Tokyo / Bloomberg Japan will compile a 778 billion yen ($7.2 billion) extra budget to aid the recovery from a series of huge quakes in southern Japan last month, according to ruling party officials with direct knowledge of the spending plan. The government can cover the cost of the supplementary budget because interest payments on Japanese government bonds have ...

  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 ...