Cashless society getting closer, survey finds

More than a third of Europeans and Americans would be happy to go without cash and rely on electronic forms of payment if they could, and at least 20 percent already pretty much do so, a study showed on Wednesday.
26 April 2017, 18:00 PM

P&G cites rocky geopolitics as earnings decline

Procter & Gamble reported declines in both sales and profits Wednesday, saying challenging geopolitical and economic conditions hit consumer demand.
26 April 2017, 18:00 PM

No end in sight for Japan crisps crisis

Legions of Japanese crisps addicts are suffering and it doesn't look like they'll be getting their full fix anytime soon.
26 April 2017, 18:00 PM

China factory sector expansion seen slowing in April

The pace of expansion in China's manufacturing sector likely slowed in April, a Reuters poll showed, as factory-gate price lost steam and authorities moved to tackle risks in the property market and credit growth.
26 April 2017, 18:00 PM

Australia's sky-high household debt a ticking time bomb

Australians are racking up extreme levels of debt to buy homes that are among the world's most expensive, a ticking time bomb that could wreck the economy if it is hit by a sudden shock, experts warn.
26 April 2017, 18:00 PM

S Korean court fines local Uber unit

Uber's local unit in South Korea was fined Wednesday for operating an illegal taxi service, in the US firm's latest brush with authorities.
26 April 2017, 18:00 PM

Berlin sees faster growth, narrower trade surplus ahead

The German government upgraded its economic forecast for 2017 slightly Wednesday, saying that strong domestic consumption would increase growth and bring down its much-criticised trade surplus.
26 April 2017, 18:00 PM

Arun Jaitley says no plan to tax farm income

India's Finance Minister Arun Jaitley said on Wednesday that the government has no plans to tax agricultural income, a day after a senior economic adviser touched a political nerve by proposing farmers pay income tax like people in cities.
26 April 2017, 18:00 PM

Euro zone March inflation confirmed at 1.5pc

Euro zone core inflation was higher than initially forecast, the European Union's statistics office said on Wednesday, while confirming its estimate for the headline figure.
19 April 2017, 18:00 PM

Japan's 100-hour overtime cap sparks anger

Workaholic Japan has unveiled its first-ever plan to limit overtime, but critics want to give it the boot, saying an "outrageous" 100-hour-a-month cap will do nothing to tackle karoshi, or death from overwork.
19 April 2017, 18:00 PM

Facebook pushes to augment reality through smartphones

Facebook launched a mission to make smartphone cameras windows to augmented reality, focusing on what people have in hand instead of waiting for high-tech eyewear.
19 April 2017, 18:00 PM

Automakers see promise in China car-sharing

Already bike-sharing businesses have exploded across China, flooding major cities with bicycles that are unlocked by GPS using an app, can be left anywhere and have become critical to countless commutes.
19 April 2017, 18:00 PM

Gold slips as dollar rises

Gold edged lower on Wednesday as the dollar gained, but tensions over North Korea and upcoming French and UK elections underpinned investor demand in the safe-haven asset.
19 April 2017, 18:00 PM

Farm loan write-offs win votes in India, but may hurt economy

India risks straining public finances and undermining already ailing state banks, economists said, after a $5.6 billion loan write-off for farmers in Uttar Pradesh and moves to do something similar in at least four other states.
19 April 2017, 18:00 PM

'Australia first' foreign visa changes spark cheers, fears

Australia's controversial decision to scrap a visa programme for temporary foreign workers got a mixed response Wednesday, with critics slamming it as spin over substance and pandering to anti-immigration rhetoric.
19 April 2017, 18:00 PM

India's Paytm in talks with SoftBank to raise $1.5b

Electronics payments provider Paytm is in talks with Japan's SoftBank Group to raise $1.2 to $1.5 billion in cash, making the latter one of
19 April 2017, 18:00 PM

China live streaming: Would-be internet stars boost billion-dollar market

JING Qi, a part-time presenter on the live streaming platform Huajiao, underwent cosmetic surgery in March to improve her chances of becoming an internet celebrity.
12 April 2017, 18:00 PM

SWIFT to introduce tool to spot fraudulent inter-bank messages

Interbank messaging service SWIFT, which is used to transfer trillions of dollars between banks every day, will launch a new tool to spot fraudulent messages, seeking to restore trust in the system after millions of dollars were stolen in cyber raids.
12 April 2017, 18:00 PM

Opec over- delivers on oil cuts in March

Opec countries cut oil output in March by more than they pledged, according to figures the group published in a monthly report on Wednesday, as it sticks to an effort to clear a supply glut that has weighed on prices.
12 April 2017, 18:00 PM

Toyota robot to keep elderly mobile, one step at a time

Toyota Motor Corp said it will commercialise rehabilitation robots later this year when it makes its robotic walk assist system available for rent, joining Honda Motor Co in marketing mobility devices for Japan's ageing population.
12 April 2017, 18:00 PM