:00:00. > :00:08.Tisch values, like tolerance and the rule of law. `` British values. Now
:00:09. > :00:21.for all of the business news from Singapore.
:00:22. > :00:28.The Chinese premier arrives in Britain. Business deals are expected
:00:29. > :00:32.to follow. Can holograms be used for more than politics?
:00:33. > :00:42.Hello and welcome to Asia Business Report. I'm Rico Hizon. The Chinese
:00:43. > :00:46.Premier Li Keqiang arrives in Britain today for the summit meeting
:00:47. > :00:49.with David Cameron. He is the second most senior politician and, given
:00:50. > :00:52.the economic cloud over China, trade and investment will be high on the
:00:53. > :01:00.agenda. Our correspondent reports from Shanghai.
:01:01. > :01:13.Look familiar? Look again. This is not Britain, but China. Thames Town
:01:14. > :01:15.is a development on the outskirts of Shanghai, complete with clock
:01:16. > :01:18.towers, cobbles and its own Winston Churchill statue. British history
:01:19. > :01:21.and culture have had a huge impact on the world, this couple tell me.
:01:22. > :01:24.They are among the thousands who came here for their wedding photos.
:01:25. > :01:40.TRANSLATION: I like British style a lot. I am longing to visit. So is my
:01:41. > :01:43.wife. Romance is in the ai but if the Chinese are keen, Britain is
:01:44. > :01:46.positively head over heels. David Cameron's visit last it was part of
:01:47. > :01:54.an effort to woo Chinese investment and boost British export. Thames
:01:55. > :01:57.Town has its very own pub, of course, but on closer inspection,
:01:58. > :02:02.despite the familiar welcoming exterior, it is just a facade. The
:02:03. > :02:14.same has sometimes been said of the UK`China relationship. The Prime
:02:15. > :02:17.Minister's meeting in 2012 with the Dalai Lama, the spiritual leader of
:02:18. > :02:22.Tibet, the man considered by China to be a dangerous separatist, led to
:02:23. > :02:25.a chill in diplomatic relations. Today, although China's human rights
:02:26. > :02:28.record is still on the table in theory, the focus is without doubt
:02:29. > :02:36.on its huge and still rapidly growing economy. Chinese money is
:02:37. > :02:39.being sought for UK infrastructure projects, like railways and nuclear
:02:40. > :02:49.power. Two`way trade last year was worth ?43 billion. But behind the
:02:50. > :02:52.scenes, tensions lurk. On the one hand, the rising communist power
:02:53. > :02:56.and, on the other, the former colonial. There is no doubt about
:02:57. > :02:59.who needs who the most today. One newspaper recently described the UK
:03:00. > :03:18.as just an old European country, apt for travel and study.
:03:19. > :03:22.A US medical device maker is buying Covidien for about $43 billion. It
:03:23. > :03:26.will become one of the world's largest medical equipment companies.
:03:27. > :03:32.It will move its base to Ireland, allowing it to pay lower rates on
:03:33. > :03:37.corporate taxes. Germany's Siemens and Mitsubishi are
:03:38. > :03:42.preparing a joint id for parts of an energy business. Offer might be
:03:43. > :03:46.worth more than $12 billion and would possibly see them enter a
:03:47. > :03:55.bidding war against General Electric, which has already made $17
:03:56. > :04:02.billion offer. Shares of an Australian resources
:04:03. > :04:07.company has been halted pending an announcement. Mineral resources
:04:08. > :04:10.might be looking to increase its stake in a company, the subject of a
:04:11. > :04:16.joint takeover bid from a Chinese company and another company.
:04:17. > :04:17.As a growing number of people take advantage of the convenience of
:04:18. > :04:21.credit cards, there's more pressure credit cards, there's more pressure
:04:22. > :04:27.on payment companies to keep forward rates in check. These are set
:04:28. > :04:34.forward rates account for less than 6 cents out of every 100 US dollars.
:04:35. > :04:42.asked what companies are doing to asked what companies are doing to
:04:43. > :04:44.keep forward under control. The payments industry has developed
:04:45. > :04:48.a layered approach to fighting fraud. We are constantly adding new
:04:49. > :04:53.security layers. You can imagine the first thing to do is to protect the
:04:54. > :04:58.data. Years ago, we developed the payment card industry security
:04:59. > :05:05.standard. All of our participants follow that. That is not enough, we
:05:06. > :05:07.always assume correctly that layer will be penetrated. If the
:05:08. > :05:18.fraudsters are able to steal, what are we able to do to prevent that?
:05:19. > :05:21.We assume that they will be breached so we have technologies to identify
:05:22. > :05:30.those breaches fast and shut them down quickly. Would you employ
:05:31. > :05:42.ethical in`house hackers to try and breach these security layers?
