:00:19. > :00:27.Thawed relations. Japan and China holds direct economic talks for the
:00:28. > :00:31.first time in nearly two years. Tears and disappointment. The impact
:00:32. > :00:39.on Indian workers with the new Australian visa laws. Good morning,
:00:40. > :00:45.Asia. Hello, world. Welcome to another edition of Asia Business
:00:46. > :00:50.Report. It's a Monday. It may be May Day or Labour Day were you are, but
:00:51. > :00:54.we know that markets have a lot to digest in the next few days. Japan
:00:55. > :00:58.and China are resuming bilateral trade talks after two years starting
:00:59. > :01:02.from today. The Federal Reserve kicks off its two-day meeting.
:01:03. > :01:07.Investors will be looking for clues on how many more US rate hikes could
:01:08. > :01:15.be in store this year. That is the same day that tech giant, Apple,
:01:16. > :01:19.will give its financial report card. Facebook follows the next day. And
:01:20. > :01:23.on Thursday, the Australian Prime Minister, Malcolm Turnbull, meets US
:01:24. > :01:32.President Donald Trump in New York. What can we expect from this busy
:01:33. > :01:37.week? I asked a guest what he is expecting from Japan and China. The
:01:38. > :01:46.relationship between Japan and China at the political level is a very
:01:47. > :01:50.sensitive one. There are deep roots to that and I won't dwell on them.
:01:51. > :01:54.But I think this is symbolic of Xi Jinping moving to calm things down
:01:55. > :01:57.in the neighbourhood. This is a good time for Japan and China to have
:01:58. > :02:00.constructive dialogue on something other than North Korea. So,
:02:01. > :02:04.hopefully, you know, it is a positive for the region, and, of
:02:05. > :02:09.course, China being such an important economic engine for the
:02:10. > :02:14.world, hopefully it is a positive for the economy of the region, as
:02:15. > :02:17.well as its politics. Let us look at those big technology giants
:02:18. > :02:25.reporting this week. Are you more interested in Apple or Facebook's
:02:26. > :02:29.earnings? Apple is such an old reliable at this stage in the game
:02:30. > :02:35.that the only thing we can expect is positive surprises, as opposed to
:02:36. > :02:40.those who like to paint doom and gloom for Apple. It is a good were
:02:41. > :02:45.cause for investors. Facebook is more interesting for me. -- work
:02:46. > :02:49.horse. It gives an indication of what is happening in the world of
:02:50. > :02:54.the Internet. Facebook is the bellwether for these kinds of
:02:55. > :02:59.relationship based Internet stocks. And it is the counterpoint to other
:03:00. > :03:04.stocks like Twitter and so on who don't have as much substance. It is
:03:05. > :03:08.going to be a colourful week. Last week was as well. Lots of
:03:09. > :03:14.opportunity for investors if they pay attention. Now, Australia and
:03:15. > :03:20.the US. We know they are old allies. But there was a famously awkward
:03:21. > :03:24.phone call between Donald Trump and Malcolm Turnbull. Will be expect the
:03:25. > :03:30.good ties between these countries to continue later this week? So, I
:03:31. > :03:33.think, obviously, underneath the surface of that relationship between
:03:34. > :03:38.the US and Australia, it will continue to soldier on, regardless
:03:39. > :03:42.of who is in the leadership position of either country. But I think at
:03:43. > :03:49.the sort of level of public drama, we hopefully will see a gearshift as
:03:50. > :03:52.Donald Trump has managed in a number of other circumstances so that what
:03:53. > :03:56.was apparently an awkward interchange becoming something more
:03:57. > :03:59.of a man-to-man friendly relationship. And we have the US
:04:00. > :04:08.Federal Reserve coming out with interest rates, up or down, or any
:04:09. > :04:11.at all? Well, I am hoping that the Federal Reserve, having played front
:04:12. > :04:16.and centre for everybody over the last few years, becomes more of a
:04:17. > :04:22.sideshow and real economic activity starts to drive interest. I won't
:04:23. > :04:27.make a prediction, though we expect a number of rate increases this
:04:28. > :04:31.year. James speaking to me earlier. Last week, Australia announced
:04:32. > :04:34.sweeping changes to its visa rules, making it much harder for its
:04:35. > :04:38.skilled workers to come from overseas. It is aimed at
:04:39. > :04:47.prioritising jobs for Australia. Indians make up nearly a quarter of
:04:48. > :04:50.skilled immigrants, with others being British and Filipinos. 8000
:04:51. > :04:58.visas were granted to them in the last nine months to be how has the
:04:59. > :05:16.move gone down in India? I really wonder. I cannot believe this has
:05:17. > :05:31.stopped. Is there any other possibility out there? It is over.
