has been held in london. stay with us. has been held in london. stay with us. we will be back with the rest of the news of the date the first year is the business news. —— news of the day but first year is the business news. as toshiba prepared to give its earnings a day, weaves find out why japan getting crushed. and we've zoom in on the online market in india. hello and welcome to asia business report. fox climb has reportedly signalled it could launch a $27 billion bid for toshiba chip business. they are due to report their own inflated today after two previous delays. toshiba is currently trying to sell off its prized chip business to cover losses from its troubled us nuclear unit, westinghouse. it is not the only japanese firm to struggle recently. these were the greatest brands in consumer goods for decades. toshiba, panasonic, sony, he tai chi. so how did we end up here? first of all, the chinese and koreans came along and they can make these things just as all but much cheaper. secondly and perhaps more importantly, these companies lost their mojo. i forgot how to innovate. the country that invented a walkman did not go on to invented a walkman did not go on to invent the smart phone. inside a vast exhibition hall, over 3000 new route crudes are being inducted into one of japan's big route crudes are being inducted into one ofjapan‘s big corporations. —— new recruits. these people can expect to see it banned their whole career in this one company. it will become their second home. they expect to work hard and with long hours and wait their turn for promotion. it is a model that has worked well for japan in promotion. it is a model that has worked well forjapan in the past but it has problems. in this rigid corporate hierarchy, promotion is based on age not on talent. it is a culture that is resistant to change and bad at producing new ideas. japan's big corporations realise they had to change to survive. toshiba decided to bet on nuclear. in 2006 it went out and purchased a westinghouse. five years later, this happened. this is me inside the planned four yea rs this is me inside the planned four years ago. this changed everything. many countries decided they did not wa nt many countries decided they did not want anything to do with nuclear power. those who did insisted any new plants must be much safer and because of that they would be much more expensive. that is the root of toshiba's current financial disaster. toshiba is not alone. 0ther disaster. toshiba is not alone. other famous japanese names have been through deep crises. last year sharp was sold to a taiwanese company. and now toshiba will be broken up and its best plants sold off to the highest bill. the top e—commerce firm in india has raised 1.4 billion dollars in its biggest everfunding 1.4 billion dollars in its biggest ever funding round. the 1.4 billion dollars in its biggest everfunding round. the news comes amid speculation that they are looking at a potential takeover of a smaller rival, snap deal. what does this tell us about e—commerce in india? india's flip cards is getting bigger and bigger. less than three yea rs bigger and bigger. less than three years ago it purchased an online fashion retailer and last year it took over another company. now it will own the ebay operations in india with as ‘s it is an talks to buy at another one. small players are selling out to bigger ones is getting bigger in the e—commerce space. as far as this deal is concerned, ebay will continue to operate as an individual entity here in india although it will be owned by flipcart. ebay will invest $500 million in exchange for a stake in the company. the two firms have signed a cross—border trade agreement which means that users of flipcart here in india will have to the global infantry of ebay and customers on ebay will be able to purchase goods from flipcart. this was part of a fundraising announcement from flipca rt was part of a fundraising announcement from flipcart where the company said it had raised $1.4 billion from three global giants, apart from ebay they include 10 cents and microsoft. the money is hugely important for flipcart because it is engaged in a fierce battle with amazon for market share here in india. it is also an important development for the sector because we have recently seen many e—commerce companies in india struggle to raise cash. in other news:, a struggle to raise cash. in other news: , a japanese car maker, struggle to raise cash. in other news:, a japanese car maker, toyota, has announced it is spending $1.3 billion on its planned in the us state of kentucky, parts are plans to invest $10 billion in the country. it months after our president can't threatened a border tax if toyota did not make its cars in the united states. and staying with the auto sector, ford has partnered with amazon to integrate the voice assistance into the latest line of cars. it includes the ability to remotely start your car by voice command. 0ur correspondent went to check it out. alexa, asked my carfor alexa, asked my car for its tyre pressure. the tyre pressure is not currently showing any warnings. ask my car to start. 0k. say your pin number. 