Browse content similar to 04/01/2016. Check below for episodes and series from the same categories and more!
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on flood defence work south of the border in and around York. | :00:00. | :00:07. | |
Now on BBC News all the latest business news live from Singapore. | :00:08. | :00:15. | |
Jelly car ban: cars taken off the row to reduce pollution, but will | :00:16. | :00:28. | |
take a difference? And, we look at the latest technology trends -- | :00:29. | :00:39. | |
Delhi. Happy New Year, glad you could join us for this Monday | :00:40. | :00:47. | |
edition of Asia Business Report. It is Monday morning in Delhi and only | :00:48. | :00:54. | |
vehicles with license plates ending in an even number can be on the | :00:55. | :00:58. | |
road. It is the start of a two-week trial to cut pollution levels. | :00:59. | :01:04. | |
Schools and businesses have closed in anticipation of the total chaos. | :01:05. | :01:08. | |
Tomorrow, only odd-numbered vehicles will be allowed. The city has an | :01:09. | :01:13. | |
estimated 8.5 million cars on the road, and it is thought that grows | :01:14. | :01:20. | |
by an incredible 1400 everyday. We often hear about that dreadful air | :01:21. | :01:27. | |
quality in China, but Delhi holds the unenviable title of the world's | :01:28. | :01:33. | |
most polluted city. Holding up these cards, volunteers | :01:34. | :01:40. | |
remind drivers to follow the new experiment, in a bid to curb | :01:41. | :01:44. | |
alarming levels of pollution. Private cars with even an odd | :01:45. | :01:48. | |
numbered plates are being allowed on alternate days. Government has | :01:49. | :01:54. | |
closed schools and diverted buses to ease the extra pressure on the | :01:55. | :01:57. | |
public transport network. But what do people make of it? We need | :01:58. | :02:03. | |
desperate measures like this, it is a good move. Anyone caught flouting | :02:04. | :02:10. | |
it should be fined heavily. If you look at this pollution metre set up | :02:11. | :02:14. | |
outside the Delhi Secretariat, you will understand why the city needs | :02:15. | :02:17. | |
drastic measures to improve air quality. Many people question the | :02:18. | :02:25. | |
effectiveness of this, given the number of people who are exempt, | :02:26. | :02:29. | |
especially over 5 million two wheelers who can contribute heavily. | :02:30. | :02:52. | |
The web-based taxi service Uber has a special service to fill cars that | :02:53. | :03:02. | |
have few passengers. There are several seats in each car, and only | :03:03. | :03:07. | |
two people. That is three cars that can be taken off the road. We can | :03:08. | :03:11. | |
lead people who need rights to these empty seats, and that will solve a | :03:12. | :03:16. | |
problem. Capital city is not alone. India has 13 of the world's 20 most | :03:17. | :03:21. | |
polluted cities, the WHO reported last year. If this experiment | :03:22. | :03:28. | |
succeeds, the hope is that other Indian cities may take to it as | :03:29. | :03:34. | |
well. In other business news, Kia motors | :03:35. | :03:43. | |
reported flat sales last year, which is the first time it missed annual | :03:44. | :03:49. | |
targets since 2008. The South Korean auto giant has been struggling in | :03:50. | :03:52. | |
recent years, with Japanese and American rivals making a comeback in | :03:53. | :03:57. | |
the US, while demand is slowing in China and other emerging markets. | :03:58. | :04:02. | |
But they expect sales to bounce back, thanks to tax cuts on small | :04:03. | :04:09. | |
vehicles. China looks set to have a muted start to 2016 after timidity | :04:10. | :04:12. | |
in the manufacturing sector contract that fought the sixth straight | :04:13. | :04:17. | |
month. There was a slight improvement on the previous month, | :04:18. | :04:27. | |
but it was below expectations. Despite China's economic slowdown, | :04:28. | :04:30. | |
investment in the country's railways only grew last year. $126 billion | :04:31. | :04:38. | |
was spent on rail projects in 2015. This new high-speed rail service has | :04:39. | :04:41. | |
become one of the latest to start operations. China now has 19,000 | :04:42. | :04:49. | |
kilometres of high-speed track. 2015 may well be remembered as the | :04:50. | :04:53. | |
year where Asian countries really stepped up to the global stage. | :04:54. | :04:57. | |
Chinese technology brands continue their phenomenal growth, and Asia's | :04:58. | :05:06. | |
love affair with these applications went even deeper. Steve McGuinness, | :05:07. | :05:18. | |
who heads up a grand consultancy company, believes 2016 will be a | :05:19. | :05:22. | |
good year for the regional brands. For the first time there is a | :05:23. | :05:26. | |
combination of three big fat is. The opening up of the ASEAN economic | :05:27. | :05:31. | |
community, the level playing field that e-commerce gives all the global | :05:32. | :05:35. | |
brands and the smaller brands to fight on an even playing field, and | :05:36. | :05:38. | |
