:00:00. > :00:00.party. At the annual conference he wants to give extra cash to
:00:00. > :00:00.communities that have been affected Friday immigration. Next we have the
:00:00. > :00:20.Asian business report. The Mac accessing the Internet with
:00:21. > :00:26.India. We look at Google's push. Holidays, Halla will holidays,
:00:27. > :00:33.businesses are springing up dedicated to Muslim travellers and
:00:34. > :00:39.their needs. Good morning, Asia. Hello world. It is Wednesday. Glad
:00:40. > :00:43.you could join us for this midweek edition. The Wall's biggest
:00:44. > :00:48.technology giants are rushing to connect the population of India to
:00:49. > :00:55.the Internet and by default attract their next 1 billion users. Google,
:00:56. > :00:58.for example, is offering free Wi-Fi services at around 2000 train
:00:59. > :01:03.stations. The project has been making progress. Ugle has seen
:01:04. > :01:11.50,000 new users access the Internet every day. We have the details from
:01:12. > :01:16.Delhi. It is all about big numbers and for Google that means a market
:01:17. > :01:19.in India with huge potential. We already have about 350 million
:01:20. > :01:24.people online and Google estimates that that number could double in the
:01:25. > :01:28.next four years. It will not be easy. More than half the population
:01:29. > :01:32.of India still can not access the Internet and that is what Google is
:01:33. > :01:39.trying to tackle. It hopes to do so by setting up Wi-Fi hotspots in
:01:40. > :01:41.places where a lot of people pass by. Bus stops, universities,
:01:42. > :01:50.shopping more than trains and stations. For the average Indian
:01:51. > :02:03.user, coverage and signal strength are hurdles. Google plans to adapt
:02:04. > :02:07.its apps to better suit the market. The venture was fiercely opposed and
:02:08. > :02:11.eventually shot down with critics saying it would restrict access to a
:02:12. > :02:16.variety of providers and sources on the Internet. Companies like Google
:02:17. > :02:21.and Facebook still do not have the answers to the bigger problem with
:02:22. > :02:26.Internet in India- users you want cheap devices and cheaper data. The
:02:27. > :02:31.possibilities in a market like India are endless. Technology companies
:02:32. > :02:35.say by building products for users here they are preparing for how the
:02:36. > :02:40.world will use technology in the next few years. It was once the
:02:41. > :02:50.leader in sporting brands but now it is facing some tough competition.
:02:51. > :02:56.Despite posting a profit, they are below market expectations sending
:02:57. > :03:01.shares down 4%. In fact, Nike has lost some 13% in the year today due
:03:02. > :03:07.to competition from other sporting apparel companies. Earlier we spoke
:03:08. > :03:12.to a sportswear and Alice from Chicago and asked if the sportswear
:03:13. > :03:22.label can stay on top. There are success stories from underarm in
:03:23. > :03:26.basketball and Adidas in shoes. They are gaining but it does not mean
:03:27. > :03:32.that Nikkei is losing ground. An interesting thing about Nike and
:03:33. > :03:37.sportswear and footwear is that there is a lot of growth to come in
:03:38. > :03:40.the future from China and other emerging markets. That is a bigger
:03:41. > :03:48.question for the company and for consumers in general. Why is greater
:03:49. > :03:54.China and emerging Asian economies a bright spot for Nike when, in China,
:03:55. > :03:58.they have to go against internal companies? That is another good
:03:59. > :04:03.question. In China what I am seeing is that Asian consumers want the
:04:04. > :04:12.real McCoy. They are very sensitive to brand. They want Adidas for what
:04:13. > :04:17.Adidas is good at. And, in basketball, for example, they want
:04:18. > :04:21.Nike. There are potential new consumers coming into the middle
:04:22. > :04:26.class but the existing consumers see Nike is a different town. I don't
:04:27. > :04:34.see the local competitors as being in the same market. Sportswear
:04:35. > :04:38.analyst from Chicago. The WTO has cut its forecast for global trade
:04:39. > :04:42.growth this year by more than one third and it also warned that things
:04:43. > :04:50.could get worse. Here is more on this latest report. The WTO says for
:04:51. > :04:55.the first time in 15 years global trade is glowing at a slower pace
:04:56. > :05:00.than the world economy. It now expects an expansion of nearly 1.7%
:05:01. > :05:05.this year. This compares to a forecast for global economic growth
:05:06. > :05:12.of 2.2%. Among the factors causing the drag of the week economic
:05:13. > :05:16.performances of Brazil and China. But the WTO is also widening that
:05:17. > :05:20.antitrade sentiment such as that which featured heavily in Monday's
:05:21. > :05:23.presidential debate between Hillary Clinton and Donald Trump and in
:05:24. > :05:28.protests in Europe could make matters worse. Especially if it
:05:29. > :05:35.begins to symbolise a broader backlash against globalisation. If
:05:36. > :05:42.you follow economic data closely but you may have noticed that the great
:05:43. > :05:47.figures of Japan get revised upward down significantly. Sometimes the
:05:48. > :05:51.initial figures may suggest a strong economy but later it will show it
:05:52. > :05:55.was an expansion. The government is trying to address this issue at the
:05:56. > :05:59.first meeting of the newly set up study group explains today. I spoke
:06:00. > :06:05.earlier with a Japanese economist and I asked him for the reasons
:06:06. > :06:09.behind the revisions. One reason is that Japan's fiscal strategy is
:06:10. > :06:16.understaffed and some of the early data is not very reliable. For
:06:17. > :06:26.example, private consumption figures are based on a household survey
:06:27. > :06:30.which is based on numbers that switch from ten to 20% every month.
