfurt both shedding almost 3.5% and the ftse index in london fell 3.2%, its worst performance sincejune 2016, when britons voted to leave the european union. our business correspondent in new york michelle fleury has been following the markets. this comes as at the beginning of the week you saw the markets jump up on hopes that a trade deal was possible given that there was this 90—day truce on the us imposing tariffs on chinese goods. then you started to see a bit of a wobble and now i would call this much more than just a wobble. there are questions about how do these two sides proceed at a time when you've got a us government potentially asking for the extradition of a chinese citizen over sort of suspicions of breaking us trade sanctions? will there, possibly as some in washington are speculating, will this may lead to retaliation? all of that is causing concern about what this then does
for company profits down the road, if there is a trade war, a full—blown trade war, between these two economic giants. let's look ahead at what the impact could be on the markets here in asia. with me is our business reporter mariko oi. what is happening now? they opened higher, actually, talking about japan, south korea and australia, opening higher eye about 0.8% and this is how they are trading right now. gaining some ground after sharp losses yesterday and that is because they were the first to react to the news of her arrest yesterday, falling sharply and that is why we see some game today. that is not to say that the volatility will not continue because her bell hearing is set for later today, some experts say that her extradition to united dates could take actually mum, if
so, volatility will definitely continue on for some time. what about an continue on for some time. what aboutan opec continue on for some time. what about an opec decision on the output production? the slowing economy, the us china trade truce, how does this asset? there are definitely more factors than just that arrest that is affecting the asian markets as they trade this friday. i mentioned about that trade truce, it feels like a long time ago but it was just last saturday when president trump and xijinping last saturday when president trump and xi jinping agreed last saturday when president trump and xijinping agreed to some kind of trade truce, sending shares higher on monday the back little collocated yesterday as the founder ‘s daughter at huawei was arrested in canada and faces extradition to the united states. her bell hearing is set for later today. let's look in more detail at the arrest in canada of the top executive from the technology giant, huawei. china says meng wanzhou's arrest is a violation of her human rights
and has demanded her release. affair she was detained in canada and faces extradition to the united states on reported accusations of violating us sanctions against iran. ms meng is huawei's chief financial officer and a daughter of the company's founder. canandian prime ministerjustin trudeau spoke a short time ago and says his government had no involvement in the arrest. we were advised by them, with a few days' notice, that this was in the works but, of course, there was no engagement or involvement in the political level in this decision because we respect the independence of ourjudicial processes. further to that i have not had any direct or indirect conversation with any of my international counterparts on this. and china's been commenting too — the foreign ministry spokesperson, geng shuang, said china strictly adhered to all un security council resolutions but opposed unilateral sanctions of the type which huawei is accused of violating.
translation: i can't discuss the details of this case here, but what i can tell you is that, after learning about it, we've made solemn representations to canada and the us. we've demanded that both parties immediately clarify the reasons for this detention, and that they immediately release the detainee to protect that person's legal rights. a short time ago i asked our beijing correspondent stephen mcdonnel whether there's any evidence to back up claims by the us that huawei is working for the chinese government. well, you know, the interesting thing in this case, is from the chinese government's perspective, far from having proof, they're saying they have not even been given an official reason for her detention. we just heard a clip from geng shuang, the foreign ministry spokesman. i was at that press briefing when he said this and we were like, "what?"
