:00:10. > :00:14.71 people have been killed in a bomb blast in the Pakistani
:00:15. > :00:18.It happened near a playground, in a park that was full of families.
:00:19. > :00:22.An off shoot of the Pakistani Taliban says it carried
:00:23. > :00:28.and was targeting the city's Christian community.
:00:29. > :00:31.Far-right protestors have stormed a square in Brussels where people
:00:32. > :00:34.were paying their respects to victims of Tuesday's bomb attacks.
:00:35. > :00:36.The demonstrators were forced away by riot police using water cannon,
:00:37. > :00:40.after they stamped on a shrine to victims.
:00:41. > :00:43.Syria's President Assad says the recapture of the ancient city
:00:44. > :00:46.of Palmyra by government forces is a victory for his army's strategy
:00:47. > :00:50.The group calling itself Islamic State took the city last year.
:00:51. > :00:54.And India completes the semi final line up for cricket's T20 World Cup.
:00:55. > :00:57.Virat Kohli led the side home to a six wicket victory over
:00:58. > :01:00.Australia, finishing unbeaten with 82 off 51 balls.
:01:01. > :01:04.India chased down Australia's total with five balls to spare.
:01:05. > :01:07.Those are the latest headlines from BBC World News.
:01:08. > :01:23.Now for the latest financial news and World Business Report.
:01:24. > :01:28.New, cutting-edge Virtual Reality headsets start shipping today.
:01:29. > :01:32.Is the future finally here, or is it just a gimmick giving a headache
:01:33. > :01:38.With the next US rate hike seemingly put on hold.
:01:39. > :01:40.We talk to a former Federal Reserve governor
:01:41. > :01:55.Also in the programme: Batman versus Superman proves popular
:01:56. > :01:59.at the box office - a welcome boost for Warner Brothers following
:02:00. > :02:08.2016 has often been touted as the year virtual reality will
:02:09. > :02:13.But as the first set of high quality headsets are delivered,
:02:14. > :02:17.will the billions of dollars invested by firms really pay off?
:02:18. > :02:23.Consumers can get hold of Oculus Rift from today priced at $600.
:02:24. > :02:29.The company was bought by Facebook for $2 billion back in 2014.
:02:30. > :02:33.It will be closely followed by HTC's Vive which launches next week
:02:34. > :02:40.And then in October they'll be joined
:02:41. > :02:47.by Sony's Playstation VR which is substantially cheaper at $400.
:02:48. > :02:51.But the big question is, will the technology take off?
:02:52. > :02:55.One firm which makes graphics computer chips says only 1% of all
:02:56. > :03:01.computers worldwide are powerful enough to run the new headsets.
:03:02. > :03:05.Joining me now from Hong Kong is Peter Yu, Founder of JetOne Motion,
:03:06. > :03:17.Peter, thanks for being on the programme. From your point of view,
:03:18. > :03:26.will these headsets really take off on a wider scale as opposed to just
:03:27. > :03:31.for those hard-core gamers? Well, actually, now we are facing a
:03:32. > :03:39.dilemma because people are actually on the sideline watching and see how
:03:40. > :03:43.it goes with the Oculus Rift or Sony HT krment, that gives us the
:03:44. > :03:48.opportunity to showcase the virtual reality experience in our location.
:03:49. > :03:53.So you don't expect a massive surge in demand initially. You think
:03:54. > :04:02.people will wait and just see how good this system is? Well, we see a
:04:03. > :04:08.lot of clients buying the Oculus Rift, but when we tell them the
:04:09. > :04:11.price, they just back off but not only the headset, but you have to
:04:12. > :04:17.have powerful pieces. And the home piece is not going to cut it, OK,
:04:18. > :04:21.for - for right now. So they have to invest heavily on the PC in order to
:04:22. > :04:25.run it. Also as well - how many games are there out there that you
:04:26. > :04:30.can actually use the headsets with anyway? Presumably there's not that
:04:31. > :04:36.many games yet or what is the situation? Well, the games is not
:04:37. > :04:43.really commercial-grade. We just use those that are available on the
:04:44. > :04:49.Oculus share, those games are the type of games that people just tend
:04:50. > :04:55.to develop that as a - as an experiment. So we really don't have
:04:56. > :05:00.many commercial-grade games that really can show-case the power of
:05:01. > :05:03.Oculus. Also as well - how is the technology progressing because the
:05:04. > :05:09.likes of Facebook investing something like $2 billion in buying
:05:10. > :05:15.Oculus as a company, presumably they see this as a long-term investments,
:05:16. > :05:19.these headsets will get smaller, lighter, they'll become cheaper
:05:20. > :05:24.eventually, won't they? Well, at the moment, only have the DK 2 in the
:05:25. > :05:29.shops, so it's a business heavy. Not really comfortable when you wear it
:05:30. > :05:35.for a long period of time because there's some hiccups with the PCs,
:05:36. > :05:40.not really - you know, I will say it's not that really user-friendly.