also the growth of the emerging market brands working closely | :05:39. | :05:42. | |
selling to other emerging markets. You have these big brands like | :05:43. | :05:51. | |
Alibaba and Huawei, they have strength in social media, but the | :05:52. | :05:56. | |
big question is making it did in the Western world, in America and | :05:57. | :06:00. | |
Europe. But do they need to make it big in the Western world and Europe? | :06:01. | :06:05. | |
The opening up of the ASEAN market is millions of consumers. If you | :06:06. | :06:11. | |
look at Alibaba, they dominate what they do in China, but this year they | :06:12. | :06:17. | |
are launching their streaming movies and TV channel, which will go | :06:18. | :06:22. | |
head-to-head with Netflix, and China is already the second biggest movie | :06:23. | :06:26. | |
market in the world. Do they need to go battling in the West when in fact | :06:27. | :06:34. | |
by merely playing on their understanding, positioning and | :06:35. | :06:36. | |
dominance where they are, has already made them one of the biggest | :06:37. | :06:43. | |
brands in the world. We also have big brands here in the region, | :06:44. | :06:53. | |
particularly in Singapore, can they make it big in Asia and the world? | :06:54. | :07:01. | |
Absolutely, they already understand the consumer. They understand the | :07:02. | :07:05. | |
Diamond consumer, which is the largest growth market and segment in | :07:06. | :07:08. | |
the world. They understand what people want, how to sell to them, | :07:09. | :07:11. | |
and they already have a local following. | :07:12. | :07:16. | |
No doubt many of you were lucky enough to get a new bit of | :07:17. | :07:19. | |
technology this Christmas. The brains behind it are likely to be | :07:20. | :07:23. | |
heading to the annual consumer electronics show. Much of the talk | :07:24. | :07:28. | |
is about virtual reality, look at this guy with this big thing on his | :07:29. | :07:33. | |
face! And how it might change our lives in the real world. We take a | :07:34. | :07:39. | |
look at what virtual reality is doing so far. | :07:40. | :07:46. | |
In a freezing seller with fake snow under feet I am inching across a | :07:47. | :07:49. | |
crevasse on my way up the world's highest peak. I am getting a demo of | :07:50. | :07:54. | |
Everest, a virtual reality game due out later this year. The headsets | :07:55. | :08:01. | |
and software that deliver VR have come a long way in the last few | :08:02. | :08:10. | |
years. Now, the manufacturers believe gamers are ready to invest | :08:11. | :08:19. | |
themselves in virtual reality. It is a natural progression. It is all | :08:20. | :08:21. | |
about trying to immerse us as much as possible. The next thing is | :08:22. | :08:25. | |
taking us into a virtual environment and locking out everything else so | :08:26. | :08:29. | |
we are focused on exactly what they are trying to tell us. In Kings | :08:30. | :08:34. | |
College Hospital in south London, patients on the children's ward are | :08:35. | :08:38. | |
getting their first VR experience, using this simple cardboard headset. | :08:39. | :08:44. | |
They are taking a virtual tour of the Dulwich picture gallery, one of | :08:45. | :08:48. | |
a number of museums hoping to reach a large amount of people with this | :08:49. | :08:54. | |
experience. You kind of get the feel of being there and seeing all the | :08:55. | :08:59. | |
paintings, it is really cool. Getting into a lift, especially one | :09:00. | :09:06. | |
as old as this, can be a scary experience for some people. Could | :09:07. | :09:10. | |
virtual reality help them to get over their phobia? I have come to | :09:11. | :09:15. | |
see how some psychologists are working with the technology. They | :09:16. | :09:21. | |
have developed a programme that allows patients to try out the | :09:22. | :09:25. | |
experience of getting into a lift. Challenges are you feeling at the | :09:26. | :09:32. | |
moment? About seven. It is not the real world, but I call it a visual | :09:33. | :09:36. | |
experience. You feel your heart beating faster, you sweat, you're | :09:37. | :09:40. | |
creeping changes, you get a physiological reaction that you | :09:41. | :09:44. | |
don't get into 2-D environment. Let's see if it has worked for | :09:45. | :09:49. | |
Helena. I'm quite proud that I'm doing this! You should be proud. Do | :09:50. | :09:55. | |
you think the virtual reality thing has helped that all? Honestly, I | :09:56. | :09:59. | |
would have been taking the stairs about a month ago. | :10:00. | :10:04. | |
Before we go, a quick look at the markets. It is a New Year and a new | :10:05. | :10:13. | |
trading week for Asia. It is currently mixed, with Japan and Hong | :10:14. | :10:20. | |
Kong in negative territory by three points. This is after Wall Street | :10:21. | :10:28. | |
closed for the day in negative territory. | :10:29. | :10:43. | |
Saudi Arabia has cut diplomatic relations with Iran | :10:44. | :10:46. | |
amid worsening tensions following the execution by Riyadh | :10:47. | :10:49. |