:00:00. > :00:10.More for me later that he is Ricoh with the Asia Business Report.
:00:11. > :00:25.Samsung 's share price plunges after it stops worldwide sale and
:00:26. > :00:29.exchanges of its Galaxy Note 7. Look at how Google is helping women in
:00:30. > :00:38.rural India improve their lives via the Internet will not good morning
:00:39. > :00:46.Asia. Hello, world. It is Tuesday and we're glad you could join us. I
:00:47. > :00:51.am Rico. We start with Samsung and the crisis at the conglomerate is
:00:52. > :00:58.getting worse. Its shares have opened sharply lower, down around 5%
:00:59. > :01:02.after it cold shops across the globe to stop selling its new Galaxy Note
:01:03. > :01:07.7. They told users to turn their phones off. This comes after new
:01:08. > :01:14.complaints in the United States that their replacement Galaxy Note 7
:01:15. > :01:20.overheated. What will this mean for the company? Stephen Evans gave as
:01:21. > :01:23.this update from Seoul. I think it is bordering on corporate disaster.
:01:24. > :01:28.It will go down in the business School logbooks. What you don't do
:01:29. > :01:33.is recall the product, a flagship product design to complete directly
:01:34. > :01:38.with your competitor in particular time, recall it and then reissue it
:01:39. > :01:43.and it is safe and then say please don't use it. Everybody stopped
:01:44. > :01:49.using it and tell the stores that they cannot sell it. Stop selling
:01:50. > :01:53.it, stop using it. This is a serious situation. They recalled at 2.5
:01:54. > :01:57.million of these phones. There are many out there. That is 2.5 million
:01:58. > :02:03.people on this planet who have now been told you have paid around $800
:02:04. > :02:09.for your phone, do not use it. They will clearly not be very happy about
:02:10. > :02:14.that. The problem with the smart phone, the sad impact Samsung's
:02:15. > :02:19.brand as a whole? Even its other products? No indications that it is
:02:20. > :02:25.impacting other products but it has got to take the brand. This was
:02:26. > :02:31.meant to be the big shiny piece of jewellery that took on the iPhone
:02:32. > :02:36.seven. They lost a month of that sales dry with the first recall and
:02:37. > :02:42.they are now losing... We do not know how much. Think of the Chinese
:02:43. > :02:47.market where there are Chinese producers for iPhone, apple has a
:02:48. > :02:51.particular iconic cachet. This delicacy note seven was meant to
:02:52. > :02:56.attack that cachet. It was meant to be the kind of competitor which had
:02:57. > :03:03.a similar cool feel about it. There is nothing cool about a product
:03:04. > :03:07.recall. There is nothing cool, obviously, about batteries that may
:03:08. > :03:13.catch fire. What is Samsung going to do about it? Will it say we have
:03:14. > :03:17.this wrong, clearly the battery technology is a huge problem and we
:03:18. > :03:22.need to return to the drawing board on this or will it say that we have
:03:23. > :03:29.looked and it is a glitch and we now proceed. There is a lot of hard
:03:30. > :03:32.thinking going on in that company. Samsung could have more financial
:03:33. > :03:36.problems on the way with the US Supreme Court set to finalise how
:03:37. > :03:42.much it should pay rival apple for illegally copying the iPhone. In the
:03:43. > :03:46.original court ruling the world 's largest smartphone maker was ordered
:03:47. > :03:54.to pay close to $400 million in a tit for tat. Moving out to oil price
:03:55. > :03:58.and the price of crude has hit a one-year high after Russia said it
:03:59. > :04:02.would support OPEC proposal to freeze production. The group of
:04:03. > :04:07.countries are gathered again, this time in Istanbul, on the sidelines
:04:08. > :04:14.of the world energy Congress. Let's have a look now at how crude prices
:04:15. > :04:23.are faring. $51.28 for light crude and also slightly lower years Brent
:04:24. > :04:30.crude. The big question is now we'll deal to cut supply and reverse the
:04:31. > :04:34.slump in global prices likely? We explain we he believes it will
:04:35. > :04:39.happen. They have got to reduced production anyway as we enter the
:04:40. > :04:42.fourth quarter. Record highs in Russia and Saudi Arabia, they had to
:04:43. > :04:53.reduce production to avoid completely flooding the market. To
:04:54. > :04:58.700,000 barrels cut a day is significant. It is less than 2% of a
:04:59. > :05:07.cut. This is all talk at the moment. When will it happen? We are seeing
:05:08. > :05:13.the market pricing things upwards. The end of November. The market is
:05:14. > :05:18.already pricing it because OPEC and other groups such as Russia are
:05:19. > :05:24.doing a very good job at tipping things and making it frisky. The
:05:25. > :05:32.market has responded moving prices are but aware. You mention the price
:05:33. > :05:37.yesterday, one year ago we hit that number. And then in November,
:05:38. > :05:43.December it crashed and we were at 30 in January. Has the cut that may
:05:44. > :05:47.happen at the end of November already been priced in? If it
:05:48. > :05:51.happens can we see a surge in the price of oil or has it already
:05:52. > :05:56.topped off at this level? It has been priced in although Saudi Arabia
:05:57. > :06:03.is giving signals they would like to see prices move up to about $60. If
:06:04. > :06:07.we see significant... Say, 700,000, then I think the marker will say
:06:08. > :06:14.yes. They have done the right thing. Oil and gas consultant Tony Regan.
