:00:00. > :00:13.Now on BBC News, all the latest business news live from Singapore.
:00:14. > :00:35.Google parent, out of ode, gives its forecast. -- Alphabet. Hideo Kojima
:00:36. > :00:38.takes us on a tour of his studio. Good morning, Asia. Hello, world.
:00:39. > :00:43.I'm Rico Hizon. Thank you for investing your time with another
:00:44. > :00:49.Asia Business Report. It's a Friday. We start with Google's efforts to
:00:50. > :00:55.diversify away from its main search engine business. It is beginning to
:00:56. > :01:02.pay off. Alphabet said profits rose by 8% to over $5 billion. It was
:01:03. > :01:07.lower than we expected. I asked our reporter how the core business,
:01:08. > :01:15.Google, has been performing. Google is about how many ads can be put
:01:16. > :01:20.among the search results. 36% more people are clicking on the
:01:21. > :01:25.advertisements than last year. That is a good sign. More people clicking
:01:26. > :01:29.on them. But as the company continues to move over to the Mobile
:01:30. > :01:35.world as opposed to the desktop search engine, it is finding
:01:36. > :01:41.advertisers are willing to pay less for those advertisements. That is
:01:42. > :01:44.happening more. The amount they want to spend earning those clicks is
:01:45. > :01:49.lower than before. Good signs of growth. But still unbelievably you
:01:50. > :02:01.could still say Google is transitioning to mobile. And, of
:02:02. > :02:06.course, Alphabet has other bets, apart from Google. How are they
:02:07. > :02:15.faring? What we are looking out for this time is the hardware they
:02:16. > :02:19.brought out in the last year. The Google phone, Pixel, is lumped in
:02:20. > :02:22.with all the other stuff. There is a suggestion it is performing well,
:02:23. > :02:26.though we do not know how much. The company has grown revenue in things
:02:27. > :02:29.that do not make money in the beginning but will in the future.
:02:30. > :02:35.Revenue is growing. They are only marginally beating the costs. Still
:02:36. > :02:43.a big loss for the company as a whole. But the investors group is
:02:44. > :02:50.demand of lowering the costs is happening, though gradually. San
:02:51. > :03:01.Francisco. And a Singapore fund says it will invest in Alphabet's
:03:02. > :03:06.subsidiary focussing on healthcare. Alibaba is muscling in on the global
:03:07. > :03:14.payments industry. They are buying it for $880 million. That is part of
:03:15. > :03:19.the on line payment industry. That gives it a foothold in the multi
:03:20. > :03:27.billion dollar global remittances sector. Toshiba will reveal how much
:03:28. > :03:32.of a multimillion dollar charge it will stake on its new American
:03:33. > :03:39.business. It has been reported that the hold in Westinghouse nuclear
:03:40. > :03:47.enterprise could be as big as $6 billion to raise money for a
:03:48. > :03:56.spin-off. This is the core moneymaking unit. Microsoft reported
:03:57. > :04:10.its results, 3.5% rise in profits. That is due to be -- the Cloud. They
:04:11. > :04:14.have moved towards Cloud services and mobile acquisitions away from
:04:15. > :04:18.its software business. US President Donald Trump the British Prime
:04:19. > :04:22.Minister Theresa May to the White House later this Friday. She will be
:04:23. > :04:27.the first Foreign Minister to meet with Donald Trump since he took
:04:28. > :04:30.office last week. They are expected to discuss a potential trade deal
:04:31. > :04:37.following Britain's exit from the EU. We have the details. We are
:04:38. > :04:42.excited that Theresa May is coming on Friday. We are looking forward to
:04:43. > :04:46.it. It may not seem like it, but President Donald Trump and Prime
:04:47. > :04:51.Minister Theresa May have a few things in common. The rise in power
:04:52. > :04:56.was killed by a rejection in the establishment. They are trying to
:04:57. > :05:00.create bilateral trade deals. When he talks to Prime Minister Theresa
:05:01. > :05:03.May, he will have a great conversation about the potential for
:05:04. > :05:09.greater trade with the UK. The pressure is on. Negotiations are
:05:10. > :05:14.imminent. Kneeling down a trade agreement with the US would give
:05:15. > :05:18.Theresa May a real big boost back home. But Donald Trump also wants to
:05:19. > :05:24.see a quick agreement. His America first rhetoric has many world
:05:25. > :05:28.leaders weary. I will be talking to Donald Trump about the issues that
:05:29. > :05:32.we share, about how we can build on the special relationship. It is the
:05:33. > :05:37.special relationship that allows us to say when we find things
:05:38. > :05:40.unacceptable. The fact she is the first world leader to visit the
:05:41. > :05:42.White House under a Donald Trump administration is perhaps a
:05:43. > :05:47.testament to Britain's special relationship with the United States
:05:48. > :05:53.pillar we have always had that special relationship with Britain.
