The leader of the conservative party in scotland, ruth davidson, is said to be on the verge of quitting and will make a statement later. Now on bbc news live to singapore for Asia Business report. The Uk Parliament suspension dash are no deal brexit seen as more likely. And indias cup industry pileup. We look at how the slowdown is impacting small and medium sized businesses. Hello, and welcome. No surprise, we are leading with brexit because, as we we re are leading with brexit because, as we were hearing on newsday, the queen has approved the plan to suspend the countrys parliament a few weeks before the brexit deadline stop news of the news sent the pound sharply lower. It plunged just as that news broke and that is because brexit is expected to prevent opposition leaders from passing a law to stopping a no deal brexit. Ever since the referendum that has been a pattern into the Financial Market and it was repeated after Boris Johnsons plan market and it was repeated after borisjohnsons plan was announced. It is seen as likely to impede trade between the uk and the eu. No deal brexit is perhaps more likely because parliament has less time to block it. That means british exporters could face worse access to their largest markets overseas and thatis their largest markets overseas and that is seen as bad for economic growth. In previous occasions, the stirling foul. On the london stock market, many of the Larger Companies have earnings in foreign currencies so we have earnings in foreign currencies so we compound actually boosts their value and the 100 share index rose. The next largest 250 companies fail. The next largest 250 companies fail. The 100 share index did give up some of its gains. Among British Business people, there is some support for the idea of a no deal brexit but the Major Business organisations do not share that view at all. Avoiding it is of the top priority according to the british chambers of commerce. Perhaps they will eventually get they wish but, in the meantime, they have to live with the fog of uncertainty. I asked how brexit may play out in the market. The longer it drags on, the greater the level of uncertainty, whether on the political, economic front, the more likely businesses will postpone decisions or deciding that perhaps it is better to be outside of the uk itself and that is where businesses either benefit from or suffer from the uncertainty as brexit is unfolding. I realise it is an unfair question because it really nobody knows but what is going to happen next and will it be business as usual or will the uk have to radically rethink its trade relations . You either stay in or out, businesses can get on with planning whatever they have to decide. If they have to be in the uk than they can do what they have to do otherwise it will create problems. In the meantime, we can see a cheaper currency helps export oriented businesses. Do you expect the pound staying week . At this juncture, how long can it go . It depends on the certainty of exit materialising. We do not know on that front. Brexit. We do not know if borisjohnson will be run in two months time. So the Business Community is concerned. In other news making headlines crisis hit argentina has asked the imf to restructure its payment on the 57 billion bailout agreed last year. The announcement from the finance and a star comes as the government attem pts and a star comes as the government atte m pts to and a star comes as the government attempts to reassure investors of its ability to repay the debt and calm market turbulence. The us treasury secretary says he does not plan to intervene in currency markets for now. His comments come after President Trump repeatedly complained that the strong dollar is hurting american exporters. Oil prices have made gains with Strong Demand from crude easing global slowdown concern. Traders are encouraged by comments from the white house about trade talks with china. But do we expect Energy Markets to remained volatile . China. But do we expect Energy Markets to remained volatile . M china. But do we expect Energy Markets to remained volatile . If you look at the overall demand picture, Economic Sentiment is still weighing down. We have lowered our demand estimate, growth demand estimate by about one point zero two Million Barrels per day which is down 170,000 barrels from what we expect that last month. Due to the economic slowdown. Which market in particular . China. A big bulk of the slowdown and we are expecting that to happen in china primarily fuelled by the china us tensions. There are reports of donald trump saying were going to get back to the table but we have seen that happen often in the past and it has come up with nothing but seem more tariffs slapped on chinese products and us goods. China imposed 5 tariffs on some imports and that is a big deal. They have not done that in the past year. Turning to india where the slowdown in the car industry has a force companies to cutjobs and in some cases suspend force companies to cutjobs and in some cases suspend production temporarily. This is also having a severe impact on small and medium sized businesses. We travel to an Industrial Town in eastern india. This family have fallen on hard time. He works for a company that produces spare parts for cars but he has only worked 1a days in the last month. A drop in demand has forced his factory to shut shop for several days every few weeks. Translation we had a comfortable life until the slowdown happen. It is difficult now to arrange for food and i have even stopped sending my kids to school. My stopped sending my kids to school. My mother has been unwell and, if one day i fall sick, how will we survive . Sales of Passenger Vehicles fell by more than 30 injuly, the steepest decline in nearly two decades. Auto dealers and potential buyers are struggling to access credit because of a crisis in the banking sector. It is at this small and medium sized businesses, which supply to the big manufacturers, that have been the worst affected. Industrial areas