:00:00. > :00:13.Now on BBC News all the latest business news live from Singapore
:00:14. > :00:20.Donald Trump edges closer to becoming the Republican presidential
:00:21. > :00:25.candidate. What does a trump presidency mean for Asia and the
:00:26. > :00:28.global economy? And meet the Beatles being turned into robots and
:00:29. > :00:37.engineers think they could be used to save lives.
:00:38. > :00:45.Good morning, Asia and hello, world. It's the start of a brand-new week
:00:46. > :00:49.and it's a Monday, and Don McLardy could join us for this edition of
:00:50. > :00:55.Asia Business Report -- glad you could join us. The race for the
:00:56. > :00:59.White House heads to Ohio this week where the Republican delegation,
:01:00. > :01:04.convention begins and Donald Trump is expected to be nominated. The
:01:05. > :01:08.businessman says he wants to make America a great again by cutting
:01:09. > :01:12.corporate taxes and bringing jobs back to a Parikka. How will his
:01:13. > :01:20.economic policies impact Asia and the rest of the world? -- back to
:01:21. > :01:28.America. We spoke earlier about the possibility of the TPP being
:01:29. > :01:32.cancelled. Both candidates have sworn on the TPP and it can't come
:01:33. > :01:37.into force unless the US and Japan adopted. If one or the other doesn't
:01:38. > :01:41.adopt it then it won't come into force. There are real challenges
:01:42. > :01:47.ahead for the TPP. But for the convention and for Donald Trump
:01:48. > :01:50.right now, what you're seeing right now is a generational change in the
:01:51. > :01:57.Republican Party. The Democrats went through this in 2008, a generational
:01:58. > :01:59.change away from Clinton to Obama. The Republicans are now facing a
:02:00. > :02:03.generational change away from the Bush era to Donald Trump.
:02:04. > :02:11.Regardless of who becomes the Nexus president they will be faced with
:02:12. > :02:17.negotiating a new trade arrangement with the UK when it leaves the EU --
:02:18. > :02:20.next. US President Barack Obama suggested before the referendum that
:02:21. > :02:24.Britain would be at the back of the queue for trade talks, but one
:02:25. > :02:29.country has already stepped forward saying it is keen for a deal.
:02:30. > :02:30.Australia. Our business correspondent Joe Lynam has the
:02:31. > :02:35.details. Written is one of the most open
:02:36. > :02:41.trading nations in the world, in fact it is probably to open --
:02:42. > :02:43.Britain. It imports far more than it exports around the world and that's
:02:44. > :02:47.certainly the case for the EU. Now Britain is leaving the EU it's free
:02:48. > :02:53.to negotiate whatever trade deals it which is when it has formally left.
:02:54. > :02:57.First up wins be Australia, Britain's seventh largest trading
:02:58. > :03:04.partner already. The Brits sell the Australians and your cards and
:03:05. > :03:07.pharmaceuticals -- will be Australia. And the Australians sell
:03:08. > :03:11.gold and other mining products. Malcolm Turnbull said he would keen
:03:12. > :03:16.to sign a trade deal with Britain once he has left the EU. Clearly our
:03:17. > :03:21.trade arrangements with the United Kingdom of course are with the
:03:22. > :03:25.European Community. So as Britain leaves the EU, what we will need to
:03:26. > :03:30.do is negotiate direct arrangements with Britain. I've had a very
:03:31. > :03:34.constructive discussion with Prime Minister may about that and we look
:03:35. > :03:40.forward to discussions between my trade minister, Stephen showboat,
:03:41. > :03:44.and his counterpart and, in this respect Liam Fox shortly. The
:03:45. > :03:52.problem is the size. In global trade terms Australia is a modest country
:03:53. > :03:57.in terms of trade compared to Britain. The Brits sell 32 times
:03:58. > :04:00.more goods to the EU than they do to the Australians. You can see dozens
:04:01. > :04:02.of trade deals would need to be signed.
:04:03. > :04:08.Joe Lynam. In other business news making headlines, following a failed
:04:09. > :04:14.military coup the Turkish government is trying to reassure investors that
:04:15. > :04:17.it is in control of the country and the economy but the coup has stoked
:04:18. > :04:24.fears about political instability and that could promote flight of
:04:25. > :04:29.safe haven investments today. Holiday flights have been resumed.
:04:30. > :04:33.Malaysia airlines has settled damages with the relatives of most
:04:34. > :04:38.victims of MH17 according to a lawyer representing Dutch victims.
:04:39. > :04:43.Flight MH17 was shot down exactly two years ago over a part of Ukraine
:04:44. > :04:50.held by pro- Russian separatists, killing 298. New Zealand's Prime
:04:51. > :04:57.Minister Jonty has played down fears of a trade spat with China. --
:04:58. > :05:01.Jonty. There are reports Beijing could retaliate against New Zealand
:05:02. > :05:05.if the government launches an investigation into alleged steel
:05:06. > :05:10.dumping by the mainland. Scientists in Singapore have wired up giant
:05:11. > :05:14.beetles and shown they can control the insects remotely. They are
:05:15. > :05:19.hoping to use the technology to help save lives in disaster zones and to
:05:20. > :05:23.fight security threats. Sarah Toms went to meet the researchers.
