Samsung opens biggest phone manufacturing facility in India

​Samsung Electronics on Monday announced the opening of what it said is the world’s biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world’s fastest growing major mobile phone market. The facility, on the outskirts of New Delhi, will allow Samsung to manufacture phones at a lower… Read More Samsung opens biggest phone manufacturing facility in India

Scores dead, dozens missing as torrential rains trigger floodings in Japan

Rescuers in Japan dug through mud and rubble on Monday, racing to find survivors after torrential rain unleashed floods and landslides that killed at least 114 people, with dozens missing. Prime Minister Shinzo Abe canceled an overseas trip to deal with Japan’s worst flood disaster since 1983, with several million people forced from their homes.… Read More Scores dead, dozens missing as torrential rains trigger floodings in Japan

Myanmar court charges Reuters journalists for obtaining secret state documents

​A court in Myanmar on Monday charged two jailed Reuters journalists with obtaining secret state documents, moving the landmark press freedom case into its trial stage after six months of preliminary hearings. Yangon district judge Ye Lwin charged reporters Wa Lone and Kyaw Soe Oo with breaching the colonial-era Official Secrets Act, which carries a… Read More Myanmar court charges Reuters journalists for obtaining secret state documents

PayPal set to invest up to $3billion on acquisitions

​PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion, in the U.S. payments company’s biggest ever deal. “We have a healthy balance sheet and we are ready to put it to work to buy more companies,” President and CEO Dan Schulman… Read More PayPal set to invest up to $3billion on acquisitions