let's go to our asia business hub, where shara njit leyl is following the story. sharanjit, tell us shara njit, tell us about sharanjit, tell us about today's move on the chinese currency and the trade data that's come out as well. that's right, sally. it's really interesting because the central bank of china set its rate again reasonably weakly, but asian markets seem to be shrugging it off making slight gains. part of it is there to — yuan slight gains. part of it is there to —— yuan is stronger than most a nalysts —— yuan is stronger than most analysts expect, saying the chinese central bank want to limit declines, including reassuring foreign companies that the company won't wea ken companies that the company won't weaken too much. china's daily fixing has become a closely watched event after the weak reference rate was set on monday, and that helped to trigger the huge loss you talked about on the markets as well as the biggest loss on the yuan since 2015. and it sparked concerns about a global currency war, including china the label of currency man

welcome to asia business report, i'm shara njit leyl. we welcome to asia business report, i'm sharanjit leyl. we start with america's opioid crisis and johnson &johnson has america's opioid crisis and johnson & johnson has been america's opioid crisis and johnson &johnson has been ordered to pay $572 million for its part in fuelling the painkiller crisis in 0klahoma. shares of the us drugmaker actually rose on the news as the ruling was much lower than the $17 billion the state had been seeking. the bbc‘s samira hussain has more. the bbc‘s samira hussain has more. thejudge in the bbc‘s samira hussain has more. the judge in oklahoma the bbc‘s samira hussain has more. thejudge in oklahoma said johnson & johnson was responsible for fuelling the opioid crisis but the company was only fined $572 million, a fraction of the $17 billion the state of oklahoma was asking for. in a brief statement made by the judge, he indicated the fine being levied on the company was the maximum amount he could force them to pay. lawyers for the drug make

let‘s go to our asia business hub where shara njit leyl is following the story. what more can you tell us about this? essentially, japan dropping south korea from its list means a number of things. it means japanese exporters will now have to make sure their goods don‘t benefit south korea‘s military weapons industry because of —— before they can be sold seoul said they will scrap the military sharing pack. tokyo says all claims from the world war ii says we re all claims from the world war ii says were settled and essentially this whole row has been going on for some time and it flared up injuly. japan imposed controls on things crucial to south korea‘s companies. samsung was hardest hit. they produce more than 60% of memory chips globally. we have seen semiconductor sales plunge 30% and a nalysts say semiconductor sales plunge 30% and analysts say a version — make further escalation could disrupt global supply chains as the world wrestles with the intensifying us— china trade war, for instance. it might also lead to higher prices for things like s

shara their thoughts. well i think he was right in that in context when you have had women have more choices they could have more rights they exercise their rights we have seen lower rights opportunities but as i pointed out there are many countries also where women are having fewer children than they would like to and they need a changing system not only in terms of policies and governments providing better childcare services but also a change in families men doing more of the care work sharing more not that work and that choice is to be realized in our in terms of number of children they would like to have i think that also has to be respected women who are having fewer children that they would like to and who need a different system by way of family systems men's responsibilities and policies in terms of provision of childcare services changed working hours to enable them to exercise their choice and have a number of children they would like to have and that's a very valid choice which needs to be respe

let's go to our asia business hub where shara njit leyl is following the story. tell us a bit more about versace. that's right, sally, all of this happening and it appears to be inflaming the tensions at a time when protesters in hong kong are already demanding universal suffrage. has been fierce criticism of the site —— versace on social media. the company has said it's made a mistake and has stopped selling the top, saying it respects the sovereignty of the territorial state. versace is the latest foreign firm facing a backlash or not it hearing. the t—shirt is causing controversy saying hong kong, hong kong and macau, macau, suggesting they are not special administrative regions but countries in their own right. china has been wanting to police this in the way people describe hong kong, a special status offering more autonomy than people on the mainland. in a post on weibo, the italian fashion label has said it stop selling and has destroyed those t—shirts and the label's artistic director, donatella versa ce, artistic director, donatella versace, has

shara njit leyl is following the story. give us a little bit of context if you will to the story. that's right, it is significant because it is the first post—brexit deal with an asian country. 0fficials first post—brexit deal with an asian country. officials on both sides meeting in london to sign it. it is called a continuity free trade agreement, because it will allow them to keep trading in the event of ano them to keep trading in the event of a no deal brexit on october 31. bilateral trade accounts for about 1.196 bilateral trade accounts for about 1.1% of total british trade. however, that is paltry compared to trade with the eu, which accounts for 48%. we know that south korea is among the uk's top 15 trading partners in terms of british export sales, but today's agreement is not a permanent trade deal because it will actually need to be renegotiated within two years. and it gets more complicated, because the uk will need to obtain south korea's consent to maintain existing tariff terms, uk goods with significant eu components, and vice—versa. it is notable the uk has

i'm shara njit leyl. we edition of asia business report. i'm sharanjit leyl. we start with uber because it shares are falling sightly in extended wall street trade —— sharply. the firm has lost over $5 billion in the three months tojune. over $5 billion in the three months to june. the bbc‘s over $5 billion in the three months tojune. the bbc‘s michelle fleury has more. responding to urban puzzle make second—quarter results, —— uber‘s second—quarter results. uber has turned into the magical money burning machine. it goes to the heart of the business, can it become profitable? sceptical investors gave the stock a cold shoulder. it doesn't help that its rival, lyft suggested it could achieve profitability sooner than expected. initially, uber has spent heavily to achieve market share. uber‘s costs still rose ia7% to $8.65 billion in the quarter, it spent more on research and development. uber‘s ceo is betting that future growth will come notjust from is betting that future growth will come not just from ride is betting that future growth wi

let's go to our asia business hub where shara njit leyl is following the story. there are so much talk about crypto currency is and what you can hide. here's an example. absolutely, it sounds like something out of a spy film, doesn't it? because essentially as you say it has been revealed by the sleet united nations confidential report i should add, saying that banks were targeted, noted —— backs were targeted, to try and collect cash was not sources confirm to the bbc that the humans actually been investigating some 35 cyber attacks and the reporters were sent to the security council is north korea censures committee says that north korea's attacks against crypto currency exchanges essentially allowed to generate income in ways that are harder to trace and subject to less government oversight and regulation in the traditional banking sector. experts a p pa re ntly traditional banking sector. experts apparently are also investigating cyber mining activity designed to earn foreign currency. we know of course all this comes as north korea launches to missiles t

shara njit leyl is looking at this for us. what do you make of all of this? essentially when asked by the bbc, a spokesperson from google would not comment on whether they agreed with twitter that this was part of a chinese stayed bad misinformation campaign designed to basically undermine the protest movement in hong kong. essentially they did say, they confirmed that over 200 youtube channels that appear to be part of a co—ordinated campaign against those protests in hong kong, according to the company security threat analysis, they behaved in a co—ordinated manner uploading videos related to the hong kong protest with and as. we know this comes after twitter and facebook accused the chinese government of supporting a social media campaign designed to discredit those protests and the movement in hong kong. they say that the chinese government are trying to sow the chinese government are trying to sow political discord in the city. twitter and facebook are banned in china as part of the government's so—called great firewall of censorship. they suspende

let's go to our asia business hub, where shara njit leyl is following the story. sharanjit, just explain how this works, why this works, and why a lowering of a midpoint could signal real aggression from china. well, yes, victoria, you said it is a new front. it is to some extent. it is not having the impact first fell to the decade low on monday, that's when you recall us markets suffered the worst day of the year. markets today are in fact staying fairly steady, because traders were expecting the yuan to be set at an even expecting the yuan to be set at an eve n wea ker expecting the yuan to be set at an even weaker level. they are saying that the chinese central bank has actually shown signs of trying to stabilise the yuan in the last few sessions. it at that daily rate as a 296 sessions. it at that daily rate as a 2% range against the us dollar and, of course, as you mentioned, this is the lowest it has been in some 11 yea rs. the lowest it has been in some 11 years. one analyst i spoke to said this is indeed a new front. he agrees this is a big move in the ch

let's go to our asia business hub where shara njit leyl is following the story. that is right because $4 billion of imports are already in the pipeline going to india. we know india isn't pa rt going to india. we know india isn't part of the g7 but prime minister moody was an invitee and he it comes in the wake of lots of strange that have popped up in the bilateral relationship between india and america in terms of trade and political interest — make issues over kashmir. trade is an important pa rt over kashmir. trade is an important part of the tubing bilateral strategic partnership — make issues over kashmir. there have been a raft of tariffs escalating leading to fears of a protracted trade war. it hasn't always been a smooth sailing between the two and trump has called india the tariff king and there is a yawning trade gap between the two in favour of india. india has dragged the us to the world trade organisation over it dispute on trade. we do know that mr moody will be seeing trump again. —— never enter a modi. he will travel to houston where ther

shara their thoughts. well i think he was right in that in context when you have have women have more choices they can have more rights they exercise their rights we have seen lower rights opportunity but as i pointed out there are many countries also where women are having fewer children than they would like to and they need a changing system not only in terms of policies and governments providing better childcare services but also a change in families men doing more of the care or sharing more outside work and that choice is to be realized in our in terms of number of children they would like to have i think that also has to be respected women who are having fewer children that they would like to and who need a different system by way of family systems men's responsibilities and policies in terms of provision of childcare services changed or working hours to enable them to exercise their choice and have a number of children they would like to have and that's a very valid choice which needs to be respecte

. —— to shara njit leyla little injured a little earlier. —— to sharanjit leyla little bit earlier. scientists from ukraine and the uk who've spent decades studying the abandoned landscape around the chernobyl nuclear power plant have launched a vodka made from ingredients grown inside the exclusion zone. it's the first officially consumable product to be made in chernobyl since the nuclear accident there in 1986. 0ur science correspondent victoria gill has been given a unique taste of what's on offer. abandoned for more than 30 years, but in one small pocket of the 4,000 square kilometre exclusion zone that surrounds the chernobyl nuclear power plant, it's harvest time. this experimental farm was set up by a team of scientists, and the crops being grown here, they say, could be a first step towards using this land productively again. very nice chernobylski rye grains. this means we don't just abandon the land. we can use this land in different and diverse ways and we can produce something which will be totally clean from the radioactivity. and this is what it's being used to produc

is listening to you so any you've made a sacrifice you've decided you're not going to have children shara there is telling you that there is there are many places around the well where the fertility rate is fair enough so is a sacrifice that you'll making is that warranted bearing in mind that the rates have gone down. i would say that for myself i don't consider my choice to be a sacrifice it is a choice that i made and i'm lucky to live in a time in a place where i was able to make that choice for myself but i also totally agree that there are there is the issue in some nations in the us included where people may be having fewer children than they would choose to because they're not getting the support they need as parents so that is another side of the coin in. all of these. and i want to add in just another wrench into this because as i mentioned there are kind of fierce opinions on both sides so here is one of those sides a couple of people mentioned this point and i'll share just a few of them as we overproduce by like 60 percent globally saying don't have babies to save the planet

shara your thoughts. well i think he's right about income tax when you have had women have more choice than they could have more rights they exercise their rights we have seen lower rights opportunity but as i pointed out there are many countries also where women are having fewer children than they would like to and they need a changing system not only in terms of policies and governments providing better childcare services but also a change in families men doing more care work sharing more outside work and that choice is to be realized in our in terms of number of children they would like to have i think that also has to be respected women who are having fewer children they would like to and who need a different system by way of family systems men's responsibilities and policies in terms of provision of childcare services changed the working hours to enable them to exercise their choice and have a number of children they would like to have and that's a very valid choice which needs to be respected and su

. —— at 1am with shara njit i'll be back at with newsday. —— at 1am with sharanjit and newsday. welcome to hardtalk, i'm stephen sackur. the human preoccupation with sex is nothing new, but the internet has made it so much easier to explore and exploit every shade of desire. the online porn industry makes billions of dollars in profit every year, but the big winners are corporate players, not the women and men performing the sex acts. my guest today is mia khalifa. she was briefly a porn actress, garnering worldwide notoriety when she appeared in a sex video wearing the islamic hijab. after years of threats and insecurity, she's speaking out. what does her story tell us about the porn industry and 21st century culture? mia khalifa, welcome to hardtalk. thank you for having me. by many measures, you are a very famous woman. for instance, you have, what, more than 16 million followers on instagram. but the origins of your fame lie in your brief involvement in the porn industry. is that hard for you to deal with? absolutely. after i left, i deleted my... well, i didn't delete my in

is listening to you so any you've made a sacrifice you've decided you're not going to have children shara there is telling you that there is there are many places around the well where the fertility rate is fair enough so is the sacrifice that you'll making is that warranted bearing in mind that fertility rates have gone down. i would say that for myself i don't consider my choice to be a sacrifice it is a choice that i made and i'm lucky to live in a time in a place where i was able to make that choice for myself but i also totally agree that there are there is the issue in some nations in the us included where people may be having fewer children than they would choose to because they're not getting the support they need as parents that it is both in their side of the coin and reproductive. and i want to add in just another wrench into this because as i mentioned there are kind of fierce opinions on both sides so here is one of those sides a couple of people mentioned this point and i'll share just a few of them as we overproduce by like 60 percent globally saying don't have babies to sa

