0:00:00 > 0:00:00Commuters are being warned to expect difficult conditions,
0:00:00 > 0:00:02especially in the south-west of England.
0:00:02 > 0:00:03Now on BBC News, all the latest business news live from Singapore.
0:00:14 > 0:00:22Finance ministers from the world's 20 largest economies meet in Buenos
0:00:22 > 0:00:26Aires with US turrets and a potential US war high among their
0:00:26 > 0:00:31concerns. And for trade ties against a backdrop of growing protectionism,
0:00:31 > 0:00:36while India achieve much from hosting a meeting of select trade
0:00:36 > 0:00:48ministers? Quite you could join us for Asia-Pacific -- glad you could
0:00:48 > 0:00:55join us. We begin with a meeting of the G20 due to kick off in Buenos
0:00:55 > 0:01:00Aires in Argentina. Concerns over a potential US- China trade rift and
0:01:00 > 0:01:04President Trump's steel and annually on tariffs look still to dominate,
0:01:04 > 0:01:09one finance minister will be absent from the meeting, Japan's ambassador
0:01:09 > 0:01:14not attending due to political issues at home. Himself in the Prime
0:01:14 > 0:01:17Minister are under pressure after it was revealed that official documents
0:01:17 > 0:01:21were altered by the Finance bureau relating to a sale of state plans to
0:01:21 > 0:01:26school operator which has ties to the Prime Minister's why. Both men
0:01:26 > 0:01:37say they were not aware about it until this month. But apologised.
0:01:37 > 0:01:42What did this mean for the Prime Minister and the economy?It is not
0:01:42 > 0:01:51likely that the scandal is making the Prime Minister resign so far but
0:01:51 > 0:01:58the election is coming in September so if the supporting ratio the Prime
0:01:58 > 0:02:03Minister is declining, it may be a problem. Slim chance that the Prime
0:02:03 > 0:02:08Minister may be resigning and another candidate may be the leader.
0:02:08 > 0:02:18If it happens, we will have the more worries for Japanese politics and
0:02:18 > 0:02:22our policies may be slowing down. It isn't likely again but we should
0:02:22 > 0:02:37think about it. I think overall, monetary easing will continue.
0:02:37 > 0:02:41Consumer prices are improving in Japan, you have capital expenditure,
0:02:41 > 0:02:46we have not seen the Japanese economy expand for each consecutive
0:02:46 > 0:02:51quarters for many years. Are we likely to see a nice consecutive
0:02:51 > 0:02:57quarter of expansion in the January - March quarter?Right? We expect
0:02:57 > 0:03:09growing Japan for some or quarters and by the end of 2018 growth is
0:03:09 > 0:03:14firm and 2019 Booval have a consumption tax hike from 8% to 10%
0:03:14 > 0:03:23which is a risk scenario to stop consumers activity.And we have some
0:03:23 > 0:03:27important trade figures coming out of Japan as well, exports rising
0:03:27 > 0:03:321.8% in February compared to year ago levels, that figure is much
0:03:32 > 0:03:36lower from the previous month in January, outbound ship in gaining
0:03:36 > 0:03:41top .2%. The slowdown is due to fight reactivities stalling across
0:03:41 > 0:03:46Asia during the lunar New Year holiday. Imports gaining 16.5% in
0:03:46 > 0:03:53the year to February. Making headlines Facebook has announced a
0:03:53 > 0:03:56comprehensive internal and external review to determine whether the
0:03:56 > 0:04:00personal data 50 million users has been compromised after reports that
0:04:00 > 0:04:05misuse by political consultancy group Cambridge analytic. The firm's
0:04:05 > 0:04:12chief executive Alexander Nix has been called back before a committee
0:04:12 > 0:04:16in the UK, Facebook will be asked to testify. Both companies have denied
0:04:16 > 0:04:20wrongdoing. As protectionism rears its head in America many trade
0:04:20 > 0:04:24partners have been racing a trade war, India said it will engage in
0:04:24 > 0:04:28Washington over recent decisions related to it exports in this week
0:04:28 > 0:04:32it plays host to several members of the World Trade Organization. A
0:04:32 > 0:04:38business reporter joins us. How influential is India do you think in
0:04:38 > 0:04:46terms of free trade in the global landscape?India is important as we
0:04:46 > 0:04:49rise, if you look at the last few years, looking at some of the
0:04:49 > 0:04:54meetings taking place at the WTO including discussions of
0:04:54 > 0:04:56controversial issues like food stockpiling and providing subsidies
0:04:56 > 0:05:02for illegal fishing, India has been an important voice along with China
0:05:02 > 0:05:07so with that in mind this meeting is important, it is the first meeting
0:05:07 > 0:05:10after the 11th ministerial meeting that took place in Argentina in
0:05:10 > 0:05:13December which failed to reach any sort of consensus on critical
0:05:13 > 0:05:18issues. Given the rising protectionism, especially two weeks
0:05:18 > 0:05:24back or a few days back, Donald Trump's announcement raising import
0:05:24 > 0:05:29tariffs on steel and aluminium, the issue was going to dominate the
0:05:29 > 0:05:33discussions, there are 40 countries dissipating including some trade
0:05:33 > 0:05:38ministers in that sense it an important meeting.India export
0:05:38 > 0:05:44steel and aluminium and how will this impact the economy if it rises
0:05:44 > 0:05:51to 10% and 25%?Luckily the India it isn't a big exporter to the USA that
0:05:51 > 0:05:56it is going to impact its mid-size and some of the large companies and
0:05:56 > 0:06:00demand has fallen over the last few years, steel demand, and it has been
0:06:00 > 0:06:04relying on exports to Europe and the USA to really increase profitability
0:06:04 > 0:06:08of the company 's win that sense it is important for India.Thank you so
0:06:08 > 0:06:16much. Hong Kong's richest man announced his retirement on Friday.
