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More Indian travellers are buying at duty-free stores in local airports instead of overseas, attracted by discounts and a growing range of spirits.

Apple has a team secretly working on virtual reality (VR) and augmented reality (AR) gear in a budding challenge to Facebook-owned Oculus Rift and Microsoft HoloLens, the Financial Times reported Friday. The team’s ranks number in the hundreds, bolstered by talent hired away from companies working on altered-reality technology and ...

Facebook says it is cracking down on online gun sales, announcing Friday a new policy barring private individuals from advertising or selling firearms on the world’s largest social network. The new policy applies also to Facebook’s photo-sharing service Instagram. It comes after gun control groups have long complained that Facebook ...

Bank of Japan Gov. Haruhiko Kuroda has surprised the market again by introducing a negative interest rate, but the decision indicates the central bank has been pushed into a corner in its battle against deflation. The new easing measure, which one analyst likened to a “powerful drug,” could have both ...

The yen dropped the most in more than a year after Bank of Japan Gov. Haruhiko Kuroda unexpectedly adopted negative interest rates, risking another round of competitive devaluations. The currency fell against all 16 of its major peers after the central bank voted 5-4 to apply an interest rate of ...

The number of foreign workers in Japan totaled 907,896 at the end of October, the most since the government started requiring employers to submit reports on their non-Japanese employees in 2007, the labor ministry said. The figure, up 15.3 percent from a year before, reflects a rise in students from ...

Kansai Electric Power Co. said Friday that it expects to swing to a group net profit for the first time in five years in the fiscal year through March, helped by the restart of a reactor at its Takahama nuclear plant in central Japan. At a news conference in Osaka, ...

Terry Gou, chairman of Taiwan’s Hon Hai Precision Industry Co., was set to visit Sharp Corp. on Saturday to present a new bailout proposal, informed sources told Jiji Press. The new proposal includes supply of growth capital that exceeds the ¥300 billion in capital that Innovation Network Corp. of Japan, ...

Character goods maker Sanrio Co. and Mitsui Fudosan Realty Co. have opened a car-parking space featuring Hello Kitty, the beloved kitten character, in Tokyo’s Asakusa district. As Hello Kitty is also popular outside Japan, the car-parking lot near the Kaminarimon entrance gate of Sensoji, a major temple in Asakusa that ...

Pledging to continue structural reforms to accelerate growth, finance minister Arun Jaitley on Saturday said India has the potential to grow at 8-9 per cent, and only a higher growth rate can end poverty.