To meet skyrocketing travel demand in the next 20 years, Chinese airlines need to hire almost 100 pilots a week. Chinese carriers are dangling lucrative pay packages at foreigners with cockpit experience having faced with a shortage of candidates at home.   He’s being bombarded every week...

While it isn’t clear the new "through train" would see any more traffic than the lackluster Shanghai one, efforts by China to draw more foreign investors was evident when China announced plans to open its Shenzhen stock market for foreign investors.   China's Shenzhen stock exchange is home...

Pushed by fears that the vote to leave the European Union would diminish the British capital's appeal as a global financial center, New York has knocked off London as the world's premier city for foreign investment in commercial real estate.   Voters in the U.K. had unexpectedly approved...

The pain caused by a rising yen was reflected and the huge task facing policymakers to generate growth is highlighted in the results of a poll done by Reuters showcasing the mood of the manufacturers. The poll showed that the mood of the Japanese manufacturers has soured in August to its lowest...

In a country where the working-age population will decline this year - a first among the emerging economies of Southeast Asia, the demand for elderly robots is on the increase. For example, apart from exercising with and entertain the elderly with its karaoke skills, keeping track of their...

Profits for Japan’s three big banks would be reduced by at least 300 billion yen ($2.96 billion) for the year through March 2017 due to the negative interest rates under the Bank of Japan's monetary easing policy, estimates Japan's financial watchdog. This was reported by the Nikkei business daily...

If the French remain a reference in the world of cosmetics, it is because their secrets are well-kept. Among the most successful companies abroad, Sarbec Cosmetics, the first French independent and family-based group of cosmetics, has managed to get in the game thanks to its brand Corine de Farme....

A loophole in the banking system that authorities said allows drug cartels to move bulk cash across borders on gift and other prepaid cards, was tried to be plugged in 2011 by the U.S. Treasury Department amid a crackdown on international money laundering.   Money stored on these cards count...

2,700 bitcoins that were forfeited during several cases would be auctioned by the U.S. very soon according to an announcement of a U.S. government agency. Investigations of the online black market known as Silk Road was the source of many of the bitcoins the agency said.   The potential...

A European Union (EU)-wide battle for business and finance from China has seen France to be in the forefront. Chinese interest in French aerospace, alcohol, cosmetics and luxury goods is growing even though it has been a little slower than Germany and the U.K. to ratchet up trade with Beijing....

Rattling the global bitcoin community in the second-biggest security breach ever of a bitcoin exchange, nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong.   Bitfinex is known in the digital currency...