5678. sol so i tap here? could you continue reading my audio book. sol so i tap here? could you continue reading my audio book. so i can pick up reading my audio book. so i can pick up from where i was at home. find the nearest coffee shop. here are a few nearby cafes. i wonder if people will wonder what alexa is thinking rather than what is ahead of them on the road. as a driver we want to make driving safer so we can driver we want to make driving safer so we can be in safe. for information and entertainment on the road you can use the voice, the safe st road you can use the voice, the safest way to interact with the car in general. a voice-activated car. what will they think of next? the logistics industry could be set for major changes due to a large number of deals that appeared to be moving ahead. just this week we saw a page and a made an offer to purchase cw t. and late last year at a singapore sovereign wealth fund offered to buy out a european firm. the logistics in amazon looks to expand further into china. what drives all of these changes? i asked that question to an industry analyst. logistics is an ever consolidating industry but i see these things as three different events. 0ne see these things as three different events. one is an aspiration of china to manage everything within without china. so that leads to very position. as the acquisition of the other company, a strategic investment aimed at generating more returns. i would put these two things into different categories. logistics is definitely going to be a very exciting industry and we will see more and more consolidation. a very exciting industry and we will see more and more consolidationm is going to be. will there be lots more consolidation? are there still deals for investors? definitely. there are good deals in areas such as dangerous goods and handling which are dominated by smaller players. the bigger players do not have a big footprint in these areas and soa have a big footprint in these areas and so a good acquisition target. both have a look at the markets because some of the asian markets have opened. the chipjapan market opened down, due to concerns and nervousness about the tensions in the region, particularly in north korea and sentiment dampened by a stronger yen. you are watching bbc news. let's bring you up—to—date with the headlines. foreign ministers from the g7 group of countries are meeting in italy to discuss the warring syria and russia's role in the conflict. south korea and china agree to take strong action against north korea if they test another nuclear device or an intercontinental missile. police in manchester so the number of people abusing a drug called spice has reached epidemic proportions and it is putting pressure on public services. they say they had to deal with around 60 incidents on the weekend and have now launched extra patrols. slumped, zombie—like and barely conscious. we're told he's just taken spice. another man metres away with similar symptoms. and everyone we speak to on the streets knows where to get it. around the central area, just round anywhere, really. just anywhere. some in this drop—in centre for homeless people say they've felt the effects. just like chill but, like, you're in space and then one minute you're taking it and the next you get hooked and lose control. and others say the problem's not going away. it's a lot worse now than it was before, a lot worse. the reason why they're on this spice is because it is cheap. it is only £5 bag, weed is £10 a bag, so they're all going for the spice because it's cheaper. the drug is a synthetic form of cannabis but can be much more potent and is highly addictive. after being made illegal last year it is now sold on the streets. spice is a drug often associated with people sleeping rough. but police tell me it affects people of all ages all over the city and the problem is getting worse. the force says it received nearly 60 spice—related calls over the weekend causing a drain on resources. there was a number of areas round here such as primark, the fast—food outlets like burger king, round here mcdonald's, and morrisons where there were groups that had congregated and participated in spice and the reactions were quite adverse. at the moment our attention is being focused on the safeguarding and dealing with the users. where actually we want to be doing more work against the dealers, and that's where our focus will be over the coming weeks. i spoke to one paramedic who confirmed the symptoms we'd witnessed. people becoming very spaced out, very odd behaviour, collapsing to the floor or being stuck in one position. what we're seeing is someone's behaviour getting to such a level that they are physically trying to attack our staff. here in manchester, as another man colla pses, here in manchester, as another man collapses, there is little sign that this problem is going away. hello, this is sport today, live from the bbc sport centre. coming up on this programme: edgardo bauza has been sacked as argentina coach with their world cup qualification campaign floundering. the pressure builds on arsene wenger as his arsenal side are beaten 3—0 at crystal palace. plus the usa, canada and mexico announce a joint bid for the 2026 world cup. argentina's football association has sacked edgardo bauza as coach of the national side as they struggle to qualify for next year's world cup. argentina are currently fifth in south america's qualification table and only the top four are guaranteed a place in russia.