Japanese e-commerce giant Rakuten struggles to retake the lead from Amazon

Japanese e-commerce giant Rakuten struggles to retake the lead from Amazon

RAKUTEN is a jack-of-all-trades. Since pioneering e-commerce in Japan in 1997, it has been a rare example of a highly entrepreneurial Japanese firm. Today it spans more than 70 businesses providing credit cards, a travel agency, a golf-reservation system, matchmaking, wedding planning and insurance. It owns Viber, a calling and messaging app and has invested […]

Indian decision on F-16, F-18 could lead to 5th gen fighter jets: US official

Indian decision on F-16, F-18 could lead to 5th gen fighter jets: US official

Washington: The trajectory of the India-US defence ties in the fighter jet segment depends on New Delhi’s decision on the F-16 and F-18 warplanes being offered by the US, a top Defence Department official has said. A positive decision by India could be a precursor to advanced fifth-generation fighter technology, Joe Felter, Deputy Assistant Secretary […]

Wall St. ends strong October higher as tech, staples lead

Wall St. ends strong October higher as tech, staples lead

(Reuters) – A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports on Tuesday, along with further gains for tech stocks, helped Wall Street end October on a positive note. The three major indexes tallied their best monthly gains since February. Mondelez (MDLZ.O) jumped 5.4 percent after the Oreo cookie maker […]