:05:43. > :05:45.Absolutely. Yes. Ethical hackers, internal trainings, where you try to
:05:46. > :05:53.catch your own people responding to suspicious e`mails. All those sort
:05:54. > :05:56.of things are very important. The Asia`Pacific is doing better than
:05:57. > :05:59.the rest of the world in keeping fraud rates low. What are companies
:06:00. > :06:03.or banks or governments doing right that is helping them achieve that?
:06:04. > :06:10.Criminals go where the opportunity is. So, they will be naturally
:06:11. > :06:14.attracted to the largest payment markets in the world. Where others?
:06:15. > :06:22.Those are in the United States and Europe. That is the first factor.
:06:23. > :06:24.Here in Asia and Australia, we see the adoption of technology at a
:06:25. > :06:32.higher rate than in some of those higher rate than in some of those
:06:33. > :06:37.other markets. Companies like yours are on the lookout of new markets.
:06:38. > :06:41.What are the risks of entering a new market, where financial and legal
:06:42. > :06:50.systems aren't fully developed yet? How do you negate that? It will
:06:51. > :06:56.always bring our nodes with it but it also brings some advantages. When
:06:57. > :07:01.a company like VISA seeks to open up a market in Myanmar or others, what
:07:02. > :07:04.we do is we bring our expertise and the knowledge we have gained from
:07:05. > :07:09.collaborating with people in other countries with us. We have gone so
:07:10. > :07:12.far as to help with drafting for legislation that might have been
:07:13. > :07:17.helpful in other countries or even training more in force in and
:07:18. > :07:21.prosecutors, in case we might see some local homegrown criminals
:07:22. > :07:23.emerging. India's newly elected Prime Minister
:07:24. > :07:28.and his Cabinet colleagues are now focused on getting on with the
:07:29. > :07:33.business of building the country. But the campaign trail wasn't always
:07:34. > :07:36.easy. For party leaders, the big issue was where to campaign in the
:07:37. > :07:41.vast land of 800 million voters and only six weeks to lead them. Our
:07:42. > :07:44.correspondent went to Bangalore to visit a company that helped a
:07:45. > :07:51.politician be in hundreds of places at once.
:07:52. > :07:55.A rapturous reception for India's now prime minister. Look closely and
:07:56. > :08:00.you will see it is not really him. This is a hologram of Narendra Modi.
:08:01. > :08:05.A bit of technology he used extensively in his campaign. With
:08:06. > :08:07.mobile units like this one, the pre`recorded speeches were played
:08:08. > :08:10.out at hundreds of locations, getting his message out across
:08:11. > :08:18.India. This is the business that helped it happen. They have not been
:08:19. > :08:23.in business long. First for state and then the national elections. We
:08:24. > :08:32.knew this would be massive in India for campaigning. We got really lucky
:08:33. > :08:40.with Mr Modi. He saw a potential in this business. The biggest
:08:41. > :08:44.difference I see now, people know a bit more about what can be done with
:08:45. > :08:49.the technology and what can't be done. And how you can use the
:08:50. > :08:52.technology for your advantage. technology for your advantage.
:08:53. > :08:55.Elections do not come around that often so now this firm needs new
:08:56. > :08:58.customers. This man runs a jewellery business and he is looking at using
:08:59. > :09:03.technology to improve customer service in his shop. Here's a way
:09:04. > :09:06.that I can actually show a real person and I can show my emotion and
:09:07. > :09:10.my connect and my passion for the diamonds or the jewellery, the
:09:11. > :09:14.ruled, the rubies or what ever and I can make them want the kind of
:09:15. > :09:18.conduct that we make. `` the emeralds, rubies, whatever. It is so
:09:19. > :09:25.personal, it is so close to reality, it is like me being there. As the
:09:26. > :09:33.technology is a fairly new, they are experimenting with ways to use it.
:09:34. > :09:42.This editor is working on making a hologram of a yoga instructor. They
:09:43. > :09:44.have ideas of holograms of university lecturers to teach
:09:45. > :09:51.students and images of Bollywood stars into cinemas, promoting their
:09:52. > :10:02.films. It seems the election has shown people and businesses the
:10:03. > :10:05.potential of the hologram. But of course it all depends on whatever or
:10:06. > :10:08.whoever is projected doing or saying some interesting, to make sure that
:10:09. > :10:13.the audience doesn't see through the gimmick.
:10:14. > :10:19.Regional stocks are slipping, as traders become cautious following
:10:20. > :10:22.the escalating violence in Iraq, drawing `` resulting in crude oil
:10:23. > :10:28.prices being higher than in recent months. There are concerns that an
:10:29. > :10:32.insurgency in Iraq could trigger civil war and eventually crimp oil
:10:33. > :10:44.exports. In Q4 investing your time with us. The sport is up next.
:10:45. > :10:48.You are watching BBC News. Headlines: pictures have emerged
:10:49. > :10:50.from Iraq `` from Iraq would