:00:00. > :00:00.Two crewmembers in the journey that covered four continents and 35,000
:00:00. > :00:21.kilometres. You don't have to go far to CERN, though. -- Aaron.
:00:22. > :00:26.The creation of a super stock market to rival the US and Asia.
:00:27. > :00:29.And today we'll find out if German investors are happy for Frankfurt
:00:30. > :00:33.But here's the question - will Brexit throw a spanner
:00:34. > :00:36.And in just 30 minutes, from ordering to having one of these
:00:37. > :00:39.things land in your back garden with your latest Amazon order.
:00:40. > :00:42.The retail tech giant teams up with the UK govt to trial drone
:00:43. > :00:47.deliveries and work out how you manage thousands of robotic
:00:48. > :00:56.aircraft buzzing around Britain's skies safely.
:00:57. > :01:10.Welcome to the programme. You know what this is, don't you? It's an
:01:11. > :01:14.exciting bite-size snapshot of all the latest in the world of business
:01:15. > :01:16.and money - stuff that's important. Let's start with this.
:01:17. > :01:18.Deutsche Boerse - that's the Frankfurt Stock Exchange
:01:19. > :01:21.to you and me - is expected to announce the result
:01:22. > :01:23.of its shareholder vote on the merger
:01:24. > :01:27.This is the third attempt at a merger for the two financial
:01:28. > :01:33.markets and, if successful, will create a 'super exchange'
:01:34. > :01:44.They can compete with the likes of Wall Street and financial centres in
:01:45. > :01:45.Asia. Both the LSE and Deutsche Borse
:01:46. > :01:48.are keen to see this The German stock market,
:01:49. > :01:51.which has a higher valuation than the LSE, would take the lead
:01:52. > :01:54.for the combined company. It is reported that this
:01:55. > :01:56.merger is a key move for the German Stock Exchange's
:01:57. > :02:03.new CEO Carsten Kengeter, who is keen to see a reduction
:02:04. > :02:15.of debt and a synergy So basically combining the two
:02:16. > :02:21.businesses and saving some money somewhere. Simon Griffiths is a
:02:22. > :02:26.partner at Irwin Mitchell. Great to have you in the studio. Thanks for
:02:27. > :02:30.coming in at this early hour. We've sat here before and talked about the
:02:31. > :02:34.first attempt, the second attempt... Brexit. Surely that changes this,
:02:35. > :02:40.doesn't it? Doesn't it make a difference to this deal? They paused
:02:41. > :02:46.and hesitated that morning, but they say there's a strategic rationale to
:02:47. > :02:50.the merger. They are two large businesses which together create a
:02:51. > :02:53.global market infrastructure business. Europe's just part of it.
:02:54. > :02:59.There's Europe, Singapore, the states, the whole world. OK. Given
:03:00. > :03:03.that, I've also heard that maybe there is an advantage in Brexit
:03:04. > :03:08.because you would have one centre with a foot out of the EU and one in
:03:09. > :03:14.the EU. For the other Europeans, maybe that is a good thing. It's got
:03:15. > :03:18.balance. The Germans seem very keen. They are very keen to get their
:03:19. > :03:23.hands on London's stock exchange, because I was reading - the Germans
:03:24. > :03:28.have this vote with shareholders, and originally they said, OK, if 75%
:03:29. > :03:34.put their hand up and say yes to this deal, we will go with it. But
:03:35. > :03:40.quietly, they've sort of dropped that. They say they only need 60%.
:03:41. > :03:46.That smells of desperation. Well, you are almost right. Back in March
:03:47. > :03:52.they said it has to be 75%. First of June, they said it has to be 75%.
:03:53. > :03:56.Eighth of July, they realised they had a problem, they weren't going to
:03:57. > :04:00.get there. So over the weekend they thought about it. Seven o'clock one
:04:01. > :04:05.morning, oh, we've got a problem. One o'clock that afternoon, they
:04:06. > :04:11.said, we are changing it to 60%. They changed the goalposts then.
:04:12. > :04:18.They did. For the uninitiated watching - hello, thanks for
:04:19. > :04:22.watching! - why do we care about this? What does it mean to us? Does
:04:23. > :04:25.it mean anything that you've got one big stock market here in London, one
:04:26. > :04:34.in Frankfurt coming together? So what? The shareholders care for it.
:04:35. > :04:38.Of course they do. They are going to make more money, large businesses
:04:39. > :04:42.will make more money for their shareholders. Everyone else, may be
:04:43. > :04:45.more efficient markets. In Europe, Britain and Germany, we have to
:04:46. > :04:52.compete with the Americans. We still have to work together to be a global
:04:53. > :04:59.power. But does it help the average punter? Pensions are tied up in the
:05:00. > :05:05.stock market, right? Does it help - is it an advantage to as little
:05:06. > :05:10.boys? It's big business. The deal is going to happen. The advisers, the
:05:11. > :05:16.bankers for the LSE are making 80 million. The Germans are making 45
:05:17. > :05:20.million. The lawyers are making over 30 million each. The deal is going
:05:21. > :05:26.to happen whether it's good or not. They are going to make more money,
:05:27. > :05:29.aren't they? You are a lawyer. Go to the green room and count your money!
:05:30. > :05:31.Thanks are coming in, we appreciate it.
:05:32. > :05:34.Oil prices have dropped to the lowest level in three months
:05:35. > :05:43.So they are producing more of that stuff and it suppresses the price.
:05:44. > :05:46.For more on that and the rest of the Asian market news,
:05:47. > :05:49.here is Rico Hizon in our Asia Business Hub in Singapore.
