The magic 7 . Will indias latest growth figures deliver . We will look at factors affecting Indias Economic potential. Trade deals you can sink your teeth into. I know about the possible impact of the changes to the American Free trade agreement. North American Free trade agreement. Good morning, a ship. Hello, world. Its a monday, the start of a new trading week. Glad you could join us for another exciting edition of Asia Business report. Im rico hizon. We take a look at the markets and its going to be an busy week when it comes to Economic Development in asia. Here is what we are tracking. We start off with india releasing its latest Growth Numbers for the three months until december. Also on monday, the latest indicator on chinas Manufacturing Activity. And Jerome Powell makes his first major appearance as fed chief in front of congress. The market only looks at that possibility although the ranger now its about a 6. 5 7 gdp numbers. Generally, its improving from october to december period. Rate remains to be seen the. Do you think the chinese forecast is for it to slow down . Is it likely to reflect to Manufacturing Activity this month . This could really be the case. There are some chinese distortions but i think the numbers the macro expansion territory, the market should not be too. The government is focusing on more Sustainable Growth moving forward, so Sustainable Growth moving forward, so that current number should not matter too much. For manufacturing. All eyes will definitely be on new fed chiefjerome all eyes will definitely be on new fed chief Jerome Powell this all eyes will definitely be on new fed chiefJerome Powell this week. Will he basically say what was already said in the minutes of the previous month . Higher inflation and potentially three or four rate hikes in 2018 . I think he is one who Will Champion continuity, in this case we focused on inflation. In upbeat sentiment towards growth. I dont think theres going to be too much ofa think theres going to be too much of a surprise to the market. The respect of the volatility we are seeing. It will be something to look at. Indias reportedly looking for government backing for a project in wales. Lets cross over to delhi. Do you think this will materialise . Thank you. We are looking at about 4000 jobs in at the moment. Even as tata steel is going ahead with the merger. Looking at tata steel seeking £60 million from the uk government, thats the uk tax payers money. This, they feel, is essential to keep operations up to speed. And isnt it addition is in addition toa isnt it addition is in addition to a £30 million that was also invested by tata steel last year. Port talbot has been at the centre of negotiation with the uk unions for tata steel and this, when it announced his plans for its merger, they were worried about the risk of job losses. That time, it was agreed that about 1 billion would be invested, given the market conditions. And now it seems that tata steel wants to raise this money from the uk government according to reports. Official statement is yet to be made. Thank you so much. Our business reporter. In telecommunications, if you want to see the future shape of mobile phones, barcelona is the place to be this week. The industrys biggest annual shindig, the mobile Congress Gets underway today. And some of the newest models have already been unraveled. Take a look at the throngs of people going through the crowd to see the latest mobile phones. Art Technology Correspondent reports that its getting ever harder to make new phones stand out of the crowd. The fastest moving industry on earth is in barcelona this week. But lately, the mobilephone business has hit a speed bump. Smartphone sales dipped at the end of last year and the phone Companies Know they need to get people new reasons to upgrade. Companies know they need to get people new reasons to upgradelj wa nt people new reasons to upgrade. wa nt a ccess people new reasons to upgrade. want access to the internet wherever iam,i want access to the internet wherever iam, iwant want access to the internet wherever i am, i want instant access to everything. If my phone slows down to the point where its not processing the way i need it to, thats where i go get anyone. processing the way i need it to, thats where i go get anyone. I feel like it would have to replicate the iphone a lot because thats the standard. It would have to almost exceed expectations of the iphone. Dont tell that to samsung which believes its galaxy smartphone set the standard. The industrys jackpot the standard. The industrys jackpot the spectacular spud on a spectacular show to release the latest version, which seems very similarto latest version, which seems very similar to last yours model. Getting a high end smartphone to stand up from the crowd is getting ever harder but samsung believes slow motion could be the answer. The camera on the phone can make anything happen about 30 times slower. Another gimmick, you can create an animated emoji that looks just like you. It is this me, really . Well, sort of. Samsung has decided it is the camera and everything it can do that is now keep. We know annually this over a trojan photos shared globally. Today ona trojan photos shared globally. Today on a daily basis, people share 5 billion um oh geez its not just for its notjust for taking photos any more. Nokia continues. This time, another retro phone, the so called banana phone. It seems every com pa ny so called banana phone. It seems every company is struggling to look different. Albeit devices, pretty much black rectangles. Consumers ultimately are going to gravitate towards big brands, the best deals andl towards big brands, the best deals and i think you really going to nothing about replacing the funds as quickly as they used to. Mobile phones are not sophisticated supercomputers offer so much more than just calls and text. Impressing jaded consumers gets ever harder. Negotiators from the united states, canada and mexico will be spending this week reworking the north American Free trade agreement. Us President Donald