Indonesia prays for Islamic banking boom

INDONESIAN teacher Nina Ramadhaniah hopes for "blessings from Allah" by opening a shariah bank account -- the sort of pious customer the world's most-populous Muslim-majority country is praying for as it launches an Islamic finance drive.
28 September 2015, 18:00 PM

Apple reports record sales of iPhone 6s, 6s Plus in first weekend

Apple said on Monday it had sold more than 13 million iPhone 6s and 6s Pluses during their first weekend on the market, setting a record for its marquee product.
28 September 2015, 18:00 PM

RBI expected to lower rates, while cautioning against inflation

The Reserve Bank of India (RBI) is expected to cut its key repo rate to a four-year low on Tuesday to help support the domestic economy at a time when consumer inflation is at a record low, but may express caution about easing further as price risks still loom.
28 September 2015, 18:00 PM

UK's skills gap clouds hopes for stronger economy - report

A worsening skills shortage could blight hopes that Britain can overcome years of dire productivity performance, potentially denting its economic expansion in future, a report suggested on Monday.
28 September 2015, 18:00 PM

Business and bureaucracy: Ethiopia entrepreneurs overcome hurdles

The large open plan office with staff behind sleek computers looks like any newly-started modern business.
28 September 2015, 18:00 PM

Germany probes role of VW's ex-CEO in pollution test scam

German prosecutors on Monday announced a criminal investigation against Volkswagen's former chief executive as the government pressed the embattled auto giant to quickly resolve the pollution cheating scandal that has rocked the auto sector.
28 September 2015, 18:00 PM

China industrial profits suffer biggest drop since 2011

Profits earned by Chinese industrial companies declined at the sharpest rate in four years in August as costs kept rising and product prices kept falling, according to official data that adds to signs of weakness in the world's second largest economy.
28 September 2015, 18:00 PM

To build a greener economy, Bhutan wants to go organic by 2020

Farmer Phub Zam, 55, is in a hurry. Monsoon rains have hit her farm in Bhutan's Paro valley and Zam is rushing to harvest her broccoli before crop is damaged.
28 September 2015, 18:00 PM

India may consider cutting stake in state-run banks

The Indian government may consider reducing its stake in state-run lenders to 52 percent, Finance Minister Arun Jaitley said on Monday.
28 September 2015, 18:00 PM

Facebook, eyeing TV dollars, rolls out new ad products

Facebook Inc introduced a slate of new advertising products on Sunday, most of which are aimed at luring television advertisers onto the 1.5-billion user social network.
28 September 2015, 18:00 PM

Zero applicants for Japan plan to promote women at work

Not one Japanese company applied for a subsidy programme aimed at promoting more women to senior jobs, an official said Monday, an embarrassing blow for Tokyo's push to boost the economy with female workers.
28 September 2015, 18:00 PM

VW manipulated diesel emissions tests in Europe, says German minister

Germany's transport minister says Volkswagen has admitted using the same fake emissions test in Europe as it used to falsify results in the US.
24 September 2015, 12:45 PM

VW emissions scandal hits 11m vehicles

Volkswagen says 11 million vehicles worldwide are involved in the scandal that has erupted over its rigging of US car emissions tests.
22 September 2015, 15:37 PM

Gulf firms under pressure from low oil price: S&P

Companies in the six Gulf Arab states are under pressure as governments reduce spending in response to a slump in oil revenues, Standard and Poor's ratings services said on Monday.
21 September 2015, 18:00 PM

Internet growth slows; most people still offline: UN

Growth in the number of people with access to the Internet is slowing, and more than half the world's population is still offline, the United Nations Broadband Commission said on Monday.
21 September 2015, 18:00 PM

Foxconn asks Apple to join bid to buy Sharp's LCD ops

Taiwan electronics giant Foxconn has proposed taking over troubled Japanese behemoth Sharp's display business, the Nikkei business daily reported Monday, and has urged Apple to join the deal.
21 September 2015, 18:00 PM

India's growth expected to top last year's: Jaitley

Indian Finance Minister Arun Jaitley said on Monday he hopes the economy will grow faster this year than last, and expects that Asia's third-largest economy will not see a big hit from China's slowdown.
21 September 2015, 18:00 PM

Volkswagen shares plunge on US emissions scandal

Volkswagen shares tumbled more than 20 percent on Monday, their biggest ever one-day fall, as the German carmaker was plunged into turmoil by accusations from US authorities that it falsified emissions data.
21 September 2015, 18:00 PM

CEO search delay underscores woes at Twitter

In the fast-moving world of Silicon Valley, Twitter's search for a new chief executive is moving at a snail's pace, raising concerns about deeper woes at the social media platform.
20 September 2015, 18:00 PM

A divided Fed pits world's woes against domestic growth

Federal Reserve policymakers appeared deeply divided on Saturday over how seriously problems in the world economy will effect the US, a fracture that may be difficult for Fed Chair Janet Yellen to mend as she guides the central bank's debate over whether to hike interest rates.
20 September 2015, 18:00 PM