like this one, home to hundreds of car and other factories, a slowing with the slowdown. All this people are daily wage workers who used to work in the automobile sector. For the last few weeks, theyve beenjobless. They say it has been difficult to run at their homes and our they are willing to work for as little as 1 per week but even that is not happening. More than 100,000 people are thought to have lost their jobs than 100,000 people are thought to have lost theirjobs so than 100,000 people are thought to have lost their jobs so far than 100,000 people are thought to have lost theirjobs so far and there are fears of more cars. The reduction that has taken place is so large and so dramatic and it has affected every single product group, like cars, commercial vehicles, which in the previous recession and downturns, was not the case. Tens of thousands of people rely on other factories here to survive but there may be more bad news ahead. The performance of the Auto Industry as seen performance of the Auto Industry as seen as a measure of performance of the Auto Industry as seen as a measure of the economic health. With experts calling this the worst downturn to ever face the sector, there are serious concerns about the state of the economy as well. Apple has apologised following revelations that it paid third Party Workers to listen to voice recordings of users, a practice known as a grading, has been used by several tech firms as a way of improving speech recognition. Apple, google and microsoft have stopped such work. Bolton wanderers has been saved from collapse after the ta keover of saved from collapse after the takeover of the ligue1 saved from collapse after the takeover of the ligue 1 team was completed after protracted negotiations. Administrators had what the club could have been placed into liquidation if a deal was not struck. Lets take a look at the asian markets, some of which have opened. The nikkei is completely flat as the all ordinaries in australia. Still a lot of nervousness around what is happening in the uk, and particularly over us china talks. Thats it. This is bbc news the top stories this hour thereve been protests and widespread criticism of the British Government as it ssuspends parliament for nearly five weeks, in the run up to brexit. The moves being challenged in the courts, but the government maintains mps will still have time for a proper debate. Bolton wanderers has completed a takeover deal which will save it from collapse. Administrators announced that the company Football Ventures had bought the league one club, which has been struggling financially for months. On tuesday bury were expelled from the english football league, after a takeover bid fell through. Heres our sports editor, dan roan. Theyre the fans left without a club. With burys hopes of League Survival washed away, they gathered at gigg lane today to try and take stock of the news. 134 years of history brought to an end, a community in shock. Its a bereavement isnt it . Youre losing part of your family. I have a sister who hasjust been diagnosed with alzheimers. I used to bring her here, and thats the only thing that she could really accept. Theres none of that now. Yesterday, there had been hope the club could be saved, volunteers getting the stadium ready for the weekend. But their efforts were in vain as prospective buyers backed out just before a deadline. Anxiety turning to anger towards the clubs owner as pleas for a last ditch reprieve came to nothing. All we want dale out said we want dale out burys captain neil danns now finds himself without a club. Today in a cafe next to gigg lane, the midfielder told me the crisis must serve as a wake up call for footballs authorities. When a club exchanges hands i think it should be a lot more stringent. It should be looked into a lot more and theres a lot of people that need to have a look at themselves. Throughout the game, notjust here . Yeah, throughout the game. You see it happening at other clubs now and i think its something that needs to be revised. Today, the woman forced to finally pull the plug on bury admitted the leagues rules on new owners would now be reviewed. This is a devastating situation. I accept that we need to look and we need to learn lessons from it. But do you accept youve failed . What i accept it as that we operated within the regulations that are there laid down and we will go back and discuss those with the clubs and look at it. But tonight, some good news. Bolton wanderers avoiding liquidation and expulsion after a takeover deal was finally completed. Absolutely amazing. Just chuffed to bits. Relief. He can sleep at night now. Hes not been able to sleep the last couple of nights. The fact that this club has been saved tonight will be a source of huge relief. But given burys fate just a few miles away at a time when the top of the sport has never been richer, its unlikely to stem mounting concern that something is fundamentally wrong with club finances and football governance. Dan roan, bbc news, bolton. Hello, im Eleanor Roper and this is sport today, live from the bbc sport centre. Coming up on this programme swiss superstar Roger Federer fights back from losing the first set, to beat Damir Dzumhur in the us open. Guangzhou evergrande play out a goalless draw with kashima antlers in the first leg of their Asian Champions League quarter final. And its a good day for spain at the vuelta, with a home rider winning stage five. Hello and welcome to the programme. We start with tennis on a rain affected day at flushing meadows. Play was abandoned early on the outside courts, but it was business as usual on the show courts which both have roofs. Roger federer was unaffacted by the weather and goes through to the 3rd round of the us open. He was off to a shaky start and had to come from a set down to beat Damir Dzumhur. Federer made 17 unforced errors in the first set which the bosnian took 6 3. But federer whos bidding for a 6th us open title went on to dominate the rest of the match against the world