:00:00. > :00:15.considering other charges. Now we will go to Singapore with all
:00:16. > :00:20.the latest business news. General Motors Holden sales of its
:00:21. > :00:28.top selling Chevrolet over possibly defective aerobatics. And Google
:00:29. > :00:34.unveils android TV after its last attempt to add a video service
:00:35. > :00:41.failed. Welcome to Asia Business Report. It
:00:42. > :00:46.looks like more bumps ahead for General Motors. It is halting sales
:00:47. > :00:58.of its Chevrolet cars in North America because of faulty airbags.
:00:59. > :01:02.It has been fined $35 million and faces a series of investigations.
:01:03. > :01:11.The president of General Motors spoke to our correspondent in
:01:12. > :01:16.London. It will be as big as it needs to be to capture all the
:01:17. > :01:19.people that lost loved ones and suffered serious physical injuries.
:01:20. > :01:26.We have appointed an independent administrator. He will set the rules
:01:27. > :01:32.for eligibility and determine who gets compensated. Just this week it
:01:33. > :01:38.emerged from an internal memo that was sent back in 2002 that the board
:01:39. > :01:44.was warned that the company had to stop shipping vehicles that were not
:01:45. > :01:51.safe. How do you feel about the fact that for over a decade GM was
:01:52. > :01:56.selling unsafe vehicles? That was a problem. We have seen that problem
:01:57. > :02:02.manifested itself and we are taking action to fix that. Is the
:02:03. > :02:08.controversy around the issue, is that hitting confidence? If you look
:02:09. > :02:12.at our current sales performance, it is hard to point to an immediate
:02:13. > :02:16.impact. That does not mean there will not be one some point. Our
:02:17. > :02:21.fundamental principle of doing the right thing for the customer is a
:02:22. > :02:25.reasonable possession. How much is this likely to cost? You have
:02:26. > :02:29.indicated initially around $2 billion, but visibly in the
:02:30. > :02:37.long`term it is going to be a lot of money. We have announced charges
:02:38. > :02:41.that are already out there. You could be some additional costs. The
:02:42. > :02:47.company has a very strong balance sheets and liquidity position. We
:02:48. > :02:53.will be able to absorb the costs. We expect we will have more clarity on
:02:54. > :02:58.where we are. There is this technology among
:02:59. > :03:03.technology companies to come up with the least clever gadget. At the
:03:04. > :03:07.Google's conference, they announced plans to bring it and read software
:03:08. > :03:15.to cars, TVs and watches. `` Android.
:03:16. > :03:19.The keynote presentation here almost three hours long. No great
:03:20. > :03:23.surprises. There were some interesting things and
:03:24. > :03:34.announcements. First off the bat was Android one. It was a way to get
:03:35. > :03:39.into emerging markets. Currently there were only 10% of smartphone
:03:40. > :03:44.users in those markets. It is a way for Google to work with hardware
:03:45. > :03:48.makers to deliver a low`cost android experience with the Google's support
:03:49. > :03:53.and software. It is an opportunity for Google to increase its presence
:03:54. > :03:56.in those emerging markets. Another opportunity is for Google to put
:03:57. > :04:05.Android not just on mobile phones and on tablets, but in smart
:04:06. > :04:08.watches. We have known about them for a while. Google is showing off
:04:09. > :04:15.some of the capabilities of these devices. How you can receive
:04:16. > :04:17.notifications from your phone, but also synchronise data and get
:04:18. > :04:24.information from your watch to the phone. It has not been altogether
:04:25. > :04:34.successful so far. Google TV was a bit of a disaster. They have
:04:35. > :04:40.rebranded it Android TV. As with other services, it will get Android
:04:41. > :04:49.money on your TV set you can order movies or play games. Android auto
:04:50. > :04:52.is a way of using your smartphone while you're on the road. You can
:04:53. > :04:59.get directions on your dashboard using your phone. What emerged today
:05:00. > :05:10.as a theme was unifying the design across all the devices which we
:05:11. > :05:14.might own. Even in your car. It is an attempt to shed its reputation as
:05:15. > :05:20.being a disjointed and fragmented system. Who knows, it might even
:05:21. > :05:26.give Apple uses some pause for thought.
:05:27. > :05:31.US regulators have filed a lawsuit against Barclays for allegedly
:05:32. > :05:35.misleading investors. It centres on the trading tool which allowed
:05:36. > :05:38.investors to buy or sell large blocks of shares and honestly
:05:39. > :05:48.without going through and made stock exchange. `` a main.
