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Visa beats profit estimates on travel, online spending boom

Visa's quarterly profit topped Wall Street expectations on Tuesday, as a recovery in travel and an improving global economic picture drove volume growth at...

Income, education tied to physical function in old age: study

NEW YORK: People with lower socioeconomic status may have fewer years of good physical functioning in old age than their more affluent, educated counterparts,...

Spend more on schooling to reduce inequality, IMF says

WASHINGTON: Tackling disparities in education is crucial to reducing global income inequality, the International Monetary Fund said on Wednesday, urging governments to spend more...

Donald Trump claims net worth of more than $10 billion

WASHINGTON: Republican presumptive presidential nominee Donald Trump claimed again Tuesday that he is worth "in excess of $10 billion" -- more than twice the level of independent estimates.

Italy set to double baby bonus to fight birth rate ‘apocalypse’

ROME: Italy's health minister is proposing doubling a 'baby bonus' incentive for couples to have more children to combat what she calls a catastrophic decline in the country's birth rate.

Messi remains world’s top paid footballer

PARIS: Argentina and Barcelona star Lionel Messi remains the world's highest paid footballer with an annual income of 74 million euros ($84.3 million, £59.3 million), according to a report set to appear in Tuesday's edition of France Football magazine.

India turns to corner shops, mobile phones for banking revolution

NEW DELHI: India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.

Scotland to be granted income tax autonomy

LONDON: Scotland is set to get sweeping new powers including setting its own income tax rates, under plans unveiled Thursday by a cross-party commission on greater devolution.

China blames rise in violence on drug smuggling from Southeast Asia

BEIJING: An increase in the smuggling of synthetic drugs like methamphetamine from Southeast Asia has fueled a rise in violent crime in China this year, a state-run newspaper reported on Wednesday.

Starbucks Americas sales disappoint on softer traffic

Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent.

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