:05:41. > :05:45.I don't see that is going to make it at home for a long time. Not like I
:05:46. > :05:48.said, the price as well as, you know, it's not really user-friendly
:05:49. > :05:54.at the moment. OK. Interesting to get your perspective. Peter Yu,
:05:55. > :05:59.thanks so much for joining us from Jet One Motion, which is a virtual
:06:00. > :06:01.reality retailer based in Hong Kong. Batman v Superman: Dawn of Justice
:06:02. > :06:04.has taken 424 million dollars at the box office worldwide in its
:06:05. > :06:08.first 5 days, despite poor reviews. In the US alone it hit a record
:06:09. > :06:19.for a March debut raking in just over $170 million
:06:20. > :06:22.at the box office - the Sharanjit Leyl has been checking out
:06:23. > :06:32.the box office I understand it's really popular in
:06:33. > :06:35.Asia, is that the case? It is indeed. I haven't seen it
:06:36. > :06:39.personally, Sally, but I will tell you about the numbers here. If you
:06:40. > :06:44.take a look at the overseas revenue, the film raked in some 254 million
:06:45. > :06:47.of that amount that you mentioned, that's the fourth highest global
:06:48. > :06:52.opening, and look where it's been making the money. It opened on more
:06:53. > :06:57.than 4,000 screens in the US, nearly 2,000 screens in the UK, but guess
:06:58. > :07:03.what? A whopping 16,000 screens in China. In fact, China accounted for
:07:04. > :07:06.a fifth of the overseas market with about $57 million approximately from
:07:07. > :07:10.those number of screens making the biggest opener for Warner Brothers
:07:11. > :07:14.ever in that market. And China, as you know, has increasingly become a
:07:15. > :07:19.market that Hollywood movie makers are targeting the Transformers movie
:07:20. > :07:24.had a lot of Chinese brands willing featured for product placement and a
:07:25. > :07:30.lot more Chinese and Asian actors in these fames. Ironman 3 and the last
:07:31. > :07:34.Avengers, meant to be a special cut for China for ironman 3, but if you
:07:35. > :07:39.look at where the funding is coming from, not just the revenue generated
:07:40. > :07:49.from the number of Asian viewers but increasingly companies as well.
:07:50. > :07:54.Mission: Impossible 5, for instance, was cofunded by Ali Baba. Thank you.
:07:55. > :07:56.I'm going to see at some point, I know I am. I have three little boys.
:07:57. > :07:58.Let's move on. Stubbornly low inflation is causing
:07:59. > :08:01.a headache for central banks The ECB has already dipped
:08:02. > :08:04.into negative rates, while some suggest the Bank of England's next
:08:05. > :08:07.move could be a rate cut. Over in the US, Fed Chair Janet
:08:08. > :08:10.Yellen has once again sounded the warning bell over the impact
:08:11. > :08:13.of low inflation, partly caused by weak energy prices and expectations
:08:14. > :08:16.for the next Fed hike have now been Alice Baxter caught up with
:08:17. > :08:20.Former Federal Reserve Governor She asked if he is surprised
:08:21. > :08:35.that the inflation rate in the US Given all that the Fed has done and
:08:36. > :08:39.the Central Banks has done, it's a bit surprising that inflation is at
:08:40. > :08:43.the low level that it is. Of course, the Fed is hope that all the action
:08:44. > :08:47.it's undertaken will start to move inflation towards its 2% target.
:08:48. > :08:50.We're seeing a bit of evidence of that, but I think the evidence is
:08:51. > :08:54.still not clear. Do you think that Fed policy can actually stay ahead
:08:55. > :08:58.of inflation? Well, right now it's trying to stay ahead of deflation or
:08:59. > :09:05.at least it had been trying to stay ahead of deflation. I think we were
:09:06. > :09:10.able to slay that dragon and now it's trying to get inflation to move
:09:11. > :09:16.up, but not too much it's a difficult task. It's a mamma bear,
:09:17. > :09:21.papa bear, too warm, just to get it right. I think that's what the Fed
:09:22. > :09:25.is moving toward. When it comes to the issue of raising rates in the
:09:26. > :09:28.United States, in December when Janet Yellen announced she was
:09:29. > :09:32.incrementally going to raise them a little bit, lots of bits were down
:09:33. > :09:36.we were going to see further rates in the near future. Where are you on
:09:37. > :09:39.that now? So I thought it was quite clear in December that the Fed would
:09:40. > :09:44.take a while before they undertook the next step. We have seen a little
:09:45. > :09:47.bit of move up in I nation taking out the volatile food and energy
:09:48. > :09:51.sectors but we haven't seen any wage pressure come in. My guess is until
:09:52. > :09:56.there's some evidence of that, the Fed is going to be reluctant to
:09:57. > :10:01.move. And so I don't think we would be before at least summer time,
:10:02. > :10:04.let's say June at the earliest, that would see enough evidence to be able
:10:05. > :10:08.to move. What about this growing trend towards negative interest
:10:09. > :10:13.rates, we saw it in Japan and also across Europe. It's hugely
:10:14. > :10:17.controversial. For sure. And so we used to think that you couldn't go
:10:18. > :10:21.below 0 in interest rates because people were just hold cash instead.
:10:22. > :10:25.But it's costly to hold cash because if you want to store a lot of your
:10:26. > :10:29.wealth in cash, you have to have a place to store it and a safe place
:10:30. > :10:33.the store it. So you can start to push interest rates down to the
:10:34. > :10:37.level of storing for in safes and such. And people actually started to
:10:38. > :10:45.look into this. How low interest rates can go? It might be how costly
:10:46. > :10:50.is it to put cash into a safe? He was part of the FOMC in the US. Now
:10:51. > :10:55.quickly markets. Just to mention Hong Kong is not open today for a
:10:56. > :11:01.bank holiday. Many markets today is no action at all. Japan is open and
:11:02. > :11:04.got about 20 minutes to go. We got a weaker Yen helping markets in Japan.
:11:05. > :11:08.Also the price of oil still above $40 a barrel. So please notice that.
:11:09. > :11:11.There's a quick look at some other currencies and a look at what gold
:11:12. > :11:19.is doing. I'll see you soon as we review the papers.