:05:49. > :05:55.Taiwan's Fox, technology group is suing three Japanese technology
:05:56. > :05:59.companies have a pittance. But over patterns.
:06:00. > :06:10.They claim they violated patent is related to televisions, smartphones
:06:11. > :06:15.and computers. China's top official for Straits relations today
:06:16. > :06:18.continues his charm offensive in Taiwan, which China considers a
:06:19. > :06:21.province. He will visit a community centre and
:06:22. > :06:26.a home for the elderly, where he hopes to win the hearts and minds of
:06:27. > :06:30.ordinary Taiwanese. He has already come up against opposition from
:06:31. > :06:38.protesters who worry about closer economic ties.
:06:39. > :06:42.Smiles and confidence, China's top official arrived in unprecedented
:06:43. > :06:49.visit to Taiwan. He wasted no time in trying to charm the Taiwanese.
:06:50. > :06:55.TRANSLATION: Hello, my fellow friends in Taiwan. My pronunciation
:06:56. > :07:01.may be incorrect, but I am very sincere. Instead of seeing the
:07:02. > :07:04.president, he will spend most of his time using ordinary people,
:07:05. > :07:10.including owners of businesses fear they could be affected by trade
:07:11. > :07:16.deals with China. Protesters worried about China's growing influence were
:07:17. > :07:24.ready to give him an earful. They chanted, Taiwan's future will be
:07:25. > :07:28.decided by Taiwan. TRANSLATION: We believe they will talk about
:07:29. > :07:32.important issues. We have no access to the content or the process of the
:07:33. > :07:39.meeting. They will make decisions under the table. The visit comes on
:07:40. > :07:44.the heels of the student occupation of Parliament in the spring of two
:07:45. > :07:51.stop the legislature from a passing a trade agreement Taiwan signed with
:07:52. > :07:55.China. Students fear that it would make the island to economically
:07:56. > :08:01.dependent on China and therefore vulnerable to Beijing's pressures to
:08:02. > :08:05.reunify. Aware of the power of the opposition in democratic Taiwan, he
:08:06. > :08:12.wants to be seen as listening to the opinions of the Taiwanese. Analysts
:08:13. > :08:16.say this is part of a shift in China's strategy. It wants closer
:08:17. > :08:20.relations with Taiwan, the latter who is in power. They should now
:08:21. > :08:27.realises that before stronger ties can be built, it must first his
:08:28. > :08:35.family 's suspicions. `` ease Taiwanese.
:08:36. > :08:41.Climate change is an issue that has been causing the world to rethink
:08:42. > :08:46.its energy habits. But the cheap energy adviser at your's biggest oil
:08:47. > :08:54.company said they are now investing in cleaner fuels. Our company is
:08:55. > :09:01.convinced we need to decarbonise as much as we can. What is something we
:09:02. > :09:05.can do with our capabilities? There are some things we are doing. We
:09:06. > :09:16.have pushed for natural gas to replace coal. That is a low hanging
:09:17. > :09:23.fruit. The other aspect is cleaner fuels for cars. We do that with
:09:24. > :09:28.ethanol and a joint venture in Brazil where we use sustainable
:09:29. > :09:34.sugar cane growth to generate this fuel. But to meet the growing demand
:09:35. > :09:39.for natural gas, that will require fracking, which has been proven to
:09:40. > :09:45.be harmful to the environment. What can companies do to prevent this?
:09:46. > :09:50.There is a lot of natural gas around the world. Half of the resources is
:09:51. > :09:59.in gas we have produced for decades. The other half is
:10:00. > :10:04.unconventional. Our company has five operating principles, a framework
:10:05. > :10:09.for responsible extraction of natural gas. We are working with
:10:10. > :10:17.several organisations to have a wider remit. Would companies like
:10:18. > :10:25.Shell really put best practice above profit? The first will is, doing our
:10:26. > :10:28.operations safely and responsibly. We have our business principles
:10:29. > :10:32.underpinning that. That is the first criteria. When you do it
:10:33. > :10:38.responsibly, the profits will follow as well.
:10:39. > :10:45.That is it for this addition of Asia Business Report. Thank you for
:10:46. > :10:48.watching. This is BBC News. Here are the
:10:49. > :10:50.headlines: