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jury was still considering other charges. Those are the headlines. | :00:00. | :00:00. | |
Now on BBC News, all the latest business news live from Singapore. | :00:00. | :00:17. | |
Google unveils android TV, four years after its last attempt at a | :00:18. | :00:23. | |
video service failed. And General Motors Hawke Sayers of its | :00:24. | :00:30. | |
top`selling Chevrolet, `` halt sales, due to defective airbags. | :00:31. | :00:37. | |
Welcome to Asia Business Report. There is fierce composition among | :00:38. | :00:40. | |
technology companies to come up with the latest clever gadget, or at | :00:41. | :00:45. | |
least improve upon existing ones. Google's annual developer conference | :00:46. | :00:49. | |
the tech giant announced plans to bring its Android software to cars, | :00:50. | :00:57. | |
televisions and other things. Our correspondent Richard Taylor was at | :00:58. | :01:00. | |
the event in San Francisco. The keynote presentation here, almost | :01:01. | :01:04. | |
three hours long. No great surprises, although there were some | :01:05. | :01:07. | |
interesting themes and announcements. First off the bat was | :01:08. | :01:13. | |
Android One, I wait for Google to get more smartphones into the hands | :01:14. | :01:18. | |
of people in the developing world in emerging markets. Currently there | :01:19. | :01:22. | |
are only 10% of smartphone users in those markets. And Android One is a | :01:23. | :01:27. | |
way for Google to work with hardware makers to deliver a low cost Android | :01:28. | :01:31. | |
experience, with Google support and software on top. Android One is a | :01:32. | :01:35. | |
big opportunity for Google to increase its presence in those | :01:36. | :01:38. | |
emerging markets. Another opportunity is for Google to put | :01:39. | :01:44. | |
Android not just on mobile phones and on tablets but in smart watches, | :01:45. | :01:49. | |
there will be a range available soon with Android apps. We have known | :01:50. | :01:53. | |
that for a while, but Google showing off some of the capabilities of | :01:54. | :01:57. | |
those devices, how you can talk into them and receive not just | :01:58. | :02:00. | |
notifications from your smartphone but synchronise data and get | :02:01. | :02:04. | |
information from your watch to the phone itself. Now Google's march | :02:05. | :02:08. | |
into the living room has not been altogether successful so far, Google | :02:09. | :02:12. | |
TV was a bit of a disaster, trying to get Google's interface on our big | :02:13. | :02:17. | |
screens. They have rebranded it Android TV. The idea here is as with | :02:18. | :02:21. | |
a lot of other services which exist, a lot of competition out there, to | :02:22. | :02:25. | |
get android running on your TV so you can order movies, or even three | :02:26. | :02:29. | |
double play games. Finally, Google are putting more flash on the bone | :02:30. | :02:34. | |
of its car initiative, Android Auto is a weight of using the guts of | :02:35. | :02:39. | |
your smartphone while you are on the road. So you can get driving | :02:40. | :02:43. | |
directions on your dashboard using your telephone is the hub. What | :02:44. | :02:47. | |
emerged today as the theme is unifying the design across all | :02:48. | :02:50. | |
devices which we might learn from Google. That is your watch, | :02:51. | :02:55. | |
smartphone, television, and car. It is an attempt to try and shed its | :02:56. | :03:00. | |
reputation if you like as being and fragmented system of Google services | :03:01. | :03:03. | |
that we use. Who knows? It may even get Apple users some pause for | :03:04. | :03:12. | |
thought. Richard Taylor. It looks like more bumps ahead for General | :03:13. | :03:16. | |
Motors. The auto giant is halting sales of its Chevrolet cruised cars | :03:17. | :03:21. | |
because of potentially defective airbags so supplied a Japanese firm. | :03:22. | :03:28. | |
They have already seen various defects associated with deaths. It | :03:29. | :03:33. | |
