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Matarbari project to boost energy security, trade
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Finance minister pushes customer-centric digital financial services
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South Korea to use AI tax windfall to fund public projects
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China's One Belt, One Road initiative to foster development in Asia

The “One Belt, One Road" initiative (BRI) of China will foster development in Asia by way of promoting mutually beneficial cooperation and connectivity, according to a Chinese academic.
12 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

Rooppur power plant to hold conference for local suppliers

АSE Group of Companies, a subsidiary of Rosatom State Nuclear Energy Corporation, and Bangladesh Atomic Energy Commission will
12 April 2017, 18:00 PM

After inflation, UK wage growth almost disappears

Inflation almost completely gnawed away the growth in pay of British workers during the three months to February, the clearest evidence yet that households are feeling the strain of rising prices as Brexit negotiations begin.
12 April 2017, 18:00 PM

Indian state refiners to revise fuel price

India's state-owned fuel retailers plan to implement daily revision of fuel price in five cities from May 1 ahead of a nationwide rollout of the scheme, industry sources said.
12 April 2017, 18:00 PM

Most currencies rise as geopolitical concerns ease

Most Asian currencies rose on Wednesday as investor concerns eased about simmering geopolitical tensions though caution towards risky assets prevailed in the market.
12 April 2017, 18:00 PM

ITFC organises first African-Asian Cotton B2B meeting

In its continuous efforts to promote and foster intra-trade development, the International Islamic Trade Financing Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, organises its first African-Asian Cotton B2B Meeting event as part of its Cotton Development and Partnership Program.
12 April 2017, 11:14 AM

Amazon drops appeal, to pay $70m for kids app buys

Amazon has dropped its appeal of a US regulator's order and will pay refunds up to $70 million for app purchases by children on its tablet computers, officials said Tuesday.
5 April 2017, 18:00 PM

SoftBank preps Snapdeal for sale

Snapdeal's three biggest investors - Japan's SoftBank, Kalaari Capital and Nexus Venture Partners have moved closer to resolving an impasse, potentially clearing the way for a sale of the e-tailer to one of its rivals, Flipkart or Paytm, according to a Mint report, citing unnamed sources.
5 April 2017, 18:00 PM

UK, Swedish watchdogs warn of global cyber attack

A large-scale cyber attack from a group targeting organisations in Japan, the United States, Sweden and many other European countries through IT services providers has been uncovered, the Swedish computer security watchdog said on Wednesday.
5 April 2017, 18:00 PM

LNG producers turn to trading, risk taking to maintain market share

Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more risks and start trading just like other commodity dealers.
5 April 2017, 18:00 PM

Greece wants eurozone summit if debt talks fail: Tsipras

Greece has asked for a eurozone summit to be held if creditor talks on Friday fail to break months of deadlock on the country's debt and reform goals, Prime Minister Alexis Tsipras said Wednesday.
5 April 2017, 18:00 PM

No parallel Brexit and trade talks: EU's chief negotiator

Britain must stop pressing for immediate parallel talks with the European Union on a post-Brexit free trade deal, EU chief negotiator Michel Barnier said on Wednesday, and first agree on withdrawal terms.
5 April 2017, 18:00 PM

Britain to help reform Saudi economy

Britain said Wednesday it would help Saudi Arabia to diversify its oil-dependent economy as British Prime Minister Theresa May visited the Gulf kingdom.
5 April 2017, 18:00 PM

Credit Suisse scandal threatens Swiss efforts to clean up reputation

An anonymous tip to Dutch authorities on thousands of suspicious accounts at Credit Suisse could hardly have come at a worse time for Switzerland and its banks.
5 April 2017, 18:00 PM

BMW's UK workers to begin strike over pensions on April 19

British workers at BMW will hold eight strikes over the next few weeks to oppose plans by the carmaker to close their final salary pensions, beginning with a walkout at the firm's Mini plant and engine facility, Britain's biggest union said.
5 April 2017, 18:00 PM

Apple aims for more control, less cost as it accelerates in chip design

APPLE Inc's decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker's determination to take greater control of the core technologies in its products - both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.
5 April 2017, 18:00 PM