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‘Rural India to become the next driver of e-commerce’

  New Delhi / Bloomberg A surge in internet connectivity in rural India, home to some 870 million people, will lead much of the nation’s e-commerce activity to move into regional areas during the rest of the decade, according to a report by Boston Consulting Group. The number of web-connected rural consumers will more than double to 315 million by ...

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Vanke profit gains on strong sales amid ownership fight

  Beijing / Bloomberg China Vanke Co., the developer at the center of a battle for control, posted a 10 percent increase in first-half profit as a home-market recovery boosted sales, helping offset uncertainties over the company’s future because of the ownership struggle. Net income at the nation’s largest residential developer climbed to 5.35 billion yuan ($804 million), or 0.48 ...

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Philippine president threatens to take country out of UN

  Manila / AFP President Rodrigo Duterte threatened on Sunday to withdraw the Philippines from the United Nations, as he launched another profanity-laced tirade against the organisation for criticising his bloody war on crime. More than 1,500 people have been killed since Duterte took office and immediately began his law-and-order crackdown, according to police statistics, triggering fierce criticism from the ...

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