Fired by swelling middle class and rapid increase in insurance coverage, China's insurance sector last year posted its best performance since the global financial crisis in 2008, with profits surging over USD 47 billion, the country's insurance regulator said.
China's corporate debt is a serious and growing problem and the world's second largest economy must take immediate steps to tackle this to avoid new "debt bubble", a top IMF official said on Saturday.
Pakistan's Punjab government has served tax notices to social media networking websites Google and Facebook as well as video-sharing websites YouTube and Dailymotion, asking them to register by June 17 and pay for displaying Punjab-specific advertisements.
Russia`s central bank cut its key interest rate by half a percentage point Friday, the first reduction in nearly a year after the ruble recovered thanks to a bounce in oil and fading inflation fears.
The Gotthard Basel Tunnel will save the train journey from Zurich to Milan in northern Italy down to two hours and 40 minutes.
Russia on Wednesday presented a new medium-range passenger plane which state media said was superior to its Western-made counterparts in many respects.
In a glitzy ceremony at a factory in Siberia attended by Prime Minister Dmitry Medvedev, Irkut Corporation rolled out its new MC-21 passenger plane which is still undergoing testing but is due to enter serial production next year. The plane is sometimes also known as MS-21.
Umesh Sachdev has been named by Time to its 2016 list of "10 millennials who are changing the world" for his work on "building a phone that can understand almost any language".
Japanese small car major Suzuki Motor Corporation Wednesday said its Chairman and CEO Osamu Suzuki will give up the CEO position while announcing pay cuts for its directors in the aftermath of the mileage testing controversy.
Having already slashed interest rates to below zero and pumped massive amounts of cash into financial markets, it started to directly finance businesses by buying their debt in the bond market.
Suzuki Motor Corp, the parent company of Maruti Suzuki India Chairman Osamu Suzki will setp down as CEO over improper fuel-efficiency testing
Some 18.5 million households around the world have at least USD 1 million worth of assets, for a total of USD 78.8 trillion -- or about the same size as global annual economic output -- Boston Consulting Group's annual report on global private wealth says.
London: Energy giant Royal Dutch Shell on Tuesday said it could exit up to 10 countries under a previously announced plan to sell oil and gas assets over two years.
In a press conference in the early hours of Tuesday in Jeddah, officials revealed sweeping plans to create some 450,000 non-government jobs by 2020, boost non-oil revenues and cut the cost of public wages.
Terming Indo-Japan ties a "special strategic relationship", Japan on Tuesday said it is working very hard to increase investments in India.
Warning of the fallout on markets, Federal Reserve Chair Janet Yellen said on Monday that the global economy if Britain votes to leave the European Union in the June 23 Brexit referendum.
Final results in the referendum showed 76.9 percent of voters opposed the initiative to provide an unconditional, basic income (UBI) to each Swiss national, along with foreigners who have been legal residents for at least five years.
Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation.
President Pranab Mukherjee asked Chinese investors to be a "partner in India`s growth story" and assured a conducive business environment during his recent visit to Guangzhou, but a senior leader of China`s top advisory body feels there are still "some issues" in opening shop in India.
In a global first, the Swiss will vote Sunday on a radical proposal to provide the entire population with enough money to live on, no strings attached.