0:06:16 > 0:06:22He has been vague about plans to retire in the past but as it turns
0:06:22 > 0:06:2790, it is apparently the right time. His net worth is around $34 billion.
0:06:27 > 0:06:31It is for companies of all listed on the Hong Kong stock exchange and
0:06:31 > 0:06:35reported earnings numbers on Friday. If this is as cover ports, retail,
0:06:35 > 0:06:41energy, he will stay on in an advisory role but now control has
0:06:41 > 0:06:46been passed on to his son, Victor. Victor is 53 and has been deputy
0:06:46 > 0:06:54chairman since 2000 15. Moving to the future of work, one is driving
0:06:54 > 0:06:57global demand the robots in the workplace, it is by far the biggest
0:06:57 > 0:07:01marketplace for industrial robots but while its big push to develop a
0:07:01 > 0:07:06high, the world's was popular country could also be the place
0:07:06 > 0:07:10where machines you cannot see it and buy software takeover swathes of
0:07:10 > 0:07:14jobs currently being done by people? Our China correspondent has the
0:07:14 > 0:07:18details.
0:07:21 > 0:07:25I think the impact the people is psychologically, they were felt
0:07:25 > 0:07:30threatened. But they will feel.
0:07:35 > 0:07:41Robots and artificial intelligence are not new but their combined power
0:07:41 > 0:07:44and potential is revolutionising the workplace.There are types of
0:07:44 > 0:07:51routine jobs that will be totally replaced so assembly lines,
0:07:51 > 0:07:55inspection, customer service, representative, telemarketing, it
0:07:55 > 0:07:59will be a total replacement.I have to admit I am not feeling that
0:07:59 > 0:08:03comfortable but this is how a visit to the dentist could look in the
0:08:03 > 0:08:08future. No human hands delving in, no hot breath on your cheek.
0:08:08 > 0:08:15Instead, this, a robot, doing all the hard work including of course...
0:08:15 > 0:08:20This robot dentist has been for years in the making at a military
0:08:20 > 0:08:24hospital in China, it is operated on a human for the first time last
0:08:24 > 0:08:24September.
0:08:47 > 0:08:51Movement has been a challenge though, as it is with most robots.
0:08:51 > 0:08:53Moving patients, flinching in pain, are problem.
0:09:04 > 0:09:09AI is an enabler, not an arms race, so I think we should think about it
0:09:09 > 0:09:13as doing great things to every country and how can we worked
0:09:13 > 0:09:17together to benefit from it and to solve the challenges that it brings
0:09:17 > 0:09:23about?
0:09:23 > 0:09:26The future of work. China is expected to announce that US
0:09:26 > 0:09:32education economies will become the country's new central bank governor.
0:09:32 > 0:09:36He has served as deputy governor of the People's Bank of China since
0:09:36 > 0:09:422008 and is set to replace the current leader, who has held the
0:09:42 > 0:09:46role the 15 years. This is a look at what else we can expect on the
0:09:46 > 0:09:49business calendar. The US central bank kicks off its two-day meeting.
0:09:49 > 0:09:54High expectations Jerome Powell hike the cost of borrowing at its first
0:09:54 > 0:09:59meeting as the Federal reserve chief. On Thursday, full-year
0:09:59 > 0:10:02numbers from China Mobile, the world 's largest telecommunications
0:10:02 > 0:10:11company. And also, Nikkei will be posting its third-quarter numbers --
0:10:11 > 0:10:19Nike. Currently it is a down day for the Asian stock market. The Nikkei
0:10:19 > 0:10:23to 25, -- to 25 is down.
0:10:27 > 0:10:31Thank you so