Week ago. Eight crowd. A crowd. Fixing a financial meltdown. Samsung electronics looks to rebuild its reputation with its first new smart phone since the exploding battery scandal. Good morning. Glad you could join us for this edition of Asia Business report. We start with toshiba and shares are down less than 1 toshiba and shares are down less than1 in toshiba and shares are down less than 1 in tokyo trade news overnight that it is us unit westinghouse filed for bankruptcy protection. Investors are waiting as Shareholder Meeting due to start shortly. Toshiba are now warns that the delos mao may widen to over 1 billion us because of the problems of westinghouse. It has twice delayed reporting earnings until april 11. And toshiba shares have lost over 60 since it first acknowledged that the problems in december. The Japanese Firm may now look to sell a Majority Stake in westinghouse. Earlier i spoke to rupert in tokyo. I asked him how ha rd rupert in tokyo. I asked him how hard it will be for toshiba to get their finance hard it will be for toshiba to get theirfinance in hard it will be for toshiba to get their finance in order. It will be quite difficult to do that. It faces a large hurdle to get this mess under control. That is why it has filed for bankruptcy for westinghouse in the us, to try and put a barrier between the rest of the one that business and the Westinghouse Nuclear business which is where most of the losses have come from. To do that, it will cost a lot of money. This is why it says it will lend up with, perhaps, a y1 trillion, a 9. 1 billion net loss for the financial year. That puts Toshiba Corporation in a difficult situation because it could be delisted from the tokyo stock market if its net losses are greater than its assets. For that reason, toshiba is looking to refinance itself, perhaps by selling off its Memory Chip Business which is believed to be worth around one 3 billion. That isa be worth around one 3 billion. That is a process ongoing at the moment, looking for purchases to see who Made Step Up Bid for the business. Important decisions are for shareholders. How Will Westinghouse Ba N kru ptcy shareholders. How Will Westinghouse Ba Nkru ptcy affect shareholders. How will westinghouse bankruptcy affect the Nuclear Projects in the uk . In the medium run it looks like toshiba will be getting out of nuclear power. Westinghouse will be restructured. It has ongoing projects in the us, india and china and in the long run, it is part of a Nuclear Project in the uk and it is a 60 shareholder in that. All indications are that toshiba wants to get out of the rut checked as soon as possible. It will not go forward with construction and even now it looks as if they will try to sell their stake in the project as soon as they can. That puts the British Government in a difficult position because now they need to find fresh investors to come in and take over the state of toshiba. The uk Prime Minister has formally kicked off negotiations to leave the European Union. Both sides 110w leave the European Union. Both sides now have two years to agree on a new trade deal. The british Prime Minister wants an orderly exit, nothing like what happened in the Financial Markets after the referendum last year brexit when the pound lost 10 of its value against the us dollar injust pound lost 10 of its value against the us dollar in just one day. The final deal will also depend on what the eu Trading Partners wish for in an new relationship. A lively serenade on one of the busiest Shopping Streets in germany. When it comes to brexit, the mood is more downbeat. A few months ago we thought that would not really happen, it but, well, today, we know better. I was quite sad about it because i have Friends Living in the uk so because i have Friends Living in the uksoi because i have Friends Living in the uk so i hope that the day, as germans, can still live there. |j dont think it will be a good deal in the end. It does not influence my daily life so i dont know how to feel. On one side it is a bad sign, we need to show unity in the world. On the other hand, it is a good sign because it shows that people still have voice in democracy. Down the road, a multinational t Shirt Company is already making contingency plans. Even for its british born boss. Contingency plans. Even for its britishborn boss. In two years time, the uk will be marginalised and for that we will do less business and we will have gone like many other countries, to concentrate on the other european markets such as spain, italy, all of whom are growing fast and are far more valuable to us. Personally, i will probably buy them have become german because i am really a european who wa nts to because i am really a european who wants to do business in europe. Because i am really a european who wants to do business in europem is not all doom and gloom. One specialist shop knows that even brexit cant dampen the appeal of an english cup of tea. In other Business News making headline, a deal between chinas Insurers Group and kushner has fallen through. It was criticised as a Potential Attempt by china to curry favour with the white house. Mr kushner is a Senior Adviser to the white house and the son in law of donald trump. He stepped down as ceo of the company in january. He stepped down as ceo of the company injanuary. They have not said why discussions were called. The past few months have been anything but. Song as has been implicated in one of the biggest Corruption Scandals in south korea. It was forced to recall its Flagship Smartphone after batteries caught fire. It now looks to redeem itself with a new smart phone. Here they are. The long awaited new smart phones from samsung. Aid big home screen, a hidden home screen and their own virtual assistant. Can