:00:00. > :00:00.immigration was costing Britons' jobs. Now on BBC News all the latest
:00:00. > :00:20.business news live from Singapore. New pressures for Malaysia Airlines
:00:21. > :00:30.and Boeing for the relatives of the passengers of Flight MH370. And we
:00:31. > :00:34.take you into the world of virtual reality to find out why Facebook is
:00:35. > :00:43.spending $2 billion on this technology. Welcome to Asia Business
:00:44. > :00:49.Report. Cutting to viewers around the world. Malaysia Airlines and
:00:50. > :00:55.Boeing are facing lawsuits over the missing flight MH370 as the search
:00:56. > :01:00.focuses on images showing a further 122 potential objects in the
:01:01. > :01:06.southern Indian Ocean. A law from any US have filed a court motion,
:01:07. > :01:20.alleging the flight crashed due to mechanical failure. The claim right
:01:21. > :01:27.now is just to obtain discovery of information and that is essentially
:01:28. > :01:33.somewhat of a fishing exercise in order for the law firm to decide
:01:34. > :01:38.what motion to take out for an actual claim on behalf of the
:01:39. > :01:42.passengers. It is an information seeking exercise. Most of the
:01:43. > :01:48.passengers are from China and Malaysia. What do the laws in these
:01:49. > :01:58.countries they about missing persons and taking legal action? Nobodies
:01:59. > :02:02.have been found so far. Death or serious injury had occurred, that
:02:03. > :02:07.depends on individual laws. The number of years before a meeting
:02:08. > :02:15.person is declared deceased is seven years. But Malaysia is a signatory
:02:16. > :02:23.to the Montreal Convention. That allows well requires eight claim to
:02:24. > :02:28.be brought. What does it state in terms of compensation for family
:02:29. > :02:32.members? It has to be brought within two years and the amount they have
:02:33. > :02:38.to claim is that in two parts. The first part is strict. Regardless of
:02:39. > :02:43.the reason for the cause of death, for Malaysia, the amount that the
:02:44. > :02:51.next of kin is able to claim from the carrier is 175,000 US dollars
:02:52. > :02:56.per person. What about for the airline? What kind of impact would
:02:57. > :03:07.this have on the air the lines bottom`line? And ill and had to take
:03:08. > :03:12.out liability insurance. It would be about $1 billion so that should be
:03:13. > :03:19.enough in the insurance to cover claims that are brought by
:03:20. > :03:26.passengers. China is buying 70 get from Airbus in a $10 billion order.
:03:27. > :03:30.It is now the only firm set to benefit during China's President
:03:31. > :03:46.visit during France. On the occasion of the Chinese
:03:47. > :03:52.President visit to France, a bonanza for Airbus. First, a deal to sell 70
:03:53. > :03:57.aircraft is to help fill the burgeoning Chinese demand for air
:03:58. > :04:02.travel. The $10 billion sale had been locked cause of Chinese
:04:03. > :04:06.objections to EU to impose carbon tax on foreign airlines but those
:04:07. > :04:12.plans have been suspended. There is more for Airbus. It is also signed
:04:13. > :04:19.an agreement to extend for ten years the life of its joint venture. There
:04:20. > :04:25.are plans to build parts of the A330 there as well. Another big contract
:04:26. > :04:30.on helicopters. Airbus has agreed to build 1000 it's helicopters in
:04:31. > :04:38.another joint venture with the Chinese. TRANSLATION: 18 billion
:04:39. > :04:47.euros in contracts means employment, growth and especially respect for
:04:48. > :04:53.growth for years to come. Airbus has banked on the Chinese and market
:04:54. > :04:59.taking off and these contracts will be seen as a welcome confirmation.
