More on our web site bbc. Co. Uk news and the news app. Now on bbc news, live to singapore for Asia Business report. Feeling the pain of an expense that garbled. Doesnt gamble. Softbank reporting its first quarterly loss after a decade after bailing out wework. Hoping to make progress on an eu china trade deal. Its wednesday good morning, as are, hello world. Lad you could join us for this edition of Asia Business report. Im regular hes on. Lets kick off the programme with softbank because it is expected to report its first quarterly loss for a decade. It bailed out wework recently. The firm, which softbank now controls has plummeted from 50 billion in value tojust 8 has plummeted from 50 billion in value to just 8 billion in 2019. Vivian nunes has more from new york about softbank latest challenge. From my property to a humiliating bailout, wework faced a cash crunch last month and still softbank came to the rescue. Now investors will be looking at how much damage wework has caused to
The Prime Minister sets out a new, three tiered system of restrictions across england to try to get coronavirus back under control. For much of england, theres no change only Liverpool City Region is placed under the most severe restrictions. There, pubs and bars will close. It follows a dark warning from the nhs. If we do not take measures to control the spread of the virus, the death toll will be too great to bear. But in other areas with very high infection rates such as the north west, the Prime Minister hasnt put them in the most severe category. There are changes, though, to nottinghamshire, east and West Cheshire and a small part of the Peak District, which will have some additional restrictions. This is not how we want to live our lives, but this is the narrow path we have to tread between the social and economic trauma of a full lockdown and the massive human
and indeed Economic Cost of an uncontained epidemic. The Prime Minister, back in the commons, with news he did not want
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