:06:15. > :06:18.Google is working hard to get more online people in developing markets.
:06:19. > :06:23.In India it is even teaching some rural women how to use the Internet.
:06:24. > :06:29.Facebook tried to tap into India's rural areas last year and failed. So
:06:30. > :06:41.can Google succeed where Facebook flopped? The saris sold here made in
:06:42. > :06:47.cities across India. They have been making the traditional garments for
:06:48. > :06:55.generations. The women in my village all know how to make breaded saris.
:06:56. > :06:59.Once they saw them on the Internet they started to make their own
:07:00. > :07:05.versions which earned them a lot more muggy. She calls herself a
:07:06. > :07:13.digital trainer. But if a new initiative by Google and data trust
:07:14. > :07:19.called Internet buddy she has been tasked with teaching women in rural
:07:20. > :07:28.areas basic digital skills. After affordability and infrastructure,
:07:29. > :07:32.the next big challenge facing global companies is convincing people that
:07:33. > :07:36.the Internet can be useful. And for people coming from rural areas where
:07:37. > :07:40.people are not even aware of what the Internet is, that will not be an
:07:41. > :07:45.easy task. Google wants to take the Internet to 300,000 villages in the
:07:46. > :07:51.next three years. An ambitious target. Access to information on
:07:52. > :07:56.whether access to information about farming practices, especially
:07:57. > :07:59.pricing. Access to information about government schemes relevant to them.
:08:00. > :08:04.The single biggest biggest insight for us is that if we want to get the
:08:05. > :08:07.women online we have to have products and services that are going
:08:08. > :08:15.to significantly improve their livelihood. Google is not the first
:08:16. > :08:18.tech giant to try and capture the imagination of the rural population
:08:19. > :08:23.in India. Last year Facebook tried to introduce free basics which
:08:24. > :08:27.promised access to some parts of the Internet for free. But the
:08:28. > :08:32.government blocked it ruling the programme unfair to other Internet
:08:33. > :08:38.providers. Competition is essential but analysts say the government it
:08:39. > :08:42.helps make digital India a reality. For companies like Google that also
:08:43. > :08:47.means customers, business and, one day, profits. And for those who are
:08:48. > :08:52.getting online for the first time it as a chance to learn new skills and
:08:53. > :09:02.an insight into a new world. That of the world wide web. That is the
:09:03. > :09:07.effort to get people online for the first time. But at the other end of
:09:08. > :09:11.the scale, some companies are starting to look at five G
:09:12. > :09:15.conductivity. South Korea is expected to roll out testing in 2018
:09:16. > :09:20.when it hosts a Winter Olympics. Industry experts told me how the
:09:21. > :09:28.network will change. Five G brings the telco industry together. With
:09:29. > :09:33.four G was about the consumer and the phone calls they could make in
:09:34. > :09:38.the day today. 5G brings in other things. It connects smart cities,
:09:39. > :09:46.smart homes, the healthcare industry. What challenges do you
:09:47. > :09:51.think will 5G face over the next few years? There is a lot of standard
:09:52. > :09:56.still to be defined. We expected that yet next year or so for that to
:09:57. > :09:59.be clarified. After that there is investment it needs to be made in
:10:00. > :10:04.the current networks to get them ready. Countries like Japan and
:10:05. > :10:12.South Korea and China are very advanced when it comes to 4G
:10:13. > :10:18.technology. Are they at the forefront of moving the technology
:10:19. > :10:21.forward? They're not just at the forefront in Asia-Pacific, they are
:10:22. > :10:26.at the forefront globally. They have invested heavily in 5G development
:10:27. > :10:34.and they will be the first to deploy these solutions. Before we go, here
:10:35. > :10:37.is a quick look at the market. So far so good in early Tuesday
:10:38. > :10:44.training. A positive day for the Japanese and the Australian
:10:45. > :10:50.stock-market. The Nikolay is up by 130 points and it all areas gained
:10:51. > :10:52.17. This is due to a rise in oil prices. Thank you for investing your
:10:53. > :10:54.time with us.