:05:24. > :05:29.Cyborg bugs are the stuff of movies and nightmares, but these giant
:05:30. > :05:35.flour beetles could actually save lives. Using microelectronics,
:05:36. > :05:40.scientists at Nanyang technology will Coolum university camera Mobley
:05:41. > :05:48.control how the insects walk and even how they fly -- technological
:05:49. > :05:56.ash removal camera Mobley. The team say they can help in disaster relief
:05:57. > :06:02.efforts -- camera Mobley. Some think it is cruel but others think the
:06:03. > :06:29.benefits are worth it. -- can remotely.
:06:30. > :06:39.They are controlled using a radio transmitter and electrodes implanted
:06:40. > :06:43.into the beetles' muscles. The bugs' size and stability could even make
:06:44. > :06:48.them surveillance drones and spies. Wiring up the insects costs around
:06:49. > :06:54.$7 and their natural abilities mean they don't need to be programmed.
:06:55. > :06:58.Building a robot that mimics these beetles is complicated and costly.
:06:59. > :07:02.That's why harvesting the natural abilities of a living creature opens
:07:03. > :07:08.up enormous possibilities. But controlling and animal that's alive
:07:09. > :07:16.also raises serious ethical questions. What's next? Where does
:07:17. > :07:17.it end? And how does it affect our security and privacy? Sarah Toms,
:07:18. > :07:28.BBC News, Singapore. Why is the technology so innovative?
:07:29. > :07:29.We have the president of the Nanyang technological university and he
:07:30. > :07:36.spoke to Sharanjit Leyl. It's interesting that today we
:07:37. > :07:41.explore the interaction between technological systems and biological
:07:42. > :07:45.systems. For various reasons, technical reasons and also medical
:07:46. > :07:49.reasons. If you have maybe a hand that doesn't work and you could have
:07:50. > :07:54.something in technology that could influence the nerves in the hand and
:07:55. > :07:59.get it moving again. For example, the cyber bug, we can control the
:08:00. > :08:03.movement of these. Maybe we can transform that knowledge to medicine
:08:04. > :08:07.as well you see. Potentially you are saying we could have human cyborgs?
:08:08. > :08:13.Exactly. That's very interesting of course. If we can get the study and
:08:14. > :08:17.interface between the human brain and a computer, that has quite cyber
:08:18. > :08:22.implications for the future, you know? Of course there is research
:08:23. > :08:27.all around the world, not necessarily at NTU, that study the
:08:28. > :08:32.interactions between nerve cells and electronic chips for example. There
:08:33. > :08:39.are concerns there could be negative uses for this kind of technology
:08:40. > :08:42.using cyborg bugs for spying and surveillance, how do you justify
:08:43. > :08:47.that? There's always two sides of a coin, right? There's easy to see
:08:48. > :08:55.many of the positive sides in technology with these super cyborg
:08:56. > :09:01.bugs or in the medical field. Of course you could say, is it ethical
:09:02. > :09:06.in respect to the animals? I think for insects it's not, insects are
:09:07. > :09:11.not vertebrates, higher organisms, so I would be less concerned about
:09:12. > :09:15.this. But of course you could say, if this technology is used, said for
:09:16. > :09:23.spying or something like that, you could always argue whether it is
:09:24. > :09:29.good or bad -- said. Talk about the search and rescue aspect? That is
:09:30. > :09:33.one thing you could say -- say. You could say on television, on BBC, how
:09:34. > :09:38.you have collapsed houses after an earthquake, it is hard to get to the
:09:39. > :09:44.people trapped and identify them. That's one. There could be less
:09:45. > :09:48.dramatic things were in stead of having a camera on the beetle you
:09:49. > :09:52.could put a sensor for toxic substances that could go into some
:09:53. > :09:57.tubing in a house to identify where it could be bacteria or toxic
:09:58. > :10:04.substances and so on, you know? The professor speaking to Sharanjit
:10:05. > :10:08.Leyl. Let's look at the markets. Right now only one market is open at
:10:09. > :10:14.this hour and that's Australia, the All Ordinaries gaining around eight
:10:15. > :10:18.points but the Nikkei 225 will be closed today due to a public
:10:19. > :10:22.holiday. Not much liquidity in the market. The Hang Seng in Hong Kong
:10:23. > :10:27.will be opening in about 50 minutes. This, of course, we are seeing
:10:28. > :10:32.markets shrugging off the failed coup in Turkey. Thank you so much
:10:33. > :10:34.for investing your time with us. I'm Rico Hizon, see you soon.