0:00:00 > 0:00:00date.
0:00:00 > 0:00:09Now on BBC News all the latest business news live from Singapore.
0:00:15 > 0:00:20The divorce proceedings within the European Union and Britain breakdown
0:00:20 > 0:00:27in Brussels. And from Korean pop to Australian marriage equality,
0:00:27 > 0:00:35Twitter talks about the biggest trending moments in 2017. Good
0:00:35 > 0:00:40morning Asia, hello, world. Thank you for joining us for another
0:00:40 > 0:00:47exciting addition of Asia Business Report. This morning will be
0:00:47 > 0:00:50watching the pound very closely in Asian trade after Brexit talks broke
0:00:50 > 0:00:58down in the final was hour of negotiations. The dispute over the
0:00:58 > 0:01:02status of the Irish border has turned out to be a major sticking
0:01:02 > 0:01:08point. Theresa May broke off talks after the main party in the northern
0:01:08 > 0:01:12Ireland, the DUP, said it would not support a deal which gave
0:01:12 > 0:01:18significant concessions to the Irish Republic. Earlier I spoke to the
0:01:18 > 0:01:27former state secretary of Denmark if the deal could be salvaged.Theresa
0:01:27 > 0:01:34May has violated the fundamental principle. Before you negotiate, you
0:01:34 > 0:01:41should set to your home base. Instead of doing so, she has struck
0:01:41 > 0:01:48a deal and then was overruled by political forces at home, in a
0:01:48 > 0:01:56humiliating way. That could haunt her to the rest of the negotiations.
0:01:56 > 0:02:02A second observation is that we now know that the EU and Britain can
0:02:02 > 0:02:11strike a deal. That means that the focus of negotiations this shift is
0:02:11 > 0:02:17to inside Westminster Parliament with the Tory party and the DUP.
0:02:17 > 0:02:20Justin Trudeau was scheduled to meet with President Xi Jinping later
0:02:20 > 0:02:24today. And met with the Premier of China yesterday but the two sides
0:02:24 > 0:02:27were not able to announce the start of formal trade talks as was
0:02:27 > 0:02:31expected. My colleague has been keeping an eye on the visit. What
0:02:31 > 0:02:37has happened?They delayed the start of the free trade agreement talks
0:02:37 > 0:02:45which had hints of that... They had been talking about it. There is some
0:02:45 > 0:02:47disappointed and there. The Canadians say they seek a
0:02:47 > 0:02:51progressive trade agreement that will include issues such as labour
0:02:51 > 0:02:55reform finesse, the environment and gender issues. They were able to
0:02:55 > 0:03:01agree on three things, however, including an action plan on energy
0:03:01 > 0:03:05cooperation. It also included a memorandum of understanding about
0:03:05 > 0:03:10food products and a Canadian initiative. Relations between the
0:03:10 > 0:03:16two are important. The Canadians are seeking more bilateral relations
0:03:16 > 0:03:20elsewhere, trying to diversify away from the US because we know that the
0:03:20 > 0:03:27talks about revamping the NAFTA trade agreement have stalled. Trade
0:03:27 > 0:03:36between the two is large. China is the second-largest trading partner
0:03:36 > 0:03:42with Canada. They have bilateral trading over $70 billion. Justin
0:03:42 > 0:03:46Trudeau is fairly popular in China. A little trivia, in fact he is known
0:03:46 > 0:03:54in China as little potato because his name, Trudeau, sounds at the
0:03:54 > 0:04:05Mandarin word for potato. His father, who established diplomatic
0:04:05 > 0:04:13relations with China, is known as potato.Congratulations as well for
0:04:13 > 0:04:16winning an award as the best presenter at the Asian television
0:04:16 > 0:04:22awards. Turning out to disrupt a series. We are looking at how
0:04:22 > 0:04:25technology is changing the banking industry. In India, the government
0:04:25 > 0:04:31is pushing for a digital future. A software start-up has come up with a
0:04:31 > 0:04:41way to make it easier for the businesses in India to accept many
0:04:41 > 0:04:45different forms of business.We wanted to use mobile phones and
0:04:45 > 0:04:49small computers we build in house to get merchants across the country to
0:04:49 > 0:04:54accept digital currency. But as we evolve, we realise that was not
0:04:54 > 0:04:58where the opportunity was. Mobil applications were changing
0:04:58 > 0:05:03everything. The founders of easy tap, we have all been entrepreneurs,
0:05:03 > 0:05:08we have all come up through Silicon Valley and now we're back in India
0:05:08 > 0:05:11trying to do something. We also looked around and saw financial
0:05:11 > 0:05:18services was the big idea. This is a software part art form that allows
0:05:18 > 0:05:23all payments to be handled through a single interface and application. --
0:05:23 > 0:05:28software platform.
