Queue outside a branch of Yes Bank

Yes Bank founder Kapoor arrested on charges of money laundering

THE head and founder of India's private Yes Bank, Rana Kapoor, has been arrested in Mumbai on charges of money laundering. His arrest comes just...
coronavirus, masks

World Bank commits £9.4bn in aid to help poor countries in virus fight

THE WORLD Bank has committed $12bn (£9.4bn) to help developing countries cope with the spread of coronavirus. The aid package includes technical assistance as well...
Stock Market Charts Coronavirus

Markets catch a cold as virus fears infect stock exchanges

THE Nikkei Index for the Tokyo Stock Exchange has taken a tumble over fears at the spread of coronavirus. The 4.5 percent slump — which...
Pouring Molten Steel

Press ponders the wisdom and reason for British Steel buy-out

BRITISH Steel late last year announced a “rescue deal” with China's Jingye Group, a move that was expected to safeguard up to 4,000 UK...
Ecommerce illustration

Bezos’ billion-dollar bid to boost India’s SME business

AMAZON founder and CEO Jeff Bezos is launching a £770m bid to bring India’s SMEs online. Bezos said his firm will invest the sum —...
World Bank Logo

World Bank believes e-commerce brings tangible rewards in China

E-COMMERCE can flourish in developing countries and in rural areas to create employment opportunities, according to research released by the World Bank and the...
Mixed bank notes, pound, euro, dollar

IMF warns of debt ‘timebomb’ thanks to ‘cheap money’ borrowing policies

THE International Monetary Fund warns that low interest rates are encouraging companies to take on a level of debt that could become a “timebomb”. The...
Qantas Boeing 787

In for the long haul: Qantas to experiment with non-stop trips between London and...

QANTAS Airways is planning to run test flights between London and Sydney to discover how planes, crews and passengers will cope with the longest...
Yuan currency

Yuan tumbles to lowest level in a decade as US tariffs imposed

THE US has accused Beijing of currency manipulation after the Chinese yuan dropped to its lowest level in more than 10 years. The rate now...
Huawei phones

The IP man cometh: China bows to international will

East is east and West is west, and our man in the middle, businessman LEO AUSTIN — UK-based but with decades of experience in...