has been fined and faces a series of investigations. The president of | :03:34. | :03:37. | |
General Motors spoke to our correspondent in London. He began by | :03:38. | :03:41. | |
asking him just how much money he thinks that General Motors will have | :03:42. | :03:45. | |
to pay out in compensation. It will be as big as it needs to be to | :03:46. | :03:48. | |
compensate those who lost loved ones or suffered serious as injuries. We | :03:49. | :03:52. | |
have appointed an independent administrator to administrate that | :03:53. | :03:57. | |
from and it independent perspective. He will set the rules for | :03:58. | :04:01. | |
eligibility. `` from an independent perspective. Just this week it | :04:02. | :04:05. | |
emerged from an internal memo that were sent within General Motors in | :04:06. | :04:09. | |
2002 at the board was warned that the company had to stop shipping | :04:10. | :04:16. | |
vehicles that were unsafe. Have you feel about the fact that for over a | :04:17. | :04:22. | |
decade, GM, this iconic American company, was selling unsafe | :04:23. | :04:25. | |
vehicles? Obviously that was a problem. And we are seeing that | :04:26. | :04:30. | |
problem manifested itself and now we are taking action to fix it and make | :04:31. | :04:35. | |
sure it can never happen again. There is massive controversy around | :04:36. | :04:38. | |
the recall issue, is that hurting confidence in the GM brand? If you | :04:39. | :04:41. | |
look at our current sales performance in the US, it is hard to | :04:42. | :04:45. | |
point to an immediate term impact. That does not mean there won't be | :04:46. | :04:48. | |
won at some point. But the fundamental principle of doing the | :04:49. | :04:52. | |
right thing for the customer has put us in as reasonable opposition as we | :04:53. | :04:56. | |
can be. How much is all it is likely to cost? We have indicated initially | :04:57. | :05:01. | |
about $2 billion. But presumably in the long`term with compensation et | :05:02. | :05:05. | |
cetera it will be a lot more than that. We have announced charges so | :05:06. | :05:09. | |
far that have already been up there. It could be some additional | :05:10. | :05:13. | |
costs associated with that. We have a very strong balance sheet today. | :05:14. | :05:18. | |
We have good liquidity and will be able to absorb incremental cost. We | :05:19. | :05:25. | |
expect to have more clarity at the end of the second quarter. The | :05:26. | :05:28. | |
president of General Motors there. China's tough official continues his | :05:29. | :05:35. | |
charm offensive in Taiwan, which China considers our province. He | :05:36. | :05:43. | |
will visit and `` will visit a community centre where he hopes to | :05:44. | :05:46. | |
win the hearts and minds of Tywyn is. He has come up against | :05:47. | :05:50. | |
opposition from protesters who say that such close ties could be bad | :05:51. | :05:53. | |
for business. Our correspondent reports from Taipei `` Taiwanese. | :05:54. | :06:00. | |
With confidence, he arrived in an unprecedented visit to Taiwan. He | :06:01. | :06:04. | |
wasted no time in trying to charm the Taiwanese, greeting well`wishers | :06:05. | :06:11. | |
in the local dialect. TRANSLATION: Hello my fellow friends in Taiwan. | :06:12. | :06:15. | |
My pronunciation may be incorrect, but I am very sincere. Instead of | :06:16. | :06:19. | |
seeing the President, people spend most of his meeting ordinary | :06:20. | :06:24. | |
people, including owners of businesses who fear they could be | :06:25. | :06:28. | |
affected by trade deals with China. Protesters worry about China's | :06:29. | :06:34. | |
growing influence were ready to give him an earful. They chanted that | :06:35. | :06:39. | |
Taiwan's future will be decided by Taiwan. TRANSLATION: We believe at | :06:40. | :06:47. | |
the meeting today they will talk about important issues. But we have | :06:48. | :06:50. | |
no access to the content or the process of the meeting. They will | :06:51. | :06:52. | |
