painted by ancient humans, is the oldest known in the world. following a series of fatal stabbings in london. powers, including stop—and—search. now on bbc news, live to singapore for asia business report. end for asia business report. attorney general in the wake of the us midterm elections. us midterm elections. and samsung's folding phone. folding phone. foundation of the smartphone of tomorrow. welcome to asia business report. i am sharanjit leyl. in the wake of the us mid—term elections. elections. further us tax cuts hit the dollar and sent treasury yields lower. and sent treasury yields lower. donald trump fired attorney general jeff sessions. jeff sessions. investigation that has been dogging the white house. —— recused. wall street, all of the indices up over 2%. wall street, all of the indices up over2%. over2%. why investors were so pleased with the outcome. the outcome. are not seeing them today —— here is a statistic for you. a statistic for you. always say hate uncertainty and this is the outcome they were predicting. is the outcome they were predicting. investors will have time to adjust to whatever they want to do. to whatever they want to do. which changed healthcare here in the united states, will be repealed. united states, will be repealed. stocks some of the biggest gainers today. today. this contributed to this really good us market performance. us market performance. something, and that something is infrastructure. infrastructure. support so that could also be something that pleases investors. something that pleases investors. could help a few of these construction firms. construction firms. is the result that us investors wanted. wanted. anticipated foldable phone in san francisco. francisco. giant describes it as the foundation of smart phones of tomorrow. of smart phones of tomorrow. well, is it? is it? the bbc‘s tech reporter took a look. working on for the last five years and today they made it official. and today they made it official. back in 2013 they were not entirely sure what it would look like. sure what it would look like. would it be something that folds or rolls? it be something that folds or rolls? today we have the answer. second screen that functions as a smartphone. smartphone. physical device held up on stage, they kept the lights quite low. they kept the lights quite low. there's not much more we know beyond that. that. why they need developers to get on board now. board now. mass—market device as you would expect. expect. videos, and really taking advantage of it, will like it —— enthusiasts. almost 80% of payments were made in cash. cash. payback, which runs india's largest loyalty programme for customers. loyalty programme for customers. bbc spoke with the ceo of the company. company. shoes — so the first time you put them on, it is itchy. them on, it is itchy. if you put them off, you won't try them again. them off, you won't try them again. but if you stay, you will love it. and i think that is a very nice characteristic of the indian market. characteristic of the indian market. in the right channel to the exact right customers. right customers. integrate in the channels of partners. partners. e—commerce market — you have players like amazon entering india. like amazon entering india. payback looking at more online retail stores than off—line? retail stores than off—line? hand, organised retail is only 10% of the market. of the market. or the whole travel industry —— high frequency. frequency. reward system compete with a cashback incentive? cashback incentive? off, 20% off, so you have that once, you forget it. you forget it. because they have offers over our marketing platform. the ceo of payback. payback. the indian government initial goals on demonetisation have been met. on demonetisation have been met. she joins me now in the studio. joins me now in the studio. welcome to the programme. to the programme. of impact did demonetisation have on the economy in india? the economy in india? we know that it slowed initially. it slowed initially. looking back, what can we see? what can we see? has since been revealed, it seems likely impact has underwhelmed. likely impact has underwhelmed. at least, on the initial goals. least, on the initial goals. did slow quite sharply, a quarter after demonetisation was announced. after demonetisation was announced. some of the sectors don't really feed into growth as yet. feed into growth as yet. so since then the economy has gotten better. then the economy has gotten better. were twin shocks in the period of 18 months. months. since then growth has kind of stabilised. of stabilised. terrorism, so how has he done on those goals? those goals? discussion, some of the impact hasn't been as desired. hasn't been as desired. shock and awe in fact, soon after we were back up —— so one year out. were back up —— so one year out. suggest the banknotes are up, rather than two years back. than two years back. itself might not be the right decision. decision. of these apps and we saw that as well. well. i have just been told i am at a time! a time! i am going to have to wrap it up. it up. thank you for watching asia business report. you're watching bbc news. with reporters at an ill—tempered press c0 nfe re nce . in the 2016 election. and warned that it sees little improvement in the coming months. which would see 100 shops shut by 2022. with 32 million people visiting their stores a year. our business correspondent emma simpson reports. with yet another drop in sales. holly willoughby‘s been drafted in to broaden its appeal. getting it quite right. jumper, and they have not got my size in stock. seem to have. i like at all. so i'm really disappointed. i can't tell you what i've got today. but i got what i wanted, thank you. giving customers what they want. this business is now focused on change. going to make m&s special again. to five—year plan, and we're really just trying to fix the basics. the worst for years. premium products, which got too pricey for some. the company's promising they‘ re getting cheaper. m&s doesn't just have christmas on its plate. it's in the midst of yet another turnaround plan. and it needs to attract younger shoppers. that they do business. on the high street. no quick fix. emma simpson, bbc news. here is sport today. live from the bbc sport centre. juventus in turin and hand the hosts a first defeat of the season. test against sri lanka. as hanoi is announced as a new venue. goals againstjuventus to win 2—1 in turin. of winning group h, with two matches remaining. into the second half. hand jose mourinho's side all three points. matches played across all competitions. they are a top team for many years now. they have got... that player. they want to win everything. they can win everything. can win everything. didn't play big matches like these in the champions league. so it is a different... it is a different situation. situation.

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