Sony's PlayStation VR headset sales top 1m units

Sony Corp has sold more than one million units of its virtual reality (VR) headset globally, the Asia chief of the Japanese firm's gaming unit said on Wednesday, as a relatively low price helps push the product into an early lead.
7 June 2017, 18:00 PM

US, Mexico reach sugar pact without backing from US producers

Mexico agreed to significant concessions on Tuesday to maintain its access to the lucrative US sugar market, but US sugar producers refused to endorse the deal between the governments, raising the risk that it could collapse.
7 June 2017, 18:00 PM

Australia economy ties record for longest expansion, looking tired

Australia's economy squeezed out just enough growth last quarter to match the Netherlands' record of 103 quarters without recession, but its stamina is in doubt as households struggle with paltry wage rises and punishing debt.
7 June 2017, 18:00 PM

Arab rift deepens woes for Gulf airlines

A bust-up between Arab powers has dealt a blow to supercarriers already hurt by low oil prices and laptop bans, exposing the sensitivity of Gulf hubs to regional uncertainty and creating openings for rival airlines - at least in the short term.
7 June 2017, 18:00 PM

Here comes the sun: investors increasingly hot on solar projects in SE Asia

Investors are increasingly excited about the prospects for much faster growth in the solar power industry in Southeast Asia, which has until now been a backwater for renewable energy.
7 June 2017, 18:00 PM

Luxury hotels arrive in Cuba despite fears Trump may hurt tourism boom

Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some residents and concern that US President Donald Trump might reverse a detente that fueled the tourist boom.
7 June 2017, 18:00 PM

Chinese architect plans garden city in new economic zone

The chief architect of China's latest special economic zone said he expects to submit to the government by the end of this month a detailed proposal including plans for a high-tech garden city in one of the country's most polluted provinces.
7 June 2017, 18:00 PM

Apple's first TV series shows what it takes to build an app

Apple Inc's long-awaited move into original television series starts Tuesday, with a reality show about a universe that is key to the technology giant's business: the world of app developers trying to bring their ideas to the masses.
7 June 2017, 18:00 PM

Regulator working on internet price guideline

The telecom regulator is formulating a pricing guideline for internet services as data is not becoming cheaper at the user level despite significant cuts in bandwidth prices.
7 June 2017, 18:00 PM

Philippines halts workers' deployment to Qatar

The Philippines on Tuesday halted the deployment of workers to Qatar as the gas-rich Gulf state grappled with a diplomatic crisis after its neighbours cut ties with Doha.
6 June 2017, 18:00 PM

Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals

Qatar's currency came under pressure on Tuesday as Gulf Arab commercial banks started holding off on business with Qatari banks because of a diplomatic rift in the region.
6 June 2017, 18:00 PM

Aamra Tech wins Microsoft award

Aamra Technologies Ltd has won Microsoft Country Partner of the Year Award 2017 for Bangladesh, the company said in a statement.
6 June 2017, 18:00 PM

Airbus sees 'very slow year' for orders

This will be a "very, very slow year" for orders for Airbus, a top executive said Monday.
6 June 2017, 18:00 PM

Laptop ban hot topic as airlines meet in Cancun

Top airline industry players are meeting Monday and Tuesday in Cancun to seek alternatives to the US and British bans on laptops and tablets on certain flights, which they say is hurting business.
5 June 2017, 18:00 PM

Slovenia's eco-hero who crushed a cement giant

When he saw swallows nesting in the barn for the first time in almost two decades, Slovenian farmer Uros Macerl felt vindicated. His exhausting battle against a polluting industrial giant had been worthwhile.
5 June 2017, 18:00 PM

Nepal, China sign mega hydropower agreement

Nepal has signed an agreement with a Chinese company to build the largest hydroelectric plant in the impoverished landlocked country, which suffers from a chronic energy shortage.
5 June 2017, 18:00 PM

India's services activity accelerates in May

Activity in India's services industry accelerated in May as domestic and foreign orders rose, prompting firms to create jobs at the fastest pace in nearly four years, a private business survey showed on Monday.
5 June 2017, 18:00 PM

Oil prices dip

Oil prices reversed gains to trade down on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production.
5 June 2017, 18:00 PM

S Korea unveils $10b stimulus to boost jobs, welfare

South Korea launched on Monday a $10 billion stimulus package to create jobs and bolster welfare programmes in the country faced with slow growth and ageing population. The 11.2-trillion won plan is the first since Moon Jae-In was elected president of Asia's
5 June 2017, 18:00 PM

French private sector growth rises to 6-yr high

France's private sector growth accelerated in May to its fastest level in six years, a key survey showed Monday.
5 June 2017, 18:00 PM