A German entrepreneur has invented an in-home machine that quickly turns raw beans into a freshly brewed cup of coffee, racking up 5,000 pre-orders as consumers search for the perfect brew and retailers hunt for new ways tap the coffee market.
Industry
Indian PM looks to eastern state for future of farming
From his sleepy village in eastern India's Bihar state, Ram Narain arrives at Gulab Bagh market to sell a truckload of corn that will fetch him enough money to buy a motorbike for his son, school uniforms for his daughter and a gift for his wife.
Sudden market swings, dollar rise expose emerging market vulnerability: BIS
Sudden swings in financial markets recently suggest they are becoming more fragile and sensitive to unexpected events, the global organization of central banks said on Sunday, warning that a rising U.S. dollar could have a "profound impact" on emerging markets in particular.
Hornby to sell James Bond merchandise as 007 returns
British toymaker Hornby will sell model vehicles based on the new James Bond film, extending a tradition dating back half a century as the suave British agent returns to the screen.
Gold lending rates roar back after jobs data
The cost of lending gold returned to positive territory on Friday for the first time in over a month, capping a dramatic week-long recovery, as robust U.S. jobless data reinforced expectations of higher interest rates next year.
Latest News
Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood a day after Saudi Arabia cut official selling prices.
Most chief executive officers at U.S. corporations report significant problems in finding workers with the skills they need, according to a survey released on Wednesday.
The euro zone economy may face another contraction after business activity grew less than expected in November despite heavy discounting, surveys on Wednesday showed, although Asian readings were more upbeat.
Heavy discounting failed to stop euro zone business activity growing less than thought last month, a survey showed on Wednesday, suggesting the bloc's economy may contract again early next year.
Brent rose to $71 a barrel on Wednesday, recovering some of its losses from the previous session as a turbulent market searched for a price floor after a nearly 40 percent fall since June.
China's services sector grew slightly faster in November, two surveys showed on Wednesday, a welcome respite to a run of underwhelming data but still unlikely to allay concerns about the softening Chinese economy.
The dollar marked a fresh seven-year high against the yen on Wednesday, which helped lift the Nikkei to a similar record, while oil prices recovered after data showed a drop in U.S. supply.
British manufacturing activity unexpectedly picked up a little speed in November as domestic demand offset falling exports due to sluggish orders from the euro zone and emerging markets, a survey showed on Monday.
Oil prices fell to their lowest in five years on Monday, hit by slowing factory activity in China and Europe and hammering emerging market stocks and commodity-linked currencies.