Trump has threatened to walk away from the nafta altogether if it is not changed in americas favour. Asjoe millerfound changed in americas favour. Asjoe miller found out in changed in americas favour. Asjoe millerfound out in his locker diner, winding back nafta could be very messy indeed. In his local diner. Donald trump talks a lot about trade deals. In case you missed it, hes not really a fan. Every trade deal we have is horrible. He claims they take away from americanjobs horrible. He claims they take away from american jobs and really hurt american producers and farmers. But one thing we know the president is definitely a big fan of is the all american burger. But the thing is, this burger is really only made possible thanks to nafta or the north American Free trade agreement. And thats the very agreement that the Trump Administration is currently in the process of renegotiating. Just to give you an example of how complex that is, take the beef from this burger. American farmers grow the beef from this burger. American farmers giow corn. The beef from this burger. American farmers grow corn. They send that corn into mexico, to canada. Ranchers there use that to feed the cattle him about 2 million cows to be processed. The bun is almost certainly made with canadian wheat. Youve got your tomatoes, your lettuce, they are almost certainly from mexico. And if you like mushrooms on your burger, which i quite frankly think is a crime commitment again depending on the variety could come from any of the three countries. And no burger is com plete three countries. And no burger is complete without french fries, which believe it or not, probably come from canada because canada is actually one of the Worlds Largest exporters of frozen french fries. Renegotiating nafta does not mean this burger ceases to exist but what he might do is take a complex dish and make it even mark up located. For now, im quite hungry. Make it even more complicated. Me too. Im really getting hungry. Ready for my breakfast. Lets have a quick look right now at the markets. Currently all asian entities are in positive territory. This is after us equities rose on friday. Thank you so equities rose on friday. Thank you so much for investing time with us. Your im rico hizon. Sport today is up your im rico hizon. Sport today is up next. Four people are in a Critical Condition in hospital, after an explosion and fire which destroyed a shop in leicester. Police say there is no indication of terrorism. Tom burridge reports. The chaotic scene after locals heard and felt a large explosion which destroyed a building near Leicester City centre. John alexander is a bbc journalist who lives nearby. city centre. John alexander is a bbc journalist who lives nearby. I was sitting in my front room. Ifelt a huge shock. It felt like the roof was coming in or something had exploded. Once i checked that my house. I ran straight up the front door, right up the street and debris and rubble all across. Then a large fire in the area where the building stood. This a main road in leicester 110w stood. This a main road in leicester now the scene of the police a major incident. East Midlands Ambulance service said they have taken several people to hospital. Its unclear if there are more casualties. Reports suggest the explosion happened in a polish shop which had a flat above it. Neighbours felt their homes shake from the force of the explosion. Here, people helped paramedics treat the injured. Fire ciews paramedics treat the injured. Fire crews have been searching the wreckage of the building. Because of the explosion is still not known. Tom burridge, bbc news. Our correspondentjeremy ball sent us this update from the scene. The explosion happened just after 7pm this evening. We are on the main hinckley road, one of the main roads out of leicester. The explosion is actually destroyed whats been described as a polish Convenience Store the hind is here. Its of course a massive disruption here. Lets talk to john course a massive disruption here. Lets talk tojohn alexander, who lives down the road that here. heard a little explosion and then felt a tremendous shock to the house. It felt like it was going to bring the ceiling down. What did you see when you came down here . bring the ceiling down. What did you see when you came down here . I saw, the first thing that i saw was a shop that had been destroyed that had taken up the bus shelter opposite it. And pretty quickly after that, a fire started. As you can see, the Emergency Services are still here. This incident has been going on for hours now. We know people are been taken to hospital. We have seen people are been taken to hospital. We have seen rescue people are been taken to hospital. We have seen rescue dogs going into the scene. We understand that that search and rescue team searching the wreckage now to see. Its not and to that search and rescue operation is finished we will find out exactly what this explosion happened. And you can get a lot more on that story on our website. Time now for all the sports news in sport today. Stay with us. Hello, this is sport today, live from the bbc sport centre. Coming up on this programme. Manchester city defeat arsenal in the English League cup final to claim the trophy for the third time in five years. In the premier league, Manchester United return to second after Romelu Lukaku and Jesse Lingard goals helps secure a vital2 1win over chelsea. And a final farewell to the 2018 winter olympics, as the closing ceremony takes place in pyeongchang. Hello there and welcome to the programme, where we start with the footballing news that Manchester City have won their first silverware under manager Pep Guardiola with a comprehensive 3 0 win over arsenal in the League Cup Final at wembley on sunday. It was a dominant performance from city who took the lead through Sergio Aguero in the first half, his 199th goal for city in all competitions. City made sure of the trophy with two quick strikes in the second half, the first from vincent kompany, and then another from david silva as arsenal looked in danger