:05:32. > :05:40.We have invested a lot of time into this. They have to move 200
:05:41. > :05:44.occupations from the skilled list. Those in the pipeline whose cases
:05:45. > :05:50.were being processed, they suddenly cannot go along any longer. The last
:05:51. > :05:56.two years we have been very focused on going to Australia. We started
:05:57. > :06:04.with our skill assessment. We paid $3000. We spoke to our families, we
:06:05. > :06:19.said we are finally going. Something like this was unexpected. The US is
:06:20. > :06:31.getting tougher on visas as well. People are migrating from the US and
:06:32. > :06:39.UK to Canada and Australia. It will affect me, I think. Me and most of
:06:40. > :06:44.the students in the future. Because, if they are changing the rules, they
:06:45. > :06:51.are giving the job is to Australians, not the Indians. I
:06:52. > :07:00.worked really hard. I left no stone unturned for this. We have been
:07:01. > :07:08.preparing. Everything has just become confusing. A personal look at
:07:09. > :07:15.what those visa changes entail. Another bit of business news. Demand
:07:16. > :07:22.for South Korean goods led to a 15% jump. Shipments to China jumped 10%
:07:23. > :07:26.compared to a year ago. The mainland is the largest export market for
:07:27. > :07:32.South Korea, followed by the US and the EU. And President Joko Widodo
:07:33. > :07:36.travelled to the hometown of the Philippine president, Rodrigo
:07:37. > :07:40.Duterte, in the Philippines. The Indonesian leader was there to
:07:41. > :07:45.inaugurate a new shipping lane to boost trade between the two
:07:46. > :07:51.countries. It will reduce shipping time from five weeks to three days.
:07:52. > :07:55.US President Donald Trump has invited the Philippine president to
:07:56. > :08:01.Washington in a phone call over the weekend. They discussed the threat
:08:02. > :08:09.of North Korea and the war on drugs in the Philippines. Public access to
:08:10. > :08:17.wireless Internet, Wi-Fi, maybe ubiquitous in many big cities right
:08:18. > :08:21.here in Asia. In Germany, would you believe it is a different story?
:08:22. > :08:25.Public Wi-Fi is hard to find. There is a legal reason for it. Wi-Fi
:08:26. > :08:29.owners can be potentially held liable for any illegal activity that
:08:30. > :08:33.occurs on their network. Campaigners have been trying to change this and
:08:34. > :08:37.draft legislation has been put forward. But that is also facing
:08:38. > :08:43.opposition. We have more from Berlin. If you are looking for a
:08:44. > :08:48.morning coffee, there are few better places than Berlin's trendy cafes.
:08:49. > :08:55.If you like to check your e-mails while sipping a large hey, you might
:08:56. > :09:03.find Wi-Fi hard to come by. -- latte. A new law means that Wi-Fi
:09:04. > :09:08.owners could be asked to pay up if it is used by others to download
:09:09. > :09:14.illegal content. I have never heard of anyone being sued for illegal
:09:15. > :09:18.downloads. But to make sure, we have got liability insurance. Confusion
:09:19. > :09:26.could be one of the reasons why so many cafes do not offer Wi-Fi.
:09:27. > :09:30.German politicians never admits an opportunity to talk up the digital
:09:31. > :09:35.economy of the country. So the fact that cafes like this can lack Wi-Fi
:09:36. > :09:42.is something of an embarrassment. A new law is moving through German
:09:43. > :09:46.parliament set out to fix this. Not all campaigners are happy with
:09:47. > :09:51.legislation. It is a good thing and a bad thing. The good thing is that
:09:52. > :09:56.it tries to review the section about liabilities and states very clearly
:09:57. > :10:02.that under no condition can the holder be liable for third-party
:10:03. > :10:07.downloads. But at the same time, the draft law states that you can ask
:10:08. > :10:11.the operator for blocking a certain information that is related to
:10:12. > :10:14.copyright infringement. According to the draft law, you can do that even
:10:15. > :10:20.without a court order. Whatever shape the legislation takes, the
:10:21. > :10:24.race is now on to get something passed before the German elections
:10:25. > :10:30.on September. Jo Miller, BBC News, Berlin. A quick look at markets.
:10:31. > :10:34.Only Australia is open to date. That is it for Asia Business Report. --
:10:35. > :10:35.today. Thank you for