you tell me more about this wine . Here are the search result. Samsung calls this Phone A Artform but it is still familiar. The Fingerprint Button has moved to the back but there is no official recognition screen unlocking and improve split screen. Samsung is sticking with the traditional headphone jack. It can also dog with a monitor or tv if you still need a bigger screen but after the disaster of the note sevens exploding battery there is no extra battery flower power. We learned a lot lessons with the old phone on the battery. So we have put in new Quality Assurer and processes and controls that we are implementing in the production of the s8. Controls that we are implementing in the production of the 58. It is 61 degrees with sunshine. It is perhaps typical of the newly cautious response that the virtual assistants only speaks us english and korean at the moment. I spoke with a digital co nsulta nt the moment. I spoke with a digital consultant and asked him if a new phone will help the Electronics Giant repair its damaged reputation. Definitely they are trying because this is one of their Flagship Product is due to replace the s7. They have been a good embarking on an aggressive pr campaign. It will be difficult to read brand themselves. Rebrand themselves. Just days before this new phone launched, the Samsung Experience store caught fire under mysterious circumstances that will not help with their reputation. Moreover, every time we fly today, airlines still remind you of the note seven to buckle, that it is a life threatening device to bring on board a plane. Last, but not least, the Customer Services have also been reported to actually tell people not to say anything about the device or talk to any media for any device replaced. The Brand Promise and what they are doing off line on the retail side, well, they are out of sync. They have a lot of work to do to rebuild their reputation. Reputational damage has been huge with the Exploding Batteries of the galaxy note7 and key here is over the next few months it will regain the next few months it will regain the trust of humour and not only that, pressure of releasing a new phonein that, pressure of releasing a new phone in a competitive market. Definitely so. They compete with other major Smartphone Makers so they are under pressure above and below. They are hoping with a successful launch they will put the previous phone behind as a glitch, but a quick look now at the markets and on the motherboard screen, asia is currently mixed in early thursday trade. Opening lower due to the wea kness trade. Opening lower due to the weakness of wall street and investors are waiting for results from toshiba. You are watching Bbc World News and i am babita sharma. Britain starts the process of severing its ties with the European Union as theresa may formally triggers wrecks it and says there is no turning back. The ousted south korean president is due in court to find out whether she will face an Arrest Warrant over corruption allegations. A one minute silence was held yesterday afternoon on Westminster Bridge to mark the moment the Terror Attack began last week. Three people died after being hit by the car he was driving. A Police Officer was also killed. Their anguish and pain so obvious. The family of the american victim, kurt cochran, came to westminster to remember. They mourned his loss together at the place where he was hit and thrown from the bridge. Kurt cochran was the first to be hit when the Vehicle Careered onto the pavement. Teacher aysha frade also died, she had two children. Leslie rhodes was also killed on the bridge, he was 75 years old. The final victim was pc keith palmer. He died despite the desperate efforts to save him. Earlier, at exactly 2 40pm, the moment the attack began a week ago, the familyjoined others on the bridge whose lives had changed last wednesday. They included this man from romania who suffered a broken foot. His girlfriend was thrown from the bridge and she remains in a stable but Critical Condition in hospital. Doctors, nurses and Ambulance Crews were also in westminster, with schoolchildren and representatives of different faith groups. They stopped in silence and solidarity. The memories of last week will have been particularly raw for the metropolitan Police Officers. A group who had lost one of their own. They recalled the sacrifice of pc keith palmer. This afternoon is about remembering the victims of last weeks events. Our thoughts and prayers go out to everyone who was affected by the events last week. It was a moment of calm after the chaos here of exactly one week ago. It was also a united front against the horror and violence of the attack. Thomas here with the rest of the news of the day but now it is time to catch up the sport news of the day. Hello, this is sport today, live from the bbc sport centre. Coming up on this programme last years beaten finalist Kei Nishikori is knocked out of the Miami Masters by the unseeded Fabio Fognini. World number one lydia ko is back to defend her title as the first womens major of the year tees off in the next 2a hours. And Cristiano Ronaldo is immortalised in bronze as Madeira Airport is renamed in his honour. Hello and welcome to the programme. We start with a shock at the Miami Masters tennis. The un seeded Fabio Fognini has knocked out the second seed Kei Nishikori. The japanese player was the runner up last year but was always on the back foot in this quarter final and lost the first set 6 4. The second set was even easier for the italian as he sent the world number four running all over the court to win it 6 2, meaning hes also the first un seeded player to make the semi finals in ten years, and hell play the winner of rafael nadal and jack sock. And Unique Kerber is looking like