:05:00. > :05:03.The European company says it supplies 50% of China's civil
:05:04. > :05:09.aviation needs. In other business News, the World Trade Organisation
:05:10. > :05:13.says China's limits on exports of rare earth elements breaks global
:05:14. > :05:18.trading rules. They say the help secure the French
:05:19. > :05:23.will use but the elements for domestic companies. China accounts
:05:24. > :05:28.for more than 90% of the raw materials and used in the
:05:29. > :05:36.manufacturing of gadgets such as DVDs and mobile phones. The creator
:05:37. > :05:39.of Candy Crush has had a is appointing debut on the stock
:05:40. > :05:48.exchange. They got crushed by investors with shares plummeting as
:05:49. > :05:53.much as 15%. The fall reflects concerns that the company may not be
:05:54. > :05:56.able to create another game as popular as Candy Crush. Facebook
:05:57. > :06:04.investors appear to have given the thumbs down to it to billion`dollar
:06:05. > :06:11.deal to buy virtual reality headset makers. The shares fell 7%
:06:12. > :06:17.overnight. Closing at $60.38. So why is Facebook 's owner so interested?
:06:18. > :06:25.Back in the 1980s, virtual reality was the hot new trend, ready to give
:06:26. > :06:30.us a different view of the world. But then, enthusiasm faded because
:06:31. > :06:37.the whole experience was not very real. Now, virtual reality is back
:06:38. > :06:42.after Facebook paid a huge sum for this company, a business is yet to
:06:43. > :06:47.release this headset to the general public. Companies have been rushing
:06:48. > :06:52.to experiment with the technology which allows it uses to get a
:06:53. > :06:58.hundred and 60 degrees view while they play. Virtual reality have come
:06:59. > :07:07.a long way over the last 20 years, and I get a real sense of walking
:07:08. > :07:13.into this Tuscan villa of a 3`D environment. I can even try and walk
:07:14. > :07:17.these stairs. But Facebook and others are betting that this kind of
:07:18. > :07:24.experience will appeal to people and businesses wait beyond the world of
:07:25. > :07:29.gaming. So where am I? On a Mac you are in an underground bunker. This
:07:30. > :07:35.developer is working on a series of games. Your they will start off with
:07:36. > :07:41.gaming but you will see them go to interesting areas as going back in
:07:42. > :07:47.time and exploring history. Or even watching football matches. And from
:07:48. > :07:51.supermarket guiding us around virtual stores to a sports sponsors
:07:52. > :07:58.giving us a taste of rugby. Plenty of businesses will be trying to take
:07:59. > :08:03.us into their virtual world. Would you like a job that promises plenty
:08:04. > :08:08.of peace and quite? In the latest segment on call jobs in Asia, our
:08:09. > :08:15.correspondent travel to one of the most remote weather stations in
:08:16. > :08:20.Taiwan. If you like the outdoors and don't
:08:21. > :08:26.mind a bit of solitude, this could be the job for you. The office is a
:08:27. > :08:31.tiny island a mere one half square kilometres. And the job is checking
:08:32. > :08:37.the weather. It belongs to this man, he works one month on, one month. He
:08:38. > :08:51.shares a job with another weatherman.
:08:52. > :09:15.With only two stores, no cinemas and nothing to do. Do you get bored?
:09:16. > :09:24.The remote location and lack of activities could explain why that is
:09:25. > :09:30.not a lot of competition for his job. Even though the information he
:09:31. > :09:37.is vital for the local shipping and fishing industries. Every day more
:09:38. > :09:43.than 5000 fishing boats, cargo ships passed through these waters in the
:09:44. > :09:48.Taiwan Straits. The fishing industry alone index 3/2 billion dollars into
:09:49. > :09:53.the economy each year. Overall traffic is expected to rise as
:09:54. > :09:56.economic ties between Taiwan and China grew closer. Why did you
:09:57. > :10:32.choose this job? As an added bonus, he found his wife
:10:33. > :10:38.here. No mean feat given that I just 25 people on the island. So even
:10:39. > :10:48.after nine years, he says he is not about to quit any time soon. There
:10:49. > :10:54.is a quick look at the market. Most Asian stocks are in negative
:10:55. > :11:07.territory as geopolitical concerns rose. Thank you for investing your
:11:08. > :11:10.time with us. I'm Mike Embley. The top stories
:11:11. > :11:14.this hour. A satellite has spotted what could
:11:15. > :11:16.be a massive field of debris in the southern Indian Ocean ` its
:11:17. > :11:20.described as the most credible lead yet in the hunt for the missing
:11:21. > :11:23.Malaysian airliner. Footage has emerged showing the
:11:24. > :11:28.dramatic rescue of a four year`old boy from the mudslide in the US
:11:29. > :11:29.state of Washington: 16 people have died and more than 90 people are