i remember i asked him, "i'm sorry, did you say..." imagine this is meng wanzhou has been detained reportedly last weekend and you're saying you still have not been told, no official reason from either canada or the united states why she was detained and he's saying, that's right, we have heard nothing official from them, not only that, they are saying it is a human rights abuse on canada's part for detaining someone without giving them any reason. this goes to some big issues between these countries. you mentioned the tensions over huawei, but also this concept of us sanctions and wether or not other countries, third actors, should be bound by us sanctions on iran. after all, there's huawei, a chinese company, well, they can say you can have your own sanctions, we adhere to united nations sanctions — this is the chinese government, but why should we adhere to us sanctions? mind you, huawei the company has
in its own statement said that it has been adhering, as a company, even to those sanctions on iraq. there is a lot to come out about this and we're expecting an appearance in court, actually, later today in canada and that is when we'll find out what this is really all about. and when she does appear in court we will bring that to you here on bbc news. also making news today — millions of smartphone users in britain and japan have lost access to data services, as a result of technical problems with their network. mobile operators 02 in britain and softbank in japan have been affected. the problem appears to lie with third party software, which they say is affecting other operators around the world. the eiffel tower and a number of paris museums and markets will be shut on saturday amid fears of further street violence involving the yellow—vest protest movement. the demonstrations began in protest at fuel tax rises,
but have broadened into anger about rising living costs. eight thousand extra police are to be deployed to the capital this weekend. british politicians have spent a third day debating theresa may's brexit deal with the eu in parliament, as they build up to tuesday's vote. in another development, a second broadcaster has scrapped its plans to show a live brexit debate between the prime minister and opposition leaderjeremy corbyn. the bbc had already pulled out of hosting a debate in a different format. the joint winner of the nobel prize for medicine, japan's tasuku honjo, has been speaking about his award and his hopes forfinding a cure for cancer. he was jointly awarded the prize along with american, james allison, for his work in immunotherapy, which unleashes the body's immune system to target tumour cells rather than relying on chemotherapy. clearly, immunothera py is
clearly, immunotherapy is the call of the next generation. in fact, there are already publications. if you destroy the immune system, either chemotherapy or radiotherapy don't work, so the immune system is key to the fight against cancer. the coffin of the former us president george hw bush has been taken to his final resting place in north—west texas. he is to be buried beside his wife, barbara. investigators say the pilot of a helicopter that crashed outside leicester city's stadium in october had lost control when his pedals disconnected from the tail rotor blades.
the club's owner, vichai srivaddhanaprabha, and four other people were killed. duncan kennedy reports. it was just after the helicopter left leicester's king power stadium that it crashed. the five people on board were killed. they included leicester's owner vichai srivaddhanaprabha who was as devoted to the club as the club's fans were to him. their shock developed into this response — flowers, cards and questions. now an interim report into the crash has concluded that there was a mechanical disconnect between the pilot's pedal and the rear rotor blade that in turn appears to rule out pilot error. singing. today, the pilot and his copilot were remembered at a memorial service in guildford cathedral, in front of 1000 family and friends. eric swaffer and izabela roza
lechowicz, who were also partners in life, had flown choppers around the world. eric's mother debra spoke about the accident for the first time today. and recalled the moment of the crash. i knew before i was told, before the police arrived, i knew. i knew what had happened. and it's left an enormous hole in our lives. an enormous hole in our lives. father in heaven... today's service brought everyone from leicester fans to aviation colleagues. a moment of reflection for two pilots and three others who died following their passions for flying and football. duncan kennedy, bbc news in guilfourd. you're watching newsday on the bbc. still to come on the programme: trade tariffs don't seem
to be working for these american auto—workers, we report from a general motors plant in ohio that's set to close. also on the programme: film award season is getting under way. we'll have a look at the nominations just announced for the golden globes. john lennon was shot at the entrance to the dakota building in new york. there has been a crowd here standing in moral less so individual and the flowers have been piling up. the 14th ceasefire of this war ended at the walls of the old city of dubrovnik. this morning witnesses said shells were landing every 20 second. people are celebrating the passing of a man they hold responsible for hundreds of deaths and oppression. elsewhere, people have been gathering to mourn his passing. imelda marcos, the widow of the former president
of the philippines, has gone on trial in manila, she is facing sever charges of tax evasion. she pleaded not guilty. the prince and princess of wales are to separate. a statement from buckingham palace said the decision had been reached amicably. this is newsday, on the bbc. i'm rico hizon, in singapore. i'm kasia madera, in london. our top stories: there's been a modest recovery on asian stock markets despite new concerns that the trade war between the us and china could be heating up again. the worries have been aggravated by the arrest of a top executive from chinese tech giant huawei on a warrant from the united states. the huawei scandal dominates many of today's paper
