Nokia comes up with virtual reality camera

Finland's Nokia, once the world's largest phone maker, has unveiled a spherical camera designed for making 3D movies and games that can be watched and played with virtual reality headsets.
29 July 2015, 18:00 PM

GM to invest $1b in India, plans to double market share by 2020

General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday.
29 July 2015, 18:00 PM

Microsoft launches much-awaited Windows 10

Microsoft Corp launched its much-awaited Windows 10 operating system at midnight on Wednesday.
29 July 2015, 18:00 PM

Panasonic three-month net profit soars more than 50pc

Japanese electronics giant Panasonic said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business.
29 July 2015, 18:00 PM

Russia halts foreign currency purchases after ruble slides

Russia's central bank announced Wednesday it had halted its purchases of foreign currency on the back of a recent slump by the ruble.
29 July 2015, 18:00 PM

Japanese butter on the table in Pacific trade talks

Japan has been grappling with a severe butter shortage that critics say highlights a bigger problem with the country's protected agricultural sector, a key sticking point in high-profile trade talks this week in Hawaii.
29 July 2015, 18:00 PM

Little by little, Germans look beyond cash to shop

TOURISTS and business travellers visiting Germany are often surprised when they reach to pay for their beer, metro tickets or even a large restaurant bill that their credit cards are not welcome.
29 July 2015, 18:00 PM

Maruti Suzuki Q1 profit jumps 56pc

Maruti Suzuki India Ltd, India's top-selling carmaker, said on Tuesday first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates.
28 July 2015, 18:00 PM

Russian economy decline slows, but recovery elusive

The sharp decline in Russia's economy may have almost run its course, official data showed on Tuesday, slowed by a huge devaluation of the rouble and heavy government spending on anti-crisis measures.
28 July 2015, 18:00 PM

India to reinstate wheat import duty after big deals

India has decided to introduce an import duty of 10 percent on wheat after a gap of eight years, government sources said on Monday, after senior civil servants met to discuss ways to curb overseas purchases when domestic stocks are ample.
28 July 2015, 18:00 PM

Volkswagen overtakes Toyota in sales

Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time.
28 July 2015, 18:00 PM

British economy bounces back in second quarter

Britain's economy accelerated in the second quarter of 2015, helped by rebounding services activity and industrial output, official data showed on Tuesday.
28 July 2015, 18:00 PM

Apple's fake factory' raided in China

A factory which allegedly made up to 41,000 fake Apple iPhones has been raided in China, with nine arrests.
28 July 2015, 18:00 PM

EU suspends sale of 700 generic drugs made in India

European Union nations have until August 20 to suspend the sale of some 700 generic drugs made in India, the EU's executive confirmed on Monday.
28 July 2015, 18:00 PM

US regulators fine Fiat Chrysler record $105m

The US auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines
27 July 2015, 18:00 PM

Critics fear Pacific trade deal favours big business over states

With the end game in sight to what could be the world's most ambitious trade deal, critics fear a controversial mechanism to protect investors will strengthen the hand of big business while eroding national sovereignty.
27 July 2015, 18:00 PM

Canon profit tumbles 20pc on weak camera demand

Japan's Canon said Monday that its net profit fell 20.5 percent in the first six months of the year as smartphones increasingly take a bite out of demand for digital cameras.
27 July 2015, 18:00 PM

Growth in eurozone private sector loans stagnates: ECB

Loans to the private sector in the euro area, a gauge of economic health, increased slightly year-on-year in June, but only at the same pace as a month earlier, the European Central Bank said Monday.
27 July 2015, 18:00 PM

US, UK growth in focus as Greece crisis pauses

A meeting of the US Federal Reserve and the first estimate of US second-quarter growth are likely to be this week's economic centerpieces with markets able for the first time in months to look beyond Greece's debt struggle.
27 July 2015, 18:00 PM

Mitsubishi Motors plans Japan, SE Asia, Russia output focus

The president of Mitsubishi Motors Corp said Japan, SouthEast Asia and Russia will become the automaker's principal production hubs after it calls time on making cars in the United States later this year because of dwindling output there.
27 July 2015, 18:00 PM