0:05:35 > 0:05:40We need to accept cards but here we have wallets. We have a new
0:05:40 > 0:05:45government system that allows us to transfer money from place to place
0:05:45 > 0:05:49at the low-cost. You have biometric, you have cure codes. The complexity
0:05:49 > 0:06:04of digital payments in India is massive -- you have cure codes.
0:06:26 > 0:06:30They will use a mobile application to verify who the person is and make
0:06:30 > 0:06:34sure the correct deal is happening. At the end they will accept any form
0:06:34 > 0:06:40of digital payment. In one project, a whole swathes of the Indian
0:06:40 > 0:06:46community is becoming digitised. Were taking software, digital
0:06:46 > 0:06:50payment and baking and bringing together at a scale and speed never
0:06:50 > 0:06:54seen before anywhere in the world. These projects will come in the
0:06:54 > 0:06:59course of the next few months, will affect many people.
0:06:59 > 0:07:03That scale is disruptive by sheer size.It has been a huge year for
0:07:03 > 0:07:09Twitter. They will regularly in the headlines thanks to Donald Trump.
0:07:09 > 0:07:17When it comes to the Asia-Pacific region, that hash tag #Maga was not
0:07:17 > 0:07:27a popular. Instead we saw Miss universe again thrones and -- game
0:07:27 > 0:07:41of thrones take off. In India it was a Tamil film and in Australia it was
0:07:41 > 0:07:47issues around same-sex marriage equality. Earlier I spoke to Twitter
0:07:47 > 0:07:49Asia-Pacific and asked her what surprised about the findings for
0:07:49 > 0:08:002017.South Korea was the most interesting top hash tag with 2017
0:08:00 > 0:08:06MAMA. They are the annual K-pop award is happening across three
0:08:06 > 0:08:11cities in Asia. Not only did it find resonance among the South Koreans,
0:08:11 > 0:08:17we saw 42 million tweets around that hash tag globally. An instance of a
0:08:17 > 0:08:26trend from Asia that went viral globally.Did Donald Trump's tweets
0:08:26 > 0:08:31have any resonance here in Asian, considering major issue such as
0:08:31 > 0:08:38North Korea?There are many things going on in the world at the moment.
0:08:38 > 0:08:44But the number of hash tags tells you what is top of mind and what
0:08:44 > 0:08:50attracts millennial. K-pop and other things like elections have been top
0:08:50 > 0:08:56of mind this year.A lot of localised tweets have really made
0:08:56 > 0:09:00the trending popular around the Asia-Pacific region.An interesting
0:09:00 > 0:09:07story to tell because what counts for millennial is in the region is
0:09:07 > 0:09:16what happens around them. Take this Tamil film. A great story emerging
0:09:16 > 0:09:21that Indian movie fans are diversifying their interest from
0:09:21 > 0:09:27Bollywood to South Indian cinema. A consistent trend we saw in 2017.Who
0:09:27 > 0:09:32are some of the biggest personalities here in the
0:09:32 > 0:09:36Asia-Pacific region? I pale in comparison. I only have 360,000
0:09:36 > 0:09:43followers. But who are the biggest characters?That is very impressive.
0:09:43 > 0:09:53I will tell you a few people beat you to it this year. Indian and
0:09:53 > 0:09:59Indonesian personalities trumped everyone else in Asia-Pacific. By
0:09:59 > 0:10:07Minister Modi and President Jokowi had the most followers.
0:10:07 > 0:10:23That was Twitter Asia-Pacific. A mixed finish on the markets.
0:10:27 > 0:10:30Thank you so much for investing time with us. Sport Today