:00:00. > :00:00.Those are the latest headlines from BBC News. Now for the latest
:00:00. > :00:18.financial news with Sally Bundock and World Business Report. President
:00:19. > :00:21.Obama and his counterparts from the G7 meet in Brussels. The leaders
:00:22. > :00:27.will grapple with Europe's reliance on Russian energy. And the race to
:00:28. > :00:30.create the ultimate tracking device that can find quickly lost aircraft,
:00:31. > :00:42.IATA tells who is working on new technology. Welcome to World
:00:43. > :00:44.Business Report I'm Sally Bundock. Also in the programme, Thailand
:00:45. > :00:57.announces measures it hopes will stabilise its economy following
:00:58. > :01:01.months of political unrest. But first of all, let's talk about the
:01:02. > :01:03.G7 meeting. G7 leaders gather in Brussels for a meeting, with one
:01:04. > :01:07.obvious absentee, President Putin of Russia. The venue had to be moved
:01:08. > :01:11.from Russia following the annexation of Crimea. The fallout from that
:01:12. > :01:14.event continues to cast a long shadow, not least in Europe, which
:01:15. > :01:19.is now more conscious than ever of its dependence on imports of Russian
:01:20. > :01:21.gas. What can be done? The BBC's Philip Hampsheir caught up with
:01:22. > :01:24.European Energy Commissioner Guenther Oettinger, to find out
:01:25. > :01:38.whether the boom in production of shale gas in the US is the answer to
:01:39. > :01:41.Europe's problems. The crisis in Ukraine will cast a shadow over
:01:42. > :01:47.today's G7 meeting. Concerned Russia could hold gas supplies will see
:01:48. > :01:51.energy security pushed to the top of the topics discussed. The EU energy
:01:52. > :01:54.Commissioner Guenther Oettinger says supplying gas from fracking in the
:01:55. > :02:00.United States to Europe will be one key open question. The open question
:02:01. > :02:10.is, is the US government willing to export shale gas to perhaps Europe
:02:11. > :02:19.or in competition with Japan. An exchange of views with Japan, but
:02:20. > :02:27.let me say, G7 is more or less high political round table to have an
:02:28. > :02:34.exchange of views. The US and EU have to solve our problems. They
:02:35. > :02:39.have to hold their level of security supplier on their own. Discussions
:02:40. > :02:42.to find a resolution between the EU and Russia continue. In the
:02:43. > :02:51.meantime, Europe is busy trying to find alternative ways to keep itself
:02:52. > :02:55.supplied with gas. And today, any announcements out of the G7 meeting,
:02:56. > :03:00.it can be sure we will keep you up`to`date on the BBC on television,
:03:01. > :03:05.radio, and online. But now focusing on Thailand. Thailand's military
:03:06. > :03:07.rulers have announced a series of emergency measures aimed at averting
:03:08. > :03:11.an economic crisis, two weeks after taking power in a coup. Ali Moore is
:03:12. > :03:19.in our Asia Business Hub in Singapore. They are quite a broad
:03:20. > :03:24.range of measures, aren't they? Ther are. We don't have a huge amount of
:03:25. > :03:29.so`called urgent proposals that are so`called urgent proposals that are
:03:30. > :03:41.being discussed. `` there. They include a price guarantee on fuel
:03:42. > :03:46.and an offer of Logan `` loan guarantees for small businesses.
:03:47. > :03:50.High`speed rail routes are also contemplated. They also say they
:03:51. > :03:55.will have a look at the backlog of investment applications worth more
:03:56. > :03:58.than $20 billion. The coup leaders have been quick to focus on the
:03:59. > :04:02.economy, I guess that is no surprise when you consider how the recent
:04:03. > :04:05.political turmoil has affected confidence. It is a far shakier
:04:06. > :04:11.economy than the one the generals ran last time there was a coup eight
:04:12. > :04:14.years ago. There are high levels of consumer debt, and overall the
:04:15. > :04:19.economy shrank just over 2% in the first quarter. As well, there is a
:04:20. > :04:25.real domestic imperative a close Thailand's economy is not return to
:04:26. > :04:29.health, the coup leaders know there will be more opposition to the coup
:04:30. > :04:33.on their hands. So they started with popular moves by capping the price
:04:34. > :04:37.of cooking oil and diesel fuel and making overdue payments to farmers.
:04:38. > :04:43.But it is a difficult road ahead for the country's new leaders. Thank
:04:44. > :04:46.you. We will keep an eye on that. IATA has identified 30 companies
:04:47. > :04:49.that could provide new tracking systems to prevent aircrafts from
:04:50. > :04:52.going missing. At the final day of the air transport association's AGM
:04:53. > :04:54.in Doha, Safety officer Kevin Hiatt told journalists that new practices
:04:55. > :04:56.are needed because aircraft technology is outpacing air traffic
:04:57. > :04:59.control technology. He confirmed that he expects an Aircraft Tracking
:05:00. > :05:02.Task Force to have solutions of how best to constantly monitor planes,
:05:03. > :05:19.within four months. He spoke to Mark Lobel, who is in Doha for us. We
:05:20. > :05:28.need to fill the gaps basically in the non` radar environment, to put
:05:29. > :05:31.it simply. We have to look at those areas where we need to track the
:05:32. > :05:34.aircraft where it isn't under surveillance, for instance, the
:05:35. > :05:36.polar regions. They're covered over different parts of the oceanic
:05:37. > :05:39.regions, the Atlantic, the Pacific, over into all of the Indian Ocean
:05:40. > :05:43.region, and then there are some regions over landmasses. You have
:05:44. > :05:57.upper areas of Russia and areas within China. And also areas within
:05:58. > :06:02.Africa that don't have coverage. What is the solution? Herath so many
:06:03. > :06:11.options on the table, but you need to decide by September `` air are so
:06:12. > :06:14.many options on the table. You also said there are technologies out
:06:15. > :06:22.there. Is it a question of choosing or inventing? It is both. There are
:06:23. > :06:26.short`term, mid term, and long`term options. We can't rule out new
:06:27. > :06:29.technology as it is coming at us at the moment, and say we are not going
:06:30. > :06:34.to consider that. There might be some options coming up in the future
:06:35. > :06:39.that will be even better than what we are doing now. But we do note
:06:40. > :06:44.that we have aircraft today which have almost exactly what is needed,
:06:45. > :06:52.but maybe not all the pieces yet. So therefore, again, those near term,
:06:53. > :06:56.mid term, and long`term solutions. Is there something you'd like your
:06:57. > :06:59.computer to do that it can't do now? Well, there's a myriad of new
:07:00. > :07:01.inventions on display this week in Taiwan, at Asia's biggest computer
:07:02. > :07:12.and technology show, Computex. Cindy Sui is there. At Computex, we are
:07:13. > :07:15.getting a glimpse of the trends and technologies which will shape the
:07:16. > :07:18.industry in the coming months. These technologies don't apply only to the
:07:19. > :07:25.office, but the home environment also. With me is Intel's Sanjoy. He
:07:26. > :07:28.is going to show me how it works. What we have here is a 3`D camera.
:07:29. > :07:32.We have embedded into the notebook and it has a great advantage. We are
:07:33. > :07:36.sitting in the bedroom and I want to have a meeting, but I don't want
:07:37. > :07:39.everyone to see my bedroom. So what we do is, using this technology, I
:07:40. > :07:43.can extract the background and replace it with my work. And, no`one
:07:44. > :07:50.can see your messy bed or your kids or anything. Exactly. Tell us what
:07:51. > :07:54.we have here. Here is another example. Let's you are in the
:07:55. > :08:01.kitchen and your cooking and you don't want to do to your computer.
:08:02. > :08:06.Let's say my hands are dirty, what I am going to do is walk up to the
:08:07. > :08:09.computer, put my head in front of it and then, I can move the screen
:08:10. > :08:13.around using my hand. I can pick a certain menu, open my hand and all
:08:14. > :08:21.of a sudden it will open the page and take me there. Without touching
:08:22. > :08:24.the screen. Yes. I don't have to deal with getting the computer
:08:25. > :08:27.dirty. I can't stand so many cables and wires, do you have a solution?
:08:28. > :08:31.We do, we have Intel wireless charging. You can put down a
:08:32. > :08:37.notebook or a tablet or phone on a table like this and it will start
:08:38. > :08:46.charging automatically. OK. This is no ordinary table, is it? It is an
:08:47. > :08:49.ordinary table, but what we have done is we have taken a regular
:08:50. > :08:53.table and put coils on the bottom of it. We have designed a kit that will
:08:54. > :08:57.allow anyone to do that. If you have a wireless charging notebook or a
:08:58. > :09:01.tablet or phone, you can put it on and it will charge those devices as
:09:02. > :09:05.soon as you put it on. So I can show you the example of what it does. If
:09:06. > :09:09.you look at this table, what it has done is it has created a... It is
:09:10. > :09:12.lighting the lights where the charge is quite so you can see where the
:09:13. > :09:15.charge is happening. Just three of a vast array of products that reflect
:09:16. > :09:25.a growing trend of making technology user`friendly and practical for
:09:26. > :09:30.consumers. I want my computer to make me a cup of tea. Anyway, let's
:09:31. > :09:33.read some more stories. Australia's economy grew 1.1% over the last
:09:34. > :09:36.quarter, and 3.5% for the year. That's the fastest pace in nearly
:09:37. > :09:38.two years. It follows moderate consumer spending and booming
:09:39. > :09:47.resource exports. The Australian dollar has risen on the strong GDP
:09:48. > :09:50.number. The US is slapping additional import duties of up to
:09:51. > :09:53.35% on Chinese made solar panels. The new levies are set to escalate
:09:54. > :09:56.the trade war in the industry that began in 2012. The changes are in
:09:57. > :09:59.response to claims Chinese exporters have been avoiding earlier tariffs
:10:00. > :10:08.by outsourcing production of cells to countries like Taiwan, before
:10:09. > :10:12.assembling them in China. So the markets today. In Asia, a little bit
:10:13. > :10:17.flat. I don't forget we have had strong gains for two days in a row.
:10:18. > :10:21.There may be some profit taking going on. I want to show you the
:10:22. > :10:29.close in the United States. A slightly negative, flat finish
:10:30. > :10:37.their. I will see you soon. `` finish there. Technology that alerts