Brexit delays. The Uk Parliament delayed a crucial vote on the new European Union Withdrawal Agreement on saturday and passed legislation that forced borisjohnson to send a letter to brussels asking for an extension to the october the 31st exit date. This morning, sterling slipped as global currency markets got the first chance to react. Thursday last week it had strengthened after the prime thursday last week it had strengthened after the Prime Minister agreed a revised deal with the eu. Our Asia Business correspondent Karishma Vaswani joins me now from our singapore bureau. Today, monday, once again, it is very unclear what lies ahead so the pound is losing some of that value. Yes, losing some of that value but not all of it. I think that is the main message that we saw from currency markets this morning when they opened up in asia. The first chance for investors to react to what happened in the uk over the weekend. I have to say, trading is usually slow and volumes are feena out in asia so i think we will get a better reaction later in the day as currency markets wake up around the world and in london and elsewhere. What we have seen is a measured, contained reaction from investors out here to the weekends developments. What traders are saying to me is that it is a positive and in some respect, there isa positive and in some respect, there is a possibility of some deal on the table. That is what the investors are taking from this. The delay is why we are seeing a slight slippage in the value of the pound. Of course, all of this have to have the big caveat, as you know better than me. Over the next couple of days, things could be extremely volatile as the various twists and turns of this political story plays out in the uk. Absolutely and some press and others are reading between the lines to say that actually the government could get this deal through parliament. Looking at the numbers within the house of commons and that may bolster stirling as well which would be may be why we have seen such a bigger fall today in asian time. Definitely. One trader put it like this to me that there was a lot of anticipation over there was a lot of anticipation over the weekend that perhaps that deal, when it was voted on, would not go through but actually what we have seen is a relative positive and i know that sounds quite a mouthful, in that sense, but there is a possibility that iris johnson does have the numbers to make this deal go through and that is why you are seeing the reaction in the pound as quite contained this morning out here in asia. I do have to add, however, it is quite interesting that if you look at what the numbers tell you over the three years since the brexit referendum, we had that first boat back injune 2016, you are looking at the value of the pound buying Something Like 150 us cents. Today it is around one. 30. Notwithstanding the volatility we have seen just in the last week or so, the value of the pound has gone down by about 20 cents in down by about 20 cents so, the value of the pound has gone down by about 20 cents in the last three years since the referendum vote. Dealing a fresh blow to a tottering economy full of economists say it underlines the tough road ahead for manufacturers. South korean exports plunged 19. 5 over the first 20 days of october compared to a year earlier. Weak sales to china and frail Global Demand for semiconductors, dealing a fresh blow to a tottering economy. Economists say the figures underline the tough road ahead for manufacturers, with the chips Sector Holding the key for the industrys outlook. Australias qantas has completed a test of the longest non stop commercial passenger flight. The boeing dreamliner with 49 people on board took 19 hours and 16 minutes to fly the more than 16,000 kilometres from new york to sydney. The Australian Airline is expected to make a decision by the end of this year whether to launch the route commercially. I have just mentioned that in south korea we have seen a i have just mentioned that in south korea we have seen a big fall in exports for various reasons. In japan, it is a very similar story stop exports falling for a 10th year ina row, stop exports falling for a 10th year in a row, declining in september compared to the month before. This was bigger than most were predicting and what does this tell us about global trade at the moment . Let us go to Sharanjit Leyl who is also in singapore for us. There is this problem with global trade. It is essentially the trade row between the us and china and japan is one big casualty is the worlds Third Largest economy. No surprise its exports have contracted for a Third Straight month in september. Remember, it is also embroiled in its own trade war in south korea after political relations worsened between the two. Exports have fallen over 5 from a year earlier, as you mentioned, really much dragged down by car parts and semi conduction semiconductor is the Third Largest decline in export since 2015. All of them have risen from this better trade war between the United States and china which has really dark and the outlook for japan and china which has really dark and the outlook forjapan and of course its biggest trading partner we know is china and its exports there slipped nearly devon in september from the Previous Year and that is due to separate 7 . That is due to shipments falling. The japan imposed export controls on the three chemicals crucial to south koreas Semiconductor Industry and that escalating trade conflict could actually disrupt local supply trends even further. Global supply chains. This is triggering calls to some policymakers in japan chains. This is triggering calls to some policymakers injapan that the government should be taking some fiscal stimulus measures if extra economic support is indeed needed. It is interesting because that is what we are hearing around the world. Governments are looking