Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.

While previous bouts of strength in the yen have pushed Japanese manufacturers to shift production overseas, exporters are coping with the recent currency stresses by penny-pinching - turning off lights and cramming elevators in the hope that nothing more drastic will be needed before the tide turns.

The share of palm oil in India's growing edible oil imports is likely to plunge to a record low this marketing year as a rally in prices slashes its discount over rival soyoil.

Philippine food giant Universal Robina Corp said Wednesday it would buy Snack Brands Australia for US$460 million, the latest big deal in a global shopping spree by Filipino firms reflecting the nation's economic rise.

A venture backed by eight major banks and financial institutions has begun beta testing a peer-to-peer network that aims to use blockchain distributed ledger technology to slash billions off the cost of processing foreign exchange transactions.

The Chittagong Port Authority yesterday appointed a consultant to conduct feasibility study for constructing the much-awaited Bay Terminal along Halishahar coast.

It is crucial for Bangladesh to ensure quality education for the youth, develop their skills and promote young entrepreneurship to achieve the sustainable development goals, analysts said yesterday.

Chinese police have busted underground banks that handled 200 billion yuan ($30.2 billion) in illegal money transfers this year, the Ministry of Public Security (MPS) said on Wednesday.

Budget airline AirAsia India said on Wednesday that it planned to gradually expand its fleet and network in India as it seeks to boost its small market share in the fast expanding domestic market.

Unrelenting demand for fixed income has pushed yields, in Europe at least, to a point where investors no longer distinguish one country's bonds from another's -- potentially storing up trouble for when focus returns to the economic drivers behind borrowing costs.

More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have told Reuters that the organisation for years suspected there were weaknesses in the way smaller banks used its messaging terminals – but did not address such vulnerabilities.

The New York Federal Reserve Bank and global payments network SWIFT have reiterated their pledge to help Bangladesh Bank retrieve the $81 million fund stolen from its reserve account.

A data breach at 20 US hotels operated by HEI Hotels & Resorts for Starwood, Marriott, Hyatt and Intercontinental may have divulged payment card data from tens of thousands of food, drink and other transactions, HEI said on Sunday.

Japanese automaker Nissan Motor Co has come up with a new type of gasoline engine it says may make some of today's advanced diesel engines obsolete.

Britain's vote to leave the European Union should have limited immediate economic impact on Germany, the country's central bank said on Monday, noting the mood among enterpreneurs remained positive.

Sherine Toh says her best days at work are when none of the 600-or-so staff at Singapore's Tung Lok Restaurants quits, though such days are rare.

Tesla removed the word "autopilot" and a Chinese term for "self-driving" from its China website after a driver in Beijing who crashed in "autopilot" mode complained that the car maker overplayed the function's capability and misled buyers.

Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 percent above the start of August, as speculation intensified about potential producer action to support prices in an oversupplied market.

Japan's economy stalled in the April-June quarter, data showed Monday, missing market forecasts and rekindling worries about the government's faltering bid to stoke a recovery.

Ammar Alkhouli "dreamed of owning a Porsche" when he lived in Syria, but he never imagined that he would one day get training from the German automobile giant to help build its luxury cars.