Browse content similar to 18/07/2016. Check below for episodes and series from the same categories and more!
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Now on BBC News all the latest business news live from Singapore | :00:00. | :00:13. | |
Donald Trump edges closer to becoming the Republican presidential | :00:14. | :00:20. | |
candidate. What does a trump presidency mean for Asia and the | :00:21. | :00:25. | |
global economy? And meet the Beatles being turned into robots and | :00:26. | :00:28. | |
engineers think they could be used to save lives. | :00:29. | :00:37. | |
Good morning, Asia and hello, world. It's the start of a brand-new week | :00:38. | :00:45. | |
and it's a Monday, and Don McLardy could join us for this edition of | :00:46. | :00:49. | |
Asia Business Report -- glad you could join us. The race for the | :00:50. | :00:55. | |
White House heads to Ohio this week where the Republican delegation, | :00:56. | :00:59. | |
convention begins and Donald Trump is expected to be nominated. The | :01:00. | :01:04. | |
businessman says he wants to make America a great again by cutting | :01:05. | :01:08. | |
corporate taxes and bringing jobs back to a Parikka. How will his | :01:09. | :01:12. | |
economic policies impact Asia and the rest of the world? -- back to | :01:13. | :01:20. | |
America. We spoke earlier about the possibility of the TPP being | :01:21. | :01:28. | |
cancelled. Both candidates have sworn on the TPP and it can't come | :01:29. | :01:32. | |
into force unless the US and Japan adopted. If one or the other doesn't | :01:33. | :01:37. | |
adopt it then it won't come into force. There are real challenges | :01:38. | :01:41. | |
ahead for the TPP. But for the convention and for Donald Trump | :01:42. | :01:47. | |
right now, what you're seeing right now is a generational change in the | :01:48. | :01:50. | |
Republican Party. The Democrats went through this in 2008, a generational | :01:51. | :01:57. | |
change away from Clinton to Obama. The Republicans are now facing a | :01:58. | :01:59. | |
generational change away from the Bush era to Donald Trump. | :02:00. | :02:03. | |
Regardless of who becomes the Nexus president they will be faced with | :02:04. | :02:11. | |
negotiating a new trade arrangement with the UK when it leaves the EU -- | :02:12. | :02:17. | |
next. US President Barack Obama suggested before the referendum that | :02:18. | :02:20. | |
Britain would be at the back of the queue for trade talks, but one | :02:21. | :02:24. | |
country has already stepped forward saying it is keen for a deal. | :02:25. | :02:29. | |
Australia. Our business correspondent Joe Lynam has the | :02:30. | :02:30. | |
details. Written is one of the most open | :02:31. | :02:35. | |
trading nations in the world, in fact it is probably to open -- | :02:36. | :02:41. | |
Britain. It imports far more than it exports around the world and that's | :02:42. | :02:43. | |
certainly the case for the EU. Now Britain is leaving the EU it's free | :02:44. | :02:47. | |
to negotiate whatever trade deals it which is when it has formally left. | :02:48. | :02:53. | |
First up wins be Australia, Britain's seventh largest trading | :02:54. | :02:57. | |
partner already. The Brits sell the Australians and your cards and | :02:58. | :03:04. | |
pharmaceuticals -- will be Australia. And the Australians sell | :03:05. | :03:07. | |
gold and other mining products. Malcolm Turnbull said he would keen | :03:08. | :03:11. | |
to sign a trade deal with Britain once he has left the EU. Clearly our | :03:12. | :03:16. | |
trade arrangements with the United Kingdom of course are with the | :03:17. | :03:21. | |
European Community. So as Britain leaves the EU, what we will need to | :03:22. | :03:25. | |
do is negotiate direct arrangements with Britain. I've had a very | :03:26. | :03:30. | |
constructive discussion with Prime Minister may about that and we look | :03:31. | :03:34. | |
forward to discussions between my trade minister, Stephen showboat, | :03:35. | :03:40. | |
and his counterpart and, in this respect Liam Fox shortly. The | :03:41. | :03:44. | |
problem is the size. In global trade terms Australia is a modest country | :03:45. | :03:52. | |
in terms of trade compared to Britain. The Brits sell 32 times | :03:53. | :03:57. | |
more goods to the EU than they do to the Australians. You can see dozens | :03:58. | :04:00. | |
of trade deals would need to be signed. | :04:01. | :04:02. | |
Joe Lynam. In other business news making headlines, following a failed | :04:03. | :04:08. | |
military coup the Turkish government is trying to reassure investors that | :04:09. | :04:14. | |
it is in control of the country and the economy but the coup has stoked | :04:15. | :04:17. | |
fears about political instability and that could promote flight of | :04:18. | :04:24. | |
safe haven investments today. Holiday flights have been resumed. | :04:25. | :04:29. | |
Malaysia airlines has settled damages with the relatives of most | :04:30. | :04:33. | |
victims of MH17 according to a lawyer representing Dutch victims. | :04:34. | :04:38. | |
Flight MH17 was shot down exactly two years ago over a part of Ukraine | :04:39. | :04:43. | |
held by pro- Russian separatists, killing 298. New Zealand's Prime | :04:44. | :04:50. | |
Minister Jonty has played down fears of a trade spat with China. -- | :04:51. | :04:57. | |
Jonty. There are reports Beijing could retaliate against New Zealand | :04:58. | :05:01. | |
