02/09/2016

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:00:00. > :00:00.of all-out strikes at hospitals in England before Christmas.

:00:00. > :00:00.The move is part of an ongoing dispute over a new contract

:00:00. > :00:13.Now on BBC News all the latest business news live from Singapore.

:00:14. > :00:20.China in the spotlight. The world's second largest economy host G20

:00:21. > :00:24.leaders against the backdrop of a slowing economy.

:00:25. > :00:31.And come with us to Berlin to find out how Asia's tech giants are

:00:32. > :00:35.creating our homes for the future. They are real news cases from real

:00:36. > :00:41.consumers and it will change the behaviour of how people interact

:00:42. > :00:47.with home appliances, for short. Dashboard sure. Good morning, Asia

:00:48. > :00:52.and hello, world, glad good you could join us -- for sure.

:00:53. > :00:59.World leaders are heading to the Chinese city of banjo, that is for

:01:00. > :01:05.the annual G20 summit this weekend -- Hangzhou. Barack Obama, Xi

:01:06. > :01:11.Jingping and Theresa May will be among those attending. The group

:01:12. > :01:16.accounts for 85% of world GDP and two thirds of its population. It is

:01:17. > :01:21.a big moment for President Xi, who wants to show that the mainland is

:01:22. > :01:26.at the centre of the solution to stagnant global growth. Robin Brant

:01:27. > :01:26.reports from Shanghai on the economic challenges facing his

:01:27. > :01:37.country. Got the popcorn, got the tickets,

:01:38. > :01:41.got your friends. Now for the movie. And there are plenty to see in the

:01:42. > :01:47.world's biggest market for cinema and film. But for the first time in

:01:48. > :01:51.five years there are signs of weakness. Ticket sales aren't going

:01:52. > :01:55.up, they're going down, by 10% before the summer compare to last

:01:56. > :02:01.year, and average ticket prices have dropped to their lowest since 2010.

:02:02. > :02:06.Maybe I don't come here, maybe I will stay at home. Stay at home?

:02:07. > :02:14.Yeah. Watch it on TV? I don't like seeing movies at home, I get sleepy!

:02:15. > :02:18.But why does it matter? Because it is regarded as a snapshot of real

:02:19. > :02:22.spending. It's not just the movies where the

:02:23. > :02:26.numbers aren't climbing any more, the number of Chinese tourists going

:02:27. > :02:30.abroad is set to level off this year according to the Chinese tourist

:02:31. > :02:33.administration. So does all this make for an accurate barometer of

:02:34. > :02:38.the economy? It's true that people still feel a

:02:39. > :02:42.little uncertain for example about the exchange rate, about the stock

:02:43. > :02:49.market. Therefore you do not see a constantly increasing trend of the

:02:50. > :02:53.growth rate of China's consumption. But it is actually experiencing a

:02:54. > :02:57.transition and people are consuming more than ten years ago.

:02:58. > :03:02.It is hard to judge the health of an economy but this is actually quite a

:03:03. > :03:06.good pointer. It's a cup of coffee. Now, there's been an explosion in

:03:07. > :03:10.the number of copy shops here and Shanghai consumers are now happy to

:03:11. > :03:14.part with the equivalent of six US dollars for one of these. They

:03:15. > :03:19.didn't spend anything like that 20 years ago. But this country is still

:03:20. > :03:21.struggling with the dominance of old industries.

:03:22. > :03:28.The steel meals and coalmines that powered China's Boom are undergoing

:03:29. > :03:32.big change -- steel mills. The government has promised to shut many

:03:33. > :03:35.of them. It's part of a painful move away from being an economy dominated

:03:36. > :03:41.by inefficient state-owned enterprises. But China is far from

:03:42. > :03:46.grinding to a halt. Take SUV sales, they are going through the roof in

:03:47. > :03:53.an economy that is slowing but still growing at around 6.5%. We want to

:03:54. > :03:59.go to Tibet. Across China? Yeah, across China. Cars, coffee and

:04:00. > :04:03.cinema tickets, it's one way to get a snapshot of the economy as it

:04:04. > :04:11.tries to lead the way in revising the world economy. China's growing

:04:12. > :04:15.clout is a worry for G20 leaders, China is interested in Russia's

:04:16. > :04:19.natural resources. Ahead of the G20 summit, the Japanese and Russian

:04:20. > :04:23.leaders have been meeting in Moscow but the two countries remain at odds

:04:24. > :04:26.over a decades-old territorial dispute involving a string of

:04:27. > :04:34.Russian controlled western Pacific Islanders. The Japanese

:04:35. > :04:39.pharmaceutical company Takeda has won a US contract to develop a

:04:40. > :04:44.vaccine for Zika. It is worth $200 million and it will help the vaccine

:04:45. > :04:49.get ready for initial testing. Human trials are due to start in a year.

:04:50. > :04:53.Currently there is no drug or vaccine available to fight the Zika

:04:54. > :04:57.virus. Will a US interest rate rise come this month as many expect? We

:04:58. > :05:01.can get a better idea with the latest US jobs numbers out later

:05:02. > :05:03.today. Let's look at how those numbers could influence the Fed's

:05:04. > :05:15.decision. This month's US job report is very

:05:16. > :05:18.significant because it may determine whether the Federal Reserve hikes

:05:19. > :05:31.interest rates for only the second time in the last ten years.

