New York / AFP Retail group Gap Inc. said it would shutter 75 stores this year amid sagging sales, including 53 of its kids-focused Old Navy brand outlets in Japan. Announcing a fall in first quarter earnings, the San Francisco-based retailer also warned that it might not achieve previous earnings forecasts for this year given the headwinds buffeting the apparel ...

  Washington / AFP An experimental, solar-powered aircraft took off from Tulsa in the midwestern US state of Oklahoma early on Saturday, kicking off the latest phase of its record-breaking quest to circle the globe without consuming a drop of fuel. Swiss businessman Andre Borschberg, who has teamed up with adventurer Bertrand Piccard for the Solar Impulse 2 project, piloted the ...

  Bloomberg Increasing infrastructure investment is the best way to boost economic growth in China and doing so doesn’t undermine efforts to overhaul the economy, according to former central bank adviser Yu Yongding. “If China does not increase infrastructure investment now, it may miss a historical opportunity,” Yu said on Saturday at an economics conference in Beijing. “In order to ...