to boost economic growth. There is a real throwdown and that is being felt in domestic economies. Indeed, there are examples right here. Last week we saw china which is one of the main countries being hit by this trade row. It does implicate them. They added some stimulus to the economy as a way to boost this slowdown. It is something we are seeing across the board slowdown. It is something we are seeing across the boa rd and slowdown. It is something we are seeing across the board and we will be watching japan. Of course, it has for yea rs be watching japan. Of course, it has for years had essentially a zero Interest Rate environment so anything it can do to stimulate further will only have limited benefit, many analysts say. Thank you very much, Sharanjit Leyl, based in singapore. Lets change the tune a little bit. When you go to see you favourite band play live, the organisers work hard to mix the audio to sound optimal but have you ever wanted to hear exactly how the individual musicians are playing . Now theres an app for that our colleagues at click checked it out. An amazing system i even let people next to me listen to it but it is like, you have to be very sure of yourself to use that system as an artist. The music is very loud and you have to put that even you have to put that artist. The music is very loud and you have to put that even louder so it is going to be like, in your ear nails nails in nails in your ear nails in your ear fascinating what you can do now. There is no hiding on the stage anymore. If you are having an off day, people can tune into you specifically and you will be found out. Lets have a look at financial markets. We have mentioned the pound, the value of the pound has ticked down a little. We have stocks off to a mixed start in asia. They are trying to digests the latest trade developments and also, will we will be getting a lot of earnings reports this week. There is a long list of big name Global Companies that are telling us how they are faring so that will be a very interesting thing to look at this week. That is your business briefing. The Stormont Assembly will sit for the first time in almost three years today to discuss the decriminalisation of abortion in Northern Ireland. The power sharing government collapsed in 2017. Heres our ireland correspondent chris page. It isa it is a sensitive and personal issue but abortion law in Northern Ireland which is much more restrict than the rest of the uk has generated huge demonstrations. Westminster has passed legislation which means terminations will be decriminalised if devolution isnt fully restored today. Protesters here oppose the changes protesters who oppose it so changes protesters who oppose it so the Democratic Unionist Party has led a move to recall the assembly was not campaigners believe it will send a valuable message. Lets bring this back to the assembly and let area this back to the assembly and let are a lot local elected representatives discuss this because they are our local boys and let them speak because westminster shouldnt be speaking for us. Butjust holding a sitting in assembly doesnt mean the abortion law will stop. That will only happen if they decide to appoint ministers and go back into government together. There is no prospect of such a big rake through. Some politicians who have pushed for change say having a debate at this stage is a sham. I think it is really disingenuous and an absolute standard to have a motion on a debate when we know it can deliver nothing in the chamber on the same day. As well as abortion, there is set to be another big social shift. The new legislation will legalise same sex marriage in Northern Ireland five years after the rest of the uk. They will be more on that story and the very latest when it comes to brexit on breakfast and thatis comes to brexit on breakfast and that is at six oclock on bbc one. This is the briefing from bbc news. The latest headlines borisjohnson is set to make another attempt in westminster to win backing for his brexit deal. Australian newspapers have blacked out their front pages in a coordinated protest against strict new security laws. Now its time to look at the stories that are making the headlines in the media across the world. We begin with the times who report one of the members saying about where were at right now . This is an absolute disgrace that parliamentarians seem to be continuing to play games at the expense of Small Businesses and our members. I have been up and down the country in the past three to four weeks and the frustration and anger thatis weeks and the frustration and anger that is out there already despite the setback we have the lowest confidence for five successive, backwaters thats the first time ever, businesses are on hold until all of this is now played out and if this is the deal on the table i urge parliamentarians to come together to agreed and that smith through to the transition period would Small Businesses have been calling for for so businesses have been calling for for so long. Where hearing again again that Small Businesses are not prepared, then getting ready, whats your take on that . Thats absolutely right, many, many Small Businesses simply cannot prepare in 11 days time foran simply cannot prepare in 11 days time for an ideal exit. Thats going to crash us out on the 31st of october. We need to get into that transition. So we can prepare for whatever is agreed when we get to the trade negotiations and just get this done. So businesses have that single change that they can then cope with. We have to that we appreciate your time, mike cherry, the lead of the federation of Small Businesses. Leicester have a lookup of the papers are saying about all of the papers are saying about all of this. The times reporting downing street is accusing labour of trying to frustrate and cancel
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