but lets look at some of the other stories on front pages around the world. the japan times reports on the collision between two us marine planes, which crashed off the coast of japan. a search and rescue operation is still underway with five crew members still missing. the financial times has a story on the effect brexit is having on the value of the british pound. the paper says that nervous traders are reluctant to gamble on the currency because of uncertainty caused by brexit. and finally, the international edition of the new york times reports on president trump's former chief strategist steve bannon relationship with an exiled chinese billionaire. the pair have apparently come together overall a mutual dislike for the governing chinese communist party. a rescue operation is underway
to find a 29—year—old british sailor whose boat was wrecked as she took part in a solo round the world race. susie goodall is the youngest competitor and the only woman taking part in the thirty thousand mile golden globe race. her yacht was badly damaged and lost its mast in a storm in the southern ocean, about 2,000 miles west of the southern tip of south america. don mcintyre is the founder and race chairman of the golden globe race. i believe you talk the emergency call -- i believe you talk the emergency call —— talk. i believe you talk the emergency call -- talk. she is doing it tough but she is an extraordinary confident and competent sailor. hopefully there will be a sheep alongside around nine o'clock uk
times. it is a bit grim. the seas around five metres and the boat is a real mess right now. she is in such a remote place. it is a tough challenge. she has sailed two thirds of the way around the world are doing extremely well at the boat was built by one of the best builders in the world and one of the biggest bastard builders in the world and she got caught in a bad storm and the stern went over the bow. she was then cast. she was not sure how long she was out of it. she is badly bruised and her hands cut from the reading. —— cutting the rigs. bruised and her hands cut from the reading. -- cutting the rigs. how close you get hit someone to help her? it is co-ordinated by a chilly.
they found a ship about 400 miles away. it is in heavy weather so it has slowed down to about six knots and it isn't bit later than expected. —— it is. we are unsure whether they will be able to lodge a small boat to recover her and come back to bring her on board again because of the sea state. if that is not possible, the captain will have to manoeuvre 45,000 tons as close as he can and suzie would have to jump. the final planning is yet to be made. it sounds terribly dangerous. in terms of her psychological standing, she must be devastated. she feels as if she has let some people down. she has a huge following. she is a very strong
sale. but she is focused now and knows what is ahead of her and knows it isa knows what is ahead of her and knows it is a new challenge to get back to the uk and have loved ones. we wish her and the rescue team the best of luck. thank you. the rising trade tensions between the us and china are just one area where president trump's promises are now being judged against reality. last week, general motors announced it plans to stop production at five factories and cut around fourteen thousand jobs to trim costs. among the plants set for closure is in lordstown in ohio, and the bbc‘s aleem maqbool has travelled there to see the impact. this single factory covers an astonishing 900 acres. but after more than 50 years producing cars at this site, general motors — once america's biggest employer — has announced that from the spring no more vehicles
are due to be made here. kasey king has worked at the plant almost her entire adult life. it is almost like you are experience your death. it is almost like you are experience a death. it isjust hard to imagine that the one thing you thought you would never hear, never wanted to hear, just happened. with some job losses in recent years, she and many others had considered selling their homes and moving elsewhere. let me tell you folks in ohio... last year though, visiting here, the president promised this... don't sell it. do not sell it. we are going to get those values up, we are going to get thosejobs coming back... he made so many promises to so many people and... i have heard people compare him to a snake oil salesman. he isjust going around and selling false hope. but general motors says it is just restructuring, and that is not donald trump's fault.
in another industry here though, it's a different story. here on the other side of ohio, we are very much in farming territory, and agriculture has been devastated as a direct result of a decision that has been made by the white house and the exports to china that have plummeted. alan's family has been growing soya beans in ohio for generations. donald trump's tariff war with china has made for one of the most difficult years. 60% of him exported over the last five years to china and when the trade dispute started effectively those sales went to zero. but in recent days on social media, the president has been making more promises, that china will start buying us agricultural products again, including soya beans. and despite facing so many problems because of the trade war, alan, who voted for donald trump, is sticking by him.
i do not remember in my lifetime a president of the united states talking about agriculture as often as i have heard donald trump speaking about it. so you do not hear people saying in the community "i voted for him, now look what happened, i regret that"? no, you don't hear that. you get "i hope he knows what he's doing." and though he has not been able to deliver on his promises elsewhere, they still retain theirfaith in the president. aleem maqbool, bbc news. now, once your hear the words, golden globes, it means the awards season are well underway. this year's nominated offerings include the film vice, a comedy biopic of former us vice— president dick cheney and a star is born featuring pop music legend lady gaga. our correspondent regan morris runs us through the rest of this year's hopefuls from hollywood.
