04/06/2014 World Business Report


04/06/2014

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Those are the latest headlines from BBC News. Now for the latest

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financial news with Sally Bundock and World Business Report. President

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Obama and his counterparts from the G7 meet in Brussels. The leaders

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will grapple with Europe's reliance on Russian energy. And the race to

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create the ultimate tracking device that can find quickly lost aircraft,

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IATA tells who is working on new technology. Welcome to World

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Business Report I'm Sally Bundock. Also in the programme, Thailand

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announces measures it hopes will stabilise its economy following

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months of political unrest. But first of all, let's talk about the

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G7 meeting. G7 leaders gather in Brussels for a meeting, with one

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obvious absentee, President Putin of Russia. The venue had to be moved

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from Russia following the annexation of Crimea. The fallout from that

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event continues to cast a long shadow, not least in Europe, which

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is now more conscious than ever of its dependence on imports of Russian

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gas. What can be done? The BBC's Philip Hampsheir caught up with

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European Energy Commissioner Guenther Oettinger, to find out

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whether the boom in production of shale gas in the US is the answer to

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Europe's problems. The crisis in Ukraine will cast a shadow over

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today's G7 meeting. Concerned Russia could hold gas supplies will see

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energy security pushed to the top of the topics discussed. The EU energy

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Commissioner Guenther Oettinger says supplying gas from fracking in the

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United States to Europe will be one key open question. The open question

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is, is the US government willing to export shale gas to perhaps Europe

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or in competition with Japan. An exchange of views with Japan, but

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let me say, G7 is more or less high political round table to have an

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exchange of views. The US and EU have to solve our problems. They

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have to hold their level of security supplier on their own. Discussions

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to find a resolution between the EU and Russia continue. In the

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meantime, Europe is busy trying to find alternative ways to keep itself

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supplied with gas. And today, any announcements out of the G7 meeting,

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it can be sure we will keep you up`to`date on the BBC on television,

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radio, and online. But now focusing on Thailand. Thailand's military

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rulers have announced a series of emergency measures aimed at averting

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an economic crisis, two weeks after taking power in a coup. Ali Moore is

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in our Asia Business Hub in Singapore. They are quite a broad

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range of measures, aren't they? Ther are. We don't have a huge amount of

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so`called urgent proposals that are so`called urgent proposals that are

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being discussed. `` there. They include a price guarantee on fuel

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and an offer of Logan `` loan guarantees for small businesses.

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High`speed rail routes are also contemplated. They also say they

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will have a look at the backlog of investment applications worth more

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than $20 billion. The coup leaders have been quick to focus on the

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economy, I guess that is no surprise when you consider how the recent

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political turmoil has affected confidence. It is a far shakier

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economy than the one the generals ran last time there was a coup eight

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years ago. There are high levels of consumer debt, and overall the

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economy shrank just over 2% in the first quarter. As well, there is a

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real domestic imperative a close Thailand's economy is not return to

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health, the coup leaders know there will be more opposition to the coup

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on their hands. So they started with popular moves by capping the price

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of cooking oil and diesel fuel and making overdue payments to farmers.

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But it is a difficult road ahead for the country's new leaders. Thank

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you. We will keep an eye on that. IATA has identified 30 companies

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that could provide new tracking systems to prevent aircrafts from

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going missing. At the final day of the air transport association's AGM

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in Doha, Safety officer Kevin Hiatt told journalists that new practices

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are needed because aircraft technology is outpacing air traffic

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control technology. He confirmed that he expects an Aircraft Tracking

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Task Force to have solutions of how best to constantly monitor planes,

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within four months. He spoke to Mark Lobel, who is in Doha for us. We

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need to fill the gaps basically in the non` radar environment, to put

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it simply. We have to look at those areas where we need to track the

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aircraft where it isn't under surveillance, for instance, the

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polar regions. They're covered over different parts of the oceanic

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regions, the Atlantic, the Pacific, over into all of the Indian Ocean

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region, and then there are some regions over landmasses. You have

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upper areas of Russia and areas within China. And also areas within

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Africa that don't have coverage. What is the solution? Herath so many

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options on the table, but you need to decide by September `` air are so

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many options on the table. You also said there are technologies out

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there. Is it a question of choosing or inventing? It is both. There are

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short`term, mid term, and long`term options. We can't rule out new

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technology as it is coming at us at the moment, and say we are not going

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to consider that. There might be some options coming up in the future

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that will be even better than what we are doing now. But we do note

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that we have aircraft today which have almost exactly what is needed,

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but maybe not all the pieces yet. So therefore, again, those near term,

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mid term, and long`term solutions. Is there something you'd like your

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computer to do that it can't do now? Well, there's a myriad of new

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inventions on display this week in Taiwan, at Asia's biggest computer

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and technology show, Computex. Cindy Sui is there. At Computex, we are

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getting a glimpse of the trends and technologies which will shape the

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industry in the coming months. These technologies don't apply only to the

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office, but the home environment also. With me is Intel's Sanjoy. He

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is going to show me how it works. What we have here is a 3`D camera.

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We have embedded into the notebook and it has a great advantage. We are

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sitting in the bedroom and I want to have a meeting, but I don't want

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everyone to see my bedroom. So what we do is, using this technology, I

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can extract the background and replace it with my work. And, no`one

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can see your messy bed or your kids or anything. Exactly. Tell us what

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we have here. Here is another example. Let's you are in the

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kitchen and your cooking and you don't want to do to your computer.

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Let's say my hands are dirty, what I am going to do is walk up to the

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computer, put my head in front of it and then, I can move the screen

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around using my hand. I can pick a certain menu, open my hand and all

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of a sudden it will open the page and take me there. Without touching

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the screen. Yes. I don't have to deal with getting the computer

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dirty. I can't stand so many cables and wires, do you have a solution?

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We do, we have Intel wireless charging. You can put down a

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notebook or a tablet or phone on a table like this and it will start

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charging automatically. OK. This is no ordinary table, is it? It is an

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ordinary table, but what we have done is we have taken a regular

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table and put coils on the bottom of it. We have designed a kit that will

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allow anyone to do that. If you have a wireless charging notebook or a

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tablet or phone, you can put it on and it will charge those devices as

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soon as you put it on. So I can show you the example of what it does. If

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you look at this table, what it has done is it has created a... It is

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lighting the lights where the charge is quite so you can see where the

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charge is happening. Just three of a vast array of products that reflect

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a growing trend of making technology user`friendly and practical for

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consumers. I want my computer to make me a cup of tea. Anyway, let's

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read some more stories. Australia's economy grew 1.1% over the last

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quarter, and 3.5% for the year. That's the fastest pace in nearly

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two years. It follows moderate consumer spending and booming

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resource exports. The Australian dollar has risen on the strong GDP

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number. The US is slapping additional import duties of up to

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35% on Chinese made solar panels. The new levies are set to escalate

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the trade war in the industry that began in 2012. The changes are in

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response to claims Chinese exporters have been avoiding earlier tariffs

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by outsourcing production of cells to countries like Taiwan, before

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assembling them in China. So the markets today. In Asia, a little bit

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flat. I don't forget we have had strong gains for two days in a row.

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There may be some profit taking going on. I want to show you the

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close in the United States. A slightly negative, flat finish

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their. I will see you soon. `` finish there. Technology that alerts

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