:06:31. > :06:34.That does not make sense because it is based on rent which should be
:06:35. > :06:37.stable. If the government doing the right thing by coming up with this
:06:38. > :06:44.study research group to come up with ways and means to make this economic
:06:45. > :06:53.numbers credible and to the point rather than seeing, you know, wild
:06:54. > :06:58.swings over one or two months? It is a good start. The problem has been
:06:59. > :07:02.going for a long time so it is about time that they addressed it. The
:07:03. > :07:06.study group, of course, is nice but we will of course have to wait and
:07:07. > :07:11.see what exactly they will do and which part of the data will change
:07:12. > :07:17.to make the more reliable. And what part of the data should they change?
:07:18. > :07:20.As I said, the household spending data is one problem. The biggest
:07:21. > :07:27.revision occurred to the investments spending data. At first reading the
:07:28. > :07:34.data is not available you need to prioritise that. The number of
:07:35. > :07:39.Muslim travellers is growing faster indeed. Was on trips are estimated
:07:40. > :07:45.to be worth $145 billion and it is growing 50% faster than the rest of
:07:46. > :07:50.the global tourism industry. So Muslim friendly destinations are
:07:51. > :08:00.huge is on us. We spoke to the co-founder of a motion start-up
:08:01. > :08:03.which does just that. We have state-of-the-art travel for Muslim
:08:04. > :08:07.travellers. We focus a lot on reviews, content, more slum related
:08:08. > :08:11.content. When I was in university I went to many different countries and
:08:12. > :08:15.many different places and I think along the way you tend to realise
:08:16. > :08:20.that there is a huge opportunity for travel sections specifically
:08:21. > :08:24.dedicated for Muslim travellers. Every single company wants to
:08:25. > :08:29.venture into this specific area but nobody had taken the leap to do
:08:30. > :08:33.that. I think it is sort of like the last frontier. A few years ago you
:08:34. > :08:37.had China and this is like China. A much larger scale, however. It is
:08:38. > :08:41.difficult to start something when nobody has done so before so we
:08:42. > :08:44.started talking to the hotels and we started to talk to travel
:08:45. > :08:49.stakeholders and we would come up with the concept of Tripfez. Good
:08:50. > :08:57.afternoon and welcome. You highlight the amenities for Muslim travellers.
:08:58. > :09:02.We have a draw in here with an arrow showing the direction of Mecca, a
:09:03. > :09:07.prayer mat and a poor run. So when they go to a specific hotel they
:09:08. > :09:11.will know whether or not this hotel has high while food and whether you
:09:12. > :09:15.can take the alcohol away from the minibar, where the nearest Halal
:09:16. > :09:20.restaurant is. It is a way to help them on their travel. More and more
:09:21. > :09:26.young Muslims have dispersed to go to places beyond their comfort zone.
:09:27. > :09:30.This is like Bhutan or South Korea or Japan which, traditionally, is
:09:31. > :09:34.very scary for Muslims travellers because you will never find Halal to
:09:35. > :09:38.bear. But nowadays people want to be more adventurous and they want to
:09:39. > :09:42.post an Instagram that I was in Bhutan having food on top of a
:09:43. > :09:46.mountain. Currently we have 50,000 hotels worldwide and we are growing
:09:47. > :09:51.at eight rate of four to 500 hotels a day. Within a year we hope to
:09:52. > :09:56.reach 100,000. That covers about 8% of the world's hotels. We started
:09:57. > :10:00.off in Malaysia and being in Malaysia our focus was on Southeast
:10:01. > :10:05.Asia built within the next six months we want to expand our reach
:10:06. > :10:09.to the Middle East and South Asia. I think there is a huge population
:10:10. > :10:14.within this specific area who are more slum and who want to travel for
:10:15. > :10:19.Muslim way. Before we go, here is a look at the currency markets. Mixed
:10:20. > :10:27.despite gains on Wall Street overnight. The Nikkei is down due to
:10:28. > :10:37.the strength of the yen against the US dollar. Goodbye for now.
:10:38. > :10:46.The operator of Alton Towers has been fined ?5 million after
:10:47. > :10:48.admitting health and safety failings which led