0:00:00 > 0:00:04Now on BBC News, all the latest business news live from Singapore.
0:00:16 > 0:00:18It's a "yes" vote
0:00:18 > 0:00:20It's a "yes" vote for legalising same-sex marriage in Australia. We
0:00:20 > 0:00:27look at how the pink dollar could boost the economy. Hack or fact? A
0:00:27 > 0:00:31BBC team investigates claims Apple's face identification system on its
0:00:31 > 0:00:42iPhone X is not secure. Hello and welcome to Asia Business
0:00:42 > 0:00:45Report, I'm Sharanjit Leyl. Australians have voted in favour of
0:00:45 > 0:00:50same-sex marriage, the results were announced this morning. It paves the
0:00:50 > 0:00:54way for legislation that will make Australia the 26th nation to
0:00:54 > 0:01:00legalise same-sex unions, and there could be economic benefits. By some
0:01:00 > 0:01:04estimates same-sex weddings could give a $1 billion boost to the
0:01:04 > 0:01:07economy assuming every same-sex couple rushes out to tie the knot in
0:01:07 > 0:01:12the first year but that could be a tad optimistic. But research
0:01:12 > 0:01:15suggests same-sex couples in Australia earn more than their
0:01:15 > 0:01:21opposite sex counterparts. Earlier I spoke to her Leigh Fisher from the
0:01:21 > 0:01:26economics and asked what the pink dollar could mean for Australia.We
0:01:26 > 0:01:29would expect about half of the same-sex couples in Australia to
0:01:29 > 0:01:33want to get married and do so in the next two to three years based on
0:01:33 > 0:01:39survey evidence and what's happened in other countries, of the 47,000.
0:01:39 > 0:01:43We expect 25,000 weddings in the short-term, that's about another 10%
0:01:43 > 0:01:46of weddings based on the current level of weddings happening from
0:01:46 > 0:01:51year to year. In terms of costs, the average couple spends somewhere from
0:01:51 > 0:01:56$36,000 to as much as $90,000 on a wedding, depending on what measures
0:01:56 > 0:02:01you use so we can expect to see an increase or an impact on the economy
0:02:01 > 0:02:07of up to anything from $900 million upwards over the next two to three
0:02:07 > 0:02:13years.Doctor Fisher, your research suggests same-sex couples generally
0:02:13 > 0:02:18earn more, why is that? Does that necessarily translate to them
0:02:18 > 0:02:24spending more?Well, the same-sex couples tend to be more likely to be
0:02:24 > 0:02:29jewel income no kids households, so that tends to put them into the part
0:02:29 > 0:02:36of society that has higher incomes. Same-sex male couples aren't
0:02:36 > 0:02:39suffering from the gender pay cap, so they tend to have higher incomes,
0:02:39 > 0:02:45so we might think that would translate to being on the higher
0:02:45 > 0:02:50spending on weddings. Same-sex couples sometimes face lower levels
0:02:50 > 0:02:54of support from their family, they might have lower transfers from
0:02:54 > 0:02:58their families to pay for their wedding. It could be more but there
0:02:58 > 0:03:02could be some moderation on that spending.Hey Leigh Fisher speaking
0:03:02 > 0:03:06to me earlier. A Hanoi based firm that says they
0:03:06 > 0:03:10have proved the iPhone X face IDE system isn't as secure as Apple
0:03:10 > 0:03:16suggests has shown off its hack to the BBC -- ID system. They have
0:03:16 > 0:03:22shown the handset can be unlocked by a specially crafted mask. Apple
0:03:22 > 0:03:24hasn't commented beyond directing the public to details published
0:03:24 > 0:03:29online about the system but other experts have cast doubt about
0:03:29 > 0:03:31whether the demonstration truly undermines the alternative to
0:03:31 > 0:03:32fingerprint checks.
0:04:46 > 0:04:50TRANSLATION:We are talking about PRC, or proof of concept. During the
0:04:50 > 0:04:55process of creating this mask, we went through several steps. First
0:04:55 > 0:05:00the phone has to recognise a real human face, and then we test each
0:05:00 > 0:05:05part of the mask to see whether the phone camera kit nice it is a real
0:05:05 > 0:05:13face. When I do each experiment, I have to unlock the phone with my
0:05:13 > 0:05:17face, so the phone isn't trying to recognise the mask but the real
0:05:17 > 0:05:27human face. -- can recognise it as a real
0:05:29 > 0:05:34These are actual masks used by the engineering team to train the neural
0:05:34 > 0:05:41networks to protect against them, face IDE. It's incredible. -- face
0:05:41 > 0:05:51IDE. -- face IDE. -- face IDE.
