New Delhi / AFP India is a global IT powerhouse but a huge majority of the population remains locked out of the benefits brought by the digital economy, the World Bank said on Tuesday. India’s vibrant business process outsourcing sector, centred in the southern hubs of Bangalore and Hyderabad, has made it the leading exporter of IT services and …

  Tokyo / Bloomberg Mitsubishi Motors Corp.’s fraudulent fuel-economy testing and the subsequent plunge in its stock price and sales could cost its second-largest shareholder about 335 billion yen ($3 billion), as the Japanese carmaker’s disclosure reverberates through its business group. Mitsubishi Corp., which owns 10 percent of Mitsubishi Motors, is the first of the automaker’s major shareholders to measure …

  Bloomberg The U.K. economy received no help from its international trade performance in the first quarter, official figures published on Tuesday suggest. The deficit widened to 13.3 billion pounds ($19 billion), the most since the start of 2008, from 12.2 billion pounds in the fourth quarter of 2015, the Office for National Statistics said. The shortfall in goods alone …