China’s Air Force has created a new unit dedicated solely to tracking and responding to drones, according to China Daily. In a press release, the PLA Air Force said the unit would focus on “small, slow-moving drones flying at an altitude of less than 1,000 meters,” China Daily reported. The language in the report makes it seem as though military ...

Hong Kong / AP Asia-focused bank Standard Chartered said on Tuesday it swung to a surprise $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring costs and bad loans. Chairman John Peace described the performance as “poor” in what he called a watershed year, which saw the company announce it would axe 15,000 jobs under ...

Riyadh / Emirates Business As high as 38 percent of KSA respondents would recommend their bank as a first choice to friends or colleagues according to the first ever NPS Survey conducted in the Kingdom by Souqalmal.com , KSA’s #1 financial comparison website. Respondents were asked to evaluate various aspects of the overall banking experience. The parameters covered customer service, ...