the dark political satire, vice, was the surprise frontrunner. the dick cheney by epic was nominated for best comedy, screenplay and actor nomination for christian bale. the actor is barely recognisable playing the former us vice president. oscar frontrunner have five nominations each. a star is born is that read,
of being both critically acclaimed and a popular blockbuster. the film is nominated for best drama and it received acting nods for bradley cooper and lady gaga. it is hard for goodman to be a king. this awards season goodman to be a king. this awards season could be a battle of the blockbusters. black panther and bohemian rhapsody, about the british band queen, also best drama contenders. so what's playing tonight? like the oscars, the golden globes also celebrate the smaller screen. leading the pack is the assassination of joan screen. leading the pack is the assassination ofjoan rivers saatchi
-- gianni assassination ofjoan rivers saatchi —— gianni versace. killing if is also nominated. —— eve. the bodyguard received two nominations. they were a surprise to many in hollywood. faddes hope it means a second season is coming soon. —— fa ns second season is coming soon. —— fans of the show. tremendous performances. you know it is awards season performances. you know it is awards season once the golden globes around. good luck to all the nominees. have a great weekend, cu monday. —— see you. hello there.
we are ending the week on a pretty turbulent note. some strong winds on the way to scotland. severe gales here could cause some problems. and as well as the very strong winds on friday in scotland, we'll also have some heavy rain around, particularly across south—west england, over the next few hours, and that could bring some localised surface water flooding. the troublemaker is this developing area of low pressure. pressure continues to fall and the low pressure deepens, and that continues to strengthen the winds. now, the strongest winds will be going into the north of the uk, and you can see some of the heaviest rain will be trailing back across wales into south—west england. here, 40 millimetres of rain, and that could cause a few issues first thing friday morning. certainly, some big puddles on your morning commute across this part of the world. the winds will continue to strengthen as we go on through the next few hours. and there is a good chance if you're going out in the next couple of hours of seeing some pretty heavy rain around as well, but it won't be a cold start to the day. the winds will continue to strengthen to thrugh morning across northern ireland and then into scotland. this is where the strongest winds are going to come through,
probably the strongest winds around midday, the early afternoon, with gusts around 70 to 80 miles an hour. could even top that in one or two of the very, very most exposed locations. there'll be heavy rain as well. further south, our band of rain will continue to push eastwards across england, clearing friday. then we'll see some sunshine following and a few showers for western parts of england and wales to end the day. showers too for northern ireland. temperatures will be falling through the afternoon. seven to 10 degrees as that cooler air continues to work its way in. now, as far as the weekend goes, it will stay pretty wind and blustery, and we're looking at further showers around, particularly on saturday. it turns cooler on sunday, but with a bit more in the way of sunshine. here's a chart then to take us through friday night. those strong wind still buffeting scotland, it will take a while for those winds to ease down, and then we'll start to see the next system approaching from the west. so, this is the forecast for saturday. most of us will see at least some bright and sunny spells, but it's going to be a blustery kind of day, with showers moving in from the west
and pushing eastwards as the day goes by. so it's one of those days where most of us will see at least a spell of rain. temperatures between nine and 13 celsius, so we're just about on the mild side of things. however, for the second half of the weekend, as winds swith round more to a north—westerly, still with som showers knocking around, it's going to start to feel a little bit cooler than that. wales and parts of north—west england, particularly around cheshire, greater manchester and merseyside. and the temperature's going down. seven to 11 degrees your high on sunday. i'm kasia madera with bbc news.
our top story: asian stock markets have recovered slightly despite falls elsewhere because of doubts that there'll be a quick end to the trade war between the us and china. the worries have been aggravated by the arrest of a top executive from chinese tech giant huawei on an american warrant. there are fears this will further undermine us—china trade relations. meng wanzhou was detained in canada after an extradition request from the united states. it's understood she's accused of violating us sanctions against iran. beijing wants her release. and this story is trending on bbc.com. these are pictures of a space x rocket failing to land safely back on earth. it was returning to florida when it started spinning on its descent. it's guidance system directed it to splash down in the ocean. that's all. stay with bbc world news. and the top story in the uk: