More than 17,000 boys aged 1a carry a knife or weapon in england and wales, according to the home office. Now on bbc news, live to singapore for Asia Business report. Borisjohnson Boris Johnson and brexit. Borisjohnson and brexit. How investors view the huge challenges faced by the incoming uk Prime Minister. 2020 countdown. Exactly a year before the opening of the tokyo 0lympics, what will it mean for japans economy . Good morning, vietnam. Hello, well. Its a wednesday. Lad you could join us its a wednesday. Lad you could join us for another action packed big wea k us for another action packed big weak edition of Asia Business report. Im rico hizon in singapore. We start with uk, because later today Boris Johnson we start with uk, because later today borisjohnson will become the countrys new Prime Minister. That after he culpably won the contest to replace theresa may as the leader of britains rawling conservative party. Comfortable one. We look at the huge task faced by mrjohnson after he takes office. Boris johnson will have a very full intro when he moves into downing street. At the top of it, of course, brexit. He says he wants to leave the European Union with a deal, but it must not include the so called backstop, a proposed arrangement intended to ensure there are no controls on the border between northern ireland, in the uk, and the republic of ireland which will remain a European Union member. He thinks the backstop would give the eu too much influence over British Business regulation. And if the eu insists the backstop must stay, and he says he is prepared to leave without a deal on the current timetable on the 31st october. Do or die as he has put it. Now, in the financial markets, a no deal brexit is seen as being bad the british economy. 0n the value of the currency, stirling, has been the main barometer of that. As the possibility has seemed to increase at least in the minds of investors, so that has weigh down on the value of the pound. Mrjohnsons victory was largely already priced into the value of the currency, so when they did indeed come to pass it had little Immediate Impact in the markets. But if it does come to be that brags it looms a much larger interview then we could expect sterling to weaken further. As andrew just sterling to weaken further. As andrewjust mention of the single Biggest Issue faced by the new Prime Minister will be exit. The pound was up minister will be exit. The pound was upa minister will be exit. The pound was up a little overnight as the currency continues as rollercoaster ride it has been on since the 23rd ofjune in 2016, when britain voted to leave the European Union. Well it reached a high of one against the us dollar the day before that vote. Since then it has been on a volatile downward trajectory. In recent weeks, telling thing to a two lowered fears that britain could leave the European Union without a deal. Earlier, iasked Simon Littlewood about the impact Prime Ministerjohnson would have on the pound. The markets are going to be looking very hard at whatjohnson is going to do to deliver his promise, which is that he wants to get a better deal. Now, he is obviously heavily committed to brexit and when heavily committed to brexit and when he campaigned for brags that he asserted that it would be very easy to get a good deal. Nonetheless, parliament has repeatedly rejected the deal theresa may put before them. In terms of currency, as Andrew Walker correctly said, the arrival of borisjohnson has been priced into stirling pretty well. There is plenty of room for it to fall further. So, simon, at this point are there other political or business matters, aside from a brexit deal, that borisjohnson can undertake to stabilise the pound was yellow well, that is hard to say. If a look at the history of previous tory governments, he is more likely to stay some perilous foreign adventure to take attention away. The reality is that brexit has dominated british politics the last two and half years to pretty much the exclusion of everything else. Below is the pound got to in recent history was 1. 05 under reagan. There are of people who accepted me get to parity before this is over. Making headlines the white house has another trade negotiations with china will restart next week. Robert lighthizer and his team are said is lighthizer and his team are said is scheduled to travel to beijing for the first in person meeting since talks broke down in may. The us has announced an investigation into leading Online Platforms examining whether they are unfairly restricting competition. Thejustice department didnt know many companies, but facebook, google, amazon, and apple are likely to be scrutinised in this wide ranging probe. It marks the latest scrutiny of the tech giants power over the american economy. In other news, Nissan Motors reported to cut thousands of jobs globally Nissan Motors reported to cut thousands ofjobs globally to improve its performance, according to the new service the car maker will more than double the a800 layoffs is announced in may. Vaudevillain announces latest earnings later after showing a strong first quarter, growing demand for pickup trucks and Sport Utility vehicles. 0ut for pickup trucks and Sport Utility vehicles. Out of that the car making giant has revealed details to develop an all electric version of the f1 50 develop an all electric version of the f150 pickup. Michelle fleury has all the details. Ten a double decker train cars weighing over a million being towed bya weighing over a million being towed by a truck. But this is no regular pickup. It is fors electric f150. The goal to commence customers that switching away from a Combustion Engine is not a downgrade. We think it is an important trade. We want to be prepared for it and create the future. Ford is spending 11. 5 billion to electrify its product line up by 2023. But our customers ready to make the switch . Most drivers still buy conventional gas cars. I dont have a crystal ball. A loss of things will drive that acceptance. 0ur loss of things will drive that acceptance. Our strategy is to do it by embracing and playing to our strengths. Going into the segments we dominate, like pickup trucks, and electrifying our most iconic nameplates to give us the Pricing Power as well as market dominance. Gimmicks to promote electric vehicles are new. Remember this, a tesla model x pulling a boeing 787 dreamliner plane. Fors electric truck is holding three times that load. Still, there is no timeline for the electric f1 52 load. Still, there is no timeline for the electric f152 hit sheriff laws. A staple of American Farms and construction sites, carmakers know the truckers beloved in america. Changing drivers because hearts and minds will be to realising a future thatis minds will be to realising a future that is electric. Michelle fleury, bbc news, new york. The International Monetary fund has cut its forecast for the Global Economy for this year and next. It predicts growth of 320 in 2019 and 3. 5 in 2020. The organisation said growth quote remains a subdued three point to . We are exactly one year away from the Opening Ceremony of the 2020 sochi 0lympics. The Opening Ceremony of the 2020 sochi olympics. The games promises to give a boost to the japanese economy but some critics are concerned about rising costs. Earlier they asked an economist whether he sees the impact of tokyo 2020 has been positive or negative for the economy. The Olympic Games here in tokyo are going to be absolutely positive. You know, youve got already a sizeable boost in terms of the construction pickup and much more important is the halo effect. Japan will be in the spotlight. Japan will be showcase. And everyone will realise that japan isa and everyone will realise that japan is a fantastic place to visit. Absolutely it will be showcased. Residents are already complaining about the disruptions due to the games. Is it really worth taxpayers money for the disruptions they will face during the games . It is interesting. There is a great probability that the tokyo 0lympics will be making money, that it will be profitable. They have been very, very good at keeping costs under control. Having fantastic new facilities, but having the costs down. So net that it will boost japans economy by about 0. 3 0. 5 percentage points. Many countries who have hosted the olympics in the past have been saddled in debt after the games with so called, you know, white elephants, empty facilities. Look, this is tokyo, this is not athens, it is not a rio de janeiro. This is one of the best run cities, major metropolitan areas in the world. And lacazette, the chances are very good but when all is said and done this will actually be a moneymakerfor and done this will actually be a moneymaker for tokyo japan like and done this will actually be a moneymakerfor tokyo japan like i said. You have been around tokyo. You have seen these facilities. Are they on track to finish, as they propose . 0h absolutely. It is fantastic. It is the first time in the history of the olympics there was a bigger stadium going to build, cost overruns, they cut it and built a cheaper version by a starjapanese architect. Wonderful facilities at a third of the pros of the original one. But still absolutely spectacular will that is the way to runa spectacular will that is the way to run a modern country price. Exciting times for the japanese economy with the tokyo 2020 olympics just around the corner. Let us look at the asia pacific markets that are open for business. The nick ayers up by o. 4 . Open for business. The nick ayers up by 0. A . The all 0rdinaries gaining 0. 5 by 0. A . The all 0rdinaries gaining 0. 5 nikkei. The wall street dumped overnight after news of face to face jobs between us dumped overnight after news of face to facejobs between us and china resume next week. Stronger than expected earnings lifted investor sentiment. We also saw the s p 500 at a new record high overnight. Thank you so much for investing your time with us. Im rico hizon. Bye for now. Im ben bland. This is bbc news. The top stories this hour borisjohnsons preparing to become britains next Prime Minister after winning the conservative Party Leadership election. World leaders offer their congratulations, including president trump. But the new head of the European Commission warns of challenging times ahead. Forecasters expect temperatures to rise this week, culminating in what the met office has said could be the highest ever recorded in the uk. July record of 36. 7 celsius set at heathrow in 2015. Duncan kennedy is in bournemouth for us. From the north of africa to the south of britain, a glorious delivery of sunshine coating every coast in a wave of heat. Here in bournemouth, temperatures hit 30 degrees, making the water as crowded as the beach. What do you think of the weather . Its really lovely, its amazing. Its nice and hot and everyone is enjoying themselves. Awesome, we have been waiting for so long for such weather like this and you know, it finally came. At lymington in hampshire, it was already 25 degrees at ten oclock this morning. Do you have to take care in this kind of weather . Well, i do because ive got a lot of freckles and ive got fair skin, so i have to take care that i do put on the, like, factor 30 or Something Like that. But near grantham in lincolnshire, passengers were left sweltering after three trains became stuck following problems with overhead lines. While at goodwood in hampshire, the early burst of heat has done this to farmland. Firefighters have it contained. But whatevers happening with the heat, it isnt for everyone. Public Health England have issued warnings, particularly for Vulnerable People like the elderly or the young, saying they should keep out of direct sunshine and take on plenty of water. No one heatwave can be put down to global warming, but Scientists Say we should expect more climate events like this. At longleat its notjust the weather that comes from africa, but for him at least, this is all about global cooling. Duncan kennedy, bbc news. British airways has failed in a bid for a temporary High Court Injunction to halt industrial action by its pilots in a dispute over pay. Members of the British AirlinePilots Association voted by more than nine to one to launch a campaign of action, which could cause serious disruption to summer flights. Welsh victims of the contaminated blood scandal have started giving evidence to a public inquiry. The head of the inquiry, sir brian langstaff, has listened to the first of four days of hearings in cardiff. At least 300 victims from wales were left with chronic or life limiting conditions such as hepatitis or hiv after receiving contaminated blood products in the 19705 and 805. Now on bbc news sport today. Hello, im Tulsen Tollett and this is sport today, live from the bbc sport centre. Coming up on this programme further protests at the world aquatics championships as britains duncan scott refuses to share a podium with chinas sun yang. Im team mack. If he cant respect our sport, why should i respect him . The debate about safety in boxing reignites after the death of russian fighter maxim dadashev. And James Anderson will miss englands historic first test against ireland, but he will be ready for the ashes. Hello and welcome to the programme where we start with the news that another athlete has snubbed the chinese swimmer, sun yang, at the world aquatics championships in south korea. This time britains duncan scott refused to shake his hand on the podium after the chinese swimmer controversially won gold in the 200 metres freestyle, due to the original winner being disqualified for a false start. But scotts protest relates to suns previous drugs ban and the fact that hes allowed to compete whilst awaiting an appeal on the decision of a further doping offence. Australias mack horton was given a warning by fina for a similar