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Transcripts For BBCNEWS Asia 20240705



because oil producing countries agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia said it would make cuts of1 million barrels a day injuly and 0pec+ said targets would drop by 1.4 million barrels per day from 202a. 0pec+ accounts for a1% of crude oil and let s get more for our middle east correspondent. it was widely expected before the meeting started on the weekend that 0pec+ would reduce oil production because it is hovering around $75 a barrel. there are concerns it could fall further with global economy struggling and demand wiggling. saudi arabia and some countries were really keen that the oil group goes ahead and makes another cut as a group but most countries were against that idea because any would cut the oil revenue crucial for their economies. saudi arabia was the only one who could make the cut and be able to manage its budget. why is saudi arabia keen to make these cuts? if you look at oil pri ....

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Transcripts for BBCNEWS Asia Business Report 20240604 01:34:00

But walk a bit further and what you will find might be a bit less familiar. people standing, waving and grabbing around with devices strapped to their face and hands. these are all examples of augmented reality a mix of real and digital, and while it might look strange from the outside, when i tried this flight simulator i could see the allure. it is captivating. all right. 0h! have to be gentle with this. that is what ar developers are banking on. it is great to be in this industry right now, and our company, we started a headset ten years ago or something, but the product was ahead of its time. we did not have enough computer memory and headsets. here on the show floor you will see ar devices being pitched for everything from medical devices to flight and driving simulators, and of course, gaming and entertainment. that is where china based ....

Augmented Reality , People Standing , Flight Simulator , Ar Developers Are Banking On , Computer Memory , Show Floor , Car Devices , Driving Simulators ,