make decisions under the table. We can't accept that. The visit comes | :06:53. | :06:59. | |
on the heels of the student occupation of Parliament in the | :07:00. | :07:02. | |
spring, to stop the legislature from passing trade agreement, Taiwan | :07:03. | :07:08. | |
signed with China. Students and others feared the agreement and | :07:09. | :07:11. | |
future deals would make the island to economically dependent on China. | :07:12. | :07:16. | |
And therefore vulnerable to Beijing's pressures to reunify. | :07:17. | :07:21. | |
Aware of the power of the opposition in democratic Taiwan, he was to be | :07:22. | :07:26. | |
seen as listening to the opinions of the Taiwanese. Analysts say this is | :07:27. | :07:33. | |
It now wants closer relations with It now wants closer relations with | :07:34. | :07:37. | |
Taiwan, no matter who is in power. But Beijing now realises that before | :07:38. | :07:42. | |
stronger ties can be built, it must first ease Taiwanese suspicions. In | :07:43. | :07:53. | |
other business News, Taiwan's Foxcon technology group is suing three | :07:54. | :07:58. | |
companies over copyright in infringements. It filed lawsuits | :07:59. | :08:04. | |
against Toshiba and two other companies. It claims they violated | :08:05. | :08:11. | |
patent in televisions, smartphones, and computers. US regulators have | :08:12. | :08:17. | |
filed a lawsuit against Barclays allegedly misleading investors. The | :08:18. | :08:26. | |
charges centre on a trade called dark pools Dark Pools `` Dark | :08:27. | :08:32. | |
Pools, which allows the shares to be sold anonymously without going to a | :08:33. | :08:36. | |
stock exchange. It is said that the integrity of the markets is a top | :08:37. | :08:39. | |
priority. For more on those stories you can log onto our website, | :08:40. | :08:46. | |
financial institutions are coming up with quicker and ever more | :08:47. | :08:49. | |
convenient ways to help customers pay for products. And services. In | :08:50. | :08:54. | |
turn, criminals are coming up with ever more ingenious ways of | :08:55. | :08:59. | |
stealing. By some estimates, there are $11 billion worth of credit | :09:00. | :09:03. | |
fraud every year. That is a figure that has doubled in the past five | :09:04. | :09:08. | |
years. Earlier I asked a financial crime expert how prevalent the | :09:09. | :09:15. | |
problem is here in Asia. Again, trending the same as we do across | :09:16. | :09:20. | |
the globe, there is more sophisticated criminals, especially | :09:21. | :09:23. | |
in the digital age, and certainly we see within the last year some very | :09:24. | :09:29. | |
sophisticated malware attacks occurring in Asia. So how do you | :09:30. | :09:34. | |
stop the fraudsters? Have been issues in other isolated issues | :09:35. | :09:41. | |
where they haven't been able to protect their consumers. What can | :09:42. | :09:44. | |
they do? Are they doing a good enough job? The innovation which is | :09:45. | :09:50. | |
occurring on the payment side needs to occur on the technology side as | :09:51. | :09:53. | |
well. Really, as we talk about moving across all these devices, we | :09:54. | :09:56. | |
really need to create a digital fraud ranking hub, where consumers | :09:57. | :10:00. | |
can be protected in all interactions. Maryanne Miller | :10:01. | :10:05. | |
speaking earlier. Taking a look at the Asian markets, which are taking | :10:06. | :10:10. | |
their cues from the US which closed higher. Gains for the Nikkei, | :10:11. | :10:20. | |
countered by weak US growth which seems to delay the day that interest | :10:21. | :10:25. | |
rates might rise. That is how markets are performing right now. | :10:26. | :10:28. | |
That is it for this edition of Asia Business Report. You are watching | :10:29. | :10:39. | |
BBC News. These are the headlines: a bomb rips through a busy shopping | :10:40. | :10:44. | |
district in the Nigerian capital. At least 21 people have died, with | :10:45. | :10:46. | |
dozens more | :10:47. | :10:47. |