if the government launches an investigation into alleged steel | :05:02. | :05:05. | |
dumping by the mainland. Scientists in Singapore have wired up giant | :05:06. | :05:10. | |
beetles and shown they can control the insects remotely. They are | :05:11. | :05:14. | |
hoping to use the technology to help save lives in disaster zones and to | :05:15. | :05:19. | |
fight security threats. Sarah Toms went to meet the researchers. | :05:20. | :05:23. | |
Cyborg bugs are the stuff of movies and nightmares, but these giant | :05:24. | :05:29. | |
flour beetles could actually save lives. Using microelectronics, | :05:30. | :05:35. | |
scientists at Nanyang technology will Coolum university camera Mobley | :05:36. | :05:40. | |
control how the insects walk and even how they fly -- technological | :05:41. | :05:48. | |
ash removal camera Mobley. The team say they can help in disaster relief | :05:49. | :05:56. | |
efforts -- camera Mobley. Some think it is cruel but others think the | :05:57. | :06:02. | |
benefits are worth it. -- can remotely. | :06:03. | :06:29. | |
They are controlled using a radio transmitter and electrodes implanted | :06:30. | :06:39. | |
into the beetles' muscles. The bugs' size and stability could even make | :06:40. | :06:43. | |
them surveillance drones and spies. Wiring up the insects costs around | :06:44. | :06:48. | |
$7 and their natural abilities mean they don't need to be programmed. | :06:49. | :06:54. | |
Building a robot that mimics these beetles is complicated and costly. | :06:55. | :06:58. | |
That's why harvesting the natural abilities of a living creature opens | :06:59. | :07:02. | |
up enormous possibilities. But controlling and animal that's alive | :07:03. | :07:08. | |
also raises serious ethical questions. What's next? Where does | :07:09. | :07:16. | |
it end? And how does it affect our security and privacy? Sarah Toms, | :07:17. | :07:17. | |
BBC News, Singapore. Why is the technology so innovative? | :07:18. | :07:28. | |
We have the president of the Nanyang technological university and he | :07:29. | :07:29. | |
spoke to Sharanjit Leyl. It's interesting that today we | :07:30. | :07:36. | |
explore the interaction between technological systems and biological | :07:37. | :07:41. | |
systems. For various reasons, technical reasons and also medical | :07:42. | :07:45. | |
reasons. If you have maybe a hand that doesn't work and you could have | :07:46. | :07:49. | |
something in technology that could influence the nerves in the hand and | :07:50. | :07:54. | |
get it moving again. For example, the cyber bug, we can control the | :07:55. | :07:59. | |
movement of these. Maybe we can transform that knowledge to medicine | :08:00. | :08:03. | |
as well you see. Potentially you are saying we could have human cyborgs? | :08:04. | :08:07. | |
Exactly. That's very interesting of course. If we can get the study and | :08:08. | :08:13. | |
interface between the human brain and a computer, that has quite cyber | :08:14. | :08:17. | |
implications for the future, you know? Of course there is research | :08:18. | :08:22. | |
all around the world, not necessarily at NTU, that study the | :08:23. | :08:27. | |
interactions between nerve cells and electronic chips for example. There | :08:28. | :08:32. | |
are concerns there could be negative uses for this kind of technology | :08:33. | :08:39. | |
using cyborg bugs for spying and surveillance, how do you justify | :08:40. | :08:42. | |
that? There's always two sides of a coin, right? There's easy to see | :08:43. | :08:47. | |
many of the positive sides in technology with these super cyborg | :08:48. | :08:55. | |
bugs or in the medical field. Of course you could say, is it ethical | :08:56. | :09:01. | |
in respect to the animals? I think for insects it's not, insects are | :09:02. | :09:06. | |
not vertebrates, higher organisms, so I would be less concerned about | :09:07. | :09:11. | |
this. But of course you could say, if this technology is used, said for | :09:12. | :09:15. | |
spying or something like that, you could always argue whether it is | :09:16. | :09:23. | |
good or bad -- said. Talk about the search and rescue aspect? That is | :09:24. | :09:29. | |
one thing you could say -- say. You could say on television, on BBC, how | :09:30. | :09:33. | |
you have collapsed houses after an earthquake, it is hard to get to the | :09:34. | :09:38. | |
people trapped and identify them. That's one. There could be less | :09:39. | :09:44. | |
dramatic things were in stead of having a camera on the beetle you | :09:45. | :09:48. | |
could put a sensor for toxic substances that could go into some | :09:49. | :09:52. | |
tubing in a house to identify where it could be bacteria or toxic | :09:53. | :09:57. | |
substances and so on, you know? The professor speaking to Sharanjit | :09:58. | :10:04. | |
Leyl. Let's look at the markets. Right now only one market is open at | :10:05. | :10:08. | |
this hour and that's Australia, the All Ordinaries gaining around eight | :10:09. | :10:14. | |
points but the Nikkei 225 will be closed today due to a public | :10:15. | :10:18. | |
holiday. Not much liquidity in the market. The Hang Seng in Hong Kong | :10:19. | :10:22. | |
will be opening in about 50 minutes. This, of course, we are seeing | :10:23. | :10:27. | |
markets shrugging off the failed coup in Turkey. Thank you so much | :10:28. | :10:32. | |
for investing your time with us. I'm Rico Hizon, see you soon. | :10:33. | :10:34. |