:00:00. > :00:00.assault. He broke into song in court as he recalled the early years of
:00:00. > :00:16.his career. Now on BBC News all the latest business news live from
:00:17. > :00:22.Singapore. Self driving cars, Google embarks on a new venture and we have
:00:23. > :00:29.the exclusive details. We take a look at the Finance Minister who
:00:30. > :00:37.will put India's economy back on track. Hello and welcome to Asia
:00:38. > :00:45.Business Report. A stop and go button for a car with no control
:00:46. > :00:49.steering wheel or petals? Something science fiction movies are made of?
:00:50. > :00:54.It is something that Google wants to make a reality. They want to start
:00:55. > :01:01.building their own self driving cars instead of buying other vehicles
:01:02. > :01:06.coming they plan to manufacture their own vehicles. We can now speak
:01:07. > :01:10.to a correspondent. Google share these images and you had access to
:01:11. > :01:21.the team as well, what can you tell us about the car? The car is
:01:22. > :01:28.deliberately cute looking, it is small and fit for a city, a two
:01:29. > :01:33.seater with a smiling face to it. It is designed to be nonthreatening to
:01:34. > :01:37.help with the acceptance of these vehicles in urban areas. The
:01:38. > :01:42.windshield is made of a flexible type of plastic instead of glass so
:01:43. > :01:47.that if the worst happens, one would come off a little better in an
:01:48. > :01:54.accident. The technology is an extension of what we have already
:01:55. > :01:57.seen. They had previously modified SUVs and other cars before and they
:01:58. > :02:01.have been seen around the headquarters of the many in Silicon
:02:02. > :02:06.Valley. This time they are taking it a step further. You say it is a
:02:07. > :02:10.common sight at their headquarters but certainly not on their main
:02:11. > :02:17.roads. Where are the legal to drive at this point? That is still an
:02:18. > :02:23.interesting question. There is a whole patchwork of legality. Many
:02:24. > :02:28.have introduced laws so that these cars can be used on the roads. The
:02:29. > :02:31.goal is able to test them in California but in order to test
:02:32. > :02:36.these new ones without titles or steering wheels, they will have to
:02:37. > :02:50.fit them and will have to have a test drivers in the car at all times
:02:51. > :02:54.`` pedals, and it will raise questions about the law and who is
:02:55. > :02:58.liable at all times. We heard from the director of the project who told
:02:59. > :03:02.us that they are trying to understand the limitations of the
:03:03. > :03:09.project. What are the potential downsides? There is the whole legal
:03:10. > :03:13.side to consider. What if you are in a self driving car and reading your
:03:14. > :03:20.newspaper and there is an accident? Are you to blame or is the carmaker
:03:21. > :03:24.Willian and what if we make commutes so easy that more and more people
:03:25. > :03:31.will accept them and it will add to urban sprawl and congestion on the
:03:32. > :03:38.roads? There are many things to consider as this technology pushes
:03:39. > :03:44.us towards a brave new transportation future. Thank you for
:03:45. > :03:58.that groundbreaking story. For more you can visit our website. He may
:03:59. > :04:01.have an unenviable job. Arun Jaitley is India's new finance minister and
:04:02. > :04:04.the man tasked with revitalising India's economy. He is putting
:04:05. > :04:07.economic growth on the top of his list. He is well`known close ally
:04:08. > :04:12.and friend of the new Prime Minister. We hear from our
:04:13. > :04:15.correspondents for more. The new Indian government under the
:04:16. > :04:25.leadership of Narendra Modi has officially taken charge. The man who
:04:26. > :04:28.has been chosen to steer the economy is Arun Jaitley. But who is he? He
:04:29. > :04:31.is a senior and experienced politician. He was the leader of
:04:32. > :04:34.opposition in the upper house of the Indian Parliament for the last five
:04:35. > :04:37.years. He was also the Minister during the BJP government between
:04:38. > :04:42.1988 and 2004. He was the Minister for Commerce and later in charge of
:04:43. > :04:47.the Law and Justice Department. He is also a lawyer. Now as he takes
:04:48. > :04:50.charge of the Finance Ministry, he will take that experience to revive
:04:51. > :05:03.the economy which has been growing at its slowest pace in the last
:05:04. > :05:06.decade. Controlling inflation driven by high food prices is one of the
:05:07. > :05:10.biggest challenges he faces. This was one of the main reasons the
:05:11. > :05:16.previous government was voted out. There are already concerns that food
:05:17. > :05:20.prices could be pushed up again. The other important task would be to
:05:21. > :05:23.improve the business climate. Foreign investors have stayed away
:05:24. > :05:29.from India in last few years due to policies and tax issues. India is