:05:32. > :05:39.If we get strong job creation in excess of 180,000 jobs in August,

:05:40. > :05:45.wage growth that continues to go up, and evidence that they might labour

:05:46. > :05:50.markets like is disappearing because people aren't rushing back into the

:05:51. > :05:54.labour market then the Fed will find it hard to not hiked rates when it

:05:55. > :06:11.meets in just over two weeks. -- hike.

:06:12. > :06:17.More than 1 million Indian workers are expected to strike today in a

:06:18. > :06:21.nationwide protest by unions. Industries including power, ports

:06:22. > :06:23.and banking are expected to be disrupted by their claim for higher

:06:24. > :06:31.pay. Schleper has more from Delhi. When you want to protest in India's

:06:32. > :06:35.capital, this is where you come. We expect this area to be packed for

:06:36. > :06:39.the country's biggest protest in more than a year. Higher wages are

:06:40. > :06:42.part of the debate but it's about something more fundamental, should

:06:43. > :06:49.sweeping reforms, which the Modi government said is essential for the

:06:50. > :06:53.economy, go-ahead? A lot has been made plans to allow more foreign

:06:54. > :06:56.investment in some of the countries biggest industries. Some

:06:57. > :07:03.pharmaceuticals and defence to aviation -- from. But some say that

:07:04. > :07:09.more private sector influence threatens jobs. And they also object

:07:10. > :07:13.to plans to sell more stakes in businesses like coal India,

:07:14. > :07:17.industries that many say should stay under state control. So how

:07:18. > :07:22.constructive will be action be -- destructive? Many Indians won't have

:07:23. > :07:26.access to state run bank accounts and also dock workers will strike

:07:27. > :07:29.affecting trade. But there's no effect on power supply and also

:07:30. > :07:35.railway workers aren't part of the strike, meaning the country's key

:07:36. > :07:39.transport routes will run normally. Threats of such action normally

:07:40. > :07:42.result in last-minute cancellations and promises of talks and

:07:43. > :07:46.concessions. But they are going ahead this time and that underlines

:07:47. > :07:50.the strength of feeling many in this country have against reform, reforms

:07:51. > :07:52.that are a central plank of the government plans to make a more

:07:53. > :08:00.competitive India. Now to Berlin where Asia's

:08:01. > :08:04.technology giants are dominating Europe's biggest consumer technology

:08:05. > :08:10.show, IFA. The likes of Sony and Samsung are pushing their vision for

:08:11. > :08:12.a so-called Smart Home. Rory Cellan-Jones takes a sneak peak.

:08:13. > :08:18.In Berlin this week, a glint of products that tech firms hope will

:08:19. > :08:22.soon be in your home and they are betting it will be a smart,

:08:23. > :08:26.connected home. The word smart is everywhere. This Chinese firm has

:08:27. > :08:30.even made it smart to take a nap. This smart mattress will even tell

:08:31. > :08:36.me on that screen how well I have slept. Actually I slept brilliantly!

:08:37. > :08:39.Over at the giant Samsung stand, there's an old favourite, the

:08:40. > :08:49.Internet connected fridge. What makes this different is that it and

:08:50. > :08:52.other are all controlled from a smartphone app can even see into the

:08:53. > :08:54.fridge. There's three cameras inside the fridge, every time the door

:08:55. > :08:58.closes it takes an image. You can add the expiry date so I know I have

:08:59. > :09:02.got to eat a cake in the next day. TVs continue to get bigger with ever

:09:03. > :09:06.sharper pictures. Many this year both curved screens. And Sony is

:09:07. > :09:10.looking a bit further into the future with this projection system

:09:11. > :09:14.that turns any surface into a magical interactive space.

:09:15. > :09:19.Characters from the book have lept out of the book magically onto the

:09:20. > :09:23.table. It is Europe's biggest technology show, but what are the

:09:24. > :09:28.big names we have seen so far? Samsung, Sony, a range of American

:09:29. > :09:34.and Chinese companies, but where are the big European names taking a bite

:09:35. > :09:38.out of this market? To be fair, there are plenty of

:09:39. > :09:42.German firms here from Siemens to this Berlin based start-up with a

:09:43. > :09:46.security camera that uses artificial intelligence to distinguish between

:09:47. > :09:51.homeowner and burglar. But overall Europe seems to be lagging behind.

:09:52. > :09:55.Europe remains an important market for technology firms, and from robot

:09:56. > :09:58.vacuum cleaners to a gadget that let's you play with your cat when

:09:59. > :10:03.you are away, there will soon be plenty of new products vying to make

:10:04. > :10:06.your home smarter. Rory Cellan-Jones, BBC News, Berlin.

:10:07. > :10:14.Wonderful new technology. A quick look at the markets, as you can see,

:10:15. > :10:17.stops here are slipping in early Friday trade despite US stocks

:10:18. > :10:22.closing positively overnight, investors basically moving to the

:10:23. > :10:25.sidelines as they await the all-important unemployment data from

:10:26. > :10:29.the US which will be coming out later today. Thank you so much for

:10:30. > :10:31.investing your time with us. I'm Rico Hizon. Sport Today is coming up

:10:32. > :10:37.next. As a second pregnant woman

:10:38. > :10:41.in Singapore is found infected with the Zika virus,

:10:42. > :10:45.the Prime Minister declares