shara: it is worrying because it is a big question and they have offered concerning details about a previous round of tariffs. they talked about how they tried in the most recent quarter doing some selective price hikes on housewares and luggage, and they said it did not go well, that ultimately consumers did not have an appetite for the price hikes. i do not think that looks good for macy's as we get into these tariffs. romaine: talk about another story, walmart. not quite a department store. we will get their earnings. the expeditions are high. analysts saying they are expecting an increase in the forecast. what do you say? sarah: i expect strong sales growth, somewhere in the neighborhood of 2.5% to 3%. i think that guidance is the thing to watch. walmart always updates guidance in the second quarter, so we know we will see new information. and i would say if we see any downward revisions from walmart tomorrow on any metric, it should be concerning for the entire sector, particularly if it is trade related. walmart is in better position than anybody else to hold up in the tariffs storm, s

installed base but i just don't think the stocks go much if anywhere >> we have a question on disney from shara in massachusetts. she wants to trade on disney you own it >> as you know, disney was rerated a few months ago when they came out with their disney plus initiative, which will launch later on in october or november the stock sold off about ten points since its high. i think look for weakness and buy here because long term, i think disney is going to be the ax and go against netflix quite successfully >> finally, tony in atlanta, georgia, writes what would you recommend my starting portfolio be if i have $10,000 rob, why don't you take that one? >> okay, i would say first it's tough without context, but i assume the starting portfolio would be for a young person. and when i look at what's available out there, there is no alternatives to stocks i said it early on, but i think you have to be mindful of the risks that are on the dashboard right now. i would start a dollar cost averaging strategy that has price acceleration metrics, i would invest 25% today on this selloff and have the bala

shara pope was not the only former champion going home 2016 when angelica is out to the german crush down to 3 sets to france's pristina blotted movie prepared this good as they can and of course it's no bit disappointed that. i was not able to play it good match like i was practicing roger federer took a little time to get going in his opener against to make you know god. he didn't qualify one of the 1st 6 holes but any thoughts of pulling off a major ops it was pretty short lived federal found his form and dominated the next 266162. before sealing the full 64 to take the match. tough 1st set for me. so i had the lead so things were looking good to me but he came back and play very strong so credit to him defending champion novak djokovic got his title defense off to an impressive start unlike pedro he took little time to find his stride joke of which beating roberta in straight 6 said of. the serbian showing just why he's the number one ranked player in the world so he'll malik 02 english football clubs are facing a very uncertain future bolton wanderers have missed a deadline for

shara pope was not the only former champion going home 2016 when angelica to the german crush down to 3 sets to france's christina blasted movie i prepared this good as i can and of course it's a little bit disappointed that. i was not able to play it good match like i was practicing. roger federer took a little time to get going and is open again soon it's not gonna. need to qualify one of the 1st 6 holes but any thoughts of pulling off a major ops it was pretty short lived federal found his form and dominated the next 266162. before sealing the full $64.00 to take the much. tougher set for me. so i had the lead so things were looking good to me but he came back in play very strong so credit to him defending champion novak djokovic got his title defense off to an impressive start unlike pedro he took little time to find his stride joke of each beating roberta in straight $67.00. the serbian showing just why he's the number one ranked player in the world so. what a good set of matches will remember who has already found his form in italy scoring on debut as enter crèche newly promote

ok tennis and some big name exits in the 1st round of the rogers cup in canada maria shara part of a one of them the russian one the 1st set but a very chilly last and it counter-violence a 23 year old former star you know this study will go on to play either cauliflowers navarro venus williams is 2nd round. one another multiple grand slam champion 12 seed only really care about is also out the german for the world number 116 out of the 1st set back as good as it got for her because she lost to the un ranked russia. doesn't clean up the start for credit tina fey's either eugenie bouchard or bianca and desk. and in the men's stroller which was taken back to montreal start wearing care continues his comeback from injury starting on the back channel to gary in the beginning of the 4th he'll know by rushing 60 pounds actually. i was very successful footballer danny always has returned home to brazil to play for south power as you can save a couple of people turned up at the airport to see him you'd be forgiven might be missing out there is in that crowd so we've made it a little bit easi