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