:05:30. > :05:40.also one of the toughest laces to do business `` places. They rank Turkey
:05:41. > :05:44.fourth when it comes to ease of doing business. Improving the
:05:45. > :05:46.business climate will be a critical area because that will help in
:05:47. > :05:51.providing the investment cycle which in turn will give a big push for
:05:52. > :05:54.India's economic growth rate. He has also been in charge of the Defence
:05:55. > :05:58.Ministry and that is why many people are wondering, how will he handle
:05:59. > :06:02.two ministries at the same time? He has made it clear that he will be in
:06:03. > :06:06.charge of the Defence Ministry only for the time being as a new minister
:06:07. > :06:16.is expected to be appointed in the next four to five weeks. His main
:06:17. > :06:21.job will be the Finance Ministry. Earlier I spoke to someone from
:06:22. > :06:29.Berkeley 's Bank. I asked him if he is the right candidate when it comes
:06:30. > :06:32.to fixing the economy of India. Given his stature in the party, he
:06:33. > :06:35.is effectively the second most important leader after Narendra Modi
:06:36. > :06:37.and clearly, his position in the Cabinet, even though he lost the
:06:38. > :06:41.elections has been secured for a prestigious position. Given that it
:06:42. > :06:44.was expected that he would become the finance minister, I think a lot
:06:45. > :06:56.of preparation would have already been done in the background. At this
:06:57. > :06:58.juncture, what he does bring to the table is political will to execute
:06:59. > :07:02.some difficult decisions. That is a key requirement for the job because
:07:03. > :07:18.it is not going to be pleasant over the next couple of years. We know
:07:19. > :07:21.that Arun Jaitley has already met with the Central Bank governor in
:07:22. > :07:24.India and they have a very tough task ahead of them with high
:07:25. > :07:27.inflation and high interest rates. How will they boost growth? Arun
:07:28. > :07:33.Jaitley has greeted in some good steps. We have already seen
:07:34. > :07:36.inflation numbers coming down at the margin and our forecasts are that
:07:37. > :07:45.inflation will move lower as long as we get a good monsoon. That is the X
:07:46. > :07:47.Factor. Overall, if there is co`ordination within the Finance
:07:48. > :07:50.Ministry, if reforms are being undertaken, there is nothing to say
:07:51. > :07:52.that inflation cannot be brought down. That has been the experience
:07:53. > :07:54.of the previous governments. GlaxoSmithKline is under
:07:55. > :08:03.investigation by Britain's Serious Fraud Office. That is over its
:08:04. > :08:06.commercial practices. The firm says it will fully cooperate. Earlier
:08:07. > :08:08.this week, Chinese authorities accused staff of bribing government
:08:09. > :08:10.and hospital officials in the country. GlaxoSmithKline refused to
:08:11. > :08:22.comment on whether the investigation was connected to this incident. They
:08:23. > :08:25.are also facing criminal investigation into similar
:08:26. > :08:28.allegations in Poland and Iraq. Cadbury is one of the oldest and
:08:29. > :08:41.most famous chocolate makers in the world. It is suffering a major
:08:42. > :08:44.setback in Malaysia after traces of pig DNA were found in two varieties
:08:45. > :08:47.of its signature chocolate bar, Dairy Milk. They have been removed
:08:48. > :08:48.from shelves across the majority Muslim country. They said the
:08:49. > :09:09.following. We have been speaking to an
:09:10. > :09:12.individual regarding business strategy and we asked him what it
:09:13. > :09:17.would take for Cadbury to restore its image in Malaysia. We are
:09:18. > :09:20.learning that the products are being withdrawn. I think there are still
:09:21. > :09:22.some steps ahead in terms of communicating with Malaysian
:09:23. > :09:25.authorities and reassuring the public that this will not happen
:09:26. > :09:44.again. And the chocolate will be clean chocolate. You have to keep it
:09:45. > :09:48.up. You can't lower the bar, you need to put in a lot of effort and
:09:49. > :09:52.sales will drop for a while. How long will it take? Three to six
:09:53. > :09:56.months. In half the time if they deal with it well, they will be back
:09:57. > :10:03.on track. We will now have a look at the Asian markets. Yet another
:10:04. > :10:13.record close from the S 500 on Wall Street. The Nikkei is at its
:10:14. > :10:18.highest level in two months. The dollar is high at the moment which
:10:19. > :10:25.is helping Japanese export reliant firms. We also have a rise in metal
:10:26. > :10:29.prices which is helping the Australian index. That is it for
:10:30. > :10:47.this addition of Asia Business Report. Thanks for watching. The
:10:48. > :10:50.main news stories. President Obama has announced that the US plans to
:10:51. > :10:52.keep almost 10,000 troops in Afghanistan next year, following the
:10:53. > :10:54.end of American involvement in combat