Hungary has become the first European country to sign a cooperation agreement for China's new "Silk Road" initiative to develop trade and transport infrastructure across Asia and beyond, China's foreign ministry said late on Saturday.
Sectors
Apple muscles into streaming music market
Apple launched Apple Music on Monday, a $9.99-a-month streaming music service that may not differ dramatically from competitors but comes with Apple's deep music roots, global brand and hundreds of millions of iTunes customers.
Apple expected to focus on watch, music at developer conference
Apple is expected to unveil a new music service and better tools to build apps for its smartwatch at its annual gathering of developers in San Francisco on Monday.
Yahoo to shut down Maps and other services
California-based Yahoo Inc will be shutting down its maps website and other services at the end of the month, Yahoo's chief architect, Amotz Maimon said in a blog post.
PicsArt scores $15m from Sequoia and Insight Venture Partners
Photo-sharing app, PicsArt Photo Studio (PicsArt), which lets its 65 million plus active users creatively edit photos into works of art, has raised $15 million in new funding led by leading global private equity and venture capital firms, Insight Venture Partners and Sequoia Capital.
Latest News
Two leading Indian power firms will build several plants in Bangladesh to produce up to 4,600 megawatts of electricity to ease the country's prolonged power crisis, a senior official said on Saturday.
Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began.
US-based ride-sharing company Uber and its local rival Ola's licence applications has been rejected by the Delhi government, according to Reuters.
Orange CEO Stephane Richard announced expansion plans in North Africa. The French mobile company has recently launched 4G service in Jordan while its representative expressed willingness to end ties with Israel.
Internet television service Netflix plans to expand into Italy and Portugal later this year, the company said on Saturday, as part of a bid to expand its popular streaming TV service to some 200 countries worldwide within two years.
In a January earnings call with investors, Apple Inc (AAPL.O) Chief Executive Tim Cook made a confident prediction: "2015 will be the year of Apple Pay," he said.
Amazon.com Inc is in a race against Google Inc to store data on human DNA, seeking both bragging rights in helping scientists make new medical discoveries and market share in a business that may be worth $1 billion a year by 2018.
Greek Prime Minister Alexis Tsipras on Friday spurned "absurd" terms of proposed aid from lenders and delayed a debt payment to the International Monetary Fund, prolonging an impasse that threatens to push Greece into default and out of the euro zone.
The Reserve Bank of India won't cut its key interest rate again until the final quarter of the year as it waits to see how the monsoon season affects food prices, a Reuters poll found.