:05:50. > :05:55.Is it me? Yeah, you've become an oil expert
:05:56. > :06:02.all of a sudden! What's going on? You just mentioned it! We have
:06:03. > :06:09.oversupply in the United States, and of course what's also bringing down
:06:10. > :06:12.share prices at this point - Central Bank meetings in the United States
:06:13. > :06:21.and Japan, and this oil price fall hurting energy shares. But the
:06:22. > :06:25.biggest loser has been three companies which have lost their way.
:06:26. > :06:31.Instead of going forward, they are going backwards. Shares in Japanese
:06:32. > :06:39.games company Nintendo losing today another 3%. Added to Monday's record
:06:40. > :06:43.loss of, what? 17.7%. We are seeing a loss of about 20% in two trading
:06:44. > :06:52.days. Investors are disappointed after Pokemon Go's success limited
:06:53. > :06:56.impact on its profits. Of course you also have overall the Japanese stock
:06:57. > :07:05.market being impacted, down 1.5%. China, Hong Kong, both lacklustre
:07:06. > :07:10.and in negative territory. Shares in South Korea similarly in negative
:07:11. > :07:12.territory. In Australia, the ASX 200 also losing ground. Basically
:07:13. > :07:19.cautioned gripping the markets with the loss of the oil prices and also
:07:20. > :07:24.those Central Bank meetings taking place in the US and Japan.
:07:25. > :07:27.I know you will keep your eye on it, and if it gets too murky, I'm coming
:07:28. > :07:32.out to your place, Singapore in October!
:07:33. > :07:36.I'll fixed sum things up, all right. We will roll out the red carpet for
:07:37. > :07:40.you. That's Asia Business Report with me!
:07:41. > :07:48.I'll come on. We will shake it up! Retail giant Amazon has today agreed
:07:49. > :07:51.a deal with the British government to start testing flying drones that
:07:52. > :07:54.can deliver parcels to your door. Amazon's paying for the programme,
:07:55. > :07:57.which will look at the best way to allow hundreds of robotic
:07:58. > :08:00.aircraft to buzz around The company claims it'll eventually
:08:01. > :08:03.mean small parcels will arrive at your house within 30 minutes
:08:04. > :08:05.of ordering them online. Ministers say the deal will pave
:08:06. > :08:09.the way for all businesses to start Our transport correspondent,
:08:10. > :08:21.Richard Westcott, has more. It sounds like something out of
:08:22. > :08:26.Harry Potter. Thousands of parcels being flown through the air, then
:08:27. > :08:29.dropped off at your house. Drones delivering your shopping could
:08:30. > :08:33.eventually be a reality across Britain. We are not about to see
:08:34. > :08:38.drones delivering parcels our doorsteps any time soon. It could be
:08:39. > :08:43.a few years. What is about is working out how to do it safely. Are
:08:44. > :08:47.we going to need new laws, for example? How fast should they go?
:08:48. > :08:50.How high should they go? And of course they are going to be going
:08:51. > :08:55.over people 's gardens, so what about privacy and noise? How do you
:08:56. > :08:58.guarantee they are not going to be falling out of the sky? There are a
:08:59. > :09:02.lot of people who just don't fancy the idea. It would be weird if they
:09:03. > :09:07.fell out of the sky. Depends what they were carrying. I think it's
:09:08. > :09:10.great that you can order something and have it within an hour or so.
:09:11. > :09:15.It's revolutionary. Exciting. The more the better. As long as it safe
:09:16. > :09:22.and they don't have cameras spying on everyone. It sounds cool but it's
:09:23. > :09:26.a bit weird. The postman is trustee. He knows where everything is. You
:09:27. > :09:28.don't know who is controlling the drone, so you don't know if they
:09:29. > :09:34.will take pictures of your house and stuff. This ad from Amazon shows
:09:35. > :09:38.what it could look like, a machine that is part aeroplane apart
:09:39. > :09:42.helicopter would fly at about 50 mph 300 or 400 feet in the air. When it
:09:43. > :09:47.gets to your house, you drop a landing that down and it delivers
:09:48. > :09:50.your package. We take privacy extremely seriously at Amazon. We
:09:51. > :09:53.always have. We are not in the business of surveillance. We want to
:09:54. > :10:01.be able to engage in safe parcel delivery. The government says its
:10:02. > :10:05.Amazon partnership is a world first, eventually opening the skies to a
:10:06. > :10:11.whole host of companies that want to move goods through the air. All
:10:12. > :10:15.right, so it's not going to be like Robot Walls. But one of the
:10:16. > :10:20.programme's expert judges says there's going to be some very human
:10:21. > :10:24.problems ahead. I guess the biggest concern is privacy, and it's not the
:10:25. > :10:26.only one. What are we going to do about criminal activity, hacking,
:10:27. > :10:31.stealing the drones, delivering drugs with them, and also other
:10:32. > :10:36.companies getting them? Although Amazon say they have no cameras, how
:10:37. > :10:39.do we know other companies won't? We need a broader societal discussion,
:10:40. > :10:44.not just the government and Amazon getting into a huddle for the sake
:10:45. > :10:48.of the economy. The sky is the limit for drone technology if they can
:10:49. > :10:51.convince people it's private and safe.
:10:52. > :10:59.Fascinating stuff. I'll be back to take a look at some of the
:11:00. > :11:02.newspapers around the world. You can be in touch with me on Twitter.
:11:03. > :11:04.Goodbye.