0:06:11 > 0:06:15TRANSLATION:I don't deny that what we did would strengthen our
0:06:15 > 0:06:19company's reputation, but we should see that as our job. This is
0:06:19 > 0:06:23something we've done for nearly 20 years. We were the first to point
0:06:23 > 0:06:27out facial recognition technology was not entirely secure and it's
0:06:27 > 0:06:30understandable we're still keeping an eye on it and proving whether the
0:06:30 > 0:06:37tech is mature. A BBC investigation there.
0:06:37 > 0:06:41Uber has had another high-level departure. It's true for policy for
0:06:41 > 0:06:45India and South Asia has quit but it's not all bad news for users in
0:06:45 > 0:06:52the rapidly growing market, news Japan's Softbank has rest,
0:06:52 > 0:06:55registered interest in investing in Uber could change the course of a
0:06:55 > 0:07:00fierce war over taxi apps in India. Yogita Limaye explains.
0:07:00 > 0:07:05Many of these cars are taxis that can be hailed using Uber or its
0:07:05 > 0:07:09Indian equivalent. The two companies are fighting a stiff battle against
0:07:09 > 0:07:14each other in a fast-growing Indian market. Uber is a global giant and
0:07:14 > 0:07:19the Indian one is a homegrown brand, but now their fight could get
0:07:19 > 0:07:24complicated in the months to come. One of their biggest investors is
0:07:24 > 0:07:29Softbank, which has put in millions of dollars into the company in the
0:07:29 > 0:07:34past two years. But now Japan's Softbank has said it is also
0:07:34 > 0:07:39considering an investment in Uber. No deal has yet been reached but
0:07:39 > 0:07:44Uber has said that progress has been made. They have declined to comment
0:07:44 > 0:07:48on the development but what did it all mean for these two firms in
0:07:48 > 0:07:52India? Ultimately there is speculation that if Softbank became
0:07:52 > 0:07:56an investor in both companies it would try to merge them. We've
0:07:56 > 0:08:00already seen something similar this year. Softbank is an investor in two
0:08:00 > 0:08:06of India's biggest e-commerce companies, and it tried very hard
0:08:06 > 0:08:10for Flipkart to buy out the other one but things didn't work out
0:08:10 > 0:08:15because other investors blocked the deal. India is a tricky market for
0:08:15 > 0:08:22investors and operators, but for Uber it is also the most important
0:08:22 > 0:08:27market after the US, especially as it exited China. Nevertheless, it's
0:08:27 > 0:08:31also had its share of challenges here. Just yesterday the head of
0:08:31 > 0:08:36policy for Uber in India and South Asia announced she was leaving after
0:08:36 > 0:08:41only a year and earlier this year a top global executive had to quit
0:08:41 > 0:08:44after revelations he obtained medical records of a woman raped by
0:08:44 > 0:08:50an Uber driver in 2014. In the span of less than three years, Uber and
0:08:50 > 0:08:54Ola have changed the way people in Indian cities travel and so these
0:08:54 > 0:08:57constables will be watching closely to see how these changes affect them
0:08:57 > 0:09:06in the future -- customers. Japan's economy continues its slow
0:09:06 > 0:09:10march to stability, if not outright strength. Data in the last few hours
0:09:10 > 0:09:15shows the well's third-largest economy showing another quarter of
0:09:15 > 0:09:19games. Here's business reporter Matt Morrison. What has led to the
0:09:19 > 0:09:25change?-- games. The name of the game is exports and that's what is
0:09:25 > 0:09:29driving this. The economy minister came out and said to reporters after
0:09:29 > 0:09:33this announcement that there is no change to our view that the economy
0:09:33 > 0:09:38is recovering moderately as a trend. What he is talking about is the
0:09:38 > 0:09:42economy grew 1.4% in the past quarter compared to last year. That
0:09:42 > 0:09:49is mostly among expectations, better than some thought it, it's the
0:09:49 > 0:09:52second quarter of growth, the longest run since the beginning of
0:09:52 > 0:09:57the century. You have to go back to 1999 to 2001 for the last time that
0:09:57 > 0:10:01happened and it's all about exports. One economist I spoke to say they
0:10:01 > 0:10:05are the gorilla in the room and they are offsetting what has been weak
0:10:05 > 0:10:09demand at home, especially when it comes to consumption. The Japanese
0:10:09 > 0:10:13consumer is just not along the ride for this recovery. While that
0:10:13 > 0:10:17remains flat, that's going to be a problem moving forward because
0:10:17 > 0:10:22basically everyone has a job in Japan and if they're not spending
0:10:22 > 0:10:26now, when are they going to spend? Matt, thanks very much, ending this
0:10:26 > 0:10:32edition of Asia Business Report. Thanks very much for that watching.