:05:54. > :05:56.And that reflects in the first visit here. He has had a great
:05:57. > :06:00.conversation with her. He looks forward to having her here. But we
:06:01. > :06:08.could always be closer. Samira Hussain reporting. The flying
:06:09. > :06:13.kangaroo has taken off to Beijing. They are expanding their business
:06:14. > :06:17.after a record profit happening in 2016. Previously, Qantas had been
:06:18. > :06:21.losing billions of dollars with a three-year restructuring efforts
:06:22. > :06:25.under Alan Joyce having a turnaround that was remarkable. We spoke in
:06:26. > :06:30.Beijing about why China is a remarkable and attractive market.
:06:31. > :06:33.That has been a huge boost in the market. The amount of Chinese
:06:34. > :06:39.travellers coming to Australia is now up to 1.2 million a year. By
:06:40. > :06:44.2018, it will be the largest tourism market into Australia. It has more
:06:45. > :06:47.than doubled since that period. We have also seen a Free Trade
:06:48. > :06:51.Agreement between Australia and China, which has really boosted the
:06:52. > :06:56.business demand and business traffic on that route. And we have also seen
:06:57. > :07:08.a big increase in agricultural products in put -- in particular. We
:07:09. > :07:17.know that fresh dairy products will go even further. A bit different. We
:07:18. > :07:22.believe this is absolutely the time to come into the market to make
:07:23. > :07:27.money on this. This decision to reopen the flight route into Beijing
:07:28. > :07:32.is obviously driven more by a Chinese passengers coming to
:07:33. > :07:37.Australia, not the other way around. Is that right? The big explosion is
:07:38. > :07:40.with Chinese passengers coming in. But with the Free Trade Agreement we
:07:41. > :07:46.have seen the Beijing market bring the 11th largest corporate market
:07:47. > :07:50.into Australia. We served the top ten. Beijing is what we do not
:07:51. > :07:54.serve. It makes sense for the Australian corporate market where
:07:55. > :07:59.there is huge demand to go to Beijing. Chief Alan Joyce. He may
:08:00. > :08:06.not be a household name, but the game designer from Japan, Hideo
:08:07. > :08:13.Kojima, is behind some of the most successful videogame. He invented
:08:14. > :08:17.the stealth genre still popular today. His latest game has his fans
:08:18. > :08:25.in suspense. Move slowly. For decades, he made Metal Gear titles
:08:26. > :08:29.for the game company Konami, which made millions of copies. But after
:08:30. > :08:34.splitting from them controversially in 2015, gamers across the world are
:08:35. > :08:40.wanting to find out what happens next. There have been two trailers
:08:41. > :08:48.so far about his new game, Death Stranding, which will be a way
:08:49. > :08:52.station exclusive. -- Playstation. TRANSLATION: We want this game to be
:08:53. > :08:57.something people can get into very easily. But after they pay for 1.5
:08:58. > :09:01.hours, they will see something different. It is something they have
:09:02. > :09:07.not played before. So the motion capture... It is normal to stay
:09:08. > :09:12.tightlipped about upcoming projects like this. It is far too soon for
:09:13. > :09:18.people to test it. So no one can say if it will be any good. Are you in
:09:19. > :09:23.the game? LAUGHTER. But the idea it is different from what has come
:09:24. > :09:26.before is no surprise to be as we visit places that have been
:09:27. > :09:31.important turning point in his history, he explains how he sees the
:09:32. > :09:33.gaming industry changing forever, with movies, games, and music,
:09:34. > :09:38.converging in different ways that the TRANSLATION: Things such as
:09:39. > :09:42.games and music and novels and movies, they were all meshed
:09:43. > :09:50.together into one new type of entertainment. What struck me about
:09:51. > :09:54.spending time with Hideo Kojima, is here is a man who has achieved
:09:55. > :09:59.everything there is to achieve in the game industry. But he said he
:10:00. > :10:02.would not retire. He is still passionate and energetic about
:10:03. > :10:07.technology and gaming. And he is still coming up with new ideas. And
:10:08. > :10:10.he said he has set himself the biggest challenge yet. He has
:10:11. > :10:16.changed the gaming industry once. Now he wants to do it again. BBC
:10:17. > :10:22.News, Tokyo. A brilliant videogame maker. The markets now. Asian
:10:23. > :10:28.markets, as you can see, are quite firm, most of them. The Nikkei is up
:10:29. > :10:34.by two fifths of 1%. The older in positive territory. I am Rico Hizon.
:10:35. > :10:35.-- the All